Termunck: what changed
Two fiscal 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.
Termunck
Largest movements
- Cash +€22,069
up €22,069 (+271.7%), from €8,123 to €30,191
mainly Net result for the year (+€26,984) and Other debts (+€7,976)
- Receivables within one year +€3,671
new in 2025: €3,671
of which Trade receivables: +€3,660
- Tangible fixed assets -€2,232
down €2,232 (-44.6%), from €5,008 to €2,776
of which Leasing and similar rights: -€1,383
- Deferred charges and accrued income +€408
up €408, from €0 to €408
- Profit (loss) carried forward +€11,694
up €11,694, from -€11,694 to €0
- Other debts +€7,976
up €7,976 (+45.6%), from €17,508 to €25,484
- Tax, wage and social debts +€6,273
new in 2025: €6,273
- Trade debts -€2,027
down €2,027 (-87.5%), from €2,316 to €289
- Gross operating margin +€35,984
up €35,984, from -€1,432 to €34,552
- Taxes +€3,979
new in 2025: €3,979
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.
Cash bridge derived
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 | €13,131 | €37,046 | +€23,915 | +182.1% |
| Fixed assets | 21/28 | €5,008 | €2,776 | -€2,232 | -44.6% |
| Tangible fixed assets | 22/27 | €5,008 | €2,776 | -€2,232 | -44.6% |
| Furniture and vehicles | 24 | €2,702 | €1,853 | -€849 | -31.4% |
| Leasing and similar rights | 25 | €2,306 | €923 | -€1,383 | -60.0% |
| Current assets | 29/58 | €8,123 | €34,270 | +€26,147 | +321.9% |
| Amounts receivable within one year | 40/41 | - | €3,671 | +€3,671 | |
| Trade receivables | 40 | - | €3,660 | +€3,660 | |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €8,123 | €30,191 | +€22,069 | +271.7% |
| Deferred charges and accrued income | 490/1 | €0 | €408 | +€408 | |
| Total equity and liabilities | 10/49 | €13,131 | €37,046 | +€23,915 | +182.1% |
| Equity | 10/15 | -€6,694 | €5,000 | +€11,694 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,694 | €0 | +€11,694 | |
| Amounts payable | 17/49 | €19,824 | €32,046 | +€12,221 | +61.6% |
| Amounts payable within one year | 42/48 | €19,824 | €32,046 | +€12,221 | +61.6% |
| Trade debts | 44 | €2,316 | €289 | -€2,027 | -87.5% |
| Suppliers | 440/4 | €2,316 | €289 | -€2,027 | -87.5% |
| Taxes, remuneration and social security | 45 | - | €6,273 | +€6,273 | |
| Taxes | 450/3 | - | €6,273 | +€6,273 | |
| Other amounts payable | 47/48 | €17,508 | €25,484 | +€7,976 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,112 | €2,232 | +€120 | +5.7% |
| Other operating charges | 640/8 | €1,597 | €1,262 | -€335 | -21.0% |
| Gross operating margin | 9900 | -€1,432 | €34,552 | +€35,984 | |
| Operating profit (loss) | 9901 | -€5,141 | €31,058 | +€36,199 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €94 | +€21 | +28.5% |
| Recurring financial charges | 65 | €74 | €94 | +€21 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,215 | €30,963 | +€36,178 | |
| Income taxes | 67/77 | - | €3,979 | +€3,979 | |
| Profit (loss) for the period | 9904 | -€5,215 | €26,984 | +€32,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,215 | €26,984 | +€32,199 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.