TEM: 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.
TEM
Largest movements
- Receivables within one year -€162,024
down €162,024 (-62.4%), from €259,571 to €97,546
of which Trade receivables: -€178,478
- Tangible fixed assets -€26,306
down €26,306 (-14.5%), from €181,872 to €155,566
of which Furniture and vehicles: -€22,277
- Cash -€7,424
down €7,424 (-48.4%), from €15,341 to €7,917
mainly Trade debts (-€155,585) and Net result for the year (-€14,182)
- Trade debts -€155,585
down €155,585 (-91.6%), from €169,761 to €14,176
- Profit (loss) carried forward -€17,182
down €17,182 (-10.2%), from €168,856 to €151,674
- Current portion of long-term debt -€11,124
down €11,124 (-58.4%), from €19,049 to €7,925
- Debts after one year -€10,355
down €10,355 (-14.5%), from €71,394 to €61,039
- Gross operating margin -€19,317
down €19,317 (-16.9%), from €114,016 to €94,699
- Taxes +€3,472
up €3,472 (+50.8%), from €6,833 to €10,305
- Depreciation -€3,012
down €3,012 (-7.9%), from €38,213 to €35,201
- Staff costs +€2,982
up €2,982 (+8.5%), from €35,120 to €38,102
- Financial charges -€2,978
down €2,978 (-12.7%), from €23,445 to €20,467
of which Non-recurring financial charges: -€3,510
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,172 | €267,012 | -€193,160 | -42.0% |
| Fixed assets | 21/28 | €183,148 | €156,842 | -€26,306 | -14.4% |
| Tangible fixed assets | 22/27 | €181,872 | €155,566 | -€26,306 | -14.5% |
| Land and buildings | 22 | €131,530 | €128,068 | -€3,461 | -2.6% |
| Plant, machinery and equipment | 23 | €1,136 | €568 | -€568 | -50.0% |
| Furniture and vehicles | 24 | €49,207 | €26,930 | -€22,277 | -45.3% |
| Financial fixed assets | 28 | €1,276 | €1,276 | = | 0.0% |
| Current assets | 29/58 | €277,024 | €110,171 | -€166,853 | -60.2% |
| Amounts receivable within one year | 40/41 | €259,571 | €97,546 | -€162,024 | -62.4% |
| Trade receivables | 40 | €211,051 | €32,573 | -€178,478 | -84.6% |
| Other amounts receivable | 41 | €48,520 | €64,974 | +€16,454 | +33.9% |
| Cash at bank and in hand | 54/58 | €15,341 | €7,917 | -€7,424 | -48.4% |
| Deferred charges and accrued income | 490/1 | €2,113 | €4,708 | +€2,595 | +123% |
| Total equity and liabilities | 10/49 | €460,172 | €267,012 | -€193,160 | -42.0% |
| Equity | 10/15 | €189,307 | €172,125 | -€17,182 | -9.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,856 | €151,674 | -€17,182 | -10.2% |
| Amounts payable | 17/49 | €270,865 | €94,887 | -€175,978 | -65.0% |
| Amounts payable after more than one year | 17 | €71,394 | €61,039 | -€10,355 | -14.5% |
| Financial debts | 170/4 | €71,394 | €61,039 | -€10,355 | -14.5% |
| Amounts payable within one year | 42/48 | €199,471 | €33,848 | -€165,623 | -83.0% |
| Current portion of amounts payable after more than one year | 42 | €19,049 | €7,925 | -€11,124 | -58.4% |
| Trade debts | 44 | €169,761 | €14,176 | -€155,585 | -91.6% |
| Suppliers | 440/4 | €169,761 | €14,176 | -€155,585 | -91.6% |
| Taxes, remuneration and social security | 45 | €5,161 | €8,747 | +€3,586 | +69.5% |
| Taxes | 450/3 | €740 | €4,260 | +€3,520 | +476% |
| Remuneration and social security | 454/9 | €4,421 | €4,487 | +€66 | +1.5% |
| Other amounts payable | 47/48 | €5,500 | €3,000 | -€2,500 | -45.5% |
| Remuneration, social security and pensions | 62 | €35,120 | €38,102 | +€2,982 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,213 | €35,201 | -€3,012 | -7.9% |
| Other operating charges | 640/8 | €4,516 | €4,806 | +€290 | +6.4% |
| Gross operating margin | 9900 | €114,016 | €94,699 | -€19,317 | -16.9% |
| Operating profit (loss) | 9901 | €36,167 | €16,590 | -€19,577 | -54.1% |
| Financial charges | 65/66B | €23,445 | €20,467 | -€2,978 | -12.7% |
| Recurring financial charges | 65 | €367 | €898 | +€531 | +145% |
| Non-recurring financial charges | 66B | €23,079 | €19,569 | -€3,510 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €12,721 | -€3,877 | -€16,599 | |
| Income taxes | 67/77 | €6,833 | €10,305 | +€3,472 | +50.8% |
| Profit (loss) for the period | 9904 | €5,888 | -€14,182 | -€20,070 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,888 | -€14,182 | -€20,070 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.