TERAM: 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.
TERAM
Largest movements
- Receivables within one year -€9,457
down €9,457 (-6.6%), from €142,467 to €133,010
of which Trade receivables: -€4,750
- Profit (loss) carried forward -€15,745
down €15,745, from €41 to -€15,705
- Other debts +€5,710
up €5,710 (+30.9%), from €18,472 to €24,181
- Accrued charges and deferred income +€5,125
up €5,125 (+872.0%), from €588 to €5,713
- Trade debts -€4,617
down €4,617 (-56.9%), from €8,109 to €3,491
- Gross operating margin -€12,674
down €12,674, from €4,353 to -€8,321
- Taxes -€3,060
no longer reported in 2025 (was €3,060)
- Other operating charges +€2,082
up €2,082 (+800.7%), from €260 to €2,342
- Financial charges -€312
down €312 (-5.8%), from €5,395 to €5,083
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 | €177,669 | €168,167 | -€9,501 | -5.3% |
| Current assets | 29/58 | €177,669 | €168,167 | -€9,501 | -5.3% |
| Stocks and contracts in progress | 3 | €34,171 | €34,171 | = | 0.0% |
| Stocks | 30/36 | €24,421 | €24,421 | = | 0.0% |
| Contracts in progress | 37 | €9,750 | €9,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €142,467 | €133,010 | -€9,457 | -6.6% |
| Trade receivables | 40 | €137,200 | €132,450 | -€4,750 | -3.5% |
| Other amounts receivable | 41 | €5,267 | €560 | -€4,707 | -89.4% |
| Cash at bank and in hand | 54/58 | €1,031 | €987 | -€44 | -4.3% |
| Total equity and liabilities | 10/49 | €177,669 | €168,167 | -€9,501 | -5.3% |
| Equity | 10/15 | €30,501 | €14,755 | -€15,745 | -51.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41 | -€15,705 | -€15,745 | |
| Amounts payable | 17/49 | €147,168 | €153,412 | +€6,244 | +4.2% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,580 | €27,699 | +€1,119 | +4.2% |
| Trade debts | 44 | €8,109 | €3,491 | -€4,617 | -56.9% |
| Suppliers | 440/4 | €8,109 | €3,491 | -€4,617 | -56.9% |
| Taxes, remuneration and social security | 45 | - | €27 | +€27 | |
| Taxes | 450/3 | - | €27 | +€27 | |
| Other amounts payable | 47/48 | €18,472 | €24,181 | +€5,710 | +30.9% |
| Accrued charges and deferred income | 492/3 | €588 | €5,713 | +€5,125 | +872.0% |
| Other operating charges | 640/8 | €260 | €2,342 | +€2,082 | +800.7% |
| Gross operating margin | 9900 | €4,353 | -€8,321 | -€12,674 | |
| Operating profit (loss) | 9901 | €4,093 | -€10,663 | -€14,755 | |
| Financial charges | 65/66B | €5,395 | €5,083 | -€312 | -5.8% |
| Recurring financial charges | 65 | €5,395 | €5,083 | -€312 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,302 | -€15,745 | -€14,443 | -1109.2% |
| Income taxes | 67/77 | €3,060 | - | -€3,060 | |
| Profit (loss) for the period | 9904 | -€4,363 | -€15,745 | -€11,383 | -260.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,363 | -€15,745 | -€11,383 | -260.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.