TeMaCom: 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.
TeMaCom
Largest movements
- Current investments +€228,017
new in 2025: €228,017
- Cash -€182,384
down €182,384 (-72.2%), from €252,472 to €70,088
mainly Current investments (-€228,017) and Contributions, distributions and other (-€102,822)
- Receivables within one year -€21,018
down €21,018 (-49.0%), from €42,860 to €21,841
- Tangible fixed assets -€16,876
down €16,876 (-19.0%), from €88,824 to €71,949
of which Furniture and vehicles: -€15,992
- Other debts +€6,556
up €6,556 (+6.2%), from €104,955 to €111,511
- Gross operating margin +€9,309
up €9,309 (+6.6%), from €142,085 to €151,394
- Depreciation +€5,664
up €5,664 (+38.0%), from €14,917 to €20,581
- Financial income -€3,768
down €3,768 (-76.4%), from €4,930 to €1,161
- Other operating charges -€1,786
down €1,786 (-92.8%), from €1,925 to €139
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.
Derived cash bridge
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 | €384,830 | €392,568 | +€7,738 | +2.0% |
| Fixed assets | 21/28 | €88,929 | €72,054 | -€16,876 | -19.0% |
| Tangible fixed assets | 22/27 | €88,824 | €71,949 | -€16,876 | -19.0% |
| Plant, machinery and equipment | 23 | €3,933 | €3,501 | -€432 | -11.0% |
| Furniture and vehicles | 24 | €83,526 | €67,534 | -€15,992 | -19.1% |
| Other tangible fixed assets | 26 | €1,365 | €914 | -€452 | -33.1% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €295,901 | €320,514 | +€24,614 | +8.3% |
| Amounts receivable within one year | 40/41 | €42,860 | €21,841 | -€21,018 | -49.0% |
| Trade receivables | 40 | €42,860 | €21,841 | -€21,018 | -49.0% |
| Current investments | 50/53 | - | €228,017 | +€228,017 | |
| Cash at bank and in hand | 54/58 | €252,472 | €70,088 | -€182,384 | -72.2% |
| Deferred charges and accrued income | 490/1 | €569 | €568 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €384,830 | €392,568 | +€7,738 | +2.0% |
| Equity | 10/15 | €261,790 | €261,790 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €258,790 | €258,790 | = | 0.0% |
| Distributable reserves | 133 | €258,790 | €258,790 | = | 0.0% |
| Amounts payable | 17/49 | €123,040 | €130,778 | +€7,738 | +6.3% |
| Amounts payable within one year | 42/48 | €122,113 | €130,778 | +€8,665 | +7.1% |
| Trade debts | 44 | €2,881 | €4,879 | +€1,998 | +69.3% |
| Suppliers | 440/4 | €2,881 | €4,879 | +€1,998 | +69.3% |
| Taxes, remuneration and social security | 45 | €14,277 | €14,389 | +€112 | +0.8% |
| Taxes | 450/3 | €14,277 | €14,389 | +€112 | +0.8% |
| Other amounts payable | 47/48 | €104,955 | €111,511 | +€6,556 | +6.2% |
| Accrued charges and deferred income | 492/3 | €927 | - | -€927 | |
| Non-recurring operating income | 76A | €12,128 | - | -€12,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,917 | €20,581 | +€5,664 | +38.0% |
| Other operating charges | 640/8 | €1,925 | €139 | -€1,786 | -92.8% |
| Non-recurring operating charges | 66A | - | €610 | +€610 | |
| Gross operating margin | 9900 | €142,085 | €151,394 | +€9,309 | +6.6% |
| Operating profit (loss) | 9901 | €125,243 | €130,064 | +€4,821 | +3.8% |
| Financial income | 75/76B | €4,930 | €1,161 | -€3,768 | -76.4% |
| Recurring financial income | 75 | €4,930 | €1,161 | -€3,768 | -76.4% |
| Financial charges | 65/66B | €126 | €188 | +€62 | +49.2% |
| Recurring financial charges | 65 | €126 | €188 | +€62 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €130,047 | €131,038 | +€991 | +0.8% |
| Income taxes | 67/77 | €27,428 | €28,216 | +€788 | +2.9% |
| Profit (loss) for the period | 9904 | €102,619 | €102,822 | +€203 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,619 | €102,822 | +€203 | +0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.