Ter Veure: 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 Veure
Largest movements
- Current investments +€69,501
up €69,501 (+139.0%), from €50,000 to €119,501
- Receivables within one year +€36,751
up €36,751 (+199.7%), from €18,400 to €55,151
of which Trade receivables: +€22,001
- Cash -€13,660
down €13,660 (-11.9%), from €114,735 to €101,075
mainly Current investments (-€69,501) and Receivables within one year (-€36,751)
- Reserves +€171,441
up €171,441 (+48.6%), from €352,447 to €523,888
of which Distributable reserves: +€171,441
- Profit (loss) carried forward -€38,665
down €38,665 (-100.0%), from €38,665 to €0
- Other debts -€23,768
down €23,768 (-82.6%), from €28,759 to €4,991
- Debts after one year -€14,000
down €14,000 (-23.1%), from €60,666 to €46,666
- Gross operating margin +€69,121
up €69,121 (+52.8%), from €130,964 to €200,086
- Taxes +€22,259
up €22,259 (+58.9%), from €37,768 to €60,028
- Financial income +€3,589
up €3,589 (+2022.6%), from €177 to €3,767
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.
Cash bridge derived
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 | €568,181 | €659,135 | +€90,955 | +16.0% |
| Fixed assets | 21/28 | €384,519 | €381,018 | -€3,501 | -0.9% |
| Tangible fixed assets | 22/27 | €321,319 | €322,818 | +€1,499 | +0.5% |
| Land and buildings | 22 | €311,000 | €311,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €806 | +€806 | |
| Furniture and vehicles | 24 | €10,319 | €11,013 | +€694 | +6.7% |
| Financial fixed assets | 28 | €63,200 | €58,200 | -€5,000 | -7.9% |
| Current assets | 29/58 | €183,662 | €278,117 | +€94,455 | +51.4% |
| Amounts receivable within one year | 40/41 | €18,400 | €55,151 | +€36,751 | +199.7% |
| Trade receivables | 40 | €18,150 | €40,151 | +€22,001 | +121.2% |
| Other amounts receivable | 41 | €250 | €15,000 | +€14,750 | +5905.8% |
| Current investments | 50/53 | €50,000 | €119,501 | +€69,501 | +139.0% |
| Cash at bank and in hand | 54/58 | €114,735 | €101,075 | -€13,660 | -11.9% |
| Deferred charges and accrued income | 490/1 | €527 | €2,390 | +€1,862 | +353.0% |
| Total equity and liabilities | 10/49 | €568,181 | €659,135 | +€90,955 | +16.0% |
| Equity | 10/15 | €433,571 | €566,348 | +€132,776 | +30.6% |
| Contributions | 10/11 | €42,460 | €42,460 | = | 0.0% |
| Reserves | 13 | €352,447 | €523,888 | +€171,441 | +48.6% |
| Tax-exempt reserves | 132 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €352,362 | €523,803 | +€171,441 | +48.7% |
| Profit (loss) carried forward | 14 | €38,665 | €0 | -€38,665 | -100.0% |
| Amounts payable | 17/49 | €134,610 | €92,788 | -€41,822 | -31.1% |
| Amounts payable after more than one year | 17 | €60,666 | €46,666 | -€14,000 | -23.1% |
| Financial debts | 170/4 | €60,666 | €46,666 | -€14,000 | -23.1% |
| Amounts payable within one year | 42/48 | €73,943 | €46,122 | -€27,822 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €940 | €1,382 | +€443 | +47.1% |
| Suppliers | 440/4 | €940 | €1,382 | +€443 | +47.1% |
| Taxes, remuneration and social security | 45 | €30,245 | €25,748 | -€4,497 | -14.9% |
| Taxes | 450/3 | €30,245 | €25,748 | -€4,497 | -14.9% |
| Other amounts payable | 47/48 | €28,759 | €4,991 | -€23,768 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,281 | €5,485 | -€796 | -12.7% |
| Other operating charges | 640/8 | €1,892 | €1,847 | -€44 | -2.3% |
| Non-recurring operating charges | 66A | €535 | €0 | -€535 | -100.0% |
| Gross operating margin | 9900 | €130,964 | €200,086 | +€69,121 | +52.8% |
| Operating profit (loss) | 9901 | €122,256 | €192,753 | +€70,497 | +57.7% |
| Financial income | 75/76B | €177 | €3,767 | +€3,589 | +2022.6% |
| Recurring financial income | 75 | €177 | €3,767 | +€3,589 | +2022.6% |
| Financial charges | 65/66B | €3,249 | €3,716 | +€467 | +14.4% |
| Recurring financial charges | 65 | €3,249 | €3,716 | +€467 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €119,185 | €192,804 | +€73,619 | +61.8% |
| Income taxes | 67/77 | €37,768 | €60,028 | +€22,259 | +58.9% |
| Profit (loss) for the period | 9904 | €81,416 | €132,776 | +€51,360 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,416 | €132,776 | +€51,360 | +63.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.