TER DOENAERT: what changed
What changed
TER DOENAERT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€880,373
2024 · -€27,988+€908,361
Equity
€1.6m
2024 · €763,594+€880,373
Cash
€69,925
2024 · €1,038+€68,887
Balance sheet total
€2.8m
2024 · €2.0m+€822,992
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+424,351%), from €371 to €1.6m
of which Other amounts receivable: +€1.6m
- Financial fixed assets -€576,556
down €576,556 (-100%), from €576,556 to €0
- Tangible fixed assets -€242,368
down €242,368 (-17.5%), from €1.4m to €1.1m
of which Land and buildings: -€241,412
- Cash +€68,887
up €68,887 (+6,634%), from €1,038 to €69,925
mainly Net result for the year (+€880,373) and Investment in fixed assets (net) (+€757,478)
Equity and liabilities
- Profit (loss) carried forward +€898,782
up €898,782 (+1,066%), from €84,336 to €983,118
- Short-term financial debts +€146,000
up €146,000 (+17.8%), from €820,000 to €966,000
- Tax, wage and social debts -€134,070
down €134,070 (-58.2%), from €230,203 to €96,133
- Other debts -€59,861
down €59,861 (-100%), from €59,861 to €0
Income statement
- Financial income +€705,335
up €705,335 (+1,528%), from €46,156 to €751,492
of which Non-recurring financial income: +€712,444
- Depreciation -€119,946
down €119,946 (-66.1%), from €181,392 to €61,447
- Taxes +€72,713
up €72,713, from -€3,475 to €69,238
of which Taxes: +€47,238
- Services and other goods -€51,049
down €51,049 (-59.5%), from €85,745 to €34,696
- Write-downs -€13,600
down €13,600 (-29.5%), from €46,150 to €32,550
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
-€27,988
Turnover
+€8,994
Other operating income
-€2,000
Services and other goods
+€51,049
Depreciation
+€119,946
Write-downs
+€13,600
Other operating charges
+€6,669
Other operating items
+€107,044
Financial income
+€705,335
Financial charges
+€1,774
Taxes
-€72,713
Deferred taxes and other
-€31,337
Result 2025
€880,373
raises the resultlowers the resultnot broken down further in the accounts
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
-€834,591
Investment
+€757,478
Financing
+€146,000
Cash 2024
€1,038
From operations (derived)
-€834,591
Net result for the year
+€880,373
Depreciation
+€61,447
Receivables within one year
-€1.6m
Smaller working-capital items
+€3,917
Provisions
-€6,136
Trade debts
-€6,089
Tax, wage and social debts
-€134,070
Other debts
-€59,861
Investment (derived)
+€757,478
Investment in fixed assets (net)
+€757,478
Financing
+€146,000
Short-term financial debts
+€146,000
Cash 2025
€69,925
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,964,697 | €2,787,690 | +€822,992 | +41.9% |
| Fixed assets | 21/28 | €1,961,437 | €1,142,513 | -€818,925 | -41.8% |
| Tangible fixed assets | 22/27 | €1,384,881 | €1,142,513 | -€242,368 | -17.5% |
| Land and buildings | 22 | €1,383,925 | €1,142,513 | -€241,412 | -17.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €956 | €0 | -€956 | -100% |
| Financial fixed assets | 28 | €576,556 | €0 | -€576,556 | -100% |
| Affiliated companies | 280/1 | €576,556 | €0 | -€576,556 | -100% |
| Participating interests | 280 | €576,556 | €0 | -€576,556 | -100% |
| Current assets | 29/58 | €3,260 | €1,645,177 | +€1.6m | +50,364% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €371 | €1,574,543 | +€1.6m | +424,351% |
| Trade receivables | 40 | €0 | €3,881 | +€3,881 | |
| Other amounts receivable | 41 | €371 | €1,570,662 | +€1.6m | +423,305% |
| Cash at bank and in hand | 54/58 | €1,038 | €69,925 | +€68,887 | +6,634% |
| Deferred charges and accrued income | 490/1 | €1,851 | €709 | -€1,142 | -61.7% |
| Total equity and liabilities | 10/49 | €1,964,697 | €2,787,690 | +€822,992 | +41.9% |
| Equity | 10/15 | €763,594 | €1,643,967 | +€880,373 | +115% |
| Contributions | 10/11 | €194,610 | €194,610 | = | 0.0% |
| Capital | 10 | €143,841 | €143,841 | = | 0.0% |
| Issued capital | 100 | €143,841 | €143,841 | = | 0.0% |
| Contributions outside capital | 11 | €50,769 | €50,769 | = | 0.0% |
| Share premium | 1100/10 | €50,769 | €50,769 | = | 0.0% |
| Reserves | 13 | €484,649 | €466,240 | -€18,409 | -3.8% |
| Non-distributable reserves | 130/1 | €147,487 | €147,487 | = | 0.0% |
| Legal reserve | 130 | €14,384 | €14,384 | = | 0.0% |
| Other | 1319 | €133,103 | €133,103 | = | 0.0% |
| Tax-exempt reserves | 132 | €337,162 | €318,753 | -€18,409 | -5.5% |
| Profit (loss) carried forward | 14 | €84,336 | €983,118 | +€898,782 | +1,066% |
| Provisions and deferred taxes | 16 | €70,647 | €64,511 | -€6,136 | -8.7% |
| Deferred taxes | 168 | €70,647 | €64,511 | -€6,136 | -8.7% |
| Amounts payable | 17/49 | €1,130,456 | €1,079,212 | -€51,244 | -4.5% |
| Amounts payable within one year | 42/48 | €1,130,296 | €1,076,277 | -€54,020 | -4.8% |
| Financial debts | 43 | €820,000 | €966,000 | +€146,000 | +17.8% |
| Credit institutions | 430/8 | €820,000 | €966,000 | +€146,000 | +17.8% |
| Trade debts | 44 | €20,232 | €14,144 | -€6,089 | -30.1% |
| Suppliers | 440/4 | €20,232 | €14,144 | -€6,089 | -30.1% |
| Taxes, remuneration and social security | 45 | €230,203 | €96,133 | -€134,070 | -58.2% |
| Taxes | 450/3 | €230,203 | €96,133 | -€134,070 | -58.2% |
| Other amounts payable | 47/48 | €59,861 | €0 | -€59,861 | -100% |
| Accrued charges and deferred income | 492/3 | €160 | €2,935 | +€2,775 | +1,739% |
| Operating income | 70/76A | €255,522 | €376,594 | +€121,072 | +47.4% |
| Turnover | 70 | €252,035 | €261,029 | +€8,994 | +3.6% |
| Other operating income | 74 | €3,488 | €1,488 | -€2,000 | -57.3% |
| Non-recurring operating income | 76A | - | €114,078 | +€114,078 | |
| Operating charges | 60/66A | €358,844 | €174,616 | -€184,229 | -51.3% |
| Services and other goods | 61 | €85,745 | €34,696 | -€51,049 | -59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,392 | €61,447 | -€119,946 | -66.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,150 | €32,550 | -€13,600 | -29.5% |
| Other operating charges | 640/8 | €14,751 | €8,082 | -€6,669 | -45.2% |
| Non-recurring operating charges | 66A | €30,806 | €37,841 | +€7,034 | +22.8% |
| Operating profit (loss) | 9901 | -€103,322 | €201,979 | +€305,301 | |
| Financial income | 75/76B | €46,156 | €751,492 | +€705,335 | +1,528% |
| Recurring financial income | 75 | €46,156 | €39,048 | -€7,108 | -15.4% |
| Income from current assets | 751 | €46,156 | €39,048 | -€7,108 | -15.4% |
| Non-recurring financial income | 76B | - | €712,444 | +€712,444 | |
| Financial charges | 65/66B | €11,770 | €9,996 | -€1,774 | -15.1% |
| Recurring financial charges | 65 | €11,770 | €9,996 | -€1,774 | -15.1% |
| Debt charges | 650 | €7,656 | €6,705 | -€952 | -12.4% |
| Other financial charges | 652/9 | €4,114 | €3,291 | -€823 | -20.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€68,936 | €943,474 | +€1.0m | |
| Transfer from deferred taxes | 780 | €37,473 | €6,136 | -€31,337 | -83.6% |
| Income taxes | 67/77 | -€3,475 | €69,238 | +€72,713 | |
| Taxes | 670/3 | €22,000 | €69,238 | +€47,238 | +215% |
| Tax adjustments and reversals of tax provisions | 77 | €25,475 | €0 | -€25,475 | -100% |
| Profit (loss) for the period | 9904 | -€27,988 | €880,373 | +€908,361 | |
| Transfer from tax-exempt reserves | 789 | €112,420 | €18,409 | -€94,011 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,433 | €898,782 | +€814,349 | +964% |
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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 8 November 2026 via checked.be.