TerPower: what changed
What changed
TerPower
NACE 35.150, Electricity, gas, steam and air conditioning supply
filed annual accounts (NBB)
Net result for the year
-€21,054
2024 · -€93,045+€71,991
Equity
€865,166
2024 · €886,219-€21,054
Cash
€88,263
2024 · €76,616+€11,647
Balance sheet total
€3.8m
2024 · €2.8m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+44.6%), from €2.3m to €3.4m
of which Assets under construction and advance payments: +€1.1m
- Receivables within one year +€82,956
up €82,956 (+65.1%), from €127,420 to €210,376
of which Trade receivables: +€88,265
- Stocks and contracts -€66,990
down €66,990 (-31.9%), from €210,215 to €143,225
Equity and liabilities
- Trade debts +€689,315
up €689,315 (+86.5%), from €796,614 to €1.5m
- Other debts +€553,293
up €553,293 (+357%), from €155,182 to €708,475
- Debts after one year -€157,247
down €157,247 (-21.2%), from €740,064 to €582,817
Income statement
- Gross operating margin +€100,441
up €100,441 (+31.8%), from €315,754 to €416,195
- Depreciation +€28,582
up €28,582 (+18.7%), from €153,086 to €181,668
- Financial charges -€12,668
down €12,668 (-21.9%), from €57,929 to €45,261
- Staff costs +€7,982
up €7,982 (+4.2%), from €191,468 to €199,451
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€93,045
Gross operating margin
+€100,441
Staff costs
-€7,982
Depreciation
-€28,582
Write-downs
+€855
Other operating charges
-€2,425
Other operating items
-€1,800
Financial income
-€1,207
Financial charges
+€12,668
Taxes
+€24
Result 2025
-€21,054
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
-€1.2m
Financing
-€155,396
Cash 2024
€76,616
From operations (derived)
+€1.4m
Net result for the year
-€21,054
Depreciation
+€181,668
Stocks and contracts
+€66,990
Receivables within one year
-€82,956
Deferred charges and accrued income
+€1,551
Trade debts
+€689,315
Tax, wage and social debts
-€4,558
Other debts
+€553,293
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€155,396
Debts after one year
-€157,247
Current portion of long-term debt
+€1,851
Cash 2025
€88,263
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,764,900 | €3,826,501 | +€1.1m | +38.4% |
| Fixed assets | 21/28 | €2,323,079 | €3,358,618 | +€1.0m | +44.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,323,079 | €3,358,618 | +€1.0m | +44.6% |
| Land and buildings | 22 | €1,442,334 | €1,187,622 | -€254,712 | -17.7% |
| Plant, machinery and equipment | 23 | €809,759 | €1,005,205 | +€195,447 | +24.1% |
| Furniture and vehicles | 24 | €1,572 | €813 | -€759 | -48.3% |
| Assets under construction and advance payments | 27 | €69,415 | €1,164,978 | +€1.1m | +1,578% |
| Current assets | 29/58 | €441,821 | €467,883 | +€26,062 | +5.9% |
| Stocks and contracts in progress | 3 | €210,215 | €143,225 | -€66,990 | -31.9% |
| Stocks | 30/36 | €210,215 | €143,225 | -€66,990 | -31.9% |
| Amounts receivable within one year | 40/41 | €127,420 | €210,376 | +€82,956 | +65.1% |
| Trade receivables | 40 | €109,380 | €197,645 | +€88,265 | +80.7% |
| Other amounts receivable | 41 | €18,040 | €12,731 | -€5,309 | -29.4% |
| Cash at bank and in hand | 54/58 | €76,616 | €88,263 | +€11,647 | +15.2% |
| Deferred charges and accrued income | 490/1 | €27,570 | €26,019 | -€1,551 | -5.6% |
| Total equity and liabilities | 10/49 | €2,764,900 | €3,826,501 | +€1.1m | +38.4% |
| Equity | 10/15 | €886,219 | €865,166 | -€21,054 | -2.4% |
| Contributions | 10/11 | €1,445,230 | €1,445,230 | = | 0.0% |
| Capital | 10 | €1,445,230 | €1,445,230 | = | 0.0% |
| Issued capital | 100 | €1,445,230 | €1,445,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€559,011 | -€580,064 | -€21,054 | -3.8% |
| Amounts payable | 17/49 | €1,878,681 | €2,961,335 | +€1.1m | +57.6% |
| Amounts payable after more than one year | 17 | €740,064 | €582,817 | -€157,247 | -21.2% |
| Financial debts | 170/4 | €740,064 | €582,817 | -€157,247 | -21.2% |
| Amounts payable within one year | 42/48 | €1,138,617 | €2,378,518 | +€1.2m | +109% |
| Current portion of amounts payable after more than one year | 42 | €155,396 | €157,247 | +€1,851 | +1.2% |
| Trade debts | 44 | €796,614 | €1,485,929 | +€689,315 | +86.5% |
| Suppliers | 440/4 | €796,614 | €1,485,929 | +€689,315 | +86.5% |
| Taxes, remuneration and social security | 45 | €31,425 | €26,867 | -€4,558 | -14.5% |
| Taxes | 450/3 | €287 | €3,057 | +€2,769 | +964% |
| Remuneration and social security | 454/9 | €31,138 | €23,810 | -€7,327 | -23.5% |
| Other amounts payable | 47/48 | €155,182 | €708,475 | +€553,293 | +357% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €30,734 | €39,545 | +€8,812 | +28.7% |
| Remuneration, social security and pensions | 62 | €191,468 | €199,451 | +€7,982 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,086 | €181,668 | +€28,582 | +18.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €855 | €0 | -€855 | -100% |
| Other operating charges | 640/8 | €6,703 | €9,128 | +€2,425 | +36.2% |
| Non-recurring operating charges | 66A | - | €1,800 | +€1,800 | |
| Gross operating margin | 9900 | €315,754 | €416,195 | +€100,441 | +31.8% |
| Operating profit (loss) | 9901 | -€36,357 | €24,149 | +€60,506 | |
| Financial income | 75/76B | €1,253 | €46 | -€1,207 | -96.3% |
| Recurring financial income | 75 | €1,253 | €46 | -€1,207 | -96.3% |
| Financial charges | 65/66B | €57,929 | €45,261 | -€12,668 | -21.9% |
| Recurring financial charges | 65 | €57,929 | €45,261 | -€12,668 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€93,033 | -€21,066 | +€71,967 | +77.4% |
| Income taxes | 67/77 | €12 | -€12 | -€24 | |
| Profit (loss) for the period | 9904 | -€93,045 | -€21,054 | +€71,991 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,045 | -€21,054 | +€71,991 | +77.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.