TERRA GROUP: 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 GROUP
Largest movements
- Receivables within one year +€82,010
up €82,010 (+257%), from €31,868 to €113,878
- Tangible fixed assets +€40,490
up €40,490 (+126%), from €32,253 to €72,743
of which Furniture and vehicles: +€40,875
- Financial fixed assets +€3,810
up €3,810 (+56.9%), from €6,700 to €10,510
- Trade debts +€57,278
up €57,278 (+432%), from €13,256 to €70,534
- Profit (loss) carried forward +€48,290
up €48,290 (+280%), from €17,240 to €65,530
- Tax, wage and social debts +€24,930
up €24,930 (+165%), from €15,133 to €40,063
of which Taxes: +€20,301
- Other debts -€4,055
down €4,055 (-10.3%), from €39,440 to €35,385
- Gross operating margin +€110,232
up €110,232 (+206%), from €53,487 to €163,719
- Staff costs +€50,150
up €50,150 (+219%), from €22,920 to €73,070
- Depreciation +€19,057
up €19,057 (+241%), from €7,903 to €26,960
- Taxes +€8,114
up €8,114 (+186%), from €4,352 to €12,466
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 | €95,069 | €221,512 | +€126,443 | +133% |
| Fixed assets | 21/28 | €38,953 | €83,253 | +€44,300 | +114% |
| Tangible fixed assets | 22/27 | €32,253 | €72,743 | +€40,490 | +126% |
| Plant, machinery and equipment | 23 | €834 | €449 | -€385 | -46.2% |
| Furniture and vehicles | 24 | €31,419 | €72,294 | +€40,875 | +130% |
| Financial fixed assets | 28 | €6,700 | €10,510 | +€3,810 | +56.9% |
| Current assets | 29/58 | €56,116 | €138,259 | +€82,143 | +146% |
| Amounts receivable within one year | 40/41 | €31,868 | €113,878 | +€82,010 | +257% |
| Trade receivables | 40 | €31,868 | €113,878 | +€82,010 | +257% |
| Cash at bank and in hand | 54/58 | €24,248 | €24,381 | +€133 | +0.5% |
| Total equity and liabilities | 10/49 | €95,069 | €221,512 | +€126,443 | +133% |
| Equity | 10/15 | €27,240 | €75,530 | +€48,290 | +177% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,240 | €65,530 | +€48,290 | +280% |
| Amounts payable | 17/49 | €67,829 | €145,982 | +€78,153 | +115% |
| Amounts payable within one year | 42/48 | €67,829 | €145,982 | +€78,153 | +115% |
| Trade debts | 44 | €13,256 | €70,534 | +€57,278 | +432% |
| Suppliers | 440/4 | €13,256 | €70,534 | +€57,278 | +432% |
| Taxes, remuneration and social security | 45 | €15,133 | €40,063 | +€24,930 | +165% |
| Taxes | 450/3 | €12,775 | €33,076 | +€20,301 | +159% |
| Remuneration and social security | 454/9 | €2,358 | €6,988 | +€4,630 | +196% |
| Other amounts payable | 47/48 | €39,440 | €35,385 | -€4,055 | -10.3% |
| Remuneration, social security and pensions | 62 | €22,920 | €73,070 | +€50,150 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,903 | €26,960 | +€19,057 | +241% |
| Other operating charges | 640/8 | €349 | €1,479 | +€1,130 | +324% |
| Gross operating margin | 9900 | €53,487 | €163,719 | +€110,232 | +206% |
| Operating profit (loss) | 9901 | €22,315 | €62,210 | +€39,895 | +179% |
| Financial income | 75/76B | €9 | €13 | +€4 | +45.2% |
| Recurring financial income | 75 | €9 | €13 | +€4 | +45.2% |
| Financial charges | 65/66B | €732 | €1,467 | +€735 | +100% |
| Recurring financial charges | 65 | €732 | €1,467 | +€735 | +100% |
| Profit (loss) for the period before taxes | 9903 | €21,592 | €60,756 | +€39,164 | +181% |
| Income taxes | 67/77 | €4,352 | €12,466 | +€8,114 | +186% |
| Profit (loss) for the period | 9904 | €17,240 | €48,290 | +€31,050 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €17,240 | €48,290 | +€31,050 | +180% |
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 25 October 2026 via checked.be.