TEX-OIL: 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-OIL
Largest movements
- Stocks and contracts -€160,483
down €160,483 (-49.6%), from €323,428 to €162,944
- Receivables within one year +€158,411
up €158,411 (+280%), from €56,632 to €215,043
of which Trade receivables: +€158,861
- Cash +€154,896
up €154,896 (+48.8%), from €317,678 to €472,574
mainly Trade debts (+€190,897) and Stocks and contracts (+€160,483)
- Deferred charges and accrued income +€103,009
up €103,009 (+28,481%), from €362 to €103,371
- Tangible fixed assets +€90,866
up €90,866 (+2,799%), from €3,247 to €94,113
- Trade debts +€190,897
up €190,897 (+1,272%), from €15,012 to €205,909
- Debts after one year +€68,059
new in 2025: €68,059
- Reserves +€44,739
up €44,739 (+17.6%), from €254,609 to €299,348
- Current portion of long-term debt +€18,127
new in 2025: €18,127
- Other debts +€15,403
up €15,403 (+5.8%), from €267,179 to €282,582
- Gross operating margin +€49,017
up €49,017 (+65.1%), from €75,246 to €124,264
- Taxes +€14,592
up €14,592 (+183%), from €7,954 to €22,546
- Financial income +€10,554
new in 2025: €10,554
of which Non-recurring financial income: +€10,451
- Depreciation +€6,468
up €6,468 (+108%), from €5,985 to €12,454
- Other operating charges +€6,190
up €6,190 (+1,729%), from €358 to €6,548
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 | €701,396 | €1,048,095 | +€346,699 | +49.4% |
| Fixed assets | 21/28 | €3,297 | €94,163 | +€90,866 | +2,756% |
| Tangible fixed assets | 22/27 | €3,247 | €94,113 | +€90,866 | +2,799% |
| Furniture and vehicles | 24 | €3,247 | €94,113 | +€90,866 | +2,799% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €698,099 | €953,932 | +€255,833 | +36.6% |
| Stocks and contracts in progress | 3 | €323,428 | €162,944 | -€160,483 | -49.6% |
| Stocks | 30/36 | €323,428 | €162,944 | -€160,483 | -49.6% |
| Amounts receivable within one year | 40/41 | €56,632 | €215,043 | +€158,411 | +280% |
| Trade receivables | 40 | €53,820 | €212,682 | +€158,861 | +295% |
| Other amounts receivable | 41 | €2,811 | €2,361 | -€450 | -16.0% |
| Cash at bank and in hand | 54/58 | €317,678 | €472,574 | +€154,896 | +48.8% |
| Deferred charges and accrued income | 490/1 | €362 | €103,371 | +€103,009 | +28,481% |
| Total equity and liabilities | 10/49 | €701,396 | €1,048,095 | +€346,699 | +49.4% |
| Equity | 10/15 | €404,609 | €449,348 | +€44,739 | +11.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €254,609 | €299,348 | +€44,739 | +17.6% |
| Distributable reserves | 133 | €254,609 | €299,348 | +€44,739 | +17.6% |
| Amounts payable | 17/49 | €296,787 | €598,746 | +€301,960 | +102% |
| Amounts payable after more than one year | 17 | - | €68,059 | +€68,059 | |
| Financial debts | 170/4 | - | €68,059 | +€68,059 | |
| Amounts payable within one year | 42/48 | €296,787 | €530,688 | +€233,901 | +78.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,127 | +€18,127 | |
| Trade debts | 44 | €15,012 | €205,909 | +€190,897 | +1,272% |
| Suppliers | 440/4 | €15,012 | €205,909 | +€190,897 | +1,272% |
| Taxes, remuneration and social security | 45 | €14,595 | €24,070 | +€9,474 | +64.9% |
| Taxes | 450/3 | €9,004 | €18,243 | +€9,239 | +103% |
| Remuneration and social security | 454/9 | €5,591 | €5,827 | +€236 | +4.2% |
| Other amounts payable | 47/48 | €267,179 | €282,582 | +€15,403 | +5.8% |
| Remuneration, social security and pensions | 62 | €26,484 | €27,638 | +€1,154 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,985 | €12,454 | +€6,468 | +108% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€860 | - | +€860 | |
| Other operating charges | 640/8 | €358 | €6,548 | +€6,190 | +1,729% |
| Gross operating margin | 9900 | €75,246 | €124,264 | +€49,017 | +65.1% |
| Operating profit (loss) | 9901 | €43,278 | €77,624 | +€34,346 | +79.4% |
| Financial income | 75/76B | - | €10,554 | +€10,554 | |
| Recurring financial income | 75 | - | €103 | +€103 | |
| Non-recurring financial income | 76B | - | €10,451 | +€10,451 | |
| Financial charges | 65/66B | €20,788 | €20,893 | +€105 | +0.5% |
| Recurring financial charges | 65 | €20,788 | €20,893 | +€105 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €22,490 | €67,284 | +€44,794 | +199% |
| Income taxes | 67/77 | €7,954 | €22,546 | +€14,592 | +183% |
| Profit (loss) for the period | 9904 | €14,537 | €44,739 | +€30,202 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €14,537 | €44,739 | +€30,202 | +208% |
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 19 October 2026 via checked.be.