TEREMOK: 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.
TEREMOK
Largest movements
- Tangible fixed assets -€14,767
down €14,767 (-32.3%), from €45,728 to €30,962
of which Furniture and vehicles: -€10,098
- Stocks and contracts -€2,000
down €2,000 (-44.4%), from €4,500 to €2,500
- Cash -€1,975
down €1,975 (-53.9%), from €3,667 to €1,692
mainly Current portion of long-term debt (-€14,067) and Other debts (-€8,961)
- Receivables within one year +€1,794
up €1,794 (+2.3%), from €79,682 to €81,476
of which Other amounts receivable: +€1,209
- Profit (loss) carried forward +€23,930
up €23,930, from -€22,333 to €1,598
- Current portion of long-term debt -€14,067
down €14,067 (-70.8%), from €19,867 to €5,800
- Other debts -€8,961
down €8,961 (-17.6%), from €50,960 to €41,999
- Trade debts -€7,009
down €7,009 (-12.5%), from €56,113 to €49,104
- Tax, wage and social debts -€5,733
down €5,733 (-62.3%), from €9,203 to €3,469
of which Remuneration and social security: -€4,421
- Gross operating margin +€8,238
up €8,238 (+9.4%), from €88,080 to €96,318
- Financial income +€4,925
new in 2024: €4,925
- Staff costs -€4,296
down €4,296 (-6.7%), from €64,592 to €60,297
- Depreciation -€1,226
down €1,226 (-7.7%), from €15,992 to €14,767
- Financial charges -€1,119
down €1,119 (-45.8%), from €2,441 to €1,322
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.
Derived cash bridge
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 | €137,177 | €120,230 | -€16,947 | -12.4% |
| Fixed assets | 21/28 | €49,328 | €34,562 | -€14,767 | -29.9% |
| Tangible fixed assets | 22/27 | €45,728 | €30,962 | -€14,767 | -32.3% |
| Plant, machinery and equipment | 23 | €21,010 | €16,341 | -€4,669 | -22.2% |
| Furniture and vehicles | 24 | €24,718 | €14,621 | -€10,098 | -40.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €87,848 | €85,668 | -€2,181 | -2.5% |
| Stocks and contracts in progress | 3 | €4,500 | €2,500 | -€2,000 | -44.4% |
| Stocks | 30/36 | €4,500 | €2,500 | -€2,000 | -44.4% |
| Amounts receivable within one year | 40/41 | €79,682 | €81,476 | +€1,794 | +2.3% |
| Trade receivables | 40 | €79,682 | €80,267 | +€585 | +0.7% |
| Other amounts receivable | 41 | €0 | €1,209 | +€1,209 | |
| Cash at bank and in hand | 54/58 | €3,667 | €1,692 | -€1,975 | -53.9% |
| Total equity and liabilities | 10/49 | €137,177 | €120,230 | -€16,947 | -12.4% |
| Equity | 10/15 | -€4,073 | €19,858 | +€23,930 | |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,333 | €1,598 | +€23,930 | |
| Amounts payable | 17/49 | €141,250 | €100,372 | -€40,878 | -28.9% |
| Amounts payable after more than one year | 17 | €5,108 | - | -€5,108 | |
| Financial debts | 170/4 | €5,108 | - | -€5,108 | |
| Amounts payable within one year | 42/48 | €136,142 | €100,372 | -€35,770 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €19,867 | €5,800 | -€14,067 | -70.8% |
| Trade debts | 44 | €56,113 | €49,104 | -€7,009 | -12.5% |
| Suppliers | 440/4 | €56,113 | €49,104 | -€7,009 | -12.5% |
| Taxes, remuneration and social security | 45 | €9,203 | €3,469 | -€5,733 | -62.3% |
| Taxes | 450/3 | €2,267 | €955 | -€1,312 | -57.9% |
| Remuneration and social security | 454/9 | €6,936 | €2,515 | -€4,421 | -63.7% |
| Other amounts payable | 47/48 | €50,960 | €41,999 | -€8,961 | -17.6% |
| Remuneration, social security and pensions | 62 | €64,592 | €60,297 | -€4,296 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,992 | €14,767 | -€1,226 | -7.7% |
| Other operating charges | 640/8 | €1,109 | €927 | -€182 | -16.4% |
| Gross operating margin | 9900 | €88,080 | €96,318 | +€8,238 | +9.4% |
| Operating profit (loss) | 9901 | €6,386 | €20,328 | +€13,942 | +218% |
| Financial income | 75/76B | - | €4,925 | +€4,925 | |
| Recurring financial income | 75 | - | €4,925 | +€4,925 | |
| Financial charges | 65/66B | €2,441 | €1,322 | -€1,119 | -45.8% |
| Recurring financial charges | 65 | €2,441 | €1,322 | -€1,119 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €3,945 | €23,930 | +€19,985 | +507% |
| Profit (loss) for the period | 9904 | €3,945 | €23,930 | +€19,985 | +507% |
| Profit (loss) for the period to be appropriated | 9905 | €3,945 | €23,930 | +€19,985 | +507% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.