TERRA-MANAGEMENT: what changed
Two fiscal 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-MANAGEMENT
Largest movements
- Cash -€4,774
down €4,774 (-85.8%), from €5,563 to €789
mainly Net result for the year (-€9,764) and Advances received (-€4,699)
- Deferred charges and accrued income -€4,433
no longer reported in 2025 (was €4,433)
- Tangible fixed assets -€4,250
down €4,250 (-28.3%), from €15,031 to €10,781
- Stocks and contracts -€2,130
no longer reported in 2025 (was €2,130)
- Profit (loss) carried forward -€9,764
down €9,764 (-122.0%), from -€8,005 to -€17,768
- Advances received -€4,699
no longer reported in 2025 (was €4,699)
- Trade debts -€2,051
down €2,051 (-66.9%), from €3,065 to €1,014
- Tax, wage and social debts +€625
up €625 (+19.4%), from €3,222 to €3,847
of which Remuneration and social security: +€403
- Gross operating margin -€9,285
down €9,285, from €9,208 to -€77
- Staff costs -€8,678
down €8,678 (-62.6%), from €13,867 to €5,189
- Depreciation +€1,781
up €1,781 (+72.2%), from €2,469 to €4,250
- Other operating charges -€810
no longer reported in 2025 (was €810)
- Financial charges +€180
up €180 (+268.7%), from €67 to €247
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 | €27,359 | €11,571 | -€15,788 | -57.7% |
| Fixed assets | 21/28 | €15,031 | €10,781 | -€4,250 | -28.3% |
| Tangible fixed assets | 22/27 | €15,031 | €10,781 | -€4,250 | -28.3% |
| Plant, machinery and equipment | 23 | €15,031 | €10,781 | -€4,250 | -28.3% |
| Current assets | 29/58 | €12,328 | €789 | -€11,538 | -93.6% |
| Stocks and contracts in progress | 3 | €2,130 | - | -€2,130 | |
| Stocks | 30/36 | €2,130 | - | -€2,130 | |
| Amounts receivable within one year | 40/41 | €202 | - | -€202 | |
| Other amounts receivable | 41 | €202 | - | -€202 | |
| Cash at bank and in hand | 54/58 | €5,563 | €789 | -€4,774 | -85.8% |
| Deferred charges and accrued income | 490/1 | €4,433 | - | -€4,433 | |
| Total equity and liabilities | 10/49 | €27,359 | €11,571 | -€15,788 | -57.7% |
| Equity | 10/15 | -€5,005 | -€14,768 | -€9,764 | -195.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,005 | -€17,768 | -€9,764 | -122.0% |
| Amounts payable | 17/49 | €32,364 | €26,339 | -€6,025 | -18.6% |
| Amounts payable within one year | 42/48 | €32,364 | €26,339 | -€6,025 | -18.6% |
| Trade debts | 44 | €3,065 | €1,014 | -€2,051 | -66.9% |
| Suppliers | 440/4 | €3,065 | €1,014 | -€2,051 | -66.9% |
| Advances received on contracts in progress | 46 | €4,699 | - | -€4,699 | |
| Taxes, remuneration and social security | 45 | €3,222 | €3,847 | +€625 | +19.4% |
| Taxes | 450/3 | - | €222 | +€222 | |
| Remuneration and social security | 454/9 | €3,222 | €3,625 | +€403 | +12.5% |
| Other amounts payable | 47/48 | €21,377 | €21,477 | +€100 | +0.5% |
| Remuneration, social security and pensions | 62 | €13,867 | €5,189 | -€8,678 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,469 | €4,250 | +€1,781 | +72.2% |
| Other operating charges | 640/8 | €810 | - | -€810 | |
| Gross operating margin | 9900 | €9,208 | -€77 | -€9,285 | |
| Operating profit (loss) | 9901 | -€7,938 | -€9,517 | -€1,579 | -19.9% |
| Financial charges | 65/66B | €67 | €247 | +€180 | +268.7% |
| Recurring financial charges | 65 | €67 | €247 | +€180 | +268.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,005 | -€9,764 | -€1,759 | -22.0% |
| Profit (loss) for the period | 9904 | -€8,005 | -€9,764 | -€1,759 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,005 | -€9,764 | -€1,759 | -22.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.