TERRA FONTA: 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 FONTA
Largest movements
- Tangible fixed assets -€56,379
down €56,379 (-25.5%), from €220,663 to €164,284
of which Leasing and similar rights: -€30,730
- Receivables within one year -€29,560
down €29,560 (-43.9%), from €67,300 to €37,739
- Intangible fixed assets -€28,900
down €28,900 (-17.5%), from €164,900 to €136,000
- Cash +€5,927
up €5,927 (+40.1%), from €14,792 to €20,719
mainly Depreciation (+€70,279) and Receivables within one year (+€29,560)
- Debts after one year -€53,108
down €53,108 (-23.3%), from €227,661 to €174,553
- Profit (loss) carried forward -€46,254
down €46,254 (-17.9%), from -€258,858 to -€305,112
- Trade debts -€26,373
down €26,373 (-64.4%), from €40,932 to €14,559
- Tax, wage and social debts +€11,209
up €11,209 (+15.1%), from €74,298 to €85,507
of which Remuneration and social security: +€11,328
- Depreciation -€15,593
down €15,593 (-18.2%), from €85,872 to €70,279
- Other operating charges -€12,533
down €12,533 (-68.3%), from €18,353 to €5,821
- Gross operating margin -€7,833
down €7,833 (-16.8%), from €46,749 to €38,916
- Financial charges -€2,104
down €2,104 (-21.1%), from €9,955 to €7,851
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 | €474,938 | €359,112 | -€115,826 | -24.4% |
| Fixed assets | 21/28 | €385,563 | €300,284 | -€85,279 | -22.1% |
| Intangible fixed assets | 21 | €164,900 | €136,000 | -€28,900 | -17.5% |
| Tangible fixed assets | 22/27 | €220,663 | €164,284 | -€56,379 | -25.5% |
| Land and buildings | 22 | €144,172 | €120,143 | -€24,029 | -16.7% |
| Plant, machinery and equipment | 23 | €3,329 | €1,708 | -€1,620 | -48.7% |
| Leasing and similar rights | 25 | €73,162 | €42,432 | -€30,730 | -42.0% |
| Current assets | 29/58 | €89,375 | €58,828 | -€30,547 | -34.2% |
| Stocks and contracts in progress | 3 | €4,550 | - | -€4,550 | |
| Stocks | 30/36 | €4,550 | - | -€4,550 | |
| Amounts receivable within one year | 40/41 | €67,300 | €37,739 | -€29,560 | -43.9% |
| Trade receivables | 40 | €67,300 | €37,739 | -€29,560 | -43.9% |
| Cash at bank and in hand | 54/58 | €14,792 | €20,719 | +€5,927 | +40.1% |
| Deferred charges and accrued income | 490/1 | €2,734 | €370 | -€2,364 | -86.5% |
| Total equity and liabilities | 10/49 | €474,938 | €359,112 | -€115,826 | -24.4% |
| Equity | 10/15 | -€256,858 | -€303,112 | -€46,254 | -18.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,858 | -€305,112 | -€46,254 | -17.9% |
| Amounts payable | 17/49 | €731,796 | €662,224 | -€69,572 | -9.5% |
| Amounts payable after more than one year | 17 | €227,661 | €174,553 | -€53,108 | -23.3% |
| Financial debts | 170/4 | €227,661 | €174,553 | -€53,108 | -23.3% |
| Amounts payable within one year | 42/48 | €504,136 | €487,671 | -€16,465 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €52,173 | €53,108 | +€935 | +1.8% |
| Trade debts | 44 | €40,932 | €14,559 | -€26,373 | -64.4% |
| Suppliers | 440/4 | €40,932 | €14,559 | -€26,373 | -64.4% |
| Taxes, remuneration and social security | 45 | €74,298 | €85,507 | +€11,209 | +15.1% |
| Taxes | 450/3 | €502 | €383 | -€119 | -23.7% |
| Remuneration and social security | 454/9 | €73,796 | €85,125 | +€11,328 | +15.4% |
| Other amounts payable | 47/48 | €336,732 | €334,497 | -€2,235 | -0.7% |
| Non-recurring operating income | 76A | - | €16,078 | +€16,078 | |
| Remuneration, social security and pensions | 62 | €464 | €214 | -€250 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,872 | €70,279 | -€15,593 | -18.2% |
| Other operating charges | 640/8 | €18,353 | €5,821 | -€12,533 | -68.3% |
| Non-recurring operating charges | 66A | - | €1,031 | +€1,031 | |
| Gross operating margin | 9900 | €46,749 | €38,916 | -€7,833 | -16.8% |
| Operating profit (loss) | 9901 | -€57,941 | -€38,429 | +€19,511 | +33.7% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €9,955 | €7,851 | -€2,104 | -21.1% |
| Recurring financial charges | 65 | €9,955 | €7,851 | -€2,104 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€67,895 | -€46,254 | +€21,641 | +31.9% |
| Profit (loss) for the period | 9904 | -€67,895 | -€46,254 | +€21,641 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,895 | -€46,254 | +€21,641 | +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 27 October 2026 via checked.be.