TERIA: 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.
TERIA
Largest movements
- Stocks and contracts -€346,196
no longer reported in 2025 (was €346,196)
- Tangible fixed assets +€277,882
up €277,882 (+246%), from €112,876 to €390,758
of which Land and buildings: +€320,009
- Receivables within one year +€100,829
up €100,829 (+102%), from €98,840 to €199,668
of which Other amounts receivable: +€52,438
- Receivables after one year +€37,900
new in 2025: €37,900
- Other debts -€78,398
down €78,398 (-91.7%), from €85,534 to €7,136
- Profit (loss) carried forward +€69,425
up €69,425 (+91.3%), from -€76,020 to -€6,596
- Trade debts +€46,256
up €46,256 (+24.0%), from €193,085 to €239,341
- Tax, wage and social debts +€43,430
up €43,430 (+235%), from €18,455 to €61,885
of which Taxes: +€39,331
- Debts after one year -€39,653
down €39,653 (-12.2%), from €325,534 to €285,881
- Gross operating margin +€268,830
up €268,830, from -€66,720 to €202,111
- Staff costs +€52,505
new in 2025: €52,505
- Depreciation +€24,123
up €24,123 (+96.0%), from €25,134 to €49,257
- Other operating charges +€5,915
up €5,915 (+93.9%), from €6,298 to €12,212
- Financial charges +€3,274
up €3,274 (+19.0%), from €17,197 to €20,471
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.
Derived cash bridge
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 | €604,474 | €671,866 | +€67,391 | +11.1% |
| Fixed assets | 21/28 | €130,486 | €403,738 | +€273,252 | +209% |
| Intangible fixed assets | 21 | €17,610 | €12,980 | -€4,630 | -26.3% |
| Tangible fixed assets | 22/27 | €112,876 | €390,758 | +€277,882 | +246% |
| Land and buildings | 22 | - | €320,009 | +€320,009 | |
| Furniture and vehicles | 24 | €112,876 | €70,749 | -€42,127 | -37.3% |
| Current assets | 29/58 | €473,989 | €268,128 | -€205,861 | -43.4% |
| Amounts receivable after more than one year | 29 | - | €37,900 | +€37,900 | |
| Other amounts receivable | 291 | - | €37,900 | +€37,900 | |
| Stocks and contracts in progress | 3 | €346,196 | - | -€346,196 | |
| Stocks | 30/36 | €346,196 | - | -€346,196 | |
| Amounts receivable within one year | 40/41 | €98,840 | €199,668 | +€100,829 | +102% |
| Trade receivables | 40 | €48,512 | €96,903 | +€48,391 | +99.8% |
| Other amounts receivable | 41 | €50,327 | €102,765 | +€52,438 | +104% |
| Cash at bank and in hand | 54/58 | €24,357 | €28,112 | +€3,755 | +15.4% |
| Deferred charges and accrued income | 490/1 | €4,596 | €2,447 | -€2,149 | -46.8% |
| Total equity and liabilities | 10/49 | €604,474 | €671,866 | +€67,391 | +11.1% |
| Equity | 10/15 | -€56,594 | €12,831 | +€69,425 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €827 | €827 | = | 0.0% |
| Non-distributable reserves | 130/1 | €827 | €827 | = | 0.0% |
| Reserves not available under the articles | 1311 | €827 | €827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,020 | -€6,596 | +€69,425 | +91.3% |
| Amounts payable | 17/49 | €661,068 | €659,034 | -€2,033 | -0.3% |
| Amounts payable after more than one year | 17 | €325,534 | €285,881 | -€39,653 | -12.2% |
| Financial debts | 170/4 | €325,534 | €285,881 | -€39,653 | -12.2% |
| Amounts payable within one year | 42/48 | €335,418 | €373,015 | +€37,598 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €38,343 | €64,653 | +€26,310 | +68.6% |
| Trade debts | 44 | €193,085 | €239,341 | +€46,256 | +24.0% |
| Suppliers | 440/4 | €193,085 | €239,341 | +€46,256 | +24.0% |
| Taxes, remuneration and social security | 45 | €18,455 | €61,885 | +€43,430 | +235% |
| Taxes | 450/3 | €18,455 | €57,785 | +€39,331 | +213% |
| Remuneration and social security | 454/9 | - | €4,100 | +€4,100 | |
| Other amounts payable | 47/48 | €85,534 | €7,136 | -€78,398 | -91.7% |
| Accrued charges and deferred income | 492/3 | €116 | €138 | +€22 | +19.0% |
| Non-recurring operating income | 76A | €74,596 | - | -€74,596 | |
| Remuneration, social security and pensions | 62 | - | €52,505 | +€52,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,134 | €49,257 | +€24,123 | +96.0% |
| Other operating charges | 640/8 | €6,298 | €12,212 | +€5,915 | +93.9% |
| Gross operating margin | 9900 | -€66,720 | €202,111 | +€268,830 | |
| Operating profit (loss) | 9901 | -€98,151 | €88,136 | +€186,287 | |
| Financial income | 75/76B | €3,861 | €2,004 | -€1,857 | -48.1% |
| Recurring financial income | 75 | €3,861 | €2,004 | -€1,857 | -48.1% |
| Financial charges | 65/66B | €17,197 | €20,471 | +€3,274 | +19.0% |
| Recurring financial charges | 65 | €17,197 | €20,471 | +€3,274 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€111,487 | €69,669 | +€181,157 | |
| Income taxes | 67/77 | €18 | €245 | +€226 | +1,235% |
| Profit (loss) for the period | 9904 | -€111,506 | €69,425 | +€180,930 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,506 | €69,425 | +€180,930 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.