Terlamen: 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.
Terlamen
Largest movements
- Cash -€1.3m
down €1.3m (-50.6%), from €2.5m to €1.3m
mainly Current investments (-€1.3m) and Investment in fixed assets (net) (-€224,510)
- Current investments +€1.3m
new in 2025: €1.3m
- Tangible fixed assets -€257,829
down €257,829 (-9.7%), from €2.6m to €2.4m
of which Land and buildings: -€178,257
- Receivables within one year +€82,778
up €82,778 (+16.0%), from €516,271 to €599,049
of which Other amounts receivable: +€74,081
- Accrued charges and deferred income -€104,827
down €104,827 (-52.9%), from €197,989 to €93,162
- Purchases and services +€456,781
up €456,781 (+7.4%), from €6.2m to €6.6m
- Gross operating margin -€209,455
down €209,455 (-12.5%), from €1.7m to €1.5m
- Taxes -€202,677
down €202,677, from €140,003 to -€62,674
- Other operating charges +€197,821
up €197,821 (+542%), from €36,493 to €234,314
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 | €6,209,985 | €5,996,244 | -€213,741 | -3.4% |
| Fixed assets | 21/28 | €2,788,285 | €2,499,265 | -€289,020 | -10.4% |
| Intangible fixed assets | 21 | €136,293 | €105,102 | -€31,191 | -22.9% |
| Tangible fixed assets | 22/27 | €2,647,922 | €2,390,093 | -€257,829 | -9.7% |
| Land and buildings | 22 | €2,167,507 | €1,989,250 | -€178,257 | -8.2% |
| Plant, machinery and equipment | 23 | €248,140 | €220,280 | -€27,860 | -11.2% |
| Furniture and vehicles | 24 | €232,275 | €180,563 | -€51,712 | -22.3% |
| Financial fixed assets | 28 | €4,070 | €4,070 | = | 0.0% |
| Current assets | 29/58 | €3,421,701 | €3,496,979 | +€75,278 | +2.2% |
| Stocks and contracts in progress | 3 | €81,646 | €71,450 | -€10,196 | -12.5% |
| Stocks | 30/36 | €81,646 | €71,450 | -€10,196 | -12.5% |
| Amounts receivable within one year | 40/41 | €516,271 | €599,049 | +€82,778 | +16.0% |
| Trade receivables | 40 | €515,661 | €524,357 | +€8,696 | +1.7% |
| Other amounts receivable | 41 | €611 | €74,692 | +€74,081 | +12,125% |
| Current investments | 50/53 | - | €1,283,398 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €2,534,774 | €1,251,156 | -€1.3m | -50.6% |
| Deferred charges and accrued income | 490/1 | €289,010 | €291,927 | +€2,917 | +1.0% |
| Total equity and liabilities | 10/49 | €6,209,985 | €5,996,244 | -€213,741 | -3.4% |
| Equity | 10/15 | €4,577,217 | €4,500,901 | -€76,316 | -1.7% |
| Contributions | 10/11 | €4,530,179 | €4,530,179 | = | 0.0% |
| Capital | 10 | €4,530,179 | €4,530,179 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,127 | -€280,334 | -€49,207 | -21.3% |
| Investment grants | 15 | €278,166 | €251,056 | -€27,110 | -9.7% |
| Amounts payable | 17/49 | €1,632,768 | €1,495,343 | -€137,425 | -8.4% |
| Amounts payable after more than one year | 17 | €491,433 | €445,707 | -€45,726 | -9.3% |
| Financial debts | 170/4 | €491,433 | €445,707 | -€45,726 | -9.3% |
| Amounts payable within one year | 42/48 | €943,346 | €956,475 | +€13,129 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €49,058 | €49,430 | +€372 | +0.8% |
| Trade debts | 44 | €750,465 | €790,362 | +€39,897 | +5.3% |
| Suppliers | 440/4 | €750,465 | €790,362 | +€39,897 | +5.3% |
| Taxes, remuneration and social security | 45 | €139,527 | €112,386 | -€27,141 | -19.5% |
| Taxes | 450/3 | €10,399 | €35,472 | +€25,073 | +241% |
| Remuneration and social security | 454/9 | €129,128 | €76,915 | -€52,213 | -40.4% |
| Accrued charges and deferred income | 492/3 | €197,989 | €93,162 | -€104,827 | -52.9% |
| Turnover | 70 | €7,619,811 | €7,661,483 | +€41,672 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,171,114 | €6,627,895 | +€456,781 | +7.4% |
| Remuneration, social security and pensions | 62 | €959,872 | €890,649 | -€69,223 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,461 | €513,530 | -€15,931 | -3.0% |
| Other operating charges | 640/8 | €36,493 | €234,314 | +€197,821 | +542% |
| Gross operating margin | 9900 | €1,676,728 | €1,467,273 | -€209,455 | -12.5% |
| Operating profit (loss) | 9901 | €150,903 | -€171,219 | -€322,122 | |
| Financial income | 75/76B | €102,475 | €77,601 | -€24,874 | -24.3% |
| Recurring financial income | 75 | €102,475 | €77,601 | -€24,874 | -24.3% |
| Financial charges | 65/66B | €12,113 | €18,262 | +€6,149 | +50.8% |
| Recurring financial charges | 65 | €12,113 | €18,262 | +€6,149 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €241,264 | -€111,881 | -€353,145 | |
| Income taxes | 67/77 | €140,003 | -€62,674 | -€202,677 | |
| Profit (loss) for the period | 9904 | €101,261 | -€49,207 | -€150,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €101,261 | -€49,207 | -€150,468 |
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 16 October 2026 via checked.be.