TER RIJST: 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 RIJST
Largest movements
- Tangible fixed assets -€167,510
down €167,510 (-13.1%), from €1.3m to €1.1m
of which Land and buildings: -€153,760
- Receivables within one year -€44,782
down €44,782 (-5.5%), from €812,256 to €767,475
of which Trade receivables: -€58,257
- Other debts -€163,564
down €163,564 (-99.4%), from €164,564 to €1,000
- Reserves +€113,432
up €113,432 (+31.4%), from €361,618 to €475,050
of which Distributable reserves: +€113,432
- Debts after one year -€89,183
down €89,183 (-14.0%), from €635,724 to €546,542
- Revaluation surpluses -€47,000
down €47,000 (-11.4%), from €413,000 to €366,000
- Taxes -€41,516
down €41,516 (-51.5%), from €80,544 to €39,029
- Financial charges -€16,957
down €16,957 (-25.6%), from €66,224 to €49,267
- Gross operating margin -€8,475
down €8,475 (-2.4%), from €353,007 to €344,532
- Depreciation -€4,958
down €4,958 (-2.6%), from €188,732 to €183,774
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 | €2,140,200 | €1,910,463 | -€229,737 | -10.7% |
| Fixed assets | 21/28 | €1,281,936 | €1,114,426 | -€167,510 | -13.1% |
| Tangible fixed assets | 22/27 | €1,280,636 | €1,113,126 | -€167,510 | -13.1% |
| Land and buildings | 22 | €1,248,995 | €1,095,235 | -€153,760 | -12.3% |
| Plant, machinery and equipment | 23 | €27,633 | €17,660 | -€9,972 | -36.1% |
| Furniture and vehicles | 24 | €4,009 | €231 | -€3,778 | -94.2% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €858,264 | €796,038 | -€62,227 | -7.3% |
| Stocks and contracts in progress | 3 | €19,024 | €19,024 | = | 0.0% |
| Stocks | 30/36 | €19,024 | €19,024 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €812,256 | €767,475 | -€44,782 | -5.5% |
| Trade receivables | 40 | €126,627 | €68,370 | -€58,257 | -46.0% |
| Other amounts receivable | 41 | €685,630 | €699,105 | +€13,475 | +2.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,574 | €2,318 | -€17,257 | -88.2% |
| Deferred charges and accrued income | 490/1 | €7,410 | €7,222 | -€188 | -2.5% |
| Total equity and liabilities | 10/49 | €2,140,200 | €1,910,463 | -€229,737 | -10.7% |
| Equity | 10/15 | €994,271 | €1,060,703 | +€66,432 | +6.7% |
| Contributions | 10/11 | €219,652 | €219,652 | = | 0.0% |
| Revaluation surpluses | 12 | €413,000 | €366,000 | -€47,000 | -11.4% |
| Reserves | 13 | €361,618 | €475,050 | +€113,432 | +31.4% |
| Non-distributable reserves | 130/1 | €25,316 | €25,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,316 | €25,316 | = | 0.0% |
| Distributable reserves | 133 | €336,302 | €449,734 | +€113,432 | +33.7% |
| Amounts payable | 17/49 | €1,145,929 | €849,761 | -€296,169 | -25.8% |
| Amounts payable after more than one year | 17 | €635,724 | €546,542 | -€89,183 | -14.0% |
| Financial debts | 170/4 | €635,724 | €546,542 | -€89,183 | -14.0% |
| Amounts payable within one year | 42/48 | €510,205 | €303,219 | -€206,986 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €104,049 | €89,183 | -€14,866 | -14.3% |
| Financial debts | 43 | €179,167 | €161,667 | -€17,500 | -9.8% |
| Credit institutions | 430/8 | €179,167 | €161,667 | -€17,500 | -9.8% |
| Trade debts | 44 | €10,190 | €9,605 | -€585 | -5.7% |
| Suppliers | 440/4 | €10,190 | €9,605 | -€585 | -5.7% |
| Taxes, remuneration and social security | 45 | €52,235 | €41,765 | -€10,471 | -20.0% |
| Taxes | 450/3 | €52,235 | €41,765 | -€10,471 | -20.0% |
| Other amounts payable | 47/48 | €164,564 | €1,000 | -€163,564 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,732 | €183,774 | -€4,958 | -2.6% |
| Other operating charges | 640/8 | €5,576 | €6,031 | +€454 | +8.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €353,007 | €344,532 | -€8,475 | -2.4% |
| Operating profit (loss) | 9901 | €158,698 | €154,727 | -€3,971 | -2.5% |
| Financial income | 75/76B | €5 | €0 | -€4 | -97.8% |
| Recurring financial income | 75 | €5 | €0 | -€4 | -97.8% |
| Financial charges | 65/66B | €66,224 | €49,267 | -€16,957 | -25.6% |
| Recurring financial charges | 65 | €66,224 | €49,267 | -€16,957 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €92,479 | €105,460 | +€12,982 | +14.0% |
| Income taxes | 67/77 | €80,544 | €39,029 | -€41,516 | -51.5% |
| Profit (loss) for the period | 9904 | €11,935 | €66,432 | +€54,497 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €11,935 | €66,432 | +€54,497 | +457% |
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 13 October 2026 via checked.be.