TER POEL: 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 POEL
Largest movements
- Cash -€13,884
down €13,884 (-79.5%), from €17,468 to €3,584
mainly Net result for the year (-€18,091) and Other debts (-€5,197)
- Tangible fixed assets -€5,410
down €5,410 (-89.6%), from €6,041 to €631
- Receivables within one year -€4,527
down €4,527 (-7.6%), from €59,596 to €55,069
of which Trade receivables: -€4,527
- Reserves -€18,091
down €18,091 (-40.7%), from €44,412 to €26,321
of which Distributable reserves: -€18,091
- Other debts -€5,197
down €5,197 (-36.9%), from €14,089 to €8,892
- Gross operating margin +€4,011
up €4,011 (+32.7%), from -€12,266 to -€8,254
- Taxes -€3,294
no longer reported in 2024 (was €3,294)
- Other operating charges +€1,785
up €1,785 (+92.1%), from €1,939 to €3,725
- Financial charges -€227
down €227 (-24.5%), from €929 to €702
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,456 | €169,636 | -€23,821 | -12.3% |
| Fixed assets | 21/28 | €6,041 | €631 | -€5,410 | -89.6% |
| Tangible fixed assets | 22/27 | €6,041 | €631 | -€5,410 | -89.6% |
| Furniture and vehicles | 24 | €6,041 | €631 | -€5,410 | -89.6% |
| Current assets | 29/58 | €187,416 | €169,005 | -€18,411 | -9.8% |
| Stocks and contracts in progress | 3 | €108,087 | €108,087 | -€0 | 0.0% |
| Stocks | 30/36 | €108,087 | €108,087 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €59,596 | €55,069 | -€4,527 | -7.6% |
| Trade receivables | 40 | €49,149 | €44,622 | -€4,527 | -9.2% |
| Other amounts receivable | 41 | €10,447 | €10,447 | = | 0.0% |
| Current investments | 50/53 | €2,103 | €2,103 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,468 | €3,584 | -€13,884 | -79.5% |
| Deferred charges and accrued income | 490/1 | €162 | €162 | = | 0.0% |
| Total equity and liabilities | 10/49 | €193,456 | €169,636 | -€23,821 | -12.3% |
| Equity | 10/15 | €106,412 | €88,321 | -€18,091 | -17.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,412 | €26,321 | -€18,091 | -40.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,638 | €7,638 | = | 0.0% |
| Distributable reserves | 133 | €30,574 | €12,483 | -€18,091 | -59.2% |
| Amounts payable | 17/49 | €87,044 | €81,315 | -€5,730 | -6.6% |
| Amounts payable within one year | 42/48 | €87,044 | €81,315 | -€5,730 | -6.6% |
| Trade debts | 44 | €71,627 | €70,455 | -€1,173 | -1.6% |
| Suppliers | 440/4 | €71,627 | €70,455 | -€1,173 | -1.6% |
| Taxes, remuneration and social security | 45 | €1,328 | €1,968 | +€640 | +48.2% |
| Taxes | 450/3 | €1,328 | €1,968 | +€640 | +48.2% |
| Other amounts payable | 47/48 | €14,089 | €8,892 | -€5,197 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,410 | €5,410 | = | 0.0% |
| Other operating charges | 640/8 | €1,939 | €3,725 | +€1,785 | +92.1% |
| Gross operating margin | 9900 | -€12,266 | -€8,254 | +€4,011 | +32.7% |
| Operating profit (loss) | 9901 | -€19,615 | -€17,389 | +€2,226 | +11.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €929 | €702 | -€227 | -24.5% |
| Recurring financial charges | 65 | €929 | €702 | -€227 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,544 | -€18,091 | +€2,453 | +11.9% |
| Income taxes | 67/77 | €3,294 | - | -€3,294 | |
| Profit (loss) for the period | 9904 | -€23,838 | -€18,091 | +€5,747 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,838 | -€18,091 | +€5,747 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.