TERRA-BEL: 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-BEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€211
down €211 (-28.8%), from €730 to €520
- Gross operating margin +€34
up €34 (+5.5%), from -€613 to -€579
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 | €602,936 | €602,949 | +€13 | 0.0% |
| Current assets | 29/58 | €602,936 | €602,949 | +€13 | 0.0% |
| Amounts receivable within one year | 40/41 | €602,934 | €602,934 | = | 0.0% |
| Trade receivables | 40 | €602,934 | €602,934 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2 | €15 | +€13 | +575% |
| Total equity and liabilities | 10/49 | €602,936 | €602,949 | +€13 | 0.0% |
| Equity | 10/15 | -€83,674 | -€84,797 | -€1,123 | -1.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,674 | -€249,797 | -€1,123 | -0.5% |
| Amounts payable | 17/49 | €686,611 | €687,747 | +€1,136 | +0.2% |
| Amounts payable within one year | 42/48 | €686,611 | €687,747 | +€1,136 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €588,365 | €588,365 | = | 0.0% |
| Trade debts | 44 | €1,579 | €913 | -€666 | -42.2% |
| Suppliers | 440/4 | €1,579 | €913 | -€666 | -42.2% |
| Other amounts payable | 47/48 | €96,666 | €98,468 | +€1,802 | +1.9% |
| Other operating charges | 640/8 | €730 | €520 | -€211 | -28.8% |
| Gross operating margin | 9900 | -€613 | -€579 | +€34 | +5.5% |
| Operating profit (loss) | 9901 | -€1,343 | -€1,099 | +€244 | +18.2% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,367 | -€1,123 | +€244 | +17.9% |
| Profit (loss) for the period | 9904 | -€1,367 | -€1,123 | +€244 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,367 | -€1,123 | +€244 | +17.9% |
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 17 October 2026 via checked.be.