TERACO: 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.
TERACO
Largest movements
- Tangible fixed assets -€22,769
down €22,769 (-41.9%), from €54,353 to €31,584
of which Plant, machinery and equipment: -€11,753
- Receivables within one year -€15,069
down €15,069 (-36.4%), from €41,351 to €26,282
of which Trade receivables: -€12,369
- Cash -€6,266
down €6,266 (-21.3%), from €29,357 to €23,091
mainly Net result for the year (-€15,751) and Trade debts (-€8,461)
- Profit (loss) carried forward -€15,751
down €15,751, from €320 to -€15,430
- Trade debts -€8,461
down €8,461 (-81.6%), from €10,374 to €1,913
- Debts after one year -€7,999
no longer reported in 2025 (was €7,999)
- Short-term financial debts -€5,833
no longer reported in 2025 (was €5,833)
- Tax, wage and social debts -€4,181
down €4,181 (-66.0%), from €6,334 to €2,153
of which Taxes: -€2,181
- Gross operating margin -€42,738
down €42,738 (-94.9%), from €45,028 to €2,290
- Taxes -€9,316
down €9,316, from €7,711 to -€1,605
- Other operating charges -€549
down €549 (-40.2%), from €1,366 to €817
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 | €125,866 | €81,173 | -€44,693 | -35.5% |
| Fixed assets | 21/28 | €54,550 | €31,800 | -€22,750 | -41.7% |
| Tangible fixed assets | 22/27 | €54,353 | €31,584 | -€22,769 | -41.9% |
| Plant, machinery and equipment | 23 | €31,767 | €20,014 | -€11,753 | -37.0% |
| Furniture and vehicles | 24 | €22,586 | €11,570 | -€11,015 | -48.8% |
| Financial fixed assets | 28 | €197 | €216 | +€19 | +9.4% |
| Current assets | 29/58 | €71,316 | €49,374 | -€21,942 | -30.8% |
| Amounts receivable within one year | 40/41 | €41,351 | €26,282 | -€15,069 | -36.4% |
| Trade receivables | 40 | €36,844 | €24,476 | -€12,369 | -33.6% |
| Other amounts receivable | 41 | €4,507 | €1,807 | -€2,700 | -59.9% |
| Cash at bank and in hand | 54/58 | €29,357 | €23,091 | -€6,266 | -21.3% |
| Deferred charges and accrued income | 490/1 | €607 | - | -€607 | |
| Total equity and liabilities | 10/49 | €125,866 | €81,173 | -€44,693 | -35.5% |
| Equity | 10/15 | €84,860 | €69,110 | -€15,751 | -18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €74,540 | €74,540 | = | 0.0% |
| Distributable reserves | 133 | €74,540 | €74,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320 | -€15,430 | -€15,751 | |
| Amounts payable | 17/49 | €41,006 | €12,064 | -€28,942 | -70.6% |
| Amounts payable after more than one year | 17 | €7,999 | - | -€7,999 | |
| Financial debts | 170/4 | €7,999 | - | -€7,999 | |
| Amounts payable within one year | 42/48 | €33,007 | €12,064 | -€20,943 | -63.5% |
| Current portion of amounts payable after more than one year | 42 | €10,466 | €7,999 | -€2,467 | -23.6% |
| Financial debts | 43 | €5,833 | - | -€5,833 | |
| Credit institutions | 430/8 | €5,833 | - | -€5,833 | |
| Trade debts | 44 | €10,374 | €1,913 | -€8,461 | -81.6% |
| Suppliers | 440/4 | €10,374 | €1,913 | -€8,461 | -81.6% |
| Taxes, remuneration and social security | 45 | €6,334 | €2,153 | -€4,181 | -66.0% |
| Taxes | 450/3 | €4,334 | €2,153 | -€2,181 | -50.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €1,920 | €1,920 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,914 | €16,109 | +€195 | +1.2% |
| Other operating charges | 640/8 | €1,366 | €817 | -€549 | -40.2% |
| Gross operating margin | 9900 | €45,028 | €2,290 | -€42,738 | -94.9% |
| Operating profit (loss) | 9901 | €25,828 | -€16,556 | -€42,384 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +4233.3% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4233.3% |
| Financial charges | 65/66B | €770 | €802 | +€32 | +4.2% |
| Recurring financial charges | 65 | €770 | €802 | +€32 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €25,058 | -€17,356 | -€42,413 | |
| Income taxes | 67/77 | €7,711 | -€1,605 | -€9,316 | |
| Profit (loss) for the period | 9904 | €17,347 | -€15,751 | -€33,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,347 | -€15,751 | -€33,098 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.