T.E.R.: 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.
T.E.R.
Largest movements
- Receivables within one year +€331
up €331 (+19.9%), from €1,666 to €1,997
of which Other amounts receivable: +€331
- Profit (loss) carried forward -€12,110
down €12,110 (-7.2%), from -€167,419 to -€179,529
- Other debts +€11,615
up €11,615 (+8.5%), from €136,528 to €148,143
- Trade debts +€887
up €887 (+12.8%), from €6,924 to €7,811
- Short-term financial debts -€61
down €61 (-1.2%), from €5,246 to €5,185
- Gross operating margin -€22,922
down €22,922, from €20,629 to -€2,293
- Other operating charges +€1,556
up €1,556 (+20.7%), from €7,522 to €9,077
- Financial charges -€237
down €237 (-23.1%), from €1,026 to €789
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
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 | €1,666 | €1,997 | +€331 | +19.9% |
| Current assets | 29/58 | €1,666 | €1,997 | +€331 | +19.9% |
| Amounts receivable within one year | 40/41 | €1,666 | €1,997 | +€331 | +19.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,666 | €1,997 | +€331 | +19.9% |
| Total equity and liabilities | 10/49 | €1,666 | €1,997 | +€331 | +19.9% |
| Equity | 10/15 | -€148,869 | -€160,979 | -€12,110 | -8.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,419 | -€179,529 | -€12,110 | -7.2% |
| Amounts payable | 17/49 | €150,534 | €162,975 | +€12,441 | +8.3% |
| Amounts payable within one year | 42/48 | €150,534 | €162,975 | +€12,441 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €1,837 | €1,837 | = | 0.0% |
| Financial debts | 43 | €5,246 | €5,185 | -€61 | -1.2% |
| Credit institutions | 430/8 | €5,246 | €5,185 | -€61 | -1.2% |
| Trade debts | 44 | €6,924 | €7,811 | +€887 | +12.8% |
| Suppliers | 440/4 | €6,924 | €7,811 | +€887 | +12.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €136,528 | €148,143 | +€11,615 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,522 | €9,077 | +€1,556 | +20.7% |
| Gross operating margin | 9900 | €20,629 | -€2,293 | -€22,922 | |
| Operating profit (loss) | 9901 | €13,107 | -€11,370 | -€24,478 | |
| Financial income | 75/76B | €0 | €49 | +€49 | +489,900% |
| Recurring financial income | 75 | €0 | €49 | +€49 | +489,900% |
| Financial charges | 65/66B | €1,026 | €789 | -€237 | -23.1% |
| Recurring financial charges | 65 | €1,026 | €789 | -€237 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €12,081 | -€12,110 | -€24,191 | |
| Profit (loss) for the period | 9904 | €12,081 | -€12,110 | -€24,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,081 | -€12,110 | -€24,191 |
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.