TEMENOS: 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.
TEMENOS
Largest movements
- Tangible fixed assets +€658,198
up €658,198 (+30.6%), from €2.2m to €2.8m
of which Land and buildings: +€697,223
- Financial fixed assets +€105,186
up €105,186 (+575%), from €18,292 to €123,478
- Receivables within one year -€39,312
down €39,312 (-67.7%), from €58,099 to €18,787
of which Other amounts receivable: -€49,267
- Debts after one year +€505,300
up €505,300 (+37.3%), from €1.4m to €1.9m
of which Financial debts: +€512,410
- Other debts +€154,473
up €154,473 (+134%), from €115,000 to €269,473
- Profit (loss) carried forward +€82,255
up €82,255 (+33.7%), from €244,212 to €326,467
- Trade debts -€44,292
down €44,292 (-67.4%), from €65,750 to €21,457
- Current portion of long-term debt +€31,034
up €31,034 (+15.7%), from €198,163 to €229,197
- Depreciation +€22,943
up €22,943 (+23.8%), from €96,387 to €119,329
- Other operating charges +€19,520
up €19,520 (+31.5%), from €61,999 to €81,518
- Taxes +€16,777
up €16,777 (+158%), from €10,641 to €27,418
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 | €2,259,179 | €2,965,157 | +€705,979 | +31.2% |
| Fixed assets | 21/28 | €2,171,618 | €2,935,003 | +€763,384 | +35.2% |
| Tangible fixed assets | 22/27 | €2,153,326 | €2,811,524 | +€658,198 | +30.6% |
| Land and buildings | 22 | €2,061,933 | €2,759,156 | +€697,223 | +33.8% |
| Plant, machinery and equipment | 23 | €4,884 | €3,865 | -€1,019 | -20.9% |
| Furniture and vehicles | 24 | - | €1,069 | +€1,069 | |
| Assets under construction and advance payments | 27 | €86,508 | €47,434 | -€39,074 | -45.2% |
| Financial fixed assets | 28 | €18,292 | €123,478 | +€105,186 | +575% |
| Current assets | 29/58 | €87,560 | €30,154 | -€57,406 | -65.6% |
| Amounts receivable after more than one year | 29 | €1,484 | €1,484 | = | 0.0% |
| Trade receivables | 290 | €1,484 | €1,484 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,099 | €18,787 | -€39,312 | -67.7% |
| Trade receivables | 40 | - | €9,955 | +€9,955 | |
| Other amounts receivable | 41 | €58,099 | €8,831 | -€49,267 | -84.8% |
| Cash at bank and in hand | 54/58 | €27,062 | €9,498 | -€17,564 | -64.9% |
| Deferred charges and accrued income | 490/1 | €915 | €386 | -€529 | -57.8% |
| Total equity and liabilities | 10/49 | €2,259,179 | €2,965,157 | +€705,979 | +31.2% |
| Equity | 10/15 | €479,065 | €560,092 | +€81,027 | +16.9% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €176,253 | €175,025 | -€1,228 | -0.7% |
| Tax-exempt reserves | 132 | €49,165 | €47,938 | -€1,228 | -2.5% |
| Distributable reserves | 133 | €127,088 | €127,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,212 | €326,467 | +€82,255 | +33.7% |
| Provisions and deferred taxes | 16 | €16,388 | €16,252 | -€136 | -0.8% |
| Deferred taxes | 168 | €16,388 | €16,252 | -€136 | -0.8% |
| Amounts payable | 17/49 | €1,763,725 | €2,388,813 | +€625,088 | +35.4% |
| Amounts payable after more than one year | 17 | €1,354,000 | €1,859,299 | +€505,300 | +37.3% |
| Financial debts | 170/4 | €1,346,890 | €1,859,299 | +€512,410 | +38.0% |
| Other amounts payable | 178/9 | €7,110 | - | -€7,110 | |
| Amounts payable within one year | 42/48 | €409,246 | €528,969 | +€119,723 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €198,163 | €229,197 | +€31,034 | +15.7% |
| Trade debts | 44 | €65,750 | €21,457 | -€44,292 | -67.4% |
| Suppliers | 440/4 | €65,750 | €21,457 | -€44,292 | -67.4% |
| Taxes, remuneration and social security | 45 | €30,333 | €8,841 | -€21,492 | -70.9% |
| Taxes | 450/3 | €30,333 | €8,841 | -€21,492 | -70.9% |
| Other amounts payable | 47/48 | €115,000 | €269,473 | +€154,473 | +134% |
| Accrued charges and deferred income | 492/3 | €480 | €545 | +€65 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,387 | €119,329 | +€22,943 | +23.8% |
| Other operating charges | 640/8 | €61,999 | €81,518 | +€19,520 | +31.5% |
| Gross operating margin | 9900 | €363,564 | €360,776 | -€2,788 | -0.8% |
| Operating profit (loss) | 9901 | €205,179 | €159,928 | -€45,250 | -22.1% |
| Financial income | 75/76B | €1,744 | €1,832 | +€88 | +5.0% |
| Recurring financial income | 75 | €1,744 | €0 | -€1,744 | -100.0% |
| Non-recurring financial income | 76B | - | €1,832 | +€1,832 | |
| Financial charges | 65/66B | €52,017 | €53,451 | +€1,434 | +2.8% |
| Recurring financial charges | 65 | €52,017 | €53,451 | +€1,434 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €154,906 | €108,309 | -€46,596 | -30.1% |
| Transfer from deferred taxes | 780 | €665 | €136 | -€529 | -79.5% |
| Income taxes | 67/77 | €10,641 | €27,418 | +€16,777 | +158% |
| Profit (loss) for the period | 9904 | €144,929 | €81,027 | -€63,902 | -44.1% |
| Transfer from tax-exempt reserves | 789 | €1,995 | €1,228 | -€767 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,924 | €82,255 | -€64,669 | -44.0% |
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 24 October 2026 via checked.be.