TEREBENTHINE: 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.
TEREBENTHINE
Largest movements
- Receivables within one year -€8,714
down €8,714 (-19.3%), from €45,168 to €36,454
of which Trade receivables: -€7,739
- Receivables after one year -€6,862
no longer reported in 2024 (was €6,862)
- Cash +€3,044
up €3,044 (+970%), from €314 to €3,358
mainly Receivables within one year (+€8,714) and Receivables after one year (+€6,862)
- Trade debts -€6,769
down €6,769 (-19.4%), from €34,856 to €28,087
of which Bills of exchange payable: -€6,862
- Other debts -€2,814
down €2,814 (-77.6%), from €3,626 to €812
- Tax, wage and social debts -€2,333
down €2,333 (-69.8%), from €3,340 to €1,007
- Accrued charges and deferred income -€1,885
no longer reported in 2024 (was €1,885)
- Profit (loss) carried forward +€1,265
up €1,265 (+15.7%), from €8,037 to €9,302
- Gross operating margin -€7,374
down €7,374 (-77.2%), from €9,545 to €2,172
- Taxes -€1,890
down €1,890 (-80.0%), from €2,364 to €474
- Financial charges -€414
down €414 (-71.7%), from €577 to €163
of which Financial charges: -€427
- Depreciation -€181
no longer reported in 2024 (was €181)
- Financial income -€146
down €146 (-62.0%), from €236 to €89
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,244 | €40,712 | -€12,532 | -23.5% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €52,344 | €39,812 | -€12,532 | -23.9% |
| Amounts receivable after more than one year | 29 | €6,862 | - | -€6,862 | |
| Trade receivables | 290 | €6,862 | - | -€6,862 | |
| Amounts receivable within one year | 40/41 | €45,168 | €36,454 | -€8,714 | -19.3% |
| Trade receivables | 40 | €41,462 | €33,723 | -€7,739 | -18.7% |
| Other amounts receivable | 41 | €3,706 | €2,731 | -€975 | -26.3% |
| Cash at bank and in hand | 54/58 | €314 | €3,358 | +€3,044 | +970% |
| Total equity and liabilities | 10/49 | €53,244 | €40,712 | -€12,532 | -23.5% |
| Equity | 10/15 | €9,537 | €10,802 | +€1,265 | +13.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,037 | €9,302 | +€1,265 | +15.7% |
| Amounts payable | 17/49 | €43,707 | €29,910 | -€13,798 | -31.6% |
| Amounts payable within one year | 42/48 | €41,822 | €29,910 | -€11,912 | -28.5% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €34,856 | €28,087 | -€6,769 | -19.4% |
| Suppliers | 440/4 | €27,994 | €28,087 | +€93 | +0.3% |
| Bills of exchange payable | 441 | €6,862 | - | -€6,862 | |
| Taxes, remuneration and social security | 45 | €3,340 | €1,007 | -€2,333 | -69.8% |
| Taxes | 450/3 | €3,340 | €1,007 | -€2,333 | -69.8% |
| Other amounts payable | 47/48 | €3,626 | €812 | -€2,814 | -77.6% |
| Accrued charges and deferred income | 492/3 | €1,885 | - | -€1,885 | |
| Remuneration, social security and pensions | 62 | - | €104 | +€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | - | -€181 | |
| Other operating charges | 640/8 | €348 | €255 | -€92 | -26.6% |
| Gross operating margin | 9900 | €9,545 | €2,172 | -€7,374 | -77.2% |
| Operating profit (loss) | 9901 | €9,017 | €1,813 | -€7,204 | -79.9% |
| Financial income | 75/76B | €236 | €89 | -€146 | -62.0% |
| Recurring financial income | 75 | €236 | €89 | -€146 | -62.0% |
| Financial charges | 65/66B | €577 | €163 | -€414 | -71.7% |
| Recurring financial charges | 65 | €527 | €100 | -€427 | -81.0% |
| Non-recurring financial charges | 66B | €50 | €63 | +€13 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €8,675 | €1,739 | -€6,936 | -80.0% |
| Income taxes | 67/77 | €2,364 | €474 | -€1,890 | -80.0% |
| Profit (loss) for the period | 9904 | €6,311 | €1,265 | -€5,046 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,311 | €1,265 | -€5,046 | -80.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.