Demat Terra: 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.
Demat Terra
Largest movements
- Cash +€302,914
up €302,914 (+1,137%), from €26,632 to €329,546
mainly Net result for the year (+€253,846) and Stocks and contracts (+€176,559)
- Stocks and contracts -€176,559
down €176,559 (-44.4%), from €397,237 to €220,679
- Receivables within one year +€78,417
up €78,417 (+17.1%), from €458,586 to €537,002
- Reserves +€253,846
up €253,846 (+56.2%), from €451,597 to €705,443
- Tax, wage and social debts -€49,548
down €49,548 (-22.3%), from €222,463 to €172,915
- Gross operating margin +€244,719
up €244,719 (+186%), from €131,554 to €376,272
- Taxes +€83,852
up €83,852 (+189%), from €44,463 to €128,315
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 | €882,455 | €1,087,227 | +€204,772 | +23.2% |
| Current assets | 29/58 | €882,455 | €1,087,227 | +€204,772 | +23.2% |
| Stocks and contracts in progress | 3 | €397,237 | €220,679 | -€176,559 | -44.4% |
| Stocks | 30/36 | €397,237 | €220,679 | -€176,559 | -44.4% |
| Amounts receivable within one year | 40/41 | €458,586 | €537,002 | +€78,417 | +17.1% |
| Other amounts receivable | 41 | €458,586 | €537,002 | +€78,417 | +17.1% |
| Cash at bank and in hand | 54/58 | €26,632 | €329,546 | +€302,914 | +1,137% |
| Total equity and liabilities | 10/49 | €882,455 | €1,087,227 | +€204,772 | +23.2% |
| Equity | 10/15 | €484,391 | €738,236 | +€253,846 | +52.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €451,597 | €705,443 | +€253,846 | +56.2% |
| Distributable reserves | 133 | €451,597 | €705,443 | +€253,846 | +56.2% |
| Profit (loss) carried forward | 14 | €20,393 | €20,393 | = | 0.0% |
| Amounts payable | 17/49 | €398,064 | €348,991 | -€49,074 | -12.3% |
| Amounts payable within one year | 42/48 | €394,644 | €348,991 | -€45,654 | -11.6% |
| Trade debts | 44 | €2,398 | €998 | -€1,400 | -58.4% |
| Suppliers | 440/4 | €2,398 | €998 | -€1,400 | -58.4% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €222,463 | €172,915 | -€49,548 | -22.3% |
| Taxes | 450/3 | €222,463 | €172,915 | -€49,548 | -22.3% |
| Other amounts payable | 47/48 | €149,783 | €155,077 | +€5,294 | +3.5% |
| Accrued charges and deferred income | 492/3 | €3,420 | - | -€3,420 | |
| Other operating charges | 640/8 | €1,175 | €612 | -€563 | -47.9% |
| Gross operating margin | 9900 | €131,554 | €376,272 | +€244,719 | +186% |
| Operating profit (loss) | 9901 | €130,379 | €375,661 | +€245,281 | +188% |
| Financial income | 75/76B | €7,831 | €9,400 | +€1,569 | +20.0% |
| Recurring financial income | 75 | €7,831 | €9,400 | +€1,569 | +20.0% |
| Financial charges | 65/66B | €4,354 | €2,900 | -€1,454 | -33.4% |
| Recurring financial charges | 65 | €4,354 | €2,900 | -€1,454 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €133,856 | €382,161 | +€248,305 | +186% |
| Income taxes | 67/77 | €44,463 | €128,315 | +€83,852 | +189% |
| Profit (loss) for the period | 9904 | €89,393 | €253,846 | +€164,453 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €89,393 | €253,846 | +€164,453 | +184% |
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 26 October 2026 via checked.be.