TERRA PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year -€10,292
down €10,292 (-3.4%), from €299,758 to €289,466
of which Other amounts receivable: -€12,285
- Tangible fixed assets -€4,198
down €4,198 (-55.2%), from €7,602 to €3,404
- Tax, wage and social debts -€42,330
down €42,330 (-80.7%), from €52,482 to €10,152
- Profit (loss) carried forward +€24,199
up €24,199 (+9.4%), from €256,099 to €280,298
- Advances received +€7,105
new in 2025: €7,105
- Trade debts -€5,201
no longer reported in 2025 (was €5,201)
- Turnover -€47,166
down €47,166 (-58.2%), from €81,000 to €33,834
- Gross operating margin -€37,600
down €37,600 (-61.1%), from €61,537 to €23,937
- Taxes -€9,865
down €9,865 (-49.3%), from €19,995 to €10,130
- Purchases and services -€9,527
down €9,527 (-45.3%), from €21,047 to €11,520
- Financial income +€1,934
up €1,934 (+13.5%), from €14,306 to €16,240
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 | €321,842 | €305,660 | -€16,182 | -5.0% |
| Fixed assets | 21/28 | €7,602 | €3,404 | -€4,198 | -55.2% |
| Tangible fixed assets | 22/27 | €7,602 | €3,404 | -€4,198 | -55.2% |
| Furniture and vehicles | 24 | €7,602 | €3,404 | -€4,198 | -55.2% |
| Current assets | 29/58 | €314,239 | €302,256 | -€11,983 | -3.8% |
| Amounts receivable within one year | 40/41 | €299,758 | €289,466 | -€10,292 | -3.4% |
| Trade receivables | 40 | - | €1,993 | +€1,993 | |
| Other amounts receivable | 41 | €299,758 | €287,473 | -€12,285 | -4.1% |
| Cash at bank and in hand | 54/58 | €14,349 | €12,790 | -€1,559 | -10.9% |
| Deferred charges and accrued income | 490/1 | €132 | - | -€132 | |
| Total equity and liabilities | 10/49 | €321,842 | €305,660 | -€16,182 | -5.0% |
| Equity | 10/15 | €264,159 | €288,358 | +€24,199 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €256,099 | €280,298 | +€24,199 | +9.4% |
| Amounts payable | 17/49 | €57,682 | €17,302 | -€40,380 | -70.0% |
| Amounts payable within one year | 42/48 | €57,682 | €17,257 | -€40,425 | -70.1% |
| Trade debts | 44 | €5,201 | - | -€5,201 | |
| Suppliers | 440/4 | €5,201 | - | -€5,201 | |
| Advances received on contracts in progress | 46 | - | €7,105 | +€7,105 | |
| Taxes, remuneration and social security | 45 | €52,482 | €10,152 | -€42,330 | -80.7% |
| Taxes | 450/3 | €52,482 | €10,152 | -€42,330 | -80.7% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Turnover | 70 | €81,000 | €33,834 | -€47,166 | -58.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,047 | €11,520 | -€9,527 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,198 | €4,198 | = | 0.0% |
| Other operating charges | 640/8 | €1,240 | €856 | -€384 | -31.0% |
| Gross operating margin | 9900 | €61,537 | €23,937 | -€37,600 | -61.1% |
| Operating profit (loss) | 9901 | €56,100 | €18,883 | -€37,217 | -66.3% |
| Financial income | 75/76B | €14,306 | €16,240 | +€1,934 | +13.5% |
| Recurring financial income | 75 | €14,306 | €16,240 | +€1,934 | +13.5% |
| Financial charges | 65/66B | €196 | €794 | +€598 | +305% |
| Recurring financial charges | 65 | €196 | €794 | +€598 | +305% |
| Profit (loss) for the period before taxes | 9903 | €70,209 | €34,329 | -€35,880 | -51.1% |
| Income taxes | 67/77 | €19,995 | €10,130 | -€9,865 | -49.3% |
| Profit (loss) for the period | 9904 | €50,214 | €24,199 | -€26,015 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,214 | €24,199 | -€26,015 | -51.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.