Terra & Mind: 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 & Mind
Largest movements
- Cash +€342,691
up €342,691 (+1,089%), from €31,460 to €374,151
mainly Net result for the year (+€389,736) and Current investments (+€137,148)
- Current investments -€137,148
down €137,148 (-16.1%), from €850,000 to €712,852
- Financial fixed assets +€93,817
up €93,817 (+156,362%), from €60 to €93,877
- Tangible fixed assets -€32,190
down €32,190 (-32.3%), from €99,690 to €67,500
of which Furniture and vehicles: -€26,606
- Reserves +€389,736
up €389,736 (+44.4%), from €876,830 to €1.3m
- Tax, wage and social debts -€130,627
down €130,627 (-81.3%), from €160,644 to €30,017
- Taxes +€78,450
up €78,450 (+48.3%), from €162,346 to €240,796
- Gross operating margin -€52,507
down €52,507 (-7.7%), from €684,411 to €631,904
- Financial income +€21,546
up €21,546 (+147%), from €14,672 to €36,219
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 | €1,041,036 | €1,303,919 | +€262,883 | +25.3% |
| Fixed assets | 21/28 | €99,750 | €161,377 | +€61,628 | +61.8% |
| Tangible fixed assets | 22/27 | €99,690 | €67,500 | -€32,190 | -32.3% |
| Plant, machinery and equipment | 23 | €5,213 | €2,629 | -€2,584 | -49.6% |
| Furniture and vehicles | 24 | €84,598 | €57,992 | -€26,606 | -31.4% |
| Other tangible fixed assets | 26 | €9,879 | €6,880 | -€2,999 | -30.4% |
| Financial fixed assets | 28 | €60 | €93,877 | +€93,817 | +156,362% |
| Current assets | 29/58 | €941,286 | €1,142,541 | +€201,255 | +21.4% |
| Amounts receivable within one year | 40/41 | €51,709 | €48,901 | -€2,808 | -5.4% |
| Trade receivables | 40 | €41,094 | €37,650 | -€3,444 | -8.4% |
| Other amounts receivable | 41 | €10,616 | €11,251 | +€635 | +6.0% |
| Current investments | 50/53 | €850,000 | €712,852 | -€137,148 | -16.1% |
| Cash at bank and in hand | 54/58 | €31,460 | €374,151 | +€342,691 | +1,089% |
| Deferred charges and accrued income | 490/1 | €8,117 | €6,637 | -€1,480 | -18.2% |
| Total equity and liabilities | 10/49 | €1,041,036 | €1,303,919 | +€262,883 | +25.3% |
| Equity | 10/15 | €879,330 | €1,269,067 | +€389,736 | +44.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €876,830 | €1,266,567 | +€389,736 | +44.4% |
| Distributable reserves | 133 | €876,830 | €1,266,567 | +€389,736 | +44.4% |
| Amounts payable | 17/49 | €161,706 | €34,852 | -€126,854 | -78.4% |
| Amounts payable within one year | 42/48 | €161,706 | €34,852 | -€126,854 | -78.4% |
| Financial debts | 43 | €272 | - | -€272 | |
| Credit institutions | 430/8 | €272 | - | -€272 | |
| Trade debts | 44 | €689 | €4,835 | +€4,146 | +601% |
| Suppliers | 440/4 | €689 | €4,835 | +€4,146 | +601% |
| Taxes, remuneration and social security | 45 | €160,644 | €30,017 | -€130,627 | -81.3% |
| Taxes | 450/3 | €160,644 | €30,017 | -€130,627 | -81.3% |
| Other amounts payable | 47/48 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,197 | €37,265 | +€67 | +0.2% |
| Other operating charges | 640/8 | €217 | €195 | -€21 | -9.7% |
| Gross operating margin | 9900 | €684,411 | €631,904 | -€52,507 | -7.7% |
| Operating profit (loss) | 9901 | €646,997 | €594,444 | -€52,553 | -8.1% |
| Financial income | 75/76B | €14,672 | €36,219 | +€21,546 | +147% |
| Recurring financial income | 75 | €14,672 | €36,219 | +€21,546 | +147% |
| Financial charges | 65/66B | €228 | €131 | -€97 | -42.6% |
| Recurring financial charges | 65 | €228 | €131 | -€97 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €661,442 | €630,532 | -€30,910 | -4.7% |
| Income taxes | 67/77 | €162,346 | €240,796 | +€78,450 | +48.3% |
| Profit (loss) for the period | 9904 | €499,096 | €389,736 | -€109,359 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €499,096 | €389,736 | -€109,359 | -21.9% |
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 17 October 2026 via checked.be.