TER BEKE: 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.
What changed
TER BEKE
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,383
2024 · €22,965-€64,349
Equity
€29.5m
2024 · €29.6m-€41,383
Cash
€185,783
2024 · €188,115-€2,332
Balance sheet total
€56.1m
2024 · €55.1m+€964,748
Largest movements
Assets
- Receivables after one year +€1.2m
up €1.2m (+4.1%), from €29.1m to €30.3m
Equity and liabilities
- Debts after one year +€964,227
up €964,227 (+3.9%), from €24.6m to €25.6m
Income statement
- Financial charges +€73,182
up €73,182 (+4.7%), from €1.6m to €1.6m
- Gross operating margin +€47,500
up €47,500 (+8.7%), from €548,522 to €596,022
- Financial income -€38,142
down €38,142 (-3.6%), from €1.1m to €1.0m
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.
Result 2024
€22,965
Gross operating margin
+€47,500
Depreciation
+€0
Other operating charges
-€82
Financial income
-€38,142
Financial charges
-€73,182
Taxes
-€442
Result 2025
-€41,383
raises the resultlowers the result
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.
From operations
-€954,781
Investment
-€11,778
Financing
+€964,227
Cash 2024
€188,115
From operations (derived)
-€954,781
Net result for the year
-€41,383
Depreciation
+€8,126
Receivables after one year
-€1.2m
Receivables within one year
+€230,300
Trade debts
-€96,028
Other debts
-€25,517
Accrued charges and deferred income
+€163,450
Investment (derived)
-€11,778
Investment in fixed assets (net)
-€11,778
Financing
+€964,227
Debts after one year
+€964,227
Cash 2025
€185,783
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,094,379 | €56,059,127 | +€964,748 | +1.8% |
| Fixed assets | 21/28 | €24,548,146 | €24,551,798 | +€3,652 | 0.0% |
| Tangible fixed assets | 22/27 | €11,644 | €3,518 | -€8,126 | -69.8% |
| Furniture and vehicles | 24 | €11,644 | €3,518 | -€8,126 | -69.8% |
| Financial fixed assets | 28 | €24,536,503 | €24,548,280 | +€11,778 | 0.0% |
| Current assets | 29/58 | €30,546,233 | €31,507,329 | +€961,096 | +3.1% |
| Amounts receivable after more than one year | 29 | €29,108,607 | €30,302,335 | +€1.2m | +4.1% |
| Other amounts receivable | 291 | €29,108,607 | €30,302,335 | +€1.2m | +4.1% |
| Amounts receivable within one year | 40/41 | €1,249,511 | €1,019,211 | -€230,300 | -18.4% |
| Trade receivables | 40 | €1,160,409 | €784,573 | -€375,837 | -32.4% |
| Other amounts receivable | 41 | €89,102 | €234,639 | +€145,536 | +163% |
| Cash at bank and in hand | 54/58 | €188,115 | €185,783 | -€2,332 | -1.2% |
| Total equity and liabilities | 10/49 | €55,094,379 | €56,059,127 | +€964,748 | +1.8% |
| Equity | 10/15 | €29,586,610 | €29,545,226 | -€41,383 | -0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €29,568,060 | €29,526,676 | -€41,383 | -0.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €29,565,784 | €29,524,401 | -€41,383 | -0.1% |
| Amounts payable | 17/49 | €25,507,769 | €26,513,901 | +€1.0m | +3.9% |
| Amounts payable after more than one year | 17 | €24,629,990 | €25,594,216 | +€964,227 | +3.9% |
| Financial debts | 170/4 | €24,629,990 | €25,594,216 | +€964,227 | +3.9% |
| Amounts payable within one year | 42/48 | €655,243 | €533,699 | -€121,545 | -18.5% |
| Trade debts | 44 | €592,837 | €496,809 | -€96,028 | -16.2% |
| Suppliers | 440/4 | €592,837 | €496,809 | -€96,028 | -16.2% |
| Taxes, remuneration and social security | 45 | €36,890 | €36,890 | = | 0.0% |
| Taxes | 450/3 | €36,890 | €36,890 | = | 0.0% |
| Other amounts payable | 47/48 | €25,517 | - | -€25,517 | |
| Accrued charges and deferred income | 492/3 | €222,536 | €385,986 | +€163,450 | +73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,126 | €8,126 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,884 | €1,967 | +€82 | +4.4% |
| Gross operating margin | 9900 | €548,522 | €596,022 | +€47,500 | +8.7% |
| Operating profit (loss) | 9901 | €538,512 | €585,930 | +€47,418 | +8.8% |
| Financial income | 75/76B | €1,051,097 | €1,012,955 | -€38,142 | -3.6% |
| Recurring financial income | 75 | €1,051,097 | €1,012,955 | -€38,142 | -3.6% |
| Financial charges | 65/66B | €1,566,644 | €1,639,826 | +€73,182 | +4.7% |
| Recurring financial charges | 65 | €1,566,644 | €1,639,826 | +€73,182 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €22,965 | -€40,941 | -€63,907 | |
| Income taxes | 67/77 | - | €442 | +€442 | |
| Profit (loss) for the period | 9904 | €22,965 | -€41,383 | -€64,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,965 | -€41,383 | -€64,349 |
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 20 October 2026 via checked.be.