TERRA NOVA: 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 NOVA
Largest movements
- Receivables within one year -€13,495
down €13,495 (-65.5%), from €20,589 to €7,094
- Tangible fixed assets -€6,301
down €6,301 (-30.5%), from €20,682 to €14,381
- Stocks and contracts +€5,121
up €5,121 (+15.6%), from €32,856 to €37,977
- Cash +€1,654
new in 2024: €1,654
mainly Receivables within one year (+€13,495) and Depreciation (+€6,301)
- Trade debts -€10,504
down €10,504 (-87.5%), from €12,000 to €1,497
- Debts after one year -€10,084
down €10,084 (-73.1%), from €13,788 to €3,704
- Other debts +€6,167
up €6,167 (+66.7%), from €9,240 to €15,406
- Profit (loss) carried forward +€4,253
up €4,253 (+56.0%), from €7,599 to €11,852
- Tax, wage and social debts -€2,463
down €2,463 (-17.6%), from €13,955 to €11,492
of which Remuneration and social security: -€2,640
- Write-downs +€4,449
up €4,449 (+43.7%), from €10,191 to €14,640
- Other operating charges -€3,563
down €3,563 (-65.9%), from €5,410 to €1,847
- Taxes -€536
down €536 (-16.3%), from €3,299 to €2,763
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,181 | €62,097 | -€13,084 | -17.4% |
| Fixed assets | 21/28 | €20,982 | €14,681 | -€6,301 | -30.0% |
| Tangible fixed assets | 22/27 | €20,682 | €14,381 | -€6,301 | -30.5% |
| Furniture and vehicles | 24 | €20,682 | €14,381 | -€6,301 | -30.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €54,199 | €47,416 | -€6,783 | -12.5% |
| Stocks and contracts in progress | 3 | €32,856 | €37,977 | +€5,121 | +15.6% |
| Stocks | 30/36 | €32,856 | €37,977 | +€5,121 | +15.6% |
| Amounts receivable within one year | 40/41 | €20,589 | €7,094 | -€13,495 | -65.5% |
| Trade receivables | 40 | €20,589 | €7,094 | -€13,495 | -65.5% |
| Cash at bank and in hand | 54/58 | - | €1,654 | +€1,654 | |
| Deferred charges and accrued income | 490/1 | €753 | €691 | -€62 | -8.2% |
| Total equity and liabilities | 10/49 | €75,181 | €62,097 | -€13,084 | -17.4% |
| Equity | 10/15 | €15,661 | €19,914 | +€4,253 | +27.2% |
| Contributions | 10/11 | €6,202 | €6,202 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,599 | €11,852 | +€4,253 | +56.0% |
| Amounts payable | 17/49 | €59,520 | €42,183 | -€17,337 | -29.1% |
| Amounts payable after more than one year | 17 | €13,788 | €3,704 | -€10,084 | -73.1% |
| Financial debts | 170/4 | €13,788 | €3,704 | -€10,084 | -73.1% |
| Amounts payable within one year | 42/48 | €45,732 | €38,479 | -€7,253 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €10,038 | €10,084 | +€45 | +0.5% |
| Financial debts | 43 | €499 | - | -€499 | |
| Credit institutions | 430/8 | €499 | - | -€499 | |
| Trade debts | 44 | €12,000 | €1,497 | -€10,504 | -87.5% |
| Suppliers | 440/4 | €12,000 | €1,497 | -€10,504 | -87.5% |
| Taxes, remuneration and social security | 45 | €13,955 | €11,492 | -€2,463 | -17.6% |
| Taxes | 450/3 | €11,315 | €11,492 | +€177 | +1.6% |
| Remuneration and social security | 454/9 | €2,640 | - | -€2,640 | |
| Other amounts payable | 47/48 | €9,240 | €15,406 | +€6,167 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,415 | €6,301 | -€113 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,191 | €14,640 | +€4,449 | +43.7% |
| Other operating charges | 640/8 | €5,410 | €1,847 | -€3,563 | -65.9% |
| Gross operating margin | 9900 | €31,062 | €31,007 | -€55 | -0.2% |
| Operating profit (loss) | 9901 | €9,046 | €8,218 | -€828 | -9.2% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €1,513 | €1,211 | -€301 | -19.9% |
| Recurring financial charges | 65 | €1,513 | €1,211 | -€301 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €7,533 | €7,016 | -€518 | -6.9% |
| Income taxes | 67/77 | €3,299 | €2,763 | -€536 | -16.3% |
| Profit (loss) for the period | 9904 | €4,234 | €4,253 | +€19 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,234 | €4,253 | +€19 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.