TEMANCO: what changed
Two fiscal 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.
TEMANCO
Largest movements
- Tangible fixed assets +€369,641
up €369,641 (+105.6%), from €350,166 to €719,808
of which Land and buildings: +€402,171
- Receivables within one year -€13,307
down €13,307 (-37.2%), from €35,790 to €22,484
of which Trade receivables: -€12,837
- Debts after one year +€187,413
up €187,413 (+121.8%), from €153,871 to €341,284
- Other debts +€70,424
up €70,424 (+93.2%), from €75,586 to €146,010
- Reserves +€50,187
up €50,187 (+32.3%), from €155,466 to €205,652
- Current portion of long-term debt +€47,109
up €47,109 (+304.3%), from €15,479 to €62,587
- Gross operating margin +€95,559
up €95,559 (+46.7%), from €204,517 to €300,076
- Depreciation +€60,447
up €60,447 (+196.8%), from €30,712 to €91,159
- Taxes +€8,303
up €8,303 (+21.8%), from €38,079 to €46,382
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 | €433,575 | €795,887 | +€362,312 | +83.6% |
| Fixed assets | 21/28 | €350,166 | €719,808 | +€369,641 | +105.6% |
| Tangible fixed assets | 22/27 | €350,166 | €719,808 | +€369,641 | +105.6% |
| Land and buildings | 22 | €242,473 | €644,643 | +€402,171 | +165.9% |
| Furniture and vehicles | 24 | €105,170 | €73,453 | -€31,717 | -30.2% |
| Other tangible fixed assets | 26 | €2,524 | €1,712 | -€812 | -32.2% |
| Current assets | 29/58 | €83,408 | €76,080 | -€7,329 | -8.8% |
| Amounts receivable within one year | 40/41 | €35,790 | €22,484 | -€13,307 | -37.2% |
| Trade receivables | 40 | €34,173 | €21,335 | -€12,837 | -37.6% |
| Other amounts receivable | 41 | €1,618 | €1,148 | -€469 | -29.0% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,041 | €41,916 | +€1,875 | +4.7% |
| Deferred charges and accrued income | 490/1 | €5,077 | €9,180 | +€4,103 | +80.8% |
| Total equity and liabilities | 10/49 | €433,575 | €795,887 | +€362,312 | +83.6% |
| Equity | 10/15 | €174,066 | €224,252 | +€50,187 | +28.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,466 | €205,652 | +€50,187 | +32.3% |
| Distributable reserves | 133 | €155,466 | €205,652 | +€50,187 | +32.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,509 | €571,635 | +€312,126 | +120.3% |
| Amounts payable after more than one year | 17 | €153,871 | €341,284 | +€187,413 | +121.8% |
| Financial debts | 170/4 | €153,871 | €341,284 | +€187,413 | +121.8% |
| Amounts payable within one year | 42/48 | €100,337 | €226,126 | +€125,788 | +125.4% |
| Current portion of amounts payable after more than one year | 42 | €15,479 | €62,587 | +€47,109 | +304.3% |
| Trade debts | 44 | €3,644 | €6,952 | +€3,308 | +90.8% |
| Suppliers | 440/4 | €3,644 | €6,952 | +€3,308 | +90.8% |
| Taxes, remuneration and social security | 45 | €5,629 | €10,577 | +€4,948 | +87.9% |
| Taxes | 450/3 | €5,629 | €10,577 | +€4,948 | +87.9% |
| Other amounts payable | 47/48 | €75,586 | €146,010 | +€70,424 | +93.2% |
| Accrued charges and deferred income | 492/3 | €5,301 | €4,225 | -€1,075 | -20.3% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,712 | €91,159 | +€60,447 | +196.8% |
| Other operating charges | 640/8 | €1,955 | €4,789 | +€2,833 | +144.9% |
| Gross operating margin | 9900 | €204,517 | €300,076 | +€95,559 | +46.7% |
| Operating profit (loss) | 9901 | €171,850 | €204,129 | +€32,279 | +18.8% |
| Financial income | 75/76B | €102 | €102 | +€1 | +0.9% |
| Recurring financial income | 75 | €102 | €102 | +€1 | +0.9% |
| Financial charges | 65/66B | €8,145 | €7,663 | -€482 | -5.9% |
| Recurring financial charges | 65 | €8,145 | €7,663 | -€482 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €163,806 | €196,568 | +€32,762 | +20.0% |
| Income taxes | 67/77 | €38,079 | €46,382 | +€8,303 | +21.8% |
| Profit (loss) for the period | 9904 | €125,727 | €150,187 | +€24,459 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €125,727 | €150,187 | +€24,459 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.