TERAGY: 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.
TERAGY
Largest movements
- Cash +€137,271
up €137,271 (+617%), from €22,250 to €159,521
mainly Depreciation (+€97,460) and Net result for the year (+€59,393)
- Tangible fixed assets -€50,323
down €50,323 (-4.2%), from €1.2m to €1.2m
of which Furniture and vehicles: -€30,222
- Receivables within one year +€16,185
up €16,185 (+58.4%), from €27,716 to €43,901
- Reserves +€59,393
up €59,393 (+15.2%), from €390,884 to €450,277
of which Tax-exempt reserves: +€49,504
- Other debts +€53,288
up €53,288 (+34.2%), from €156,000 to €209,288
- Debts after one year -€46,395
down €46,395 (-42.7%), from €108,774 to €62,379
- Trade debts +€16,454
up €16,454 (+33.2%), from €49,625 to €66,079
- Provisions +€15,962
up €15,962 (+15.6%), from €102,277 to €118,239
- Gross operating margin +€73,518
up €73,518 (+42.0%), from €175,178 to €248,696
- Depreciation -€23,253
down €23,253 (-19.3%), from €120,713 to €97,460
- Staff costs +€9,901
up €9,901 (+28.8%), from €34,320 to €44,221
- Other operating charges -€5,302
down €5,302 (-17.5%), from €30,233 to €24,931
- Financial charges +€3,139
up €3,139 (+121%), from €2,604 to €5,743
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 | €1,335,605 | €1,430,437 | +€94,832 | +7.1% |
| Fixed assets | 21/28 | €1,245,637 | €1,195,314 | -€50,323 | -4.0% |
| Tangible fixed assets | 22/27 | €1,202,961 | €1,152,638 | -€50,323 | -4.2% |
| Land and buildings | 22 | €841,002 | €813,262 | -€27,740 | -3.3% |
| Plant, machinery and equipment | 23 | €22,400 | €19,876 | -€2,524 | -11.3% |
| Furniture and vehicles | 24 | €128,237 | €98,015 | -€30,222 | -23.6% |
| Other tangible fixed assets | 26 | €211,322 | €221,485 | +€10,163 | +4.8% |
| Financial fixed assets | 28 | €42,676 | €42,676 | = | 0.0% |
| Current assets | 29/58 | €89,968 | €235,123 | +€145,155 | +161% |
| Stocks and contracts in progress | 3 | €26,897 | €24,564 | -€2,333 | -8.7% |
| Stocks | 30/36 | €26,897 | €24,564 | -€2,333 | -8.7% |
| Amounts receivable within one year | 40/41 | €27,716 | €43,901 | +€16,185 | +58.4% |
| Trade receivables | 40 | €27,716 | €43,901 | +€16,185 | +58.4% |
| Cash at bank and in hand | 54/58 | €22,250 | €159,521 | +€137,271 | +617% |
| Deferred charges and accrued income | 490/1 | €13,105 | €7,137 | -€5,968 | -45.5% |
| Total equity and liabilities | 10/49 | €1,335,605 | €1,430,437 | +€94,832 | +7.1% |
| Equity | 10/15 | €738,103 | €797,496 | +€59,393 | +8.0% |
| Contributions | 10/11 | €230,541 | €230,541 | = | 0.0% |
| Contributions outside capital | 11 | - | €230,541 | +€230,541 | |
| Other | 1109/19 | - | €230,541 | +€230,541 | |
| Reserves | 13 | €390,884 | €450,277 | +€59,393 | +15.2% |
| Non-distributable reserves | 130/1 | €85,670 | €95,559 | +€9,889 | +11.5% |
| Reserves not available under the articles | 1311 | €23,054 | €23,054 | = | 0.0% |
| Other | 1319 | €62,616 | €72,505 | +€9,889 | +15.8% |
| Tax-exempt reserves | 132 | €305,214 | €354,718 | +€49,504 | +16.2% |
| Profit (loss) carried forward | 14 | €116,678 | €116,678 | = | 0.0% |
| Provisions and deferred taxes | 16 | €102,277 | €118,239 | +€15,962 | +15.6% |
| Deferred taxes | 168 | €102,277 | €118,239 | +€15,962 | +15.6% |
| Amounts payable | 17/49 | €495,225 | €514,702 | +€19,477 | +3.9% |
| Amounts payable after more than one year | 17 | €108,774 | €62,379 | -€46,395 | -42.7% |
| Financial debts | 170/4 | €108,774 | €62,379 | -€46,395 | -42.7% |
| Amounts payable within one year | 42/48 | €382,505 | €445,250 | +€62,745 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €48,210 | €48,396 | +€186 | +0.4% |
| Trade debts | 44 | €49,625 | €66,079 | +€16,454 | +33.2% |
| Suppliers | 440/4 | €49,625 | €66,079 | +€16,454 | +33.2% |
| Advances received on contracts in progress | 46 | €116,253 | €113,422 | -€2,831 | -2.4% |
| Taxes, remuneration and social security | 45 | €12,417 | €8,065 | -€4,352 | -35.0% |
| Taxes | 450/3 | €4,900 | €1,972 | -€2,928 | -59.8% |
| Remuneration and social security | 454/9 | €7,517 | €6,093 | -€1,424 | -18.9% |
| Other amounts payable | 47/48 | €156,000 | €209,288 | +€53,288 | +34.2% |
| Accrued charges and deferred income | 492/3 | €3,946 | €7,073 | +€3,127 | +79.2% |
| Remuneration, social security and pensions | 62 | €34,320 | €44,221 | +€9,901 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,713 | €97,460 | -€23,253 | -19.3% |
| Other operating charges | 640/8 | €30,233 | €24,931 | -€5,302 | -17.5% |
| Gross operating margin | 9900 | €175,178 | €248,696 | +€73,518 | +42.0% |
| Operating profit (loss) | 9901 | -€10,088 | €82,084 | +€92,172 | |
| Financial income | 75/76B | €2,325 | €499 | -€1,826 | -78.5% |
| Recurring financial income | 75 | €2,325 | €499 | -€1,826 | -78.5% |
| Financial charges | 65/66B | €2,604 | €5,743 | +€3,139 | +121% |
| Recurring financial charges | 65 | €2,604 | €5,743 | +€3,139 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€10,367 | €76,840 | +€87,207 | |
| Transfer from deferred taxes | 780 | - | €7,289 | +€7,289 | |
| Transfer to deferred taxes | 680 | - | €23,250 | +€23,250 | |
| Income taxes | 67/77 | - | €1,486 | +€1,486 | |
| Profit (loss) for the period | 9904 | -€10,367 | €59,393 | +€69,760 | |
| Transfer from tax-exempt reserves | 789 | €23,824 | €20,246 | -€3,578 | -15.0% |
| Transfer to tax-exempt reserves | 689 | €1,666 | €69,750 | +€68,084 | +4,087% |
| Profit (loss) for the period to be appropriated | 9905 | €11,791 | €9,889 | -€1,902 | -16.1% |
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 13 October 2026 via checked.be.