TEXCELLENCE: what changed
Two fiscal 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.
TEXCELLENCE
Largest movements
- Tangible fixed assets -€23,525
down €23,525 (-4.5%), from €526,049 to €502,525
of which Other tangible fixed assets: -€22,284
- Cash -€6,824
down €6,824 (-78.3%), from €8,711 to €1,887
mainly Net result for the year (-€40,425) and Debts after one year (-€22,524)
- Profit (loss) carried forward -€40,425
down €40,425 (-491.6%), from -€8,222 to -€48,647
- Other debts +€30,958
up €30,958 (+132.1%), from €23,427 to €54,385
- Debts after one year -€22,524
down €22,524 (-6.1%), from €370,758 to €348,234
- Gross operating margin +€15,090
up €15,090, from -€8,873 to €6,217
- Depreciation -€1,739
down €1,739 (-6.9%), from €25,264 to €23,525
- Financial charges -€533
down €533 (-3.9%), from €13,660 to €13,128
- Other operating charges +€424
up €424 (+20.6%), from €2,054 to €2,477
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.
Cash bridge derived
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 | €557,632 | €525,324 | -€32,308 | -5.8% |
| Fixed assets | 21/28 | €526,049 | €502,525 | -€23,525 | -4.5% |
| Tangible fixed assets | 22/27 | €526,049 | €502,525 | -€23,525 | -4.5% |
| Furniture and vehicles | 24 | €1,777 | €535 | -€1,241 | -69.9% |
| Other tangible fixed assets | 26 | €524,273 | €501,989 | -€22,284 | -4.3% |
| Current assets | 29/58 | €31,583 | €22,799 | -€8,784 | -27.8% |
| Amounts receivable within one year | 40/41 | €22,290 | €20,076 | -€2,214 | -9.9% |
| Trade receivables | 40 | €19,297 | €19,297 | = | 0.0% |
| Other amounts receivable | 41 | €2,993 | €779 | -€2,214 | -74.0% |
| Cash at bank and in hand | 54/58 | €8,711 | €1,887 | -€6,824 | -78.3% |
| Deferred charges and accrued income | 490/1 | €582 | €836 | +€254 | +43.7% |
| Total equity and liabilities | 10/49 | €557,632 | €525,324 | -€32,308 | -5.8% |
| Equity | 10/15 | €130,635 | €90,210 | -€40,425 | -30.9% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €124,857 | €124,857 | = | 0.0% |
| Distributable reserves | 133 | €124,857 | €124,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,222 | -€48,647 | -€40,425 | -491.6% |
| Amounts payable | 17/49 | €426,997 | €435,114 | +€8,117 | +1.9% |
| Amounts payable after more than one year | 17 | €370,758 | €348,234 | -€22,524 | -6.1% |
| Financial debts | 170/4 | €370,758 | €348,234 | -€22,524 | -6.1% |
| Amounts payable within one year | 42/48 | €52,207 | €81,977 | +€29,770 | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €22,172 | €22,524 | +€352 | +1.6% |
| Trade debts | 44 | €6,003 | €4,746 | -€1,257 | -20.9% |
| Suppliers | 440/4 | €6,003 | €4,746 | -€1,257 | -20.9% |
| Taxes, remuneration and social security | 45 | €605 | €323 | -€283 | -46.7% |
| Taxes | 450/3 | €605 | €323 | -€283 | -46.7% |
| Other amounts payable | 47/48 | €23,427 | €54,385 | +€30,958 | +132.1% |
| Accrued charges and deferred income | 492/3 | €4,033 | €4,903 | +€870 | +21.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,264 | €23,525 | -€1,739 | -6.9% |
| Other operating charges | 640/8 | €2,054 | €2,477 | +€424 | +20.6% |
| Non-recurring operating charges | 66A | €2,037 | €7,189 | +€5,152 | +252.9% |
| Gross operating margin | 9900 | -€8,873 | €6,217 | +€15,090 | |
| Operating profit (loss) | 9901 | -€38,228 | -€26,975 | +€11,253 | +29.4% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100.0% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100.0% |
| Financial charges | 65/66B | €13,660 | €13,128 | -€533 | -3.9% |
| Recurring financial charges | 65 | €13,660 | €13,128 | -€533 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,861 | -€40,102 | +€11,758 | +22.7% |
| Income taxes | 67/77 | €314 | €323 | +€9 | +2.7% |
| Profit (loss) for the period | 9904 | -€52,175 | -€40,425 | +€11,750 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,175 | -€40,425 | +€11,750 | +22.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.