Texworks: 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.
Texworks
Largest movements
- Receivables within one year +€69,251
up €69,251 (+23.1%), from €299,448 to €368,698
of which Trade receivables: +€69,251
- Tangible fixed assets +€47,435
up €47,435 (+32.5%), from €146,138 to €193,573
of which Plant, machinery and equipment: +€48,726
- Tax, wage and social debts +€76,305
up €76,305 (+43.4%), from €175,720 to €252,024
of which Taxes: +€64,512
- Trade debts +€21,279
up €21,279 (+17.1%), from €124,743 to €146,022
- Other debts +€15,000
up €15,000 (+16.2%), from €92,500 to €107,500
- Current portion of long-term debt -€10,718
down €10,718 (-86.3%), from €12,418 to €1,700
- Debts after one year +€6,747
up €6,747 (+215%), from €3,143 to €9,890
- Gross operating margin +€15,578
up €15,578 (+2.6%), from €607,194 to €622,773
- Other operating charges -€15,455
down €15,455 (-41.1%), from €37,594 to €22,140
- Staff costs -€9,854
down €9,854 (-1.8%), from €538,699 to €528,846
- Depreciation +€8,869
up €8,869 (+17.8%), from €49,726 to €58,595
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 | €523,468 | €630,109 | +€106,641 | +20.4% |
| Fixed assets | 21/28 | €160,138 | €207,573 | +€47,435 | +29.6% |
| Tangible fixed assets | 22/27 | €146,138 | €193,573 | +€47,435 | +32.5% |
| Plant, machinery and equipment | 23 | €143,709 | €192,435 | +€48,726 | +33.9% |
| Furniture and vehicles | 24 | €2,429 | €1,138 | -€1,291 | -53.2% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €363,330 | €422,536 | +€59,206 | +16.3% |
| Stocks and contracts in progress | 3 | €13,310 | €12,554 | -€756 | -5.7% |
| Stocks | 30/36 | €13,310 | €12,554 | -€756 | -5.7% |
| Amounts receivable within one year | 40/41 | €299,448 | €368,698 | +€69,251 | +23.1% |
| Trade receivables | 40 | €299,313 | €368,563 | +€69,251 | +23.1% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,574 | €26,605 | -€5,969 | -18.3% |
| Deferred charges and accrued income | 490/1 | €17,998 | €14,679 | -€3,319 | -18.4% |
| Total equity and liabilities | 10/49 | €523,468 | €630,109 | +€106,641 | +20.4% |
| Equity | 10/15 | -€20,789 | -€26,251 | -€5,462 | -26.3% |
| Contributions | 10/11 | €124,690 | €124,690 | = | 0.0% |
| Reserves | 13 | €211 | €211 | = | 0.0% |
| Distributable reserves | 133 | €211 | €211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,690 | -€151,151 | -€5,462 | -3.7% |
| Amounts payable | 17/49 | €544,257 | €656,360 | +€112,103 | +20.6% |
| Amounts payable after more than one year | 17 | €3,143 | €9,890 | +€6,747 | +215% |
| Financial debts | 170/4 | €3,143 | €9,890 | +€6,747 | +215% |
| Amounts payable within one year | 42/48 | €530,995 | €632,246 | +€101,251 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €12,418 | €1,700 | -€10,718 | -86.3% |
| Financial debts | 43 | €125,614 | €125,000 | -€614 | -0.5% |
| Credit institutions | 430/8 | €125,614 | €125,000 | -€614 | -0.5% |
| Trade debts | 44 | €124,743 | €146,022 | +€21,279 | +17.1% |
| Suppliers | 440/4 | €124,743 | €146,022 | +€21,279 | +17.1% |
| Taxes, remuneration and social security | 45 | €175,720 | €252,024 | +€76,305 | +43.4% |
| Taxes | 450/3 | €87,521 | €152,033 | +€64,512 | +73.7% |
| Remuneration and social security | 454/9 | €88,199 | €99,991 | +€11,792 | +13.4% |
| Other amounts payable | 47/48 | €92,500 | €107,500 | +€15,000 | +16.2% |
| Accrued charges and deferred income | 492/3 | €10,119 | €14,224 | +€4,105 | +40.6% |
| Remuneration, social security and pensions | 62 | €538,699 | €528,846 | -€9,854 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,726 | €58,595 | +€8,869 | +17.8% |
| Other operating charges | 640/8 | €37,594 | €22,140 | -€15,455 | -41.1% |
| Gross operating margin | 9900 | €607,194 | €622,773 | +€15,578 | +2.6% |
| Operating profit (loss) | 9901 | -€18,825 | €13,193 | +€32,017 | |
| Financial income | 75/76B | €42 | €629 | +€587 | +1,385% |
| Recurring financial income | 75 | €42 | €629 | +€587 | +1,385% |
| Financial charges | 65/66B | €13,720 | €19,109 | +€5,389 | +39.3% |
| Recurring financial charges | 65 | €13,720 | €19,109 | +€5,389 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,503 | -€5,287 | +€27,215 | +83.7% |
| Income taxes | 67/77 | €165 | €174 | +€10 | +5.9% |
| Profit (loss) for the period | 9904 | -€32,667 | -€5,462 | +€27,206 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,667 | -€5,462 | +€27,206 | +83.3% |
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 21 October 2026 via checked.be.