TEX MEX: what changed
Two financial 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 MEX
Largest movements
- Cash -€57,090
down €57,090 (-42.0%), from €135,782 to €78,692
mainly Other debts (-€27,103) and Net result for the year (-€23,512)
- Receivables within one year -€4,139
down €4,139 (-93.5%), from €4,426 to €287
of which Trade receivables: -€2,536
- Profit (loss) carried forward -€28,028
down €28,028 (-100%), from €28,028 to €0
- Other debts -€27,103
down €27,103 (-96.8%), from €28,011 to €907
- Debts after one year -€7,995
down €7,995 (-29.7%), from €26,919 to €18,924
- Reserves +€4,543
up €4,543 (+5.0%), from €90,634 to €95,177
of which Distributable reserves: +€7,666
- Gross operating margin -€52,424
down €52,424 (-87.3%), from €60,058 to €7,634
- Depreciation -€16,484
down €16,484 (-100%), from €16,484 to €0
- Staff costs -€5,335
down €5,335 (-14.7%), from €36,356 to €31,021
- Financial income +€4,926
up €4,926 (+17,337%), from €28 to €4,954
- Other operating charges -€2,406
down €2,406 (-56.5%), from €4,256 to €1,850
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,726 | €171,085 | -€60,640 | -26.2% |
| Fixed assets | 21/28 | €88,201 | €88,228 | +€27 | 0.0% |
| Tangible fixed assets | 22/27 | €83,751 | €83,778 | +€27 | 0.0% |
| Land and buildings | 22 | €51,907 | €51,907 | = | 0.0% |
| Plant, machinery and equipment | 23 | €30,111 | €30,138 | +€27 | +0.1% |
| Furniture and vehicles | 24 | €1,733 | €1,733 | = | 0.0% |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €143,525 | €82,857 | -€60,667 | -42.3% |
| Stocks and contracts in progress | 3 | €3,317 | €2,359 | -€957 | -28.9% |
| Stocks | 30/36 | €3,317 | €2,359 | -€957 | -28.9% |
| Amounts receivable within one year | 40/41 | €4,426 | €287 | -€4,139 | -93.5% |
| Trade receivables | 40 | €2,823 | €287 | -€2,536 | -89.8% |
| Other amounts receivable | 41 | €1,603 | €0 | -€1,603 | -100% |
| Cash at bank and in hand | 54/58 | €135,782 | €78,692 | -€57,090 | -42.0% |
| Deferred charges and accrued income | 490/1 | - | €1,519 | +€1,519 | |
| Total equity and liabilities | 10/49 | €231,726 | €171,085 | -€60,640 | -26.2% |
| Equity | 10/15 | €149,897 | €126,412 | -€23,485 | -15.7% |
| Contributions | 10/11 | €31,235 | €31,235 | = | 0.0% |
| Reserves | 13 | €90,634 | €95,177 | +€4,543 | +5.0% |
| Non-distributable reserves | 130/1 | €3,123 | - | -€3,123 | |
| Reserves not available under the articles | 1311 | €3,123 | - | -€3,123 | |
| Tax-exempt reserves | 132 | €22,750 | €22,750 | = | 0.0% |
| Distributable reserves | 133 | €64,761 | €72,427 | +€7,666 | +11.8% |
| Profit (loss) carried forward | 14 | €28,028 | €0 | -€28,028 | -100% |
| Amounts payable | 17/49 | €81,828 | €44,673 | -€37,155 | -45.4% |
| Amounts payable after more than one year | 17 | €26,919 | €18,924 | -€7,995 | -29.7% |
| Financial debts | 170/4 | €26,919 | €18,924 | -€7,995 | -29.7% |
| Amounts payable within one year | 42/48 | €54,909 | €25,749 | -€29,160 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €8,185 | €8,194 | +€9 | +0.1% |
| Trade debts | 44 | €15,038 | €13,893 | -€1,144 | -7.6% |
| Suppliers | 440/4 | €15,038 | €13,893 | -€1,144 | -7.6% |
| Advances received on contracts in progress | 46 | €60 | €74 | +€14 | +23.3% |
| Taxes, remuneration and social security | 45 | €3,616 | €2,681 | -€935 | -25.9% |
| Taxes | 450/3 | - | €453 | +€453 | |
| Remuneration and social security | 454/9 | €3,616 | €2,227 | -€1,388 | -38.4% |
| Other amounts payable | 47/48 | €28,011 | €907 | -€27,103 | -96.8% |
| Remuneration, social security and pensions | 62 | €36,356 | €31,021 | -€5,335 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,484 | €0 | -€16,484 | -100% |
| Other operating charges | 640/8 | €4,256 | €1,850 | -€2,406 | -56.5% |
| Non-recurring operating charges | 66A | - | €102 | +€102 | |
| Gross operating margin | 9900 | €60,058 | €7,634 | -€52,424 | -87.3% |
| Operating profit (loss) | 9901 | €2,962 | -€25,339 | -€28,301 | |
| Financial income | 75/76B | €28 | €4,954 | +€4,926 | +17,337% |
| Recurring financial income | 75 | €28 | €4,954 | +€4,926 | +17,337% |
| Financial charges | 65/66B | €2,757 | €3,127 | +€371 | +13.4% |
| Recurring financial charges | 65 | €2,757 | €3,127 | +€371 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €234 | -€23,512 | -€23,746 | |
| Profit (loss) for the period | 9904 | €234 | -€23,512 | -€23,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €234 | -€23,512 | -€23,746 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.