TERESTRIA: 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.
TERESTRIA
Largest movements
- Receivables within one year +€401,984
up €401,984 (+11481.3%), from €3,501 to €405,486
of which Other amounts receivable: +€398,483
- Financial fixed assets -€318,400
down €318,400 (-99.8%), from €319,180 to €780
- Tangible fixed assets -€225,115
down €225,115 (-38.5%), from €585,273 to €360,158
of which Land and buildings: -€218,797
- Cash +€189,894
up €189,894 (+82.2%), from €231,017 to €420,911
mainly Investment in fixed assets (net) (+€513,361) and Other debts (+€456,799)
- Contributions -€480,000
down €480,000 (-88.4%), from €542,887 to €62,887
- Other debts +€456,799
up €456,799 (+2494.6%), from €18,311 to €475,110
- Reserves +€179,256
up €179,256 (+20.6%), from €870,019 to €1.0m
of which Distributable reserves: +€382,306
- Provisions -€104,779
no longer reported in 2025 (was €104,779)
- Gross operating margin +€239,724
up €239,724 (+678.7%), from €35,323 to €275,047
- Taxes +€169,459
up €169,459 (+1893.4%), from €8,950 to €178,409
- Depreciation -€13,320
down €13,320 (-30.6%), from €43,474 to €30,154
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 | €1,539,400 | €1,587,335 | +€47,935 | +3.1% |
| Fixed assets | 21/28 | €904,452 | €360,938 | -€543,515 | -60.1% |
| Tangible fixed assets | 22/27 | €585,273 | €360,158 | -€225,115 | -38.5% |
| Land and buildings | 22 | €578,955 | €360,158 | -€218,797 | -37.8% |
| Plant, machinery and equipment | 23 | €6,317 | - | -€6,317 | |
| Financial fixed assets | 28 | €319,180 | €780 | -€318,400 | -99.8% |
| Current assets | 29/58 | €634,947 | €1,226,397 | +€591,449 | +93.1% |
| Amounts receivable within one year | 40/41 | €3,501 | €405,486 | +€401,984 | +11481.3% |
| Trade receivables | 40 | - | €3,501 | +€3,501 | |
| Other amounts receivable | 41 | €3,501 | €401,984 | +€398,483 | +11381.3% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €231,017 | €420,911 | +€189,894 | +82.2% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €1,539,400 | €1,587,335 | +€47,935 | +3.1% |
| Equity | 10/15 | €1,412,906 | €1,112,161 | -€300,744 | -21.3% |
| Contributions | 10/11 | €542,887 | €62,887 | -€480,000 | -88.4% |
| Capital | 10 | €542,887 | €62,887 | -€480,000 | -88.4% |
| Issued capital | 100 | €542,887 | €62,887 | -€480,000 | -88.4% |
| Reserves | 13 | €870,019 | €1,049,275 | +€179,256 | +20.6% |
| Non-distributable reserves | 130/1 | €54,289 | €54,289 | = | 0.0% |
| Legal reserve | 130 | €54,289 | €54,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €203,050 | - | -€203,050 | |
| Distributable reserves | 133 | €612,680 | €994,986 | +€382,306 | +62.4% |
| Provisions and deferred taxes | 16 | €104,779 | - | -€104,779 | |
| Deferred taxes | 168 | €104,779 | - | -€104,779 | |
| Amounts payable | 17/49 | €21,716 | €475,173 | +€453,458 | +2088.2% |
| Amounts payable within one year | 42/48 | €21,716 | €475,173 | +€453,458 | +2088.2% |
| Trade debts | 44 | €2,569 | €63 | -€2,506 | -97.5% |
| Suppliers | 440/4 | €2,569 | €63 | -€2,506 | -97.5% |
| Taxes, remuneration and social security | 45 | €836 | - | -€836 | |
| Taxes | 450/3 | €836 | - | -€836 | |
| Other amounts payable | 47/48 | €18,311 | €475,110 | +€456,799 | +2494.6% |
| Non-recurring operating income | 76A | - | €277,039 | +€277,039 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,474 | €30,154 | -€13,320 | -30.6% |
| Other operating charges | 640/8 | €5,981 | €6,253 | +€272 | +4.5% |
| Gross operating margin | 9900 | €35,323 | €275,047 | +€239,724 | +678.7% |
| Operating profit (loss) | 9901 | -€14,132 | €238,640 | +€252,772 | |
| Financial income | 75/76B | €11,570 | €14,246 | +€2,676 | +23.1% |
| Recurring financial income | 75 | €11,570 | €14,246 | +€2,676 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,562 | €252,887 | +€255,449 | |
| Transfer from deferred taxes | 780 | €9,847 | €104,779 | +€94,931 | +964.0% |
| Income taxes | 67/77 | €8,950 | €178,409 | +€169,459 | +1893.4% |
| Profit (loss) for the period | 9904 | -€1,665 | €179,256 | +€180,921 | |
| Transfer from tax-exempt reserves | 789 | €18,957 | €203,050 | +€184,093 | +971.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,292 | €382,306 | +€365,014 | +2110.9% |
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 7 October 2026 via checked.be.