TxM Advisors: 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.
TxM Advisors
Largest movements
- Financial fixed assets +€683,293
up €683,293 (+19.6%), from €3.5m to €4.2m
- Receivables within one year -€307,418
down €307,418 (-100%), from €307,418 to €0
- Profit (loss) carried forward +€517,750
up €517,750 (+23.8%), from €2.2m to €2.7m
- Debts after one year -€236,882
down €236,882 (-20.7%), from €1.1m to €907,964
of which Financial debts: -€236,882
- Other debts +€107,663
new in 2025: €107,663
- Financial income -€197,129
down €197,129 (-27.7%), from €712,072 to €514,943
- Financial charges +€26,898
up €26,898 (+140%), from €19,150 to €46,048
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.
Derived cash bridge
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 | €3,802,861 | €4,203,388 | +€400,526 | +10.5% |
| Fixed assets | 21/28 | €3,480,900 | €4,164,193 | +€683,293 | +19.6% |
| Financial fixed assets | 28 | €3,480,900 | €4,164,193 | +€683,293 | +19.6% |
| Current assets | 29/58 | €321,961 | €39,194 | -€282,767 | -87.8% |
| Amounts receivable within one year | 40/41 | €307,418 | €0 | -€307,418 | -100% |
| Other amounts receivable | 41 | €307,418 | €0 | -€307,418 | -100% |
| Cash at bank and in hand | 54/58 | €14,543 | €39,194 | +€24,652 | +170% |
| Total equity and liabilities | 10/49 | €3,802,861 | €4,203,388 | +€400,526 | +10.5% |
| Equity | 10/15 | €2,422,649 | €2,940,398 | +€517,750 | +21.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,172,649 | €2,690,398 | +€517,750 | +23.8% |
| Amounts payable | 17/49 | €1,380,213 | €1,262,989 | -€117,224 | -8.5% |
| Amounts payable after more than one year | 17 | €1,144,846 | €907,964 | -€236,882 | -20.7% |
| Financial debts | 170/4 | €607,246 | €370,364 | -€236,882 | -39.0% |
| Other amounts payable | 178/9 | €537,600 | €537,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,366 | €347,168 | +€111,802 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €232,742 | €236,882 | +€4,140 | +1.8% |
| Taxes, remuneration and social security | 45 | €2,624 | €2,623 | -€2 | -0.1% |
| Taxes | 450/3 | €2,624 | €2,623 | -€2 | -0.1% |
| Other amounts payable | 47/48 | - | €107,663 | +€107,663 | |
| Accrued charges and deferred income | 492/3 | €0 | €7,857 | +€7,857 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €49,613 | €49,853 | +€240 | +0.5% |
| Operating profit (loss) | 9901 | €48,645 | €48,854 | +€209 | +0.4% |
| Financial income | 75/76B | €712,072 | €514,943 | -€197,129 | -27.7% |
| Recurring financial income | 75 | €712,072 | €514,943 | -€197,129 | -27.7% |
| Financial charges | 65/66B | €19,150 | €46,048 | +€26,898 | +140% |
| Recurring financial charges | 65 | €19,150 | €46,048 | +€26,898 | +140% |
| Profit (loss) for the period before taxes | 9903 | €741,568 | €517,750 | -€223,818 | -30.2% |
| Profit (loss) for the period | 9904 | €741,568 | €517,750 | -€223,818 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €741,568 | €517,750 | -€223,818 | -30.2% |
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 31 October 2026 via checked.be.