TEREO GROUP: 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.
TEREO GROUP
Largest movements
- Current investments +€65,000
new in 2025: €65,000
- Tangible fixed assets -€2,130
no longer reported in 2025 (was €2,130)
- Cash +€1,954
up €1,954 (+6492.8%), from €30 to €1,984
- Receivables within one year -€1,591
no longer reported in 2025 (was €1,591)
- Other debts +€69,279
up €69,279 (+1809.5%), from €3,829 to €73,108
- Profit (loss) carried forward -€5,034
down €5,034 (-56.6%), from -€8,890 to -€13,924
- Trade debts -€1,013
down €1,013 (-64.8%), from €1,563 to €550
- Other operating charges -€1,860
down €1,860 (-78.3%), from €2,375 to €515
- Gross operating margin +€361
up €361 (+39.6%), from -€911 to -€550
- Financial charges -€140
down €140 (-84.1%), from €166 to €26
of which Financial charges: -€140
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,252 | €84,484 | +€63,232 | +297.5% |
| Fixed assets | 21/28 | €19,630 | €17,500 | -€2,130 | -10.9% |
| Tangible fixed assets | 22/27 | €2,130 | - | -€2,130 | |
| Plant, machinery and equipment | 23 | €2,130 | - | -€2,130 | |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €1,621 | €66,984 | +€65,362 | +4031.4% |
| Amounts receivable within one year | 40/41 | €1,591 | - | -€1,591 | |
| Other amounts receivable | 41 | €1,591 | - | -€1,591 | |
| Current investments | 50/53 | - | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €30 | €1,984 | +€1,954 | +6492.8% |
| Total equity and liabilities | 10/49 | €21,252 | €84,484 | +€63,232 | +297.5% |
| Equity | 10/15 | €15,860 | €10,826 | -€5,034 | -31.7% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Capital | 10 | €22,500 | €22,500 | = | 0.0% |
| Issued capital | 100 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €2,250 | €2,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Legal reserve | 130 | €2,250 | €2,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,890 | -€13,924 | -€5,034 | -56.6% |
| Amounts payable | 17/49 | €5,392 | €73,658 | +€68,266 | +1266.2% |
| Amounts payable within one year | 42/48 | €5,392 | €73,658 | +€68,266 | +1266.2% |
| Trade debts | 44 | €1,563 | €550 | -€1,013 | -64.8% |
| Suppliers | 440/4 | €1,563 | €550 | -€1,013 | -64.8% |
| Other amounts payable | 47/48 | €3,829 | €73,108 | +€69,279 | +1809.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,068 | €1,062 | -€6 | -0.5% |
| Other operating charges | 640/8 | €2,375 | €515 | -€1,860 | -78.3% |
| Gross operating margin | 9900 | -€911 | -€550 | +€361 | +39.6% |
| Operating profit (loss) | 9901 | -€4,354 | -€2,127 | +€2,227 | +51.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €166 | €26 | -€140 | -84.1% |
| Recurring financial charges | 65 | €166 | €26 | -€140 | -84.1% |
| Non-recurring financial charges | 66B | €166 | €26 | -€140 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,520 | -€2,154 | +€2,366 | +52.3% |
| Profit (loss) for the period | 9904 | -€4,520 | -€2,154 | +€2,366 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,520 | -€2,154 | +€2,366 | +52.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.