TEMMERMAN: 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.
TEMMERMAN
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Stocks and contracts -€10,116
down €10,116 (-5.6%), from €182,080 to €171,964
- Tangible fixed assets +€7,294
up €7,294 (+15.5%), from €47,103 to €54,397
of which Other tangible fixed assets: +€5,952
- Cash +€6,614
up €6,614 (+16.0%), from €41,294 to €47,908
mainly Other debts (+€42,212) and Net result for the year (+€18,959)
- Receivables within one year -€3,912
down €3,912 (-8.2%), from €47,635 to €43,724
of which Other amounts receivable: -€4,632
- Other debts +€42,212
new in 2025: €42,212
- Reserves -€23,253
down €23,253 (-10.3%), from €226,301 to €203,048
of which Distributable reserves: -€23,253
- Trade debts +€15,352
up €15,352 (+42.8%), from €35,850 to €51,202
- Debts after one year -€4,986
down €4,986 (-27.6%), from €18,080 to €13,095
- Gross operating margin +€12,158
up €12,158 (+24.0%), from €50,558 to €62,716
- Taxes +€9,362
up €9,362 (+133.4%), from €7,019 to €16,381
- Depreciation -€1,491
down €1,491 (-28.4%), from €5,252 to €3,761
- Staff costs +€870
up €870 (+4.9%), from €17,653 to €18,523
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 | €319,897 | €349,257 | +€29,361 | +9.2% |
| Fixed assets | 21/28 | €47,103 | €54,397 | +€7,294 | +15.5% |
| Tangible fixed assets | 22/27 | €47,103 | €54,397 | +€7,294 | +15.5% |
| Land and buildings | 22 | €37,956 | €36,946 | -€1,011 | -2.7% |
| Plant, machinery and equipment | 23 | €3,439 | €6,288 | +€2,849 | +82.8% |
| Furniture and vehicles | 24 | €1,130 | €634 | -€496 | -43.9% |
| Other tangible fixed assets | 26 | €4,578 | €10,529 | +€5,952 | +130.0% |
| Current assets | 29/58 | €272,794 | €294,860 | +€22,066 | +8.1% |
| Stocks and contracts in progress | 3 | €182,080 | €171,964 | -€10,116 | -5.6% |
| Stocks | 30/36 | €182,080 | €171,964 | -€10,116 | -5.6% |
| Amounts receivable within one year | 40/41 | €47,635 | €43,724 | -€3,912 | -8.2% |
| Trade receivables | 40 | €42,139 | €42,859 | +€720 | +1.7% |
| Other amounts receivable | 41 | €5,496 | €864 | -€4,632 | -84.3% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €41,294 | €47,908 | +€6,614 | +16.0% |
| Deferred charges and accrued income | 490/1 | €1,784 | €1,264 | -€519 | -29.1% |
| Total equity and liabilities | 10/49 | €319,897 | €349,257 | +€29,361 | +9.2% |
| Equity | 10/15 | €245,418 | €222,165 | -€23,253 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,301 | €203,048 | -€23,253 | -10.3% |
| Tax-exempt reserves | 132 | €10,954 | €10,954 | = | 0.0% |
| Distributable reserves | 133 | €215,346 | €192,093 | -€23,253 | -10.8% |
| Profit (loss) carried forward | 14 | €517 | €517 | = | 0.0% |
| Amounts payable | 17/49 | €74,478 | €127,092 | +€52,614 | +70.6% |
| Amounts payable after more than one year | 17 | €18,080 | €13,095 | -€4,986 | -27.6% |
| Financial debts | 170/4 | €18,080 | €13,095 | -€4,986 | -27.6% |
| Amounts payable within one year | 42/48 | €56,398 | €113,997 | +€57,599 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €4,940 | €4,986 | +€46 | +0.9% |
| Financial debts | 43 | €10,996 | €7,539 | -€3,457 | -31.4% |
| Credit institutions | 430/8 | €10,996 | €7,539 | -€3,457 | -31.4% |
| Trade debts | 44 | €35,850 | €51,202 | +€15,352 | +42.8% |
| Suppliers | 440/4 | €35,850 | €51,202 | +€15,352 | +42.8% |
| Taxes, remuneration and social security | 45 | €4,613 | €8,059 | +€3,446 | +74.7% |
| Taxes | 450/3 | €2,171 | €3,618 | +€1,448 | +66.7% |
| Remuneration and social security | 454/9 | €2,442 | €4,440 | +€1,998 | +81.8% |
| Other amounts payable | 47/48 | - | €42,212 | +€42,212 | |
| Non-recurring operating income | 76A | - | €4,595 | +€4,595 | |
| Remuneration, social security and pensions | 62 | €17,653 | €18,523 | +€870 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,252 | €3,761 | -€1,491 | -28.4% |
| Other operating charges | 640/8 | €1,353 | €928 | -€425 | -31.4% |
| Gross operating margin | 9900 | €50,558 | €62,716 | +€12,158 | +24.0% |
| Operating profit (loss) | 9901 | €26,299 | €39,505 | +€13,205 | +50.2% |
| Financial income | 75/76B | €2 | €467 | +€465 | +29819.2% |
| Recurring financial income | 75 | €2 | €467 | +€465 | +29819.2% |
| Financial charges | 65/66B | €4,250 | €4,631 | +€381 | +9.0% |
| Recurring financial charges | 65 | €4,250 | €4,631 | +€381 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €22,052 | €35,340 | +€13,289 | +60.3% |
| Income taxes | 67/77 | €7,019 | €16,381 | +€9,362 | +133.4% |
| Profit (loss) for the period | 9904 | €15,032 | €18,959 | +€3,927 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,032 | €18,959 | +€3,927 | +26.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.