TERRA MATER: 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 MATER
Largest movements
- Intangible fixed assets +€520,742
up €520,742 (+48.5%), from €1.1m to €1.6m
- Stocks and contracts -€108,275
down €108,275 (-18.4%), from €587,395 to €479,120
- Tangible fixed assets -€43,245
down €43,245 (-4.5%), from €964,956 to €921,711
of which Plant, machinery and equipment: -€32,873
- Other debts +€470,000
up €470,000 (+18.3%), from €2.6m to €3.0m
- Trade debts -€44,948
down €44,948 (-37.7%), from €119,325 to €74,377
- Staff costs -€38,523
down €38,523 (-35.2%), from €109,451 to €70,927
- Gross operating margin -€31,917
down €31,917 (-9.3%), from €344,181 to €312,264
- Depreciation +€14,750
up €14,750 (+6.7%), from €221,667 to €236,417
- Other operating charges -€9,549
down €9,549 (-87.6%), from €10,895 to €1,346
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.
Derived cash bridge
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 | €2,762,718 | €3,167,304 | +€404,586 | +14.6% |
| Fixed assets | 21/28 | €2,039,236 | €2,516,733 | +€477,497 | +23.4% |
| Intangible fixed assets | 21 | €1,074,280 | €1,595,022 | +€520,742 | +48.5% |
| Tangible fixed assets | 22/27 | €964,956 | €921,711 | -€43,245 | -4.5% |
| Plant, machinery and equipment | 23 | €923,371 | €890,499 | -€32,873 | -3.6% |
| Furniture and vehicles | 24 | €41,584 | €31,212 | -€10,372 | -24.9% |
| Current assets | 29/58 | €723,482 | €650,571 | -€72,911 | -10.1% |
| Stocks and contracts in progress | 3 | €587,395 | €479,120 | -€108,275 | -18.4% |
| Stocks | 30/36 | €587,395 | €479,120 | -€108,275 | -18.4% |
| Amounts receivable within one year | 40/41 | €123,764 | €148,106 | +€24,342 | +19.7% |
| Trade receivables | 40 | €114,221 | €115,731 | +€1,511 | +1.3% |
| Other amounts receivable | 41 | €9,544 | €32,375 | +€22,832 | +239% |
| Cash at bank and in hand | 54/58 | €10,839 | €21,984 | +€11,145 | +103% |
| Deferred charges and accrued income | 490/1 | €1,484 | €1,360 | -€123 | -8.3% |
| Total equity and liabilities | 10/49 | €2,762,718 | €3,167,304 | +€404,586 | +14.6% |
| Equity | 10/15 | €38,031 | €41,184 | +€3,153 | +8.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €8,031 | €11,184 | +€3,153 | +39.3% |
| Distributable reserves | 133 | €8,031 | €11,184 | +€3,153 | +39.3% |
| Amounts payable | 17/49 | €2,724,687 | €3,126,120 | +€401,433 | +14.7% |
| Amounts payable within one year | 42/48 | €2,698,919 | €3,126,120 | +€427,201 | +15.8% |
| Trade debts | 44 | €119,325 | €74,377 | -€44,948 | -37.7% |
| Suppliers | 440/4 | €119,325 | €74,377 | -€44,948 | -37.7% |
| Taxes, remuneration and social security | 45 | €7,590 | €9,739 | +€2,149 | +28.3% |
| Taxes | 450/3 | €600 | €300 | -€300 | -50.0% |
| Remuneration and social security | 454/9 | €6,990 | €9,439 | +€2,449 | +35.0% |
| Other amounts payable | 47/48 | €2,572,004 | €3,042,004 | +€470,000 | +18.3% |
| Accrued charges and deferred income | 492/3 | €25,768 | - | -€25,768 | |
| Remuneration, social security and pensions | 62 | €109,451 | €70,927 | -€38,523 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,667 | €236,417 | +€14,750 | +6.7% |
| Other operating charges | 640/8 | €10,895 | €1,346 | -€9,549 | -87.6% |
| Gross operating margin | 9900 | €344,181 | €312,264 | -€31,917 | -9.3% |
| Operating profit (loss) | 9901 | €2,169 | €3,574 | +€1,406 | +64.8% |
| Financial income | 75/76B | €93 | €5 | -€88 | -95.1% |
| Recurring financial income | 75 | €93 | €5 | -€88 | -95.1% |
| Financial charges | 65/66B | €825 | €401 | -€424 | -51.4% |
| Recurring financial charges | 65 | €825 | €401 | -€424 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €1,437 | €3,178 | +€1,741 | +121% |
| Income taxes | 67/77 | €669 | €25 | -€644 | -96.3% |
| Profit (loss) for the period | 9904 | €768 | €3,153 | +€2,385 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €768 | €3,153 | +€2,385 | +310% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.