TERA GROUP: 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 GROUP
Largest movements
- Receivables within one year +€212,784
new in 2025: €212,784
- Tangible fixed assets -€9,199
down €9,199 (-2.9%), from €313,797 to €304,598
- Debts after one year +€167,922
up €167,922 (+54.2%), from €309,784 to €477,706
of which Other amounts payable: +€181,962
- Profit (loss) carried forward +€29,521
up €29,521 (+93.8%), from -€31,485 to -€1,965
- Gross operating margin +€29,112
up €29,112 (+181.3%), from €16,054 to €45,166
- Turnover +€25,471
up €25,471 (+79.8%), from €31,925 to €57,395
- Purchases and services -€3,642
down €3,642 (-22.9%), from €15,871 to €12,229
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 | €322,682 | €524,515 | +€201,833 | +62.5% |
| Fixed assets | 21/28 | €313,797 | €304,598 | -€9,199 | -2.9% |
| Tangible fixed assets | 22/27 | €313,797 | €304,598 | -€9,199 | -2.9% |
| Land and buildings | 22 | €313,797 | €304,598 | -€9,199 | -2.9% |
| Current assets | 29/58 | €8,884 | €219,916 | +€211,032 | +2375.3% |
| Amounts receivable within one year | 40/41 | - | €212,784 | +€212,784 | |
| Other amounts receivable | 41 | - | €212,784 | +€212,784 | |
| Cash at bank and in hand | 54/58 | €8,884 | €7,132 | -€1,752 | -19.7% |
| Total equity and liabilities | 10/49 | €322,682 | €524,515 | +€201,833 | +62.5% |
| Equity | 10/15 | -€12,885 | €16,635 | +€29,521 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,485 | -€1,965 | +€29,521 | +93.8% |
| Amounts payable | 17/49 | €335,567 | €507,879 | +€172,312 | +51.3% |
| Amounts payable after more than one year | 17 | €309,784 | €477,706 | +€167,922 | +54.2% |
| Financial debts | 170/4 | €77,558 | €63,518 | -€14,040 | -18.1% |
| Other amounts payable | 178/9 | €232,226 | €414,189 | +€181,962 | +78.4% |
| Amounts payable within one year | 42/48 | €14,644 | €19,290 | +€4,646 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €13,736 | €15,207 | +€1,470 | +10.7% |
| Trade debts | 44 | €908 | €683 | -€224 | -24.7% |
| Suppliers | 440/4 | €908 | €683 | -€224 | -24.7% |
| Other amounts payable | 47/48 | - | €3,400 | +€3,400 | |
| Accrued charges and deferred income | 492/3 | €11,140 | €10,884 | -€256 | -2.3% |
| Turnover | 70 | €31,925 | €57,395 | +€25,471 | +79.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,871 | €12,229 | -€3,642 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,524 | €10,547 | +€23 | +0.2% |
| Other operating charges | 640/8 | €1,468 | €1,515 | +€46 | +3.2% |
| Gross operating margin | 9900 | €16,054 | €45,166 | +€29,112 | +181.3% |
| Operating profit (loss) | 9901 | €4,062 | €33,105 | +€29,043 | +715.0% |
| Financial charges | 65/66B | €3,949 | €3,584 | -€365 | -9.2% |
| Recurring financial charges | 65 | €3,949 | €3,584 | -€365 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €112 | €29,521 | +€29,408 | +26154.5% |
| Profit (loss) for the period | 9904 | €112 | €29,521 | +€29,408 | +26154.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112 | €29,521 | +€29,408 | +26154.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.