TEX PROJECT 1: 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 PROJECT 1
Largest movements
- Receivables within one year +€16,869
up €16,869 (+9.9%), from €170,018 to €186,887
- Cash -€2,327
down €2,327 (-95.9%), from €2,427 to €100
mainly Receivables within one year (-€16,869)
- Other debts +€12,822
up €12,822 (+22.7%), from €56,388 to €69,210
- Gross operating margin +€810
up €810 (+26.8%), from -€3,024 to -€2,214
- Financial charges +€528
up €528 (+26.4%), from €1,997 to €2,525
- Financial income +€181
up €181 (+2.7%), from €6,806 to €6,987
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 | €174,945 | €189,487 | +€14,542 | +8.3% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €172,445 | €186,987 | +€14,542 | +8.4% |
| Amounts receivable within one year | 40/41 | €170,018 | €186,887 | +€16,869 | +9.9% |
| Other amounts receivable | 41 | €170,018 | €186,887 | +€16,869 | +9.9% |
| Cash at bank and in hand | 54/58 | €2,427 | €100 | -€2,327 | -95.9% |
| Total equity and liabilities | 10/49 | €174,945 | €189,487 | +€14,542 | +8.3% |
| Equity | 10/15 | €117,044 | €118,764 | +€1,720 | +1.5% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,956 | -€341,236 | +€1,720 | +0.5% |
| Amounts payable | 17/49 | €57,902 | €70,723 | +€12,822 | +22.1% |
| Amounts payable within one year | 42/48 | €57,902 | €70,723 | +€12,822 | +22.1% |
| Financial debts | 43 | €86 | €86 | = | 0.0% |
| Credit institutions | 430/8 | €86 | €86 | = | 0.0% |
| Trade debts | 44 | €1,428 | €1,428 | = | 0.0% |
| Suppliers | 440/4 | €1,428 | €1,428 | = | 0.0% |
| Other amounts payable | 47/48 | €56,388 | €69,210 | +€12,822 | +22.7% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,024 | -€2,214 | +€810 | +26.8% |
| Operating profit (loss) | 9901 | -€3,537 | -€2,742 | +€795 | +22.5% |
| Financial income | 75/76B | €6,806 | €6,987 | +€181 | +2.7% |
| Recurring financial income | 75 | €6,806 | €6,987 | +€181 | +2.7% |
| Financial charges | 65/66B | €1,997 | €2,525 | +€528 | +26.4% |
| Recurring financial charges | 65 | €1,997 | €2,525 | +€528 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €1,272 | €1,720 | +€449 | +35.3% |
| Profit (loss) for the period | 9904 | €1,272 | €1,720 | +€449 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | €1,720 | +€449 | +35.3% |
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 16 October 2026 via checked.be.