TERRA+: 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.
TERRA+
Largest movements
- Deferred charges and accrued income -€15,980
down €15,980 (-85.6%), from €18,664 to €2,684
- Tangible fixed assets +€6,267
up €6,267 (+39.8%), from €15,743 to €22,010
of which Other tangible fixed assets: +€11,486
- Intangible fixed assets -€1,028
down €1,028 (-19.8%), from €5,186 to €4,158
- Profit (loss) carried forward -€108,282
down €108,282 (-1110.5%), from -€9,750 to -€118,033
- Other debts +€101,216
up €101,216 (+490.8%), from €20,623 to €121,838
- Tax, wage and social debts -€4,543
down €4,543 (-32.0%), from €14,186 to €9,643
- Gross operating margin -€65,244
down €65,244 (-353.8%), from -€18,442 to -€83,686
- Provisions +€7,098
new in 2024: €7,098
- Depreciation +€6,327
up €6,327 (+120.1%), from €5,267 to €11,594
- Taxes -€3,003
down €3,003 (-92.9%), from €3,232 to €229
- Other operating charges +€1,958
up €1,958 (+80.2%), from €2,441 to €4,399
From the 2023 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,296 | €52,154 | -€11,141 | -17.6% |
| Fixed assets | 21/28 | €21,504 | €26,668 | +€5,164 | +24.0% |
| Intangible fixed assets | 21 | €5,186 | €4,158 | -€1,028 | -19.8% |
| Tangible fixed assets | 22/27 | €15,743 | €22,010 | +€6,267 | +39.8% |
| Plant, machinery and equipment | 23 | €5,388 | €2,970 | -€2,418 | -44.9% |
| Furniture and vehicles | 24 | €7,444 | €4,643 | -€2,801 | -37.6% |
| Other tangible fixed assets | 26 | €2,911 | €14,396 | +€11,486 | +394.6% |
| Financial fixed assets | 28 | €575 | €500 | -€75 | -13.0% |
| Current assets | 29/58 | €41,792 | €25,487 | -€16,305 | -39.0% |
| Amounts receivable within one year | 40/41 | €17,949 | €17,622 | -€326 | -1.8% |
| Trade receivables | 40 | €10,449 | €12,124 | +€1,675 | +16.0% |
| Other amounts receivable | 41 | €7,500 | €5,498 | -€2,001 | -26.7% |
| Cash at bank and in hand | 54/58 | €5,179 | €5,181 | +€2 | 0.0% |
| Deferred charges and accrued income | 490/1 | €18,664 | €2,684 | -€15,980 | -85.6% |
| Total equity and liabilities | 10/49 | €63,296 | €52,154 | -€11,141 | -17.6% |
| Equity | 10/15 | €5,250 | -€103,033 | -€108,282 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,750 | -€118,033 | -€108,282 | -1110.5% |
| Amounts payable | 17/49 | €58,046 | €155,187 | +€97,141 | +167.4% |
| Amounts payable within one year | 42/48 | €58,046 | €155,187 | +€97,141 | +167.4% |
| Trade debts | 44 | €22,409 | €22,877 | +€468 | +2.1% |
| Suppliers | 440/4 | €22,409 | €22,877 | +€468 | +2.1% |
| Advances received on contracts in progress | 46 | €829 | €829 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,186 | €9,643 | -€4,543 | -32.0% |
| Taxes | 450/3 | €14,186 | €9,643 | -€4,543 | -32.0% |
| Other amounts payable | 47/48 | €20,623 | €121,838 | +€101,216 | +490.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,267 | €11,594 | +€6,327 | +120.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,098 | +€7,098 | |
| Other operating charges | 640/8 | €2,441 | €4,399 | +€1,958 | +80.2% |
| Gross operating margin | 9900 | -€18,442 | -€83,686 | -€65,244 | -353.8% |
| Operating profit (loss) | 9901 | -€26,150 | -€106,778 | -€80,628 | -308.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +180.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +180.0% |
| Financial charges | 65/66B | €986 | €1,276 | +€290 | +29.4% |
| Recurring financial charges | 65 | €986 | €1,276 | +€290 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,136 | -€108,053 | -€80,918 | -298.2% |
| Income taxes | 67/77 | €3,232 | €229 | -€3,003 | -92.9% |
| Profit (loss) for the period | 9904 | -€30,368 | -€108,282 | -€77,915 | -256.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,368 | -€108,282 | -€77,915 | -256.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.