TEMPCO: 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.
What changed
TEMPCO
NACE 46.646, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€140,745
2024 · €6,779-€147,524
Equity
€176,864
2024 · €317,544-€140,679
Cash
€192,076
2024 · €150,132+€41,944
Balance sheet total
€1.6m
2024 · €1.7m-€128,687
Largest movements
Assets
- Receivables within one year -€117,298
down €117,298 (-20.2%), from €581,230 to €463,932
of which Trade receivables: -€108,466
- Tangible fixed assets -€45,007
down €45,007 (-12.4%), from €363,987 to €318,980
of which Land and buildings: -€45,218
- Cash +€41,944
up €41,944 (+27.9%), from €150,132 to €192,076
mainly Depreciation (+€143,143) and Receivables within one year (+€117,298)
- Intangible fixed assets -€22,524
down €22,524 (-9.1%), from €248,206 to €225,682
- Stocks and contracts +€19,616
up €19,616 (+5.2%), from €379,079 to €398,695
Equity and liabilities
- Profit (loss) carried forward -€140,745
down €140,745, from €39,425 to -€101,320
- Debts after one year -€68,726
down €68,726 (-21.8%), from €315,279 to €246,553
- Trade debts +€55,946
up €55,946 (+23.0%), from €242,723 to €298,669
- Short-term financial debts +€48,410
up €48,410 (+8.0%), from €601,698 to €650,108
Income statement
- Gross operating margin -€117,417
down €117,417 (-17.0%), from €690,942 to €573,525
- Staff costs -€22,393
down €22,393 (-4.5%), from €498,475 to €476,082
- Financial income -€9,380
down €9,380 (-92.0%), from €10,193 to €813
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.
Result 2024
€6,779
Gross operating margin
-€117,417
Staff costs
+€22,393
Depreciation
-€4,277
Other operating charges
-€4,651
Other operating items
-€25,651
Financial income
-€9,380
Financial charges
-€3,831
Taxes
-€4,242
Deferred taxes and other
-€470
Result 2025
-€140,745
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.
From operations
+€145,565
Investment
-€75,851
Financing
-€27,771
Cash 2024
€150,132
From operations (derived)
+€145,565
Net result for the year
-€140,745
Depreciation
+€143,143
Receivables after one year
+€3,828
Stocks and contracts
-€19,616
Receivables within one year
+€117,298
Deferred charges and accrued income
+€1,828
Provisions
-€3,650
Trade debts
+€55,946
Tax, wage and social debts
-€13,688
Advances received
+€4,587
Accrued charges and deferred income
-€3,366
Investment (derived)
-€75,851
Investment in fixed assets (net)
-€75,851
Financing
-€27,771
Debts after one year
-€68,726
Current portion of long-term debt
-€7,520
Short-term financial debts
+€48,410
Contributions, distributions and other
+€66
Cash 2025
€192,076
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,745,519 | €1,616,832 | -€128,687 | -7.4% |
| Fixed assets | 21/28 | €613,189 | €545,897 | -€67,292 | -11.0% |
| Intangible fixed assets | 21 | €248,206 | €225,682 | -€22,524 | -9.1% |
| Tangible fixed assets | 22/27 | €363,987 | €318,980 | -€45,007 | -12.4% |
| Land and buildings | 22 | €341,527 | €296,309 | -€45,218 | -13.2% |
| Plant, machinery and equipment | 23 | €2,473 | €1,185 | -€1,288 | -52.1% |
| Furniture and vehicles | 24 | €19,987 | €21,485 | +€1,498 | +7.5% |
| Financial fixed assets | 28 | €997 | €1,235 | +€239 | +23.9% |
| Current assets | 29/58 | €1,132,329 | €1,070,935 | -€61,394 | -5.4% |
| Amounts receivable after more than one year | 29 | €3,895 | €67 | -€3,828 | -98.3% |
| Trade receivables | 290 | €3,895 | €67 | -€3,828 | -98.3% |
| Stocks and contracts in progress | 3 | €379,079 | €398,695 | +€19,616 | +5.2% |
| Stocks | 30/36 | €379,079 | €398,695 | +€19,616 | +5.2% |
| Amounts receivable within one year | 40/41 | €581,230 | €463,932 | -€117,298 | -20.2% |
| Trade receivables | 40 | €558,985 | €450,520 | -€108,466 | -19.4% |
| Other amounts receivable | 41 | €22,245 | €13,413 | -€8,833 | -39.7% |
| Cash at bank and in hand | 54/58 | €150,132 | €192,076 | +€41,944 | +27.9% |
| Deferred charges and accrued income | 490/1 | €17,992 | €16,165 | -€1,828 | -10.2% |
| Total equity and liabilities | 10/49 | €1,745,519 | €1,616,832 | -€128,687 | -7.4% |
| Equity | 10/15 | €317,544 | €176,864 | -€140,679 | -44.3% |
| Contributions | 10/11 | €246,693 | €246,693 | = | 0.0% |
| Capital | 10 | €246,693 | €246,693 | = | 0.0% |
| Issued capital | 100 | €259,088 | €259,088 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €18,461 | €18,461 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,461 | €6,461 | = | 0.0% |
| Legal reserve | 130 | €6,461 | €6,461 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,425 | -€101,320 | -€140,745 | |
| Investment grants | 15 | €12,964 | €13,030 | +€66 | +0.5% |
| Provisions and deferred taxes | 16 | €32,845 | €29,195 | -€3,650 | -11.1% |
| Deferred taxes | 168 | €32,845 | €29,195 | -€3,650 | -11.1% |
| Amounts payable | 17/49 | €1,395,130 | €1,410,773 | +€15,643 | +1.1% |
| Amounts payable after more than one year | 17 | €315,279 | €246,553 | -€68,726 | -21.8% |
| Financial debts | 170/4 | €315,279 | €246,553 | -€68,726 | -21.8% |
| Amounts payable within one year | 42/48 | €1,055,324 | €1,143,059 | +€87,735 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €77,537 | €70,017 | -€7,520 | -9.7% |
| Financial debts | 43 | €601,698 | €650,108 | +€48,410 | +8.0% |
| Credit institutions | 430/8 | €601,698 | €650,108 | +€48,410 | +8.0% |
| Trade debts | 44 | €242,723 | €298,669 | +€55,946 | +23.0% |
| Suppliers | 440/4 | €242,723 | €298,669 | +€55,946 | +23.0% |
| Advances received on contracts in progress | 46 | €8,144 | €12,731 | +€4,587 | +56.3% |
| Taxes, remuneration and social security | 45 | €125,223 | €111,535 | -€13,688 | -10.9% |
| Taxes | 450/3 | €42,868 | €35,332 | -€7,536 | -17.6% |
| Remuneration and social security | 454/9 | €82,355 | €76,203 | -€6,152 | -7.5% |
| Accrued charges and deferred income | 492/3 | €24,527 | €21,161 | -€3,366 | -13.7% |
| Remuneration, social security and pensions | 62 | €498,475 | €476,082 | -€22,393 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,866 | €143,143 | +€4,277 | +3.1% |
| Other operating charges | 640/8 | €9,761 | €14,412 | +€4,651 | +47.6% |
| Non-recurring operating charges | 66A | - | €25,651 | +€25,651 | |
| Gross operating margin | 9900 | €690,942 | €573,525 | -€117,417 | -17.0% |
| Operating profit (loss) | 9901 | €43,839 | -€85,763 | -€129,602 | |
| Financial income | 75/76B | €10,193 | €813 | -€9,380 | -92.0% |
| Recurring financial income | 75 | €10,193 | €813 | -€9,380 | -92.0% |
| Financial charges | 65/66B | €55,618 | €59,449 | +€3,831 | +6.9% |
| Recurring financial charges | 65 | €55,618 | €59,449 | +€3,831 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,587 | -€144,399 | -€142,812 | -9000.1% |
| Transfer from deferred taxes | 780 | €4,121 | €3,650 | -€470 | -11.4% |
| Income taxes | 67/77 | -€4,245 | -€3 | +€4,242 | +99.9% |
| Profit (loss) for the period | 9904 | €6,779 | -€140,745 | -€147,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,779 | -€140,745 | -€147,524 |
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 28 September 2026 via checked.be.