TERRA HOUSING: what changed
What changed
TERRA HOUSING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€9,963
2024 · €86,932-€76,969
Equity
€90,834
2024 · €80,871+€9,963
Cash
€352,670
2024 · €4,225+€348,445
Balance sheet total
€3.1m
2024 · €3.6m-€473,809
Largest movements
Assets
- Stocks and contracts -€735,588
down €735,588 (-26.1%), from €2.8m to €2.1m
- Cash +€348,445
up €348,445 (+8,247%), from €4,225 to €352,670
mainly Stocks and contracts (+€735,588) and Receivables within one year (+€53,077)
- Receivables within one year -€53,077
down €53,077 (-59.1%), from €89,830 to €36,754
Equity and liabilities
- Short-term financial debts -€435,000
down €435,000 (-16.7%), from €2.6m to €2.2m
Income statement
- Gross operating margin -€66,623
down €66,623 (-32.3%), from €206,306 to €139,683
- Other operating charges +€5,973
up €5,973 (+214%), from €2,790 to €8,763
- Financial charges +€4,236
up €4,236 (+5.1%), from €83,289 to €87,525
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€86,932
Gross operating margin
-€66,623
Other operating charges
-€5,973
Financial income
-€137
Financial charges
-€4,236
Result 2025
€9,963
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€772,928
Investment
€0
Financing
-€424,483
Cash 2024
€4,225
From operations (derived)
+€772,928
Net result for the year
+€9,963
Depreciation
+€33,596
Stocks and contracts
+€735,588
Receivables within one year
+€53,077
Smaller working-capital items
-€1,680
Trade debts
-€26,697
Accrued charges and deferred income
-€30,919
Financing
-€424,483
Debts after one year
+€10,131
Current portion of long-term debt
+€386
Short-term financial debts
-€435,000
Cash 2025
€352,670
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,582,178 | €3,108,369 | -€473,809 | -13.2% |
| Fixed assets | 21/28 | €664,142 | €630,545 | -€33,596 | -5.1% |
| Tangible fixed assets | 22/27 | €664,142 | €630,545 | -€33,596 | -5.1% |
| Land and buildings | 22 | €664,142 | €630,545 | -€33,596 | -5.1% |
| Current assets | 29/58 | €2,918,036 | €2,477,824 | -€440,213 | -15.1% |
| Stocks and contracts in progress | 3 | €2,823,608 | €2,088,020 | -€735,588 | -26.1% |
| Stocks | 30/36 | €2,823,608 | €2,088,020 | -€735,588 | -26.1% |
| Amounts receivable within one year | 40/41 | €89,830 | €36,754 | -€53,077 | -59.1% |
| Trade receivables | 40 | €89,830 | €36,754 | -€53,077 | -59.1% |
| Cash at bank and in hand | 54/58 | €4,225 | €352,670 | +€348,445 | +8,247% |
| Deferred charges and accrued income | 490/1 | €373 | €380 | +€7 | +1.8% |
| Total equity and liabilities | 10/49 | €3,582,178 | €3,108,369 | -€473,809 | -13.2% |
| Equity | 10/15 | €80,871 | €90,834 | +€9,963 | +12.3% |
| Contributions | 10/11 | €28,295 | €28,295 | = | 0.0% |
| Reserves | 13 | €37,627 | €37,627 | = | 0.0% |
| Distributable reserves | 133 | €37,627 | €37,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,949 | €24,912 | +€9,963 | +66.7% |
| Amounts payable | 17/49 | €3,501,307 | €3,017,535 | -€483,772 | -13.8% |
| Amounts payable after more than one year | 17 | €750,442 | €760,573 | +€10,131 | +1.3% |
| Financial debts | 170/4 | €750,442 | €760,573 | +€10,131 | +1.3% |
| Amounts payable within one year | 42/48 | €2,715,152 | €2,252,168 | -€462,985 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €38,259 | €38,645 | +€386 | +1.0% |
| Financial debts | 43 | €2,611,000 | €2,176,000 | -€435,000 | -16.7% |
| Credit institutions | 430/8 | €2,611,000 | €2,176,000 | -€435,000 | -16.7% |
| Trade debts | 44 | €62,031 | €35,334 | -€26,697 | -43.0% |
| Suppliers | 440/4 | €62,031 | €35,334 | -€26,697 | -43.0% |
| Taxes, remuneration and social security | 45 | €3,862 | €2,188 | -€1,673 | -43.3% |
| Taxes | 450/3 | €3,862 | €2,188 | -€1,673 | -43.3% |
| Accrued charges and deferred income | 492/3 | €35,713 | €4,795 | -€30,919 | -86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,596 | €33,596 | = | 0.0% |
| Other operating charges | 640/8 | €2,790 | €8,763 | +€5,973 | +214% |
| Gross operating margin | 9900 | €206,306 | €139,683 | -€66,623 | -32.3% |
| Operating profit (loss) | 9901 | €169,920 | €97,323 | -€72,596 | -42.7% |
| Financial income | 75/76B | €302 | €165 | -€137 | -45.3% |
| Recurring financial income | 75 | €302 | €165 | -€137 | -45.3% |
| Financial charges | 65/66B | €83,289 | €87,525 | +€4,236 | +5.1% |
| Recurring financial charges | 65 | €83,289 | €87,525 | +€4,236 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €86,932 | €9,963 | -€76,969 | -88.5% |
| Profit (loss) for the period | 9904 | €86,932 | €9,963 | -€76,969 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,932 | €9,963 | -€76,969 | -88.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.