TER MARIVOET: what changed
TER MARIVOET
Largest movements
- Tangible fixed assets +€395,306
up €395,306 (+73.2%), from €540,225 to €935,531
of which Land and buildings: +€401,868
- Cash -€210,583
down €210,583 (-78.1%), from €269,469 to €58,887
mainly Investment in fixed assets (net) (-€445,457)
- Other debts +€171,664
up €171,664 (+44.3%), from €387,501 to €559,166
- Profit (loss) carried forward +€12,953
up €12,953 (+24.4%), from €53,063 to €66,015
- Gross operating margin +€7,736
up €7,736 (+11.1%), from €69,447 to €77,183
- Financial charges -€1,446
down €1,446 (-98.0%), from €1,476 to €30
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,061,318 | €1,245,913 | +€184,595 | +17.4% |
| Fixed assets | 21/28 | €540,225 | €935,531 | +€395,306 | +73.2% |
| Tangible fixed assets | 22/27 | €540,225 | €935,531 | +€395,306 | +73.2% |
| Land and buildings | 22 | €492,461 | €894,329 | +€401,868 | +81.6% |
| Other tangible fixed assets | 26 | €47,764 | €41,202 | -€6,562 | -13.7% |
| Current assets | 29/58 | €521,093 | €310,382 | -€210,711 | -40.4% |
| Current investments | 50/53 | €250,004 | €250,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €269,469 | €58,887 | -€210,583 | -78.1% |
| Deferred charges and accrued income | 490/1 | €1,620 | €1,491 | -€129 | -7.9% |
| Total equity and liabilities | 10/49 | €1,061,318 | €1,245,913 | +€184,595 | +17.4% |
| Equity | 10/15 | €672,797 | €685,749 | +€12,953 | +1.9% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,063 | €66,015 | +€12,953 | +24.4% |
| Amounts payable | 17/49 | €388,522 | €560,164 | +€171,642 | +44.2% |
| Amounts payable within one year | 42/48 | €388,462 | €560,164 | +€171,702 | +44.2% |
| Trade debts | 44 | €960 | €998 | +€38 | +4.0% |
| Suppliers | 440/4 | €960 | €998 | +€38 | +4.0% |
| Other amounts payable | 47/48 | €387,501 | €559,166 | +€171,664 | +44.3% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,415 | €50,151 | -€264 | -0.5% |
| Other operating charges | 640/8 | €13,361 | €14,049 | +€688 | +5.1% |
| Gross operating margin | 9900 | €69,447 | €77,183 | +€7,736 | +11.1% |
| Operating profit (loss) | 9901 | €5,670 | €12,983 | +€7,312 | +129% |
| Financial charges | 65/66B | €1,476 | €30 | -€1,446 | -98.0% |
| Recurring financial charges | 65 | €1,476 | €30 | -€1,446 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €4,195 | €12,953 | +€8,758 | +209% |
| Profit (loss) for the period | 9904 | €4,195 | €12,953 | +€8,758 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €4,195 | €12,953 | +€8,758 | +209% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.