LA TERRA: 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.
LA TERRA
Largest movements
- Tangible fixed assets -€47,255
down €47,255 (-5.8%), from €818,548 to €771,293
of which Land and buildings: -€43,656
- Cash +€11,795
up €11,795 (+52.4%), from €22,493 to €34,288
mainly Depreciation (+€54,570) and Other debts (+€13,718)
- Debts after one year -€60,369
down €60,369 (-10.1%), from €599,606 to €539,236
of which Financial debts: -€60,369
- Other debts +€13,718
up €13,718 (+67.2%), from €20,420 to €34,138
- Gross operating margin +€13,615
up €13,615 (+19.8%), from €68,923 to €82,538
- Financial charges -€3,151
down €3,151 (-14.2%), from €22,217 to €19,067
- Depreciation +€1,722
up €1,722 (+3.3%), from €52,848 to €54,570
- Other operating charges +€1,131
up €1,131 (+12.0%), from €9,417 to €10,547
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 | €843,847 | €809,110 | -€34,738 | -4.1% |
| Fixed assets | 21/28 | €818,548 | €771,293 | -€47,255 | -5.8% |
| Tangible fixed assets | 22/27 | €818,548 | €771,293 | -€47,255 | -5.8% |
| Land and buildings | 22 | €788,525 | €744,869 | -€43,656 | -5.5% |
| Plant, machinery and equipment | 23 | €1,168 | €6,097 | +€4,929 | +422.0% |
| Furniture and vehicles | 24 | €28,855 | €20,326 | -€8,528 | -29.6% |
| Current assets | 29/58 | €25,299 | €37,817 | +€12,517 | +49.5% |
| Amounts receivable within one year | 40/41 | €90 | €705 | +€615 | +683.2% |
| Trade receivables | 40 | €0 | €705 | +€705 | |
| Other amounts receivable | 41 | €90 | €0 | -€90 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,493 | €34,288 | +€11,795 | +52.4% |
| Deferred charges and accrued income | 490/1 | €2,717 | €2,824 | +€108 | +4.0% |
| Total equity and liabilities | 10/49 | €843,847 | €809,110 | -€34,738 | -4.1% |
| Equity | 10/15 | €127,632 | €125,987 | -€1,646 | -1.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,368 | -€74,013 | -€1,646 | -2.3% |
| Amounts payable | 17/49 | €716,215 | €683,123 | -€33,092 | -4.6% |
| Amounts payable after more than one year | 17 | €599,606 | €539,236 | -€60,369 | -10.1% |
| Financial debts | 170/4 | €399,606 | €339,236 | -€60,369 | -15.1% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,001 | €129,727 | +€29,726 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €59,698 | €60,369 | +€671 | +1.1% |
| Trade debts | 44 | €4,547 | €12,186 | +€7,638 | +168.0% |
| Suppliers | 440/4 | €4,547 | €12,186 | +€7,638 | +168.0% |
| Advances received on contracts in progress | 46 | €15,336 | €22,362 | +€7,026 | +45.8% |
| Taxes, remuneration and social security | 45 | - | €672 | +€672 | |
| Taxes | 450/3 | - | €672 | +€672 | |
| Other amounts payable | 47/48 | €20,420 | €34,138 | +€13,718 | +67.2% |
| Accrued charges and deferred income | 492/3 | €16,608 | €14,160 | -€2,448 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,848 | €54,570 | +€1,722 | +3.3% |
| Other operating charges | 640/8 | €9,417 | €10,547 | +€1,131 | +12.0% |
| Gross operating margin | 9900 | €68,923 | €82,538 | +€13,615 | +19.8% |
| Operating profit (loss) | 9901 | €6,659 | €17,421 | +€10,762 | +161.6% |
| Financial charges | 65/66B | €22,217 | €19,067 | -€3,151 | -14.2% |
| Recurring financial charges | 65 | €22,217 | €19,067 | -€3,151 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,559 | -€1,646 | +€13,913 | +89.4% |
| Profit (loss) for the period | 9904 | -€15,559 | -€1,646 | +€13,913 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,559 | -€1,646 | +€13,913 | +89.4% |
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 8 October 2026 via checked.be.