TERANOVA: 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.
TERANOVA
Largest movements
- Tangible fixed assets +€35,111
up €35,111 (+62.9%), from €55,832 to €90,943
of which Furniture and vehicles: +€33,000
- Cash +€11,494
up €11,494 (+16.9%), from €67,874 to €79,367
mainly Net result for the year (+€61,023) and Other debts (+€60,583)
- Receivables within one year +€9,345
up €9,345 (+184.9%), from €5,055 to €14,400
of which Other amounts receivable: +€9,345
- Other debts +€60,583
up €60,583 (+24559.1%), from €247 to €60,829
- Reserves -€10,000
down €10,000 (-5.7%), from €176,923 to €166,923
of which Distributable reserves: -€10,000
- Tax, wage and social debts +€3,781
up €3,781 (+33.4%), from €11,307 to €15,088
of which Taxes: +€3,781
- Gross operating margin -€6,333
down €6,333 (-6.9%), from €91,310 to €84,976
- Financial income +€5,697
up €5,697 (+135005.0%), from €4 to €5,701
- Depreciation -€5,235
down €5,235 (-28.9%), from €18,106 to €12,871
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 | €188,761 | €244,916 | +€56,156 | +29.7% |
| Fixed assets | 21/28 | €55,832 | €90,943 | +€35,111 | +62.9% |
| Tangible fixed assets | 22/27 | €55,832 | €90,943 | +€35,111 | +62.9% |
| Plant, machinery and equipment | 23 | - | €2,111 | +€2,111 | |
| Furniture and vehicles | 24 | €55,832 | €88,832 | +€33,000 | +59.1% |
| Current assets | 29/58 | €132,929 | €153,973 | +€21,044 | +15.8% |
| Amounts receivable within one year | 40/41 | €5,055 | €14,400 | +€9,345 | +184.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,055 | €14,400 | +€9,345 | +184.9% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,874 | €79,367 | +€11,494 | +16.9% |
| Deferred charges and accrued income | 490/1 | - | €206 | +€206 | |
| Total equity and liabilities | 10/49 | €188,761 | €244,916 | +€56,156 | +29.7% |
| Equity | 10/15 | €177,189 | €167,211 | -€9,977 | -5.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €176,923 | €166,923 | -€10,000 | -5.7% |
| Tax-exempt reserves | 132 | €923 | €923 | = | 0.0% |
| Distributable reserves | 133 | €176,000 | €166,000 | -€10,000 | -5.7% |
| Profit (loss) carried forward | 14 | €166 | €189 | +€23 | +13.7% |
| Amounts payable | 17/49 | €11,572 | €77,705 | +€66,133 | +571.5% |
| Amounts payable within one year | 42/48 | €11,572 | €77,705 | +€66,133 | +571.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €19 | €1,788 | +€1,769 | +9553.8% |
| Suppliers | 440/4 | €19 | €1,788 | +€1,769 | +9553.8% |
| Taxes, remuneration and social security | 45 | €11,307 | €15,088 | +€3,781 | +33.4% |
| Taxes | 450/3 | €11,307 | €15,088 | +€3,781 | +33.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €247 | €60,829 | +€60,583 | +24559.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,106 | €12,871 | -€5,235 | -28.9% |
| Other operating charges | 640/8 | €470 | €924 | +€454 | +96.7% |
| Gross operating margin | 9900 | €91,310 | €84,976 | -€6,333 | -6.9% |
| Operating profit (loss) | 9901 | €72,735 | €71,182 | -€1,553 | -2.1% |
| Financial income | 75/76B | €4 | €5,701 | +€5,697 | +135005.0% |
| Recurring financial income | 75 | €4 | €5,701 | +€5,697 | +135005.0% |
| Financial charges | 65/66B | €219 | €206 | -€12 | -5.6% |
| Recurring financial charges | 65 | €219 | €206 | -€12 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €72,520 | €76,677 | +€4,156 | +5.7% |
| Income taxes | 67/77 | €14,946 | €15,654 | +€708 | +4.7% |
| Profit (loss) for the period | 9904 | €57,574 | €61,023 | +€3,449 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,574 | €61,023 | +€3,449 | +6.0% |
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 8 October 2026 via checked.be.