TER LEE: 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 LEE
Largest movements
- Cash +€28,939
up €28,939 (+97.6%), from €29,662 to €58,601
mainly Other debts (+€32,123) and Net result for the year (+€32,019)
- Tangible fixed assets +€12,537
up €12,537 (+17.4%), from €71,907 to €84,445
of which Other tangible fixed assets: +€11,948
- Other debts +€32,123
up €32,123 (+310.5%), from €10,345 to €42,467
- Trade debts +€14,457
up €14,457 (+191.9%), from €7,534 to €21,991
- Profit (loss) carried forward -€7,981
down €7,981 (-7.6%), from €105,159 to €97,177
- Accrued charges and deferred income +€1,919
up €1,919 (+35.9%), from €5,338 to €7,257
- Gross operating margin -€4,883
down €4,883 (-8.8%), from €55,670 to €50,787
- Depreciation +€2,312
up €2,312 (+32.8%), from €7,054 to €9,366
- Taxes +€665
up €665 (+8.2%), from €8,076 to €8,741
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 | €132,490 | €172,634 | +€40,144 | +30.3% |
| Fixed assets | 21/28 | €71,907 | €84,445 | +€12,537 | +17.4% |
| Tangible fixed assets | 22/27 | €71,907 | €84,445 | +€12,537 | +17.4% |
| Furniture and vehicles | 24 | €1,643 | €2,233 | +€589 | +35.9% |
| Other tangible fixed assets | 26 | €70,264 | €82,212 | +€11,948 | +17.0% |
| Current assets | 29/58 | €60,582 | €88,189 | +€27,607 | +45.6% |
| Amounts receivable within one year | 40/41 | €30,882 | €29,563 | -€1,319 | -4.3% |
| Trade receivables | 40 | €13,217 | €16,354 | +€3,136 | +23.7% |
| Other amounts receivable | 41 | €17,664 | €13,209 | -€4,455 | -25.2% |
| Cash at bank and in hand | 54/58 | €29,662 | €58,601 | +€28,939 | +97.6% |
| Deferred charges and accrued income | 490/1 | €38 | €26 | -€13 | -33.0% |
| Total equity and liabilities | 10/49 | €132,490 | €172,634 | +€40,144 | +30.3% |
| Equity | 10/15 | €108,159 | €100,177 | -€7,981 | -7.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,159 | €97,177 | -€7,981 | -7.6% |
| Amounts payable | 17/49 | €24,331 | €72,457 | +€48,125 | +197.8% |
| Amounts payable within one year | 42/48 | €18,993 | €65,200 | +€46,207 | +243.3% |
| Trade debts | 44 | €7,534 | €21,991 | +€14,457 | +191.9% |
| Suppliers | 440/4 | €7,534 | €21,991 | +€14,457 | +191.9% |
| Taxes, remuneration and social security | 45 | €1,114 | €741 | -€373 | -33.5% |
| Taxes | 450/3 | €1,114 | €741 | -€373 | -33.5% |
| Other amounts payable | 47/48 | €10,345 | €42,467 | +€32,123 | +310.5% |
| Accrued charges and deferred income | 492/3 | €5,338 | €7,257 | +€1,919 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,054 | €9,366 | +€2,312 | +32.8% |
| Other operating charges | 640/8 | €635 | €713 | +€79 | +12.4% |
| Gross operating margin | 9900 | €55,670 | €50,787 | -€4,883 | -8.8% |
| Operating profit (loss) | 9901 | €47,981 | €40,707 | -€7,274 | -15.2% |
| Financial income | 75/76B | €131 | €122 | -€10 | -7.3% |
| Recurring financial income | 75 | €131 | €122 | -€10 | -7.3% |
| Financial charges | 65/66B | €102 | €69 | -€33 | -32.2% |
| Recurring financial charges | 65 | €102 | €69 | -€33 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €48,010 | €40,760 | -€7,250 | -15.1% |
| Income taxes | 67/77 | €8,076 | €8,741 | +€665 | +8.2% |
| Profit (loss) for the period | 9904 | €39,934 | €32,019 | -€7,915 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,934 | €32,019 | -€7,915 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.