TERAELEC: 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.
TERAELEC
Largest movements
- Receivables within one year -€9,947
down €9,947 (-10.6%), from €94,028 to €84,081
of which Other amounts receivable: -€5,494
- Cash -€7,223
down €7,223 (-100.0%), from €7,224 to €1
mainly Trade debts (-€41,607) and Debts after one year (-€4,447)
- Stocks and contracts -€5,114
down €5,114 (-50.1%), from €10,200 to €5,086
- Tangible fixed assets -€4,327
down €4,327 (-23.0%), from €18,827 to €14,500
of which Furniture and vehicles: -€3,032
- Financial fixed assets -€3,050
down €3,050 (-57.1%), from €5,345 to €2,295
- Trade debts -€41,607
down €41,607 (-43.7%), from €95,123 to €53,516
- Profit (loss) carried forward +€15,343
up €15,343, from -€965 to €14,378
- Debts after one year -€4,447
down €4,447 (-74.3%), from €5,982 to €1,536
- Gross operating margin +€27,841
up €27,841 (+62.9%), from €44,269 to €72,110
- Staff costs -€15,110
down €15,110 (-31.2%), from €48,369 to €33,259
- Financial charges +€8,011
up €8,011 (+246.1%), from €3,255 to €11,266
- Taxes +€1,884
up €1,884, from -€1,078 to €806
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 | €135,677 | €106,598 | -€29,079 | -21.4% |
| Fixed assets | 21/28 | €24,172 | €16,795 | -€7,377 | -30.5% |
| Tangible fixed assets | 22/27 | €18,827 | €14,500 | -€4,327 | -23.0% |
| Plant, machinery and equipment | 23 | €8,613 | €7,318 | -€1,295 | -15.0% |
| Furniture and vehicles | 24 | €10,214 | €7,182 | -€3,032 | -29.7% |
| Financial fixed assets | 28 | €5,345 | €2,295 | -€3,050 | -57.1% |
| Current assets | 29/58 | €111,505 | €89,803 | -€21,703 | -19.5% |
| Stocks and contracts in progress | 3 | €10,200 | €5,086 | -€5,114 | -50.1% |
| Stocks | 30/36 | €10,200 | €5,086 | -€5,114 | -50.1% |
| Amounts receivable within one year | 40/41 | €94,028 | €84,081 | -€9,947 | -10.6% |
| Trade receivables | 40 | €59,909 | €55,456 | -€4,453 | -7.4% |
| Other amounts receivable | 41 | €34,119 | €28,625 | -€5,494 | -16.1% |
| Cash at bank and in hand | 54/58 | €7,224 | €1 | -€7,223 | -100.0% |
| Deferred charges and accrued income | 490/1 | €53 | €635 | +€582 | +1094.9% |
| Total equity and liabilities | 10/49 | €135,677 | €106,598 | -€29,079 | -21.4% |
| Equity | 10/15 | €17,635 | €32,978 | +€15,343 | +87.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€965 | €14,378 | +€15,343 | |
| Amounts payable | 17/49 | €118,042 | €73,620 | -€44,422 | -37.6% |
| Amounts payable after more than one year | 17 | €5,982 | €1,536 | -€4,447 | -74.3% |
| Financial debts | 170/4 | €5,982 | €1,536 | -€4,447 | -74.3% |
| Amounts payable within one year | 42/48 | €112,060 | €72,084 | -€39,975 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €4,217 | €4,447 | +€230 | +5.5% |
| Financial debts | 43 | €12 | €403 | +€391 | +3378.6% |
| Credit institutions | 430/8 | €12 | €403 | +€391 | +3378.6% |
| Trade debts | 44 | €95,123 | €53,516 | -€41,607 | -43.7% |
| Suppliers | 440/4 | €95,123 | €53,516 | -€41,607 | -43.7% |
| Taxes, remuneration and social security | 45 | €6,708 | €7,718 | +€1,010 | +15.1% |
| Taxes | 450/3 | €118 | €806 | +€687 | +581.7% |
| Remuneration and social security | 454/9 | €6,590 | €6,913 | +€323 | +4.9% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €48,369 | €33,259 | -€15,110 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,242 | €9,555 | -€688 | -6.7% |
| Other operating charges | 640/8 | €1,898 | €1,882 | -€16 | -0.9% |
| Gross operating margin | 9900 | €44,269 | €72,110 | +€27,841 | +62.9% |
| Operating profit (loss) | 9901 | -€16,240 | €27,414 | +€43,654 | |
| Financial income | 75/76B | €473 | - | -€473 | |
| Recurring financial income | 75 | €473 | - | -€473 | |
| Financial charges | 65/66B | €3,255 | €11,266 | +€8,011 | +246.1% |
| Recurring financial charges | 65 | €3,255 | €11,266 | +€8,011 | +246.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,023 | €16,148 | +€35,171 | |
| Income taxes | 67/77 | -€1,078 | €806 | +€1,884 | |
| Profit (loss) for the period | 9904 | -€17,944 | €15,343 | +€33,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,944 | €15,343 | +€33,287 |
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 6 October 2026 via checked.be.