TERATER: 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.
TERATER
Largest movements
- Cash +€58,937
up €58,937 (+83.0%), from €71,045 to €129,982
mainly Net result for the year (+€24,571) and Receivables within one year (+€13,072)
- Receivables within one year -€13,072
down €13,072 (-99.4%), from €13,151 to €79
of which Trade receivables: -€8,010
- Stocks and contracts -€11,694
down €11,694 (-48.7%), from €24,000 to €12,306
- Tangible fixed assets -€4,030
down €4,030 (-34.5%), from €11,697 to €7,667
- Profit (loss) carried forward +€24,571
up €24,571 (+39.3%), from €62,446 to €87,017
- Tax, wage and social debts +€6,842
up €6,842 (+1027.5%), from €666 to €7,508
- Gross operating margin +€38,147
up €38,147 (+7015.5%), from €544 to €38,691
- Taxes +€7,508
new in 2025: €7,508
- Other operating charges +€2,499
up €2,499 (+1666.0%), from €150 to €2,649
- Staff costs -€1,400
down €1,400, from €1,140 to -€260
- Depreciation +€729
up €729 (+22.1%), from €3,301 to €4,030
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 | €120,163 | €150,303 | +€30,140 | +25.1% |
| Fixed assets | 21/28 | €11,967 | €7,937 | -€4,030 | -33.7% |
| Tangible fixed assets | 22/27 | €11,697 | €7,667 | -€4,030 | -34.5% |
| Plant, machinery and equipment | 23 | €11,697 | €7,667 | -€4,030 | -34.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €108,196 | €142,366 | +€34,170 | +31.6% |
| Stocks and contracts in progress | 3 | €24,000 | €12,306 | -€11,694 | -48.7% |
| Stocks | 30/36 | €24,000 | €12,306 | -€11,694 | -48.7% |
| Amounts receivable within one year | 40/41 | €13,151 | €79 | -€13,072 | -99.4% |
| Trade receivables | 40 | €8,010 | - | -€8,010 | |
| Other amounts receivable | 41 | €5,141 | €79 | -€5,062 | -98.5% |
| Cash at bank and in hand | 54/58 | €71,045 | €129,982 | +€58,937 | +83.0% |
| Total equity and liabilities | 10/49 | €120,163 | €150,303 | +€30,140 | +25.1% |
| Equity | 10/15 | €118,147 | €142,718 | +€24,571 | +20.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,109 | €37,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,250 | €35,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,446 | €87,017 | +€24,571 | +39.3% |
| Amounts payable | 17/49 | €2,016 | €7,585 | +€5,569 | +276.3% |
| Amounts payable within one year | 42/48 | €2,016 | €7,585 | +€5,569 | +276.3% |
| Trade debts | 44 | €1,350 | €77 | -€1,273 | -94.3% |
| Suppliers | 440/4 | €1,350 | €77 | -€1,273 | -94.3% |
| Taxes, remuneration and social security | 45 | €666 | €7,508 | +€6,842 | +1027.5% |
| Taxes | 450/3 | €666 | €7,508 | +€6,842 | +1027.5% |
| Remuneration, social security and pensions | 62 | €1,140 | -€260 | -€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,301 | €4,030 | +€729 | +22.1% |
| Other operating charges | 640/8 | €150 | €2,649 | +€2,499 | +1666.0% |
| Gross operating margin | 9900 | €544 | €38,691 | +€38,147 | +7015.5% |
| Operating profit (loss) | 9901 | -€4,047 | €32,273 | +€36,319 | |
| Financial income | 75/76B | €211 | - | -€211 | |
| Recurring financial income | 75 | €211 | - | -€211 | |
| Financial charges | 65/66B | €197 | €193 | -€4 | -1.8% |
| Recurring financial charges | 65 | €197 | €193 | -€4 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,033 | €32,079 | +€36,112 | |
| Income taxes | 67/77 | - | €7,508 | +€7,508 | |
| Profit (loss) for the period | 9904 | -€4,033 | €24,571 | +€28,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,033 | €24,571 | +€28,604 |
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 4 October 2026 via checked.be.