Terra Brugge: 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 Brugge
Largest movements
- Cash +€41,723
up €41,723 (+464%), from €8,982 to €50,706
- Stocks and contracts +€12,039
new in 2025: €12,039
- Financial fixed assets +€7,200
new in 2025: €7,200
- Receivables within one year +€4,495
up €4,495 (+2,705%), from €166 to €4,661
of which Trade receivables: +€4,633
- Tangible fixed assets +€2,901
up €2,901 (+349%), from €831 to €3,732
of which Plant, machinery and equipment: +€2,181
- Other debts +€21,438
up €21,438 (+112%), from €19,211 to €40,649
- Accrued charges and deferred income +€19,526
new in 2025: €19,526
- Trade debts +€14,854
up €14,854 (+538%), from €2,763 to €17,617
- Tax, wage and social debts +€14,531
up €14,531 (+59,653%), from €24 to €14,556
- Turnover +€74,692
new in 2025: €74,692
- Purchases and services +€63,793
new in 2025: €63,793
- Gross operating margin +€18,141
up €18,141, from -€7,242 to €10,899
- Financial charges +€9,219
up €9,219 (+114,953%), from €8 to €9,227
- Other operating charges -€4,528
down €4,528 (-85.6%), from €5,289 to €761
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,067 | €80,737 | +€70,670 | +702% |
| Fixed assets | 21/28 | €831 | €10,932 | +€10,101 | +1,215% |
| Tangible fixed assets | 22/27 | €831 | €3,732 | +€2,901 | +349% |
| Plant, machinery and equipment | 23 | - | €2,181 | +€2,181 | |
| Furniture and vehicles | 24 | €831 | €1,551 | +€720 | +86.6% |
| Financial fixed assets | 28 | - | €7,200 | +€7,200 | |
| Current assets | 29/58 | €9,236 | €69,805 | +€60,570 | +656% |
| Stocks and contracts in progress | 3 | - | €12,039 | +€12,039 | |
| Stocks | 30/36 | - | €12,039 | +€12,039 | |
| Amounts receivable within one year | 40/41 | €166 | €4,661 | +€4,495 | +2,705% |
| Trade receivables | 40 | - | €4,633 | +€4,633 | |
| Other amounts receivable | 41 | €166 | €28 | -€138 | -83.0% |
| Cash at bank and in hand | 54/58 | €8,982 | €50,706 | +€41,723 | +464% |
| Deferred charges and accrued income | 490/1 | €87 | €2,400 | +€2,313 | +2,651% |
| Total equity and liabilities | 10/49 | €10,067 | €80,737 | +€70,670 | +702% |
| Equity | 10/15 | -€11,931 | -€11,610 | +€321 | +2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,931 | -€12,610 | +€321 | +2.5% |
| Amounts payable | 17/49 | €21,998 | €92,347 | +€70,350 | +320% |
| Amounts payable within one year | 42/48 | €21,998 | €72,821 | +€50,824 | +231% |
| Trade debts | 44 | €2,763 | €17,617 | +€14,854 | +538% |
| Suppliers | 440/4 | €2,763 | €17,617 | +€14,854 | +538% |
| Taxes, remuneration and social security | 45 | €24 | €14,556 | +€14,531 | +59,653% |
| Taxes | 450/3 | €24 | €14,556 | +€14,531 | +59,653% |
| Other amounts payable | 47/48 | €19,211 | €40,649 | +€21,438 | +112% |
| Accrued charges and deferred income | 492/3 | - | €19,526 | +€19,526 | |
| Turnover | 70 | - | €74,692 | +€74,692 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €63,793 | +€63,793 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €590 | +€198 | +50.6% |
| Other operating charges | 640/8 | €5,289 | €761 | -€4,528 | -85.6% |
| Gross operating margin | 9900 | -€7,242 | €10,899 | +€18,141 | |
| Operating profit (loss) | 9901 | -€12,923 | €9,548 | +€22,471 | |
| Financial charges | 65/66B | €8 | €9,227 | +€9,219 | +114,953% |
| Recurring financial charges | 65 | €8 | €9,227 | +€9,219 | +114,953% |
| Profit (loss) for the period before taxes | 9903 | -€12,931 | €321 | +€13,251 | |
| Profit (loss) for the period | 9904 | -€12,931 | €321 | +€13,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,931 | €321 | +€13,251 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.