Teralis: 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.
Teralis
Largest movements
- Current investments -€900,000
down €900,000 (-100.0%), from €900,000 to €0
- Cash +€749,376
up €749,376 (+212.3%), from €353,042 to €1.1m
mainly Current investments (+€900,000) and Depreciation (+€347,058)
- Tangible fixed assets -€259,030
down €259,030 (-6.3%), from €4.1m to €3.9m
of which Plant, machinery and equipment: -€146,829
- Profit (loss) carried forward -€136,172
down €136,172 (-14.6%), from €933,036 to €796,864
- Investment grants -€132,190
down €132,190 (-6.6%), from €2.0m to €1.9m
- Accrued charges and deferred income -€83,259
down €83,259 (-30.6%), from €271,774 to €188,515
- Provisions +€79,647
up €79,647 (+221.2%), from €36,000 to €115,647
- Debts within one year -€75,993
down €75,993 (-15.0%), from €508,178 to €432,185
of which Advances received: -€180,045
- Staff costs +€229,423
up €229,423 (+24.2%), from €948,312 to €1.2m
- Gross operating margin +€135,764
up €135,764 (+9.1%), from €1.5m to €1.6m
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 | €5,885,335 | €5,481,383 | -€403,953 | -6.9% |
| Fixed assets | 21/28 | €4,130,809 | €3,871,779 | -€259,030 | -6.3% |
| Tangible fixed assets | 22/27 | €4,130,809 | €3,871,779 | -€259,030 | -6.3% |
| Land and buildings | 22 | €1,857,193 | €1,768,369 | -€88,824 | -4.8% |
| Plant, machinery and equipment | 23 | €2,216,402 | €2,069,573 | -€146,829 | -6.6% |
| Furniture and vehicles | 24 | €39,693 | €33,837 | -€5,856 | -14.8% |
| Assets under construction and advance payments | 27 | €17,520 | €0 | -€17,520 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,754,526 | €1,609,603 | -€144,923 | -8.3% |
| Stocks and contracts in progress | 3 | €20,097 | €2,729 | -€17,367 | -86.4% |
| Stocks | 30/36 | €20,097 | €2,729 | -€17,367 | -86.4% |
| Amounts receivable within one year | 40/41 | €262,479 | €286,067 | +€23,588 | +9.0% |
| Trade receivables | 40 | €150,522 | €154,854 | +€4,332 | +2.9% |
| Other amounts receivable | 41 | €111,957 | €131,213 | +€19,256 | +17.2% |
| Current investments | 50/53 | €900,000 | €0 | -€900,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €353,042 | €1,102,418 | +€749,376 | +212.3% |
| Deferred charges and accrued income | 490/1 | €218,910 | €218,390 | -€520 | -0.2% |
| Total equity and liabilities | 10/49 | €5,885,335 | €5,481,383 | -€403,953 | -6.9% |
| Equity | 10/15 | €4,656,708 | €4,388,346 | -€268,363 | -5.8% |
| Contributions | 10/11 | €1,723,100 | €1,723,100 | = | 0.0% |
| Capital | 10 | €1,723,100 | €1,723,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €933,036 | €796,864 | -€136,172 | -14.6% |
| Investment grants | 15 | €2,000,573 | €1,868,382 | -€132,190 | -6.6% |
| Provisions and deferred taxes | 16 | €36,000 | €115,647 | +€79,647 | +221.2% |
| Provisions for liabilities and charges | 160/5 | €36,000 | €115,647 | +€79,647 | +221.2% |
| Other liabilities and charges | 164/5 | €36,000 | €115,647 | +€79,647 | +221.2% |
| Amounts payable | 17/49 | €1,192,627 | €977,390 | -€215,237 | -18.0% |
| Amounts payable after more than one year | 17 | €412,675 | €356,690 | -€55,984 | -13.6% |
| Financial debts | 170/4 | €412,675 | €356,690 | -€55,984 | -13.6% |
| Amounts payable within one year | 42/48 | €508,178 | €432,185 | -€75,993 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €54,076 | €55,984 | +€1,909 | +3.5% |
| Trade debts | 44 | €70,341 | €142,410 | +€72,069 | +102.5% |
| Suppliers | 440/4 | €70,341 | €142,410 | +€72,069 | +102.5% |
| Advances received on contracts in progress | 46 | €180,045 | €0 | -€180,045 | -100.0% |
| Taxes, remuneration and social security | 45 | €141,343 | €173,398 | +€32,056 | +22.7% |
| Taxes | 450/3 | €34,774 | €30,712 | -€4,062 | -11.7% |
| Remuneration and social security | 454/9 | €106,569 | €142,687 | +€36,118 | +33.9% |
| Accrued charges and deferred income | 492/3 | €271,774 | €188,515 | -€83,259 | -30.6% |
| Remuneration, social security and pensions | 62 | €948,312 | €1,177,735 | +€229,423 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342,186 | €347,058 | +€4,872 | +1.4% |
| Other operating charges | 640/8 | €1,005 | €1,144 | +€139 | +13.8% |
| Gross operating margin | 9900 | €1,488,645 | €1,624,409 | +€135,764 | +9.1% |
| Operating profit (loss) | 9901 | €161,142 | -€54,779 | -€215,922 | |
| Financial income | 75/76B | €22,659 | €16,480 | -€6,179 | -27.3% |
| Recurring financial income | 75 | €22,659 | €16,480 | -€6,179 | -27.3% |
| Financial charges | 65/66B | €23,461 | €22,462 | -€1,000 | -4.3% |
| Recurring financial charges | 65 | €23,461 | €22,462 | -€1,000 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €160,340 | -€60,761 | -€221,101 | |
| Income taxes | 67/77 | €85,409 | €75,411 | -€9,998 | -11.7% |
| Profit (loss) for the period | 9904 | €74,931 | -€136,172 | -€211,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,931 | -€136,172 | -€211,103 |
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 10 October 2026 via checked.be.