Néo 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.
Néo Terra
Largest movements
- Tangible fixed assets -€21,000
down €21,000 (-1.2%), from €1.8m to €1.8m
- Debts after one year -€145,387
down €145,387 (-8.8%), from €1.7m to €1.5m
- Reserves +€58,854
new in 2025: €58,854
- Profit (loss) carried forward +€47,168
up €47,168, from -€47,168 to €0
- Tax, wage and social debts +€19,618
new in 2025: €19,618
- Depreciation -€174,518
down €174,518 (-89.3%), from €195,518 to €21,000
- Gross operating margin -€27,279
down €27,279 (-10.9%), from €250,119 to €222,840
- Financial charges -€22,440
down €22,440 (-25.0%), from €89,636 to €67,197
- Taxes +€19,618
new in 2025: €19,618
- Other operating charges -€3,129
down €3,129 (-25.8%), from €12,133 to €9,004
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 | €1,861,026 | €1,846,161 | -€14,864 | -0.8% |
| Fixed assets | 21/28 | €1,809,282 | €1,788,282 | -€21,000 | -1.2% |
| Tangible fixed assets | 22/27 | €1,809,282 | €1,788,282 | -€21,000 | -1.2% |
| Land and buildings | 22 | €1,809,282 | €1,788,282 | -€21,000 | -1.2% |
| Current assets | 29/58 | €51,743 | €57,879 | +€6,136 | +11.9% |
| Cash at bank and in hand | 54/58 | €50,839 | €57,879 | +€7,040 | +13.8% |
| Deferred charges and accrued income | 490/1 | €905 | €0 | -€905 | -100% |
| Total equity and liabilities | 10/49 | €1,861,026 | €1,846,161 | -€14,864 | -0.8% |
| Equity | 10/15 | €52,832 | €158,854 | +€106,022 | +201% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €58,854 | +€58,854 | |
| Distributable reserves | 133 | - | €58,854 | +€58,854 | |
| Profit (loss) carried forward | 14 | -€47,168 | €0 | +€47,168 | |
| Amounts payable | 17/49 | €1,808,193 | €1,687,308 | -€120,886 | -6.7% |
| Amounts payable after more than one year | 17 | €1,653,528 | €1,508,141 | -€145,387 | -8.8% |
| Financial debts | 170/4 | €1,653,528 | €1,508,141 | -€145,387 | -8.8% |
| Amounts payable within one year | 42/48 | €140,666 | €165,167 | +€24,501 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €139,904 | €145,387 | +€5,482 | +3.9% |
| Trade debts | 44 | €761 | €100 | -€661 | -86.9% |
| Suppliers | 440/4 | €761 | €100 | -€661 | -86.9% |
| Taxes, remuneration and social security | 45 | - | €19,618 | +€19,618 | |
| Taxes | 450/3 | - | €19,618 | +€19,618 | |
| Other amounts payable | 47/48 | - | €62 | +€62 | |
| Accrued charges and deferred income | 492/3 | €14,000 | €14,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,518 | €21,000 | -€174,518 | -89.3% |
| Other operating charges | 640/8 | €12,133 | €9,004 | -€3,129 | -25.8% |
| Gross operating margin | 9900 | €250,119 | €222,840 | -€27,279 | -10.9% |
| Operating profit (loss) | 9901 | €42,468 | €192,836 | +€150,368 | +354% |
| Financial charges | 65/66B | €89,636 | €67,197 | -€22,440 | -25.0% |
| Recurring financial charges | 65 | €89,636 | €67,197 | -€22,440 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,168 | €125,639 | +€172,807 | |
| Income taxes | 67/77 | - | €19,618 | +€19,618 | |
| Profit (loss) for the period | 9904 | -€47,168 | €106,022 | +€153,189 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,168 | €106,022 | +€153,189 |
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 16 October 2026 via checked.be.