TERRA B.S.: 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 B.S.
Largest movements
- Tangible fixed assets -€22,260
down €22,260 (-12.7%), from €175,327 to €153,067
of which Plant, machinery and equipment: -€175,327
- Cash +€11,019
up €11,019 (+133%), from €8,292 to €19,312
mainly Depreciation (+€22,260) and Net result for the year (+€16,042)
- Receivables within one year -€8,981
down €8,981 (-42.5%), from €21,150 to €12,169
of which Other amounts receivable: -€4,642
- Debts after one year -€29,634
down €29,634 (-24.9%), from €119,024 to €89,389
- Profit (loss) carried forward +€16,042
up €16,042 (+166%), from €9,659 to €25,700
- Trade debts -€9,747
down €9,747 (-66.0%), from €14,773 to €5,026
- Other debts +€8,660
up €8,660 (+58.8%), from €14,740 to €23,400
- Current portion of long-term debt -€3,326
down €3,326 (-10.1%), from €32,960 to €29,634
- Turnover -€49,044
no longer reported in 2025 (was €49,044)
- Gross operating margin +€38,066
up €38,066 (+89.2%), from €42,667 to €80,733
- Staff costs +€37,952
new in 2025: €37,952
- Purchases and services -€6,377
no longer reported in 2025 (was €6,377)
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 | €204,769 | €184,548 | -€20,221 | -9.9% |
| Fixed assets | 21/28 | €175,327 | €153,067 | -€22,260 | -12.7% |
| Tangible fixed assets | 22/27 | €175,327 | €153,067 | -€22,260 | -12.7% |
| Plant, machinery and equipment | 23 | €175,327 | - | -€175,327 | |
| Furniture and vehicles | 24 | - | €153,067 | +€153,067 | |
| Current assets | 29/58 | €29,443 | €31,481 | +€2,039 | +6.9% |
| Amounts receivable within one year | 40/41 | €21,150 | €12,169 | -€8,981 | -42.5% |
| Trade receivables | 40 | €9,150 | €4,811 | -€4,339 | -47.4% |
| Other amounts receivable | 41 | €12,000 | €7,358 | -€4,642 | -38.7% |
| Cash at bank and in hand | 54/58 | €8,292 | €19,312 | +€11,019 | +133% |
| Total equity and liabilities | 10/49 | €204,769 | €184,548 | -€20,221 | -9.9% |
| Equity | 10/15 | €19,659 | €35,700 | +€16,042 | +81.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €9,659 | €25,700 | +€16,042 | +166% |
| Amounts payable | 17/49 | €185,111 | €148,848 | -€36,263 | -19.6% |
| Amounts payable after more than one year | 17 | €119,024 | €89,389 | -€29,634 | -24.9% |
| Financial debts | 170/4 | €119,024 | €89,389 | -€29,634 | -24.9% |
| Amounts payable within one year | 42/48 | €63,898 | €59,459 | -€4,440 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €32,960 | €29,634 | -€3,326 | -10.1% |
| Trade debts | 44 | €14,773 | €5,026 | -€9,747 | -66.0% |
| Suppliers | 440/4 | €14,773 | €5,026 | -€9,747 | -66.0% |
| Taxes, remuneration and social security | 45 | €1,426 | €1,398 | -€27 | -1.9% |
| Taxes | 450/3 | €1,426 | €173 | -€1,253 | -87.9% |
| Remuneration and social security | 454/9 | - | €1,226 | +€1,226 | |
| Other amounts payable | 47/48 | €14,740 | €23,400 | +€8,660 | +58.8% |
| Accrued charges and deferred income | 492/3 | €2,189 | - | -€2,189 | |
| Turnover | 70 | €49,044 | - | -€49,044 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,377 | - | -€6,377 | |
| Remuneration, social security and pensions | 62 | - | €37,952 | +€37,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,260 | €22,260 | = | 0.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €42,667 | €80,733 | +€38,066 | +89.2% |
| Operating profit (loss) | 9901 | €20,407 | €20,134 | -€273 | -1.3% |
| Financial charges | 65/66B | €3,575 | €4,093 | +€518 | +14.5% |
| Recurring financial charges | 65 | €3,575 | €4,093 | +€518 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €16,833 | €16,042 | -€791 | -4.7% |
| Profit (loss) for the period | 9904 | €16,833 | €16,042 | -€791 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,833 | €16,042 | -€791 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.