LA TIERRA: 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.
LA TIERRA
Largest movements
- Tangible fixed assets +€17,043
up €17,043 (+24.9%), from €68,462 to €85,506
of which Plant, machinery and equipment: +€22,752
- Cash -€13,654
down €13,654 (-18.0%), from €75,870 to €62,216
mainly Investment in fixed assets (net) (-€47,410) and Other debts (-€9,452)
- Receivables within one year -€11,454
down €11,454 (-50.5%), from €22,697 to €11,243
of which Trade receivables: -€11,770
- Deferred charges and accrued income +€4,797
new in 2025: €4,797
- Reserves +€17,676
up €17,676 (+20.2%), from €87,402 to €105,078
- Other debts -€9,452
down €9,452 (-92.7%), from €10,199 to €747
- Trade debts -€7,672
down €7,672 (-22.8%), from €33,595 to €25,923
- Current portion of long-term debt -€6,640
down €6,640 (-46.8%), from €14,193 to €7,553
- Debts after one year +€5,726
up €5,726 (+144%), from €3,983 to €9,709
- Staff costs +€38,617
up €38,617 (+34.3%), from €112,519 to €151,136
- Gross operating margin +€18,479
up €18,479 (+9.1%), from €202,216 to €220,695
- Other operating charges -€4,520
down €4,520 (-49.3%), from €9,164 to €4,645
- Taxes -€4,262
down €4,262 (-36.2%), from €11,761 to €7,500
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 | €173,505 | €170,533 | -€2,972 | -1.7% |
| Fixed assets | 21/28 | €68,462 | €85,506 | +€17,043 | +24.9% |
| Tangible fixed assets | 22/27 | €68,462 | €85,506 | +€17,043 | +24.9% |
| Land and buildings | 22 | €4,682 | €4,141 | -€541 | -11.6% |
| Plant, machinery and equipment | 23 | €25,659 | €48,411 | +€22,752 | +88.7% |
| Furniture and vehicles | 24 | €33,233 | €27,171 | -€6,062 | -18.2% |
| Leasing and similar rights | 25 | €4,889 | €931 | -€3,958 | -81.0% |
| Other tangible fixed assets | 26 | - | €4,852 | +€4,852 | |
| Current assets | 29/58 | €105,042 | €85,027 | -€20,015 | -19.1% |
| Stocks and contracts in progress | 3 | €6,475 | €6,772 | +€297 | +4.6% |
| Stocks | 30/36 | €6,475 | €6,772 | +€297 | +4.6% |
| Amounts receivable within one year | 40/41 | €22,697 | €11,243 | -€11,454 | -50.5% |
| Trade receivables | 40 | €22,053 | €10,283 | -€11,770 | -53.4% |
| Other amounts receivable | 41 | €644 | €960 | +€316 | +49.1% |
| Cash at bank and in hand | 54/58 | €75,870 | €62,216 | -€13,654 | -18.0% |
| Deferred charges and accrued income | 490/1 | - | €4,797 | +€4,797 | |
| Total equity and liabilities | 10/49 | €173,505 | €170,533 | -€2,972 | -1.7% |
| Equity | 10/15 | €92,402 | €110,078 | +€17,676 | +19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,402 | €105,078 | +€17,676 | +20.2% |
| Distributable reserves | 133 | €87,402 | €105,078 | +€17,676 | +20.2% |
| Amounts payable | 17/49 | €81,103 | €60,455 | -€20,648 | -25.5% |
| Amounts payable after more than one year | 17 | €3,983 | €9,709 | +€5,726 | +144% |
| Financial debts | 170/4 | €3,983 | €9,709 | +€5,726 | +144% |
| Amounts payable within one year | 42/48 | €77,119 | €50,746 | -€26,374 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €14,193 | €7,553 | -€6,640 | -46.8% |
| Trade debts | 44 | €33,595 | €25,923 | -€7,672 | -22.8% |
| Suppliers | 440/4 | €33,595 | €25,923 | -€7,672 | -22.8% |
| Taxes, remuneration and social security | 45 | €19,132 | €16,523 | -€2,610 | -13.6% |
| Taxes | 450/3 | €7,097 | €2,000 | -€5,097 | -71.8% |
| Remuneration and social security | 454/9 | €12,035 | €14,523 | +€2,488 | +20.7% |
| Other amounts payable | 47/48 | €10,199 | €747 | -€9,452 | -92.7% |
| Remuneration, social security and pensions | 62 | €112,519 | €151,136 | +€38,617 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,306 | €30,366 | +€1,060 | +3.6% |
| Other operating charges | 640/8 | €9,164 | €4,645 | -€4,520 | -49.3% |
| Gross operating margin | 9900 | €202,216 | €220,695 | +€18,479 | +9.1% |
| Operating profit (loss) | 9901 | €51,227 | €34,548 | -€16,678 | -32.6% |
| Financial income | 75/76B | €329 | €63 | -€266 | -80.8% |
| Recurring financial income | 75 | €329 | €63 | -€266 | -80.8% |
| Financial charges | 65/66B | €8,591 | €9,435 | +€845 | +9.8% |
| Recurring financial charges | 65 | €8,591 | €9,435 | +€845 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €42,965 | €25,176 | -€17,789 | -41.4% |
| Income taxes | 67/77 | €11,761 | €7,500 | -€4,262 | -36.2% |
| Profit (loss) for the period | 9904 | €31,204 | €17,676 | -€13,528 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,204 | €17,676 | -€13,528 | -43.4% |
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 31 October 2026 via checked.be.