TERAHASH CONSULT: 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.
TERAHASH CONSULT
Largest movements
- Cash -€22,962
down €22,962 (-28.0%), from €82,055 to €59,093
mainly Investment in fixed assets (net) (-€30,688) and Other debts (-€14,470)
- Tangible fixed assets +€14,323
up €14,323 (+4.8%), from €295,978 to €310,301
of which Assets under construction and advance payments: +€27,066
- Receivables within one year -€6,102
down €6,102 (-32.0%), from €19,058 to €12,955
of which Trade receivables: -€6,660
- Other debts -€14,470
down €14,470 (-14.4%), from €100,608 to €86,138
- Provisions +€11,779
up €11,779 (+50.8%), from €23,164 to €34,943
- Tax, wage and social debts -€10,635
down €10,635 (-77.0%), from €13,818 to €3,184
- Profit (loss) carried forward +€4,541
new in 2025: €4,541
- Gross operating margin -€95,010
down €95,010 (-69.3%), from €137,154 to €42,144
- Taxes -€18,749
down €18,749 (-80.6%), from €23,274 to €4,526
- Depreciation -€5,624
down €5,624 (-25.6%), from €21,989 to €16,364
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 | €398,157 | €383,912 | -€14,246 | -3.6% |
| Fixed assets | 21/28 | €295,978 | €310,301 | +€14,323 | +4.8% |
| Tangible fixed assets | 22/27 | €295,978 | €310,301 | +€14,323 | +4.8% |
| Land and buildings | 22 | €259,741 | €252,904 | -€6,837 | -2.6% |
| Plant, machinery and equipment | 23 | €12,318 | €11,197 | -€1,121 | -9.1% |
| Furniture and vehicles | 24 | €23,919 | €19,135 | -€4,784 | -20.0% |
| Assets under construction and advance payments | 27 | - | €27,066 | +€27,066 | |
| Current assets | 29/58 | €102,180 | €73,610 | -€28,569 | -28.0% |
| Amounts receivable within one year | 40/41 | €19,058 | €12,955 | -€6,102 | -32.0% |
| Trade receivables | 40 | €19,058 | €12,397 | -€6,660 | -34.9% |
| Other amounts receivable | 41 | - | €558 | +€558 | |
| Cash at bank and in hand | 54/58 | €82,055 | €59,093 | -€22,962 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,562 | +€495 | +46.4% |
| Total equity and liabilities | 10/49 | €398,157 | €383,912 | -€14,246 | -3.6% |
| Equity | 10/15 | €19,970 | €24,511 | +€4,541 | +22.7% |
| Contributions | 10/11 | €19,970 | €19,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,541 | +€4,541 | |
| Provisions and deferred taxes | 16 | €23,164 | €34,943 | +€11,779 | +50.8% |
| Provisions for liabilities and charges | 160/5 | €23,164 | €34,943 | +€11,779 | +50.8% |
| Environmental obligations | 163 | €23,164 | €34,943 | +€11,779 | +50.8% |
| Amounts payable | 17/49 | €355,023 | €324,457 | -€30,566 | -8.6% |
| Amounts payable after more than one year | 17 | €209,659 | €208,130 | -€1,529 | -0.7% |
| Financial debts | 170/4 | €209,659 | €208,130 | -€1,529 | -0.7% |
| Amounts payable within one year | 42/48 | €145,364 | €116,328 | -€29,036 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €25,213 | €24,597 | -€615 | -2.4% |
| Financial debts | 43 | €3,719 | €1,683 | -€2,036 | -54.8% |
| Credit institutions | 430/8 | €3,719 | €1,683 | -€2,036 | -54.8% |
| Trade debts | 44 | €2,006 | €726 | -€1,280 | -63.8% |
| Suppliers | 440/4 | €2,006 | €726 | -€1,280 | -63.8% |
| Taxes, remuneration and social security | 45 | €13,818 | €3,184 | -€10,635 | -77.0% |
| Taxes | 450/3 | €13,818 | €3,184 | -€10,635 | -77.0% |
| Other amounts payable | 47/48 | €100,608 | €86,138 | -€14,470 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,989 | €16,364 | -€5,624 | -25.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,618 | €11,779 | +€160 | +1.4% |
| Other operating charges | 640/8 | €1,465 | €1,482 | +€17 | +1.2% |
| Gross operating margin | 9900 | €137,154 | €42,144 | -€95,010 | -69.3% |
| Operating profit (loss) | 9901 | €102,083 | €12,519 | -€89,563 | -87.7% |
| Financial income | 75/76B | €280 | €278 | -€2 | -0.5% |
| Recurring financial income | 75 | €280 | €278 | -€2 | -0.5% |
| Financial charges | 65/66B | €4,311 | €3,731 | -€580 | -13.5% |
| Recurring financial charges | 65 | €4,311 | €3,731 | -€580 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €98,052 | €9,067 | -€88,985 | -90.8% |
| Income taxes | 67/77 | €23,274 | €4,526 | -€18,749 | -80.6% |
| Profit (loss) for the period | 9904 | €74,777 | €4,541 | -€70,236 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,777 | €4,541 | -€70,236 | -93.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.