TEX SANDERUIZ: 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 SANDERUIZ
Largest movements
- Receivables within one year +€7,515
up €7,515 (+189%), from €3,972 to €11,487
- Cash +€7,388
up €7,388 (+54.1%), from €13,657 to €21,044
mainly Net result for the year (+€13,239) and Tax, wage and social debts (+€2,090)
- Tangible fixed assets +€1,376
new in 2025: €1,376
- Profit (loss) carried forward +€13,239
up €13,239, from -€5,454 to €7,784
- Tax, wage and social debts +€2,090
up €2,090 (+18.0%), from €11,633 to €13,723
- Trade debts +€728
up €728 (+66.9%), from €1,087 to €1,815
- Gross operating margin +€16,591
up €16,591 (+280%), from €5,935 to €22,526
- Taxes +€3,455
up €3,455 (+77.1%), from €4,484 to €7,940
- Other operating charges +€518
up €518 (+71.6%), from €722 to €1,240
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 | €17,789 | €34,066 | +€16,278 | +91.5% |
| Fixed assets | 21/28 | - | €1,376 | +€1,376 | |
| Tangible fixed assets | 22/27 | - | €1,376 | +€1,376 | |
| Plant, machinery and equipment | 23 | - | €1,376 | +€1,376 | |
| Current assets | 29/58 | €17,789 | €32,690 | +€14,901 | +83.8% |
| Amounts receivable within one year | 40/41 | €3,972 | €11,487 | +€7,515 | +189% |
| Trade receivables | 40 | €3,972 | €11,487 | +€7,515 | +189% |
| Cash at bank and in hand | 54/58 | €13,657 | €21,044 | +€7,388 | +54.1% |
| Deferred charges and accrued income | 490/1 | €160 | €158 | -€1 | -0.9% |
| Total equity and liabilities | 10/49 | €17,789 | €34,066 | +€16,278 | +91.5% |
| Equity | 10/15 | €4,766 | €18,005 | +€13,239 | +278% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,221 | €5,221 | = | 0.0% |
| Distributable reserves | 133 | €5,221 | €5,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,454 | €7,784 | +€13,239 | |
| Amounts payable | 17/49 | €13,023 | €16,062 | +€3,039 | +23.3% |
| Amounts payable within one year | 42/48 | €12,804 | €15,838 | +€3,034 | +23.7% |
| Trade debts | 44 | €1,087 | €1,815 | +€728 | +66.9% |
| Suppliers | 440/4 | €1,087 | €1,815 | +€728 | +66.9% |
| Taxes, remuneration and social security | 45 | €11,633 | €13,723 | +€2,090 | +18.0% |
| Taxes | 450/3 | €11,633 | €13,723 | +€2,090 | +18.0% |
| Other amounts payable | 47/48 | €84 | €300 | +€217 | +259% |
| Accrued charges and deferred income | 492/3 | €218 | €223 | +€5 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €18 | +€18 | |
| Other operating charges | 640/8 | €722 | €1,240 | +€518 | +71.6% |
| Gross operating margin | 9900 | €5,935 | €22,526 | +€16,591 | +280% |
| Operating profit (loss) | 9901 | €5,212 | €21,268 | +€16,056 | +308% |
| Financial income | 75/76B | €52 | €57 | +€5 | +9.1% |
| Recurring financial income | 75 | €52 | €57 | +€5 | +9.1% |
| Financial charges | 65/66B | €134 | €146 | +€12 | +9.0% |
| Recurring financial charges | 65 | €134 | €146 | +€12 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €5,130 | €21,179 | +€16,048 | +313% |
| Income taxes | 67/77 | €4,484 | €7,940 | +€3,455 | +77.1% |
| Profit (loss) for the period | 9904 | €646 | €13,239 | +€12,593 | +1,950% |
| Profit (loss) for the period to be appropriated | 9905 | €646 | €13,239 | +€12,593 | +1,950% |
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.