TERRA NOVA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€305,039
up €305,039 (+64.2%), from €475,298 to €780,337
- Cash +€240,760
up €240,760 (+885%), from €27,215 to €267,976
mainly Debts after one year (+€1.1m) and Trade debts (+€6,151)
- Deferred charges and accrued income +€24,108
new in 2025: €24,108
- Receivables within one year +€21,782
up €21,782 (+1,720%), from €1,266 to €23,048
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts -€455,770
down €455,770 (-100%), from €455,770 to €0
- Profit (loss) carried forward -€19,461
down €19,461 (-97.9%), from -€19,878 to -€39,339
- Gross operating margin -€15,921
down €15,921 (-443%), from -€3,590 to -€19,511
- Financial income +€1,736
up €1,736 (+1,735,680%), from €0 to €1,736
- Other operating charges -€906
down €906 (-48.1%), from €1,883 to €978
- Financial charges +€558
up €558 (+372%), from €150 to €708
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 | €503,780 | €1,095,470 | +€591,689 | +117% |
| Current assets | 29/58 | €503,780 | €1,095,470 | +€591,689 | +117% |
| Stocks and contracts in progress | 3 | €475,298 | €780,337 | +€305,039 | +64.2% |
| Stocks | 30/36 | €475,298 | €780,337 | +€305,039 | +64.2% |
| Amounts receivable within one year | 40/41 | €1,266 | €23,048 | +€21,782 | +1,720% |
| Other amounts receivable | 41 | €1,266 | €23,048 | +€21,782 | +1,720% |
| Cash at bank and in hand | 54/58 | €27,215 | €267,976 | +€240,760 | +885% |
| Deferred charges and accrued income | 490/1 | - | €24,108 | +€24,108 | |
| Total equity and liabilities | 10/49 | €503,780 | €1,095,470 | +€591,689 | +117% |
| Equity | 10/15 | €41,622 | €22,161 | -€19,461 | -46.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,878 | -€39,339 | -€19,461 | -97.9% |
| Amounts payable | 17/49 | €462,158 | €1,073,309 | +€611,151 | +132% |
| Amounts payable after more than one year | 17 | - | €1,060,770 | +€1.1m | |
| Other amounts payable | 178/9 | - | €1,060,770 | +€1.1m | |
| Amounts payable within one year | 42/48 | €462,158 | €12,539 | -€449,619 | -97.3% |
| Trade debts | 44 | €6,388 | €12,539 | +€6,151 | +96.3% |
| Suppliers | 440/4 | €6,388 | €12,539 | +€6,151 | +96.3% |
| Other amounts payable | 47/48 | €455,770 | €0 | -€455,770 | -100% |
| Other operating charges | 640/8 | €1,883 | €978 | -€906 | -48.1% |
| Gross operating margin | 9900 | -€3,590 | -€19,511 | -€15,921 | -443% |
| Operating profit (loss) | 9901 | -€5,474 | -€20,489 | -€15,015 | -274% |
| Financial income | 75/76B | €0 | €1,736 | +€1,736 | +1,735,680% |
| Recurring financial income | 75 | €0 | €1,736 | +€1,736 | +1,735,680% |
| Financial charges | 65/66B | €150 | €708 | +€558 | +372% |
| Recurring financial charges | 65 | €150 | €708 | +€558 | +372% |
| Profit (loss) for the period before taxes | 9903 | -€5,624 | -€19,461 | -€13,838 | -246% |
| Profit (loss) for the period | 9904 | -€5,624 | -€19,461 | -€13,838 | -246% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,624 | -€19,461 | -€13,838 | -246% |
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 14 October 2026 via checked.be.