TEXFINITY: 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.
TEXFINITY
Largest movements
- Cash +€1.6m
up €1.6m (+838.9%), from €191,724 to €1.8m
mainly Accrued charges and deferred income (+€2.4m) and Net result for the year (+€781,906)
- Deferred charges and accrued income -€163,465
down €163,465 (-6.2%), from €2.6m to €2.5m
- Receivables within one year +€87,935
up €87,935 (+16.1%), from €544,572 to €632,508
of which Trade receivables: +€151,281
- Accrued charges and deferred income +€2.4m
up €2.4m (+4881.3%), from €49,506 to €2.5m
- Short-term financial debts -€1.7m
down €1.7m (-97.4%), from €1.8m to €46,264
- Trade debts +€460,986
up €460,986 (+84.4%), from €545,914 to €1.0m
- Reserves +€381,906
up €381,906 (+104.1%), from €366,870 to €748,776
of which Distributable reserves: +€381,906
- Advances received -€162,225
down €162,225 (-100.0%), from €162,225 to €0
- Gross operating margin +€470,096
up €470,096 (+40.9%), from €1.2m to €1.6m
- Staff costs +€140,905
up €140,905 (+38.6%), from €365,486 to €506,392
- Depreciation +€65,979
up €65,979 (+94.5%), from €69,823 to €135,801
- Taxes +€46,891
up €46,891 (+47.8%), from €98,109 to €145,000
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 | €3,940,222 | €5,428,546 | +€1.5m | +37.8% |
| Fixed assets | 21/28 | €298,983 | €219,091 | -€79,892 | -26.7% |
| Intangible fixed assets | 21 | €69,416 | €20,509 | -€48,907 | -70.5% |
| Tangible fixed assets | 22/27 | €229,567 | €198,582 | -€30,985 | -13.5% |
| Plant, machinery and equipment | 23 | €2,651 | €8,731 | +€6,080 | +229.4% |
| Furniture and vehicles | 24 | €8,641 | €33,157 | +€24,517 | +283.7% |
| Other tangible fixed assets | 26 | €218,275 | €156,693 | -€61,582 | -28.2% |
| Current assets | 29/58 | €3,641,239 | €5,209,455 | +€1.6m | +43.1% |
| Stocks and contracts in progress | 3 | €267,933 | €303,226 | +€35,293 | +13.2% |
| Stocks | 30/36 | €267,933 | €303,226 | +€35,293 | +13.2% |
| Amounts receivable within one year | 40/41 | €544,572 | €632,508 | +€87,935 | +16.1% |
| Trade receivables | 40 | €392,502 | €543,783 | +€151,281 | +38.5% |
| Other amounts receivable | 41 | €152,071 | €88,725 | -€63,346 | -41.7% |
| Cash at bank and in hand | 54/58 | €191,724 | €1,800,177 | +€1.6m | +838.9% |
| Deferred charges and accrued income | 490/1 | €2,637,010 | €2,473,545 | -€163,465 | -6.2% |
| Total equity and liabilities | 10/49 | €3,940,222 | €5,428,546 | +€1.5m | +37.8% |
| Equity | 10/15 | €808,370 | €1,190,276 | +€381,906 | +47.2% |
| Contributions | 10/11 | €441,500 | €441,500 | = | 0.0% |
| Capital | 10 | €441,500 | €441,500 | = | 0.0% |
| Issued capital | 100 | €441,500 | €441,500 | = | 0.0% |
| Reserves | 13 | €366,870 | €748,776 | +€381,906 | +104.1% |
| Non-distributable reserves | 130/1 | €44,150 | €44,150 | = | 0.0% |
| Legal reserve | 130 | €44,150 | €44,150 | = | 0.0% |
| Distributable reserves | 133 | €322,720 | €704,626 | +€381,906 | +118.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,131,852 | €4,238,270 | +€1.1m | +35.3% |
| Amounts payable after more than one year | 17 | €165,923 | €42,404 | -€123,518 | -74.4% |
| Financial debts | 170/4 | €165,923 | €42,404 | -€123,518 | -74.4% |
| Amounts payable within one year | 42/48 | €2,916,423 | €1,729,794 | -€1.2m | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €118,163 | €123,518 | +€5,356 | +4.5% |
| Financial debts | 43 | €1,781,335 | €46,264 | -€1.7m | -97.4% |
| Credit institutions | 430/8 | €1,781,335 | €46,264 | -€1.7m | -97.4% |
| Trade debts | 44 | €545,914 | €1,006,900 | +€460,986 | +84.4% |
| Suppliers | 440/4 | €545,914 | €1,006,900 | +€460,986 | +84.4% |
| Advances received on contracts in progress | 46 | €162,225 | €0 | -€162,225 | -100.0% |
| Taxes, remuneration and social security | 45 | €48,787 | €153,113 | +€104,326 | +213.8% |
| Taxes | 450/3 | €1,698 | €69,882 | +€68,184 | +4016.1% |
| Remuneration and social security | 454/9 | €47,089 | €83,231 | +€36,142 | +76.8% |
| Other amounts payable | 47/48 | €260,000 | €400,000 | +€140,000 | +53.8% |
| Accrued charges and deferred income | 492/3 | €49,506 | €2,466,072 | +€2.4m | +4881.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €365,486 | €506,392 | +€140,905 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,823 | €135,801 | +€65,979 | +94.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,079 | €0 | +€12,079 | |
| Other operating charges | 640/8 | €13,513 | €3,807 | -€9,706 | -71.8% |
| Gross operating margin | 9900 | €1,150,153 | €1,620,249 | +€470,096 | +40.9% |
| Operating profit (loss) | 9901 | €713,410 | €974,249 | +€260,839 | +36.6% |
| Financial income | 75/76B | €3,351 | €10,966 | +€7,615 | +227.2% |
| Recurring financial income | 75 | €3,351 | €10,966 | +€7,615 | +227.2% |
| Financial charges | 65/66B | €70,715 | €58,309 | -€12,407 | -17.5% |
| Recurring financial charges | 65 | €70,715 | €58,309 | -€12,407 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €646,046 | €926,906 | +€280,860 | +43.5% |
| Income taxes | 67/77 | €98,109 | €145,000 | +€46,891 | +47.8% |
| Profit (loss) for the period | 9904 | €547,936 | €781,906 | +€233,970 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €547,936 | €781,906 | +€233,970 | +42.7% |
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 30 September 2026 via checked.be.