TERRA COSA: 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 COSA
Largest movements
- Tangible fixed assets +€316,266
up €316,266 (+316%), from €100,205 to €416,472
of which Assets under construction and advance payments: +€347,003
- Stocks and contracts +€114,362
up €114,362 (+70.0%), from €163,262 to €277,624
- Receivables within one year -€102,156
down €102,156 (-9.1%), from €1.1m to €1.0m
of which Trade receivables: -€215,333
- Trade debts +€554,809
up €554,809 (+52.4%), from €1.1m to €1.6m
- Other debts -€231,453
down €231,453 (-93.4%), from €247,911 to €16,458
- Gross operating margin +€103,396
up €103,396 (+309%), from €33,436 to €136,832
- Other operating charges +€98,010
up €98,010 (+1,172%), from €8,363 to €106,373
- Financial income -€4,698
down €4,698 (-20.2%), from €23,302 to €18,603
- Depreciation +€3,243
up €3,243 (+9.2%), from €35,114 to €38,356
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 | €1,384,373 | €1,716,135 | +€331,762 | +24.0% |
| Fixed assets | 21/28 | €100,205 | €419,222 | +€319,016 | +318% |
| Tangible fixed assets | 22/27 | €100,205 | €416,472 | +€316,266 | +316% |
| Land and buildings | 22 | €46,942 | €25,194 | -€21,748 | -46.3% |
| Plant, machinery and equipment | 23 | €53,263 | €44,275 | -€8,988 | -16.9% |
| Assets under construction and advance payments | 27 | - | €347,003 | +€347,003 | |
| Financial fixed assets | 28 | - | €2,750 | +€2,750 | |
| Current assets | 29/58 | €1,284,168 | €1,296,913 | +€12,745 | +1.0% |
| Stocks and contracts in progress | 3 | €163,262 | €277,624 | +€114,362 | +70.0% |
| Stocks | 30/36 | €163,262 | €277,624 | +€114,362 | +70.0% |
| Amounts receivable within one year | 40/41 | €1,120,906 | €1,018,750 | -€102,156 | -9.1% |
| Trade receivables | 40 | €436,754 | €221,420 | -€215,333 | -49.3% |
| Other amounts receivable | 41 | €684,152 | €797,330 | +€113,177 | +16.5% |
| Cash at bank and in hand | 54/58 | - | €539 | +€539 | |
| Total equity and liabilities | 10/49 | €1,384,373 | €1,716,135 | +€331,762 | +24.0% |
| Equity | 10/15 | €72,787 | €78,930 | +€6,143 | +8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €11,287 | €17,430 | +€6,143 | +54.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €5,137 | €11,280 | +€6,143 | +120% |
| Amounts payable | 17/49 | €1,311,586 | €1,637,205 | +€325,619 | +24.8% |
| Amounts payable within one year | 42/48 | €1,311,586 | €1,637,205 | +€325,619 | +24.8% |
| Trade debts | 44 | €1,058,481 | €1,613,290 | +€554,809 | +52.4% |
| Suppliers | 440/4 | €1,058,481 | €1,613,290 | +€554,809 | +52.4% |
| Taxes, remuneration and social security | 45 | €5,194 | €7,457 | +€2,263 | +43.6% |
| Taxes | 450/3 | €5,194 | €7,457 | +€2,263 | +43.6% |
| Other amounts payable | 47/48 | €247,911 | €16,458 | -€231,453 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,114 | €38,356 | +€3,243 | +9.2% |
| Other operating charges | 640/8 | €8,363 | €106,373 | +€98,010 | +1,172% |
| Gross operating margin | 9900 | €33,436 | €136,832 | +€103,396 | +309% |
| Operating profit (loss) | 9901 | -€10,041 | -€7,898 | +€2,143 | +21.3% |
| Financial income | 75/76B | €23,302 | €18,603 | -€4,698 | -20.2% |
| Recurring financial income | 75 | €23,302 | €18,603 | -€4,698 | -20.2% |
| Financial charges | 65/66B | €1,129 | €2,299 | +€1,170 | +104% |
| Recurring financial charges | 65 | €1,129 | €2,299 | +€1,170 | +104% |
| Profit (loss) for the period before taxes | 9903 | €12,132 | €8,406 | -€3,725 | -30.7% |
| Income taxes | 67/77 | €3,108 | €2,263 | -€844 | -27.2% |
| Profit (loss) for the period | 9904 | €9,024 | €6,143 | -€2,881 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,024 | €6,143 | -€2,881 | -31.9% |
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 18 October 2026 via checked.be.