TERA: what changed
Two fiscal 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.
TERA
Largest movements
- Tangible fixed assets -€17,505
down €17,505 (-1.5%), from €1.2m to €1.2m
of which Land and buildings: -€17,154
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€3,125
down €3,125 (-8.9%), from €34,976 to €31,851
- Gross operating margin +€2,369
up €2,369 (+5.3%), from €44,450 to €46,819
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.
Cash bridge derived
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 | €1,229,844 | €1,215,735 | -€14,109 | -1.1% |
| Fixed assets | 21/28 | €1,170,078 | €1,152,573 | -€17,505 | -1.5% |
| Tangible fixed assets | 22/27 | €1,170,078 | €1,152,573 | -€17,505 | -1.5% |
| Land and buildings | 22 | €1,168,437 | €1,151,284 | -€17,154 | -1.5% |
| Plant, machinery and equipment | 23 | €704 | €813 | +€109 | +15.5% |
| Furniture and vehicles | 24 | €937 | €477 | -€461 | -49.1% |
| Current assets | 29/58 | €59,766 | €63,162 | +€3,396 | +5.7% |
| Amounts receivable within one year | 40/41 | €59,282 | €61,737 | +€2,455 | +4.1% |
| Trade receivables | 40 | €821 | €9 | -€812 | -98.9% |
| Other amounts receivable | 41 | €58,461 | €61,728 | +€3,267 | +5.6% |
| Cash at bank and in hand | 54/58 | - | €546 | +€546 | |
| Deferred charges and accrued income | 490/1 | €484 | €879 | +€395 | +81.5% |
| Total equity and liabilities | 10/49 | €1,229,844 | €1,215,735 | -€14,109 | -1.1% |
| Equity | 10/15 | €332,916 | €322,633 | -€10,283 | -3.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €820,533 | €820,533 | = | 0.0% |
| Reserves | 13 | €873 | €873 | = | 0.0% |
| Non-distributable reserves | 130/1 | €873 | €873 | = | 0.0% |
| Legal reserve | 130 | €873 | €873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€550,464 | -€560,746 | -€10,283 | -1.9% |
| Amounts payable | 17/49 | €896,929 | €893,103 | -€3,826 | -0.4% |
| Amounts payable after more than one year | 17 | €887,317 | €887,317 | = | 0.0% |
| Financial debts | 170/4 | €887,317 | €887,317 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,612 | €4,335 | -€5,276 | -54.9% |
| Financial debts | 43 | €9,612 | - | -€9,612 | |
| Credit institutions | 430/8 | €9,612 | - | -€9,612 | |
| Trade debts | 44 | - | €4,335 | +€4,335 | |
| Suppliers | 440/4 | - | €4,335 | +€4,335 | |
| Accrued charges and deferred income | 492/3 | - | €1,450 | +€1,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,089 | €17,805 | -€284 | -1.6% |
| Other operating charges | 640/8 | €7,246 | €7,447 | +€200 | +2.8% |
| Gross operating margin | 9900 | €44,450 | €46,819 | +€2,369 | +5.3% |
| Operating profit (loss) | 9901 | €19,114 | €21,568 | +€2,453 | +12.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1250.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1250.0% |
| Financial charges | 65/66B | €34,976 | €31,851 | -€3,125 | -8.9% |
| Recurring financial charges | 65 | €34,976 | €31,851 | -€3,125 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,861 | -€10,283 | +€5,579 | +35.2% |
| Profit (loss) for the period | 9904 | -€15,861 | -€10,283 | +€5,579 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,861 | -€10,283 | +€5,579 | +35.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.