TER HEIDE: 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 HEIDE
Largest movements
- Stocks and contracts -€5,857
down €5,857 (-22.0%), from €26,684 to €20,827
- Deferred charges and accrued income +€4,630
up €4,630 (+115.8%), from €3,999 to €8,629
- Cash -€2,320
down €2,320 (-12.1%), from €19,116 to €16,796
mainly Trade debts (-€7,898) and Deferred charges and accrued income (-€4,630)
- Tangible fixed assets -€1,348
down €1,348 (-12.0%), from €11,252 to €9,904
of which Plant, machinery and equipment: -€2,183
- Trade debts -€7,898
down €7,898 (-22.8%), from €34,637 to €26,739
- Profit (loss) carried forward +€4,393
up €4,393 (+3.8%), from -€115,511 to -€111,118
- Accrued charges and deferred income +€4,000
up €4,000 (+66.7%), from €6,000 to €10,000
- Tax, wage and social debts -€2,760
down €2,760 (-40.5%), from €6,817 to €4,057
of which Remuneration and social security: -€3,128
- Other debts -€2,263
down €2,263 (-3.3%), from €69,275 to €67,012
- Gross operating margin -€131,983
down €131,983 (-63.9%), from €206,519 to €74,536
- Staff costs -€129,766
down €129,766 (-67.8%), from €191,284 to €61,518
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 | €64,059 | €59,531 | -€4,529 | -7.1% |
| Fixed assets | 21/28 | €11,252 | €9,904 | -€1,348 | -12.0% |
| Tangible fixed assets | 22/27 | €11,252 | €9,904 | -€1,348 | -12.0% |
| Land and buildings | 22 | €2,994 | €2,084 | -€910 | -30.4% |
| Plant, machinery and equipment | 23 | €7,902 | €5,719 | -€2,183 | -27.6% |
| Furniture and vehicles | 24 | €356 | €2,101 | +€1,746 | +490.6% |
| Current assets | 29/58 | €52,807 | €49,626 | -€3,181 | -6.0% |
| Stocks and contracts in progress | 3 | €26,684 | €20,827 | -€5,857 | -22.0% |
| Stocks | 30/36 | €26,684 | €20,827 | -€5,857 | -22.0% |
| Amounts receivable within one year | 40/41 | €3,009 | €3,375 | +€366 | +12.2% |
| Trade receivables | 40 | €2,458 | €3,262 | +€804 | +32.7% |
| Other amounts receivable | 41 | €551 | €113 | -€438 | -79.5% |
| Cash at bank and in hand | 54/58 | €19,116 | €16,796 | -€2,320 | -12.1% |
| Deferred charges and accrued income | 490/1 | €3,999 | €8,629 | +€4,630 | +115.8% |
| Total equity and liabilities | 10/49 | €64,059 | €59,531 | -€4,529 | -7.1% |
| Equity | 10/15 | -€52,670 | -€48,277 | +€4,393 | +8.3% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Outside capital | 11 | €62,221 | €62,221 | = | 0.0% |
| Other | 1109/19 | €62,221 | €62,221 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,511 | -€111,118 | +€4,393 | +3.8% |
| Amounts payable | 17/49 | €116,729 | €107,807 | -€8,922 | -7.6% |
| Amounts payable within one year | 42/48 | €110,729 | €97,807 | -€12,922 | -11.7% |
| Trade debts | 44 | €34,637 | €26,739 | -€7,898 | -22.8% |
| Suppliers | 440/4 | €34,637 | €26,739 | -€7,898 | -22.8% |
| Taxes, remuneration and social security | 45 | €6,817 | €4,057 | -€2,760 | -40.5% |
| Taxes | 450/3 | €2,720 | €3,088 | +€368 | +13.5% |
| Remuneration and social security | 454/9 | €4,097 | €969 | -€3,128 | -76.4% |
| Other amounts payable | 47/48 | €69,275 | €67,012 | -€2,263 | -3.3% |
| Accrued charges and deferred income | 492/3 | €6,000 | €10,000 | +€4,000 | +66.7% |
| Remuneration, social security and pensions | 62 | €191,284 | €61,518 | -€129,766 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,500 | €4,382 | -€1,118 | -20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,424 | €2,537 | -€1,887 | -42.7% |
| Other operating charges | 640/8 | €3,172 | €1,120 | -€2,052 | -64.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €206,519 | €74,536 | -€131,983 | -63.9% |
| Operating profit (loss) | 9901 | €2,138 | €4,978 | +€2,840 | +132.8% |
| Financial income | 75/76B | €1,031 | €653 | -€377 | -36.6% |
| Recurring financial income | 75 | €1,031 | €653 | -€377 | -36.6% |
| Financial charges | 65/66B | €1,991 | €1,107 | -€885 | -44.4% |
| Recurring financial charges | 65 | €1,991 | €1,107 | -€885 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €1,178 | €4,525 | +€3,347 | +284.2% |
| Income taxes | 67/77 | €376 | €132 | -€244 | -64.9% |
| Profit (loss) for the period | 9904 | €801 | €4,393 | +€3,592 | +448.1% |
| Profit (loss) for the period to be appropriated | 9905 | €801 | €4,393 | +€3,592 | +448.1% |
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 6 October 2026 via checked.be.