TERRA GROUP CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€175,563
up €175,563 (+23.8%), from €738,753 to €914,316
of which Other amounts receivable: +€130,334
- Cash -€53,167
down €53,167 (-89.4%), from €59,462 to €6,295
- Tangible fixed assets -€10,887
down €10,887 (-95.3%), from €11,421 to €534
of which Plant, machinery and equipment: -€7,687
- Trade debts +€92,619
up €92,619 (+12.9%), from €718,768 to €811,387
- Profit (loss) carried forward +€10,677
up €10,677 (+19.5%), from €54,706 to €65,383
- Gross operating margin +€42,384
up €42,384 (+83.5%), from -€50,740 to -€8,356
- Taxes +€2,050
new in 2024: €2,050
- Financial income +€1,984
up €1,984 (+10.3%), from €19,292 to €21,276
- Depreciation +€533
up €533 (+16.1%), from €3,311 to €3,844
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €810,514 | €921,400 | +€110,886 | +13.7% |
| Fixed assets | 21/28 | €11,676 | €789 | -€10,887 | -93.2% |
| Tangible fixed assets | 22/27 | €11,421 | €534 | -€10,887 | -95.3% |
| Plant, machinery and equipment | 23 | €8,221 | €534 | -€7,687 | -93.5% |
| Furniture and vehicles | 24 | €3,200 | - | -€3,200 | |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €798,838 | €920,611 | +€121,773 | +15.2% |
| Amounts receivable within one year | 40/41 | €738,753 | €914,316 | +€175,563 | +23.8% |
| Trade receivables | 40 | €365,260 | €410,489 | +€45,229 | +12.4% |
| Other amounts receivable | 41 | €373,493 | €503,827 | +€130,334 | +34.9% |
| Cash at bank and in hand | 54/58 | €59,462 | €6,295 | -€53,167 | -89.4% |
| Deferred charges and accrued income | 490/1 | €623 | - | -€623 | |
| Total equity and liabilities | 10/49 | €810,514 | €921,400 | +€110,886 | +13.7% |
| Equity | 10/15 | €75,166 | €85,843 | +€10,677 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €54,706 | €65,383 | +€10,677 | +19.5% |
| Amounts payable | 17/49 | €735,348 | €835,557 | +€100,209 | +13.6% |
| Amounts payable within one year | 42/48 | €735,348 | €835,557 | +€100,209 | +13.6% |
| Trade debts | 44 | €718,768 | €811,387 | +€92,619 | +12.9% |
| Suppliers | 440/4 | €718,768 | €811,387 | +€92,619 | +12.9% |
| Taxes, remuneration and social security | 45 | €16,580 | €24,170 | +€7,590 | +45.8% |
| Taxes | 450/3 | €16,580 | €17,170 | +€590 | +3.6% |
| Remuneration and social security | 454/9 | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €3,844 | +€533 | +16.1% |
| Other operating charges | 640/8 | €524 | €275 | -€249 | -47.5% |
| Gross operating margin | 9900 | -€50,740 | -€8,356 | +€42,384 | +83.5% |
| Operating profit (loss) | 9901 | -€54,575 | -€12,475 | +€42,100 | +77.1% |
| Financial income | 75/76B | €19,292 | €21,276 | +€1,984 | +10.3% |
| Recurring financial income | 75 | €19,292 | €21,276 | +€1,984 | +10.3% |
| Financial charges | 65/66B | €796 | €358 | -€438 | -55.0% |
| Recurring financial charges | 65 | €796 | €358 | -€438 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,079 | €8,443 | +€44,522 | |
| Income taxes | 67/77 | - | €2,050 | +€2,050 | |
| Profit (loss) for the period | 9904 | -€36,079 | €6,393 | +€42,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,079 | €6,393 | +€42,472 |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.