TUX: 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.
What changed
TUX
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€360
2024 · €22,172-€21,812
Equity
€400,355
2024 · €1.5m-€1.1m
Cash
€10,015
2024 · €3,340+€6,674
Balance sheet total
€1.4m
2024 · €1.7m-€375,011
Largest movements
Assets
- Receivables after one year -€350,000
down €350,000 (-68.3%), from €512,500 to €162,500
- Tangible fixed assets -€51,549
down €51,549 (-6.4%), from €800,534 to €748,985
of which Other tangible fixed assets: -€32,760
Equity and liabilities
- Reserves -€1.1m
down €1.1m (-76.7%), from €1.4m to €337,855
of which Distributable reserves: -€1.1m
- Other debts +€763,603
up €763,603 (+443.2%), from €172,295 to €935,898
Income statement
- Financial charges +€22,588
up €22,588 (+131.4%), from €17,192 to €39,780
- Gross operating margin -€19,812
down €19,812 (-21.0%), from €94,566 to €74,755
- Taxes -€10,279
down €10,279 (-67.0%), from €15,347 to €5,067
- Financial income +€8,302
up €8,302 (+47.7%), from €17,393 to €25,695
- Depreciation -€1,597
down €1,597 (-2.9%), from €54,329 to €52,731
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.
Result 2024
€22,172
Gross operating margin
-€19,812
Depreciation
+€1,597
Other operating charges
+€409
Financial income
+€8,302
Financial charges
-€22,588
Taxes
+€10,279
Result 2025
€360
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.
From operations
+€1.1m
Investment
-€1,168
Financing
-€1.1m
Cash 2024
€3,340
From operations (derived)
+€1.1m
Net result for the year
+€360
Depreciation
+€52,731
Receivables after one year
+€350,000
Receivables within one year
-€13,371
Deferred charges and accrued income
-€6,507
Smaller working-capital items
-€1,468
Tax, wage and social debts
-€5,943
Other debts
+€763,603
Investment (derived)
-€1,168
Investment in fixed assets (net)
-€1,182
Current investments
+€14
Financing
-€1.1m
Debts after one year
-€15,640
Current portion of long-term debt
-€3,456
Short-term financial debts
-€105
Contributions, distributions and other
-€1.1m
Cash 2025
€10,015
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,744,635 | €1,369,623 | -€375,011 | -21.5% |
| Fixed assets | 21/28 | €805,534 | €753,985 | -€51,549 | -6.4% |
| Tangible fixed assets | 22/27 | €800,534 | €748,985 | -€51,549 | -6.4% |
| Land and buildings | 22 | €127,493 | €120,547 | -€6,947 | -5.4% |
| Furniture and vehicles | 24 | €37,872 | €26,029 | -€11,843 | -31.3% |
| Other tangible fixed assets | 26 | €635,169 | €602,409 | -€32,760 | -5.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €939,101 | €615,638 | -€323,462 | -34.4% |
| Amounts receivable after more than one year | 29 | €512,500 | €162,500 | -€350,000 | -68.3% |
| Other amounts receivable | 291 | €512,500 | €162,500 | -€350,000 | -68.3% |
| Amounts receivable within one year | 40/41 | €354,662 | €368,032 | +€13,371 | +3.8% |
| Trade receivables | 40 | €0 | €65,000 | +€65,000 | |
| Other amounts receivable | 41 | €354,662 | €303,032 | -€51,629 | -14.6% |
| Current investments | 50/53 | €14 | €0 | -€14 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,340 | €10,015 | +€6,674 | +199.8% |
| Deferred charges and accrued income | 490/1 | €68,585 | €75,091 | +€6,507 | +9.5% |
| Total equity and liabilities | 10/49 | €1,744,635 | €1,369,623 | -€375,011 | -21.5% |
| Equity | 10/15 | €1,512,357 | €400,355 | -€1.1m | -73.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,449,857 | €337,855 | -€1.1m | -76.7% |
| Non-distributable reserves | 130/1 | €17,250 | €17,250 | = | 0.0% |
| Legal reserve | 130 | €17,250 | €17,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,026 | €32,885 | -€1,141 | -3.4% |
| Distributable reserves | 133 | €1,398,581 | €287,720 | -€1.1m | -79.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,763 | €1,175 | -€588 | -33.3% |
| Deferred taxes | 168 | €1,763 | €1,175 | -€588 | -33.3% |
| Amounts payable | 17/49 | €230,515 | €968,093 | +€737,578 | +320.0% |
| Amounts payable after more than one year | 17 | €15,640 | €0 | -€15,640 | -100.0% |
| Financial debts | 170/4 | €15,640 | €0 | -€15,640 | -100.0% |
| Amounts payable within one year | 42/48 | €212,852 | €966,071 | +€753,218 | +353.9% |
| Current portion of amounts payable after more than one year | 42 | €19,096 | €15,640 | -€3,456 | -18.1% |
| Financial debts | 43 | €105 | €0 | -€105 | -100.0% |
| Credit institutions | 430/8 | €105 | €0 | -€105 | -100.0% |
| Trade debts | 44 | €8,879 | €7,998 | -€881 | -9.9% |
| Suppliers | 440/4 | €8,879 | €7,998 | -€881 | -9.9% |
| Taxes, remuneration and social security | 45 | €12,477 | €6,534 | -€5,943 | -47.6% |
| Taxes | 450/3 | €12,477 | €6,534 | -€5,943 | -47.6% |
| Other amounts payable | 47/48 | €172,295 | €935,898 | +€763,603 | +443.2% |
| Accrued charges and deferred income | 492/3 | €2,022 | €2,022 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,329 | €52,731 | -€1,597 | -2.9% |
| Other operating charges | 640/8 | €3,508 | €3,099 | -€409 | -11.7% |
| Gross operating margin | 9900 | €94,566 | €74,755 | -€19,812 | -21.0% |
| Operating profit (loss) | 9901 | €36,730 | €18,924 | -€17,805 | -48.5% |
| Financial income | 75/76B | €17,393 | €25,695 | +€8,302 | +47.7% |
| Recurring financial income | 75 | €17,393 | €25,695 | +€8,302 | +47.7% |
| Financial charges | 65/66B | €17,192 | €39,780 | +€22,588 | +131.4% |
| Recurring financial charges | 65 | €17,192 | €39,780 | +€22,588 | +131.4% |
| Profit (loss) for the period before taxes | 9903 | €36,931 | €4,840 | -€32,091 | -86.9% |
| Transfer from deferred taxes | 780 | €588 | €588 | = | 0.0% |
| Income taxes | 67/77 | €15,347 | €5,067 | -€10,279 | -67.0% |
| Profit (loss) for the period | 9904 | €22,172 | €360 | -€21,812 | -98.4% |
| Transfer from tax-exempt reserves | 789 | €1,141 | €1,141 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,313 | €1,501 | -€21,812 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.