TER DONK: 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 DONK
Largest movements
- Tangible fixed assets +€10,054
up €10,054 (+10.1%), from €99,152 to €109,207
of which Plant, machinery and equipment: +€18,095
- Cash +€8,788
up €8,788 (+115%), from €7,665 to €16,453
mainly Accrued charges and deferred income (+€9,123) and Depreciation (+€8,946)
- Receivables within one year -€6,939
down €6,939 (-60.9%), from €11,394 to €4,456
of which Trade receivables: -€7,131
- Accrued charges and deferred income +€9,123
new in 2025: €9,123
- Reserves +€6,100
up €6,100 (+109%), from €5,575 to €11,675
- Debts after one year -€5,194
down €5,194 (-16.8%), from €30,922 to €25,728
- Other debts +€2,685
up €2,685 (+5.1%), from €52,559 to €55,243
- Trade debts +€1,897
up €1,897 (+248%), from €766 to €2,663
- Gross operating margin +€6,675
up €6,675 (+60.3%), from €11,067 to €17,742
- Depreciation -€1,621
down €1,621 (-15.3%), from €10,567 to €8,946
- Other operating charges -€466
down €466 (-31.1%), from €1,498 to €1,033
- Financial charges -€305
down €305 (-15.5%), from €1,962 to €1,657
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 | €120,527 | €132,530 | +€12,003 | +10.0% |
| Fixed assets | 21/28 | €99,152 | €109,207 | +€10,054 | +10.1% |
| Tangible fixed assets | 22/27 | €99,152 | €109,207 | +€10,054 | +10.1% |
| Plant, machinery and equipment | 23 | €60,801 | €78,896 | +€18,095 | +29.8% |
| Furniture and vehicles | 24 | €2,052 | - | -€2,052 | |
| Leasing and similar rights | 25 | €35,434 | €29,734 | -€5,700 | -16.1% |
| Other tangible fixed assets | 26 | €866 | €577 | -€289 | -33.3% |
| Current assets | 29/58 | €21,375 | €23,323 | +€1,949 | +9.1% |
| Amounts receivable within one year | 40/41 | €11,394 | €4,456 | -€6,939 | -60.9% |
| Trade receivables | 40 | €11,239 | €4,108 | -€7,131 | -63.5% |
| Other amounts receivable | 41 | €155 | €348 | +€193 | +124% |
| Cash at bank and in hand | 54/58 | €7,665 | €16,453 | +€8,788 | +115% |
| Deferred charges and accrued income | 490/1 | €2,315 | €2,415 | +€99 | +4.3% |
| Total equity and liabilities | 10/49 | €120,527 | €132,530 | +€12,003 | +10.0% |
| Equity | 10/15 | €24,167 | €30,267 | +€6,100 | +25.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,575 | €11,675 | +€6,100 | +109% |
| Distributable reserves | 133 | €5,575 | €11,675 | +€6,100 | +109% |
| Amounts payable | 17/49 | €96,360 | €102,263 | +€5,903 | +6.1% |
| Amounts payable after more than one year | 17 | €30,922 | €25,728 | -€5,194 | -16.8% |
| Financial debts | 170/4 | €30,922 | €25,728 | -€5,194 | -16.8% |
| Amounts payable within one year | 42/48 | €65,437 | €67,411 | +€1,974 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €6,075 | €5,194 | -€881 | -14.5% |
| Trade debts | 44 | €766 | €2,663 | +€1,897 | +248% |
| Suppliers | 440/4 | €766 | €2,663 | +€1,897 | +248% |
| Taxes, remuneration and social security | 45 | €6,037 | €4,311 | -€1,726 | -28.6% |
| Taxes | 450/3 | €6,037 | €4,311 | -€1,726 | -28.6% |
| Other amounts payable | 47/48 | €52,559 | €55,243 | +€2,685 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €9,123 | +€9,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,567 | €8,946 | -€1,621 | -15.3% |
| Other operating charges | 640/8 | €1,498 | €1,033 | -€466 | -31.1% |
| Gross operating margin | 9900 | €11,067 | €17,742 | +€6,675 | +60.3% |
| Operating profit (loss) | 9901 | -€998 | €7,763 | +€8,761 | |
| Financial income | 75/76B | €167 | €44 | -€123 | -73.5% |
| Recurring financial income | 75 | €167 | €44 | -€123 | -73.5% |
| Financial charges | 65/66B | €1,962 | €1,657 | -€305 | -15.5% |
| Recurring financial charges | 65 | €1,962 | €1,657 | -€305 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,793 | €6,150 | +€8,943 | |
| Income taxes | 67/77 | €94 | €50 | -€43 | -46.1% |
| Profit (loss) for the period | 9904 | -€2,886 | €6,100 | +€8,986 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,886 | €6,100 | +€8,986 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.