Terra Projects International: 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 International
Largest movements
- Tangible fixed assets -€26,429
down €26,429 (-66.2%), from €39,904 to €13,475
of which Plant, machinery and equipment: -€15,543
- Receivables within one year -€20,770
down €20,770 (-96.9%), from €21,426 to €656
of which Trade receivables: -€18,259
- Stocks and contracts +€10,423
up €10,423 (+89.0%), from €11,705 to €22,128
- Cash +€6,867
up €6,867 (+29.1%), from €23,587 to €30,454
mainly Depreciation (+€22,747) and Receivables within one year (+€20,770)
- Trade debts -€22,960
down €22,960 (-99.1%), from €23,177 to €217
- Profit (loss) carried forward -€11,323
down €11,323 (-23.4%), from -€48,401 to -€59,724
- Tax, wage and social debts +€6,024
up €6,024 (+842%), from €715 to €6,739
- Debts after one year -€5,031
down €5,031 (-33.5%), from €15,035 to €10,004
- Accrued charges and deferred income +€2,928
new in 2025: €2,928
- Gross operating margin +€20,673
up €20,673, from -€7,267 to €13,407
- Depreciation +€1,987
up €1,987 (+9.6%), from €20,761 to €22,747
- Financial income -€497
down €497 (-48.4%), from €1,028 to €531
- Financial charges -€164
down €164 (-8.6%), from €1,905 to €1,741
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 | €97,738 | €67,831 | -€29,907 | -30.6% |
| Fixed assets | 21/28 | €39,904 | €13,475 | -€26,429 | -66.2% |
| Tangible fixed assets | 22/27 | €39,904 | €13,475 | -€26,429 | -66.2% |
| Plant, machinery and equipment | 23 | €27,224 | €11,681 | -€15,543 | -57.1% |
| Furniture and vehicles | 24 | €12,680 | €1,794 | -€10,886 | -85.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €57,834 | €54,356 | -€3,478 | -6.0% |
| Stocks and contracts in progress | 3 | €11,705 | €22,128 | +€10,423 | +89.0% |
| Stocks | 30/36 | €11,705 | €22,128 | +€10,423 | +89.0% |
| Amounts receivable within one year | 40/41 | €21,426 | €656 | -€20,770 | -96.9% |
| Trade receivables | 40 | €18,509 | €250 | -€18,259 | -98.6% |
| Other amounts receivable | 41 | €2,918 | €406 | -€2,512 | -86.1% |
| Cash at bank and in hand | 54/58 | €23,587 | €30,454 | +€6,867 | +29.1% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,118 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €97,738 | €67,831 | -€29,907 | -30.6% |
| Equity | 10/15 | €53,599 | €42,276 | -€11,323 | -21.1% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,401 | -€59,724 | -€11,323 | -23.4% |
| Amounts payable | 17/49 | €44,138 | €25,554 | -€18,584 | -42.1% |
| Amounts payable after more than one year | 17 | €15,035 | €10,004 | -€5,031 | -33.5% |
| Financial debts | 170/4 | €15,035 | €10,004 | -€5,031 | -33.5% |
| Amounts payable within one year | 42/48 | €29,103 | €12,622 | -€16,481 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €4,752 | €5,031 | +€279 | +5.9% |
| Trade debts | 44 | €23,177 | €217 | -€22,960 | -99.1% |
| Suppliers | 440/4 | €23,177 | €217 | -€22,960 | -99.1% |
| Advances received on contracts in progress | 46 | - | €516 | +€516 | |
| Taxes, remuneration and social security | 45 | €715 | €6,739 | +€6,024 | +842% |
| Taxes | 450/3 | €715 | €6,739 | +€6,024 | +842% |
| Other amounts payable | 47/48 | €459 | €119 | -€340 | -74.1% |
| Accrued charges and deferred income | 492/3 | - | €2,928 | +€2,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,761 | €22,747 | +€1,987 | +9.6% |
| Other operating charges | 640/8 | €691 | €773 | +€82 | +11.8% |
| Gross operating margin | 9900 | -€7,267 | €13,407 | +€20,673 | |
| Operating profit (loss) | 9901 | -€28,719 | -€10,113 | +€18,605 | +64.8% |
| Financial income | 75/76B | €1,028 | €531 | -€497 | -48.4% |
| Recurring financial income | 75 | €1,028 | €531 | -€497 | -48.4% |
| Financial charges | 65/66B | €1,905 | €1,741 | -€164 | -8.6% |
| Recurring financial charges | 65 | €1,905 | €1,741 | -€164 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,595 | -€11,323 | +€18,272 | +61.7% |
| Profit (loss) for the period | 9904 | -€29,595 | -€11,323 | +€18,272 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,595 | -€11,323 | +€18,272 | +61.7% |
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.