TERRA NOSTRA: what changed
TERRA NOSTRA
Largest movements
- Tangible fixed assets +€44,022
up €44,022 (+45.2%), from €97,346 to €141,367
of which Plant, machinery and equipment: +€47,815
- Cash +€6,364
up €6,364 (+10.5%), from €60,364 to €66,728
mainly Net result for the year (+€28,305) and Depreciation (+€26,569)
- Deferred charges and accrued income +€4,971
up €4,971 (+75.8%), from €6,556 to €11,527
- Receivables within one year -€3,510
down €3,510 (-5.3%), from €65,779 to €62,269
of which Trade receivables: -€2,930
- Reserves +€28,000
up €28,000 (+197%), from €14,246 to €42,246
- Other debts +€14,703
up €14,703 (+20.9%), from €70,493 to €85,196
- Trade debts +€7,673
up €7,673 (+27.4%), from €27,993 to €35,666
- Staff costs -€34,562
down €34,562 (-22.8%), from €151,523 to €116,962
- Gross operating margin -€9,232
down €9,232 (-4.7%), from €197,299 to €188,067
- Depreciation +€6,342
up €6,342 (+31.4%), from €20,227 to €26,569
- Other operating charges -€4,486
down €4,486 (-26.2%), from €17,134 to €12,648
- Taxes +€2,800
new in 2025: €2,800
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,912 | €306,759 | +€51,847 | +20.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €122,213 | €166,235 | +€44,022 | +36.0% |
| Tangible fixed assets | 22/27 | €97,346 | €141,367 | +€44,022 | +45.2% |
| Land and buildings | 22 | €13,750 | €30,550 | +€16,800 | +122% |
| Plant, machinery and equipment | 23 | €5,620 | €53,436 | +€47,815 | +851% |
| Furniture and vehicles | 24 | €77,975 | €57,382 | -€20,594 | -26.4% |
| Financial fixed assets | 28 | €24,867 | €24,867 | = | 0.0% |
| Current assets | 29/58 | €132,699 | €140,524 | +€7,825 | +5.9% |
| Amounts receivable within one year | 40/41 | €65,779 | €62,269 | -€3,510 | -5.3% |
| Trade receivables | 40 | €50,963 | €48,032 | -€2,930 | -5.7% |
| Other amounts receivable | 41 | €14,817 | €14,237 | -€580 | -3.9% |
| Cash at bank and in hand | 54/58 | €60,364 | €66,728 | +€6,364 | +10.5% |
| Deferred charges and accrued income | 490/1 | €6,556 | €11,527 | +€4,971 | +75.8% |
| Total equity and liabilities | 10/49 | €254,912 | €306,759 | +€51,847 | +20.3% |
| Equity | 10/15 | €136,673 | €164,977 | +€28,305 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,246 | €42,246 | +€28,000 | +197% |
| Distributable reserves | 133 | €14,246 | €42,246 | +€28,000 | +197% |
| Profit (loss) carried forward | 14 | €103,827 | €104,131 | +€305 | +0.3% |
| Amounts payable | 17/49 | €118,239 | €141,782 | +€23,542 | +19.9% |
| Amounts payable within one year | 42/48 | €118,239 | €141,273 | +€23,034 | +19.5% |
| Trade debts | 44 | €27,993 | €35,666 | +€7,673 | +27.4% |
| Suppliers | 440/4 | €27,993 | €35,666 | +€7,673 | +27.4% |
| Taxes, remuneration and social security | 45 | €19,753 | €20,411 | +€658 | +3.3% |
| Taxes | 450/3 | €601 | €2,822 | +€2,222 | +370% |
| Remuneration and social security | 454/9 | €19,152 | €17,589 | -€1,564 | -8.2% |
| Other amounts payable | 47/48 | €70,493 | €85,196 | +€14,703 | +20.9% |
| Accrued charges and deferred income | 492/3 | - | €509 | +€509 | |
| Non-recurring operating income | 76A | €32,221 | €25,553 | -€6,668 | -20.7% |
| Remuneration, social security and pensions | 62 | €151,523 | €116,962 | -€34,562 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,227 | €26,569 | +€6,342 | +31.4% |
| Other operating charges | 640/8 | €17,134 | €12,648 | -€4,486 | -26.2% |
| Gross operating margin | 9900 | €197,299 | €188,067 | -€9,232 | -4.7% |
| Operating profit (loss) | 9901 | €8,414 | €31,888 | +€23,474 | +279% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,989 | €784 | -€1,204 | -60.6% |
| Recurring financial charges | 65 | €1,989 | €784 | -€1,204 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €6,426 | €31,105 | +€24,679 | +384% |
| Income taxes | 67/77 | - | €2,800 | +€2,800 | |
| Profit (loss) for the period | 9904 | €6,426 | €28,305 | +€21,879 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €6,426 | €28,305 | +€21,879 | +340% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.