Termens: 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.
Termens
Largest movements
- Receivables within one year -€122,748
down €122,748 (-73.1%), from €167,856 to €45,108
of which Trade receivables: -€90,168
- Cash -€27,611
down €27,611 (-75.5%), from €36,577 to €8,966
mainly Net result for the year (-€108,860) and Provisions (-€23,122)
- Reserves -€108,860
down €108,860 (-74.3%), from €146,587 to €37,727
of which Distributable reserves: -€108,860
- Provisions -€23,122
no longer reported in 2023 (was €23,122)
- Current portion of long-term debt -€17,186
no longer reported in 2023 (was €17,186)
- Tax, wage and social debts -€3,453
no longer reported in 2023 (was €3,453)
- Gross operating margin -€60,203
down €60,203, from €19,026 to -€41,177
- Taxes +€4,214
up €4,214 (+110%), from €3,817 to €8,031
- Depreciation -€1,053
down €1,053 (-35.6%), from €2,962 to €1,909
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,309 | €57,719 | -€152,591 | -72.6% |
| Fixed assets | 21/28 | €5,554 | €3,645 | -€1,909 | -34.4% |
| Tangible fixed assets | 22/27 | €1,909 | - | -€1,909 | |
| Plant, machinery and equipment | 23 | €362 | - | -€362 | |
| Furniture and vehicles | 24 | €1,547 | - | -€1,547 | |
| Financial fixed assets | 28 | €3,645 | €3,645 | = | 0.0% |
| Current assets | 29/58 | €204,756 | €54,074 | -€150,682 | -73.6% |
| Amounts receivable within one year | 40/41 | €167,856 | €45,108 | -€122,748 | -73.1% |
| Trade receivables | 40 | €109,428 | €19,259 | -€90,168 | -82.4% |
| Other amounts receivable | 41 | €58,428 | €25,849 | -€32,580 | -55.8% |
| Cash at bank and in hand | 54/58 | €36,577 | €8,966 | -€27,611 | -75.5% |
| Deferred charges and accrued income | 490/1 | €323 | - | -€323 | |
| Total equity and liabilities | 10/49 | €210,309 | €57,719 | -€152,591 | -72.6% |
| Equity | 10/15 | €165,187 | €56,327 | -€108,860 | -65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,587 | €37,727 | -€108,860 | -74.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €144,727 | €35,867 | -€108,860 | -75.2% |
| Provisions and deferred taxes | 16 | €23,122 | - | -€23,122 | |
| Provisions for liabilities and charges | 160/5 | €23,122 | - | -€23,122 | |
| Other liabilities and charges | 164/5 | €23,122 | - | -€23,122 | |
| Amounts payable | 17/49 | €22,001 | €1,392 | -€20,609 | -93.7% |
| Amounts payable after more than one year | 17 | €265 | - | -€265 | |
| Other amounts payable | 178/9 | €265 | - | -€265 | |
| Amounts payable within one year | 42/48 | €21,735 | €1,392 | -€20,343 | -93.6% |
| Current portion of amounts payable after more than one year | 42 | €17,186 | - | -€17,186 | |
| Financial debts | 43 | €558 | - | -€558 | |
| Credit institutions | 430/8 | €558 | - | -€558 | |
| Trade debts | 44 | €538 | €1,392 | +€854 | +159% |
| Suppliers | 440/4 | €538 | €1,392 | +€854 | +159% |
| Taxes, remuneration and social security | 45 | €3,453 | - | -€3,453 | |
| Taxes | 450/3 | €3,453 | - | -€3,453 | |
| Non-recurring operating income | 76A | €23,967 | - | -€23,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €1,909 | -€1,053 | -35.6% |
| Other operating charges | 640/8 | €1,084 | €973 | -€111 | -10.2% |
| Non-recurring operating charges | 66A | - | €55,589 | +€55,589 | |
| Gross operating margin | 9900 | €19,026 | -€41,177 | -€60,203 | |
| Operating profit (loss) | 9901 | €14,981 | -€99,647 | -€114,628 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,092 | €1,181 | +€89 | +8.2% |
| Recurring financial charges | 65 | €1,092 | €1,181 | +€89 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €13,889 | -€100,829 | -€114,718 | |
| Income taxes | 67/77 | €3,817 | €8,031 | +€4,214 | +110% |
| Profit (loss) for the period | 9904 | €10,072 | -€108,860 | -€118,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,072 | -€108,860 | -€118,932 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.