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.
What changed
TERRA
NACE 33.120, Repair and maintenance of machinery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,258
2024 · €16,574+€13,684
Equity
€294,703
2024 · €264,445+€30,258
Cash
€156,597
2024 · €102,454+€54,143
Balance sheet total
€12.1m
2024 · €8.2m+€4.0m
Largest movements
Assets
- Receivables after one year +€4.4m
up €4.4m (+85.9%), from €5.2m to €9.6m
- Receivables within one year -€705,676
down €705,676 (-90.6%), from €778,779 to €73,103
of which Other amounts receivable: -€717,476
Equity and liabilities
- Debts after one year +€3.3m
up €3.3m (+70.7%), from €4.6m to €7.9m
- Other debts +€529,000
up €529,000 (+31.5%), from €1.7m to €2.2m
- Accrued charges and deferred income +€173,420
up €173,420 (+120%), from €144,078 to €317,497
Income statement
- Financial income +€173,706
up €173,706 (+126%), from €137,827 to €311,533
- Financial charges +€137,660
up €137,660 (+125%), from €110,466 to €248,126
- Gross operating margin -€10,085
down €10,085 (-33.2%), from €30,366 to €20,281
- Depreciation +€7,619
up €7,619 (+25.8%), from €29,569 to €37,187
- Taxes +€4,872
up €4,872 (+92.8%), from €5,248 to €10,120
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.
Result 2024
€16,574
Gross operating margin
-€10,085
Depreciation
-€7,619
Other operating charges
+€213
Financial income
+€173,706
Financial charges
-€137,660
Taxes
-€4,872
Result 2025
€30,258
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€3.1m
Investment
-€102,737
Financing
+€3.3m
Cash 2024
€102,454
From operations (derived)
-€3.1m
Net result for the year
+€30,258
Depreciation
+€37,187
Receivables after one year
-€4.4m
Receivables within one year
+€705,676
Deferred charges and accrued income
-€120,389
Trade debts
-€42,730
Tax, wage and social debts
+€4,985
Other debts
+€529,000
Accrued charges and deferred income
+€173,420
Investment (derived)
-€102,737
Investment in fixed assets (net)
-€102,737
Financing
+€3.3m
Debts after one year
+€3.3m
Current portion of long-term debt
+€1,265
Cash 2025
€156,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,160,386 | €12,127,107 | +€4.0m | +48.6% |
| Fixed assets | 21/28 | €1,926,280 | €1,991,830 | +€65,550 | +3.4% |
| Tangible fixed assets | 22/27 | €918,780 | €889,870 | -€28,910 | -3.1% |
| Land and buildings | 22 | €758,731 | €746,527 | -€12,204 | -1.6% |
| Plant, machinery and equipment | 23 | €158,303 | €142,710 | -€15,593 | -9.9% |
| Furniture and vehicles | 24 | €1,746 | €634 | -€1,112 | -63.7% |
| Financial fixed assets | 28 | €1,007,500 | €1,101,960 | +€94,460 | +9.4% |
| Current assets | 29/58 | €6,234,106 | €10,135,277 | +€3.9m | +62.6% |
| Amounts receivable after more than one year | 29 | €5,158,814 | €9,591,129 | +€4.4m | +85.9% |
| Other amounts receivable | 291 | €5,158,814 | €9,591,129 | +€4.4m | +85.9% |
| Amounts receivable within one year | 40/41 | €778,779 | €73,103 | -€705,676 | -90.6% |
| Trade receivables | 40 | €40,105 | €51,905 | +€11,800 | +29.4% |
| Other amounts receivable | 41 | €738,674 | €21,198 | -€717,476 | -97.1% |
| Cash at bank and in hand | 54/58 | €102,454 | €156,597 | +€54,143 | +52.8% |
| Deferred charges and accrued income | 490/1 | €194,060 | €314,449 | +€120,389 | +62.0% |
| Total equity and liabilities | 10/49 | €8,160,386 | €12,127,107 | +€4.0m | +48.6% |
| Equity | 10/15 | €264,445 | €294,703 | +€30,258 | +11.4% |
| Contributions | 10/11 | €100,800 | €100,800 | = | 0.0% |
| Reserves | 13 | €163,645 | €193,903 | +€30,258 | +18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €163,645 | €193,903 | +€30,258 | +18.5% |
| Provisions and deferred taxes | 16 | €1,331,742 | €1,331,742 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,331,742 | €1,331,742 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,331,742 | €1,331,742 | = | 0.0% |
| Amounts payable | 17/49 | €6,564,199 | €10,500,662 | +€3.9m | +60.0% |
| Amounts payable after more than one year | 17 | €4,626,059 | €7,896,582 | +€3.3m | +70.7% |
| Financial debts | 170/4 | €4,626,059 | €7,896,582 | +€3.3m | +70.7% |
| Amounts payable within one year | 42/48 | €1,794,062 | €2,286,583 | +€492,521 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €55,653 | €56,918 | +€1,265 | +2.3% |
| Trade debts | 44 | €55,139 | €12,409 | -€42,730 | -77.5% |
| Suppliers | 440/4 | €55,139 | €12,409 | -€42,730 | -77.5% |
| Taxes, remuneration and social security | 45 | €3,270 | €8,256 | +€4,985 | +152% |
| Taxes | 450/3 | €3,270 | €120 | -€3,150 | -96.3% |
| Remuneration and social security | 454/9 | - | €8,135 | +€8,135 | |
| Other amounts payable | 47/48 | €1,680,000 | €2,209,000 | +€529,000 | +31.5% |
| Accrued charges and deferred income | 492/3 | €144,078 | €317,497 | +€173,420 | +120% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,569 | €37,187 | +€7,619 | +25.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,335 | €6,123 | -€213 | -3.4% |
| Gross operating margin | 9900 | €30,366 | €20,281 | -€10,085 | -33.2% |
| Operating profit (loss) | 9901 | -€5,538 | -€23,029 | -€17,490 | -316% |
| Financial income | 75/76B | €137,827 | €311,533 | +€173,706 | +126% |
| Recurring financial income | 75 | €137,827 | €311,533 | +€173,706 | +126% |
| Financial charges | 65/66B | €110,466 | €248,126 | +€137,660 | +125% |
| Recurring financial charges | 65 | €110,466 | €248,126 | +€137,660 | +125% |
| Profit (loss) for the period before taxes | 9903 | €21,822 | €40,379 | +€18,556 | +85.0% |
| Income taxes | 67/77 | €5,248 | €10,120 | +€4,872 | +92.8% |
| Profit (loss) for the period | 9904 | €16,574 | €30,258 | +€13,684 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,574 | €30,258 | +€13,684 | +82.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.