TER EESTE: what changed
Two fiscal 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 EESTE
Largest movements
- Tangible fixed assets -€387,860
down €387,860 (-44.0%), from €880,687 to €492,827
of which Land and buildings: -€384,869
- Short-term financial debts -€198,421
down €198,421 (-60.5%), from €328,196 to €129,774
- Reserves -€128,025
down €128,025 (-44.6%), from €286,920 to €158,895
- Profit (loss) carried forward -€61,550
new in 2025: -€61,550
- Other debts +€14,717
up €14,717 (+8.7%), from €170,097 to €184,814
- Current portion of long-term debt -€11,106
down €11,106 (-91.6%), from €12,126 to €1,020
- Gross operating margin +€120,286
up €120,286, from -€12,417 to €107,869
- Depreciation -€41,830
down €41,830 (-93.3%), from €44,821 to €2,991
- Financial charges -€8,217
down €8,217 (-28.3%), from €29,004 to €20,787
- Taxes +€2,426
up €2,426 (+547.9%), from €443 to €2,869
- Other operating charges -€2,245
down €2,245 (-24.4%), from €9,212 to €6,966
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.
Cash bridge derived
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 | €1,026,255 | €639,548 | -€386,707 | -37.7% |
| Fixed assets | 21/28 | €880,687 | €492,827 | -€387,860 | -44.0% |
| Tangible fixed assets | 22/27 | €880,687 | €492,827 | -€387,860 | -44.0% |
| Land and buildings | 22 | €876,581 | €491,712 | -€384,869 | -43.9% |
| Furniture and vehicles | 24 | €4,106 | €1,115 | -€2,991 | -72.9% |
| Current assets | 29/58 | €145,568 | €146,721 | +€1,154 | +0.8% |
| Amounts receivable within one year | 40/41 | €139,953 | €141,454 | +€1,501 | +1.1% |
| Trade receivables | 40 | €139,835 | €139,835 | = | 0.0% |
| Other amounts receivable | 41 | €118 | €1,619 | +€1,501 | +1271.8% |
| Current investments | 50/53 | €3 | €3 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,505 | €4,597 | +€1,092 | +31.2% |
| Deferred charges and accrued income | 490/1 | €2,107 | €667 | -€1,440 | -68.3% |
| Total equity and liabilities | 10/49 | €1,026,255 | €639,548 | -€386,707 | -37.7% |
| Equity | 10/15 | €311,920 | €122,345 | -€189,574 | -60.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €286,920 | €158,895 | -€128,025 | -44.6% |
| Distributable reserves | 133 | €286,920 | €158,895 | -€128,025 | -44.6% |
| Profit (loss) carried forward | 14 | - | -€61,550 | -€61,550 | |
| Amounts payable | 17/49 | €714,335 | €517,203 | -€197,132 | -27.6% |
| Amounts payable after more than one year | 17 | €101,020 | €100,000 | -€1,020 | -1.0% |
| Financial debts | 170/4 | €101,020 | €100,000 | -€1,020 | -1.0% |
| Amounts payable within one year | 42/48 | €613,315 | €417,203 | -€196,113 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €12,126 | €1,020 | -€11,106 | -91.6% |
| Financial debts | 43 | €328,196 | €129,774 | -€198,421 | -60.5% |
| Credit institutions | 430/8 | €328,196 | €129,774 | -€198,421 | -60.5% |
| Trade debts | 44 | €84,251 | €82,685 | -€1,565 | -1.9% |
| Suppliers | 440/4 | €84,251 | €82,685 | -€1,565 | -1.9% |
| Advances received on contracts in progress | 46 | €18,011 | €18,011 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €635 | €898 | +€262 | +41.3% |
| Taxes | 450/3 | €635 | €898 | +€262 | +41.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €170,097 | €184,814 | +€14,717 | +8.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,056 | €152,549 | +€151,493 | +14340.8% |
| Remuneration, social security and pensions | 62 | €2,285 | €1,889 | -€395 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,821 | €2,991 | -€41,830 | -93.3% |
| Other operating charges | 640/8 | €9,212 | €6,966 | -€2,245 | -24.4% |
| Non-recurring operating charges | 66A | €0 | €261,941 | +€261,941 | |
| Gross operating margin | 9900 | -€12,417 | €107,869 | +€120,286 | |
| Operating profit (loss) | 9901 | -€68,734 | -€165,919 | -€97,185 | -141.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29,004 | €20,787 | -€8,217 | -28.3% |
| Recurring financial charges | 65 | €29,004 | €20,787 | -€8,217 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€97,738 | -€186,705 | -€88,967 | -91.0% |
| Income taxes | 67/77 | €443 | €2,869 | +€2,426 | +547.9% |
| Profit (loss) for the period | 9904 | -€98,181 | -€189,574 | -€91,394 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,181 | -€189,574 | -€91,394 | -93.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.