TER-Consult: 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-Consult
Largest movements
- Receivables within one year +€117,375
up €117,375 (+81.5%), from €144,033 to €261,408
of which Trade receivables: +€106,762
- Cash -€113,903
down €113,903 (-33.2%), from €342,923 to €229,020
mainly Receivables within one year (-€117,375) and Current investments (-€50,000)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€13,487
down €13,487 (-4.4%), from €307,197 to €293,710
of which Land and buildings: -€7,606
- Profit (loss) carried forward +€46,596
up €46,596 (+11.1%), from €421,457 to €468,053
- Tax, wage and social debts +€19,225
up €19,225 (+15.7%), from €122,083 to €141,308
of which Remuneration and social security: +€23,057
- Other debts -€16,786
down €16,786 (-31.5%), from €53,285 to €36,500
- Debts after one year -€15,723
down €15,723 (-11.7%), from €134,085 to €118,362
of which Financial debts: -€16,823
- Staff costs +€64,466
up €64,466 (+25.2%), from €255,529 to €319,995
- Taxes -€10,988
down €10,988 (-24.5%), from €44,797 to €33,809
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 | €829,287 | €865,797 | +€36,510 | +4.4% |
| Fixed assets | 21/28 | €331,932 | €319,145 | -€12,787 | -3.9% |
| Tangible fixed assets | 22/27 | €307,197 | €293,710 | -€13,487 | -4.4% |
| Land and buildings | 22 | €273,074 | €265,469 | -€7,606 | -2.8% |
| Plant, machinery and equipment | 23 | €20,388 | €16,970 | -€3,418 | -16.8% |
| Furniture and vehicles | 24 | €13,735 | €11,272 | -€2,464 | -17.9% |
| Financial fixed assets | 28 | €24,735 | €25,435 | +€700 | +2.8% |
| Current assets | 29/58 | €497,354 | €546,652 | +€49,298 | +9.9% |
| Amounts receivable within one year | 40/41 | €144,033 | €261,408 | +€117,375 | +81.5% |
| Trade receivables | 40 | €143,782 | €250,544 | +€106,762 | +74.3% |
| Other amounts receivable | 41 | €251 | €10,864 | +€10,613 | +4,231% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €342,923 | €229,020 | -€113,903 | -33.2% |
| Deferred charges and accrued income | 490/1 | €10,398 | €6,223 | -€4,175 | -40.2% |
| Total equity and liabilities | 10/49 | €829,287 | €865,797 | +€36,510 | +4.4% |
| Equity | 10/15 | €452,481 | €497,305 | +€44,824 | +9.9% |
| Contributions | 10/11 | €16,740 | €16,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €421,457 | €468,053 | +€46,596 | +11.1% |
| Investment grants | 15 | €14,284 | €12,512 | -€1,772 | -12.4% |
| Amounts payable | 17/49 | €376,806 | €368,492 | -€8,314 | -2.2% |
| Amounts payable after more than one year | 17 | €134,085 | €118,362 | -€15,723 | -11.7% |
| Financial debts | 170/4 | €134,085 | €117,262 | -€16,823 | -12.5% |
| Other amounts payable | 178/9 | - | €1,100 | +€1,100 | |
| Amounts payable within one year | 42/48 | €242,720 | €250,129 | +€7,409 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €16,437 | €16,823 | +€386 | +2.3% |
| Trade debts | 44 | €50,915 | €55,499 | +€4,584 | +9.0% |
| Suppliers | 440/4 | €50,915 | €55,499 | +€4,584 | +9.0% |
| Taxes, remuneration and social security | 45 | €122,083 | €141,308 | +€19,225 | +15.7% |
| Taxes | 450/3 | €67,757 | €63,925 | -€3,832 | -5.7% |
| Remuneration and social security | 454/9 | €54,326 | €77,383 | +€23,057 | +42.4% |
| Other amounts payable | 47/48 | €53,285 | €36,500 | -€16,786 | -31.5% |
| Remuneration, social security and pensions | 62 | €255,529 | €319,995 | +€64,466 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,816 | €35,830 | +€2,015 | +6.0% |
| Other operating charges | 640/8 | €2,196 | €887 | -€1,309 | -59.6% |
| Gross operating margin | 9900 | €473,228 | €476,646 | +€3,418 | +0.7% |
| Operating profit (loss) | 9901 | €181,686 | €119,933 | -€61,753 | -34.0% |
| Financial income | 75/76B | €4,240 | €1,842 | -€2,398 | -56.5% |
| Recurring financial income | 75 | €4,240 | €1,842 | -€2,398 | -56.5% |
| Financial charges | 65/66B | €3,787 | €3,714 | -€73 | -1.9% |
| Recurring financial charges | 65 | €3,787 | €3,714 | -€73 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €182,140 | €118,062 | -€64,078 | -35.2% |
| Income taxes | 67/77 | €44,797 | €33,809 | -€10,988 | -24.5% |
| Profit (loss) for the period | 9904 | €137,343 | €84,253 | -€53,090 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,343 | €84,253 | -€53,090 | -38.7% |
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 19 October 2026 via checked.be.