TERA GROEP: 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.
TERA GROEP
Largest movements
- Receivables within one year -€89,532
down €89,532 (-35.8%), from €250,012 to €160,480
- Cash +€62,000
up €62,000 (+2,011%), from €3,083 to €65,083
mainly Receivables within one year (+€89,532) and Depreciation (+€83,092)
- Tangible fixed assets +€53,062
up €53,062 (+21.9%), from €242,824 to €295,886
of which Furniture and vehicles: +€41,216
- Deferred charges and accrued income +€23,843
up €23,843 (+7,903%), from €302 to €24,145
- Trade debts +€37,736
up €37,736 (+41.5%), from €90,932 to €128,668
- Current portion of long-term debt +€26,839
up €26,839 (+50.8%), from €52,857 to €79,696
- Debts after one year -€14,811
down €14,811 (-16.3%), from €91,099 to €76,288
- Advances received -€10,978
no longer reported in 2025 (was €10,978)
- Reserves +€10,000
up €10,000 (+23.0%), from €43,500 to €53,500
- Gross operating margin +€294,728
up €294,728 (+55.0%), from €535,445 to €830,174
- Staff costs +€263,776
up €263,776 (+67.3%), from €392,015 to €655,791
- Write-downs +€27,259
new in 2025: €27,259
- Other operating charges +€22,986
up €22,986 (+261%), from €8,802 to €31,788
- Depreciation +€22,873
up €22,873 (+38.0%), from €60,219 to €83,092
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.
Derived cash bridge
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 | €531,230 | €582,328 | +€51,098 | +9.6% |
| Fixed assets | 21/28 | €277,834 | €332,621 | +€54,787 | +19.7% |
| Tangible fixed assets | 22/27 | €242,824 | €295,886 | +€53,062 | +21.9% |
| Plant, machinery and equipment | 23 | €14,063 | €25,909 | +€11,846 | +84.2% |
| Furniture and vehicles | 24 | €228,761 | €269,977 | +€41,216 | +18.0% |
| Financial fixed assets | 28 | €35,010 | €36,735 | +€1,725 | +4.9% |
| Current assets | 29/58 | €253,396 | €249,707 | -€3,689 | -1.5% |
| Amounts receivable within one year | 40/41 | €250,012 | €160,480 | -€89,532 | -35.8% |
| Trade receivables | 40 | €250,012 | €160,480 | -€89,532 | -35.8% |
| Cash at bank and in hand | 54/58 | €3,083 | €65,083 | +€62,000 | +2,011% |
| Deferred charges and accrued income | 490/1 | €302 | €24,145 | +€23,843 | +7,903% |
| Total equity and liabilities | 10/49 | €531,230 | €582,328 | +€51,098 | +9.6% |
| Equity | 10/15 | €142,865 | €154,567 | +€11,703 | +8.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,500 | €53,500 | +€10,000 | +23.0% |
| Distributable reserves | 133 | €43,500 | €53,500 | +€10,000 | +23.0% |
| Profit (loss) carried forward | 14 | €98,365 | €100,067 | +€1,703 | +1.7% |
| Amounts payable | 17/49 | €388,365 | €427,761 | +€39,395 | +10.1% |
| Amounts payable after more than one year | 17 | €91,099 | €76,288 | -€14,811 | -16.3% |
| Financial debts | 170/4 | €91,099 | €76,288 | -€14,811 | -16.3% |
| Amounts payable within one year | 42/48 | €297,266 | €351,472 | +€54,206 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €52,857 | €79,696 | +€26,839 | +50.8% |
| Trade debts | 44 | €90,932 | €128,668 | +€37,736 | +41.5% |
| Suppliers | 440/4 | €90,932 | €128,668 | +€37,736 | +41.5% |
| Advances received on contracts in progress | 46 | €10,978 | - | -€10,978 | |
| Taxes, remuneration and social security | 45 | €119,642 | €114,418 | -€5,224 | -4.4% |
| Taxes | 450/3 | €71,231 | €49,320 | -€21,912 | -30.8% |
| Remuneration and social security | 454/9 | €48,411 | €65,098 | +€16,687 | +34.5% |
| Other amounts payable | 47/48 | €22,857 | €28,691 | +€5,833 | +25.5% |
| Remuneration, social security and pensions | 62 | €392,015 | €655,791 | +€263,776 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,219 | €83,092 | +€22,873 | +38.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,259 | +€27,259 | |
| Other operating charges | 640/8 | €8,802 | €31,788 | +€22,986 | +261% |
| Gross operating margin | 9900 | €535,445 | €830,174 | +€294,728 | +55.0% |
| Operating profit (loss) | 9901 | €74,409 | €32,243 | -€42,166 | -56.7% |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €7,563 | €9,280 | +€1,717 | +22.7% |
| Recurring financial charges | 65 | €7,563 | €9,280 | +€1,717 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €66,847 | €23,018 | -€43,828 | -65.6% |
| Income taxes | 67/77 | €22,798 | €11,315 | -€11,483 | -50.4% |
| Profit (loss) for the period | 9904 | €44,049 | €11,703 | -€32,346 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,049 | €11,703 | -€32,346 | -73.4% |
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 17 October 2026 via checked.be.