TER GAST: 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 GAST
Largest movements
- Receivables within one year +€13,904
up €13,904 (+29.1%), from €47,747 to €61,651
of which Trade receivables: +€13,904
- Tangible fixed assets -€8,677
down €8,677 (-22.0%), from €39,419 to €30,743
- Cash -€2,675
down €2,675 (-7.4%), from €35,963 to €33,288
mainly Receivables within one year (-€13,904) and Investment in fixed assets (net) (-€8,000)
- Reserves +€3,382
up €3,382 (+6.1%), from €55,808 to €59,189
- Gross operating margin -€4,626
down €4,626 (-20.5%), from €22,560 to €17,934
- Depreciation +€3,526
up €3,526 (+26.8%), from €13,151 to €16,677
- Financial income +€2,145
up €2,145 (+596%), from €360 to €2,505
of which Non-recurring financial income: +€2,505
- Taxes -€531
down €531 (-61.1%), from €869 to €338
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 | €123,129 | €125,682 | +€2,552 | +2.1% |
| Fixed assets | 21/28 | €39,419 | €30,743 | -€8,677 | -22.0% |
| Tangible fixed assets | 22/27 | €39,419 | €30,743 | -€8,677 | -22.0% |
| Plant, machinery and equipment | 23 | €39,419 | €30,743 | -€8,677 | -22.0% |
| Current assets | 29/58 | €83,710 | €94,939 | +€11,229 | +13.4% |
| Amounts receivable within one year | 40/41 | €47,747 | €61,651 | +€13,904 | +29.1% |
| Trade receivables | 40 | €47,547 | €61,451 | +€13,904 | +29.2% |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,963 | €33,288 | -€2,675 | -7.4% |
| Total equity and liabilities | 10/49 | €123,129 | €125,682 | +€2,552 | +2.1% |
| Equity | 10/15 | €75,547 | €78,929 | +€3,382 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,808 | €59,189 | +€3,382 | +6.1% |
| Distributable reserves | 133 | €55,808 | €59,189 | +€3,382 | +6.1% |
| Profit (loss) carried forward | 14 | €1,139 | €1,139 | = | 0.0% |
| Amounts payable | 17/49 | €47,583 | €46,753 | -€829 | -1.7% |
| Amounts payable within one year | 42/48 | €47,583 | €46,753 | -€829 | -1.7% |
| Trade debts | 44 | €6,475 | €5,746 | -€729 | -11.3% |
| Suppliers | 440/4 | €6,475 | €5,746 | -€729 | -11.3% |
| Taxes, remuneration and social security | 45 | €2,465 | €2,365 | -€100 | -4.1% |
| Taxes | 450/3 | €2,465 | €2,365 | -€100 | -4.1% |
| Other amounts payable | 47/48 | €38,642 | €38,642 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,151 | €16,677 | +€3,526 | +26.8% |
| Gross operating margin | 9900 | €22,560 | €17,934 | -€4,626 | -20.5% |
| Operating profit (loss) | 9901 | €9,409 | €1,257 | -€8,152 | -86.6% |
| Financial income | 75/76B | €360 | €2,505 | +€2,145 | +596% |
| Recurring financial income | 75 | €360 | €2,505 | +€2,145 | +596% |
| Non-recurring financial income | 76B | - | €2,505 | +€2,505 | |
| Financial charges | 65/66B | €209 | €42 | -€167 | -79.9% |
| Recurring financial charges | 65 | €209 | €42 | -€167 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €9,560 | €3,720 | -€5,840 | -61.1% |
| Income taxes | 67/77 | €869 | €338 | -€531 | -61.1% |
| Profit (loss) for the period | 9904 | €8,691 | €3,382 | -€5,309 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,691 | €3,382 | -€5,309 | -61.1% |
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 22 October 2026 via checked.be.