TER LOO: 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 LOO
Largest movements
- Cash -€77,853
down €77,853 (-71.1%), from €109,526 to €31,673
mainly Current investments (-€50,000) and Net result for the year (-€14,765)
- Current investments +€50,000
up €50,000, from €0 to €50,000
- Receivables within one year +€7,333
up €7,333 (+73.8%), from €9,939 to €17,273
of which Trade receivables: +€4,151
- Reserves -€13,109
down €13,109 (-5.8%), from €224,799 to €211,690
- Other debts -€10,961
down €10,961 (-38.0%), from €28,878 to €17,917
- Trade debts +€4,277
up €4,277 (+5,346%), from €80 to €4,357
- Gross operating margin -€36,035
down €36,035, from €25,958 to -€10,077
- Taxes -€8,389
down €8,389 (-94.2%), from €8,910 to €521
- Financial income -€3,364
down €3,364 (-79.9%), from €4,212 to €848
- Financial charges -€367
down €367 (-67.8%), from €541 to €175
- Staff costs -€347
down €347 (-33.2%), from €1,044 to €697
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 | €266,761 | €245,104 | -€21,657 | -8.1% |
| Fixed assets | 21/28 | €146,641 | €145,709 | -€932 | -0.6% |
| Tangible fixed assets | 22/27 | €146,641 | €145,709 | -€932 | -0.6% |
| Land and buildings | 22 | €146,641 | €145,709 | -€932 | -0.6% |
| Current assets | 29/58 | €120,120 | €99,395 | -€20,725 | -17.3% |
| Amounts receivable within one year | 40/41 | €9,939 | €17,273 | +€7,333 | +73.8% |
| Trade receivables | 40 | €3,388 | €7,539 | +€4,151 | +123% |
| Other amounts receivable | 41 | €6,551 | €9,733 | +€3,182 | +48.6% |
| Current investments | 50/53 | €0 | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €109,526 | €31,673 | -€77,853 | -71.1% |
| Deferred charges and accrued income | 490/1 | €655 | €450 | -€205 | -31.3% |
| Total equity and liabilities | 10/49 | €266,761 | €245,104 | -€21,657 | -8.1% |
| Equity | 10/15 | €237,194 | €222,429 | -€14,765 | -6.2% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €224,799 | €211,690 | -€13,109 | -5.8% |
| Distributable reserves | 133 | €224,799 | €211,690 | -€13,109 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | -€1,656 | -€1,656 | |
| Amounts payable | 17/49 | €29,568 | €22,676 | -€6,892 | -23.3% |
| Amounts payable within one year | 42/48 | €29,568 | €22,676 | -€6,892 | -23.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €80 | €4,357 | +€4,277 | +5,346% |
| Suppliers | 440/4 | €80 | €4,357 | +€4,277 | +5,346% |
| Taxes, remuneration and social security | 45 | €610 | €402 | -€208 | -34.1% |
| Taxes | 450/3 | €610 | €402 | -€208 | -34.1% |
| Other amounts payable | 47/48 | €28,878 | €17,917 | -€10,961 | -38.0% |
| Remuneration, social security and pensions | 62 | €1,044 | €697 | -€347 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €932 | = | 0.0% |
| Other operating charges | 640/8 | €3,143 | €3,211 | +€68 | +2.2% |
| Gross operating margin | 9900 | €25,958 | -€10,077 | -€36,035 | |
| Operating profit (loss) | 9901 | €20,839 | -€14,917 | -€35,756 | |
| Financial income | 75/76B | €4,212 | €848 | -€3,364 | -79.9% |
| Recurring financial income | 75 | €4,212 | €848 | -€3,364 | -79.9% |
| Financial charges | 65/66B | €541 | €175 | -€367 | -67.8% |
| Recurring financial charges | 65 | €541 | €175 | -€367 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €24,510 | -€14,244 | -€38,754 | |
| Income taxes | 67/77 | €8,910 | €521 | -€8,389 | -94.2% |
| Profit (loss) for the period | 9904 | €15,600 | -€14,765 | -€30,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,600 | -€14,765 | -€30,365 |
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 16 October 2026 via checked.be.