TEREO: 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.
TEREO
Largest movements
- Cash +€79,717
up €79,717 (+233363.7%), from €34 to €79,751
mainly Net result for the year (+€86,693) and Other debts (+€78,734)
- Receivables within one year +€24,855
up €24,855 (+684.6%), from €3,631 to €28,485
of which Other amounts receivable: +€22,724
- Tangible fixed assets -€2,866
down €2,866 (-39.3%), from €7,288 to €4,421
of which Leasing and similar rights: -€3,467
- Other debts +€78,734
up €78,734, from €0 to €78,734
- Tax, wage and social debts +€17,508
up €17,508 (+285.0%), from €6,142 to €23,651
of which Taxes: +€17,508
- Profit (loss) carried forward +€7,958
no longer reported in 2025 (was -€7,958)
- Current portion of long-term debt -€3,957
no longer reported in 2025 (was €3,957)
- Trade debts +€2,016
up €2,016 (+150.7%), from €1,338 to €3,354
- Gross operating margin +€128,951
up €128,951, from -€12,639 to €116,312
- Taxes +€22,825
up €22,825 (+6334.1%), from €360 to €23,185
- Depreciation -€1,237
down €1,237 (-18.3%), from €6,749 to €5,512
- Other operating charges -€1,229
down €1,229 (-48.4%), from €2,536 to €1,308
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 | €11,395 | €113,239 | +€101,843 | +893.7% |
| Formation expenses | 20 | €443 | €177 | -€266 | -60.0% |
| Fixed assets | 21/28 | €7,288 | €4,421 | -€2,866 | -39.3% |
| Tangible fixed assets | 22/27 | €7,288 | €4,421 | -€2,866 | -39.3% |
| Plant, machinery and equipment | 23 | €3,163 | €4,281 | +€1,118 | +35.4% |
| Furniture and vehicles | 24 | €658 | €141 | -€518 | -78.6% |
| Leasing and similar rights | 25 | €3,467 | - | -€3,467 | |
| Current assets | 29/58 | €3,665 | €108,640 | +€104,975 | +2864.5% |
| Amounts receivable within one year | 40/41 | €3,631 | €28,485 | +€24,855 | +684.6% |
| Trade receivables | 40 | €3,620 | €5,751 | +€2,131 | +58.9% |
| Other amounts receivable | 41 | €10 | €22,734 | +€22,724 | +224324.9% |
| Cash at bank and in hand | 54/58 | €34 | €79,751 | +€79,717 | +233363.7% |
| Deferred charges and accrued income | 490/1 | €0 | €403 | +€403 | |
| Total equity and liabilities | 10/49 | €11,395 | €113,239 | +€101,843 | +893.7% |
| Equity | 10/15 | -€458 | €7,500 | +€7,958 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,958 | - | +€7,958 | |
| Amounts payable | 17/49 | €11,854 | €105,739 | +€93,885 | +792.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,437 | €105,739 | +€94,302 | +824.5% |
| Current portion of amounts payable after more than one year | 42 | €3,957 | - | -€3,957 | |
| Trade debts | 44 | €1,338 | €3,354 | +€2,016 | +150.7% |
| Suppliers | 440/4 | €1,338 | €3,354 | +€2,016 | +150.7% |
| Taxes, remuneration and social security | 45 | €6,142 | €23,651 | +€17,508 | +285.0% |
| Taxes | 450/3 | €6,142 | €23,651 | +€17,508 | +285.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €78,734 | +€78,734 | |
| Accrued charges and deferred income | 492/3 | €417 | - | -€417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,749 | €5,512 | -€1,237 | -18.3% |
| Other operating charges | 640/8 | €2,536 | €1,308 | -€1,229 | -48.4% |
| Gross operating margin | 9900 | -€12,639 | €116,312 | +€128,951 | |
| Operating profit (loss) | 9901 | -€21,924 | €109,492 | +€131,416 | |
| Financial income | 75/76B | €2 | €600 | +€598 | +29886.5% |
| Recurring financial income | 75 | €2 | €600 | +€598 | +29886.5% |
| Financial charges | 65/66B | €248 | €214 | -€34 | -13.8% |
| Recurring financial charges | 65 | €248 | €214 | -€34 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,170 | €109,878 | +€132,048 | |
| Income taxes | 67/77 | €360 | €23,185 | +€22,825 | +6334.1% |
| Profit (loss) for the period | 9904 | -€22,531 | €86,693 | +€109,223 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,531 | €86,693 | +€109,223 |
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 29 September 2026 via checked.be.