TER DUINEN: 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 DUINEN
Largest movements
- Cash +€64,967
up €64,967 (+380%), from €17,087 to €82,055
mainly Net result for the year (+€303,723) and Other debts (+€217,712)
- Tangible fixed assets -€33,875
down €33,875 (-14.3%), from €236,397 to €202,522
of which Plant, machinery and equipment: -€29,687
- Other debts +€217,712
up €217,712 (+81.3%), from €267,764 to €485,475
- Reserves -€188,959
down €188,959 (-14.6%), from €1.3m to €1.1m
- Other operating charges +€15,431
up €15,431 (+7.3%), from €211,774 to €227,204
- Gross operating margin +€14,072
up €14,072 (+1.7%), from €812,608 to €826,680
- Staff costs +€9,752
up €9,752 (+12.3%), from €79,108 to €88,860
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 | €1,656,713 | €1,680,126 | +€23,413 | +1.4% |
| Fixed assets | 21/28 | €236,397 | €202,522 | -€33,875 | -14.3% |
| Tangible fixed assets | 22/27 | €236,397 | €202,522 | -€33,875 | -14.3% |
| Land and buildings | 22 | €12,206 | €11,334 | -€872 | -7.1% |
| Plant, machinery and equipment | 23 | €216,451 | €186,764 | -€29,687 | -13.7% |
| Furniture and vehicles | 24 | €7,739 | €4,423 | -€3,316 | -42.8% |
| Current assets | 29/58 | €1,420,316 | €1,477,604 | +€57,288 | +4.0% |
| Amounts receivable within one year | 40/41 | €74,031 | €67,067 | -€6,964 | -9.4% |
| Trade receivables | 40 | €1,545 | €8,810 | +€7,265 | +470% |
| Other amounts receivable | 41 | €72,486 | €58,257 | -€14,229 | -19.6% |
| Current investments | 50/53 | €1,328,241 | €1,328,241 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,087 | €82,055 | +€64,967 | +380% |
| Deferred charges and accrued income | 490/1 | €958 | €242 | -€716 | -74.7% |
| Total equity and liabilities | 10/49 | €1,656,713 | €1,680,126 | +€23,413 | +1.4% |
| Equity | 10/15 | €1,311,040 | €1,122,082 | -€188,959 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,292,440 | €1,103,482 | -€188,959 | -14.6% |
| Distributable reserves | 133 | €1,292,440 | €1,103,482 | -€188,959 | -14.6% |
| Amounts payable | 17/49 | €345,673 | €558,044 | +€212,371 | +61.4% |
| Amounts payable within one year | 42/48 | €345,673 | €558,044 | +€212,371 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €44,291 | €43,960 | -€332 | -0.7% |
| Trade debts | 44 | €9,182 | €11,527 | +€2,345 | +25.5% |
| Suppliers | 440/4 | €9,182 | €11,527 | +€2,345 | +25.5% |
| Taxes, remuneration and social security | 45 | €24,435 | €17,082 | -€7,353 | -30.1% |
| Taxes | 450/3 | €23,504 | €17,082 | -€6,422 | -27.3% |
| Remuneration and social security | 454/9 | €932 | - | -€932 | |
| Other amounts payable | 47/48 | €267,764 | €485,475 | +€217,712 | +81.3% |
| Non-recurring operating income | 76A | €39,822 | €1,277 | -€38,545 | -96.8% |
| Remuneration, social security and pensions | 62 | €79,108 | €88,860 | +€9,752 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,444 | €56,636 | -€7,809 | -12.1% |
| Other operating charges | 640/8 | €211,774 | €227,204 | +€15,431 | +7.3% |
| Gross operating margin | 9900 | €812,608 | €826,680 | +€14,072 | +1.7% |
| Operating profit (loss) | 9901 | €457,282 | €453,980 | -€3,302 | -0.7% |
| Financial income | 75/76B | €1,378 | €77 | -€1,301 | -94.4% |
| Recurring financial income | 75 | €1,378 | €77 | -€1,301 | -94.4% |
| Financial charges | 65/66B | €6,482 | €6,395 | -€87 | -1.3% |
| Recurring financial charges | 65 | €6,482 | €6,395 | -€87 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €452,178 | €447,662 | -€4,516 | -1.0% |
| Income taxes | 67/77 | €140,403 | €143,939 | +€3,536 | +2.5% |
| Profit (loss) for the period | 9904 | €311,775 | €303,723 | -€8,052 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €311,775 | €303,723 | -€8,052 | -2.6% |
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 29 October 2026 via checked.be.