TX NAS: 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.
TX NAS
Largest movements
- Receivables within one year +€40,024
up €40,024 (+262.0%), from €15,274 to €55,298
- Cash -€5,088
down €5,088 (-44.0%), from €11,554 to €6,466
mainly Receivables within one year (-€40,024) and Investment in fixed assets (net) (-€1,110)
- Tangible fixed assets -€3,650
down €3,650 (-8.6%), from €42,579 to €38,929
- Deferred charges and accrued income -€3,125
no longer reported in 2025 (was €3,125)
- Trade debts +€12,638
up €12,638 (+44.5%), from €28,398 to €41,037
- Tax, wage and social debts +€8,017
up €8,017 (+147.0%), from €5,454 to €13,471
of which Remuneration and social security: +€8,343
- Profit (loss) carried forward +€3,778
up €3,778 (+21.6%), from €17,459 to €21,236
- Other debts +€3,728
up €3,728 (+489.3%), from €762 to €4,490
- Gross operating margin -€17,279
down €17,279 (-39.5%), from €43,708 to €26,428
- Depreciation -€3,234
down €3,234 (-40.5%), from €7,994 to €4,760
- Staff costs +€2,967
up €2,967 (+26.8%), from €11,058 to €14,025
- Other operating charges +€1,716
up €1,716 (+82.2%), from €2,088 to €3,803
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 | €72,533 | €100,694 | +€28,161 | +38.8% |
| Fixed assets | 21/28 | €42,579 | €38,929 | -€3,650 | -8.6% |
| Tangible fixed assets | 22/27 | €42,579 | €38,929 | -€3,650 | -8.6% |
| Furniture and vehicles | 24 | €42,579 | €38,929 | -€3,650 | -8.6% |
| Current assets | 29/58 | €29,953 | €61,764 | +€31,811 | +106.2% |
| Amounts receivable within one year | 40/41 | €15,274 | €55,298 | +€40,024 | +262.0% |
| Trade receivables | 40 | €15,274 | €55,298 | +€40,024 | +262.0% |
| Cash at bank and in hand | 54/58 | €11,554 | €6,466 | -€5,088 | -44.0% |
| Deferred charges and accrued income | 490/1 | €3,125 | - | -€3,125 | |
| Total equity and liabilities | 10/49 | €72,533 | €100,694 | +€28,161 | +38.8% |
| Equity | 10/15 | €37,919 | €41,696 | +€3,778 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,459 | €21,236 | +€3,778 | +21.6% |
| Amounts payable | 17/49 | €34,614 | €58,997 | +€24,384 | +70.4% |
| Amounts payable within one year | 42/48 | €34,614 | €58,997 | +€24,384 | +70.4% |
| Trade debts | 44 | €28,398 | €41,037 | +€12,638 | +44.5% |
| Suppliers | 440/4 | €28,398 | €41,037 | +€12,638 | +44.5% |
| Taxes, remuneration and social security | 45 | €5,454 | €13,471 | +€8,017 | +147.0% |
| Taxes | 450/3 | €2,720 | €2,395 | -€326 | -12.0% |
| Remuneration and social security | 454/9 | €2,733 | €11,076 | +€8,343 | +305.2% |
| Other amounts payable | 47/48 | €762 | €4,490 | +€3,728 | +489.3% |
| Remuneration, social security and pensions | 62 | €11,058 | €14,025 | +€2,967 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,994 | €4,760 | -€3,234 | -40.5% |
| Other operating charges | 640/8 | €2,088 | €3,803 | +€1,716 | +82.2% |
| Gross operating margin | 9900 | €43,708 | €26,428 | -€17,279 | -39.5% |
| Operating profit (loss) | 9901 | €22,569 | €3,840 | -€18,729 | -83.0% |
| Financial charges | 65/66B | €116 | €62 | -€53 | -46.2% |
| Recurring financial charges | 65 | €116 | €62 | -€53 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €22,453 | €3,778 | -€18,675 | -83.2% |
| Profit (loss) for the period | 9904 | €22,453 | €3,778 | -€18,675 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,453 | €3,778 | -€18,675 | -83.2% |
Source: filed annual accounts (NBB), financial 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.