TERK: 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.
TERK
Largest movements
- Cash -€27,828
down €27,828 (-26.1%), from €106,463 to €78,634
mainly Other debts (-€15,305) and Trade debts (-€13,550)
- Tangible fixed assets -€6,944
down €6,944 (-17.0%), from €40,759 to €33,815
of which Furniture and vehicles: -€8,788
- Other debts -€15,305
down €15,305 (-5.6%), from €273,794 to €258,489
- Trade debts -€13,550
down €13,550 (-31.4%), from €43,158 to €29,608
- Reserves -€5,401
down €5,401 (-5.0%), from €109,062 to €103,661
of which Distributable reserves: -€3,541
- Gross operating margin +€37,542
up €37,542 (+533.9%), from €7,031 to €44,573
- Staff costs -€12,462
down €12,462 (-25.5%), from €48,943 to €36,481
- Depreciation -€7,538
down €7,538 (-38.5%), from €19,599 to €12,061
- Financial income -€642
down €642 (-78.4%), from €819 to €177
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 | €447,434 | €412,873 | -€34,561 | -7.7% |
| Fixed assets | 21/28 | €40,884 | €33,940 | -€6,944 | -17.0% |
| Tangible fixed assets | 22/27 | €40,759 | €33,815 | -€6,944 | -17.0% |
| Land and buildings | 22 | €14,612 | €13,761 | -€851 | -5.8% |
| Plant, machinery and equipment | 23 | €2,238 | €4,934 | +€2,695 | +120.4% |
| Furniture and vehicles | 24 | €23,909 | €15,121 | -€8,788 | -36.8% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €406,549 | €378,932 | -€27,617 | -6.8% |
| Amounts receivable within one year | 40/41 | €159,017 | €160,732 | +€1,715 | +1.1% |
| Other amounts receivable | 41 | €159,017 | €160,732 | +€1,715 | +1.1% |
| Current investments | 50/53 | €141,070 | €139,566 | -€1,504 | -1.1% |
| Cash at bank and in hand | 54/58 | €106,463 | €78,634 | -€27,828 | -26.1% |
| Total equity and liabilities | 10/49 | €447,434 | €412,873 | -€34,561 | -7.7% |
| Equity | 10/15 | €127,662 | €122,261 | -€5,401 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,062 | €103,661 | -€5,401 | -5.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €107,202 | €103,661 | -€3,541 | -3.3% |
| Amounts payable | 17/49 | €319,772 | €290,611 | -€29,160 | -9.1% |
| Amounts payable within one year | 42/48 | €319,451 | €290,611 | -€28,840 | -9.0% |
| Trade debts | 44 | €43,158 | €29,608 | -€13,550 | -31.4% |
| Suppliers | 440/4 | €43,158 | €29,608 | -€13,550 | -31.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,514 | +€15 | +0.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,514 | +€15 | +0.6% |
| Other amounts payable | 47/48 | €273,794 | €258,489 | -€15,305 | -5.6% |
| Accrued charges and deferred income | 492/3 | €320 | - | -€320 | |
| Remuneration, social security and pensions | 62 | €48,943 | €36,481 | -€12,462 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,599 | €12,061 | -€7,538 | -38.5% |
| Other operating charges | 640/8 | €877 | €479 | -€397 | -45.3% |
| Gross operating margin | 9900 | €7,031 | €44,573 | +€37,542 | +533.9% |
| Operating profit (loss) | 9901 | -€62,388 | -€4,448 | +€57,939 | +92.9% |
| Financial income | 75/76B | €819 | €177 | -€642 | -78.4% |
| Recurring financial income | 75 | €819 | €177 | -€642 | -78.4% |
| Financial charges | 65/66B | €1,258 | €1,129 | -€129 | -10.2% |
| Recurring financial charges | 65 | €1,258 | €1,129 | -€129 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,826 | -€5,401 | +€57,426 | +91.4% |
| Income taxes | 67/77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | -€62,835 | -€5,401 | +€57,434 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,835 | -€5,401 | +€57,434 | +91.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.