TERRA NULLIUS GRONDONTWIKKELING: 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 NULLIUS GRONDONTWIKKELING
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-29.4%), from €3.6m to €2.5m
- Short-term financial debts -€1.1m
down €1.1m (-43.8%), from €2.6m to €1.4m
- Reserves +€46,010
up €46,010 (+686%), from €6,708 to €52,718
- Gross operating margin +€44,445
up €44,445 (+46.5%), from €95,618 to €140,063
- Taxes +€13,101
up €13,101 (+586%), from €2,236 to €15,337
- Financial charges -€4,493
down €4,493 (-5.3%), from €84,801 to €80,308
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 | €3,621,449 | €2,562,370 | -€1.1m | -29.2% |
| Current assets | 29/58 | €3,621,449 | €2,562,370 | -€1.1m | -29.2% |
| Stocks and contracts in progress | 3 | €3,577,431 | €2,524,149 | -€1.1m | -29.4% |
| Stocks | 30/36 | €3,577,431 | €2,524,149 | -€1.1m | -29.4% |
| Amounts receivable within one year | 40/41 | €2,871 | €2,767 | -€104 | -3.6% |
| Trade receivables | 40 | €79 | - | -€79 | |
| Other amounts receivable | 41 | €2,792 | €2,767 | -€25 | -0.9% |
| Cash at bank and in hand | 54/58 | €41,091 | €35,397 | -€5,694 | -13.9% |
| Deferred charges and accrued income | 490/1 | €57 | €57 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,621,449 | €2,562,370 | -€1.1m | -29.2% |
| Equity | 10/15 | €1,056,708 | €1,102,718 | +€46,010 | +4.4% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €6,708 | €52,718 | +€46,010 | +686% |
| Distributable reserves | 133 | €6,708 | €52,718 | +€46,010 | +686% |
| Amounts payable | 17/49 | €2,564,742 | €1,459,652 | -€1.1m | -43.1% |
| Amounts payable within one year | 42/48 | €2,563,140 | €1,455,938 | -€1.1m | -43.2% |
| Financial debts | 43 | €2,560,000 | €1,440,000 | -€1.1m | -43.8% |
| Credit institutions | 430/8 | €2,560,000 | €1,440,000 | -€1.1m | -43.8% |
| Trade debts | 44 | - | €607 | +€607 | |
| Suppliers | 440/4 | - | €607 | +€607 | |
| Taxes, remuneration and social security | 45 | €2,231 | €15,331 | +€13,099 | +587% |
| Taxes | 450/3 | €2,231 | €15,331 | +€13,099 | +587% |
| Other amounts payable | 47/48 | €908 | - | -€908 | |
| Accrued charges and deferred income | 492/3 | €1,602 | €3,714 | +€2,112 | +132% |
| Other operating charges | 640/8 | €718 | €1,194 | +€476 | +66.2% |
| Gross operating margin | 9900 | €95,618 | €140,063 | +€44,445 | +46.5% |
| Operating profit (loss) | 9901 | €94,899 | €138,869 | +€43,969 | +46.3% |
| Financial income | 75/76B | €2,365 | €2,786 | +€422 | +17.8% |
| Recurring financial income | 75 | €2,365 | €2,786 | +€422 | +17.8% |
| Financial charges | 65/66B | €84,801 | €80,308 | -€4,493 | -5.3% |
| Recurring financial charges | 65 | €84,801 | €80,308 | -€4,493 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €12,463 | €61,347 | +€48,884 | +392% |
| Income taxes | 67/77 | €2,236 | €15,337 | +€13,101 | +586% |
| Profit (loss) for the period | 9904 | €10,227 | €46,010 | +€35,783 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €10,227 | €46,010 | +€35,783 | +350% |
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 25 October 2026 via checked.be.