TERRA NOCTA: 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 NOCTA
Largest movements
- Cash +€8,795
up €8,795 (+57.3%), from €15,353 to €24,148
mainly Depreciation (+€8,473) and Trade debts (+€5,661)
- Tangible fixed assets -€6,798
down €6,798 (-18.9%), from €36,023 to €29,225
of which Furniture and vehicles: -€3,829
- Short-term financial debts -€10,919
down €10,919 (-99.6%), from €10,965 to €46
of which Other loans: -€10,800
- Trade debts +€5,661
up €5,661 (+187%), from €3,025 to €8,686
- Reserves +€4,358
up €4,358 (+31.8%), from €13,723 to €18,081
- Tax, wage and social debts +€2,462
up €2,462 (+19.6%), from €12,549 to €15,012
- Depreciation +€1,532
up €1,532 (+22.1%), from €6,942 to €8,473
- Gross operating margin +€1,454
up €1,454 (+10.6%), from €13,772 to €15,226
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 | €53,765 | €55,413 | +€1,648 | +3.1% |
| Formation expenses | 20 | €1,021 | €654 | -€367 | -35.9% |
| Fixed assets | 21/28 | €36,023 | €29,225 | -€6,798 | -18.9% |
| Tangible fixed assets | 22/27 | €36,023 | €29,225 | -€6,798 | -18.9% |
| Land and buildings | 22 | €6,711 | €6,039 | -€673 | -10.0% |
| Plant, machinery and equipment | 23 | €7,872 | €6,014 | -€1,859 | -23.6% |
| Furniture and vehicles | 24 | €18,377 | €14,548 | -€3,829 | -20.8% |
| Other tangible fixed assets | 26 | €3,063 | €2,625 | -€438 | -14.3% |
| Current assets | 29/58 | €16,721 | €25,533 | +€8,812 | +52.7% |
| Amounts receivable within one year | 40/41 | €1,216 | €1,226 | +€10 | +0.8% |
| Trade receivables | 40 | €1,216 | €1,226 | +€10 | +0.8% |
| Cash at bank and in hand | 54/58 | €15,353 | €24,148 | +€8,795 | +57.3% |
| Deferred charges and accrued income | 490/1 | €152 | €159 | +€7 | +4.9% |
| Total equity and liabilities | 10/49 | €53,765 | €55,413 | +€1,648 | +3.1% |
| Equity | 10/15 | €18,723 | €23,081 | +€4,358 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,723 | €18,081 | +€4,358 | +31.8% |
| Distributable reserves | 133 | €13,723 | €18,081 | +€4,358 | +31.8% |
| Amounts payable | 17/49 | €35,042 | €32,332 | -€2,710 | -7.7% |
| Amounts payable within one year | 42/48 | €35,042 | €32,332 | -€2,710 | -7.7% |
| Financial debts | 43 | €10,965 | €46 | -€10,919 | -99.6% |
| Credit institutions | 430/8 | €165 | €46 | -€119 | -72.2% |
| Other loans | 439 | €10,800 | - | -€10,800 | |
| Trade debts | 44 | €3,025 | €8,686 | +€5,661 | +187% |
| Suppliers | 440/4 | €3,025 | €8,686 | +€5,661 | +187% |
| Taxes, remuneration and social security | 45 | €12,549 | €15,012 | +€2,462 | +19.6% |
| Taxes | 450/3 | €12,549 | €15,012 | +€2,462 | +19.6% |
| Other amounts payable | 47/48 | €8,502 | €8,588 | +€86 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,942 | €8,473 | +€1,532 | +22.1% |
| Other operating charges | 640/8 | €278 | €409 | +€131 | +47.3% |
| Gross operating margin | 9900 | €13,772 | €15,226 | +€1,454 | +10.6% |
| Operating profit (loss) | 9901 | €6,552 | €6,344 | -€209 | -3.2% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €211 | €311 | +€100 | +47.6% |
| Recurring financial charges | 65 | €211 | €311 | +€100 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €6,346 | €6,032 | -€314 | -5.0% |
| Income taxes | 67/77 | €1,574 | €1,675 | +€101 | +6.4% |
| Profit (loss) for the period | 9904 | €4,772 | €4,358 | -€415 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,772 | €4,358 | -€415 | -8.7% |
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 21 October 2026 via checked.be.