Ter Maele: 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 Maele
Largest movements
- Cash -€4,013
down €4,013 (-31.4%), from €12,788 to €8,775
mainly Trade debts (-€11,878) and Tax, wage and social debts (-€3,830)
- Stocks and contracts +€3,286
up €3,286 (+9.2%), from €35,602 to €38,887
- Other debts +€16,450
up €16,450 (+35.7%), from €46,058 to €62,508
- Trade debts -€11,878
down €11,878 (-34.8%), from €34,127 to €22,249
- Tax, wage and social debts -€3,830
down €3,830 (-20.2%), from €19,007 to €15,177
of which Taxes: -€6,042
- Profit (loss) carried forward -€1,469
down €1,469 (-3.6%), from -€40,803 to -€42,272
- Staff costs -€6,606
down €6,606 (-5.9%), from €112,141 to €105,536
- Gross operating margin +€4,685
up €4,685 (+4.6%), from €101,103 to €105,788
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 | €80,390 | €79,662 | -€727 | -0.9% |
| Current assets | 29/58 | €80,390 | €79,662 | -€727 | -0.9% |
| Stocks and contracts in progress | 3 | €35,602 | €38,887 | +€3,286 | +9.2% |
| Stocks | 30/36 | €35,602 | €38,887 | +€3,286 | +9.2% |
| Cash at bank and in hand | 54/58 | €12,788 | €8,775 | -€4,013 | -31.4% |
| Deferred charges and accrued income | 490/1 | €32,000 | €32,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €80,390 | €79,662 | -€727 | -0.9% |
| Equity | 10/15 | -€18,803 | -€20,272 | -€1,469 | -7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,803 | -€42,272 | -€1,469 | -3.6% |
| Amounts payable | 17/49 | €99,193 | €99,934 | +€742 | +0.7% |
| Amounts payable within one year | 42/48 | €99,193 | €99,934 | +€742 | +0.7% |
| Trade debts | 44 | €34,127 | €22,249 | -€11,878 | -34.8% |
| Suppliers | 440/4 | €34,127 | €22,249 | -€11,878 | -34.8% |
| Taxes, remuneration and social security | 45 | €19,007 | €15,177 | -€3,830 | -20.2% |
| Taxes | 450/3 | €6,655 | €613 | -€6,042 | -90.8% |
| Remuneration and social security | 454/9 | €12,352 | €14,564 | +€2,212 | +17.9% |
| Other amounts payable | 47/48 | €46,058 | €62,508 | +€16,450 | +35.7% |
| Remuneration, social security and pensions | 62 | €112,141 | €105,536 | -€6,606 | -5.9% |
| Other operating charges | 640/8 | €1,042 | €455 | -€588 | -56.4% |
| Gross operating margin | 9900 | €101,103 | €105,788 | +€4,685 | +4.6% |
| Operating profit (loss) | 9901 | -€12,081 | -€203 | +€11,878 | +98.3% |
| Financial charges | 65/66B | €1,545 | €1,266 | -€279 | -18.0% |
| Recurring financial charges | 65 | €1,545 | €1,266 | -€279 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,626 | -€1,469 | +€12,157 | +89.2% |
| Profit (loss) for the period | 9904 | -€13,626 | -€1,469 | +€12,157 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,626 | -€1,469 | +€12,157 | +89.2% |
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 21 October 2026 via checked.be.