TER BOEKT: 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 BOEKT
Largest movements
- Current investments -€245,555
down €245,555 (-33.3%), from €736,660 to €491,105
- Stocks and contracts +€89,384
up €89,384 (+12.8%), from €698,323 to €787,707
- Tangible fixed assets +€69,222
up €69,222 (+14.2%), from €488,519 to €557,740
of which Land and buildings: +€66,151
- Cash +€25,909
up €25,909 (+140%), from €18,549 to €44,458
mainly Current investments (+€245,555) and Depreciation (+€24,849)
- Other debts -€64,644
down €64,644 (-87.1%), from €74,245 to €9,601
- Debts after one year -€23,337
down €23,337 (-5.4%), from €428,651 to €405,314
- Depreciation -€24,606
down €24,606 (-49.8%), from €49,455 to €24,849
- Financial income -€5,943
down €5,943 (-24.6%), from €24,200 to €18,257
- Gross operating margin -€3,609
down €3,609 (-13.3%), from €27,198 to €23,590
- Write-downs +€1,846
new in 2025: €1,846
- Financial charges -€1,073
down €1,073 (-6.7%), from €16,065 to €14,992
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 | €2,075,285 | €1,986,585 | -€88,700 | -4.3% |
| Fixed assets | 21/28 | €488,519 | €557,740 | +€69,222 | +14.2% |
| Tangible fixed assets | 22/27 | €488,519 | €557,740 | +€69,222 | +14.2% |
| Land and buildings | 22 | €481,626 | €547,777 | +€66,151 | +13.7% |
| Plant, machinery and equipment | 23 | €818 | €1,780 | +€962 | +118% |
| Furniture and vehicles | 24 | €74 | €2,183 | +€2,109 | +2,831% |
| Other tangible fixed assets | 26 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,586,766 | €1,428,844 | -€157,921 | -10.0% |
| Stocks and contracts in progress | 3 | €698,323 | €787,707 | +€89,384 | +12.8% |
| Stocks | 30/36 | €698,323 | €787,707 | +€89,384 | +12.8% |
| Amounts receivable within one year | 40/41 | €119,014 | €102,121 | -€16,893 | -14.2% |
| Trade receivables | 40 | €0 | €25,117 | +€25,117 | |
| Other amounts receivable | 41 | €119,014 | €77,004 | -€42,010 | -35.3% |
| Current investments | 50/53 | €736,660 | €491,105 | -€245,555 | -33.3% |
| Cash at bank and in hand | 54/58 | €18,549 | €44,458 | +€25,909 | +140% |
| Deferred charges and accrued income | 490/1 | €14,220 | €3,452 | -€10,767 | -75.7% |
| Total equity and liabilities | 10/49 | €2,075,285 | €1,986,585 | -€88,700 | -4.3% |
| Equity | 10/15 | €1,513,269 | €1,495,873 | -€17,396 | -1.1% |
| Contributions | 10/11 | €82,795 | €82,795 | = | 0.0% |
| Reserves | 13 | €595,225 | €595,225 | = | 0.0% |
| Distributable reserves | 133 | €595,225 | €595,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €835,249 | €817,853 | -€17,396 | -2.1% |
| Amounts payable | 17/49 | €562,015 | €490,712 | -€71,304 | -12.7% |
| Amounts payable after more than one year | 17 | €428,651 | €405,314 | -€23,337 | -5.4% |
| Financial debts | 170/4 | €428,651 | €405,314 | -€23,337 | -5.4% |
| Amounts payable within one year | 42/48 | €110,753 | €56,084 | -€54,669 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €22,845 | €23,337 | +€493 | +2.2% |
| Trade debts | 44 | €11,634 | €23,146 | +€11,512 | +98.9% |
| Suppliers | 440/4 | €11,634 | €23,146 | +€11,512 | +98.9% |
| Taxes, remuneration and social security | 45 | €2,029 | - | -€2,029 | |
| Taxes | 450/3 | €2,029 | - | -€2,029 | |
| Other amounts payable | 47/48 | €74,245 | €9,601 | -€64,644 | -87.1% |
| Accrued charges and deferred income | 492/3 | €22,611 | €29,314 | +€6,703 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,455 | €24,849 | -€24,606 | -49.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,846 | +€1,846 | |
| Other operating charges | 640/8 | €17,913 | €17,132 | -€781 | -4.4% |
| Gross operating margin | 9900 | €27,198 | €23,590 | -€3,609 | -13.3% |
| Operating profit (loss) | 9901 | -€40,169 | -€20,237 | +€19,933 | +49.6% |
| Financial income | 75/76B | €24,200 | €18,257 | -€5,943 | -24.6% |
| Recurring financial income | 75 | €24,200 | €18,257 | -€5,943 | -24.6% |
| Financial charges | 65/66B | €16,065 | €14,992 | -€1,073 | -6.7% |
| Recurring financial charges | 65 | €16,065 | €14,992 | -€1,073 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,034 | -€16,971 | +€15,063 | +47.0% |
| Income taxes | 67/77 | €428 | €425 | -€3 | -0.7% |
| Profit (loss) for the period | 9904 | -€32,462 | -€17,396 | +€15,066 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,462 | -€17,396 | +€15,066 | +46.4% |
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 22 October 2026 via checked.be.