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
- Tangible fixed assets -€18,592
down €18,592 (-75.3%), from €24,675 to €6,083
- Cash +€16,887
up €16,887 (+113.7%), from €14,857 to €31,744
mainly Net result for the year (+€25,188) and Depreciation (+€18,592)
- Receivables within one year +€13,081
up €13,081 (+84.6%), from €15,458 to €28,539
of which Other amounts receivable: +€12,118
- Profit (loss) carried forward +€25,188
up €25,188 (+98.6%), from €25,557 to €50,745
- Other debts -€6,942
no longer reported in 2025 (was €6,942)
- Trade debts -€6,870
down €6,870 (-30.9%), from €22,241 to €15,371
- Gross operating margin +€13,302
up €13,302 (+41.7%), from €31,914 to €45,216
- Other operating charges -€1,602
down €1,602 (-70.1%), from €2,284 to €682
- Financial income +€602
new in 2025: €602
of which Financial income: +€602
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 | €54,990 | €66,366 | +€11,376 | +20.7% |
| Fixed assets | 21/28 | €24,675 | €6,083 | -€18,592 | -75.3% |
| Tangible fixed assets | 22/27 | €24,675 | €6,083 | -€18,592 | -75.3% |
| Furniture and vehicles | 24 | €24,675 | €6,083 | -€18,592 | -75.3% |
| Current assets | 29/58 | €30,315 | €60,283 | +€29,968 | +98.9% |
| Amounts receivable within one year | 40/41 | €15,458 | €28,539 | +€13,081 | +84.6% |
| Trade receivables | 40 | €15,055 | €16,018 | +€963 | +6.4% |
| Other amounts receivable | 41 | €403 | €12,521 | +€12,118 | +3006.7% |
| Cash at bank and in hand | 54/58 | €14,857 | €31,744 | +€16,887 | +113.7% |
| Total equity and liabilities | 10/49 | €54,990 | €66,366 | +€11,376 | +20.7% |
| Equity | 10/15 | €25,807 | €50,995 | +€25,188 | +97.6% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,557 | €50,745 | +€25,188 | +98.6% |
| Amounts payable | 17/49 | €29,182 | €15,371 | -€13,812 | -47.3% |
| Amounts payable within one year | 42/48 | €29,182 | €15,371 | -€13,812 | -47.3% |
| Trade debts | 44 | €22,241 | €15,371 | -€6,870 | -30.9% |
| Suppliers | 440/4 | €22,241 | €15,371 | -€6,870 | -30.9% |
| Other amounts payable | 47/48 | €6,942 | - | -€6,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,418 | €18,592 | +€174 | +0.9% |
| Other operating charges | 640/8 | €2,284 | €682 | -€1,602 | -70.1% |
| Gross operating margin | 9900 | €31,914 | €45,216 | +€13,302 | +41.7% |
| Operating profit (loss) | 9901 | €11,211 | €25,941 | +€14,730 | +131.4% |
| Financial income | 75/76B | - | €602 | +€602 | |
| Recurring financial income | 75 | - | €602 | +€602 | |
| Non-recurring financial income | 76B | - | €602 | +€602 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €11,138 | €26,468 | +€15,330 | +137.6% |
| Income taxes | 67/77 | €1,321 | €1,280 | -€41 | -3.1% |
| Profit (loss) for the period | 9904 | €9,817 | €25,188 | +€15,371 | +156.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,817 | €25,188 | +€15,371 | +156.6% |
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 9 October 2026 via checked.be.