TERANGA: 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.
TERANGA
Largest movements
- Receivables within one year -€4,668
down €4,668 (-7.4%), from €62,692 to €58,024
of which Trade receivables: -€9,695
- Stocks and contracts -€3,492
down €3,492 (-27.7%), from €12,612 to €9,120
- Cash -€2,770
down €2,770 (-37.0%), from €7,493 to €4,724
- Tangible fixed assets -€1,573
down €1,573 (-35.0%), from €4,493 to €2,920
of which Plant, machinery and equipment: -€1,126
- Other debts +€31,781
new in 2025: €31,781
- Profit (loss) carried forward -€28,711
new in 2025: -€28,711
- Reserves -€22,992
no longer reported in 2025 (was €22,992)
- Tax, wage and social debts +€3,987
up €3,987 (+757%), from €527 to €4,513
of which Remuneration and social security: +€3,987
- Accrued charges and deferred income +€1,965
new in 2025: €1,965
- Staff costs +€41,658
up €41,658 (+244%), from €17,070 to €58,729
- Gross operating margin -€13,918
down €13,918 (-35.8%), from €38,911 to €24,992
- Financial income +€6,007
new in 2025: €6,007
- Other operating charges +€745
up €745 (+103%), from €722 to €1,466
- Financial charges +€426
up €426 (+33.4%), from €1,275 to €1,701
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,290 | €74,787 | -€12,502 | -14.3% |
| Fixed assets | 21/28 | €4,493 | €2,920 | -€1,573 | -35.0% |
| Tangible fixed assets | 22/27 | €4,493 | €2,920 | -€1,573 | -35.0% |
| Plant, machinery and equipment | 23 | €3,516 | €2,390 | -€1,126 | -32.0% |
| Furniture and vehicles | 24 | €94 | - | -€94 | |
| Other tangible fixed assets | 26 | €883 | €530 | -€353 | -40.0% |
| Current assets | 29/58 | €82,797 | €71,867 | -€10,930 | -13.2% |
| Stocks and contracts in progress | 3 | €12,612 | €9,120 | -€3,492 | -27.7% |
| Stocks | 30/36 | €12,612 | €9,120 | -€3,492 | -27.7% |
| Amounts receivable within one year | 40/41 | €62,692 | €58,024 | -€4,668 | -7.4% |
| Trade receivables | 40 | €11,823 | €2,128 | -€9,695 | -82.0% |
| Other amounts receivable | 41 | €50,869 | €55,896 | +€5,027 | +9.9% |
| Cash at bank and in hand | 54/58 | €7,493 | €4,724 | -€2,770 | -37.0% |
| Total equity and liabilities | 10/49 | €87,290 | €74,787 | -€12,502 | -14.3% |
| Equity | 10/15 | €29,192 | -€22,511 | -€51,704 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,992 | - | -€22,992 | |
| Distributable reserves | 133 | €22,992 | - | -€22,992 | |
| Profit (loss) carried forward | 14 | - | -€28,711 | -€28,711 | |
| Amounts payable | 17/49 | €58,097 | €97,299 | +€39,201 | +67.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,097 | €45,334 | +€37,236 | +460% |
| Trade debts | 44 | €7,571 | €9,039 | +€1,468 | +19.4% |
| Suppliers | 440/4 | €7,571 | €9,039 | +€1,468 | +19.4% |
| Taxes, remuneration and social security | 45 | €527 | €4,513 | +€3,987 | +757% |
| Taxes | 450/3 | €300 | €300 | = | 0.0% |
| Remuneration and social security | 454/9 | €227 | €4,213 | +€3,987 | +1,760% |
| Other amounts payable | 47/48 | - | €31,781 | +€31,781 | |
| Accrued charges and deferred income | 492/3 | - | €1,965 | +€1,965 | |
| Remuneration, social security and pensions | 62 | €17,070 | €58,729 | +€41,658 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,642 | €1,412 | -€230 | -14.0% |
| Other operating charges | 640/8 | €722 | €1,466 | +€745 | +103% |
| Gross operating margin | 9900 | €38,911 | €24,992 | -€13,918 | -35.8% |
| Operating profit (loss) | 9901 | €19,477 | -€36,615 | -€56,091 | |
| Financial income | 75/76B | - | €6,007 | +€6,007 | |
| Recurring financial income | 75 | - | €6,007 | +€6,007 | |
| Financial charges | 65/66B | €1,275 | €1,701 | +€426 | +33.4% |
| Recurring financial charges | 65 | €1,275 | €1,701 | +€426 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €18,202 | -€32,309 | -€50,510 | |
| Profit (loss) for the period | 9904 | €18,202 | -€32,309 | -€50,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,202 | -€32,309 | -€50,510 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.