Ter Linden: 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 Linden
Largest movements
- Cash -€87,841
down €87,841 (-92.7%), from €94,776 to €6,935
mainly Net result for the year (-€47,984) and Tax, wage and social debts (-€29,648)
- Profit (loss) carried forward -€47,984
down €47,984 (-107%), from -€44,913 to -€92,897
- Tax, wage and social debts -€29,648
no longer reported in 2025 (was €29,648)
- Debts after one year -€14,615
down €14,615 (-25.4%), from €57,649 to €43,034
- Gross operating margin -€136,356
down €136,356, from €97,720 to -€38,636
- Taxes -€56,405
no longer reported in 2025 (was €56,405)
- Other operating charges +€1,875
up €1,875 (+69.1%), from €2,712 to €4,586
- Financial charges -€1,330
down €1,330 (-20.8%), from €6,389 to €5,060
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 | €855,345 | €759,814 | -€95,531 | -11.2% |
| Fixed assets | 21/28 | €697,047 | €694,403 | -€2,645 | -0.4% |
| Tangible fixed assets | 22/27 | €697,047 | €694,403 | -€2,645 | -0.4% |
| Land and buildings | 22 | €695,861 | €693,692 | -€2,169 | -0.3% |
| Furniture and vehicles | 24 | €1,186 | €711 | -€475 | -40.1% |
| Current assets | 29/58 | €158,298 | €65,411 | -€92,887 | -58.7% |
| Amounts receivable within one year | 40/41 | €60,185 | €55,534 | -€4,651 | -7.7% |
| Trade receivables | 40 | - | €555 | +€555 | |
| Other amounts receivable | 41 | €60,185 | €54,980 | -€5,206 | -8.6% |
| Cash at bank and in hand | 54/58 | €94,776 | €6,935 | -€87,841 | -92.7% |
| Deferred charges and accrued income | 490/1 | €3,337 | €2,942 | -€394 | -11.8% |
| Total equity and liabilities | 10/49 | €855,345 | €759,814 | -€95,531 | -11.2% |
| Equity | 10/15 | €722,882 | €674,898 | -€47,984 | -6.6% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €317,795 | €317,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,913 | -€92,897 | -€47,984 | -107% |
| Amounts payable | 17/49 | €132,463 | €84,916 | -€47,547 | -35.9% |
| Amounts payable after more than one year | 17 | €57,649 | €43,034 | -€14,615 | -25.4% |
| Financial debts | 170/4 | €57,649 | €43,034 | -€14,615 | -25.4% |
| Amounts payable within one year | 42/48 | €74,814 | €41,882 | -€32,932 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €13,596 | €14,615 | +€1,020 | +7.5% |
| Trade debts | 44 | €2,165 | €411 | -€1,754 | -81.0% |
| Suppliers | 440/4 | €2,165 | €411 | -€1,754 | -81.0% |
| Taxes, remuneration and social security | 45 | €29,648 | - | -€29,648 | |
| Taxes | 450/3 | €29,648 | - | -€29,648 | |
| Other amounts payable | 47/48 | €29,405 | €26,856 | -€2,549 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,115 | €2,645 | -€471 | -15.1% |
| Other operating charges | 640/8 | €2,712 | €4,586 | +€1,875 | +69.1% |
| Gross operating margin | 9900 | €97,720 | -€38,636 | -€136,356 | |
| Operating profit (loss) | 9901 | €91,893 | -€45,867 | -€137,760 | |
| Financial income | 75/76B | €2,790 | €2,943 | +€153 | +5.5% |
| Recurring financial income | 75 | €2,790 | €2,943 | +€153 | +5.5% |
| Financial charges | 65/66B | €6,389 | €5,060 | -€1,330 | -20.8% |
| Recurring financial charges | 65 | €6,389 | €5,060 | -€1,330 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €88,294 | -€47,984 | -€136,278 | |
| Income taxes | 67/77 | €56,405 | - | -€56,405 | |
| Profit (loss) for the period | 9904 | €31,889 | -€47,984 | -€79,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,889 | -€47,984 | -€79,873 |
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 19 October 2026 via checked.be.