TERMOTE: what changed
TERMOTE
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€100,437
down €100,437 (-56.4%), from €178,045 to €77,608
mainly Current investments (-€150,000) and Tax, wage and social debts (-€10,373)
- Tangible fixed assets -€11,333
down €11,333 (-14.5%), from €78,231 to €66,897
of which Furniture and vehicles: -€5,853
- Receivables within one year -€6,455
down €6,455 (-11.8%), from €54,862 to €48,407
of which Other amounts receivable: -€7,539
- Reserves +€26,591
up €26,591 (+12.9%), from €205,660 to €232,250
of which Distributable reserves: +€26,591
- Tax, wage and social debts -€10,373
down €10,373 (-98.8%), from €10,499 to €126
of which Remuneration and social security: -€10,499
- Other debts +€9,890
up €9,890 (+11.5%), from €85,654 to €95,545
- Gross operating margin +€42,269
up €42,269 (+1,144%), from €3,694 to €45,963
- Taxes +€6,834
up €6,834, from €0 to €6,834
- Depreciation -€4,236
down €4,236 (-27.2%), from €15,569 to €11,333
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €325,182 | €354,774 | +€29,592 | +9.1% |
| Fixed assets | 21/28 | €78,231 | €66,897 | -€11,333 | -14.5% |
| Tangible fixed assets | 22/27 | €78,231 | €66,897 | -€11,333 | -14.5% |
| Land and buildings | 22 | €53,614 | €48,892 | -€4,722 | -8.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €23,028 | €17,175 | -€5,853 | -25.4% |
| Other tangible fixed assets | 26 | €1,589 | €831 | -€758 | -47.7% |
| Current assets | 29/58 | €246,952 | €287,877 | +€40,925 | +16.6% |
| Stocks and contracts in progress | 3 | €12,869 | €10,523 | -€2,346 | -18.2% |
| Stocks | 30/36 | €12,869 | €10,523 | -€2,346 | -18.2% |
| Amounts receivable within one year | 40/41 | €54,862 | €48,407 | -€6,455 | -11.8% |
| Trade receivables | 40 | €30,895 | €31,979 | +€1,084 | +3.5% |
| Other amounts receivable | 41 | €23,967 | €16,428 | -€7,539 | -31.5% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €178,045 | €77,608 | -€100,437 | -56.4% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,339 | +€163 | +13.9% |
| Total equity and liabilities | 10/49 | €325,182 | €354,774 | +€29,592 | +9.1% |
| Equity | 10/15 | €224,560 | €251,150 | +€26,591 | +11.8% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €205,660 | €232,250 | +€26,591 | +12.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €205,660 | €232,250 | +€26,591 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €100,623 | €103,624 | +€3,001 | +3.0% |
| Amounts payable within one year | 42/48 | €100,623 | €103,624 | +€3,001 | +3.0% |
| Trade debts | 44 | €4,469 | €7,953 | +€3,484 | +78.0% |
| Suppliers | 440/4 | €4,469 | €7,953 | +€3,484 | +78.0% |
| Taxes, remuneration and social security | 45 | €10,499 | €126 | -€10,373 | -98.8% |
| Taxes | 450/3 | - | €126 | +€126 | |
| Remuneration and social security | 454/9 | €10,499 | €0 | -€10,499 | -100% |
| Other amounts payable | 47/48 | €85,654 | €95,545 | +€9,890 | +11.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,569 | €11,333 | -€4,236 | -27.2% |
| Other operating charges | 640/8 | €1,102 | €1,059 | -€44 | -4.0% |
| Gross operating margin | 9900 | €3,694 | €45,963 | +€42,269 | +1,144% |
| Operating profit (loss) | 9901 | -€12,978 | €33,571 | +€46,549 | |
| Financial income | 75/76B | €0 | €56 | +€56 | |
| Recurring financial income | 75 | €0 | €56 | +€56 | |
| Financial charges | 65/66B | €190 | €202 | +€13 | +6.7% |
| Recurring financial charges | 65 | €190 | €202 | +€13 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,168 | €33,424 | +€46,592 | |
| Income taxes | 67/77 | €0 | €6,834 | +€6,834 | |
| Profit (loss) for the period | 9904 | -€13,168 | €26,591 | +€39,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,168 | €26,591 | +€39,758 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.