Ternest Consult: 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.
Ternest Consult
Largest movements
- Cash +€14,302
up €14,302 (+82.7%), from €17,288 to €31,590
mainly Net result for the year (+€27,568) and Depreciation (+€595)
- Receivables within one year +€4,738
new in 2025: €4,738
of which Trade receivables: +€3,488
- Tangible fixed assets +€667
up €667 (+72.4%), from €922 to €1,590
- Reserves +€25,000
up €25,000 (+117.0%), from €21,360 to €46,360
- Tax, wage and social debts -€5,900
no longer reported in 2025 (was €5,900)
- Profit (loss) carried forward +€2,568
up €2,568 (+13.4%), from -€19,090 to -€16,522
- Other debts -€2,022
down €2,022 (-50.8%), from €3,981 to €1,959
- Gross operating margin +€17,433
up €17,433 (+90.9%), from €19,181 to €36,613
- Taxes +€1,381
up €1,381 (+22.9%), from €6,032 to €7,412
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 | €18,351 | €38,142 | +€19,791 | +107.8% |
| Fixed assets | 21/28 | €922 | €1,590 | +€667 | +72.4% |
| Tangible fixed assets | 22/27 | €922 | €1,590 | +€667 | +72.4% |
| Furniture and vehicles | 24 | €922 | €1,590 | +€667 | +72.4% |
| Current assets | 29/58 | €17,429 | €36,552 | +€19,123 | +109.7% |
| Amounts receivable within one year | 40/41 | - | €4,738 | +€4,738 | |
| Trade receivables | 40 | - | €3,488 | +€3,488 | |
| Other amounts receivable | 41 | - | €1,250 | +€1,250 | |
| Cash at bank and in hand | 54/58 | €17,288 | €31,590 | +€14,302 | +82.7% |
| Deferred charges and accrued income | 490/1 | €141 | €224 | +€83 | +59.1% |
| Total equity and liabilities | 10/49 | €18,351 | €38,142 | +€19,791 | +107.8% |
| Equity | 10/15 | €8,470 | €36,038 | +€27,568 | +325.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,360 | €46,360 | +€25,000 | +117.0% |
| Distributable reserves | 133 | €21,360 | €46,360 | +€25,000 | +117.0% |
| Profit (loss) carried forward | 14 | -€19,090 | -€16,522 | +€2,568 | +13.4% |
| Amounts payable | 17/49 | €9,881 | €2,104 | -€7,777 | -78.7% |
| Amounts payable within one year | 42/48 | €9,881 | €2,104 | -€7,777 | -78.7% |
| Trade debts | 44 | - | €145 | +€145 | |
| Suppliers | 440/4 | - | €145 | +€145 | |
| Taxes, remuneration and social security | 45 | €5,900 | - | -€5,900 | |
| Taxes | 450/3 | €5,900 | - | -€5,900 | |
| Other amounts payable | 47/48 | €3,981 | €1,959 | -€2,022 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €595 | +€164 | +38.1% |
| Other operating charges | 640/8 | €1,089 | €994 | -€95 | -8.7% |
| Gross operating margin | 9900 | €19,181 | €36,613 | +€17,433 | +90.9% |
| Operating profit (loss) | 9901 | €17,661 | €35,025 | +€17,363 | +98.3% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €17,616 | €34,980 | +€17,363 | +98.6% |
| Income taxes | 67/77 | €6,032 | €7,412 | +€1,381 | +22.9% |
| Profit (loss) for the period | 9904 | €11,585 | €27,568 | +€15,983 | +138.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,585 | €27,568 | +€15,983 | +138.0% |
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 12 October 2026 via checked.be.