Ter Loonst: 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 Loonst
Largest movements
- Current investments -€525,000
down €525,000 (-100%), from €525,000 to €0
- Cash -€464,473
down €464,473 (-87.8%), from €529,163 to €64,690
mainly Other debts (-€2.0m) and Debts after one year (-€450,000)
- Receivables after one year -€350,000
down €350,000 (-53.8%), from €650,000 to €300,000
- Tangible fixed assets -€143,826
down €143,826 (-10.0%), from €1.4m to €1.3m
of which Land and buildings: -€104,474
- Other debts -€2.0m
down €2.0m (-97.9%), from €2.0m to €42,212
- Profit (loss) carried forward +€990,328
up €990,328, from €0 to €990,328
- Debts after one year -€450,000
down €450,000 (-42.9%), from €1.1m to €600,000
- Tax, wage and social debts -€44,213
down €44,213 (-51.9%), from €85,142 to €40,929
of which Taxes: -€35,720
- Staff costs -€61,258
down €61,258 (-76.0%), from €80,613 to €19,355
- Gross operating margin -€55,575
down €55,575 (-3.5%), from €1.6m to €1.5m
- Financial charges -€16,895
down €16,895 (-23.5%), from €71,761 to €54,867
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 | €3,204,104 | €1,701,503 | -€1.5m | -46.9% |
| Fixed assets | 21/28 | €1,433,056 | €1,289,229 | -€143,826 | -10.0% |
| Tangible fixed assets | 22/27 | €1,432,766 | €1,288,939 | -€143,826 | -10.0% |
| Land and buildings | 22 | €1,277,565 | €1,173,090 | -€104,474 | -8.2% |
| Plant, machinery and equipment | 23 | €37,390 | €22,300 | -€15,090 | -40.4% |
| Furniture and vehicles | 24 | €117,811 | €93,549 | -€24,262 | -20.6% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €1,771,048 | €412,273 | -€1.4m | -76.7% |
| Amounts receivable after more than one year | 29 | €650,000 | €300,000 | -€350,000 | -53.8% |
| Other amounts receivable | 291 | €650,000 | €300,000 | -€350,000 | -53.8% |
| Amounts receivable within one year | 40/41 | €60,321 | €41,307 | -€19,014 | -31.5% |
| Trade receivables | 40 | €58,351 | €28,753 | -€29,599 | -50.7% |
| Other amounts receivable | 41 | €1,969 | €12,554 | +€10,584 | +537% |
| Current investments | 50/53 | €525,000 | €0 | -€525,000 | -100% |
| Cash at bank and in hand | 54/58 | €529,163 | €64,690 | -€464,473 | -87.8% |
| Deferred charges and accrued income | 490/1 | €6,565 | €6,277 | -€288 | -4.4% |
| Total equity and liabilities | 10/49 | €3,204,104 | €1,701,503 | -€1.5m | -46.9% |
| Equity | 10/15 | €10,000 | €1,000,328 | +€990,328 | +9,903% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €990,328 | +€990,328 | |
| Amounts payable | 17/49 | €3,194,104 | €701,175 | -€2.5m | -78.0% |
| Amounts payable after more than one year | 17 | €1,050,000 | €600,000 | -€450,000 | -42.9% |
| Other amounts payable | 178/9 | €1,050,000 | €600,000 | -€450,000 | -42.9% |
| Amounts payable within one year | 42/48 | €2,144,104 | €92,056 | -€2.1m | -95.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €17,727 | €8,915 | -€8,811 | -49.7% |
| Suppliers | 440/4 | €17,727 | €8,915 | -€8,811 | -49.7% |
| Taxes, remuneration and social security | 45 | €85,142 | €40,929 | -€44,213 | -51.9% |
| Taxes | 450/3 | €76,127 | €40,407 | -€35,720 | -46.9% |
| Remuneration and social security | 454/9 | €9,015 | €521 | -€8,493 | -94.2% |
| Other amounts payable | 47/48 | €2,041,235 | €42,212 | -€2.0m | -97.9% |
| Accrued charges and deferred income | 492/3 | - | €9,119 | +€9,119 | |
| Non-recurring operating income | 76A | - | €6,986 | +€6,986 | |
| Remuneration, social security and pensions | 62 | €80,613 | €19,355 | -€61,258 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,822 | €149,767 | +€945 | +0.6% |
| Other operating charges | 640/8 | €7,587 | €9,459 | +€1,872 | +24.7% |
| Gross operating margin | 9900 | €1,593,008 | €1,537,433 | -€55,575 | -3.5% |
| Operating profit (loss) | 9901 | €1,355,986 | €1,358,853 | +€2,866 | +0.2% |
| Financial income | 75/76B | €16,320 | €12,554 | -€3,766 | -23.1% |
| Recurring financial income | 75 | €16,320 | €12,554 | -€3,766 | -23.1% |
| Financial charges | 65/66B | €71,761 | €54,867 | -€16,895 | -23.5% |
| Recurring financial charges | 65 | €71,761 | €54,867 | -€16,895 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €1,300,545 | €1,316,540 | +€15,995 | +1.2% |
| Income taxes | 67/77 | €319,665 | €326,212 | +€6,547 | +2.0% |
| Profit (loss) for the period | 9904 | €980,880 | €990,328 | +€9,448 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €980,880 | €990,328 | +€9,448 | +1.0% |
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 20 October 2026 via checked.be.