TEMCO: what changed
TEMCO
Largest movements
- Cash -€117,849
down €117,849 (-67.9%), from €173,624 to €55,775
mainly Debts after one year (-€191,079) and Receivables within one year (-€44,673)
- Tangible fixed assets -€107,408
down €107,408 (-17.9%), from €598,595 to €491,187
of which Other tangible fixed assets: -€81,692
- Receivables within one year +€44,673
up €44,673 (+21.1%), from €211,761 to €256,434
of which Trade receivables: +€50,765
- Deferred charges and accrued income +€21,277
up €21,277 (+53.7%), from €39,601 to €60,879
- Debts after one year -€191,079
down €191,079 (-29.3%), from €652,449 to €461,370
of which Financial debts: -€128,348
- Trade debts +€48,800
up €48,800 (+21.1%), from €231,106 to €279,906
- Other debts +€17,036
up €17,036 (+10.6%), from €160,894 to €177,930
- Profit (loss) carried forward -€15,723
down €15,723 (-10.4%), from -€151,834 to -€167,556
- Gross operating margin -€158,965
down €158,965 (-41.2%), from €385,988 to €227,023
- Financial charges -€24,954
down €24,954 (-50.6%), from €49,305 to €24,351
- Staff costs -€21,737
down €21,737 (-14.5%), from €149,589 to €127,851
- Depreciation -€9,555
down €9,555 (-7.8%), from €121,963 to €112,408
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,443,199 | €1,282,564 | -€160,635 | -11.1% |
| Fixed assets | 21/28 | €619,892 | €507,483 | -€112,408 | -18.1% |
| Intangible fixed assets | 21 | €21,247 | €16,247 | -€5,000 | -23.5% |
| Tangible fixed assets | 22/27 | €598,595 | €491,187 | -€107,408 | -17.9% |
| Plant, machinery and equipment | 23 | €61,795 | €36,079 | -€25,716 | -41.6% |
| Other tangible fixed assets | 26 | €536,800 | €455,108 | -€81,692 | -15.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €823,308 | €775,081 | -€48,227 | -5.9% |
| Stocks and contracts in progress | 3 | €398,321 | €401,993 | +€3,672 | +0.9% |
| Stocks | 30/36 | €398,321 | €401,993 | +€3,672 | +0.9% |
| Amounts receivable within one year | 40/41 | €211,761 | €256,434 | +€44,673 | +21.1% |
| Trade receivables | 40 | €147,458 | €198,223 | +€50,765 | +34.4% |
| Other amounts receivable | 41 | €64,303 | €58,211 | -€6,092 | -9.5% |
| Cash at bank and in hand | 54/58 | €173,624 | €55,775 | -€117,849 | -67.9% |
| Deferred charges and accrued income | 490/1 | €39,601 | €60,879 | +€21,277 | +53.7% |
| Total equity and liabilities | 10/49 | €1,443,199 | €1,282,564 | -€160,635 | -11.1% |
| Equity | 10/15 | €244,756 | €229,034 | -€15,723 | -6.4% |
| 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 | €334,590 | €334,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €328,390 | €328,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,834 | -€167,556 | -€15,723 | -10.4% |
| Amounts payable | 17/49 | €1,198,443 | €1,053,531 | -€144,912 | -12.1% |
| Amounts payable after more than one year | 17 | €652,449 | €461,370 | -€191,079 | -29.3% |
| Financial debts | 170/4 | €199,486 | €71,137 | -€128,348 | -64.3% |
| Trade debts | 175 | €452,963 | €390,232 | -€62,731 | -13.8% |
| Amounts payable within one year | 42/48 | €523,696 | €582,790 | +€59,094 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €97,466 | €98,182 | +€716 | +0.7% |
| Trade debts | 44 | €231,106 | €279,906 | +€48,800 | +21.1% |
| Suppliers | 440/4 | €231,106 | €279,906 | +€48,800 | +21.1% |
| Taxes, remuneration and social security | 45 | €34,230 | €26,772 | -€7,458 | -21.8% |
| Taxes | 450/3 | €70 | - | -€70 | |
| Remuneration and social security | 454/9 | €34,160 | €26,772 | -€7,387 | -21.6% |
| Other amounts payable | 47/48 | €160,894 | €177,930 | +€17,036 | +10.6% |
| Accrued charges and deferred income | 492/3 | €22,299 | €9,371 | -€12,928 | -58.0% |
| Remuneration, social security and pensions | 62 | €149,589 | €127,851 | -€21,737 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,963 | €112,408 | -€9,555 | -7.8% |
| Other operating charges | 640/8 | €6,628 | €8,739 | +€2,111 | +31.8% |
| Gross operating margin | 9900 | €385,988 | €227,023 | -€158,965 | -41.2% |
| Operating profit (loss) | 9901 | €107,808 | -€21,975 | -€129,783 | |
| Financial income | 75/76B | €30,199 | €30,673 | +€474 | +1.6% |
| Recurring financial income | 75 | €30,199 | €30,673 | +€474 | +1.6% |
| Financial charges | 65/66B | €49,305 | €24,351 | -€24,954 | -50.6% |
| Recurring financial charges | 65 | €49,305 | €24,351 | -€24,954 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €88,702 | -€15,653 | -€104,355 | |
| Income taxes | 67/77 | €72 | €70 | -€2 | -3.2% |
| Profit (loss) for the period | 9904 | €88,630 | -€15,723 | -€104,353 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,630 | -€15,723 | -€104,353 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.