TEMUR: 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.
TEMUR
Largest movements
- Stocks and contracts +€891,387
up €891,387 (+95.4%), from €934,635 to €1.8m
- Receivables within one year +€735,014
up €735,014 (+50.3%), from €1.5m to €2.2m
of which Other amounts receivable: +€655,421
- Cash -€277,507
down €277,507 (-60.8%), from €456,800 to €179,293
mainly Stocks and contracts (-€891,387) and Receivables within one year (-€735,014)
- Tangible fixed assets +€116,479
up €116,479 (+4.8%), from €2.4m to €2.5m
of which Plant, machinery and equipment: +€95,507
- Reserves +€945,147
up €945,147 (+36.2%), from €2.6m to €3.6m
- Trade debts +€328,841
up €328,841 (+27.7%), from €1.2m to €1.5m
- Tax, wage and social debts +€259,503
up €259,503 (+163%), from €159,673 to €419,176
of which Taxes: +€244,329
- Other debts +€200,000
up €200,000 (+12,988%), from €1,540 to €201,540
- Debts after one year -€149,000
down €149,000 (-13.0%), from €1.1m to €996,881
of which Financial debts: -€142,250
- Gross operating margin +€1.1m
up €1.1m (+52.9%), from €2.0m to €3.1m
- Taxes +€294,886
up €294,886 (+101%), from €291,995 to €586,881
- Staff costs +€119,156
up €119,156 (+19.2%), from €619,763 to €738,920
- Depreciation +€53,239
up €53,239 (+15.2%), from €350,026 to €403,265
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 | €6,043,437 | €7,542,330 | +€1.5m | +24.8% |
| Fixed assets | 21/28 | €2,432,809 | €2,555,787 | +€122,979 | +5.1% |
| Tangible fixed assets | 22/27 | €2,415,559 | €2,532,037 | +€116,479 | +4.8% |
| Land and buildings | 22 | €1,430,670 | €1,507,013 | +€76,343 | +5.3% |
| Plant, machinery and equipment | 23 | €389,660 | €485,168 | +€95,507 | +24.5% |
| Furniture and vehicles | 24 | €334,923 | €349,203 | +€14,280 | +4.3% |
| Leasing and similar rights | 25 | €260,305 | €190,653 | -€69,652 | -26.8% |
| Financial fixed assets | 28 | €17,250 | €23,750 | +€6,500 | +37.7% |
| Current assets | 29/58 | €3,610,628 | €4,986,543 | +€1.4m | +38.1% |
| Amounts receivable after more than one year | 29 | €727,665 | €727,665 | = | 0.0% |
| Other amounts receivable | 291 | €727,665 | €727,665 | = | 0.0% |
| Stocks and contracts in progress | 3 | €934,635 | €1,826,022 | +€891,387 | +95.4% |
| Stocks | 30/36 | €934,635 | €1,826,022 | +€891,387 | +95.4% |
| Amounts receivable within one year | 40/41 | €1,460,289 | €2,195,302 | +€735,014 | +50.3% |
| Trade receivables | 40 | €652,268 | €731,861 | +€79,593 | +12.2% |
| Other amounts receivable | 41 | €808,021 | €1,463,442 | +€655,421 | +81.1% |
| Cash at bank and in hand | 54/58 | €456,800 | €179,293 | -€277,507 | -60.8% |
| Deferred charges and accrued income | 490/1 | €31,239 | €58,260 | +€27,021 | +86.5% |
| Total equity and liabilities | 10/49 | €6,043,437 | €7,542,330 | +€1.5m | +24.8% |
| Equity | 10/15 | €2,631,821 | €3,576,968 | +€945,147 | +35.9% |
| Contributions | 10/11 | €20,615 | €20,615 | = | 0.0% |
| Reserves | 13 | €2,611,206 | €3,556,353 | +€945,147 | +36.2% |
| Distributable reserves | 133 | €2,611,206 | €3,556,353 | +€945,147 | +36.2% |
| Amounts payable | 17/49 | €3,411,616 | €3,965,362 | +€553,746 | +16.2% |
| Amounts payable after more than one year | 17 | €1,145,881 | €996,881 | -€149,000 | -13.0% |
| Financial debts | 170/4 | €1,139,131 | €996,881 | -€142,250 | -12.5% |
| Other amounts payable | 178/9 | €6,750 | - | -€6,750 | |
| Amounts payable within one year | 42/48 | €2,194,585 | €2,968,481 | +€773,896 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €471,018 | €427,932 | -€43,086 | -9.1% |
| Financial debts | 43 | €374,362 | €363,000 | -€11,362 | -3.0% |
| Credit institutions | 430/8 | €286,112 | €363,000 | +€76,889 | +26.9% |
| Other loans | 439 | €88,251 | - | -€88,251 | |
| Trade debts | 44 | €1,187,992 | €1,516,833 | +€328,841 | +27.7% |
| Suppliers | 440/4 | €1,187,992 | €1,516,833 | +€328,841 | +27.7% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €159,673 | €419,176 | +€259,503 | +163% |
| Taxes | 450/3 | €90,280 | €334,609 | +€244,329 | +271% |
| Remuneration and social security | 454/9 | €69,393 | €84,567 | +€15,174 | +21.9% |
| Other amounts payable | 47/48 | €1,540 | €201,540 | +€200,000 | +12,988% |
| Accrued charges and deferred income | 492/3 | €71,150 | - | -€71,150 | |
| Non-recurring operating income | 76A | €58,200 | - | -€58,200 | |
| Remuneration, social security and pensions | 62 | €619,763 | €738,920 | +€119,156 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,026 | €403,265 | +€53,239 | +15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €595 | - | -€595 | |
| Other operating charges | 640/8 | €43,173 | €35,712 | -€7,460 | -17.3% |
| Non-recurring operating charges | 66A | €35,701 | €80,640 | +€44,939 | +126% |
| Gross operating margin | 9900 | €2,029,297 | €3,102,382 | +€1.1m | +52.9% |
| Operating profit (loss) | 9901 | €980,038 | €1,843,846 | +€863,808 | +88.1% |
| Financial income | 75/76B | €26,227 | €29,745 | +€3,517 | +13.4% |
| Recurring financial income | 75 | €26,227 | €29,745 | +€3,517 | +13.4% |
| Financial charges | 65/66B | €127,253 | €106,687 | -€20,565 | -16.2% |
| Recurring financial charges | 65 | €127,253 | €106,687 | -€20,565 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €879,013 | €1,766,903 | +€887,890 | +101% |
| Income taxes | 67/77 | €291,995 | €586,881 | +€294,886 | +101% |
| Profit (loss) for the period | 9904 | €587,017 | €1,180,022 | +€593,004 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €587,017 | €1,180,022 | +€593,004 | +101% |
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 15 October 2026 via checked.be.