Terra Energy: 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 Energy
Largest movements
- Receivables within one year -€43,224
down €43,224 (-36.7%), from €117,902 to €74,679
- Tangible fixed assets -€16,925
down €16,925 (-25.7%), from €65,845 to €48,920
of which Furniture and vehicles: -€14,777
- Cash -€4,926
down €4,926 (-19.6%), from €25,181 to €20,255
mainly Debts after one year (-€82,487) and Tax, wage and social debts (-€16,066)
- Debts after one year -€82,487
down €82,487 (-78.3%), from €105,360 to €22,873
- Profit (loss) carried forward +€23,034
up €23,034 (+5.2%), from -€445,483 to -€422,449
- Tax, wage and social debts -€16,066
down €16,066 (-46.0%), from €34,910 to €18,844
of which Remuneration and social security: -€8,504
- Trade debts +€10,226
up €10,226 (+20.4%), from €50,157 to €60,383
- Current portion of long-term debt +€3,141
up €3,141 (+76.8%), from €4,089 to €7,230
- Gross operating margin +€47,294
up €47,294 (+25.4%), from €186,261 to €233,555
- Staff costs +€25,657
up €25,657 (+15.9%), from €161,698 to €187,355
- Depreciation +€4,178
up €4,178 (+32.8%), from €12,748 to €16,926
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 | €216,930 | €151,880 | -€65,050 | -30.0% |
| Fixed assets | 21/28 | €68,208 | €51,283 | -€16,925 | -24.8% |
| Tangible fixed assets | 22/27 | €65,845 | €48,920 | -€16,925 | -25.7% |
| Plant, machinery and equipment | 23 | €12,353 | €10,205 | -€2,148 | -17.4% |
| Furniture and vehicles | 24 | €53,492 | €38,715 | -€14,777 | -27.6% |
| Financial fixed assets | 28 | €2,363 | €2,363 | -€0 | 0.0% |
| Current assets | 29/58 | €148,722 | €100,598 | -€48,124 | -32.4% |
| Amounts receivable within one year | 40/41 | €117,902 | €74,679 | -€43,224 | -36.7% |
| Trade receivables | 40 | €117,902 | €74,679 | -€43,224 | -36.7% |
| Cash at bank and in hand | 54/58 | €25,181 | €20,255 | -€4,926 | -19.6% |
| Deferred charges and accrued income | 490/1 | €5,639 | €5,664 | +€25 | +0.5% |
| Total equity and liabilities | 10/49 | €216,930 | €151,880 | -€65,050 | -30.0% |
| Equity | 10/15 | €19,517 | €42,551 | +€23,034 | +118% |
| Contributions | 10/11 | €465,000 | €465,000 | = | 0.0% |
| Capital | 10 | €465,000 | €465,000 | = | 0.0% |
| Issued capital | 100 | €465,000 | €465,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€445,483 | -€422,449 | +€23,034 | +5.2% |
| Amounts payable | 17/49 | €197,413 | €109,330 | -€88,083 | -44.6% |
| Amounts payable after more than one year | 17 | €105,360 | €22,873 | -€82,487 | -78.3% |
| Financial debts | 170/4 | €105,360 | €22,873 | -€82,487 | -78.3% |
| Amounts payable within one year | 42/48 | €92,053 | €86,457 | -€5,596 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €4,089 | €7,230 | +€3,141 | +76.8% |
| Trade debts | 44 | €50,157 | €60,383 | +€10,226 | +20.4% |
| Suppliers | 440/4 | €50,157 | €60,383 | +€10,226 | +20.4% |
| Taxes, remuneration and social security | 45 | €34,910 | €18,844 | -€16,066 | -46.0% |
| Taxes | 450/3 | €11,775 | €4,213 | -€7,562 | -64.2% |
| Remuneration and social security | 454/9 | €23,135 | €14,631 | -€8,504 | -36.8% |
| Other amounts payable | 47/48 | €2,897 | €0 | -€2,897 | -100% |
| Non-recurring operating income | 76A | - | €76,753 | +€76,753 | |
| Remuneration, social security and pensions | 62 | €161,698 | €187,355 | +€25,657 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,748 | €16,926 | +€4,178 | +32.8% |
| Other operating charges | 640/8 | €2,873 | €2,696 | -€177 | -6.2% |
| Gross operating margin | 9900 | €186,261 | €233,555 | +€47,294 | +25.4% |
| Operating profit (loss) | 9901 | €8,942 | €26,579 | +€17,637 | +197% |
| Financial charges | 65/66B | €1,889 | €3,039 | +€1,150 | +60.9% |
| Recurring financial charges | 65 | €1,889 | €3,039 | +€1,150 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €7,053 | €23,540 | +€16,487 | +234% |
| Income taxes | 67/77 | €115 | €506 | +€391 | +340% |
| Profit (loss) for the period | 9904 | €6,938 | €23,034 | +€16,096 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €6,938 | €23,034 | +€16,096 | +232% |
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 25 October 2026 via checked.be.