TXR: what changed
Two fiscal 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.
TXR
Largest movements
- Cash +€418,268
up €418,268 (+73.8%), from €566,560 to €984,828
mainly Advances received (+€308,513) and Trade debts (+€277,959)
- Receivables within one year -€64,257
down €64,257 (-20.2%), from €318,652 to €254,395
of which Trade receivables: -€65,524
- Stocks and contracts +€61,081
up €61,081 (+10.8%), from €567,264 to €628,345
- Advances received +€308,513
up €308,513, from €0 to €308,513
- Trade debts +€277,959
up €277,959 (+70.1%), from €396,448 to €674,407
- Other debts -€276,349
no longer reported in 2025 (was €276,349)
- Reserves +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Tax, wage and social debts -€116,661
down €116,661 (-50.5%), from €230,991 to €114,330
of which Taxes: -€113,950
- Purchases and services +€1.3m
up €1.3m (+49.0%), from €2.7m to €4.0m
- Turnover +€1.2m
up €1.2m (+36.0%), from €3.4m to €4.6m
- Staff costs -€136,004
down €136,004 (-29.5%), from €460,937 to €324,934
- Gross operating margin -€99,838
down €99,838 (-13.4%), from €743,410 to €643,572
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 | €1,477,017 | €1,891,168 | +€414,150 | +28.0% |
| Fixed assets | 21/28 | €3,849 | €6,683 | +€2,835 | +73.7% |
| Tangible fixed assets | 22/27 | €3,849 | €3,083 | -€765 | -19.9% |
| Furniture and vehicles | 24 | €3,849 | €3,083 | -€765 | -19.9% |
| Financial fixed assets | 28 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €1,473,169 | €1,884,485 | +€411,316 | +27.9% |
| Stocks and contracts in progress | 3 | €567,264 | €628,345 | +€61,081 | +10.8% |
| Stocks | 30/36 | €567,264 | €628,345 | +€61,081 | +10.8% |
| Amounts receivable within one year | 40/41 | €318,652 | €254,395 | -€64,257 | -20.2% |
| Trade receivables | 40 | €263,588 | €198,064 | -€65,524 | -24.9% |
| Other amounts receivable | 41 | €55,064 | €56,331 | +€1,267 | +2.3% |
| Cash at bank and in hand | 54/58 | €566,560 | €984,828 | +€418,268 | +73.8% |
| Deferred charges and accrued income | 490/1 | €20,693 | €16,917 | -€3,776 | -18.2% |
| Total equity and liabilities | 10/49 | €1,477,017 | €1,891,168 | +€414,150 | +28.0% |
| Equity | 10/15 | €523,035 | €743,917 | +€220,882 | +42.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Distributable reserves | 133 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Profit (loss) carried forward | 14 | €73,035 | €93,917 | +€20,882 | +28.6% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €903,982 | €1,097,250 | +€193,268 | +21.4% |
| Amounts payable within one year | 42/48 | €903,982 | €1,097,250 | +€193,268 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €194 | - | -€194 | |
| Trade debts | 44 | €396,448 | €674,407 | +€277,959 | +70.1% |
| Suppliers | 440/4 | €396,448 | €674,407 | +€277,959 | +70.1% |
| Advances received on contracts in progress | 46 | €0 | €308,513 | +€308,513 | |
| Taxes, remuneration and social security | 45 | €230,991 | €114,330 | -€116,661 | -50.5% |
| Taxes | 450/3 | €192,076 | €78,126 | -€113,950 | -59.3% |
| Remuneration and social security | 454/9 | €38,915 | €36,205 | -€2,711 | -7.0% |
| Other amounts payable | 47/48 | €276,349 | - | -€276,349 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €3,400,858 | €4,623,760 | +€1.2m | +36.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,688,644 | €4,006,715 | +€1.3m | +49.0% |
| Remuneration, social security and pensions | 62 | €460,937 | €324,934 | -€136,004 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,256 | €2,687 | +€432 | +19.1% |
| Other operating charges | 640/8 | €1,537 | €1,018 | -€519 | -33.8% |
| Gross operating margin | 9900 | €743,410 | €643,572 | -€99,838 | -13.4% |
| Operating profit (loss) | 9901 | €278,679 | €314,933 | +€36,253 | +13.0% |
| Financial income | 75/76B | €1,445 | €2 | -€1,443 | -99.9% |
| Recurring financial income | 75 | €1,445 | €2 | -€1,443 | -99.9% |
| Financial charges | 65/66B | €26,519 | €13,440 | -€13,079 | -49.3% |
| Recurring financial charges | 65 | €26,519 | €13,440 | -€13,079 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €253,605 | €301,494 | +€47,889 | +18.9% |
| Income taxes | 67/77 | €76,513 | €80,612 | +€4,099 | +5.4% |
| Profit (loss) for the period | 9904 | €177,092 | €220,882 | +€43,790 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €177,092 | €220,882 | +€43,790 | +24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.