TER DREVE: 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 DREVE
Largest movements
- Tangible fixed assets -€56,379
down €56,379 (-9.5%), from €594,338 to €537,959
of which Land and buildings: -€62,446
- Cash +€8,775
up €8,775 (+26.2%), from €33,548 to €42,323
mainly Depreciation (+€79,394) and Net result for the year (+€5,237)
- Short-term financial debts -€50,000
down €50,000 (-14.3%), from €350,000 to €300,000
of which Credit institutions: -€350,000
- Tax, wage and social debts -€7,501
down €7,501 (-91.5%), from €8,199 to €698
- Financial charges -€4,640
down €4,640 (-26.9%), from €17,261 to €12,621
- Depreciation +€4,209
up €4,209 (+5.6%), from €75,185 to €79,394
- Financial income +€1,418
up €1,418 (+266%), from €534 to €1,952
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 | €650,196 | €600,736 | -€49,460 | -7.6% |
| Fixed assets | 21/28 | €594,338 | €537,959 | -€56,379 | -9.5% |
| Tangible fixed assets | 22/27 | €594,338 | €537,959 | -€56,379 | -9.5% |
| Land and buildings | 22 | €594,338 | €531,892 | -€62,446 | -10.5% |
| Plant, machinery and equipment | 23 | - | €6,067 | +€6,067 | |
| Current assets | 29/58 | €55,858 | €62,777 | +€6,918 | +12.4% |
| Stocks and contracts in progress | 3 | €21,422 | €20,349 | -€1,073 | -5.0% |
| Stocks | 30/36 | €21,422 | €20,349 | -€1,073 | -5.0% |
| Amounts receivable within one year | 40/41 | €889 | €105 | -€784 | -88.2% |
| Trade receivables | 40 | €825 | €0 | -€825 | -100% |
| Other amounts receivable | 41 | €64 | €105 | +€41 | +64.2% |
| Cash at bank and in hand | 54/58 | €33,548 | €42,323 | +€8,775 | +26.2% |
| Total equity and liabilities | 10/49 | €650,196 | €600,736 | -€49,460 | -7.6% |
| Equity | 10/15 | €140,434 | €146,336 | +€5,902 | +4.2% |
| Contributions | 10/11 | €188,550 | €188,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,116 | -€42,214 | +€5,902 | +12.3% |
| Amounts payable | 17/49 | €509,762 | €454,400 | -€55,362 | -10.9% |
| Amounts payable within one year | 42/48 | €509,762 | €454,400 | -€55,362 | -10.9% |
| Financial debts | 43 | €350,000 | €300,000 | -€50,000 | -14.3% |
| Credit institutions | 430/8 | €350,000 | - | -€350,000 | |
| Other loans | 439 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €8,639 | €11,023 | +€2,384 | +27.6% |
| Suppliers | 440/4 | €8,639 | €11,023 | +€2,384 | +27.6% |
| Taxes, remuneration and social security | 45 | €8,199 | €698 | -€7,501 | -91.5% |
| Taxes | 450/3 | €8,199 | €698 | -€7,501 | -91.5% |
| Other amounts payable | 47/48 | €142,924 | €142,679 | -€245 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,185 | €79,394 | +€4,209 | +5.6% |
| Other operating charges | 640/8 | €2,920 | €3,157 | +€237 | +8.1% |
| Gross operating margin | 9900 | €99,396 | €98,457 | -€939 | -0.9% |
| Operating profit (loss) | 9901 | €21,291 | €15,906 | -€5,385 | -25.3% |
| Financial income | 75/76B | €534 | €1,952 | +€1,418 | +266% |
| Recurring financial income | 75 | €534 | €1,952 | +€1,418 | +266% |
| Financial charges | 65/66B | €17,261 | €12,621 | -€4,640 | -26.9% |
| Recurring financial charges | 65 | €17,261 | €12,621 | -€4,640 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €4,563 | €5,237 | +€673 | +14.8% |
| Profit (loss) for the period | 9904 | €4,563 | €5,237 | +€673 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,563 | €5,237 | +€673 | +14.8% |
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 27 October 2026 via checked.be.