TER STEENE: what changed
What changed
TER STEENE
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€163,614
2024 · -€12,572+€176,186
Equity
€2.9m
2024 · €2.3m+€632,614
Cash
€28,362
2024 · €10,177+€18,185
Balance sheet total
€3.6m
2024 · €8.3m-€4.7m
Largest movements
Assets
- Stocks and contracts -€3.3m
down €3.3m (-100%), from €3.3m to €0
- Receivables within one year -€1.1m
down €1.1m (-85.9%), from €1.3m to €182,715
of which Trade receivables: -€587,330
- Tangible fixed assets -€269,235
down €269,235 (-7.4%), from €3.7m to €3.4m
of which Furniture and vehicles: -€570,826
Equity and liabilities
- Trade debts -€4.1m
down €4.1m (-99.5%), from €4.1m to €19,713
- Short-term financial debts -€889,950
down €889,950 (-100%), from €889,950 to €0
- Contributions +€469,000
up €469,000 (+756%), from €62,000 to €531,000
- Tax, wage and social debts -€178,416
down €178,416 (-87.6%), from €203,558 to €25,142
of which Remuneration and social security: -€170,833
- Reserves +€163,614
up €163,614 (+41.3%), from €395,816 to €559,430
of which Distributable reserves: +€155,433
Income statement
- Turnover -€3.4m
down €3.4m (-18.1%), from €18.9m to €15.5m
- Goods and materials -€3.2m
down €3.2m (-17.8%), from €17.7m to €14.5m
of which Purchases: -€5.0m
- Other operating income -€394,151
down €394,151 (-35.0%), from €1.1m to €730,748
- Staff costs -€362,555
down €362,555 (-36.3%), from €999,752 to €637,197
- Services and other goods -€323,901
down €323,901 (-35.7%), from €906,636 to €582,736
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.
Result 2024
-€12,572
Turnover
-€3.4m
Other operating income
-€394,151
Goods and materials
+€3.2m
Services and other goods
+€323,901
Staff costs
+€362,555
Depreciation
+€130,112
Write-downs
+€24,361
Provisions
-€80,000
Other operating charges
+€26,697
Other operating items
-€5,597
Financial income
+€1,726
Financial charges
+€74,500
Taxes
-€21,632
Result 2025
€163,614
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€362,335
Investment
+€148,941
Financing
-€493,090
Cash 2024
€10,177
From operations (derived)
+€362,335
Net result for the year
+€163,614
Depreciation
+€120,294
Stocks and contracts
+€3.3m
Receivables within one year
+€1.1m
Smaller working-capital items
-€11,638
Trade debts
-€4.1m
Tax, wage and social debts
-€178,416
Accrued charges and deferred income
-€39,623
Investment (derived)
+€148,941
Investment in fixed assets (net)
+€148,941
Financing
-€493,090
Debts after one year
-€74,395
Current portion of long-term debt
+€2,254
Short-term financial debts
-€889,950
Contributions, distributions and other
+€469,000
Cash 2025
€28,362
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,274,346 | €3,611,571 | -€4.7m | -56.4% |
| Fixed assets | 21/28 | €3,655,931 | €3,386,697 | -€269,235 | -7.4% |
| Tangible fixed assets | 22/27 | €3,655,931 | €3,386,697 | -€269,235 | -7.4% |
| Land and buildings | 22 | €2,868,021 | €3,245,918 | +€377,897 | +13.2% |
| Plant, machinery and equipment | 23 | €76,305 | €0 | -€76,305 | -100% |
| Furniture and vehicles | 24 | €711,605 | €140,779 | -€570,826 | -80.2% |
| Current assets | 29/58 | €4,618,415 | €224,874 | -€4.4m | -95.1% |
| Stocks and contracts in progress | 3 | €3,297,420 | €0 | -€3.3m | -100% |
| Stocks | 30/36 | €3,297,420 | €0 | -€3.3m | -100% |
| Goods purchased for resale | 34 | €3,297,420 | €0 | -€3.3m | -100% |
| Amounts receivable within one year | 40/41 | €1,298,659 | €182,715 | -€1.1m | -85.9% |
| Trade receivables | 40 | €755,088 | €167,758 | -€587,330 | -77.8% |
| Other amounts receivable | 41 | €543,571 | €14,957 | -€528,614 | -97.2% |
| Cash at bank and in hand | 54/58 | €10,177 | €28,362 | +€18,185 | +179% |
| Deferred charges and accrued income | 490/1 | €12,159 | €13,797 | +€1,638 | +13.5% |
| Total equity and liabilities | 10/49 | €8,274,346 | €3,611,571 | -€4.7m | -56.4% |
| Equity | 10/15 | €2,308,059 | €2,940,673 | +€632,614 | +27.4% |
| Contributions | 10/11 | €62,000 | €531,000 | +€469,000 | +756% |
| Capital | 10 | €62,000 | €531,000 | +€469,000 | +756% |
| Issued capital | 100 | €62,000 | €531,000 | +€469,000 | +756% |
| Revaluation surpluses | 12 | €1,850,243 | €1,850,243 | = | 0.0% |
| Reserves | 13 | €395,816 | €559,430 | +€163,614 | +41.3% |
| Non-distributable reserves | 130/1 | €6,200 | €14,381 | +€8,181 | +132% |
| Legal reserve | 130 | €6,200 | €14,381 | +€8,181 | +132% |
| Distributable reserves | 133 | €389,616 | €545,049 | +€155,433 | +39.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €5,966,287 | €670,898 | -€5.3m | -88.8% |
| Amounts payable after more than one year | 17 | €620,513 | €546,118 | -€74,395 | -12.0% |
| Financial debts | 170/4 | €620,513 | €546,118 | -€74,395 | -12.0% |
| Credit institutions | 173 | €620,513 | €546,118 | -€74,395 | -12.0% |
| Amounts payable within one year | 42/48 | €5,300,620 | €119,249 | -€5.2m | -97.8% |
| Current portion of amounts payable after more than one year | 42 | €72,141 | €74,395 | +€2,254 | +3.1% |
| Financial debts | 43 | €889,950 | €0 | -€889,950 | -100% |
| Credit institutions | 430/8 | €889,950 | €0 | -€889,950 | -100% |
| Trade debts | 44 | €4,124,972 | €19,713 | -€4.1m | -99.5% |
| Suppliers | 440/4 | €4,124,972 | €19,713 | -€4.1m | -99.5% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100% |
| Taxes, remuneration and social security | 45 | €203,558 | €25,142 | -€178,416 | -87.6% |
| Taxes | 450/3 | €31,932 | €24,349 | -€7,583 | -23.7% |
| Remuneration and social security | 454/9 | €171,626 | €793 | -€170,833 | -99.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €45,154 | €5,531 | -€39,623 | -87.8% |
| Operating income | 70/76A | €20,050,272 | €16,225,112 | -€3.8m | -19.1% |
| Turnover | 70 | €18,914,474 | €15,494,364 | -€3.4m | -18.1% |
| Other operating income | 74 | €1,124,899 | €730,748 | -€394,151 | -35.0% |
| Non-recurring operating income | 76A | €10,899 | €0 | -€10,899 | -100% |
| Operating charges | 60/66A | €19,861,421 | €15,914,669 | -€3.9m | -19.9% |
| Goods for resale, raw materials and consumables | 60 | €17,678,620 | €14,524,796 | -€3.2m | -17.8% |
| Purchases | 600/8 | €16,174,410 | €11,210,968 | -€5.0m | -30.7% |
| Change in stocks: decrease (increase) | 609 | €1,504,210 | €3,313,828 | +€1.8m | +120% |
| Services and other goods | 61 | €906,636 | €582,736 | -€323,901 | -35.7% |
| Remuneration, social security and pensions | 62 | €999,752 | €637,197 | -€362,555 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,406 | €120,294 | -€130,112 | -52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,472 | -€22,889 | -€24,361 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€80,000 | €0 | +€80,000 | |
| Other operating charges | 640/8 | €99,233 | €72,536 | -€26,697 | -26.9% |
| Non-recurring operating charges | 66A | €5,302 | €0 | -€5,302 | -100% |
| Operating profit (loss) | 9901 | €188,850 | €310,443 | +€121,592 | +64.4% |
| Financial income | 75/76B | €7,880 | €9,606 | +€1,726 | +21.9% |
| Recurring financial income | 75 | €7,880 | €9,606 | +€1,726 | +21.9% |
| Income from current assets | 751 | €6,233 | €2,350 | -€3,883 | -62.3% |
| Other financial income | 752/9 | €1,647 | €7,256 | +€5,609 | +341% |
| Financial charges | 65/66B | €166,822 | €92,322 | -€74,500 | -44.7% |
| Recurring financial charges | 65 | €166,822 | €92,322 | -€74,500 | -44.7% |
| Debt charges | 650 | €149,948 | €81,498 | -€68,450 | -45.6% |
| Other financial charges | 652/9 | €16,874 | €10,824 | -€6,050 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €29,909 | €227,727 | +€197,818 | +661% |
| Income taxes | 67/77 | €42,481 | €64,113 | +€21,632 | +50.9% |
| Taxes | 670/3 | €42,481 | €65,349 | +€22,868 | +53.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,236 | +€1,236 | |
| Profit (loss) for the period | 9904 | -€12,572 | €163,614 | +€176,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,572 | €163,614 | +€176,186 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.