Ter Burg: what changed
What changed
Ter Burg
filed annual accounts (NBB)
Net result for the year
€16,344
2024 · €17,541-€1,197
Equity
€171,055
2024 · €154,711+€16,344
Cash
€14,282
2024 · €13,008+€1,273
Balance sheet total
€314,450
2024 · €309,409+€5,041
Largest movements
Assets
- Tangible fixed assets +€10,141
up €10,141 (+3.5%), from €286,887 to €297,028
- Deferred charges and accrued income -€7,328
down €7,328 (-95.8%), from €7,647 to €319
Equity and liabilities
- Debts after one year -€17,649
down €17,649 (-13.5%), from €130,982 to €113,332
- Reserves +€16,344
up €16,344 (+18.2%), from €89,711 to €106,055
of which Distributable reserves: +€15,527
- Current portion of long-term debt +€7,982
up €7,982 (+47.6%), from €16,754 to €24,736
Income statement
- Financial charges +€6,974
up €6,974 (+1,708%), from €408 to €7,383
- Gross operating margin +€6,464
up €6,464 (+15.6%), from €41,571 to €48,035
- Depreciation +€2,176
up €2,176 (+19.1%), from €11,371 to €13,547
- Taxes -€1,561
down €1,561 (-18.5%), from €8,461 to €6,900
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,541
Gross operating margin
+€6,464
Depreciation
-€2,176
Other operating charges
-€117
Financial income
+€44
Financial charges
-€6,974
Taxes
+€1,561
Result 2025
€16,344
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,628
Investment
-€23,688
Financing
-€9,667
Cash 2024
€13,008
From operations (derived)
+€34,628
Net result for the year
+€16,344
Depreciation
+€13,547
Receivables within one year
-€955
Deferred charges and accrued income
+€7,328
Trade debts
+€376
Tax, wage and social debts
-€2,819
Accrued charges and deferred income
+€808
Investment (derived)
-€23,688
Investment in fixed assets (net)
-€23,688
Financing
-€9,667
Debts after one year
-€17,649
Current portion of long-term debt
+€7,982
Cash 2025
€14,282
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,409 | €314,450 | +€5,041 | +1.6% |
| Fixed assets | 21/28 | €286,887 | €297,028 | +€10,141 | +3.5% |
| Tangible fixed assets | 22/27 | €286,887 | €297,028 | +€10,141 | +3.5% |
| Land and buildings | 22 | €286,887 | €297,028 | +€10,141 | +3.5% |
| Current assets | 29/58 | €22,522 | €17,422 | -€5,099 | -22.6% |
| Amounts receivable within one year | 40/41 | €1,867 | €2,822 | +€955 | +51.2% |
| Other amounts receivable | 41 | €1,867 | €2,822 | +€955 | +51.2% |
| Cash at bank and in hand | 54/58 | €13,008 | €14,282 | +€1,273 | +9.8% |
| Deferred charges and accrued income | 490/1 | €7,647 | €319 | -€7,328 | -95.8% |
| Total equity and liabilities | 10/49 | €309,409 | €314,450 | +€5,041 | +1.6% |
| Equity | 10/15 | €154,711 | €171,055 | +€16,344 | +10.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €89,711 | €106,055 | +€16,344 | +18.2% |
| Non-distributable reserves | 130/1 | €5,436 | €6,254 | +€817 | +15.0% |
| Legal reserve | 130 | €5,436 | €6,254 | +€817 | +15.0% |
| Distributable reserves | 133 | €84,275 | €99,801 | +€15,527 | +18.4% |
| Amounts payable | 17/49 | €154,698 | €143,395 | -€11,303 | -7.3% |
| Amounts payable after more than one year | 17 | €130,982 | €113,332 | -€17,649 | -13.5% |
| Other amounts payable | 178/9 | €130,982 | €113,332 | -€17,649 | -13.5% |
| Amounts payable within one year | 42/48 | €21,585 | €27,123 | +€5,539 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €16,754 | €24,736 | +€7,982 | +47.6% |
| Trade debts | 44 | €126 | €502 | +€376 | +298% |
| Suppliers | 440/4 | €126 | €502 | +€376 | +298% |
| Taxes, remuneration and social security | 45 | €4,704 | €1,885 | -€2,819 | -59.9% |
| Taxes | 450/3 | €4,704 | €1,885 | -€2,819 | -59.9% |
| Accrued charges and deferred income | 492/3 | €2,132 | €2,940 | +€808 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,371 | €13,547 | +€2,176 | +19.1% |
| Other operating charges | 640/8 | €3,811 | €3,929 | +€117 | +3.1% |
| Gross operating margin | 9900 | €41,571 | €48,035 | +€6,464 | +15.6% |
| Operating profit (loss) | 9901 | €26,388 | €30,560 | +€4,171 | +15.8% |
| Financial income | 75/76B | €22 | €67 | +€44 | +199% |
| Recurring financial income | 75 | €22 | €67 | +€44 | +199% |
| Financial charges | 65/66B | €408 | €7,383 | +€6,974 | +1,708% |
| Recurring financial charges | 65 | €408 | €7,383 | +€6,974 | +1,708% |
| Profit (loss) for the period before taxes | 9903 | €26,002 | €23,243 | -€2,759 | -10.6% |
| Income taxes | 67/77 | €8,461 | €6,900 | -€1,561 | -18.5% |
| Profit (loss) for the period | 9904 | €17,541 | €16,344 | -€1,197 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,541 | €16,344 | -€1,197 | -6.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.