TERAMGA: 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.
TERAMGA
Largest movements
- Receivables within one year +€102
up €102 (+23.6%), from €433 to €535
- Cash +€11
up €11 (+4.1%), from €271 to €282
mainly Other debts (+€1,800)
- Other debts +€1,800
up €1,800 (+28.3%), from €6,364 to €8,164
- Profit (loss) carried forward -€1,130
down €1,130 (-7.9%), from -€14,277 to -€15,407
- Trade debts -€557
no longer reported in 2025 (was €557)
- Gross operating margin -€32
down €32 (-6.2%), from -€519 to -€551
- Financial charges +€29
up €29 (+19.3%), from €150 to €179
- Other operating charges +€13
up €13 (+3.4%), from €387 to €400
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 | €704 | €817 | +€113 | +16.1% |
| Current assets | 29/58 | €704 | €817 | +€113 | +16.1% |
| Amounts receivable within one year | 40/41 | €433 | €535 | +€102 | +23.6% |
| Other amounts receivable | 41 | €433 | €535 | +€102 | +23.6% |
| Cash at bank and in hand | 54/58 | €271 | €282 | +€11 | +4.1% |
| Total equity and liabilities | 10/49 | €704 | €817 | +€113 | +16.1% |
| Equity | 10/15 | -€6,217 | -€7,347 | -€1,130 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€14,277 | -€15,407 | -€1,130 | -7.9% |
| Amounts payable | 17/49 | €6,921 | €8,164 | +€1,243 | +18.0% |
| Amounts payable within one year | 42/48 | €6,921 | €8,164 | +€1,243 | +18.0% |
| Trade debts | 44 | €557 | - | -€557 | |
| Suppliers | 440/4 | €557 | - | -€557 | |
| Other amounts payable | 47/48 | €6,364 | €8,164 | +€1,800 | +28.3% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€519 | -€551 | -€32 | -6.2% |
| Operating profit (loss) | 9901 | -€906 | -€951 | -€45 | -5.0% |
| Financial charges | 65/66B | €150 | €179 | +€29 | +19.3% |
| Recurring financial charges | 65 | €150 | €179 | +€29 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,056 | -€1,130 | -€74 | -7.0% |
| Profit (loss) for the period | 9904 | -€1,056 | -€1,130 | -€74 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | -€1,130 | -€74 | -7.0% |
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 17 October 2026 via checked.be.