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 -€14,093
down €14,093 (-13.7%), from €102,561 to €88,468
of which Furniture and vehicles: -€8,698
- Receivables within one year +€9,812
up €9,812 (+30500.4%), from €32 to €9,844
of which Trade receivables: +€9,844
- Stocks and contracts +€4,993
up €4,993 (+95.8%), from €5,211 to €10,204
- Tax, wage and social debts +€30,714
up €30,714 (+87.9%), from €34,935 to €65,650
of which Taxes: +€17,136
- Profit (loss) carried forward -€23,328
down €23,328 (-48.1%), from -€48,487 to -€71,815
- Trade debts +€19,823
up €19,823 (+35.0%), from €56,568 to €76,391
- Current portion of long-term debt -€13,995
down €13,995 (-66.0%), from €21,212 to €7,218
- Other debts -€13,269
down €13,269 (-32.6%), from €40,725 to €27,456
- Gross operating margin +€99,704
up €99,704 (+84.6%), from €117,873 to €217,577
- Staff costs +€91,130
up €91,130 (+75.5%), from €120,773 to €211,903
- Financial charges +€5,859
up €5,859 (+120.6%), from €4,857 to €10,716
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,232 | €121,398 | +€1,165 | +1.0% |
| Fixed assets | 21/28 | €105,802 | €91,510 | -€14,293 | -13.5% |
| Intangible fixed assets | 21 | €200 | €0 | -€200 | -100.0% |
| Tangible fixed assets | 22/27 | €102,561 | €88,468 | -€14,093 | -13.7% |
| Plant, machinery and equipment | 23 | €34,265 | €28,870 | -€5,395 | -15.7% |
| Furniture and vehicles | 24 | €68,296 | €59,599 | -€8,698 | -12.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,041 | €3,041 | = | 0.0% |
| Current assets | 29/58 | €14,430 | €29,888 | +€15,458 | +107.1% |
| Stocks and contracts in progress | 3 | €5,211 | €10,204 | +€4,993 | +95.8% |
| Stocks | 30/36 | €5,211 | €10,204 | +€4,993 | +95.8% |
| Amounts receivable within one year | 40/41 | €32 | €9,844 | +€9,812 | +30500.4% |
| Trade receivables | 40 | - | €9,844 | +€9,844 | |
| Other amounts receivable | 41 | €32 | €0 | -€32 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,187 | €9,760 | +€573 | +6.2% |
| Deferred charges and accrued income | 490/1 | €0 | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €120,232 | €121,398 | +€1,165 | +1.0% |
| Equity | 10/15 | -€40,427 | -€63,755 | -€23,328 | -57.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,487 | -€71,815 | -€23,328 | -48.1% |
| Amounts payable | 17/49 | €160,659 | €185,152 | +€24,493 | +15.2% |
| Amounts payable after more than one year | 17 | €7,218 | €0 | -€7,218 | -100.0% |
| Financial debts | 170/4 | €7,218 | €0 | -€7,218 | -100.0% |
| Amounts payable within one year | 42/48 | €153,441 | €176,715 | +€23,274 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €21,212 | €7,218 | -€13,995 | -66.0% |
| Trade debts | 44 | €56,568 | €76,391 | +€19,823 | +35.0% |
| Suppliers | 440/4 | €56,568 | €76,391 | +€19,823 | +35.0% |
| Taxes, remuneration and social security | 45 | €34,935 | €65,650 | +€30,714 | +87.9% |
| Taxes | 450/3 | €8,105 | €25,241 | +€17,136 | +211.4% |
| Remuneration and social security | 454/9 | €26,830 | €40,408 | +€13,578 | +50.6% |
| Other amounts payable | 47/48 | €40,725 | €27,456 | -€13,269 | -32.6% |
| Accrued charges and deferred income | 492/3 | €0 | €8,437 | +€8,437 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €120,773 | €211,903 | +€91,130 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,710 | €16,743 | +€1,032 | +6.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,320 | €1,225 | -€1,095 | -47.2% |
| Gross operating margin | 9900 | €117,873 | €217,577 | +€99,704 | +84.6% |
| Operating profit (loss) | 9901 | -€20,930 | -€12,293 | +€8,637 | +41.3% |
| Financial income | 75/76B | €175 | €116 | -€59 | -33.8% |
| Recurring financial income | 75 | €175 | €116 | -€59 | -33.8% |
| Financial charges | 65/66B | €4,857 | €10,716 | +€5,859 | +120.6% |
| Recurring financial charges | 65 | €4,857 | €10,716 | +€5,859 | +120.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,613 | -€22,894 | +€2,719 | +10.6% |
| Income taxes | 67/77 | €199 | €434 | +€235 | +117.9% |
| Profit (loss) for the period | 9904 | -€25,812 | -€23,328 | +€2,484 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,812 | -€23,328 | +€2,484 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.