TER VLIET: what changed
What changed
TER VLIET
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€102,475
2024 · €97,975+€4,500
Equity
€484,551
2024 · €385,476+€99,075
Cash
€189,510
2024 · €100,026+€89,483
Balance sheet total
€643,322
2024 · €578,910+€64,412
Largest movements
Assets
- Cash +€89,483
up €89,483 (+89.5%), from €100,026 to €189,510
mainly Net result for the year (+€102,475) and Depreciation (+€21,104)
- Tangible fixed assets -€13,660
down €13,660 (-4.0%), from €340,490 to €326,830
of which Land and buildings: -€11,382
- Receivables within one year -€12,833
down €12,833 (-9.5%), from €134,584 to €121,751
of which Other amounts receivable: -€19,099
Equity and liabilities
- Reserves +€99,075
up €99,075 (+26.6%), from €373,076 to €472,151
- Debts after one year -€39,529
down €39,529 (-29.2%), from €135,345 to €95,816
- Tax, wage and social debts +€18,293
up €18,293 (+129%), from €14,170 to €32,463
of which Taxes: +€18,166
- Current portion of long-term debt -€10,367
down €10,367 (-47.0%), from €22,040 to €11,674
Income statement
- Depreciation -€15,080
down €15,080 (-41.7%), from €36,184 to €21,104
- Gross operating margin -€9,031
down €9,031 (-4.3%), from €209,940 to €200,908
- Taxes +€2,103
up €2,103 (+5.2%), from €40,459 to €42,562
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
€97,975
Gross operating margin
-€9,031
Staff costs
-€745
Depreciation
+€15,080
Other operating charges
-€159
Financial income
+€909
Financial charges
+€549
Taxes
-€2,103
Result 2025
€102,475
raises the resultlowers the result
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
+€150,224
Investment
-€7,444
Financing
-€53,296
Cash 2024
€100,026
From operations (derived)
+€150,224
Net result for the year
+€102,475
Depreciation
+€21,104
Receivables within one year
+€12,833
Deferred charges and accrued income
-€1,422
Trade debts
-€3,565
Tax, wage and social debts
+€18,293
Advances received
+€290
Other debts
+€1,200
Accrued charges and deferred income
-€986
Investment (derived)
-€7,444
Investment in fixed assets (net)
-€7,444
Financing
-€53,296
Debts after one year
-€39,529
Current portion of long-term debt
-€10,367
Contributions, distributions and other
-€3,400
Cash 2025
€189,510
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €578,910 | €643,322 | +€64,412 | +11.1% |
| Fixed assets | 21/28 | €340,490 | €326,830 | -€13,660 | -4.0% |
| Tangible fixed assets | 22/27 | €340,490 | €326,830 | -€13,660 | -4.0% |
| Land and buildings | 22 | €335,726 | €324,344 | -€11,382 | -3.4% |
| Plant, machinery and equipment | 23 | €2,162 | €1,517 | -€645 | -29.8% |
| Furniture and vehicles | 24 | €2,602 | €969 | -€1,633 | -62.8% |
| Current assets | 29/58 | €238,420 | €316,492 | +€78,072 | +32.7% |
| Amounts receivable within one year | 40/41 | €134,584 | €121,751 | -€12,833 | -9.5% |
| Trade receivables | 40 | €40,766 | €47,033 | +€6,266 | +15.4% |
| Other amounts receivable | 41 | €93,817 | €74,718 | -€19,099 | -20.4% |
| Cash at bank and in hand | 54/58 | €100,026 | €189,510 | +€89,483 | +89.5% |
| Deferred charges and accrued income | 490/1 | €3,809 | €5,231 | +€1,422 | +37.3% |
| Total equity and liabilities | 10/49 | €578,910 | €643,322 | +€64,412 | +11.1% |
| Equity | 10/15 | €385,476 | €484,551 | +€99,075 | +25.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €373,076 | €472,151 | +€99,075 | +26.6% |
| Distributable reserves | 133 | €373,076 | €472,151 | +€99,075 | +26.6% |
| Amounts payable | 17/49 | €193,434 | €158,771 | -€34,663 | -17.9% |
| Amounts payable after more than one year | 17 | €135,345 | €95,816 | -€39,529 | -29.2% |
| Financial debts | 170/4 | €135,345 | €95,816 | -€39,529 | -29.2% |
| Amounts payable within one year | 42/48 | €56,438 | €62,290 | +€5,852 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €22,040 | €11,674 | -€10,367 | -47.0% |
| Trade debts | 44 | €15,867 | €12,302 | -€3,565 | -22.5% |
| Suppliers | 440/4 | €15,867 | €12,302 | -€3,565 | -22.5% |
| Advances received on contracts in progress | 46 | - | €290 | +€290 | |
| Taxes, remuneration and social security | 45 | €14,170 | €32,463 | +€18,293 | +129% |
| Taxes | 450/3 | €9,679 | €27,845 | +€18,166 | +188% |
| Remuneration and social security | 454/9 | €4,492 | €4,619 | +€127 | +2.8% |
| Other amounts payable | 47/48 | €4,360 | €5,560 | +€1,200 | +27.5% |
| Accrued charges and deferred income | 492/3 | €1,651 | €665 | -€986 | -59.7% |
| Remuneration, social security and pensions | 62 | €31,074 | €31,819 | +€745 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,184 | €21,104 | -€15,080 | -41.7% |
| Other operating charges | 640/8 | €4,940 | €5,099 | +€159 | +3.2% |
| Gross operating margin | 9900 | €209,940 | €200,908 | -€9,031 | -4.3% |
| Operating profit (loss) | 9901 | €137,742 | €142,886 | +€5,145 | +3.7% |
| Financial income | 75/76B | €4,334 | €5,243 | +€909 | +21.0% |
| Recurring financial income | 75 | €4,334 | €5,243 | +€909 | +21.0% |
| Financial charges | 65/66B | €3,641 | €3,093 | -€549 | -15.1% |
| Recurring financial charges | 65 | €3,641 | €3,093 | -€549 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €138,434 | €145,037 | +€6,603 | +4.8% |
| Income taxes | 67/77 | €40,459 | €42,562 | +€2,103 | +5.2% |
| Profit (loss) for the period | 9904 | €97,975 | €102,475 | +€4,500 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,975 | €102,475 | +€4,500 | +4.6% |
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 7 November 2026 via checked.be.