TERBIUM: 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.
TERBIUM
Largest movements
- Cash +€22,582
up €22,582 (+66.4%), from €33,986 to €56,568
mainly Net result for the year (+€19,422) and Other debts (+€2,214)
- Tangible fixed assets -€1,407
down €1,407 (-33.1%), from €4,249 to €2,842
of which Plant, machinery and equipment: -€1,037
- Profit (loss) carried forward +€17,867
up €17,867, from -€17,867 to €0
- Other debts +€2,214
up €2,214 (+279%), from €795 to €3,009
- Reserves +€1,555
up €1,555, from €0 to €1,555
of which Distributable reserves: +€1,555
- Gross operating margin +€2,232
up €2,232 (+11.4%), from €19,589 to €21,821
- Other operating charges +€382
up €382 (+70.2%), from €545 to €927
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 | €48,383 | €69,394 | +€21,012 | +43.4% |
| Fixed assets | 21/28 | €4,249 | €2,842 | -€1,407 | -33.1% |
| Tangible fixed assets | 22/27 | €4,249 | €2,842 | -€1,407 | -33.1% |
| Plant, machinery and equipment | 23 | €3,879 | €2,842 | -€1,037 | -26.7% |
| Furniture and vehicles | 24 | €370 | €0 | -€370 | -100% |
| Current assets | 29/58 | €44,133 | €66,552 | +€22,419 | +50.8% |
| Amounts receivable within one year | 40/41 | €10,084 | €9,921 | -€163 | -1.6% |
| Trade receivables | 40 | €10,084 | €9,921 | -€163 | -1.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,986 | €56,568 | +€22,582 | +66.4% |
| Deferred charges and accrued income | 490/1 | €63 | €63 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,383 | €69,394 | +€21,012 | +43.4% |
| Equity | 10/15 | €44,133 | €63,555 | +€19,422 | +44.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €0 | €1,555 | +€1,555 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €1,555 | +€1,555 | |
| Profit (loss) carried forward | 14 | -€17,867 | €0 | +€17,867 | |
| Amounts payable | 17/49 | €4,249 | €5,839 | +€1,590 | +37.4% |
| Amounts payable within one year | 42/48 | €4,249 | €5,839 | +€1,590 | +37.4% |
| Trade debts | 44 | €1,092 | €535 | -€558 | -51.1% |
| Suppliers | 440/4 | €1,092 | €535 | -€558 | -51.1% |
| Taxes, remuneration and social security | 45 | €2,362 | €2,295 | -€67 | -2.8% |
| Taxes | 450/3 | €2,362 | €2,295 | -€67 | -2.8% |
| Other amounts payable | 47/48 | €795 | €3,009 | +€2,214 | +279% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537 | €1,407 | -€130 | -8.5% |
| Other operating charges | 640/8 | €545 | €927 | +€382 | +70.2% |
| Gross operating margin | 9900 | €19,589 | €21,821 | +€2,232 | +11.4% |
| Operating profit (loss) | 9901 | €17,507 | €19,487 | +€1,980 | +11.3% |
| Financial charges | 65/66B | €98 | €65 | -€33 | -33.8% |
| Recurring financial charges | 65 | €98 | €65 | -€33 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €17,409 | €19,422 | +€2,013 | +11.6% |
| Profit (loss) for the period | 9904 | €17,409 | €19,422 | +€2,013 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,409 | €19,422 | +€2,013 | +11.6% |
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 20 October 2026 via checked.be.