TERIBEL: 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.
TERIBEL
Largest movements
- Cash -€285,935
down €285,935 (-90.1%), from €317,296 to €31,360
mainly Net result for the year (-€449,705) and Other debts (-€189,476)
- Financial fixed assets -€280,000
no longer reported in 2025 (was €280,000)
- Tangible fixed assets -€117,130
down €117,130 (-10.6%), from €1.1m to €992,278
of which Land and buildings: -€75,713
- Receivables within one year -€24,160
down €24,160 (-38.7%), from €62,484 to €38,324
of which Trade receivables: -€14,043
- Profit (loss) carried forward -€449,705
down €449,705, from €174,973 to -€274,732
- Other debts -€189,476
down €189,476 (-99.3%), from €190,884 to €1,408
- Debts after one year -€62,360
down €62,360 (-24.3%), from €257,026 to €194,666
- Gross operating margin -€322,247
down €322,247 (-100.0%), from €322,260 to €13
- Financial charges +€271,197
up €271,197 (+1418.2%), from €19,123 to €290,320
of which Non-recurring financial charges: +€280,000
- Taxes -€42,235
no longer reported in 2025 (was €42,235)
- Other operating charges -€6,697
down €6,697 (-40.7%), from €16,462 to €9,765
- Depreciation -€4,402
down €4,402 (-2.9%), from €154,035 to €149,634
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 | €1,784,849 | €1,073,825 | -€711,024 | -39.8% |
| Fixed assets | 21/28 | €1,394,055 | €995,996 | -€398,059 | -28.6% |
| Intangible fixed assets | 21 | €4,647 | €3,717 | -€929 | -20.0% |
| Tangible fixed assets | 22/27 | €1,109,408 | €992,278 | -€117,130 | -10.6% |
| Land and buildings | 22 | €1,007,805 | €932,093 | -€75,713 | -7.5% |
| Furniture and vehicles | 24 | €101,603 | €60,186 | -€41,417 | -40.8% |
| Financial fixed assets | 28 | €280,000 | - | -€280,000 | |
| Current assets | 29/58 | €390,794 | €77,829 | -€312,965 | -80.1% |
| Amounts receivable within one year | 40/41 | €62,484 | €38,324 | -€24,160 | -38.7% |
| Trade receivables | 40 | €14,456 | €413 | -€14,043 | -97.1% |
| Other amounts receivable | 41 | €48,028 | €37,910 | -€10,117 | -21.1% |
| Cash at bank and in hand | 54/58 | €317,296 | €31,360 | -€285,935 | -90.1% |
| Deferred charges and accrued income | 490/1 | €11,014 | €8,145 | -€2,870 | -26.1% |
| Total equity and liabilities | 10/49 | €1,784,849 | €1,073,825 | -€711,024 | -39.8% |
| Equity | 10/15 | €1,259,286 | €809,581 | -€449,705 | -35.7% |
| Contributions | 10/11 | €77,343 | €77,343 | = | 0.0% |
| Reserves | 13 | €1,006,970 | €1,006,970 | = | 0.0% |
| Distributable reserves | 133 | €1,006,970 | €1,006,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,973 | -€274,732 | -€449,705 | |
| Amounts payable | 17/49 | €525,563 | €264,244 | -€261,319 | -49.7% |
| Amounts payable after more than one year | 17 | €257,026 | €194,666 | -€62,360 | -24.3% |
| Financial debts | 170/4 | €257,026 | €194,666 | -€62,360 | -24.3% |
| Amounts payable within one year | 42/48 | €268,537 | €69,578 | -€198,959 | -74.1% |
| Current portion of amounts payable after more than one year | 42 | €60,495 | €62,360 | +€1,864 | +3.1% |
| Trade debts | 44 | €5,088 | €5,810 | +€722 | +14.2% |
| Suppliers | 440/4 | €5,088 | €5,810 | +€722 | +14.2% |
| Taxes, remuneration and social security | 45 | €12,070 | - | -€12,070 | |
| Taxes | 450/3 | €12,070 | - | -€12,070 | |
| Other amounts payable | 47/48 | €190,884 | €1,408 | -€189,476 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,035 | €149,634 | -€4,402 | -2.9% |
| Other operating charges | 640/8 | €16,462 | €9,765 | -€6,697 | -40.7% |
| Gross operating margin | 9900 | €322,260 | €13 | -€322,247 | -100.0% |
| Operating profit (loss) | 9901 | €151,764 | -€159,385 | -€311,149 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €19,123 | €290,320 | +€271,197 | +1418.2% |
| Recurring financial charges | 65 | €19,123 | €10,320 | -€8,803 | -46.0% |
| Non-recurring financial charges | 66B | - | €280,000 | +€280,000 | |
| Profit (loss) for the period before taxes | 9903 | €132,655 | -€449,705 | -€582,360 | |
| Income taxes | 67/77 | €42,235 | - | -€42,235 | |
| Profit (loss) for the period | 9904 | €90,421 | -€449,705 | -€540,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,421 | -€449,705 | -€540,126 |
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 4 October 2026 via checked.be.