TER BEEMD: 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 BEEMD
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+51.8%), from €2.0m to €3.1m
of which Land and buildings: +€1.0m
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€101,912
down €101,912 (-51.1%), from €199,301 to €97,390
of which Other amounts receivable: -€123,713
- Debts after one year +€652,866
up €652,866 (+28.0%), from €2.3m to €3.0m
- Reserves +€263,581
up €263,581 (+26.1%), from €1.0m to €1.3m
- Current portion of long-term debt +€125,450
up €125,450 (+29.6%), from €423,544 to €548,994
- Other debts +€98,098
up €98,098 (+24.1%), from €407,505 to €505,603
- Financial charges -€192,150
down €192,150 (-74.0%), from €259,667 to €67,517
of which Non-recurring financial charges: -€201,437
- Gross operating margin +€177,412
up €177,412 (+40.3%), from €440,622 to €618,034
- Depreciation +€77,676
up €77,676 (+99.9%), from €77,716 to €155,392
- Taxes +€46,743
up €46,743 (+65.5%), from €71,381 to €118,124
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 | €4,328,406 | €5,524,883 | +€1.2m | +27.6% |
| Fixed assets | 21/28 | €3,979,556 | €5,029,819 | +€1.1m | +26.4% |
| Tangible fixed assets | 22/27 | €2,027,894 | €3,078,157 | +€1.1m | +51.8% |
| Land and buildings | 22 | €2,027,479 | €3,075,212 | +€1.0m | +51.7% |
| Plant, machinery and equipment | 23 | €415 | €253 | -€161 | -38.9% |
| Furniture and vehicles | 24 | - | €2,692 | +€2,692 | |
| Financial fixed assets | 28 | €1,951,662 | €1,951,662 | = | 0.0% |
| Current assets | 29/58 | €348,850 | €495,064 | +€146,214 | +41.9% |
| Amounts receivable within one year | 40/41 | €199,301 | €97,390 | -€101,912 | -51.1% |
| Trade receivables | 40 | €4,541 | €26,343 | +€21,802 | +480% |
| Other amounts receivable | 41 | €194,760 | €71,047 | -€123,713 | -63.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €147,303 | €192,680 | +€45,376 | +30.8% |
| Deferred charges and accrued income | 490/1 | €2,246 | €4,995 | +€2,749 | +122% |
| Total equity and liabilities | 10/49 | €4,328,406 | €5,524,883 | +€1.2m | +27.6% |
| Equity | 10/15 | €1,121,746 | €1,385,326 | +€263,581 | +23.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €1,011,746 | €1,275,326 | +€263,581 | +26.1% |
| Distributable reserves | 133 | €1,011,746 | €1,275,326 | +€263,581 | +26.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,206,660 | €4,139,557 | +€932,897 | +29.1% |
| Amounts payable after more than one year | 17 | €2,327,644 | €2,980,510 | +€652,866 | +28.0% |
| Financial debts | 170/4 | €2,327,644 | €2,980,510 | +€652,866 | +28.0% |
| Amounts payable within one year | 42/48 | €858,068 | €1,134,221 | +€276,153 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €423,544 | €548,994 | +€125,450 | +29.6% |
| Trade debts | 44 | €6,174 | €11,928 | +€5,754 | +93.2% |
| Suppliers | 440/4 | €6,174 | €11,928 | +€5,754 | +93.2% |
| Taxes, remuneration and social security | 45 | €20,845 | €67,697 | +€46,852 | +225% |
| Taxes | 450/3 | €20,845 | €67,697 | +€46,852 | +225% |
| Other amounts payable | 47/48 | €407,505 | €505,603 | +€98,098 | +24.1% |
| Accrued charges and deferred income | 492/3 | €20,948 | €24,825 | +€3,877 | +18.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,716 | €155,392 | +€77,676 | +99.9% |
| Other operating charges | 640/8 | €14,119 | €15,544 | +€1,426 | +10.1% |
| Gross operating margin | 9900 | €440,622 | €618,034 | +€177,412 | +40.3% |
| Operating profit (loss) | 9901 | €348,787 | €447,098 | +€98,311 | +28.2% |
| Financial income | 75/76B | €2,492 | €2,123 | -€369 | -14.8% |
| Recurring financial income | 75 | €2,492 | €2,123 | -€369 | -14.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €259,667 | €67,517 | -€192,150 | -74.0% |
| Recurring financial charges | 65 | €58,230 | €67,517 | +€9,286 | +15.9% |
| Non-recurring financial charges | 66B | €201,437 | €0 | -€201,437 | -100% |
| Profit (loss) for the period before taxes | 9903 | €91,613 | €381,705 | +€290,092 | +317% |
| Income taxes | 67/77 | €71,381 | €118,124 | +€46,743 | +65.5% |
| Profit (loss) for the period | 9904 | €20,232 | €263,581 | +€243,349 | +1,203% |
| Profit (loss) for the period to be appropriated | 9905 | €20,232 | €263,581 | +€243,349 | +1,203% |
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 15 October 2026 via checked.be.