TERAPIA: 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.
TERAPIA
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-12.5%), from €100,000 to €87,500
- Deferred charges and accrued income +€8,655
new in 2025: €8,655
- Cash -€4,926
down €4,926 (-8.6%), from €57,222 to €52,296
mainly Deferred charges and accrued income (-€8,655) and Debts after one year (-€6,537)
- Debts after one year -€6,537
down €6,537 (-9.9%), from €65,709 to €59,171
- Other debts -€4,314
down €4,314 (-7.3%), from €59,428 to €55,114
- Gross operating margin -€8,470
down €8,470 (-28.2%), from €29,985 to €21,516
- Taxes -€2,555
down €2,555 (-42.4%), from €6,023 to €3,467
- Financial charges +€663
up €663 (+25.0%), from €2,648 to €3,311
- Purchases and services -€440
down €440 (-0.5%), from €80,875 to €80,434
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 | €157,222 | €148,451 | -€8,771 | -5.6% |
| Fixed assets | 21/28 | €100,000 | €87,500 | -€12,500 | -12.5% |
| Intangible fixed assets | 21 | €100,000 | €87,500 | -€12,500 | -12.5% |
| Current assets | 29/58 | €57,222 | €60,951 | +€3,729 | +6.5% |
| Cash at bank and in hand | 54/58 | €57,222 | €52,296 | -€4,926 | -8.6% |
| Deferred charges and accrued income | 490/1 | - | €8,655 | +€8,655 | |
| Total equity and liabilities | 10/49 | €157,222 | €148,451 | -€8,771 | -5.6% |
| Equity | 10/15 | €19,876 | €21,084 | +€1,208 | +6.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,709 | €8,917 | +€1,208 | +15.7% |
| Distributable reserves | 133 | €7,709 | €8,917 | +€1,208 | +15.7% |
| Profit (loss) carried forward | 14 | €7,167 | €7,167 | = | 0.0% |
| Amounts payable | 17/49 | €137,346 | €127,367 | -€9,979 | -7.3% |
| Amounts payable after more than one year | 17 | €65,709 | €59,171 | -€6,537 | -9.9% |
| Financial debts | 170/4 | €65,709 | €59,171 | -€6,537 | -9.9% |
| Amounts payable within one year | 42/48 | €71,637 | €68,088 | -€3,549 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €6,261 | €7,309 | +€1,048 | +16.7% |
| Trade debts | 44 | - | €1,020 | +€1,020 | |
| Suppliers | 440/4 | - | €1,020 | +€1,020 | |
| Taxes, remuneration and social security | 45 | €5,948 | €4,645 | -€1,303 | -21.9% |
| Taxes | 450/3 | €5,948 | €4,645 | -€1,303 | -21.9% |
| Other amounts payable | 47/48 | €59,428 | €55,114 | -€4,314 | -7.3% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,875 | €80,434 | -€440 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,500 | €12,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,354 | €1,331 | -€23 | -1.7% |
| Gross operating margin | 9900 | €29,985 | €21,516 | -€8,470 | -28.2% |
| Operating profit (loss) | 9901 | €16,132 | €7,685 | -€8,447 | -52.4% |
| Financial income | 75/76B | €248 | €301 | +€53 | +21.5% |
| Recurring financial income | 75 | €248 | €301 | +€53 | +21.5% |
| Financial charges | 65/66B | €2,648 | €3,311 | +€663 | +25.0% |
| Recurring financial charges | 65 | €2,648 | €3,311 | +€663 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €13,731 | €4,675 | -€9,056 | -66.0% |
| Income taxes | 67/77 | €6,023 | €3,467 | -€2,555 | -42.4% |
| Profit (loss) for the period | 9904 | €7,709 | €1,208 | -€6,501 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,709 | €1,208 | -€6,501 | -84.3% |
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.