Terra-Mine: 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-Mine
Largest movements
- Tangible fixed assets +€223,668
up €223,668 (+41.5%), from €538,879 to €762,547
of which Land and buildings: +€228,353
- Receivables within one year +€19,870
up €19,870 (+1,802%), from €1,102 to €20,972
of which Trade receivables: +€17,860
- Cash +€19,391
up €19,391 (+23.4%), from €82,892 to €102,283
mainly Debts after one year (+€230,628) and Depreciation (+€59,943)
- Debts after one year +€230,628
up €230,628 (+71.0%), from €324,781 to €555,409
of which Other amounts payable: +€250,000
- Reserves +€33,384
up €33,384 (+40.5%), from €82,348 to €115,732
- Depreciation +€27,422
up €27,422 (+84.3%), from €32,521 to €59,943
- Gross operating margin +€8,212
up €8,212 (+7.1%), from €114,943 to €123,155
- Taxes -€5,501
down €5,501 (-29.4%), from €18,727 to €13,226
- Financial charges +€1,366
up €1,366 (+12.2%), from €11,164 to €12,529
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 | €624,301 | €887,266 | +€262,965 | +42.1% |
| Fixed assets | 21/28 | €538,879 | €762,547 | +€223,668 | +41.5% |
| Tangible fixed assets | 22/27 | €538,879 | €762,547 | +€223,668 | +41.5% |
| Land and buildings | 22 | €499,444 | €727,797 | +€228,353 | +45.7% |
| Plant, machinery and equipment | 23 | €13,086 | €12,480 | -€606 | -4.6% |
| Furniture and vehicles | 24 | €26,349 | €22,270 | -€4,079 | -15.5% |
| Current assets | 29/58 | €85,422 | €124,719 | +€39,297 | +46.0% |
| Amounts receivable within one year | 40/41 | €1,102 | €20,972 | +€19,870 | +1,802% |
| Trade receivables | 40 | €0 | €17,860 | +€17,860 | |
| Other amounts receivable | 41 | €1,102 | €3,113 | +€2,010 | +182% |
| Cash at bank and in hand | 54/58 | €82,892 | €102,283 | +€19,391 | +23.4% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,464 | +€36 | +2.6% |
| Total equity and liabilities | 10/49 | €624,301 | €887,266 | +€262,965 | +42.1% |
| Equity | 10/15 | €182,348 | €215,732 | +€33,384 | +18.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €82,348 | €115,732 | +€33,384 | +40.5% |
| Distributable reserves | 133 | €82,348 | €115,732 | +€33,384 | +40.5% |
| Amounts payable | 17/49 | €441,953 | €671,534 | +€229,581 | +51.9% |
| Amounts payable after more than one year | 17 | €324,781 | €555,409 | +€230,628 | +71.0% |
| Financial debts | 170/4 | €324,781 | €305,409 | -€19,372 | -6.0% |
| Other amounts payable | 178/9 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €111,036 | €108,795 | -€2,241 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €19,044 | €20,372 | +€1,328 | +7.0% |
| Trade debts | 44 | €2,190 | €623 | -€1,567 | -71.5% |
| Suppliers | 440/4 | €2,190 | €623 | -€1,567 | -71.5% |
| Advances received on contracts in progress | 46 | €685 | €0 | -€685 | -100% |
| Taxes, remuneration and social security | 45 | €19,508 | €14,282 | -€5,226 | -26.8% |
| Taxes | 450/3 | €19,508 | €14,282 | -€5,226 | -26.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €69,610 | €73,517 | +€3,908 | +5.6% |
| Accrued charges and deferred income | 492/3 | €6,136 | €7,330 | +€1,194 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,521 | €59,943 | +€27,422 | +84.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,239 | €4,073 | -€166 | -3.9% |
| Gross operating margin | 9900 | €114,943 | €123,155 | +€8,212 | +7.1% |
| Operating profit (loss) | 9901 | €78,183 | €59,139 | -€19,044 | -24.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €11,164 | €12,529 | +€1,366 | +12.2% |
| Recurring financial charges | 65 | €11,164 | €12,529 | +€1,366 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €67,019 | €46,609 | -€20,410 | -30.5% |
| Income taxes | 67/77 | €18,727 | €13,226 | -€5,501 | -29.4% |
| Profit (loss) for the period | 9904 | €48,292 | €33,384 | -€14,909 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,292 | €33,384 | -€14,909 | -30.9% |
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 26 October 2026 via checked.be.