TERR-AH: 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.
TERR-AH
Largest movements
- Current investments -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Receivables within one year +€294,781
up €294,781 (+6,923%), from €4,258 to €299,039
of which Other amounts receivable: +€296,106
- Cash +€215,418
up €215,418 (+127%), from €168,998 to €384,416
mainly Current investments (+€1.1m) and Net result for the year (+€6,721)
- Other debts -€536,496
down €536,496 (-99.4%), from €539,809 to €3,314
- Financial income +€9,283
up €9,283 (+91.1%), from €10,194 to €19,477
- Gross operating margin -€2,948
down €2,948 (-209%), from -€1,410 to -€4,358
- Taxes +€2,789
up €2,789 (+2,230%), from €125 to €2,914
- Financial charges -€2,179
down €2,179 (-30.6%), from €7,119 to €4,940
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 | €1,228,742 | €690,074 | -€538,668 | -43.8% |
| Current assets | 29/58 | €1,228,742 | €690,074 | -€538,668 | -43.8% |
| Amounts receivable within one year | 40/41 | €4,258 | €299,039 | +€294,781 | +6,923% |
| Trade receivables | 40 | €1,325 | €0 | -€1,325 | -100% |
| Other amounts receivable | 41 | €2,933 | €299,039 | +€296,106 | +10,096% |
| Current investments | 50/53 | €1,050,000 | €0 | -€1.1m | -100% |
| Cash at bank and in hand | 54/58 | €168,998 | €384,416 | +€215,418 | +127% |
| Deferred charges and accrued income | 490/1 | €5,486 | €6,619 | +€1,133 | +20.6% |
| Total equity and liabilities | 10/49 | €1,228,742 | €690,074 | -€538,668 | -43.8% |
| Equity | 10/15 | €681,161 | €686,216 | +€5,055 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €662,561 | €667,616 | +€5,055 | +0.8% |
| Distributable reserves | 133 | €662,561 | €667,616 | +€5,055 | +0.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €547,581 | €3,858 | -€543,723 | -99.3% |
| Amounts payable within one year | 42/48 | €540,197 | €3,858 | -€536,338 | -99.3% |
| Trade debts | 44 | €387 | €545 | +€157 | +40.6% |
| Suppliers | 440/4 | €387 | €545 | +€157 | +40.6% |
| Other amounts payable | 47/48 | €539,809 | €3,314 | -€536,496 | -99.4% |
| Accrued charges and deferred income | 492/3 | €7,385 | €0 | -€7,385 | -100% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€1,410 | -€4,358 | -€2,948 | -209% |
| Operating profit (loss) | 9901 | -€1,938 | -€4,901 | -€2,963 | -153% |
| Financial income | 75/76B | €10,194 | €19,477 | +€9,283 | +91.1% |
| Recurring financial income | 75 | €10,194 | €19,477 | +€9,283 | +91.1% |
| Financial charges | 65/66B | €7,119 | €4,940 | -€2,179 | -30.6% |
| Recurring financial charges | 65 | €7,119 | €4,940 | -€2,179 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €1,137 | €9,635 | +€8,499 | +748% |
| Income taxes | 67/77 | €125 | €2,914 | +€2,789 | +2,230% |
| Profit (loss) for the period | 9904 | €1,012 | €6,721 | +€5,709 | +564% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012 | €6,721 | +€5,709 | +564% |
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 25 October 2026 via checked.be.