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
- Receivables within one year +€16,692
up €16,692 (+22.1%), from €75,568 to €92,260
of which Trade receivables: +€11,748
- Cash +€8,303
up €8,303 (+81.1%), from €10,235 to €18,539
mainly Trade debts (+€13,088) and Net result for the year (+€12,193)
- Tangible fixed assets +€2,645
up €2,645 (+38.2%), from €6,919 to €9,564
of which Furniture and vehicles: +€2,865
- Trade debts +€13,088
up €13,088 (+1227.1%), from €1,067 to €14,154
- Profit (loss) carried forward +€12,193
up €12,193 (+17.6%), from €69,145 to €81,337
- Other debts +€2,633
up €2,633 (+175.3%), from €1,502 to €4,135
- Gross operating margin +€3,365
up €3,365 (+18.4%), from €18,291 to €21,657
- Depreciation +€1,072
up €1,072 (+58.0%), from €1,849 to €2,921
- Other operating charges -€284
down €284 (-28.9%), from €982 to €698
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 | €93,378 | €121,800 | +€28,423 | +30.4% |
| Fixed assets | 21/28 | €6,919 | €9,564 | +€2,645 | +38.2% |
| Tangible fixed assets | 22/27 | €6,919 | €9,564 | +€2,645 | +38.2% |
| Plant, machinery and equipment | 23 | €1,116 | €1,373 | +€257 | +23.0% |
| Furniture and vehicles | 24 | €2,320 | €5,185 | +€2,865 | +123.5% |
| Other tangible fixed assets | 26 | €3,483 | €3,006 | -€477 | -13.7% |
| Current assets | 29/58 | €86,459 | €112,237 | +€25,778 | +29.8% |
| Amounts receivable within one year | 40/41 | €75,568 | €92,260 | +€16,692 | +22.1% |
| Trade receivables | 40 | €9,310 | €21,058 | +€11,748 | +126.2% |
| Other amounts receivable | 41 | €66,258 | €71,202 | +€4,944 | +7.5% |
| Current investments | 50/53 | €655 | €655 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,235 | €18,539 | +€8,303 | +81.1% |
| Deferred charges and accrued income | 490/1 | - | €783 | +€783 | |
| Total equity and liabilities | 10/49 | €93,378 | €121,800 | +€28,423 | +30.4% |
| Equity | 10/15 | €79,145 | €91,337 | +€12,193 | +15.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,145 | €81,337 | +€12,193 | +17.6% |
| Amounts payable | 17/49 | €14,233 | €30,463 | +€16,230 | +114.0% |
| Amounts payable within one year | 42/48 | €14,233 | €30,463 | +€16,230 | +114.0% |
| Trade debts | 44 | €1,067 | €14,154 | +€13,088 | +1227.1% |
| Suppliers | 440/4 | €1,067 | €14,154 | +€13,088 | +1227.1% |
| Taxes, remuneration and social security | 45 | €11,665 | €12,174 | +€509 | +4.4% |
| Taxes | 450/3 | €11,665 | €12,174 | +€509 | +4.4% |
| Other amounts payable | 47/48 | €1,502 | €4,135 | +€2,633 | +175.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €2,921 | +€1,072 | +58.0% |
| Other operating charges | 640/8 | €982 | €698 | -€284 | -28.9% |
| Gross operating margin | 9900 | €18,291 | €21,657 | +€3,365 | +18.4% |
| Operating profit (loss) | 9901 | €15,461 | €18,039 | +€2,578 | +16.7% |
| Financial charges | 65/66B | €181 | €222 | +€41 | +22.3% |
| Recurring financial charges | 65 | €181 | €222 | +€41 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €15,280 | €17,817 | +€2,537 | +16.6% |
| Income taxes | 67/77 | €5,455 | €5,624 | +€169 | +3.1% |
| Profit (loss) for the period | 9904 | €9,824 | €12,193 | +€2,368 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,824 | €12,193 | +€2,368 | +24.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.