NIEUW TEMSE: 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.
NIEUW TEMSE
Largest movements
- Receivables within one year +€845,667
up €845,667 (+34.8%), from €2.4m to €3.3m
of which Other amounts receivable: +€973,052
- Cash -€651,563
down €651,563 (-92.8%), from €702,211 to €50,648
mainly Contributions, distributions and other (-€2.0m) and Trade debts (-€1.2m)
- Stocks and contracts -€195,321
down €195,321 (-9.7%), from €2.0m to €1.8m
of which Contracts in progress: -€750,104
- Other debts +€2.0m
new in 2025: €2.0m
- Trade debts -€1.2m
down €1.2m (-81.8%), from €1.5m to €263,800
- Reserves -€928,037
down €928,037 (-26.4%), from €3.5m to €2.6m
of which Distributable reserves: -€928,037
- Tax, wage and social debts +€133,191
up €133,191 (+140%), from €95,396 to €228,587
- Turnover -€4.7m
no longer reported in 2025 (was €4.7m)
- Goods and materials -€4.7m
no longer reported in 2025 (was €4.7m)
of which Purchases: -€4.5m
- Gross operating margin +€1.3m
new in 2025: €1.3m
- Services and other goods -€562,183
no longer reported in 2025 (was €562,183)
- Taxes +€342,539
up €342,539 (+5,664%), from €6,048 to €348,587
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 | €5,140,899 | €5,138,394 | -€2,505 | 0.0% |
| Fixed assets | 21/28 | €830 | €0 | -€830 | -100% |
| Tangible fixed assets | 22/27 | €830 | €0 | -€830 | -100% |
| Furniture and vehicles | 24 | €830 | €0 | -€830 | -100% |
| Current assets | 29/58 | €5,140,070 | €5,138,394 | -€1,675 | 0.0% |
| Stocks and contracts in progress | 3 | €2,008,376 | €1,813,055 | -€195,321 | -9.7% |
| Stocks | 30/36 | €1,201,503 | €1,756,286 | +€554,783 | +46.2% |
| Property held for sale | 35 | €1,201,503 | - | -€1.2m | |
| Contracts in progress | 37 | €806,873 | €56,769 | -€750,104 | -93.0% |
| Amounts receivable within one year | 40/41 | €2,429,024 | €3,274,691 | +€845,667 | +34.8% |
| Trade receivables | 40 | €165,801 | €38,416 | -€127,385 | -76.8% |
| Other amounts receivable | 41 | €2,263,223 | €3,236,275 | +€973,052 | +43.0% |
| Cash at bank and in hand | 54/58 | €702,211 | €50,648 | -€651,563 | -92.8% |
| Deferred charges and accrued income | 490/1 | €458 | - | -€458 | |
| Total equity and liabilities | 10/49 | €5,140,899 | €5,138,394 | -€2,505 | 0.0% |
| Equity | 10/15 | €3,571,127 | €2,643,089 | -€928,037 | -26.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,509,127 | €2,581,089 | -€928,037 | -26.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,502,927 | €2,574,889 | -€928,037 | -26.5% |
| Amounts payable | 17/49 | €1,569,772 | €2,495,305 | +€925,532 | +59.0% |
| Amounts payable within one year | 42/48 | €1,568,698 | €2,495,305 | +€926,607 | +59.1% |
| Financial debts | 43 | €2,918 | €2,918 | = | 0.0% |
| Other loans | 439 | €2,918 | €2,918 | = | 0.0% |
| Trade debts | 44 | €1,452,376 | €263,800 | -€1.2m | -81.8% |
| Suppliers | 440/4 | €1,452,376 | €263,800 | -€1.2m | -81.8% |
| Advances received on contracts in progress | 46 | €18,008 | - | -€18,008 | |
| Taxes, remuneration and social security | 45 | €95,396 | €228,587 | +€133,191 | +140% |
| Taxes | 450/3 | €95,396 | €228,587 | +€133,191 | +140% |
| Other amounts payable | 47/48 | - | €2,000,000 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | €1,075 | - | -€1,075 | |
| Operating income | 70/76A | €5,128,784 | - | -€5.1m | |
| Turnover | 70 | €4,722,858 | - | -€4.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €401,395 | - | -€401,395 | |
| Other operating income | 74 | €1,355 | - | -€1,355 | |
| Non-recurring operating income | 76A | €3,176 | €18,008 | +€14,831 | +467% |
| Operating charges | 60/66A | €5,223,035 | - | -€5.2m | |
| Goods for resale, raw materials and consumables | 60 | €4,661,992 | - | -€4.7m | |
| Purchases | 600/8 | €4,540,150 | - | -€4.5m | |
| Change in stocks: decrease (increase) | 609 | €121,842 | - | -€121,842 | |
| Services and other goods | 61 | €562,183 | - | -€562,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €830 | -€917 | -52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,073 | -€8,628 | -€3,555 | -70.1% |
| Other operating charges | 640/8 | €2,186 | €2,134 | -€52 | -2.4% |
| Gross operating margin | 9900 | - | €1,347,376 | +€1.3m | |
| Operating profit (loss) | 9901 | -€94,251 | €1,353,041 | +€1.4m | |
| Financial income | 75/76B | €70,553 | €68,907 | -€1,646 | -2.3% |
| Recurring financial income | 75 | €70,553 | €68,907 | -€1,646 | -2.3% |
| Income from current assets | 751 | €70,553 | - | -€70,553 | |
| Financial charges | 65/66B | €2,503 | €1,398 | -€1,104 | -44.1% |
| Recurring financial charges | 65 | €2,503 | €1,398 | -€1,104 | -44.1% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €2,503 | - | -€2,503 | |
| Profit (loss) for the period before taxes | 9903 | -€26,201 | €1,420,550 | +€1.4m | |
| Income taxes | 67/77 | €6,048 | €348,587 | +€342,539 | +5,664% |
| Taxes | 670/3 | €6,048 | - | -€6,048 | |
| Profit (loss) for the period | 9904 | -€32,249 | €1,071,963 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,249 | €1,071,963 | +€1.1m |
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.