Termunckhof: 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.
Termunckhof
Largest movements
- Cash +€3,916
up €3,916 (+58.6%), from €6,679 to €10,595
mainly Depreciation (+€17,443) and Current portion of long-term debt (+€7,602)
- Current portion of long-term debt +€7,602
up €7,602 (+132.2%), from €5,753 to €13,355
- Trade debts -€6,418
down €6,418 (-36.9%), from €17,410 to €10,992
- Debts after one year -€5,464
down €5,464 (-26.0%), from €21,010 to €15,546
- Profit (loss) carried forward +€4,809
up €4,809 (+6.2%), from €78,049 to €82,858
- Other debts +€4,078
up €4,078 (+25.7%), from €15,882 to €19,960
- Gross operating margin +€4,767
up €4,767 (+20.1%), from €23,745 to €28,512
- Depreciation +€1,193
up €1,193 (+7.3%), from €16,250 to €17,443
- Taxes +€886
up €886 (+123.5%), from €717 to €1,603
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 | €200,960 | €205,666 | +€4,706 | +2.3% |
| Fixed assets | 21/28 | €192,062 | €193,594 | +€1,531 | +0.8% |
| Tangible fixed assets | 22/27 | €192,062 | €193,594 | +€1,531 | +0.8% |
| Land and buildings | 22 | €192,062 | €193,594 | +€1,531 | +0.8% |
| Current assets | 29/58 | €8,898 | €12,072 | +€3,175 | +35.7% |
| Amounts receivable within one year | 40/41 | €809 | - | -€809 | |
| Other amounts receivable | 41 | €809 | - | -€809 | |
| Cash at bank and in hand | 54/58 | €6,679 | €10,595 | +€3,916 | +58.6% |
| Deferred charges and accrued income | 490/1 | €1,409 | €1,477 | +€68 | +4.8% |
| Total equity and liabilities | 10/49 | €200,960 | €205,666 | +€4,706 | +2.3% |
| Equity | 10/15 | €124,405 | €129,214 | +€4,809 | +3.9% |
| Contributions | 10/11 | €42,142 | €42,142 | = | 0.0% |
| Reserves | 13 | €4,214 | €4,214 | = | 0.0% |
| Distributable reserves | 133 | €4,214 | €4,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,049 | €82,858 | +€4,809 | +6.2% |
| Provisions and deferred taxes | 16 | €16,500 | €16,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,500 | €16,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable | 17/49 | €60,055 | €59,952 | -€103 | -0.2% |
| Amounts payable after more than one year | 17 | €21,010 | €15,546 | -€5,464 | -26.0% |
| Financial debts | 170/4 | €21,010 | €15,546 | -€5,464 | -26.0% |
| Amounts payable within one year | 42/48 | €39,045 | €44,405 | +€5,360 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €5,753 | €13,355 | +€7,602 | +132.2% |
| Trade debts | 44 | €17,410 | €10,992 | -€6,418 | -36.9% |
| Suppliers | 440/4 | €17,410 | €10,992 | -€6,418 | -36.9% |
| Taxes, remuneration and social security | 45 | - | €99 | +€99 | |
| Taxes | 450/3 | - | €99 | +€99 | |
| Other amounts payable | 47/48 | €15,882 | €19,960 | +€4,078 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,250 | €17,443 | +€1,193 | +7.3% |
| Other operating charges | 640/8 | €3,711 | €3,594 | -€117 | -3.1% |
| Gross operating margin | 9900 | €23,745 | €28,512 | +€4,767 | +20.1% |
| Operating profit (loss) | 9901 | €3,784 | €7,475 | +€3,691 | +97.5% |
| Financial income | 75/76B | €7 | €15 | +€8 | +113.4% |
| Recurring financial income | 75 | €7 | €15 | +€8 | +113.4% |
| Financial charges | 65/66B | €922 | €1,078 | +€155 | +16.8% |
| Recurring financial charges | 65 | €922 | €1,078 | +€155 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €2,868 | €6,412 | +€3,544 | +123.5% |
| Income taxes | 67/77 | €717 | €1,603 | +€886 | +123.5% |
| Profit (loss) for the period | 9904 | €2,151 | €4,809 | +€2,658 | +123.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,151 | €4,809 | +€2,658 | +123.5% |
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.