TERLIGO: 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.
TERLIGO
Largest movements
- Cash +€16,978
up €16,978 (+51.8%), from €32,806 to €49,783
mainly Net result for the year (+€8,025) and Receivables after one year (+€5,679)
- Receivables after one year -€5,679
no longer reported in 2025 (was €5,679)
- Deferred charges and accrued income -€1,277
down €1,277 (-97.1%), from €1,316 to €39
- Reserves +€8,025
up €8,025 (+18.1%), from €44,282 to €52,307
- Accrued charges and deferred income -€2,743
no longer reported in 2025 (was €2,743)
- Tax, wage and social debts +€2,691
up €2,691 (+96.7%), from €2,781 to €5,472
- Other debts +€2,346
up €2,346 (+2,051%), from €114 to €2,460
- Gross operating margin +€3,258
up €3,258 (+30.4%), from €10,725 to €13,983
- Taxes +€1,157
up €1,157 (+40.7%), from €2,843 to €4,000
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 | €92,892 | €102,588 | +€9,696 | +10.4% |
| Fixed assets | 21/28 | €49,735 | €50,008 | +€273 | +0.5% |
| Tangible fixed assets | 22/27 | €49,735 | €50,008 | +€273 | +0.5% |
| Assets under construction and advance payments | 27 | €49,735 | €50,008 | +€273 | +0.5% |
| Current assets | 29/58 | €43,156 | €52,580 | +€9,424 | +21.8% |
| Amounts receivable after more than one year | 29 | €5,679 | - | -€5,679 | |
| Other amounts receivable | 291 | €5,679 | - | -€5,679 | |
| Amounts receivable within one year | 40/41 | €3,356 | €2,758 | -€598 | -17.8% |
| Trade receivables | 40 | €1,650 | €2,729 | +€1,079 | +65.4% |
| Other amounts receivable | 41 | €1,706 | €29 | -€1,677 | -98.3% |
| Cash at bank and in hand | 54/58 | €32,806 | €49,783 | +€16,978 | +51.8% |
| Deferred charges and accrued income | 490/1 | €1,316 | €39 | -€1,277 | -97.1% |
| Total equity and liabilities | 10/49 | €92,892 | €102,588 | +€9,696 | +10.4% |
| Equity | 10/15 | €80,577 | €88,602 | +€8,025 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,282 | €52,307 | +€8,025 | +18.1% |
| Distributable reserves | 133 | €44,282 | €52,307 | +€8,025 | +18.1% |
| Profit (loss) carried forward | 14 | €17,695 | €17,695 | = | 0.0% |
| Amounts payable | 17/49 | €12,314 | €13,986 | +€1,672 | +13.6% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,571 | €7,986 | +€4,415 | +124% |
| Trade debts | 44 | €676 | €4 | -€671 | -99.4% |
| Suppliers | 440/4 | €676 | €4 | -€671 | -99.4% |
| Advances received on contracts in progress | 46 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €2,781 | €5,472 | +€2,691 | +96.7% |
| Taxes | 450/3 | €2,781 | €5,472 | +€2,691 | +96.7% |
| Other amounts payable | 47/48 | €114 | €2,460 | +€2,346 | +2,051% |
| Accrued charges and deferred income | 492/3 | €2,743 | - | -€2,743 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,725 | €13,983 | +€3,258 | +30.4% |
| Operating profit (loss) | 9901 | €10,338 | €13,583 | +€3,246 | +31.4% |
| Financial income | 75/76B | €188 | €195 | +€8 | +4.0% |
| Recurring financial income | 75 | €188 | €195 | +€8 | +4.0% |
| Financial charges | 65/66B | €1,810 | €1,754 | -€56 | -3.1% |
| Recurring financial charges | 65 | €1,810 | €1,754 | -€56 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €8,715 | €12,025 | +€3,309 | +38.0% |
| Income taxes | 67/77 | €2,843 | €4,000 | +€1,157 | +40.7% |
| Profit (loss) for the period | 9904 | €5,873 | €8,025 | +€2,152 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,873 | €8,025 | +€2,152 | +36.6% |
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.