TEXPERT: 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.
TEXPERT
Largest movements
- Receivables within one year -€59,704
down €59,704 (-59.6%), from €100,092 to €40,387
of which Trade receivables: -€58,883
- Tangible fixed assets +€40,901
up €40,901 (+403%), from €10,140 to €51,041
of which Furniture and vehicles: +€41,258
- Cash +€5,506
up €5,506 (+5.5%), from €99,850 to €105,356
mainly Receivables within one year (+€59,704) and Net result for the year (+€32,911)
- Reserves +€32,911
up €32,911 (+21.8%), from €151,090 to €184,002
- Trade debts -€27,051
down €27,051 (-100.0%), from €27,058 to €7
- Tax, wage and social debts -€18,434
down €18,434 (-62.6%), from €29,433 to €11,000
- Gross operating margin -€34,264
down €34,264 (-39.8%), from €86,197 to €51,933
- Taxes -€8,666
down €8,666 (-52.2%), from €16,596 to €7,930
- Depreciation +€5,568
up €5,568 (+138%), from €4,040 to €9,608
- Financial income +€1,490
up €1,490 (+12,717%), from €12 to €1,502
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 | €210,081 | €198,294 | -€11,787 | -5.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,140 | €51,041 | +€40,901 | +403% |
| Tangible fixed assets | 22/27 | €10,140 | €51,041 | +€40,901 | +403% |
| Plant, machinery and equipment | 23 | €2,133 | €1,776 | -€357 | -16.7% |
| Furniture and vehicles | 24 | €8,007 | €49,265 | +€41,258 | +515% |
| Current assets | 29/58 | €199,941 | €147,253 | -€52,688 | -26.4% |
| Amounts receivable within one year | 40/41 | €100,092 | €40,387 | -€59,704 | -59.6% |
| Trade receivables | 40 | €72,256 | €13,373 | -€58,883 | -81.5% |
| Other amounts receivable | 41 | €27,835 | €27,014 | -€821 | -2.9% |
| Cash at bank and in hand | 54/58 | €99,850 | €105,356 | +€5,506 | +5.5% |
| Deferred charges and accrued income | 490/1 | - | €1,510 | +€1,510 | |
| Total equity and liabilities | 10/49 | €210,081 | €198,294 | -€11,787 | -5.6% |
| Equity | 10/15 | €153,590 | €186,502 | +€32,911 | +21.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €151,090 | €184,002 | +€32,911 | +21.8% |
| Distributable reserves | 133 | €151,090 | €184,002 | +€32,911 | +21.8% |
| Amounts payable | 17/49 | €56,491 | €11,792 | -€44,699 | -79.1% |
| Amounts payable within one year | 42/48 | €56,491 | €11,792 | -€44,699 | -79.1% |
| Financial debts | 43 | - | €786 | +€786 | |
| Credit institutions | 430/8 | - | €786 | +€786 | |
| Trade debts | 44 | €27,058 | €7 | -€27,051 | -100.0% |
| Suppliers | 440/4 | €27,058 | €7 | -€27,051 | -100.0% |
| Taxes, remuneration and social security | 45 | €29,433 | €11,000 | -€18,434 | -62.6% |
| Taxes | 450/3 | €29,433 | €11,000 | -€18,434 | -62.6% |
| Remuneration, social security and pensions | 62 | €290 | - | -€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,040 | €9,608 | +€5,568 | +138% |
| Other operating charges | 640/8 | €323 | €659 | +€336 | +104% |
| Gross operating margin | 9900 | €86,197 | €51,933 | -€34,264 | -39.8% |
| Operating profit (loss) | 9901 | €81,544 | €41,666 | -€39,878 | -48.9% |
| Financial income | 75/76B | €12 | €1,502 | +€1,490 | +12,717% |
| Recurring financial income | 75 | €12 | €1,502 | +€1,490 | +12,717% |
| Financial charges | 65/66B | €2,414 | €2,327 | -€87 | -3.6% |
| Recurring financial charges | 65 | €2,414 | €2,327 | -€87 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €79,142 | €40,841 | -€38,301 | -48.4% |
| Income taxes | 67/77 | €16,596 | €7,930 | -€8,666 | -52.2% |
| Profit (loss) for the period | 9904 | €62,546 | €32,911 | -€29,634 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,546 | €32,911 | -€29,634 | -47.4% |
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 30 October 2026 via checked.be.