TEXCODECK: 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.
TEXCODECK
Largest movements
- Cash +€592,314
up €592,314 (+413.3%), from €143,318 to €735,632
mainly Net result for the year (+€704,734) and Other debts (+€396,415)
- Intangible fixed assets +€72,412
new in 2025: €72,412
- Stocks and contracts -€43,968
down €43,968 (-28.6%), from €153,889 to €109,921
- Financial fixed assets +€40,500
new in 2025: €40,500
- Other debts +€396,415
up €396,415 (+1603.4%), from €24,723 to €421,139
- Profit (loss) carried forward +€304,734
up €304,734, from -€78,202 to €226,531
- Tax, wage and social debts -€73,860
down €73,860 (-40.9%), from €180,461 to €106,601
of which Taxes: -€54,703
- Trade debts +€73,430
up €73,430 (+26.4%), from €277,869 to €351,298
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Gross operating margin +€599,744
up €599,744 (+97.1%), from €617,421 to €1.2m
- Financial charges +€39,414
up €39,414 (+136.9%), from €28,789 to €68,203
- Write-downs -€32,422
down €32,422, from €21,669 to -€10,753
- Depreciation -€27,437
down €27,437 (-36.0%), from €76,135 to €48,698
- Other operating charges -€26,870
down €26,870 (-72.2%), from €37,215 to €10,344
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 | €566,048 | €1,212,596 | +€646,548 | +114.2% |
| Fixed assets | 21/28 | €126,773 | €228,867 | +€102,094 | +80.5% |
| Intangible fixed assets | 21 | - | €72,412 | +€72,412 | |
| Tangible fixed assets | 22/27 | €126,773 | €115,955 | -€10,817 | -8.5% |
| Furniture and vehicles | 24 | €30,948 | €24,749 | -€6,199 | -20.0% |
| Other tangible fixed assets | 26 | €95,824 | €91,206 | -€4,618 | -4.8% |
| Financial fixed assets | 28 | - | €40,500 | +€40,500 | |
| Current assets | 29/58 | €439,275 | €983,729 | +€544,454 | +123.9% |
| Stocks and contracts in progress | 3 | €153,889 | €109,921 | -€43,968 | -28.6% |
| Stocks | 30/36 | €153,889 | €109,921 | -€43,968 | -28.6% |
| Amounts receivable within one year | 40/41 | €135,435 | €132,353 | -€3,082 | -2.3% |
| Trade receivables | 40 | €108,705 | €37,993 | -€70,712 | -65.0% |
| Other amounts receivable | 41 | €26,731 | €94,361 | +€67,630 | +253.0% |
| Cash at bank and in hand | 54/58 | €143,318 | €735,632 | +€592,314 | +413.3% |
| Deferred charges and accrued income | 490/1 | €6,633 | €5,822 | -€811 | -12.2% |
| Total equity and liabilities | 10/49 | €566,048 | €1,212,596 | +€646,548 | +114.2% |
| Equity | 10/15 | €8,358 | €313,091 | +€304,734 | +3646.2% |
| Contributions | 10/11 | €78,200 | €78,200 | = | 0.0% |
| Reserves | 13 | €8,360 | €8,360 | = | 0.0% |
| Distributable reserves | 133 | €8,360 | €8,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,202 | €226,531 | +€304,734 | |
| Amounts payable | 17/49 | €557,690 | €899,505 | +€341,815 | +61.3% |
| Amounts payable after more than one year | 17 | €20,000 | €12,505 | -€7,495 | -37.5% |
| Financial debts | 170/4 | €20,000 | €12,505 | -€7,495 | -37.5% |
| Amounts payable within one year | 42/48 | €536,056 | €882,865 | +€346,810 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €3,003 | €3,827 | +€824 | +27.5% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €277,869 | €351,298 | +€73,430 | +26.4% |
| Suppliers | 440/4 | €277,869 | €351,298 | +€73,430 | +26.4% |
| Taxes, remuneration and social security | 45 | €180,461 | €106,601 | -€73,860 | -40.9% |
| Taxes | 450/3 | €90,124 | €35,421 | -€54,703 | -60.7% |
| Remuneration and social security | 454/9 | €90,337 | €71,180 | -€19,157 | -21.2% |
| Other amounts payable | 47/48 | €24,723 | €421,139 | +€396,415 | +1603.4% |
| Accrued charges and deferred income | 492/3 | €1,635 | €4,135 | +€2,500 | +152.9% |
| Non-recurring operating income | 76A | - | €87,662 | +€87,662 | |
| Remuneration, social security and pensions | 62 | €378,048 | €351,657 | -€26,391 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,135 | €48,698 | -€27,437 | -36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,669 | -€10,753 | -€32,422 | |
| Other operating charges | 640/8 | €37,215 | €10,344 | -€26,870 | -72.2% |
| Non-recurring operating charges | 66A | - | €20,614 | +€20,614 | |
| Gross operating margin | 9900 | €617,421 | €1,217,165 | +€599,744 | +97.1% |
| Operating profit (loss) | 9901 | €104,355 | €796,604 | +€692,250 | +663.4% |
| Financial income | 75/76B | €2,181 | €1,456 | -€725 | -33.2% |
| Recurring financial income | 75 | €2,181 | €1,456 | -€725 | -33.2% |
| Financial charges | 65/66B | €28,789 | €68,203 | +€39,414 | +136.9% |
| Recurring financial charges | 65 | €28,789 | €68,203 | +€39,414 | +136.9% |
| Profit (loss) for the period before taxes | 9903 | €77,747 | €729,857 | +€652,110 | +838.8% |
| Income taxes | 67/77 | €609 | €25,124 | +€24,515 | +4028.4% |
| Profit (loss) for the period | 9904 | €77,139 | €704,734 | +€627,595 | +813.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,139 | €704,734 | +€627,595 | +813.6% |
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 9 October 2026 via checked.be.