TER BALK: 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.
TER BALK
Largest movements
- Deferred charges and accrued income +€16,096
up €16,096 (+617%), from €2,607 to €18,703
- Other debts +€82,244
up €82,244 (+5.2%), from €1.6m to €1.7m
- Profit (loss) carried forward -€42,830
down €42,830 (-8.5%), from -€504,459 to -€547,290
- Gross operating margin +€14,682
up €14,682, from -€9,763 to €4,919
- Staff costs -€10,838
down €10,838 (-22.4%), from €48,399 to €37,561
- Other operating charges -€1,854
down €1,854 (-19.8%), from €9,374 to €7,521
- Depreciation +€1,056
up €1,056 (+71.5%), from €1,476 to €2,532
- Financial charges -€309
down €309 (-64.9%), from €476 to €167
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 | €1,114,225 | €1,158,302 | +€44,077 | +4.0% |
| Fixed assets | 21/28 | €1,009,141 | €1,020,656 | +€11,515 | +1.1% |
| Tangible fixed assets | 22/27 | €1,009,141 | €1,020,656 | +€11,515 | +1.1% |
| Land and buildings | 22 | €449,993 | €449,924 | -€69 | 0.0% |
| Plant, machinery and equipment | 23 | €539,253 | €550,837 | +€11,583 | +2.1% |
| Furniture and vehicles | 24 | €19,895 | €19,895 | = | 0.0% |
| Current assets | 29/58 | €105,084 | €137,646 | +€32,562 | +31.0% |
| Amounts receivable within one year | 40/41 | €86,710 | €94,254 | +€7,544 | +8.7% |
| Trade receivables | 40 | €0 | €80 | +€80 | |
| Other amounts receivable | 41 | €86,710 | €94,174 | +€7,464 | +8.6% |
| Cash at bank and in hand | 54/58 | €15,767 | €24,689 | +€8,922 | +56.6% |
| Deferred charges and accrued income | 490/1 | €2,607 | €18,703 | +€16,096 | +617% |
| Total equity and liabilities | 10/49 | €1,114,225 | €1,158,302 | +€44,077 | +4.0% |
| Equity | 10/15 | -€479,459 | -€522,290 | -€42,830 | -8.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€504,459 | -€547,290 | -€42,830 | -8.5% |
| Amounts payable | 17/49 | €1,593,685 | €1,680,592 | +€86,907 | +5.5% |
| Amounts payable within one year | 42/48 | €1,593,685 | €1,680,592 | +€86,907 | +5.5% |
| Trade debts | 44 | €5,410 | €8,531 | +€3,121 | +57.7% |
| Suppliers | 440/4 | €5,410 | €8,531 | +€3,121 | +57.7% |
| Taxes, remuneration and social security | 45 | €2,007 | €3,550 | +€1,543 | +76.9% |
| Taxes | 450/3 | €275 | €0 | -€275 | -100% |
| Remuneration and social security | 454/9 | €1,732 | €3,550 | +€1,818 | +105% |
| Other amounts payable | 47/48 | €1,586,268 | €1,668,511 | +€82,244 | +5.2% |
| Remuneration, social security and pensions | 62 | €48,399 | €37,561 | -€10,838 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €2,532 | +€1,056 | +71.5% |
| Other operating charges | 640/8 | €9,374 | €7,521 | -€1,854 | -19.8% |
| Gross operating margin | 9900 | -€9,763 | €4,919 | +€14,682 | |
| Operating profit (loss) | 9901 | -€69,013 | -€42,696 | +€26,317 | +38.1% |
| Financial income | 75/76B | €0 | €32 | +€32 | |
| Recurring financial income | 75 | €0 | €32 | +€32 | |
| Financial charges | 65/66B | €476 | €167 | -€309 | -64.9% |
| Recurring financial charges | 65 | €476 | €167 | -€309 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | -€69,488 | -€42,830 | +€26,658 | +38.4% |
| Profit (loss) for the period | 9904 | -€69,488 | -€42,830 | +€26,658 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,488 | -€42,830 | +€26,658 | +38.4% |
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 17 October 2026 via checked.be.