Terbret: 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.
Terbret
Largest movements
- Current investments +€76,153
new in 2025: €76,153
- Receivables after one year -€55,000
down €55,000 (-11.3%), from €485,000 to €430,000
- Cash -€18,769
down €18,769 (-42.9%), from €43,800 to €25,030
mainly Current investments (-€76,153) and Tax, wage and social debts (-€25,684)
- Tangible fixed assets -€13,508
down €13,508 (-2.0%), from €668,621 to €655,112
of which Land and buildings: -€11,836
- Tax, wage and social debts -€25,684
down €25,684 (-99.4%), from €25,839 to €155
- Financial income -€820
down €820 (-14.8%), from €5,541 to €4,720
- Gross operating margin -€460
down €460 (-1.0%), from €44,504 to €44,044
- Taxes -€459
down €459 (-12.8%), from €3,575 to €3,116
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 | €1,212,941 | €1,199,684 | -€13,257 | -1.1% |
| Fixed assets | 21/28 | €668,621 | €655,112 | -€13,508 | -2.0% |
| Tangible fixed assets | 22/27 | €668,621 | €655,112 | -€13,508 | -2.0% |
| Land and buildings | 22 | €655,994 | €644,158 | -€11,836 | -1.8% |
| Plant, machinery and equipment | 23 | €12,626 | €10,954 | -€1,672 | -13.2% |
| Current assets | 29/58 | €544,320 | €544,572 | +€251 | 0.0% |
| Amounts receivable after more than one year | 29 | €485,000 | €430,000 | -€55,000 | -11.3% |
| Other amounts receivable | 291 | €485,000 | €430,000 | -€55,000 | -11.3% |
| Amounts receivable within one year | 40/41 | €10,050 | €11,100 | +€1,050 | +10.4% |
| Trade receivables | 40 | €4,510 | €5,527 | +€1,017 | +22.6% |
| Other amounts receivable | 41 | €5,540 | €5,573 | +€33 | +0.6% |
| Current investments | 50/53 | - | €76,153 | +€76,153 | |
| Cash at bank and in hand | 54/58 | €43,800 | €25,030 | -€18,769 | -42.9% |
| Deferred charges and accrued income | 490/1 | €5,471 | €2,289 | -€3,182 | -58.2% |
| Total equity and liabilities | 10/49 | €1,212,941 | €1,199,684 | -€13,257 | -1.1% |
| Equity | 10/15 | €1,163,369 | €1,168,356 | +€4,987 | +0.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,144,619 | €1,149,606 | +€4,987 | +0.4% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,124,619 | €1,129,606 | +€4,987 | +0.4% |
| Amounts payable | 17/49 | €49,572 | €31,328 | -€18,244 | -36.8% |
| Amounts payable after more than one year | 17 | €1,400 | €6,193 | +€4,793 | +342% |
| Other amounts payable | 178/9 | €1,400 | €6,193 | +€4,793 | +342% |
| Amounts payable within one year | 42/48 | €48,172 | €25,135 | -€23,037 | -47.8% |
| Trade debts | 44 | €1,150 | €1,208 | +€58 | +5.0% |
| Suppliers | 440/4 | €1,150 | €1,208 | +€58 | +5.0% |
| Advances received on contracts in progress | 46 | - | €1,860 | +€1,860 | |
| Taxes, remuneration and social security | 45 | €25,839 | €155 | -€25,684 | -99.4% |
| Taxes | 450/3 | €25,839 | €155 | -€25,684 | -99.4% |
| Other amounts payable | 47/48 | €21,184 | €21,912 | +€729 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,406 | €32,645 | +€239 | +0.7% |
| Other operating charges | 640/8 | €7,757 | €8,015 | +€257 | +3.3% |
| Gross operating margin | 9900 | €44,504 | €44,044 | -€460 | -1.0% |
| Operating profit (loss) | 9901 | €4,340 | €3,383 | -€956 | -22.0% |
| Financial income | 75/76B | €5,541 | €4,720 | -€820 | -14.8% |
| Recurring financial income | 75 | €5,541 | €4,720 | -€820 | -14.8% |
| Financial charges | 65/66B | €330 | - | -€330 | |
| Recurring financial charges | 65 | €330 | - | -€330 | |
| Profit (loss) for the period before taxes | 9903 | €9,550 | €8,104 | -€1,447 | -15.1% |
| Income taxes | 67/77 | €3,575 | €3,116 | -€459 | -12.8% |
| Profit (loss) for the period | 9904 | €5,975 | €4,987 | -€988 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,975 | €4,987 | -€988 | -16.5% |
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.