TEMSET: 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.
TEMSET
Largest movements
- Tangible fixed assets +€227,793
up €227,793 (+25.8%), from €881,841 to €1.1m
of which Land and buildings: +€228,812
- Receivables after one year -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€44,279
up €44,279 (+568.4%), from €7,790 to €52,068
mainly Receivables after one year (+€150,000) and Current portion of long-term debt (+€62,578)
- Receivables within one year -€14,032
down €14,032 (-79.6%), from €17,632 to €3,600
of which Trade receivables: -€9,680
- Current portion of long-term debt +€62,578
new in 2025: €62,578
- Debts after one year +€36,698
up €36,698 (+26.0%), from €141,324 to €178,022
- Profit (loss) carried forward +€25,460
up €25,460 (+25.4%), from €100,083 to €125,543
- Reserves -€12,149
down €12,149 (-3.5%), from €345,722 to €333,573
of which Tax-exempt reserves: -€12,149
- Financial charges -€16,038
down €16,038 (-87.6%), from €18,315 to €2,277
- Gross operating margin +€4,480
up €4,480 (+7.1%), from €63,280 to €67,760
- Financial income -€3,947
down €3,947 (-71.5%), from €5,523 to €1,576
of which Non-recurring financial income: -€5,523
- Depreciation +€2,011
up €2,011 (+4.8%), from €41,885 to €43,896
- Other operating charges +€1,034
up €1,034 (+8.3%), from €12,396 to €13,429
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 | €1,057,314 | €1,165,353 | +€108,039 | +10.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €881,891 | €1,109,685 | +€227,793 | +25.8% |
| Tangible fixed assets | 22/27 | €881,841 | €1,109,634 | +€227,793 | +25.8% |
| Land and buildings | 22 | €878,353 | €1,107,165 | +€228,812 | +26.1% |
| Furniture and vehicles | 24 | €3,488 | €2,469 | -€1,019 | -29.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €175,422 | €55,668 | -€119,754 | -68.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100.0% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,632 | €3,600 | -€14,032 | -79.6% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100.0% |
| Other amounts receivable | 41 | €7,952 | €3,600 | -€4,352 | -54.7% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €7,790 | €52,068 | +€44,279 | +568.4% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €1,057,314 | €1,165,353 | +€108,039 | +10.2% |
| Equity | 10/15 | €806,776 | €820,087 | +€13,311 | +1.6% |
| Contributions | 10/11 | €360,971 | €360,971 | = | 0.0% |
| Capital | 10 | €360,971 | €360,971 | = | 0.0% |
| Issued capital | 100 | €360,971 | €360,971 | = | 0.0% |
| Reserves | 13 | €345,722 | €333,573 | -€12,149 | -3.5% |
| Non-distributable reserves | 130/1 | €36,097 | €36,097 | = | 0.0% |
| Legal reserve | 130 | €36,097 | €36,097 | = | 0.0% |
| Tax-exempt reserves | 132 | €309,625 | €297,475 | -€12,149 | -3.9% |
| Profit (loss) carried forward | 14 | €100,083 | €125,543 | +€25,460 | +25.4% |
| Provisions and deferred taxes | 16 | €103,208 | €99,158 | -€4,050 | -3.9% |
| Deferred taxes | 168 | €103,208 | €99,158 | -€4,050 | -3.9% |
| Amounts payable | 17/49 | €147,329 | €246,107 | +€98,778 | +67.0% |
| Amounts payable after more than one year | 17 | €141,324 | €178,022 | +€36,698 | +26.0% |
| Financial debts | 170/4 | €141,324 | €178,022 | +€36,698 | +26.0% |
| Amounts payable within one year | 42/48 | €720 | €62,687 | +€61,967 | +8603.9% |
| Current portion of amounts payable after more than one year | 42 | - | €62,578 | +€62,578 | |
| Trade debts | 44 | €155 | €109 | -€46 | -29.9% |
| Suppliers | 440/4 | €155 | €109 | -€46 | -29.9% |
| Taxes, remuneration and social security | 45 | €565 | €0 | -€565 | -100.0% |
| Taxes | 450/3 | €565 | €0 | -€565 | -100.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €5,285 | €5,398 | +€113 | +2.1% |
| Non-recurring operating income | 76A | - | €7,651 | +€7,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,885 | €43,896 | +€2,011 | +4.8% |
| Other operating charges | 640/8 | €12,396 | €13,429 | +€1,034 | +8.3% |
| Gross operating margin | 9900 | €63,280 | €67,760 | +€4,480 | +7.1% |
| Operating profit (loss) | 9901 | €8,999 | €10,435 | +€1,435 | +15.9% |
| Financial income | 75/76B | €5,523 | €1,576 | -€3,947 | -71.5% |
| Recurring financial income | 75 | €5,523 | €1,576 | -€3,947 | -71.5% |
| Non-recurring financial income | 76B | €5,523 | - | -€5,523 | |
| Financial charges | 65/66B | €18,315 | €2,277 | -€16,038 | -87.6% |
| Recurring financial charges | 65 | €18,315 | €2,277 | -€16,038 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,793 | €9,734 | +€13,526 | |
| Transfer from deferred taxes | 780 | €4,303 | €4,050 | -€254 | -5.9% |
| Income taxes | 67/77 | - | €473 | +€473 | |
| Profit (loss) for the period | 9904 | €511 | €13,311 | +€12,800 | +2506.4% |
| Transfer from tax-exempt reserves | 789 | €12,910 | €12,149 | -€761 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,421 | €25,460 | +€12,039 | +89.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.