TERDIS: 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.
TERDIS
Largest movements
- Financial fixed assets +€315,008
new in 2025: €315,008
- Tangible fixed assets +€47,716
up €47,716 (+65.0%), from €73,456 to €121,173
of which Furniture and vehicles: +€53,966
- Receivables within one year -€32,833
down €32,833 (-56.9%), from €57,708 to €24,875
of which Trade receivables: -€26,727
- Cash +€6,051
up €6,051 (+42.5%), from €14,236 to €20,286
mainly Other debts (+€150,703) and Debts after one year (+€120,980)
- Other debts +€150,703
up €150,703 (+617.5%), from €24,405 to €175,108
- Debts after one year +€120,980
up €120,980 (+340.6%), from €35,520 to €156,501
- Reserves +€34,772
up €34,772 (+74.4%), from €46,712 to €81,483
- Current portion of long-term debt +€18,774
up €18,774 (+149.1%), from €12,593 to €31,367
- Tax, wage and social debts +€10,177
up €10,177 (+160.1%), from €6,358 to €16,535
- Gross operating margin +€7,416
up €7,416 (+11.1%), from €66,944 to €74,359
- Depreciation +€6,726
up €6,726 (+40.3%), from €16,681 to €23,407
- Financial charges +€4,671
up €4,671 (+469.6%), from €995 to €5,666
- Taxes -€2,220
down €2,220 (-19.7%), from €11,246 to €9,025
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 | €147,044 | €485,089 | +€338,045 | +229.9% |
| Fixed assets | 21/28 | €73,456 | €436,180 | +€362,724 | +493.8% |
| Tangible fixed assets | 22/27 | €73,456 | €121,173 | +€47,716 | +65.0% |
| Plant, machinery and equipment | 23 | - | €832 | +€832 | |
| Furniture and vehicles | 24 | €9,587 | €63,553 | +€53,966 | +562.9% |
| Other tangible fixed assets | 26 | €63,870 | €56,788 | -€7,082 | -11.1% |
| Financial fixed assets | 28 | - | €315,008 | +€315,008 | |
| Current assets | 29/58 | €73,588 | €48,909 | -€24,679 | -33.5% |
| Amounts receivable within one year | 40/41 | €57,708 | €24,875 | -€32,833 | -56.9% |
| Trade receivables | 40 | €50,628 | €23,901 | -€26,727 | -52.8% |
| Other amounts receivable | 41 | €7,081 | €975 | -€6,106 | -86.2% |
| Cash at bank and in hand | 54/58 | €14,236 | €20,286 | +€6,051 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,644 | €3,747 | +€2,104 | +128.0% |
| Total equity and liabilities | 10/49 | €147,044 | €485,089 | +€338,045 | +229.9% |
| Equity | 10/15 | €67,172 | €101,943 | +€34,772 | +51.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €46,712 | €81,483 | +€34,772 | +74.4% |
| Distributable reserves | 133 | €46,712 | €81,483 | +€34,772 | +74.4% |
| Amounts payable | 17/49 | €79,872 | €383,146 | +€303,274 | +379.7% |
| Amounts payable after more than one year | 17 | €35,520 | €156,501 | +€120,980 | +340.6% |
| Financial debts | 170/4 | €35,520 | €156,501 | +€120,980 | +340.6% |
| Amounts payable within one year | 42/48 | €44,352 | €225,060 | +€180,708 | +407.4% |
| Current portion of amounts payable after more than one year | 42 | €12,593 | €31,367 | +€18,774 | +149.1% |
| Trade debts | 44 | €996 | €2,050 | +€1,054 | +105.9% |
| Suppliers | 440/4 | €996 | €2,050 | +€1,054 | +105.9% |
| Taxes, remuneration and social security | 45 | €6,358 | €16,535 | +€10,177 | +160.1% |
| Taxes | 450/3 | €6,358 | €16,535 | +€10,177 | +160.1% |
| Other amounts payable | 47/48 | €24,405 | €175,108 | +€150,703 | +617.5% |
| Accrued charges and deferred income | 492/3 | - | €1,585 | +€1,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,681 | €23,407 | +€6,726 | +40.3% |
| Other operating charges | 640/8 | €905 | €1,489 | +€584 | +64.5% |
| Gross operating margin | 9900 | €66,944 | €74,359 | +€7,416 | +11.1% |
| Operating profit (loss) | 9901 | €49,358 | €49,463 | +€105 | +0.2% |
| Financial charges | 65/66B | €995 | €5,666 | +€4,671 | +469.6% |
| Recurring financial charges | 65 | €995 | €5,666 | +€4,671 | +469.6% |
| Profit (loss) for the period before taxes | 9903 | €48,363 | €43,797 | -€4,566 | -9.4% |
| Income taxes | 67/77 | €11,246 | €9,025 | -€2,220 | -19.7% |
| Profit (loss) for the period | 9904 | €37,117 | €34,772 | -€2,346 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,117 | €34,772 | -€2,346 | -6.3% |
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 4 October 2026 via checked.be.