TER RIVIEREN: what changed
TER RIVIEREN
Largest movements
- Cash +€79,034
up €79,034 (+109%), from €72,469 to €151,503
mainly Net result for the year (+€73,035) and Trade debts (+€11,011)
- Receivables within one year +€6,002
up €6,002 (+19.4%), from €30,901 to €36,902
of which Trade receivables: +€19,086
- Stocks and contracts +€5,849
up €5,849 (+11.2%), from €52,318 to €58,168
- Intangible fixed assets -€4,350
down €4,350 (-70.6%), from €6,163 to €1,813
- Reserves +€73,035
up €73,035 (+57.6%), from €126,829 to €199,864
of which Distributable reserves: +€73,035
- Trade debts +€11,011
up €11,011 (+47.9%), from €23,008 to €34,019
- Tax, wage and social debts +€5,208
up €5,208 (+27.5%), from €18,917 to €24,125
of which Remuneration and social security: +€3,189
- Gross operating margin +€22,339
up €22,339 (+14.7%), from €152,229 to €174,569
- Taxes +€4,383
up €4,383 (+20.6%), from €21,261 to €25,644
- Staff costs +€3,998
up €3,998 (+6.3%), from €63,373 to €67,370
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 | €176,420 | €264,208 | +€87,788 | +49.8% |
| Fixed assets | 21/28 | €20,733 | €17,635 | -€3,097 | -14.9% |
| Intangible fixed assets | 21 | €6,163 | €1,813 | -€4,350 | -70.6% |
| Tangible fixed assets | 22/27 | €11,570 | €12,823 | +€1,253 | +10.8% |
| Plant, machinery and equipment | 23 | €9,511 | €11,365 | +€1,855 | +19.5% |
| Other tangible fixed assets | 26 | €2,059 | €1,457 | -€602 | -29.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €155,688 | €246,573 | +€90,885 | +58.4% |
| Stocks and contracts in progress | 3 | €52,318 | €58,168 | +€5,849 | +11.2% |
| Stocks | 30/36 | €52,318 | €58,168 | +€5,849 | +11.2% |
| Amounts receivable within one year | 40/41 | €30,901 | €36,902 | +€6,002 | +19.4% |
| Trade receivables | 40 | €13,267 | €32,353 | +€19,086 | +144% |
| Other amounts receivable | 41 | €17,634 | €4,549 | -€13,084 | -74.2% |
| Cash at bank and in hand | 54/58 | €72,469 | €151,503 | +€79,034 | +109% |
| Total equity and liabilities | 10/49 | €176,420 | €264,208 | +€87,788 | +49.8% |
| Equity | 10/15 | €133,029 | €206,064 | +€73,035 | +54.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,829 | €199,864 | +€73,035 | +57.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,969 | €198,004 | +€73,035 | +58.4% |
| Amounts payable | 17/49 | €43,391 | €58,144 | +€14,753 | +34.0% |
| Amounts payable within one year | 42/48 | €43,326 | €58,144 | +€14,819 | +34.2% |
| Trade debts | 44 | €23,008 | €34,019 | +€11,011 | +47.9% |
| Suppliers | 440/4 | €23,008 | €34,019 | +€11,011 | +47.9% |
| Taxes, remuneration and social security | 45 | €18,917 | €24,125 | +€5,208 | +27.5% |
| Taxes | 450/3 | €12,394 | €14,412 | +€2,018 | +16.3% |
| Remuneration and social security | 454/9 | €6,524 | €9,713 | +€3,189 | +48.9% |
| Other amounts payable | 47/48 | €1,400 | - | -€1,400 | |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €63,373 | €67,370 | +€3,998 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,137 | €6,122 | +€985 | +19.2% |
| Other operating charges | 640/8 | €598 | €360 | -€238 | -39.8% |
| Gross operating margin | 9900 | €152,229 | €174,569 | +€22,339 | +14.7% |
| Operating profit (loss) | 9901 | €83,122 | €100,716 | +€17,594 | +21.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,013 | €2,037 | +€25 | +1.2% |
| Recurring financial charges | 65 | €2,013 | €2,037 | +€25 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €81,109 | €98,679 | +€17,570 | +21.7% |
| Income taxes | 67/77 | €21,261 | €25,644 | +€4,383 | +20.6% |
| Profit (loss) for the period | 9904 | €59,848 | €73,035 | +€13,187 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,848 | €73,035 | +€13,187 | +22.0% |
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 1 November 2026 via checked.be.