Terra Mia: 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 Mia
Largest movements
- Intangible fixed assets -€21,400
down €21,400 (-50.1%), from €42,740 to €21,340
- Receivables within one year -€11,700
down €11,700 (-20.1%), from €58,300 to €46,600
of which Trade receivables: -€51,700
- Debts after one year +€82,503
up €82,503 (+172%), from €47,873 to €130,376
- Current portion of long-term debt -€64,638
down €64,638 (-71.6%), from €90,277 to €25,639
- Profit (loss) carried forward +€41,535
up €41,535 (+111%), from €37,578 to €79,113
- Other debts -€41,087
down €41,087 (-36.0%), from €114,250 to €73,162
- Accrued charges and deferred income -€40,169
down €40,169 (-98.8%), from €40,669 to €500
- Financial income +€34,408
up €34,408 (+614%), from €5,606 to €40,014
- Gross operating margin -€21,504
down €21,504 (-18.9%), from €113,805 to €92,302
- Other operating charges +€3,051
up €3,051 (+81.7%), from €3,734 to €6,785
- Depreciation -€2,553
down €2,553 (-7.7%), from €33,231 to €30,678
- Taxes -€1,584
down €1,584 (-66.0%), from €2,401 to €817
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 | €661,755 | €627,594 | -€34,161 | -5.2% |
| Formation expenses | 20 | €429 | €0 | -€429 | -100% |
| Fixed assets | 21/28 | €400,633 | €378,907 | -€21,725 | -5.4% |
| Intangible fixed assets | 21 | €42,740 | €21,340 | -€21,400 | -50.1% |
| Tangible fixed assets | 22/27 | €30,893 | €30,567 | -€325 | -1.1% |
| Plant, machinery and equipment | 23 | €556 | €0 | -€556 | -100% |
| Furniture and vehicles | 24 | €28,494 | €28,725 | +€231 | +0.8% |
| Other tangible fixed assets | 26 | €1,842 | €1,842 | = | 0.0% |
| Financial fixed assets | 28 | €327,000 | €327,000 | = | 0.0% |
| Current assets | 29/58 | €260,692 | €248,686 | -€12,006 | -4.6% |
| Amounts receivable within one year | 40/41 | €58,300 | €46,600 | -€11,700 | -20.1% |
| Trade receivables | 40 | €58,300 | €6,600 | -€51,700 | -88.7% |
| Other amounts receivable | 41 | €0 | €40,000 | +€40,000 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €414 | €427 | +€13 | +3.2% |
| Deferred charges and accrued income | 490/1 | €1,979 | €1,660 | -€319 | -16.1% |
| Total equity and liabilities | 10/49 | €661,755 | €627,594 | -€34,161 | -5.2% |
| Equity | 10/15 | €337,578 | €379,113 | +€41,535 | +12.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,578 | €79,113 | +€41,535 | +111% |
| Amounts payable | 17/49 | €324,176 | €248,481 | -€75,696 | -23.4% |
| Amounts payable after more than one year | 17 | €47,873 | €130,376 | +€82,503 | +172% |
| Financial debts | 170/4 | €47,873 | €130,376 | +€82,503 | +172% |
| Amounts payable within one year | 42/48 | €235,634 | €117,605 | -€118,029 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €90,277 | €25,639 | -€64,638 | -71.6% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €8,995 | €10,520 | +€1,526 | +17.0% |
| Suppliers | 440/4 | €8,995 | €10,520 | +€1,526 | +17.0% |
| Taxes, remuneration and social security | 45 | €22,113 | €8,283 | -€13,829 | -62.5% |
| Taxes | 450/3 | €22,113 | €8,283 | -€13,829 | -62.5% |
| Other amounts payable | 47/48 | €114,250 | €73,162 | -€41,087 | -36.0% |
| Accrued charges and deferred income | 492/3 | €40,669 | €500 | -€40,169 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,231 | €30,678 | -€2,553 | -7.7% |
| Other operating charges | 640/8 | €3,734 | €6,785 | +€3,051 | +81.7% |
| Gross operating margin | 9900 | €113,805 | €92,302 | -€21,504 | -18.9% |
| Operating profit (loss) | 9901 | €76,841 | €54,839 | -€22,002 | -28.6% |
| Financial income | 75/76B | €5,606 | €40,014 | +€34,408 | +614% |
| Recurring financial income | 75 | €5,606 | €40,014 | +€34,408 | +614% |
| Financial charges | 65/66B | €11,834 | €12,501 | +€668 | +5.6% |
| Recurring financial charges | 65 | €11,834 | €12,501 | +€668 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €70,614 | €82,352 | +€11,738 | +16.6% |
| Income taxes | 67/77 | €2,401 | €817 | -€1,584 | -66.0% |
| Profit (loss) for the period | 9904 | €68,213 | €81,535 | +€13,322 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,213 | €81,535 | +€13,322 | +19.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.