TER BIEST: what changed
Two fiscal 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 BIEST
Largest movements
- Receivables within one year -€306,729
down €306,729 (-53.9%), from €569,330 to €262,601
- Cash +€190,194
up €190,194 (+84.5%), from €224,951 to €415,145
mainly Receivables within one year (+€306,729) and Depreciation (+€24,213)
- Tax, wage and social debts -€107,301
down €107,301 (-100.0%), from €107,301 to €0
- Financial income -€649,949
down €649,949 (-92.1%), from €705,323 to €55,374
- Taxes -€125,828
down €125,828 (-95.9%), from €131,261 to €5,434
- Financial charges -€36,893
down €36,893 (-99.9%), from €36,923 to €30
- Gross operating margin -€4,356
down €4,356 (-32.3%), from -€13,487 to -€17,842
- Depreciation -€2,477
down €2,477 (-9.3%), from €26,690 to €24,213
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.
Cash bridge derived
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 | €3,656,276 | €3,550,934 | -€105,342 | -2.9% |
| Fixed assets | 21/28 | €571,067 | €546,854 | -€24,213 | -4.2% |
| Tangible fixed assets | 22/27 | €538,585 | €514,372 | -€24,213 | -4.5% |
| Land and buildings | 22 | €521,016 | €503,930 | -€17,086 | -3.3% |
| Furniture and vehicles | 24 | €17,569 | €10,442 | -€7,127 | -40.6% |
| Financial fixed assets | 28 | €32,482 | €32,482 | = | 0.0% |
| Current assets | 29/58 | €3,085,209 | €3,004,080 | -€81,129 | -2.6% |
| Amounts receivable within one year | 40/41 | €569,330 | €262,601 | -€306,729 | -53.9% |
| Other amounts receivable | 41 | €569,330 | €262,601 | -€306,729 | -53.9% |
| Current investments | 50/53 | €2,289,918 | €2,322,430 | +€32,512 | +1.4% |
| Cash at bank and in hand | 54/58 | €224,951 | €415,145 | +€190,194 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,010 | €3,904 | +€2,894 | +286.6% |
| Total equity and liabilities | 10/49 | €3,656,276 | €3,550,934 | -€105,342 | -2.9% |
| Equity | 10/15 | €3,545,471 | €3,546,510 | +€1,039 | 0.0% |
| Contributions | 10/11 | €1,894,550 | €1,894,550 | = | 0.0% |
| Capital | 10 | €1,894,550 | €1,894,550 | = | 0.0% |
| Issued capital | 100 | €1,894,550 | €1,894,550 | = | 0.0% |
| Reserves | 13 | €1,650,921 | €1,651,960 | +€1,039 | +0.1% |
| Non-distributable reserves | 130/1 | €510,250 | €510,250 | = | 0.0% |
| Legal reserve | 130 | €510,250 | €510,250 | = | 0.0% |
| Distributable reserves | 133 | €1,140,671 | €1,141,710 | +€1,039 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,805 | €4,424 | -€106,380 | -96.0% |
| Amounts payable within one year | 42/48 | €110,805 | €4,424 | -€106,380 | -96.0% |
| Trade debts | 44 | €2,386 | €4,424 | +€2,039 | +85.5% |
| Suppliers | 440/4 | €2,386 | €4,424 | +€2,039 | +85.5% |
| Taxes, remuneration and social security | 45 | €107,301 | €0 | -€107,301 | -100.0% |
| Taxes | 450/3 | €107,301 | €0 | -€107,301 | -100.0% |
| Other amounts payable | 47/48 | €1,118 | €0 | -€1,118 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,690 | €24,213 | -€2,477 | -9.3% |
| Other operating charges | 640/8 | €6,619 | €6,816 | +€197 | +3.0% |
| Gross operating margin | 9900 | -€13,487 | -€17,842 | -€4,356 | -32.3% |
| Operating profit (loss) | 9901 | -€46,796 | -€48,871 | -€2,075 | -4.4% |
| Financial income | 75/76B | €705,323 | €55,374 | -€649,949 | -92.1% |
| Recurring financial income | 75 | €705,323 | €55,374 | -€649,949 | -92.1% |
| Financial charges | 65/66B | €36,923 | €30 | -€36,893 | -99.9% |
| Recurring financial charges | 65 | €36,923 | €30 | -€36,893 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €621,604 | €6,472 | -€615,131 | -99.0% |
| Income taxes | 67/77 | €131,261 | €5,434 | -€125,828 | -95.9% |
| Profit (loss) for the period | 9904 | €490,342 | €1,039 | -€489,304 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €490,342 | €1,039 | -€489,304 | -99.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.