TER STREEP: 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 STREEP
Largest movements
- Receivables within one year +€169,938
up €169,938 (+196%), from €86,888 to €256,826
of which Other amounts receivable: +€129,003
- Cash -€95,057
down €95,057 (-88.1%), from €107,843 to €12,786
mainly Receivables within one year (-€169,938) and Tax, wage and social debts (-€10,981)
- Tangible fixed assets -€33,895
down €33,895 (-30.8%), from €109,979 to €76,084
of which Plant, machinery and equipment: -€27,480
- Stocks and contracts -€7,747
no longer reported in 2024 (was €7,747)
- Trade debts +€28,293
up €28,293 (+43.3%), from €65,290 to €93,583
- Accrued charges and deferred income +€13,483
up €13,483 (+6,213%), from €217 to €13,700
- Tax, wage and social debts -€10,981
down €10,981 (-29.8%), from €36,887 to €25,906
of which Remuneration and social security: -€11,841
- Gross operating margin -€138,635
down €138,635 (-87.1%), from €159,242 to €20,608
- Staff costs -€116,405
down €116,405, from €105,480 to -€10,925
- Depreciation -€11,503
down €11,503 (-25.3%), from €45,398 to €33,895
- Financial income +€7,522
up €7,522 (+18,806%), from €40 to €7,562
- Other operating charges -€4,605
down €4,605 (-72.4%), from €6,358 to €1,753
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 | €312,957 | €346,196 | +€33,239 | +10.6% |
| Fixed assets | 21/28 | €110,479 | €76,584 | -€33,895 | -30.7% |
| Tangible fixed assets | 22/27 | €109,979 | €76,084 | -€33,895 | -30.8% |
| Plant, machinery and equipment | 23 | €87,480 | €60,000 | -€27,480 | -31.4% |
| Furniture and vehicles | 24 | €22,499 | €16,084 | -€6,415 | -28.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €202,478 | €269,612 | +€67,134 | +33.2% |
| Stocks and contracts in progress | 3 | €7,747 | - | -€7,747 | |
| Stocks | 30/36 | €7,747 | - | -€7,747 | |
| Amounts receivable within one year | 40/41 | €86,888 | €256,826 | +€169,938 | +196% |
| Trade receivables | 40 | €55,239 | €96,174 | +€40,935 | +74.1% |
| Other amounts receivable | 41 | €31,649 | €160,652 | +€129,003 | +408% |
| Cash at bank and in hand | 54/58 | €107,843 | €12,786 | -€95,057 | -88.1% |
| Total equity and liabilities | 10/49 | €312,957 | €346,196 | +€33,239 | +10.6% |
| Equity | 10/15 | €210,563 | €213,006 | +€2,443 | +1.2% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Reserves | 13 | €116,963 | €119,406 | +€2,443 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €115,103 | €119,406 | +€4,303 | +3.7% |
| Amounts payable | 17/49 | €102,394 | €133,190 | +€30,796 | +30.1% |
| Amounts payable within one year | 42/48 | €102,177 | €119,490 | +€17,313 | +16.9% |
| Trade debts | 44 | €65,290 | €93,583 | +€28,293 | +43.3% |
| Suppliers | 440/4 | €65,290 | €93,583 | +€28,293 | +43.3% |
| Taxes, remuneration and social security | 45 | €36,887 | €25,906 | -€10,981 | -29.8% |
| Taxes | 450/3 | €25,046 | €25,906 | +€860 | +3.4% |
| Remuneration and social security | 454/9 | €11,841 | - | -€11,841 | |
| Accrued charges and deferred income | 492/3 | €217 | €13,700 | +€13,483 | +6,213% |
| Remuneration, social security and pensions | 62 | €105,480 | -€10,925 | -€116,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,398 | €33,895 | -€11,503 | -25.3% |
| Other operating charges | 640/8 | €6,358 | €1,753 | -€4,605 | -72.4% |
| Gross operating margin | 9900 | €159,242 | €20,608 | -€138,635 | -87.1% |
| Operating profit (loss) | 9901 | €2,006 | -€4,116 | -€6,122 | |
| Financial income | 75/76B | €40 | €7,562 | +€7,522 | +18,806% |
| Recurring financial income | 75 | €40 | €7,562 | +€7,522 | +18,806% |
| Financial charges | 65/66B | €1 | €4 | +€3 | +258% |
| Recurring financial charges | 65 | €1 | €4 | +€3 | +258% |
| Profit (loss) for the period before taxes | 9903 | €2,045 | €3,443 | +€1,398 | +68.4% |
| Income taxes | 67/77 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,045 | €2,443 | +€1,398 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €1,045 | €2,443 | +€1,398 | +134% |
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 18 October 2026 via checked.be.