TEx Services: 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.
TEx Services
Largest movements
- Cash +€18,898
up €18,898 (+71.5%), from €26,437 to €45,335
mainly Depreciation (+€16,653) and Net result for the year (+€7,712)
- Tangible fixed assets -€16,653
down €16,653 (-4.2%), from €394,585 to €377,933
of which Land and buildings: -€10,098
- Debts after one year -€13,000
down €13,000 (-3.9%), from €331,665 to €318,665
- Profit (loss) carried forward +€7,712
up €7,712 (+13.7%), from €56,383 to €64,095
- Trade debts +€5,440
up €5,440 (+65.1%), from €8,351 to €13,791
- Gross operating margin +€12,929
up €12,929 (+46.9%), from €27,590 to €40,519
- Financial charges +€878
up €878 (+7.2%), from €12,198 to €13,076
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 | €450,738 | €454,580 | +€3,842 | +0.9% |
| Fixed assets | 21/28 | €394,895 | €378,243 | -€16,653 | -4.2% |
| Tangible fixed assets | 22/27 | €394,585 | €377,933 | -€16,653 | -4.2% |
| Land and buildings | 22 | €382,085 | €371,987 | -€10,098 | -2.6% |
| Plant, machinery and equipment | 23 | €1,118 | €790 | -€328 | -29.3% |
| Furniture and vehicles | 24 | €11,382 | €5,156 | -€6,226 | -54.7% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €55,843 | €76,337 | +€20,494 | +36.7% |
| Amounts receivable within one year | 40/41 | €29,406 | €30,674 | +€1,269 | +4.3% |
| Trade receivables | 40 | €23,494 | €27,775 | +€4,281 | +18.2% |
| Other amounts receivable | 41 | €5,912 | €2,899 | -€3,012 | -51.0% |
| Cash at bank and in hand | 54/58 | €26,437 | €45,335 | +€18,898 | +71.5% |
| Deferred charges and accrued income | 490/1 | - | €327 | +€327 | |
| Total equity and liabilities | 10/49 | €450,738 | €454,580 | +€3,842 | +0.9% |
| Equity | 10/15 | €76,843 | €84,555 | +€7,712 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| 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 | €56,383 | €64,095 | +€7,712 | +13.7% |
| Amounts payable | 17/49 | €373,895 | €370,025 | -€3,870 | -1.0% |
| Amounts payable after more than one year | 17 | €331,665 | €318,665 | -€13,000 | -3.9% |
| Financial debts | 170/4 | €331,665 | €318,665 | -€13,000 | -3.9% |
| Amounts payable within one year | 42/48 | €42,230 | €51,360 | +€9,130 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €12,890 | €12,960 | +€70 | +0.5% |
| Trade debts | 44 | €8,351 | €13,791 | +€5,440 | +65.1% |
| Suppliers | 440/4 | €8,351 | €13,791 | +€5,440 | +65.1% |
| Taxes, remuneration and social security | 45 | €7,777 | €7,432 | -€345 | -4.4% |
| Taxes | 450/3 | €7,777 | €7,432 | -€345 | -4.4% |
| Other amounts payable | 47/48 | €13,212 | €17,178 | +€3,965 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,830 | €16,653 | -€178 | -1.1% |
| Other operating charges | 640/8 | €2,681 | €2,413 | -€268 | -10.0% |
| Non-recurring operating charges | 66A | €4,683 | - | -€4,683 | |
| Gross operating margin | 9900 | €27,590 | €40,519 | +€12,929 | +46.9% |
| Operating profit (loss) | 9901 | €3,396 | €21,454 | +€18,058 | +532% |
| Financial income | 75/76B | €6 | €0 | -€6 | -92.3% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -92.3% |
| Financial charges | 65/66B | €12,198 | €13,076 | +€878 | +7.2% |
| Recurring financial charges | 65 | €12,198 | €13,076 | +€878 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,796 | €8,378 | +€17,175 | |
| Income taxes | 67/77 | €450 | €667 | +€217 | +48.3% |
| Profit (loss) for the period | 9904 | -€9,246 | €7,712 | +€16,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,246 | €7,712 | +€16,958 |
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.