TERRA LOCA SERVICES: 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 LOCA SERVICES
Largest movements
- Receivables within one year -€76,265
down €76,265 (-79.7%), from €95,675 to €19,410
of which Other amounts receivable: -€53,037
- Financial fixed assets +€55,200
up €55,200 (+2,379%), from €2,320 to €57,520
- Cash -€9,924
down €9,924 (-59.9%), from €16,555 to €6,631
mainly Investment in fixed assets (net) (-€62,258) and Trade debts (-€24,564)
- Tangible fixed assets +€5,097
up €5,097 (+383%), from €1,332 to €6,429
of which Furniture and vehicles: +€5,581
- Trade debts -€24,564
down €24,564 (-54.7%), from €44,903 to €20,339
- Current portion of long-term debt -€6,829
no longer reported in 2024 (was €6,829)
- Reserves +€6,097
up €6,097 (+26.1%), from €23,360 to €29,457
of which Distributable reserves: +€6,097
- Tax, wage and social debts -€2,751
down €2,751 (-26.4%), from €10,430 to €7,680
- Other debts +€2,140
up €2,140 (+18.8%), from €11,367 to €13,507
- Gross operating margin -€51,208
down €51,208 (-73.1%), from €70,041 to €18,833
- Other operating charges -€11,484
down €11,484 (-61.9%), from €18,550 to €7,066
- Taxes +€2,460
up €2,460 (+214%), from €1,151 to €3,611
- Depreciation -€2,378
down €2,378 (-54.8%), from €4,338 to €1,961
- Financial charges -€2,110
down €2,110 (-51.1%), from €4,134 to €2,023
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 | €115,897 | €89,990 | -€25,906 | -22.4% |
| Fixed assets | 21/28 | €3,652 | €63,949 | +€60,297 | +1,651% |
| Tangible fixed assets | 22/27 | €1,332 | €6,429 | +€5,097 | +383% |
| Plant, machinery and equipment | 23 | €1,332 | €849 | -€483 | -36.3% |
| Furniture and vehicles | 24 | - | €5,581 | +€5,581 | |
| Financial fixed assets | 28 | €2,320 | €57,520 | +€55,200 | +2,379% |
| Current assets | 29/58 | €112,245 | €26,041 | -€86,204 | -76.8% |
| Amounts receivable within one year | 40/41 | €95,675 | €19,410 | -€76,265 | -79.7% |
| Trade receivables | 40 | €42,174 | €18,946 | -€23,228 | -55.1% |
| Other amounts receivable | 41 | €53,501 | €464 | -€53,037 | -99.1% |
| Cash at bank and in hand | 54/58 | €16,555 | €6,631 | -€9,924 | -59.9% |
| Deferred charges and accrued income | 490/1 | €15 | - | -€15 | |
| Total equity and liabilities | 10/49 | €115,897 | €89,990 | -€25,906 | -22.4% |
| Equity | 10/15 | €42,368 | €48,465 | +€6,097 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €23,360 | €29,457 | +€6,097 | +26.1% |
| 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 | |
| Distributable reserves | 133 | €21,500 | €27,597 | +€6,097 | +28.4% |
| Profit (loss) carried forward | 14 | €408 | €408 | = | 0.0% |
| Amounts payable | 17/49 | €73,529 | €41,526 | -€32,003 | -43.5% |
| Amounts payable within one year | 42/48 | €73,529 | €41,526 | -€32,003 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €6,829 | - | -€6,829 | |
| Trade debts | 44 | €44,903 | €20,339 | -€24,564 | -54.7% |
| Suppliers | 440/4 | €44,903 | €20,339 | -€24,564 | -54.7% |
| Taxes, remuneration and social security | 45 | €10,430 | €7,680 | -€2,751 | -26.4% |
| Taxes | 450/3 | €10,430 | €7,680 | -€2,751 | -26.4% |
| Other amounts payable | 47/48 | €11,367 | €13,507 | +€2,140 | +18.8% |
| Remuneration, social security and pensions | 62 | €820 | - | -€820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,338 | €1,961 | -€2,378 | -54.8% |
| Other operating charges | 640/8 | €18,550 | €7,066 | -€11,484 | -61.9% |
| Gross operating margin | 9900 | €70,041 | €18,833 | -€51,208 | -73.1% |
| Operating profit (loss) | 9901 | €46,333 | €9,807 | -€36,526 | -78.8% |
| Financial income | 75/76B | €2,608 | €1,925 | -€683 | -26.2% |
| Recurring financial income | 75 | €2,608 | €1,925 | -€683 | -26.2% |
| Financial charges | 65/66B | €4,134 | €2,023 | -€2,110 | -51.1% |
| Recurring financial charges | 65 | €4,134 | €2,023 | -€2,110 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €44,807 | €9,708 | -€35,099 | -78.3% |
| Income taxes | 67/77 | €1,151 | €3,611 | +€2,460 | +214% |
| Profit (loss) for the period | 9904 | €43,656 | €6,097 | -€37,559 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,656 | €6,097 | -€37,559 | -86.0% |
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 24 October 2026 via checked.be.