Terra 4: 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 4
Largest movements
- Receivables within one year -€117,789
down €117,789 (-12.4%), from €951,189 to €833,401
of which Other amounts receivable: -€117,992
- Stocks and contracts -€30,386
down €30,386 (-1.8%), from €1.7m to €1.7m
- Profit (loss) carried forward -€104,009
down €104,009 (-27.3%), from -€381,227 to -€485,237
- Other debts -€59,155
down €59,155 (-2.3%), from €2.6m to €2.5m
- Accrued charges and deferred income +€38,122
up €38,122 (+87.3%), from €43,658 to €81,780
- Other operating charges +€53,755
up €53,755 (+550%), from €9,772 to €63,528
- Gross operating margin +€47,112
up €47,112, from -€5,672 to €41,439
- Financial charges -€5,544
down €5,544 (-6.3%), from €87,465 to €81,921
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,686,428 | €2,557,201 | -€129,227 | -4.8% |
| Current assets | 29/58 | €2,686,428 | €2,557,201 | -€129,227 | -4.8% |
| Stocks and contracts in progress | 3 | €1,730,697 | €1,700,311 | -€30,386 | -1.8% |
| Stocks | 30/36 | €1,730,697 | €1,700,311 | -€30,386 | -1.8% |
| Amounts receivable within one year | 40/41 | €951,189 | €833,401 | -€117,789 | -12.4% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €951,189 | €833,197 | -€117,992 | -12.4% |
| Cash at bank and in hand | 54/58 | €4,265 | €23,218 | +€18,954 | +444% |
| Deferred charges and accrued income | 490/1 | €278 | €272 | -€6 | -2.1% |
| Total equity and liabilities | 10/49 | €2,686,428 | €2,557,201 | -€129,227 | -4.8% |
| Equity | 10/15 | €65,474 | -€38,536 | -€104,009 | |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €6,701 | €6,701 | = | 0.0% |
| Distributable reserves | 133 | €6,701 | €6,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€381,227 | -€485,237 | -€104,009 | -27.3% |
| Amounts payable | 17/49 | €2,620,955 | €2,595,737 | -€25,218 | -1.0% |
| Amounts payable within one year | 42/48 | €2,577,297 | €2,513,957 | -€63,340 | -2.5% |
| Trade debts | 44 | €4,893 | €708 | -€4,185 | -85.5% |
| Suppliers | 440/4 | €4,893 | €708 | -€4,185 | -85.5% |
| Other amounts payable | 47/48 | €2,572,404 | €2,513,249 | -€59,155 | -2.3% |
| Accrued charges and deferred income | 492/3 | €43,658 | €81,780 | +€38,122 | +87.3% |
| Non-recurring operating income | 76A | - | €35,270 | +€35,270 | |
| Other operating charges | 640/8 | €9,772 | €63,528 | +€53,755 | +550% |
| Gross operating margin | 9900 | -€5,672 | €41,439 | +€47,112 | |
| Operating profit (loss) | 9901 | -€15,444 | -€22,088 | -€6,644 | -43.0% |
| Financial charges | 65/66B | €87,465 | €81,921 | -€5,544 | -6.3% |
| Recurring financial charges | 65 | €87,465 | €81,921 | -€5,544 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€102,909 | -€104,009 | -€1,100 | -1.1% |
| Profit (loss) for the period | 9904 | -€102,909 | -€104,009 | -€1,100 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,909 | -€104,009 | -€1,100 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.