Groep Terryn Construct: 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.
What changed
Groep Terryn Construct
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €116,260+€2.0m
Equity
€5.3m
2024 · €3.2m+€2.1m
Cash
-
not filed
Balance sheet total
€5.9m
2024 · €3.2m+€2.7m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+94.5%), from €3.0m to €5.9m
of which Other amounts receivable: +€2.8m
- Tangible fixed assets -€158,519
no longer reported in 2025 (was €158,519)
of which Land and buildings: -€137,097
Equity and liabilities
- Profit (loss) carried forward +€2.1m
up €2.1m (+147.2%), from €1.4m to €3.6m
- Tax, wage and social debts +€550,162
up €550,162 (+176883.9%), from €311 to €550,473
of which Taxes: +€490,162
Income statement
- Taxes +€494,804
up €494,804 (+1316.2%), from €37,594 to €532,398
- Staff costs +€60,000
new in 2025: €60,000
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.
Result 2024
€116,260
Staff costs
-€60,000
Depreciation
-€9,919
Other operating charges
+€292
Other operating items
+€2.6m
Financial income
-€39,914
Financial charges
+€2,174
Taxes
-€494,804
Result 2025
€2.1m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,195,252 | €5,873,501 | +€2.7m | +83.8% |
| Fixed assets | 21/28 | €158,519 | - | -€158,519 | |
| Tangible fixed assets | 22/27 | €158,519 | - | -€158,519 | |
| Land and buildings | 22 | €137,097 | - | -€137,097 | |
| Plant, machinery and equipment | 23 | €21,236 | - | -€21,236 | |
| Furniture and vehicles | 24 | €186 | - | -€186 | |
| Current assets | 29/58 | €3,036,733 | €5,873,501 | +€2.8m | +93.4% |
| Amounts receivable within one year | 40/41 | €3,011,407 | €5,857,541 | +€2.8m | +94.5% |
| Trade receivables | 40 | €756 | - | -€756 | |
| Other amounts receivable | 41 | €3,010,651 | €5,857,541 | +€2.8m | +94.6% |
| Deferred charges and accrued income | 490/1 | €25,326 | €15,961 | -€9,365 | -37.0% |
| Total equity and liabilities | 10/49 | €3,195,252 | €5,873,501 | +€2.7m | +83.8% |
| Equity | 10/15 | €3,168,582 | €5,297,190 | +€2.1m | +67.2% |
| Contributions | 10/11 | €1,240,000 | €1,240,000 | = | 0.0% |
| Capital | 10 | €1,240,000 | €1,240,000 | = | 0.0% |
| Issued capital | 100 | €1,240,000 | €1,240,000 | = | 0.0% |
| Reserves | 13 | €482,827 | €482,827 | = | 0.0% |
| Non-distributable reserves | 130/1 | €158,705 | €158,705 | = | 0.0% |
| Legal reserve | 130 | €124,000 | €124,000 | = | 0.0% |
| Other | 1319 | €34,705 | €34,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €188,122 | €188,122 | = | 0.0% |
| Distributable reserves | 133 | €136,000 | €136,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,445,755 | €3,574,363 | +€2.1m | +147.2% |
| Amounts payable | 17/49 | €26,670 | €576,312 | +€549,642 | +2060.9% |
| Amounts payable within one year | 42/48 | €26,670 | €573,627 | +€546,957 | +2050.8% |
| Trade debts | 44 | €26,359 | €23,154 | -€3,205 | -12.2% |
| Suppliers | 440/4 | €26,359 | €23,154 | -€3,205 | -12.2% |
| Taxes, remuneration and social security | 45 | €311 | €550,473 | +€550,162 | +176883.9% |
| Taxes | 450/3 | €311 | €490,473 | +€490,162 | +157593.2% |
| Remuneration and social security | 454/9 | - | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,685 | +€2,685 | |
| Operating income | 70/76A | €225,466 | €2,871,307 | +€2.6m | +1173.5% |
| Other operating income | 74 | €225,466 | €178,404 | -€47,062 | -20.9% |
| Non-recurring operating income | 76A | - | €2,692,903 | +€2.7m | |
| Operating charges | 60/66A | €170,809 | €271,758 | +€100,949 | +59.1% |
| Goods for resale, raw materials and consumables | 60 | €20,138 | €12,506 | -€7,632 | -37.9% |
| Purchases | 600/8 | €20,138 | €12,506 | -€7,632 | -37.9% |
| Services and other goods | 61 | €68,680 | €72,660 | +€3,981 | +5.8% |
| Remuneration, social security and pensions | 62 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,503 | €21,422 | +€9,919 | +86.2% |
| Other operating charges | 640/8 | €70,487 | €70,195 | -€292 | -0.4% |
| Non-recurring operating charges | 66A | - | €34,975 | +€34,975 | |
| Operating profit (loss) | 9901 | €54,657 | €2,599,550 | +€2.5m | +4656.1% |
| Financial income | 75/76B | €102,139 | €62,226 | -€39,914 | -39.1% |
| Recurring financial income | 75 | €102,139 | €62,226 | -€39,914 | -39.1% |
| Income from current assets | 751 | €102,139 | €62,226 | -€39,914 | -39.1% |
| Financial charges | 65/66B | €2,943 | €769 | -€2,174 | -73.9% |
| Recurring financial charges | 65 | €2,943 | €769 | -€2,174 | -73.9% |
| Other financial charges | 652/9 | €2,943 | €769 | -€2,174 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €153,854 | €2,661,006 | +€2.5m | +1629.6% |
| Income taxes | 67/77 | €37,594 | €532,398 | +€494,804 | +1316.2% |
| Taxes | 670/3 | €37,594 | €532,398 | +€494,804 | +1316.2% |
| Profit (loss) for the period | 9904 | €116,260 | €2,128,608 | +€2.0m | +1730.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,260 | €2,128,608 | +€2.0m | +1730.9% |
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 6 October 2026 via checked.be.