TERRA: what changed
Two fiscal 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.
TERRA
Largest movements
- Tangible fixed assets -€11,598
down €11,598 (-5.9%), from €196,844 to €185,246
of which Land and buildings: -€7,849
- Debts after one year -€10,157
down €10,157 (-21.1%), from €48,132 to €37,976
- Gross operating margin -€1,842
down €1,842 (-6.8%), from €27,227 to €25,386
- Depreciation +€483
up €483 (+2.5%), from €19,715 to €20,198
- Other operating charges +€482
up €482 (+12.7%), from €3,793 to €4,275
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 | €208,575 | €198,560 | -€10,016 | -4.8% |
| Fixed assets | 21/28 | €196,844 | €185,246 | -€11,598 | -5.9% |
| Tangible fixed assets | 22/27 | €196,844 | €185,246 | -€11,598 | -5.9% |
| Land and buildings | 22 | €126,283 | €118,433 | -€7,849 | -6.2% |
| Plant, machinery and equipment | 23 | €70,562 | €66,813 | -€3,749 | -5.3% |
| Current assets | 29/58 | €11,731 | €13,314 | +€1,583 | +13.5% |
| Current investments | 50/53 | €7,000 | €7,051 | +€51 | +0.7% |
| Cash at bank and in hand | 54/58 | €4,731 | €6,262 | +€1,531 | +32.4% |
| Total equity and liabilities | 10/49 | €208,575 | €198,560 | -€10,016 | -4.8% |
| Equity | 10/15 | €133,697 | €133,592 | -€105 | -0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Other | 1319 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,500 | €65,394 | -€105 | -0.2% |
| Amounts payable | 17/49 | €74,878 | €64,968 | -€9,910 | -13.2% |
| Amounts payable after more than one year | 17 | €48,132 | €37,976 | -€10,157 | -21.1% |
| Financial debts | 170/4 | €48,132 | €37,976 | -€10,157 | -21.1% |
| Amounts payable within one year | 42/48 | €26,746 | €26,992 | +€246 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €9,971 | €10,157 | +€186 | +1.9% |
| Taxes, remuneration and social security | 45 | €1,472 | €1,487 | +€15 | +1.0% |
| Taxes | 450/3 | €1,472 | €1,487 | +€15 | +1.0% |
| Other amounts payable | 47/48 | €15,303 | €15,349 | +€46 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,715 | €20,198 | +€483 | +2.5% |
| Other operating charges | 640/8 | €3,793 | €4,275 | +€482 | +12.7% |
| Gross operating margin | 9900 | €27,227 | €25,386 | -€1,842 | -6.8% |
| Operating profit (loss) | 9901 | €3,719 | €912 | -€2,807 | -75.5% |
| Financial income | 75/76B | - | €69 | +€69 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Financial charges | 65/66B | €1,251 | €1,069 | -€183 | -14.6% |
| Recurring financial charges | 65 | €1,251 | €1,069 | -€183 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | -€87 | -€2,555 | |
| Income taxes | 67/77 | - | €18 | +€18 | |
| Profit (loss) for the period | 9904 | €2,468 | -€105 | -€2,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,468 | -€105 | -€2,573 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.