TEX IMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TEX IMMO
Largest movements
- Deferred charges and accrued income +€42,000
new in 2024: €42,000
- Tangible fixed assets -€32,220
down €32,220 (-5.5%), from €581,599 to €549,379
of which Land and buildings: -€23,706
- Cash -€31,736
down €31,736 (-84.1%), from €37,740 to €6,005
mainly Deferred charges and accrued income (-€42,000) and Other debts (-€31,383)
- Receivables within one year -€13,053
down €13,053 (-28.3%), from €46,158 to €33,106
of which Other amounts receivable: -€7,318
- Other debts -€31,383
down €31,383 (-12.8%), from €244,337 to €212,954
- Debts after one year -€29,875
down €29,875 (-6.8%), from €439,657 to €409,782
- Current portion of long-term debt -€24,902
down €24,902 (-54.3%), from €45,835 to €20,933
- Short-term financial debts +€21,339
new in 2024: €21,339
- Reserves +€19,218
up €19,218 (+16.7%), from €115,113 to €134,331
of which Distributable reserves: +€23,128
- Gross operating margin -€60,144
down €60,144 (-41.6%), from €144,440 to €84,296
- Staff costs -€22,696
down €22,696 (-99.4%), from €22,834 to €138
- Taxes +€12,023
up €12,023 (+522.7%), from €2,300 to €14,322
- Financial charges -€3,215
down €3,215 (-21.7%), from €14,796 to €11,582
- Other operating charges -€2,964
down €2,964 (-26.7%), from €11,083 to €8,119
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €931,498 | €896,490 | -€35,009 | -3.8% |
| Fixed assets | 21/28 | €847,599 | €815,379 | -€32,220 | -3.8% |
| Tangible fixed assets | 22/27 | €581,599 | €549,379 | -€32,220 | -5.5% |
| Land and buildings | 22 | €530,194 | €506,488 | -€23,706 | -4.5% |
| Plant, machinery and equipment | 23 | €51,100 | €42,891 | -€8,210 | -16.1% |
| Furniture and vehicles | 24 | €305 | €0 | -€305 | -100.0% |
| Financial fixed assets | 28 | €266,000 | €266,000 | = | 0.0% |
| Current assets | 29/58 | €83,899 | €81,111 | -€2,788 | -3.3% |
| Amounts receivable within one year | 40/41 | €46,158 | €33,106 | -€13,053 | -28.3% |
| Trade receivables | 40 | €12,084 | €6,350 | -€5,734 | -47.5% |
| Other amounts receivable | 41 | €34,074 | €26,756 | -€7,318 | -21.5% |
| Cash at bank and in hand | 54/58 | €37,740 | €6,005 | -€31,736 | -84.1% |
| Deferred charges and accrued income | 490/1 | - | €42,000 | +€42,000 | |
| Total equity and liabilities | 10/49 | €931,498 | €896,490 | -€35,009 | -3.8% |
| Equity | 10/15 | €133,713 | €152,931 | +€19,218 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,113 | €134,331 | +€19,218 | +16.7% |
| Tax-exempt reserves | 132 | €78,197 | €74,287 | -€3,910 | -5.0% |
| Distributable reserves | 133 | €36,916 | €60,044 | +€23,128 | +62.6% |
| Provisions and deferred taxes | 16 | €26,066 | €24,762 | -€1,303 | -5.0% |
| Deferred taxes | 168 | €26,066 | €24,762 | -€1,303 | -5.0% |
| Amounts payable | 17/49 | €771,720 | €718,796 | -€52,923 | -6.9% |
| Amounts payable after more than one year | 17 | €439,657 | €409,782 | -€29,875 | -6.8% |
| Financial debts | 170/4 | €439,657 | €409,782 | -€29,875 | -6.8% |
| Amounts payable within one year | 42/48 | €330,177 | €308,994 | -€21,183 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €45,835 | €20,933 | -€24,902 | -54.3% |
| Financial debts | 43 | - | €21,339 | +€21,339 | |
| Credit institutions | 430/8 | - | €21,339 | +€21,339 | |
| Trade debts | 44 | €30,210 | €46,447 | +€16,237 | +53.7% |
| Suppliers | 440/4 | €30,210 | €46,447 | +€16,237 | +53.7% |
| Taxes, remuneration and social security | 45 | €9,795 | €7,322 | -€2,473 | -25.3% |
| Taxes | 450/3 | €9,795 | €7,322 | -€2,473 | -25.3% |
| Other amounts payable | 47/48 | €244,337 | €212,954 | -€31,383 | -12.8% |
| Accrued charges and deferred income | 492/3 | €1,886 | €21 | -€1,865 | -98.9% |
| Remuneration, social security and pensions | 62 | €22,834 | €138 | -€22,696 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,000 | €32,220 | +€220 | +0.7% |
| Other operating charges | 640/8 | €11,083 | €8,119 | -€2,964 | -26.7% |
| Gross operating margin | 9900 | €144,440 | €84,296 | -€60,144 | -41.6% |
| Operating profit (loss) | 9901 | €78,523 | €43,819 | -€34,704 | -44.2% |
| Financial income | 75/76B | €488 | - | -€488 | |
| Recurring financial income | 75 | €488 | - | -€488 | |
| Financial charges | 65/66B | €14,796 | €11,582 | -€3,215 | -21.7% |
| Recurring financial charges | 65 | €14,796 | €11,582 | -€3,215 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €64,214 | €32,237 | -€31,977 | -49.8% |
| Transfer from deferred taxes | 780 | €1,303 | €1,303 | = | 0.0% |
| Income taxes | 67/77 | €2,300 | €14,322 | +€12,023 | +522.7% |
| Profit (loss) for the period | 9904 | €63,217 | €19,218 | -€44,000 | -69.6% |
| Transfer from tax-exempt reserves | 789 | €3,910 | €3,910 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,127 | €23,128 | -€44,000 | -65.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.