DE TERP: 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.
DE TERP
Largest movements
- Cash -€177,475
down €177,475 (-87.5%), from €202,862 to €25,386
mainly Current investments (-€150,000) and Debts after one year (-€83,402)
- Current investments +€150,000
new in 2025: €150,000
- Tangible fixed assets -€41,760
down €41,760 (-3.1%), from €1.3m to €1.3m
of which Land and buildings: -€41,570
- Debts after one year -€83,402
down €83,402 (-21.5%), from €387,447 to €304,045
- Profit (loss) carried forward +€15,688
up €15,688 (+4.9%), from -€321,689 to -€306,001
- Financial income +€5,111
up €5,111 (+3805.2%), from €134 to €5,245
- Other operating charges -€1,554
down €1,554 (-8.7%), from €17,924 to €16,370
- Financial charges -€973
down €973 (-22.6%), from €4,305 to €3,331
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 | €1,535,565 | €1,468,124 | -€67,441 | -4.4% |
| Fixed assets | 21/28 | €1,330,654 | €1,288,894 | -€41,760 | -3.1% |
| Tangible fixed assets | 22/27 | €1,330,654 | €1,288,894 | -€41,760 | -3.1% |
| Land and buildings | 22 | €1,330,020 | €1,288,450 | -€41,570 | -3.1% |
| Plant, machinery and equipment | 23 | €634 | €444 | -€190 | -29.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €204,911 | €179,230 | -€25,681 | -12.5% |
| Amounts receivable within one year | 40/41 | €169 | €1,536 | +€1,366 | +806.2% |
| Trade receivables | 40 | €127 | €290 | +€164 | +129.2% |
| Other amounts receivable | 41 | €43 | €1,246 | +€1,203 | +2799.2% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €202,862 | €25,386 | -€177,475 | -87.5% |
| Deferred charges and accrued income | 490/1 | €1,880 | €2,308 | +€428 | +22.7% |
| Total equity and liabilities | 10/49 | €1,535,565 | €1,468,124 | -€67,441 | -4.4% |
| Equity | 10/15 | €1,018,735 | €1,034,423 | +€15,688 | +1.5% |
| Contributions | 10/11 | €882,000 | €882,000 | = | 0.0% |
| Reserves | 13 | €458,424 | €458,424 | = | 0.0% |
| Distributable reserves | 133 | €458,424 | €458,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,689 | -€306,001 | +€15,688 | +4.9% |
| Amounts payable | 17/49 | €516,830 | €433,701 | -€83,129 | -16.1% |
| Amounts payable after more than one year | 17 | €387,447 | €304,045 | -€83,402 | -21.5% |
| Financial debts | 170/4 | €387,447 | €304,045 | -€83,402 | -21.5% |
| Amounts payable within one year | 42/48 | €125,905 | €125,207 | -€698 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €82,779 | €83,402 | +€623 | +0.8% |
| Trade debts | 44 | €1,490 | €451 | -€1,039 | -69.7% |
| Suppliers | 440/4 | €1,490 | €451 | -€1,039 | -69.7% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €39,136 | €38,854 | -€282 | -0.7% |
| Accrued charges and deferred income | 492/3 | €3,478 | €4,449 | +€971 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,760 | €41,760 | = | 0.0% |
| Other operating charges | 640/8 | €17,924 | €16,370 | -€1,554 | -8.7% |
| Gross operating margin | 9900 | €71,819 | €72,216 | +€397 | +0.6% |
| Operating profit (loss) | 9901 | €12,135 | €14,086 | +€1,952 | +16.1% |
| Financial income | 75/76B | €134 | €5,245 | +€5,111 | +3805.2% |
| Recurring financial income | 75 | €134 | €5,245 | +€5,111 | +3805.2% |
| Financial charges | 65/66B | €4,305 | €3,331 | -€973 | -22.6% |
| Recurring financial charges | 65 | €4,305 | €3,331 | -€973 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €7,965 | €16,000 | +€8,036 | +100.9% |
| Income taxes | 67/77 | €297 | €312 | +€15 | +5.0% |
| Profit (loss) for the period | 9904 | €7,667 | €15,688 | +€8,021 | +104.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,667 | €15,688 | +€8,021 | +104.6% |
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 12 October 2026 via checked.be.