TERFIMMO: 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.
TERFIMMO
Largest movements
- Tangible fixed assets -€1,362
down €1,362 (-85.9%), from €1,585 to €223
- Cash +€988
up €988 (+9.2%), from €10,684 to €11,671
mainly Depreciation (+€1,362) and Deferred charges and accrued income (+€450)
- Deferred charges and accrued income -€450
no longer reported in 2024 (was €450)
- Profit (loss) carried forward -€481
down €481 (-3.5%), from €13,929 to €13,448
- Trade debts -€417
no longer reported in 2024 (was €417)
- Gross operating margin +€839
up €839 (+164.2%), from €511 to €1,349
- Financial charges -€74
down €74 (-33.0%), from €224 to €150
- Financial income +€14
up €14 (+24.5%), from €56 to €69
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.
Cash bridge derived
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 | €34,806 | €33,908 | -€898 | -2.6% |
| Fixed assets | 21/28 | €1,700 | €338 | -€1,362 | -80.1% |
| Tangible fixed assets | 22/27 | €1,585 | €223 | -€1,362 | -85.9% |
| Furniture and vehicles | 24 | €1,585 | €223 | -€1,362 | -85.9% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €33,106 | €33,570 | +€464 | +1.4% |
| Amounts receivable within one year | 40/41 | €21,280 | €21,204 | -€76 | -0.4% |
| Trade receivables | 40 | €19,839 | €19,821 | -€19 | -0.1% |
| Other amounts receivable | 41 | €1,440 | €1,383 | -€57 | -4.0% |
| Current investments | 50/53 | €692 | €695 | +€3 | +0.4% |
| Cash at bank and in hand | 54/58 | €10,684 | €11,671 | +€988 | +9.2% |
| Deferred charges and accrued income | 490/1 | €450 | - | -€450 | |
| Total equity and liabilities | 10/49 | €34,806 | €33,908 | -€898 | -2.6% |
| Equity | 10/15 | €34,389 | €33,908 | -€481 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,929 | €13,448 | -€481 | -3.5% |
| Amounts payable | 17/49 | €417 | - | -€417 | |
| Amounts payable within one year | 42/48 | €417 | - | -€417 | |
| Trade debts | 44 | €417 | - | -€417 | |
| Suppliers | 440/4 | €417 | - | -€417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,362 | €1,362 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €511 | €1,349 | +€839 | +164.2% |
| Operating profit (loss) | 9901 | -€1,236 | -€400 | +€836 | +67.6% |
| Financial income | 75/76B | €56 | €69 | +€14 | +24.5% |
| Recurring financial income | 75 | €56 | €69 | +€14 | +24.5% |
| Financial charges | 65/66B | €224 | €150 | -€74 | -33.0% |
| Recurring financial charges | 65 | €224 | €150 | -€74 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,404 | -€481 | +€923 | +65.7% |
| Profit (loss) for the period | 9904 | -€1,404 | -€481 | +€923 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,404 | -€481 | +€923 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.