TERRA NUEVA: 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 NUEVA
Largest movements
- Tangible fixed assets -€78,992
down €78,992 (-19.3%), from €409,496 to €330,504
of which Other tangible fixed assets: -€52,421
- Receivables within one year -€42,089
down €42,089 (-94.4%), from €44,572 to €2,483
of which Trade receivables: -€43,888
- Profit (loss) carried forward -€350,434
down €350,434 (-108%), from -€324,925 to -€675,359
- Trade debts +€117,531
up €117,531 (+44.0%), from €266,918 to €384,449
- Other debts +€96,500
up €96,500 (+424%), from €22,754 to €119,254
- Debts after one year -€74,724
down €74,724 (-37.0%), from €202,153 to €127,429
- Tax, wage and social debts +€51,249
up €51,249 (+23.1%), from €221,596 to €272,845
of which Remuneration and social security: +€35,357
- Gross operating margin -€359,920
down €359,920 (-39.3%), from €916,107 to €556,187
- Staff costs -€148,794
down €148,794 (-16.0%), from €928,677 to €779,883
- Taxes +€9,617
up €9,617, from -€9,225 to €392
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 | €501,203 | €376,704 | -€124,499 | -24.8% |
| Fixed assets | 21/28 | €410,873 | €333,025 | -€77,848 | -18.9% |
| Tangible fixed assets | 22/27 | €409,496 | €330,504 | -€78,992 | -19.3% |
| Plant, machinery and equipment | 23 | €44,573 | €24,756 | -€19,817 | -44.5% |
| Furniture and vehicles | 24 | €19,063 | €12,309 | -€6,754 | -35.4% |
| Other tangible fixed assets | 26 | €345,860 | €293,439 | -€52,421 | -15.2% |
| Financial fixed assets | 28 | €1,377 | €2,521 | +€1,144 | +83.1% |
| Current assets | 29/58 | €90,330 | €43,679 | -€46,651 | -51.6% |
| Stocks and contracts in progress | 3 | €29,650 | €28,201 | -€1,449 | -4.9% |
| Stocks | 30/36 | €29,650 | €28,201 | -€1,449 | -4.9% |
| Amounts receivable within one year | 40/41 | €44,572 | €2,483 | -€42,089 | -94.4% |
| Trade receivables | 40 | €44,572 | €684 | -€43,888 | -98.5% |
| Other amounts receivable | 41 | - | €1,798 | +€1,798 | |
| Current investments | 50/53 | €44 | €44 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €14,456 | €11,881 | -€2,575 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,070 | -€538 | -33.5% |
| Total equity and liabilities | 10/49 | €501,203 | €376,704 | -€124,499 | -24.8% |
| Equity | 10/15 | -€283,465 | -€633,899 | -€350,434 | -124% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,860 | €22,860 | = | 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% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,925 | -€675,359 | -€350,434 | -108% |
| Amounts payable | 17/49 | €784,668 | €1,010,604 | +€225,935 | +28.8% |
| Amounts payable after more than one year | 17 | €202,153 | €127,429 | -€74,724 | -37.0% |
| Financial debts | 170/4 | €202,153 | €127,429 | -€74,724 | -37.0% |
| Amounts payable within one year | 42/48 | €580,886 | €859,100 | +€278,213 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €69,618 | €69,802 | +€183 | +0.3% |
| Financial debts | 43 | - | €12,750 | +€12,750 | |
| Credit institutions | 430/8 | - | €12,750 | +€12,750 | |
| Trade debts | 44 | €266,918 | €384,449 | +€117,531 | +44.0% |
| Suppliers | 440/4 | €266,918 | €384,449 | +€117,531 | +44.0% |
| Taxes, remuneration and social security | 45 | €221,596 | €272,845 | +€51,249 | +23.1% |
| Taxes | 450/3 | €14,329 | €30,222 | +€15,892 | +111% |
| Remuneration and social security | 454/9 | €207,267 | €242,624 | +€35,357 | +17.1% |
| Other amounts payable | 47/48 | €22,754 | €119,254 | +€96,500 | +424% |
| Accrued charges and deferred income | 492/3 | €1,629 | €24,075 | +€22,446 | +1,378% |
| Remuneration, social security and pensions | 62 | €928,677 | €779,883 | -€148,794 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,720 | €79,350 | -€2,370 | -2.9% |
| Other operating charges | 640/8 | €1,870 | €1,434 | -€436 | -23.3% |
| Non-recurring operating charges | 66A | €9,160 | €14,101 | +€4,941 | +53.9% |
| Gross operating margin | 9900 | €916,107 | €556,187 | -€359,920 | -39.3% |
| Operating profit (loss) | 9901 | -€105,320 | -€318,581 | -€213,261 | -202% |
| Financial income | 75/76B | €114 | €41 | -€74 | -64.5% |
| Recurring financial income | 75 | €114 | €1 | -€114 | -99.4% |
| Non-recurring financial income | 76B | - | €40 | +€40 | |
| Financial charges | 65/66B | €31,515 | €31,502 | -€13 | 0.0% |
| Recurring financial charges | 65 | €31,515 | €31,502 | -€13 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€136,720 | -€350,042 | -€213,322 | -156% |
| Income taxes | 67/77 | -€9,225 | €392 | +€9,617 | |
| Profit (loss) for the period | 9904 | -€127,495 | -€350,434 | -€222,939 | -175% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,495 | -€350,434 | -€222,939 | -175% |
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.