TERBEEK: 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.
TERBEEK
Largest movements
- Receivables within one year +€10,150
up €10,150 (+52.2%), from €19,450 to €29,600
of which Trade receivables: +€10,150
- Cash -€9,830
down €9,830 (-65.0%), from €15,124 to €5,294
mainly Debts after one year (-€18,716) and Receivables within one year (-€10,150)
- Tangible fixed assets -€8,089
down €8,089 (-2.3%), from €344,492 to €336,402
of which Land and buildings: -€7,333
- Debts after one year -€18,716
down €18,716 (-6.0%), from €312,808 to €294,093
- Reserves +€15,769
up €15,769 (+112.7%), from €13,996 to €29,765
- Tax, wage and social debts -€9,530
down €9,530 (-32.0%), from €29,789 to €20,258
of which Taxes: -€9,980
- Trade debts +€4,983
up €4,983 (+37.4%), from €13,328 to €18,312
- Gross operating margin +€18,240
up €18,240 (+52.8%), from €34,527 to €52,768
- Taxes +€2,974
up €2,974 (+109.8%), from €2,709 to €5,683
- Financial charges -€1,808
down €1,808 (-9.5%), from €19,069 to €17,261
- Other operating charges +€601
up €601 (+11.2%), from €5,365 to €5,966
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 | €396,144 | €387,643 | -€8,501 | -2.1% |
| Fixed assets | 21/28 | €344,492 | €336,402 | -€8,089 | -2.3% |
| Tangible fixed assets | 22/27 | €344,492 | €336,402 | -€8,089 | -2.3% |
| Land and buildings | 22 | €342,323 | €334,989 | -€7,333 | -2.1% |
| Furniture and vehicles | 24 | €2,169 | €1,413 | -€756 | -34.9% |
| Current assets | 29/58 | €51,652 | €51,241 | -€411 | -0.8% |
| Amounts receivable within one year | 40/41 | €19,450 | €29,600 | +€10,150 | +52.2% |
| Trade receivables | 40 | €19,450 | €29,600 | +€10,150 | +52.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,124 | €5,294 | -€9,830 | -65.0% |
| Deferred charges and accrued income | 490/1 | €17,078 | €16,347 | -€731 | -4.3% |
| Total equity and liabilities | 10/49 | €396,144 | €387,643 | -€8,501 | -2.1% |
| Equity | 10/15 | €18,996 | €34,765 | +€15,769 | +83.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,996 | €29,765 | +€15,769 | +112.7% |
| Distributable reserves | 133 | €13,996 | €29,765 | +€15,769 | +112.7% |
| Amounts payable | 17/49 | €377,148 | €352,878 | -€24,270 | -6.4% |
| Amounts payable after more than one year | 17 | €312,808 | €294,093 | -€18,716 | -6.0% |
| Financial debts | 170/4 | €312,808 | €294,093 | -€18,716 | -6.0% |
| Amounts payable within one year | 42/48 | €63,702 | €58,786 | -€4,917 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €17,911 | €18,716 | +€804 | +4.5% |
| Trade debts | 44 | €13,328 | €18,312 | +€4,983 | +37.4% |
| Suppliers | 440/4 | €13,328 | €18,312 | +€4,983 | +37.4% |
| Taxes, remuneration and social security | 45 | €29,789 | €20,258 | -€9,530 | -32.0% |
| Taxes | 450/3 | €24,789 | €14,808 | -€9,980 | -40.3% |
| Remuneration and social security | 454/9 | €5,000 | €5,450 | +€450 | +9.0% |
| Other amounts payable | 47/48 | €2,674 | €1,500 | -€1,174 | -43.9% |
| Accrued charges and deferred income | 492/3 | €637 | €0 | -€637 | -100.0% |
| Non-recurring operating income | 76A | - | €5,049 | +€5,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,089 | €8,089 | = | 0.0% |
| Other operating charges | 640/8 | €5,365 | €5,966 | +€601 | +11.2% |
| Gross operating margin | 9900 | €34,527 | €52,768 | +€18,240 | +52.8% |
| Operating profit (loss) | 9901 | €21,073 | €38,712 | +€17,639 | +83.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €19,069 | €17,261 | -€1,808 | -9.5% |
| Recurring financial charges | 65 | €19,069 | €17,261 | -€1,808 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,003 | €21,452 | +€19,448 | +970.8% |
| Income taxes | 67/77 | €2,709 | €5,683 | +€2,974 | +109.8% |
| Profit (loss) for the period | 9904 | -€706 | €15,769 | +€16,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€706 | €15,769 | +€16,475 |
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 12 October 2026 via checked.be.