TERMACO: 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.
TERMACO
Largest movements
- Cash +€2,193
up €2,193 (+1329.3%), from €165 to €2,358
mainly Net result for the year (+€10,711) and Tax, wage and social debts (+€1,245)
- Receivables within one year +€1,521
up €1,521 (+4.5%), from €33,764 to €35,285
- Financial fixed assets -€1,138
down €1,138 (-100.0%), from €1,138 to €0
- Profit (loss) carried forward +€27,225
up €27,225, from -€27,225 to €0
- Reserves -€16,513
down €16,513 (-48.1%), from €34,312 to €17,799
- Trade debts -€5,144
down €5,144 (-100.0%), from €5,144 to €0
- Other debts -€4,236
down €4,236 (-100.0%), from €4,236 to €0
- Tax, wage and social debts +€1,245
new in 2026: €1,245
- Gross operating margin +€14,294
up €14,294, from -€1,194 to €13,100
- Taxes +€1,071
new in 2026: €1,071
- Other operating charges +€946
up €946 (+295.6%), from €320 to €1,266
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,067 | €37,643 | +€2,576 | +7.3% |
| Fixed assets | 21/28 | €1,138 | €0 | -€1,138 | -100.0% |
| Financial fixed assets | 28 | €1,138 | €0 | -€1,138 | -100.0% |
| Current assets | 29/58 | €33,929 | €37,643 | +€3,714 | +10.9% |
| Amounts receivable within one year | 40/41 | €33,764 | €35,285 | +€1,521 | +4.5% |
| Other amounts receivable | 41 | €33,764 | €35,285 | +€1,521 | +4.5% |
| Cash at bank and in hand | 54/58 | €165 | €2,358 | +€2,193 | +1329.3% |
| Total equity and liabilities | 10/49 | €35,067 | €37,643 | +€2,576 | +7.3% |
| Equity | 10/15 | €25,687 | €36,399 | +€10,712 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,312 | €17,799 | -€16,513 | -48.1% |
| Distributable reserves | 133 | €34,312 | €17,799 | -€16,513 | -48.1% |
| Profit (loss) carried forward | 14 | -€27,225 | €0 | +€27,225 | |
| Amounts payable | 17/49 | €9,380 | €1,245 | -€8,135 | -86.7% |
| Amounts payable within one year | 42/48 | €9,380 | €1,245 | -€8,135 | -86.7% |
| Trade debts | 44 | €5,144 | €0 | -€5,144 | -100.0% |
| Suppliers | 440/4 | €5,144 | €0 | -€5,144 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,245 | +€1,245 | |
| Taxes | 450/3 | - | €1,245 | +€1,245 | |
| Other amounts payable | 47/48 | €4,236 | €0 | -€4,236 | -100.0% |
| Other operating charges | 640/8 | €320 | €1,266 | +€946 | +295.6% |
| Non-recurring operating charges | 66A | €2,508 | - | -€2,508 | |
| Gross operating margin | 9900 | -€1,194 | €13,100 | +€14,294 | |
| Operating profit (loss) | 9901 | -€4,022 | €11,834 | +€15,856 | |
| Financial charges | 65/66B | €147 | €52 | -€95 | -64.6% |
| Recurring financial charges | 65 | €147 | €52 | -€95 | -64.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€4,169 | €11,782 | +€15,951 | |
| Income taxes | 67/77 | - | €1,071 | +€1,071 | |
| Profit (loss) for the period | 9904 | -€4,169 | €10,711 | +€14,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,169 | €10,711 | +€14,880 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.