TERBOS: 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.
TERBOS
Largest movements
- Receivables within one year -€11,630
down €11,630 (-96.3%), from €12,072 to €441
- Cash +€936
up €936 (+10.7%), from €8,759 to €9,694
mainly Receivables within one year (+€11,630) and Trade debts (+€12)
- Profit (loss) carried forward -€10,670
down €10,670 (-111.4%), from -€9,575 to -€20,245
- Gross operating margin -€720
down €720 (-8.6%), from -€8,365 to -€9,085
- Financial income -€689
down €689 (-65.5%), from €1,053 to €363
- Other operating charges -€139
down €139 (-6.8%), from €2,043 to €1,903
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 | €59,228 | €48,569 | -€10,659 | -18.0% |
| Fixed assets | 21/28 | €37,184 | €37,184 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,184 | €37,184 | = | 0.0% |
| Land and buildings | 22 | €37,184 | €37,184 | = | 0.0% |
| Current assets | 29/58 | €22,044 | €11,385 | -€10,659 | -48.4% |
| Amounts receivable within one year | 40/41 | €12,072 | €441 | -€11,630 | -96.3% |
| Other amounts receivable | 41 | €12,072 | €441 | -€11,630 | -96.3% |
| Cash at bank and in hand | 54/58 | €8,759 | €9,694 | +€936 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,249 | +€36 | +3.0% |
| Total equity and liabilities | 10/49 | €59,228 | €48,569 | -€10,659 | -18.0% |
| Equity | 10/15 | €58,625 | €47,955 | -€10,670 | -18.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,575 | -€20,245 | -€10,670 | -111.4% |
| Amounts payable | 17/49 | €603 | €614 | +€12 | +1.9% |
| Amounts payable within one year | 42/48 | €603 | €614 | +€12 | +1.9% |
| Trade debts | 44 | €603 | €614 | +€12 | +1.9% |
| Suppliers | 440/4 | €603 | €614 | +€12 | +1.9% |
| Other operating charges | 640/8 | €2,043 | €1,903 | -€139 | -6.8% |
| Gross operating margin | 9900 | -€8,365 | -€9,085 | -€720 | -8.6% |
| Operating profit (loss) | 9901 | -€10,408 | -€10,988 | -€580 | -5.6% |
| Financial income | 75/76B | €1,053 | €363 | -€689 | -65.5% |
| Recurring financial income | 75 | €1,053 | €363 | -€689 | -65.5% |
| Financial charges | 65/66B | €59 | €45 | -€14 | -23.1% |
| Recurring financial charges | 65 | €59 | €45 | -€14 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,414 | -€10,670 | -€1,256 | -13.3% |
| Profit (loss) for the period | 9904 | -€9,414 | -€10,670 | -€1,256 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,414 | -€10,670 | -€1,256 | -13.3% |
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 7 October 2026 via checked.be.