TER BEUKEN: 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 BEUKEN
Largest movements
- Tangible fixed assets -€52,484
down €52,484 (-4.2%), from €1.3m to €1.2m
of which Land and buildings: -€51,336
- Current investments -€48,312
down €48,312 (-6.5%), from €741,559 to €693,247
- Cash +€38,647
up €38,647 (+196%), from €19,708 to €58,354
mainly Depreciation (+€52,484) and Current investments (+€48,312)
- Other debts -€37,087
down €37,087 (-32.2%), from €115,064 to €77,977
- Financial charges -€36,930
down €36,930, from €14,972 to -€21,958
- Financial income +€35,376
up €35,376 (+585%), from €6,052 to €41,428
- Other operating charges -€6,096
down €6,096 (-22.8%), from €26,702 to €20,606
- Gross operating margin -€5,634
down €5,634 (-146%), from -€3,864 to -€9,498
- Taxes -€2,390
down €2,390, from €1,195 to -€1,195
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 | €2,164,791 | €2,102,326 | -€62,465 | -2.9% |
| Fixed assets | 21/28 | €1,257,210 | €1,204,726 | -€52,484 | -4.2% |
| Tangible fixed assets | 22/27 | €1,256,560 | €1,204,076 | -€52,484 | -4.2% |
| Land and buildings | 22 | €1,254,543 | €1,203,207 | -€51,336 | -4.1% |
| Plant, machinery and equipment | 23 | €2,017 | €868 | -€1,148 | -56.9% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €907,581 | €897,600 | -€9,981 | -1.1% |
| Amounts receivable within one year | 40/41 | €136,268 | €136,177 | -€90 | -0.1% |
| Trade receivables | 40 | €133,844 | €124,386 | -€9,458 | -7.1% |
| Other amounts receivable | 41 | €2,423 | €11,791 | +€9,368 | +387% |
| Current investments | 50/53 | €741,559 | €693,247 | -€48,312 | -6.5% |
| Cash at bank and in hand | 54/58 | €19,708 | €58,354 | +€38,647 | +196% |
| Deferred charges and accrued income | 490/1 | €10,047 | €9,822 | -€225 | -2.2% |
| Total equity and liabilities | 10/49 | €2,164,791 | €2,102,326 | -€62,465 | -2.9% |
| Equity | 10/15 | €2,036,399 | €2,018,392 | -€18,008 | -0.9% |
| Contributions | 10/11 | €804,730 | €804,730 | = | 0.0% |
| Capital | 10 | €752,500 | €752,500 | = | 0.0% |
| Issued capital | 100 | €752,500 | €752,500 | = | 0.0% |
| Contributions outside capital | 11 | €52,230 | €52,230 | = | 0.0% |
| Share premium | 1100/10 | €52,230 | €52,230 | = | 0.0% |
| Reserves | 13 | €1,830,943 | €1,830,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,684 | €75,684 | = | 0.0% |
| Legal reserve | 130 | €75,250 | €75,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €434 | €434 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,893 | €11,893 | = | 0.0% |
| Distributable reserves | 133 | €1,743,365 | €1,743,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€599,273 | -€617,281 | -€18,008 | -3.0% |
| Amounts payable | 17/49 | €128,391 | €83,934 | -€44,457 | -34.6% |
| Amounts payable within one year | 42/48 | €128,391 | €83,934 | -€44,457 | -34.6% |
| Trade debts | 44 | €13,328 | €5,958 | -€7,370 | -55.3% |
| Suppliers | 440/4 | €13,328 | €5,958 | -€7,370 | -55.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €115,064 | €77,977 | -€37,087 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,185 | €52,484 | -€1,701 | -3.1% |
| Other operating charges | 640/8 | €26,702 | €20,606 | -€6,096 | -22.8% |
| Gross operating margin | 9900 | -€3,864 | -€9,498 | -€5,634 | -146% |
| Operating profit (loss) | 9901 | -€84,752 | -€82,588 | +€2,163 | +2.6% |
| Financial income | 75/76B | €6,052 | €41,428 | +€35,376 | +585% |
| Recurring financial income | 75 | €6,052 | €41,428 | +€35,376 | +585% |
| Financial charges | 65/66B | €14,972 | -€21,958 | -€36,930 | |
| Recurring financial charges | 65 | €14,972 | -€21,958 | -€36,930 | |
| Profit (loss) for the period before taxes | 9903 | -€93,672 | -€19,203 | +€74,469 | +79.5% |
| Income taxes | 67/77 | €1,195 | -€1,195 | -€2,390 | |
| Profit (loss) for the period | 9904 | -€94,867 | -€18,008 | +€76,859 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,867 | -€18,008 | +€76,859 | +81.0% |
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 26 October 2026 via checked.be.