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 -€228,982
no longer reported in 2025 (was €228,982)
- Receivables after one year +€90,000
up €90,000 (+90.0%), from €100,000 to €190,000
- Cash +€6,642
up €6,642 (+577.6%), from €1,150 to €7,793
mainly Investment in fixed assets (net) (+€228,982) and Other debts (+€26,033)
- Debts after one year -€126,678
no longer reported in 2025 (was €126,678)
- Current portion of long-term debt -€26,398
down €26,398 (-80.3%), from €32,875 to €6,477
- Other debts +€26,033
up €26,033 (+71.6%), from €36,370 to €62,403
- Profit (loss) carried forward -€5,769
new in 2025: -€5,769
- Gross operating margin -€71,691
down €71,691 (-99.2%), from €72,303 to €613
- Financial charges -€18,413
down €18,413 (-74.3%), from €24,776 to €6,363
- Taxes -€8,331
no longer reported in 2025 (was €8,331)
- Depreciation -€5,631
no longer reported in 2025 (was €5,631)
- Other operating charges -€3,911
down €3,911 (-99.5%), from €3,929 to €18
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 | €330,801 | €197,793 | -€133,008 | -40.2% |
| Fixed assets | 21/28 | €228,982 | - | -€228,982 | |
| Tangible fixed assets | 22/27 | €228,982 | - | -€228,982 | |
| Land and buildings | 22 | €228,982 | - | -€228,982 | |
| Current assets | 29/58 | €101,819 | €197,793 | +€95,974 | +94.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €190,000 | +€90,000 | +90.0% |
| Other amounts receivable | 291 | €100,000 | €190,000 | +€90,000 | +90.0% |
| Amounts receivable within one year | 40/41 | €669 | - | -€669 | |
| Other amounts receivable | 41 | €669 | - | -€669 | |
| Cash at bank and in hand | 54/58 | €1,150 | €7,793 | +€6,642 | +577.6% |
| Total equity and liabilities | 10/49 | €330,801 | €197,793 | -€133,008 | -40.2% |
| Equity | 10/15 | €134,682 | €128,913 | -€5,769 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €128,482 | €128,482 | = | 0.0% |
| Distributable reserves | 133 | €128,482 | €128,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,769 | -€5,769 | |
| Amounts payable | 17/49 | €196,119 | €68,880 | -€127,239 | -64.9% |
| Amounts payable after more than one year | 17 | €126,678 | - | -€126,678 | |
| Financial debts | 170/4 | €126,678 | - | -€126,678 | |
| Amounts payable within one year | 42/48 | €69,440 | €68,880 | -€561 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €32,875 | €6,477 | -€26,398 | -80.3% |
| Trade debts | 44 | €196 | - | -€196 | |
| Suppliers | 440/4 | €196 | - | -€196 | |
| Other amounts payable | 47/48 | €36,370 | €62,403 | +€26,033 | +71.6% |
| Non-recurring operating income | 76A | - | €24,018 | +€24,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,631 | - | -€5,631 | |
| Other operating charges | 640/8 | €3,929 | €18 | -€3,911 | -99.5% |
| Gross operating margin | 9900 | €72,303 | €613 | -€71,691 | -99.2% |
| Operating profit (loss) | 9901 | €62,743 | €594 | -€62,148 | -99.1% |
| Financial charges | 65/66B | €24,776 | €6,363 | -€18,413 | -74.3% |
| Recurring financial charges | 65 | €24,776 | €6,363 | -€18,413 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €37,967 | -€5,769 | -€43,736 | |
| Income taxes | 67/77 | €8,331 | - | -€8,331 | |
| Profit (loss) for the period | 9904 | €29,635 | -€5,769 | -€35,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,635 | -€5,769 | -€35,404 |
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 3 October 2026 via checked.be.