TERRA FORMA: 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 FORMA
Largest movements
- Cash -€18,060
down €18,060 (-27.2%), from €66,414 to €48,354
mainly Tax, wage and social debts (-€40,231) and Accrued charges and deferred income (-€3,735)
- Deferred charges and accrued income -€4,019
down €4,019 (-67.3%), from €5,974 to €1,955
- Tangible fixed assets -€2,051
down €2,051 (-42.5%), from €4,824 to €2,773
- Receivables within one year -€1,690
down €1,690 (-4.3%), from €39,561 to €37,871
of which Other amounts receivable: -€16,507
- Tax, wage and social debts -€40,231
down €40,231 (-69.2%), from €58,137 to €17,906
of which Taxes: -€35,674
- Profit (loss) carried forward +€12,605
up €12,605 (+28.7%), from €43,908 to €56,513
- Other debts +€5,195
up €5,195 (+163%), from €3,187 to €8,382
- Accrued charges and deferred income -€3,735
no longer reported in 2024 (was €3,735)
- Trade debts +€2,829
new in 2024: €2,829
- Gross operating margin +€22,924
up €22,924 (+732%), from €3,131 to €26,054
- Taxes -€6,242
down €6,242 (-50.4%), from €12,390 to €6,148
- Financial charges +€1,259
up €1,259 (+453%), from €278 to €1,537
- Other operating charges -€1,129
down €1,129 (-31.9%), from €3,544 to €2,414
- Financial income +€949
up €949 (+790,883%), from €0 to €949
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,650 | €91,830 | -€25,820 | -21.9% |
| Fixed assets | 21/28 | €5,701 | €3,650 | -€2,051 | -36.0% |
| Tangible fixed assets | 22/27 | €4,824 | €2,773 | -€2,051 | -42.5% |
| Furniture and vehicles | 24 | €4,824 | €2,773 | -€2,051 | -42.5% |
| Financial fixed assets | 28 | €877 | €877 | = | 0.0% |
| Current assets | 29/58 | €111,949 | €88,180 | -€23,769 | -21.2% |
| Amounts receivable within one year | 40/41 | €39,561 | €37,871 | -€1,690 | -4.3% |
| Trade receivables | 40 | €12,957 | €27,774 | +€14,817 | +114% |
| Other amounts receivable | 41 | €26,604 | €10,097 | -€16,507 | -62.0% |
| Cash at bank and in hand | 54/58 | €66,414 | €48,354 | -€18,060 | -27.2% |
| Deferred charges and accrued income | 490/1 | €5,974 | €1,955 | -€4,019 | -67.3% |
| Total equity and liabilities | 10/49 | €117,650 | €91,830 | -€25,820 | -21.9% |
| Equity | 10/15 | €50,108 | €62,713 | +€12,605 | +25.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,908 | €56,513 | +€12,605 | +28.7% |
| Amounts payable | 17/49 | €67,542 | €29,117 | -€38,426 | -56.9% |
| Amounts payable after more than one year | 17 | €2,484 | - | -€2,484 | |
| Financial debts | 170/4 | €2,484 | - | -€2,484 | |
| Amounts payable within one year | 42/48 | €61,324 | €29,117 | -€32,207 | -52.5% |
| Trade debts | 44 | - | €2,829 | +€2,829 | |
| Suppliers | 440/4 | - | €2,829 | +€2,829 | |
| Taxes, remuneration and social security | 45 | €58,137 | €17,906 | -€40,231 | -69.2% |
| Taxes | 450/3 | €45,175 | €9,501 | -€35,674 | -79.0% |
| Remuneration and social security | 454/9 | €12,962 | €8,405 | -€4,557 | -35.2% |
| Other amounts payable | 47/48 | €3,187 | €8,382 | +€5,195 | +163% |
| Accrued charges and deferred income | 492/3 | €3,735 | - | -€3,735 | |
| Non-recurring operating income | 76A | - | €2,502 | +€2,502 | |
| Remuneration, social security and pensions | 62 | €1,950 | €2,247 | +€297 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €2,051 | +€176 | +9.4% |
| Other operating charges | 640/8 | €3,544 | €2,414 | -€1,129 | -31.9% |
| Gross operating margin | 9900 | €3,131 | €26,054 | +€22,924 | +732% |
| Operating profit (loss) | 9901 | -€4,238 | €19,341 | +€23,580 | |
| Financial income | 75/76B | €0 | €949 | +€949 | +790,883% |
| Recurring financial income | 75 | €0 | €949 | +€949 | +790,883% |
| Financial charges | 65/66B | €278 | €1,537 | +€1,259 | +453% |
| Recurring financial charges | 65 | €278 | €1,537 | +€1,259 | +453% |
| Profit (loss) for the period before taxes | 9903 | -€4,516 | €18,754 | +€23,269 | |
| Income taxes | 67/77 | €12,390 | €6,148 | -€6,242 | -50.4% |
| Profit (loss) for the period | 9904 | -€16,906 | €12,605 | +€29,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,906 | €12,605 | +€29,511 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.