RD Terryn: 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.
RD Terryn
Largest movements
- Stocks and contracts -€22,070
down €22,070 (-59.3%), from €37,218 to €15,148
of which Contracts in progress: -€11,490
- Receivables within one year -€21,312
down €21,312 (-51.2%), from €41,608 to €20,296
of which Trade receivables: -€33,014
- Tangible fixed assets -€8,508
down €8,508 (-23.2%), from €36,669 to €28,160
- Tax, wage and social debts -€20,720
down €20,720 (-68.9%), from €30,090 to €9,370
- Profit (loss) carried forward -€15,313
new in 2025: -€15,313
- Debts after one year -€7,235
down €7,235 (-36.0%), from €20,080 to €12,845
- Other debts -€3,113
down €3,113 (-90.2%), from €3,453 to €340
- Trade debts -€2,717
down €2,717 (-2.6%), from €103,556 to €100,839
- Staff costs -€13,130
no longer reported in 2025 (was €13,130)
- Financial charges +€6,823
up €6,823 (+124%), from €5,515 to €12,338
of which Non-recurring financial charges: +€10,007
- Depreciation -€5,721
down €5,721 (-39.9%), from €14,329 to €8,608
- Other operating charges +€2,667
up €2,667 (+166%), from €1,604 to €4,271
- Financial income +€1,328
up €1,328 (+1,574%), from €84 to €1,413
of which Non-recurring financial income: +€1,294
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 | €194,254 | €143,069 | -€51,184 | -26.3% |
| Fixed assets | 21/28 | €37,177 | €28,569 | -€8,608 | -23.2% |
| Intangible fixed assets | 21 | €508 | €408 | -€100 | -19.7% |
| Tangible fixed assets | 22/27 | €36,669 | €28,160 | -€8,508 | -23.2% |
| Land and buildings | 22 | €24,797 | €21,219 | -€3,579 | -14.4% |
| Plant, machinery and equipment | 23 | €2,031 | €64 | -€1,967 | -96.9% |
| Furniture and vehicles | 24 | €2,536 | €720 | -€1,816 | -71.6% |
| Other tangible fixed assets | 26 | €7,304 | €6,158 | -€1,146 | -15.7% |
| Current assets | 29/58 | €157,077 | €114,500 | -€42,576 | -27.1% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,218 | €15,148 | -€22,070 | -59.3% |
| Stocks | 30/36 | €21,889 | €11,308 | -€10,580 | -48.3% |
| Contracts in progress | 37 | €15,330 | €3,840 | -€11,490 | -75.0% |
| Amounts receivable within one year | 40/41 | €41,608 | €20,296 | -€21,312 | -51.2% |
| Trade receivables | 40 | €37,955 | €4,941 | -€33,014 | -87.0% |
| Other amounts receivable | 41 | €3,653 | €15,355 | +€11,703 | +320% |
| Cash at bank and in hand | 54/58 | €1,722 | €1,975 | +€253 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,528 | €2,080 | +€553 | +36.2% |
| Total equity and liabilities | 10/49 | €194,254 | €143,069 | -€51,184 | -26.3% |
| Equity | 10/15 | €26,072 | €10,759 | -€15,313 | -58.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,072 | €21,072 | = | 0.0% |
| Distributable reserves | 133 | €21,072 | €21,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,313 | -€15,313 | |
| Amounts payable | 17/49 | €168,181 | €132,310 | -€35,871 | -21.3% |
| Amounts payable after more than one year | 17 | €20,080 | €12,845 | -€7,235 | -36.0% |
| Financial debts | 170/4 | €20,080 | €12,845 | -€7,235 | -36.0% |
| Amounts payable within one year | 42/48 | €146,507 | €117,783 | -€28,723 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €9,408 | €7,235 | -€2,173 | -23.1% |
| Trade debts | 44 | €103,556 | €100,839 | -€2,717 | -2.6% |
| Suppliers | 440/4 | €103,556 | €100,839 | -€2,717 | -2.6% |
| Taxes, remuneration and social security | 45 | €30,090 | €9,370 | -€20,720 | -68.9% |
| Taxes | 450/3 | €30,090 | €9,370 | -€20,720 | -68.9% |
| Other amounts payable | 47/48 | €3,453 | €340 | -€3,113 | -90.2% |
| Accrued charges and deferred income | 492/3 | €1,595 | €1,682 | +€87 | +5.5% |
| Remuneration, social security and pensions | 62 | €13,130 | - | -€13,130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,329 | €8,608 | -€5,721 | -39.9% |
| Other operating charges | 640/8 | €1,604 | €4,271 | +€2,667 | +166% |
| Gross operating margin | 9900 | €9,571 | €8,794 | -€777 | -8.1% |
| Operating profit (loss) | 9901 | -€19,492 | -€4,085 | +€15,407 | +79.0% |
| Financial income | 75/76B | €84 | €1,413 | +€1,328 | +1,574% |
| Recurring financial income | 75 | €84 | €119 | +€35 | +41.0% |
| Non-recurring financial income | 76B | - | €1,294 | +€1,294 | |
| Financial charges | 65/66B | €5,515 | €12,338 | +€6,823 | +124% |
| Recurring financial charges | 65 | €4,499 | €1,315 | -€3,184 | -70.8% |
| Non-recurring financial charges | 66B | €1,016 | €11,023 | +€10,007 | +985% |
| Profit (loss) for the period before taxes | 9903 | -€24,923 | -€15,011 | +€9,912 | +39.8% |
| Income taxes | 67/77 | €295 | €302 | +€8 | +2.6% |
| Profit (loss) for the period | 9904 | -€25,218 | -€15,313 | +€9,905 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,218 | -€15,313 | +€9,905 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.