TERRA GREG: 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 GREG
Largest movements
- Receivables within one year -€9,136
down €9,136 (-44.4%), from €20,566 to €11,430
of which Trade receivables: -€9,057
- Tangible fixed assets -€4,884
down €4,884 (-8.4%), from €58,317 to €53,433
of which Leasing and similar rights: -€24,625
- Cash +€1,060
up €1,060 (+29.7%), from €3,565 to €4,626
mainly Depreciation (+€27,017) and Receivables within one year (+€9,136)
- Trade debts -€6,045
down €6,045 (-65.4%), from €9,244 to €3,199
- Debts after one year -€4,071
down €4,071 (-12.5%), from €32,657 to €28,585
- Tax, wage and social debts -€2,918
down €2,918 (-65.7%), from €4,439 to €1,521
of which Taxes: -€2,244
- Depreciation +€1,899
up €1,899 (+7.6%), from €25,118 to €27,017
- Gross operating margin +€1,557
up €1,557 (+5.2%), from €29,763 to €31,320
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.
Cash bridge derived
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 | €83,037 | €70,266 | -€12,771 | -15.4% |
| Fixed assets | 21/28 | €58,317 | €53,433 | -€4,884 | -8.4% |
| Tangible fixed assets | 22/27 | €58,317 | €53,433 | -€4,884 | -8.4% |
| Furniture and vehicles | 24 | €7,941 | €28,299 | +€20,358 | +256.4% |
| Leasing and similar rights | 25 | €44,749 | €20,124 | -€24,625 | -55.0% |
| Other tangible fixed assets | 26 | €5,627 | €5,010 | -€617 | -11.0% |
| Current assets | 29/58 | €24,721 | €16,834 | -€7,887 | -31.9% |
| Amounts receivable within one year | 40/41 | €20,566 | €11,430 | -€9,136 | -44.4% |
| Trade receivables | 40 | €14,424 | €5,367 | -€9,057 | -62.8% |
| Other amounts receivable | 41 | €6,142 | €6,063 | -€79 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,565 | €4,626 | +€1,060 | +29.7% |
| Deferred charges and accrued income | 490/1 | €589 | €778 | +€189 | +32.1% |
| Total equity and liabilities | 10/49 | €83,037 | €70,266 | -€12,771 | -15.4% |
| Equity | 10/15 | €16,581 | €16,733 | +€152 | +0.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,633 | €1,633 | = | 0.0% |
| Distributable reserves | 133 | €1,633 | €1,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,448 | €12,600 | +€152 | +1.2% |
| Amounts payable | 17/49 | €66,456 | €53,533 | -€12,923 | -19.4% |
| Amounts payable after more than one year | 17 | €32,657 | €28,585 | -€4,071 | -12.5% |
| Financial debts | 170/4 | €32,657 | €28,585 | -€4,071 | -12.5% |
| Amounts payable within one year | 42/48 | €33,800 | €24,948 | -€8,852 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €20,117 | €20,228 | +€111 | +0.6% |
| Trade debts | 44 | €9,244 | €3,199 | -€6,045 | -65.4% |
| Suppliers | 440/4 | €9,244 | €3,199 | -€6,045 | -65.4% |
| Taxes, remuneration and social security | 45 | €4,439 | €1,521 | -€2,918 | -65.7% |
| Taxes | 450/3 | €3,765 | €1,521 | -€2,244 | -59.6% |
| Remuneration and social security | 454/9 | €674 | - | -€674 | |
| Non-recurring operating income | 76A | - | €6,932 | +€6,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,118 | €27,017 | +€1,899 | +7.6% |
| Other operating charges | 640/8 | €536 | €697 | +€161 | +30.1% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €29,763 | €31,320 | +€1,557 | +5.2% |
| Operating profit (loss) | 9901 | €4,109 | €3,006 | -€1,103 | -26.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,313 | €2,428 | +€115 | +5.0% |
| Recurring financial charges | 65 | €2,313 | €2,428 | +€115 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €1,797 | €578 | -€1,219 | -67.8% |
| Income taxes | 67/77 | €163 | €425 | +€262 | +160.5% |
| Profit (loss) for the period | 9904 | €1,633 | €152 | -€1,481 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,633 | €152 | -€1,481 | -90.7% |
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 12 October 2026 via checked.be.