TEx Services: 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 Services
Largest movements
- Tangible fixed assets -€24,228
down €24,228 (-5.8%), from €418,814 to €394,585
of which Furniture and vehicles: -€13,701
- Cash +€20,076
up €20,076 (+316%), from €6,360 to €26,437
mainly Receivables within one year (+€18,455) and Depreciation (+€16,830)
- Receivables within one year -€18,455
down €18,455 (-38.6%), from €47,861 to €29,406
of which Trade receivables: -€18,835
- Debts after one year -€16,037
down €16,037 (-4.6%), from €347,702 to €331,665
- Profit (loss) carried forward -€9,246
down €9,246 (-14.1%), from €65,629 to €56,383
- Gross operating margin -€51,930
down €51,930 (-65.3%), from €79,520 to €27,590
- Taxes -€6,865
down €6,865 (-93.9%), from €7,314 to €450
- Financial charges +€6,407
up €6,407 (+111%), from €5,791 to €12,198
- Depreciation +€1,038
up €1,038 (+6.6%), from €15,792 to €16,830
- Other operating charges +€846
up €846 (+46.1%), from €1,835 to €2,681
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.
Derived cash bridge
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 | €473,345 | €450,738 | -€22,607 | -4.8% |
| Fixed assets | 21/28 | €419,124 | €394,895 | -€24,228 | -5.8% |
| Tangible fixed assets | 22/27 | €418,814 | €394,585 | -€24,228 | -5.8% |
| Land and buildings | 22 | €392,284 | €382,085 | -€10,199 | -2.6% |
| Plant, machinery and equipment | 23 | €1,446 | €1,118 | -€328 | -22.7% |
| Furniture and vehicles | 24 | €25,084 | €11,382 | -€13,701 | -54.6% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €54,221 | €55,843 | +€1,621 | +3.0% |
| Amounts receivable within one year | 40/41 | €47,861 | €29,406 | -€18,455 | -38.6% |
| Trade receivables | 40 | €42,329 | €23,494 | -€18,835 | -44.5% |
| Other amounts receivable | 41 | €5,532 | €5,912 | +€379 | +6.9% |
| Cash at bank and in hand | 54/58 | €6,360 | €26,437 | +€20,076 | +316% |
| Total equity and liabilities | 10/49 | €473,345 | €450,738 | -€22,607 | -4.8% |
| Equity | 10/15 | €86,089 | €76,843 | -€9,246 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,629 | €56,383 | -€9,246 | -14.1% |
| Amounts payable | 17/49 | €387,256 | €373,895 | -€13,361 | -3.5% |
| Amounts payable after more than one year | 17 | €347,702 | €331,665 | -€16,037 | -4.6% |
| Financial debts | 170/4 | €347,702 | €331,665 | -€16,037 | -4.6% |
| Amounts payable within one year | 42/48 | €39,554 | €42,230 | +€2,676 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €8,250 | €12,890 | +€4,640 | +56.2% |
| Trade debts | 44 | €8,053 | €8,351 | +€298 | +3.7% |
| Suppliers | 440/4 | €8,053 | €8,351 | +€298 | +3.7% |
| Taxes, remuneration and social security | 45 | €7,357 | €7,777 | +€420 | +5.7% |
| Taxes | 450/3 | €7,357 | €7,777 | +€420 | +5.7% |
| Other amounts payable | 47/48 | €15,894 | €13,212 | -€2,682 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,792 | €16,830 | +€1,038 | +6.6% |
| Other operating charges | 640/8 | €1,835 | €2,681 | +€846 | +46.1% |
| Non-recurring operating charges | 66A | €60,450 | €4,683 | -€55,767 | -92.3% |
| Gross operating margin | 9900 | €79,520 | €27,590 | -€51,930 | -65.3% |
| Operating profit (loss) | 9901 | €1,443 | €3,396 | +€1,953 | +135% |
| Financial income | 75/76B | €3 | €6 | +€3 | +100% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +100% |
| Financial charges | 65/66B | €5,791 | €12,198 | +€6,407 | +111% |
| Recurring financial charges | 65 | €5,791 | €12,198 | +€6,407 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€4,345 | -€8,796 | -€4,451 | -102% |
| Income taxes | 67/77 | €7,314 | €450 | -€6,865 | -93.9% |
| Profit (loss) for the period | 9904 | -€11,660 | -€9,246 | +€2,414 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,660 | -€9,246 | +€2,414 | +20.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.