TERAMAR: 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.
TERAMAR
Largest movements
- Cash -€1,215
down €1,215 (-3.6%), from €34,120 to €32,905
mainly Net result for the year (-€1,850) and Accrued charges and deferred income (-€456)
- Tangible fixed assets -€1,130
down €1,130 (-94.6%), from €1,195 to €65
- Profit (loss) carried forward -€1,850
down €1,850 (-6.5%), from -€28,671 to -€30,521
- Accrued charges and deferred income -€456
down €456 (-52.5%), from €868 to €412
- Other operating charges -€109
down €109 (-20.9%), from €521 to €412
- Gross operating margin +€88
up €88 (+26.0%), from -€339 to -€251
- Purchases and services -€88
down €88 (-26.0%), from €339 to €251
- Financial charges -€12
down €12 (-17.4%), from €69 to €57
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 | €36,084 | €33,778 | -€2,306 | -6.4% |
| Fixed assets | 21/28 | €1,195 | €65 | -€1,130 | -94.6% |
| Tangible fixed assets | 22/27 | €1,195 | €65 | -€1,130 | -94.6% |
| Furniture and vehicles | 24 | €1,195 | €65 | -€1,130 | -94.6% |
| Current assets | 29/58 | €34,889 | €33,713 | -€1,176 | -3.4% |
| Amounts receivable within one year | 40/41 | €769 | €808 | +€39 | +5.1% |
| Other amounts receivable | 41 | €769 | €808 | +€39 | +5.1% |
| Cash at bank and in hand | 54/58 | €34,120 | €32,905 | -€1,215 | -3.6% |
| Total equity and liabilities | 10/49 | €36,084 | €33,778 | -€2,306 | -6.4% |
| Equity | 10/15 | -€10,079 | -€11,929 | -€1,850 | -18.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,671 | -€30,521 | -€1,850 | -6.5% |
| Amounts payable | 17/49 | €46,163 | €45,707 | -€456 | -1.0% |
| Amounts payable within one year | 42/48 | €45,295 | €45,295 | = | 0.0% |
| Other amounts payable | 47/48 | €45,295 | €45,295 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €868 | €412 | -€456 | -52.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €339 | €251 | -€88 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,130 | €1,130 | = | 0.0% |
| Other operating charges | 640/8 | €521 | €412 | -€109 | -20.9% |
| Gross operating margin | 9900 | -€339 | -€251 | +€88 | +26.0% |
| Operating profit (loss) | 9901 | -€1,990 | -€1,793 | +€197 | +9.9% |
| Financial charges | 65/66B | €69 | €57 | -€12 | -17.4% |
| Recurring financial charges | 65 | €69 | €57 | -€12 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,059 | -€1,850 | +€209 | +10.2% |
| Profit (loss) for the period | 9904 | -€2,059 | -€1,850 | +€209 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,059 | -€1,850 | +€209 | +10.2% |
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 7 October 2026 via checked.be.