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
- Receivables within one year -€13,659
down €13,659 (-42.6%), from €32,094 to €18,435
of which Trade receivables: -€23,773
- Cash +€10,568
up €10,568 (+66.0%), from €16,016 to €26,583
mainly Receivables within one year (+€13,659) and Depreciation (+€8,077)
- Stocks and contracts -€7,520
down €7,520 (-24.9%), from €30,235 to €22,715
- Intangible fixed assets -€2,000
down €2,000 (-100%), from €2,000 to €0
- Deferred charges and accrued income +€1,428
up €1,428 (+76.7%), from €1,864 to €3,292
- Tax, wage and social debts -€6,373
down €6,373 (-10.1%), from €63,369 to €56,996
of which Remuneration and social security: -€4,285
- Other debts -€5,140
down €5,140 (-65.6%), from €7,837 to €2,697
- Current portion of long-term debt -€2,720
down €2,720 (-44.5%), from €6,107 to €3,387
- Short-term financial debts +€2,116
up €2,116 (+114%), from €1,857 to €3,973
- Profit (loss) carried forward +€1,319
up €1,319 (+48.3%), from €2,731 to €4,050
- Gross operating margin -€35,910
down €35,910 (-11.5%), from €313,567 to €277,657
- Depreciation -€8,556
down €8,556 (-51.4%), from €16,634 to €8,077
- Other operating charges -€5,115
down €5,115 (-58.5%), from €8,746 to €3,631
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 | €125,061 | €114,617 | -€10,444 | -8.4% |
| Fixed assets | 21/28 | €44,852 | €43,591 | -€1,261 | -2.8% |
| Intangible fixed assets | 21 | €2,000 | €0 | -€2,000 | -100% |
| Tangible fixed assets | 22/27 | €41,942 | €42,681 | +€739 | +1.8% |
| Plant, machinery and equipment | 23 | €21,734 | €22,878 | +€1,144 | +5.3% |
| Furniture and vehicles | 24 | €20,209 | €19,803 | -€406 | -2.0% |
| Financial fixed assets | 28 | €910 | €910 | = | 0.0% |
| Current assets | 29/58 | €80,208 | €71,025 | -€9,183 | -11.4% |
| Stocks and contracts in progress | 3 | €30,235 | €22,715 | -€7,520 | -24.9% |
| Stocks | 30/36 | €30,235 | €22,715 | -€7,520 | -24.9% |
| Amounts receivable within one year | 40/41 | €32,094 | €18,435 | -€13,659 | -42.6% |
| Trade receivables | 40 | €24,806 | €1,034 | -€23,773 | -95.8% |
| Other amounts receivable | 41 | €7,288 | €17,402 | +€10,114 | +139% |
| Cash at bank and in hand | 54/58 | €16,016 | €26,583 | +€10,568 | +66.0% |
| Deferred charges and accrued income | 490/1 | €1,864 | €3,292 | +€1,428 | +76.7% |
| Total equity and liabilities | 10/49 | €125,061 | €114,617 | -€10,444 | -8.4% |
| Equity | 10/15 | €10,974 | €12,292 | +€1,319 | +12.0% |
| Contributions | 10/11 | €7,493 | €7,493 | = | 0.0% |
| Reserves | 13 | €749 | €749 | = | 0.0% |
| Distributable reserves | 133 | €749 | €749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,731 | €4,050 | +€1,319 | +48.3% |
| Amounts payable | 17/49 | €114,087 | €102,324 | -€11,763 | -10.3% |
| Amounts payable within one year | 42/48 | €113,437 | €101,885 | -€11,552 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €6,107 | €3,387 | -€2,720 | -44.5% |
| Financial debts | 43 | €1,857 | €3,973 | +€2,116 | +114% |
| Credit institutions | 430/8 | €1,857 | €3,973 | +€2,116 | +114% |
| Trade debts | 44 | €33,586 | €34,833 | +€1,247 | +3.7% |
| Suppliers | 440/4 | €33,586 | €34,833 | +€1,247 | +3.7% |
| Advances received on contracts in progress | 46 | €682 | €0 | -€682 | -100% |
| Taxes, remuneration and social security | 45 | €63,369 | €56,996 | -€6,373 | -10.1% |
| Taxes | 450/3 | €14,125 | €12,038 | -€2,087 | -14.8% |
| Remuneration and social security | 454/9 | €49,243 | €44,958 | -€4,285 | -8.7% |
| Other amounts payable | 47/48 | €7,837 | €2,697 | -€5,140 | -65.6% |
| Accrued charges and deferred income | 492/3 | €650 | €439 | -€211 | -32.5% |
| Non-recurring operating income | 76A | €21,267 | €0 | -€21,267 | -100% |
| Remuneration, social security and pensions | 62 | €261,920 | €261,852 | -€68 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,634 | €8,077 | -€8,556 | -51.4% |
| Other operating charges | 640/8 | €8,746 | €3,631 | -€5,115 | -58.5% |
| Non-recurring operating charges | 66A | €1,000 | €548 | -€452 | -45.2% |
| Gross operating margin | 9900 | €313,567 | €277,657 | -€35,910 | -11.5% |
| Operating profit (loss) | 9901 | €25,268 | €3,549 | -€21,719 | -86.0% |
| Financial income | 75/76B | €1,952 | €813 | -€1,139 | -58.3% |
| Recurring financial income | 75 | €1,952 | €813 | -€1,139 | -58.3% |
| Financial charges | 65/66B | €2,420 | €2,917 | +€497 | +20.5% |
| Recurring financial charges | 65 | €2,420 | €2,917 | +€497 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €24,800 | €1,445 | -€23,355 | -94.2% |
| Income taxes | 67/77 | €297 | €126 | -€171 | -57.5% |
| Profit (loss) for the period | 9904 | €24,503 | €1,319 | -€23,184 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,503 | €1,319 | -€23,184 | -94.6% |
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 27 October 2026 via checked.be.