TERRA DEL MARE: 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 DEL MARE
Largest movements
- Cash -€10,589
down €10,589 (-13.0%), from €81,452 to €70,863
mainly Tax, wage and social debts (-€31,869) and Investment in fixed assets (net) (-€20,725)
- Receivables within one year -€9,845
down €9,845 (-57.4%), from €17,152 to €7,307
of which Trade receivables: -€17,152
- Tangible fixed assets -€5,254
down €5,254 (-6.5%), from €81,301 to €76,047
of which Furniture and vehicles: -€8,119
- Tax, wage and social debts -€31,869
down €31,869 (-85.3%), from €37,368 to €5,499
- Profit (loss) carried forward +€20,811
up €20,811 (+18.5%), from €112,715 to €133,526
- Trade debts -€16,805
down €16,805 (-67.3%), from €24,968 to €8,163
- Other debts +€2,632
up €2,632 (+769%), from €342 to €2,974
- Depreciation +€4,916
up €4,916 (+23.3%), from €21,063 to €25,979
- Taxes -€2,357
down €2,357 (-36.9%), from €6,386 to €4,029
- Other operating charges +€1,549
up €1,549 (+50.0%), from €3,096 to €4,645
- Financial charges -€571
down €571 (-92.3%), from €618 to €48
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 | €181,393 | €157,574 | -€23,819 | -13.1% |
| Fixed assets | 21/28 | €81,301 | €76,047 | -€5,254 | -6.5% |
| Tangible fixed assets | 22/27 | €81,301 | €76,047 | -€5,254 | -6.5% |
| Land and buildings | 22 | €1,677 | €1,480 | -€198 | -11.8% |
| Plant, machinery and equipment | 23 | €49,325 | €53,631 | +€4,306 | +8.7% |
| Furniture and vehicles | 24 | €25,161 | €17,042 | -€8,119 | -32.3% |
| Other tangible fixed assets | 26 | €5,137 | €3,894 | -€1,243 | -24.2% |
| Current assets | 29/58 | €100,091 | €81,527 | -€18,564 | -18.5% |
| Stocks and contracts in progress | 3 | - | €1,241 | +€1,241 | |
| Stocks | 30/36 | - | €1,241 | +€1,241 | |
| Amounts receivable within one year | 40/41 | €17,152 | €7,307 | -€9,845 | -57.4% |
| Trade receivables | 40 | €17,152 | €0 | -€17,152 | -100% |
| Other amounts receivable | 41 | - | €7,307 | +€7,307 | |
| Cash at bank and in hand | 54/58 | €81,452 | €70,863 | -€10,589 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,488 | €2,116 | +€628 | +42.2% |
| Total equity and liabilities | 10/49 | €181,393 | €157,574 | -€23,819 | -13.1% |
| Equity | 10/15 | €118,715 | €139,526 | +€20,811 | +17.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,715 | €133,526 | +€20,811 | +18.5% |
| Amounts payable | 17/49 | €62,677 | €18,048 | -€44,629 | -71.2% |
| Amounts payable within one year | 42/48 | €62,677 | €16,636 | -€46,042 | -73.5% |
| Trade debts | 44 | €24,968 | €8,163 | -€16,805 | -67.3% |
| Suppliers | 440/4 | €24,968 | €8,163 | -€16,805 | -67.3% |
| Taxes, remuneration and social security | 45 | €37,368 | €5,499 | -€31,869 | -85.3% |
| Taxes | 450/3 | €37,368 | €5,499 | -€31,869 | -85.3% |
| Other amounts payable | 47/48 | €342 | €2,974 | +€2,632 | +769% |
| Accrued charges and deferred income | 492/3 | - | €1,412 | +€1,412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,063 | €25,979 | +€4,916 | +23.3% |
| Other operating charges | 640/8 | €3,096 | €4,645 | +€1,549 | +50.0% |
| Gross operating margin | 9900 | €55,974 | €55,442 | -€531 | -0.9% |
| Operating profit (loss) | 9901 | €31,815 | €24,819 | -€6,997 | -22.0% |
| Financial income | 75/76B | €0 | €69 | +€69 | +688,300% |
| Recurring financial income | 75 | €0 | €69 | +€69 | +688,300% |
| Financial charges | 65/66B | €618 | €48 | -€571 | -92.3% |
| Recurring financial charges | 65 | €618 | €48 | -€571 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €31,197 | €24,840 | -€6,357 | -20.4% |
| Income taxes | 67/77 | €6,386 | €4,029 | -€2,357 | -36.9% |
| Profit (loss) for the period | 9904 | €24,811 | €20,811 | -€4,000 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,811 | €20,811 | -€4,000 | -16.1% |
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 26 October 2026 via checked.be.