TEMS: 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.
TEMS
Largest movements
- Stocks and contracts +€13,361
new in 2024: €13,361
- Receivables within one year -€9,000
no longer reported in 2024 (was €9,000)
- Tangible fixed assets -€3,228
down €3,228 (-26.0%), from €12,438 to €9,210
- Cash -€1,438
down €1,438 (-7.6%), from €18,979 to €17,541
mainly Stocks and contracts (-€13,361) and Trade debts (-€9,304)
- Trade debts -€9,304
down €9,304 (-62.3%), from €14,928 to €5,624
- Profit (loss) carried forward +€4,165
up €4,165 (+47.8%), from -€8,713 to -€4,548
- Tax, wage and social debts +€3,535
up €3,535 (+36.1%), from €9,778 to €13,312
of which Remuneration and social security: +€3,731
- Other debts +€1,300
up €1,300 (+6.1%), from €21,424 to €22,724
- Staff costs +€22,014
up €22,014 (+95.1%), from €23,157 to €45,171
- Gross operating margin +€21,977
up €21,977 (+65.7%), from €33,433 to €55,409
- Depreciation +€4,261
new in 2024: €4,261
- Other operating charges -€1,336
down €1,336 (-95.6%), from €1,398 to €62
- Financial charges +€741
up €741 (+53.5%), from €1,383 to €2,124
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,417 | €40,113 | -€304 | -0.8% |
| Fixed assets | 21/28 | €12,438 | €9,210 | -€3,228 | -26.0% |
| Tangible fixed assets | 22/27 | €12,438 | €9,210 | -€3,228 | -26.0% |
| Furniture and vehicles | 24 | €12,438 | €9,210 | -€3,228 | -26.0% |
| Current assets | 29/58 | €27,979 | €30,902 | +€2,923 | +10.4% |
| Stocks and contracts in progress | 3 | - | €13,361 | +€13,361 | |
| Stocks | 30/36 | - | €13,361 | +€13,361 | |
| Amounts receivable within one year | 40/41 | €9,000 | - | -€9,000 | |
| Trade receivables | 40 | €9,000 | - | -€9,000 | |
| Cash at bank and in hand | 54/58 | €18,979 | €17,541 | -€1,438 | -7.6% |
| Total equity and liabilities | 10/49 | €40,417 | €40,113 | -€304 | -0.8% |
| Equity | 10/15 | -€5,713 | -€1,548 | +€4,165 | +72.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,713 | -€4,548 | +€4,165 | +47.8% |
| Amounts payable | 17/49 | €46,130 | €41,660 | -€4,469 | -9.7% |
| Amounts payable within one year | 42/48 | €46,130 | €41,660 | -€4,469 | -9.7% |
| Trade debts | 44 | €14,928 | €5,624 | -€9,304 | -62.3% |
| Suppliers | 440/4 | €14,928 | €5,624 | -€9,304 | -62.3% |
| Taxes, remuneration and social security | 45 | €9,778 | €13,312 | +€3,535 | +36.1% |
| Taxes | 450/3 | €2,148 | €1,951 | -€197 | -9.2% |
| Remuneration and social security | 454/9 | €7,630 | €11,362 | +€3,731 | +48.9% |
| Other amounts payable | 47/48 | €21,424 | €22,724 | +€1,300 | +6.1% |
| Non-recurring operating income | 76A | €259 | €5,015 | +€4,756 | +1836.0% |
| Remuneration, social security and pensions | 62 | €23,157 | €45,171 | +€22,014 | +95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,261 | +€4,261 | |
| Other operating charges | 640/8 | €1,398 | €62 | -€1,336 | -95.6% |
| Gross operating margin | 9900 | €33,433 | €55,409 | +€21,977 | +65.7% |
| Operating profit (loss) | 9901 | €8,878 | €5,916 | -€2,962 | -33.4% |
| Financial income | 75/76B | - | €373 | +€373 | |
| Recurring financial income | 75 | - | €373 | +€373 | |
| Financial charges | 65/66B | €1,383 | €2,124 | +€741 | +53.5% |
| Recurring financial charges | 65 | €1,383 | €2,124 | +€741 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €7,495 | €4,165 | -€3,330 | -44.4% |
| Profit (loss) for the period | 9904 | €7,495 | €4,165 | -€3,330 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,495 | €4,165 | -€3,330 | -44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.