Terra Distribution: 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 Distribution
Largest movements
- Tangible fixed assets -€235,577
down €235,577 (-75.2%), from €313,107 to €77,530
of which Land and buildings: -€240,936
- Stocks and contracts +€50,650
up €50,650 (+18.7%), from €271,225 to €321,874
- Cash -€50,617
down €50,617 (-30.1%), from €167,907 to €117,290
mainly Debts after one year (-€194,950) and Trade debts (-€83,878)
- Debts after one year -€194,950
down €194,950 (-73.0%), from €267,011 to €72,061
- Trade debts -€83,878
down €83,878 (-19.8%), from €424,665 to €340,787
- Profit (loss) carried forward +€43,779
up €43,779 (+26.7%), from €163,841 to €207,620
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Short-term financial debts +€15,000
up €15,000 (+17.6%), from €85,000 to €100,000
- Staff costs -€38,512
down €38,512 (-9.5%), from €404,982 to €366,470
- Gross operating margin -€31,761
down €31,761 (-6.2%), from €516,143 to €484,382
- Write-downs -€6,312
down €6,312 (-63.6%), from €9,922 to €3,610
- Financial charges +€5,975
up €5,975 (+27.0%), from €22,137 to €28,112
- Depreciation -€5,176
down €5,176 (-20.5%), from €25,306 to €20,130
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 | €1,165,285 | €906,102 | -€259,183 | -22.2% |
| Fixed assets | 21/28 | €315,451 | €78,666 | -€236,785 | -75.1% |
| Intangible fixed assets | 21 | €2,275 | €1,067 | -€1,208 | -53.1% |
| Tangible fixed assets | 22/27 | €313,107 | €77,530 | -€235,577 | -75.2% |
| Land and buildings | 22 | €246,486 | €5,550 | -€240,936 | -97.7% |
| Plant, machinery and equipment | 23 | €51,687 | €45,854 | -€5,833 | -11.3% |
| Furniture and vehicles | 24 | €12,532 | €14,285 | +€1,753 | +14.0% |
| Other tangible fixed assets | 26 | €2,402 | €11,841 | +€9,439 | +393% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €849,835 | €827,436 | -€22,398 | -2.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €49,761 | -€10,239 | -17.1% |
| Other amounts receivable | 291 | €60,000 | €49,761 | -€10,239 | -17.1% |
| Stocks and contracts in progress | 3 | €271,225 | €321,874 | +€50,650 | +18.7% |
| Stocks | 30/36 | €271,225 | €321,874 | +€50,650 | +18.7% |
| Amounts receivable within one year | 40/41 | €300,066 | €298,822 | -€1,244 | -0.4% |
| Trade receivables | 40 | €283,736 | €272,665 | -€11,071 | -3.9% |
| Other amounts receivable | 41 | €16,330 | €26,157 | +€9,827 | +60.2% |
| Cash at bank and in hand | 54/58 | €167,907 | €117,290 | -€50,617 | -30.1% |
| Deferred charges and accrued income | 490/1 | €50,637 | €39,689 | -€10,948 | -21.6% |
| Total equity and liabilities | 10/49 | €1,165,285 | €906,102 | -€259,183 | -22.2% |
| Equity | 10/15 | €257,051 | €300,830 | +€43,779 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,610 | €74,610 | = | 0.0% |
| Distributable reserves | 133 | €74,610 | €74,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,841 | €207,620 | +€43,779 | +26.7% |
| Amounts payable | 17/49 | €908,235 | €605,272 | -€302,962 | -33.4% |
| Amounts payable after more than one year | 17 | €267,011 | €72,061 | -€194,950 | -73.0% |
| Financial debts | 170/4 | €267,011 | €72,061 | -€194,950 | -73.0% |
| Amounts payable within one year | 42/48 | €626,836 | €526,923 | -€99,912 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €30,403 | €16,556 | -€13,847 | -45.5% |
| Financial debts | 43 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Credit institutions | 430/8 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Trade debts | 44 | €424,665 | €340,787 | -€83,878 | -19.8% |
| Suppliers | 440/4 | €424,665 | €340,787 | -€83,878 | -19.8% |
| Taxes, remuneration and social security | 45 | €66,768 | €69,581 | +€2,813 | +4.2% |
| Taxes | 450/3 | €21,715 | €28,749 | +€7,034 | +32.4% |
| Remuneration and social security | 454/9 | €45,053 | €40,832 | -€4,221 | -9.4% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Accrued charges and deferred income | 492/3 | €14,388 | €6,288 | -€8,100 | -56.3% |
| Non-recurring operating income | 76A | €3,788 | €43,142 | +€39,353 | +1,039% |
| Remuneration, social security and pensions | 62 | €404,982 | €366,470 | -€38,512 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,306 | €20,130 | -€5,176 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,922 | €3,610 | -€6,312 | -63.6% |
| Other operating charges | 640/8 | €7,593 | €8,420 | +€828 | +10.9% |
| Non-recurring operating charges | 66A | €3,818 | - | -€3,818 | |
| Gross operating margin | 9900 | €516,143 | €484,382 | -€31,761 | -6.2% |
| Operating profit (loss) | 9901 | €64,522 | €85,752 | +€21,230 | +32.9% |
| Financial income | 75/76B | €2,780 | €3,065 | +€284 | +10.2% |
| Recurring financial income | 75 | €2,780 | €3,065 | +€284 | +10.2% |
| Financial charges | 65/66B | €22,137 | €28,112 | +€5,975 | +27.0% |
| Recurring financial charges | 65 | €22,137 | €28,112 | +€5,975 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €45,166 | €60,705 | +€15,539 | +34.4% |
| Income taxes | 67/77 | €13,184 | €16,925 | +€3,741 | +28.4% |
| Profit (loss) for the period | 9904 | €31,981 | €43,779 | +€11,798 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,981 | €43,779 | +€11,798 | +36.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.