Terra Reporting: 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 Reporting
Largest movements
- Intangible fixed assets -€112,337
down €112,337 (-20.0%), from €560,486 to €448,149
- Cash +€64,215
up €64,215 (+1212.7%), from €5,295 to €69,510
mainly Depreciation (+€112,337) and Debts after one year (+€50,000)
- Profit (loss) carried forward -€117,381
down €117,381 (-34.2%), from -€343,588 to -€460,969
- Debts after one year +€50,000
up €50,000 (+8.3%), from €605,000 to €655,000
- Accrued charges and deferred income +€48,599
up €48,599 (+193.5%), from €25,116 to €73,715
- Trade debts -€35,025
down €35,025 (-39.9%), from €87,792 to €52,767
- Gross operating margin +€253,888
up €253,888, from -€220,632 to €33,256
- Staff costs -€28,669
no longer reported in 2026 (was €28,669)
- Taxes +€25,107
up €25,107 (+99.6%), from -€25,216 to -€108
- Depreciation +€18,610
up €18,610 (+19.9%), from €93,727 to €112,337
- Financial charges +€12,634
up €12,634 (+49.0%), from €25,775 to €38,409
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,320 | €620,513 | -€53,807 | -8.0% |
| Fixed assets | 21/28 | €561,581 | €448,750 | -€112,832 | -20.1% |
| Intangible fixed assets | 21 | €560,486 | €448,149 | -€112,337 | -20.0% |
| Tangible fixed assets | 22/27 | €1,095 | €600 | -€495 | -45.2% |
| Furniture and vehicles | 24 | €1,095 | €600 | -€495 | -45.2% |
| Current assets | 29/58 | €112,739 | €171,764 | +€59,025 | +52.4% |
| Amounts receivable within one year | 40/41 | €102,177 | €97,525 | -€4,652 | -4.6% |
| Trade receivables | 40 | €70,485 | €69,892 | -€593 | -0.8% |
| Other amounts receivable | 41 | €31,691 | €27,633 | -€4,059 | -12.8% |
| Cash at bank and in hand | 54/58 | €5,295 | €69,510 | +€64,215 | +1212.7% |
| Deferred charges and accrued income | 490/1 | €5,267 | €4,729 | -€538 | -10.2% |
| Total equity and liabilities | 10/49 | €674,320 | €620,513 | -€53,807 | -8.0% |
| Equity | 10/15 | -€43,588 | -€160,969 | -€117,381 | -269.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€343,588 | -€460,969 | -€117,381 | -34.2% |
| Amounts payable | 17/49 | €717,908 | €781,482 | +€63,574 | +8.9% |
| Amounts payable after more than one year | 17 | €605,000 | €655,000 | +€50,000 | +8.3% |
| Financial debts | 170/4 | €605,000 | €655,000 | +€50,000 | +8.3% |
| Amounts payable within one year | 42/48 | €87,792 | €52,767 | -€35,025 | -39.9% |
| Trade debts | 44 | €87,792 | €52,767 | -€35,025 | -39.9% |
| Suppliers | 440/4 | €87,792 | €52,767 | -€35,025 | -39.9% |
| Accrued charges and deferred income | 492/3 | €25,116 | €73,715 | +€48,599 | +193.5% |
| Non-recurring operating income | 76A | - | €105 | +€105 | |
| Remuneration, social security and pensions | 62 | €28,669 | - | -€28,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,727 | €112,337 | +€18,610 | +19.9% |
| Gross operating margin | 9900 | -€220,632 | €33,256 | +€253,888 | |
| Operating profit (loss) | 9901 | -€343,028 | -€79,081 | +€263,947 | +76.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25,775 | €38,409 | +€12,634 | +49.0% |
| Recurring financial charges | 65 | €25,775 | €38,409 | +€12,634 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€368,803 | -€117,490 | +€251,314 | +68.1% |
| Income taxes | 67/77 | -€25,216 | -€108 | +€25,107 | +99.6% |
| Profit (loss) for the period | 9904 | -€343,588 | -€117,381 | +€226,206 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€343,588 | -€117,381 | +€226,206 | +65.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.