TUXEDO: what changed
TUXEDO
Largest movements
- Receivables within one year -€4,995
down €4,995 (-26.0%), from €19,197 to €14,202
of which Trade receivables: -€4,960
- Receivables after one year +€4,221
up €4,221 (+29.3%), from €14,396 to €18,616
- Cash -€801
down €801 (-22.9%), from €3,505 to €2,704
mainly Receivables after one year (-€4,221) and Tax, wage and social debts (-€2,422)
- Tax, wage and social debts -€2,422
down €2,422 (-67.8%), from €3,574 to €1,152
- Reserves +€2,180
up €2,180 (+23.6%), from €9,240 to €11,420
of which Distributable reserves: +€2,180
- Trade debts -€1,670
down €1,670 (-91.3%), from €1,828 to €158
- Gross operating margin -€3,478
down €3,478 (-47.0%), from €7,407 to €3,929
- Taxes -€1,544
down €1,544 (-79.7%), from €1,938 to €394
- Other operating charges +€1,025
up €1,025 (+1,051%), from €98 to €1,122
- Financial income +€551
new in 2025: €551
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,698 | €35,787 | -€1,911 | -5.1% |
| Fixed assets | 21/28 | €601 | €265 | -€336 | -55.9% |
| Tangible fixed assets | 22/27 | €601 | €265 | -€336 | -55.9% |
| Furniture and vehicles | 24 | €601 | €265 | -€336 | -55.9% |
| Current assets | 29/58 | €37,097 | €35,522 | -€1,575 | -4.2% |
| Amounts receivable after more than one year | 29 | €14,396 | €18,616 | +€4,221 | +29.3% |
| Other amounts receivable | 291 | €14,396 | €18,616 | +€4,221 | +29.3% |
| Amounts receivable within one year | 40/41 | €19,197 | €14,202 | -€4,995 | -26.0% |
| Trade receivables | 40 | €19,162 | €14,202 | -€4,960 | -25.9% |
| Other amounts receivable | 41 | €35 | - | -€35 | |
| Cash at bank and in hand | 54/58 | €3,505 | €2,704 | -€801 | -22.9% |
| Total equity and liabilities | 10/49 | €37,698 | €35,787 | -€1,911 | -5.1% |
| Equity | 10/15 | €32,297 | €34,477 | +€2,180 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,240 | €11,420 | +€2,180 | +23.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €7,381 | €9,561 | +€2,180 | +29.5% |
| Profit (loss) carried forward | 14 | €10,657 | €10,657 | = | 0.0% |
| Amounts payable | 17/49 | €5,402 | €1,310 | -€4,092 | -75.7% |
| Amounts payable within one year | 42/48 | €5,402 | €1,310 | -€4,092 | -75.7% |
| Trade debts | 44 | €1,828 | €158 | -€1,670 | -91.3% |
| Suppliers | 440/4 | €1,828 | €158 | -€1,670 | -91.3% |
| Taxes, remuneration and social security | 45 | €3,574 | €1,152 | -€2,422 | -67.8% |
| Taxes | 450/3 | €3,574 | €1,152 | -€2,422 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €336 | = | 0.0% |
| Other operating charges | 640/8 | €98 | €1,122 | +€1,025 | +1,051% |
| Gross operating margin | 9900 | €7,407 | €3,929 | -€3,478 | -47.0% |
| Operating profit (loss) | 9901 | €6,974 | €2,471 | -€4,503 | -64.6% |
| Financial income | 75/76B | - | €551 | +€551 | |
| Recurring financial income | 75 | - | €551 | +€551 | |
| Financial charges | 65/66B | €441 | €447 | +€6 | +1.3% |
| Recurring financial charges | 65 | €441 | €447 | +€6 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €6,532 | €2,575 | -€3,958 | -60.6% |
| Income taxes | 67/77 | €1,938 | €394 | -€1,544 | -79.7% |
| Profit (loss) for the period | 9904 | €4,595 | €2,180 | -€2,414 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,595 | €2,180 | -€2,414 | -52.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.