Terra Persà: 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 Persà
Largest movements
- Tangible fixed assets -€23,109
down €23,109 (-12.5%), from €184,295 to €161,187
- Receivables within one year -€8,907
down €8,907 (-90.4%), from €9,849 to €942
of which Other amounts receivable: -€8,589
- Intangible fixed assets -€8,708
down €8,708 (-52.5%), from €16,599 to €7,891
- Profit (loss) carried forward -€63,030
down €63,030 (-31.1%), from -€202,533 to -€265,563
- Debts after one year +€16,156
up €16,156 (+4.8%), from €335,297 to €351,452
of which Other amounts payable: +€32,523
- Short-term financial debts -€9,401
no longer reported in 2025 (was €9,401)
- Investment grants +€8,889
new in 2025: €8,889
- Tax, wage and social debts -€2,744
down €2,744 (-42.7%), from €6,424 to €3,679
of which Remuneration and social security: -€5,159
- Gross operating margin +€53,138
up €53,138, from -€50,739 to €2,399
- Staff costs -€34,575
down €34,575 (-76.7%), from €45,104 to €10,528
- Depreciation +€10,263
up €10,263 (+33.8%), from €30,363 to €40,626
- Other operating charges +€2,544
up €2,544 (+87.4%), from €2,912 to €5,457
- Financial income +€2,094
up €2,094 (+137,766%), from €2 to €2,096
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 | €267,151 | €221,417 | -€45,734 | -17.1% |
| Fixed assets | 21/28 | €211,860 | €177,868 | -€33,992 | -16.0% |
| Intangible fixed assets | 21 | €16,599 | €7,891 | -€8,708 | -52.5% |
| Tangible fixed assets | 22/27 | €184,295 | €161,187 | -€23,109 | -12.5% |
| Plant, machinery and equipment | 23 | €33,296 | €28,427 | -€4,870 | -14.6% |
| Furniture and vehicles | 24 | €1,654 | €718 | -€936 | -56.6% |
| Leasing and similar rights | 25 | €18,537 | €11,737 | -€6,800 | -36.7% |
| Other tangible fixed assets | 26 | €130,808 | €120,305 | -€10,503 | -8.0% |
| Financial fixed assets | 28 | €10,966 | €8,791 | -€2,175 | -19.8% |
| Current assets | 29/58 | €55,291 | €43,549 | -€11,742 | -21.2% |
| Stocks and contracts in progress | 3 | €39,286 | €39,286 | = | 0.0% |
| Stocks | 30/36 | €39,286 | €39,286 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,849 | €942 | -€8,907 | -90.4% |
| Trade receivables | 40 | €960 | €642 | -€318 | -33.2% |
| Other amounts receivable | 41 | €8,889 | €300 | -€8,589 | -96.6% |
| Cash at bank and in hand | 54/58 | €2,335 | €287 | -€2,048 | -87.7% |
| Deferred charges and accrued income | 490/1 | €3,821 | €3,034 | -€787 | -20.6% |
| Total equity and liabilities | 10/49 | €267,151 | €221,417 | -€45,734 | -17.1% |
| Equity | 10/15 | -€152,533 | -€206,675 | -€54,141 | -35.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€202,533 | -€265,563 | -€63,030 | -31.1% |
| Investment grants | 15 | - | €8,889 | +€8,889 | |
| Amounts payable | 17/49 | €419,684 | €428,092 | +€8,407 | +2.0% |
| Amounts payable after more than one year | 17 | €335,297 | €351,452 | +€16,156 | +4.8% |
| Financial debts | 170/4 | €37,082 | €20,715 | -€16,367 | -44.1% |
| Other amounts payable | 178/9 | €298,215 | €330,738 | +€32,523 | +10.9% |
| Amounts payable within one year | 42/48 | €84,351 | €76,555 | -€7,796 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €15,573 | €18,157 | +€2,584 | +16.6% |
| Financial debts | 43 | €9,401 | - | -€9,401 | |
| Credit institutions | 430/8 | €9,401 | - | -€9,401 | |
| Trade debts | 44 | €39,886 | €41,266 | +€1,380 | +3.5% |
| Suppliers | 440/4 | €39,886 | €41,266 | +€1,380 | +3.5% |
| Advances received on contracts in progress | 46 | €3,169 | €4,373 | +€1,204 | +38.0% |
| Taxes, remuneration and social security | 45 | €6,424 | €3,679 | -€2,744 | -42.7% |
| Taxes | 450/3 | €1,265 | €3,679 | +€2,414 | +191% |
| Remuneration and social security | 454/9 | €5,159 | - | -€5,159 | |
| Other amounts payable | 47/48 | €9,898 | €9,080 | -€818 | -8.3% |
| Accrued charges and deferred income | 492/3 | €37 | €84 | +€48 | +129% |
| Non-recurring operating income | 76A | - | €203 | +€203 | |
| Remuneration, social security and pensions | 62 | €45,104 | €10,528 | -€34,575 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,363 | €40,626 | +€10,263 | +33.8% |
| Other operating charges | 640/8 | €2,912 | €5,457 | +€2,544 | +87.4% |
| Gross operating margin | 9900 | -€50,739 | €2,399 | +€53,138 | |
| Operating profit (loss) | 9901 | -€129,118 | -€54,212 | +€74,906 | +58.0% |
| Financial income | 75/76B | €2 | €2,096 | +€2,094 | +137,766% |
| Recurring financial income | 75 | €2 | €2,096 | +€2,094 | +137,766% |
| Financial charges | 65/66B | €10,463 | €10,913 | +€451 | +4.3% |
| Recurring financial charges | 65 | €10,463 | €10,689 | +€227 | +2.2% |
| Non-recurring financial charges | 66B | - | €224 | +€224 | |
| Profit (loss) for the period before taxes | 9903 | -€139,579 | -€63,030 | +€76,549 | +54.8% |
| Profit (loss) for the period | 9904 | -€139,579 | -€63,030 | +€76,549 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,579 | -€63,030 | +€76,549 | +54.8% |
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 24 October 2026 via checked.be.