TERRA & PAZ 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 & PAZ Construct
Largest movements
- Cash +€14,048
up €14,048 (+266%), from €5,288 to €19,336
mainly Receivables within one year (+€6,403) and Trade debts (+€5,973)
- Receivables within one year -€6,403
down €6,403 (-31.5%), from €20,328 to €13,925
of which Trade receivables: -€4,484
- Deferred charges and accrued income -€782
down €782 (-49.8%), from €1,571 to €789
- Tangible fixed assets -€433
down €433 (-36.7%), from €1,179 to €746
- Tax, wage and social debts -€7,297
down €7,297 (-57.9%), from €12,593 to €5,296
of which Remuneration and social security: -€4,219
- Trade debts +€5,973
up €5,973 (+63.0%), from €9,477 to €15,450
- Profit (loss) carried forward +€5,432
up €5,432 (+27.0%), from -€20,128 to -€14,696
- Other debts +€2,322
up €2,322 (+25.3%), from €9,160 to €11,481
- Turnover +€121,184
new in 2025: €121,184
- Purchases and services +€110,845
new in 2025: €110,845
- Gross operating margin +€6,785
up €6,785 (+46.9%), from €14,454 to €21,240
- Staff costs +€3,818
up €3,818 (+33.8%), from €11,301 to €15,119
- Taxes -€1,799
no longer reported in 2025 (was €1,799)
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 | €30,202 | €36,631 | +€6,430 | +21.3% |
| Fixed assets | 21/28 | €3,014 | €2,581 | -€433 | -14.4% |
| Tangible fixed assets | 22/27 | €1,179 | €746 | -€433 | -36.7% |
| Furniture and vehicles | 24 | €1,179 | €746 | -€433 | -36.7% |
| Financial fixed assets | 28 | €1,835 | €1,835 | = | 0.0% |
| Current assets | 29/58 | €27,187 | €34,050 | +€6,863 | +25.2% |
| Amounts receivable within one year | 40/41 | €20,328 | €13,925 | -€6,403 | -31.5% |
| Trade receivables | 40 | €18,263 | €13,779 | -€4,484 | -24.6% |
| Other amounts receivable | 41 | €2,065 | €147 | -€1,918 | -92.9% |
| Cash at bank and in hand | 54/58 | €5,288 | €19,336 | +€14,048 | +266% |
| Deferred charges and accrued income | 490/1 | €1,571 | €789 | -€782 | -49.8% |
| Total equity and liabilities | 10/49 | €30,202 | €36,631 | +€6,430 | +21.3% |
| Equity | 10/15 | -€1,528 | €3,904 | +€5,432 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,128 | -€14,696 | +€5,432 | +27.0% |
| Amounts payable | 17/49 | €31,729 | €32,727 | +€998 | +3.1% |
| Amounts payable after more than one year | 17 | €500 | €500 | = | 0.0% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,229 | €32,227 | +€998 | +3.2% |
| Trade debts | 44 | €9,477 | €15,450 | +€5,973 | +63.0% |
| Suppliers | 440/4 | €9,477 | €15,450 | +€5,973 | +63.0% |
| Taxes, remuneration and social security | 45 | €12,593 | €5,296 | -€7,297 | -57.9% |
| Taxes | 450/3 | €3,079 | - | -€3,079 | |
| Remuneration and social security | 454/9 | €9,515 | €5,296 | -€4,219 | -44.3% |
| Other amounts payable | 47/48 | €9,160 | €11,481 | +€2,322 | +25.3% |
| Turnover | 70 | - | €121,184 | +€121,184 | |
| Non-recurring operating income | 76A | - | €1,055 | +€1,055 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €110,845 | +€110,845 | |
| Remuneration, social security and pensions | 62 | €11,301 | €15,119 | +€3,818 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €433 | -€0 | 0.0% |
| Other operating charges | 640/8 | €149 | €149 | = | 0.0% |
| Gross operating margin | 9900 | €14,454 | €21,240 | +€6,785 | +46.9% |
| Operating profit (loss) | 9901 | €2,571 | €5,539 | +€2,968 | +115% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €89 | €107 | +€18 | +20.3% |
| Recurring financial charges | 65 | €89 | €107 | +€18 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €2,483 | €5,432 | +€2,948 | +119% |
| Income taxes | 67/77 | €1,799 | - | -€1,799 | |
| Profit (loss) for the period | 9904 | €685 | €5,432 | +€4,747 | +693% |
| Profit (loss) for the period to be appropriated | 9905 | €685 | €5,432 | +€4,747 | +693% |
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 13 October 2026 via checked.be.