TERRA-SELECT: what changed
Two fiscal 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-SELECT
Largest movements
- Receivables within one year -€74,347
down €74,347 (-56.6%), from €131,402 to €57,055
of which Other amounts receivable: -€74,347
- Stocks and contracts +€5,250
up €5,250 (+54.2%), from €9,689 to €14,939
- Other debts -€60,764
down €60,764 (-70.2%), from €86,501 to €25,736
- Reserves -€6,250
down €6,250 (-18.3%), from €34,082 to €27,832
of which Distributable reserves: -€6,250
- Tax, wage and social debts -€1,893
down €1,893 (-90.7%), from €2,088 to €194
- Gross operating margin -€8,175
down €8,175, from €2,853 to -€5,322
- Financial income -€984
down €984 (-100.0%), from €984 to €0
- Financial charges -€767
down €767 (-64.6%), from €1,187 to €420
- Taxes -€118
down €118 (-100.0%), from €118 to €0
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.
Cash bridge derived
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 | €141,348 | €72,440 | -€68,908 | -48.8% |
| Current assets | 29/58 | €141,348 | €72,440 | -€68,908 | -48.8% |
| Stocks and contracts in progress | 3 | €9,689 | €14,939 | +€5,250 | +54.2% |
| Stocks | 30/36 | €9,689 | €14,939 | +€5,250 | +54.2% |
| Amounts receivable within one year | 40/41 | €131,402 | €57,055 | -€74,347 | -56.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €131,402 | €57,055 | -€74,347 | -56.6% |
| Cash at bank and in hand | 54/58 | €257 | €446 | +€189 | +73.5% |
| Total equity and liabilities | 10/49 | €141,348 | €72,440 | -€68,908 | -48.8% |
| Equity | 10/15 | €52,632 | €46,382 | -€6,250 | -11.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,082 | €27,832 | -€6,250 | -18.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €32,227 | €25,977 | -€6,250 | -19.4% |
| Amounts payable | 17/49 | €88,716 | €26,058 | -€62,658 | -70.6% |
| Amounts payable within one year | 42/48 | €88,716 | €26,058 | -€62,658 | -70.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €128 | €128 | = | 0.0% |
| Suppliers | 440/4 | €128 | €128 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,088 | €194 | -€1,893 | -90.7% |
| Taxes | 450/3 | €2,088 | €194 | -€1,893 | -90.7% |
| Other amounts payable | 47/48 | €86,501 | €25,736 | -€60,764 | -70.2% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €2,853 | -€5,322 | -€8,175 | |
| Operating profit (loss) | 9901 | €2,351 | -€5,830 | -€8,180 | |
| Financial income | 75/76B | €984 | €0 | -€984 | -100.0% |
| Recurring financial income | 75 | €984 | €0 | -€984 | -100.0% |
| Financial charges | 65/66B | €1,187 | €420 | -€767 | -64.6% |
| Recurring financial charges | 65 | €1,187 | €420 | -€767 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €2,147 | -€6,250 | -€8,397 | |
| Income taxes | 67/77 | €118 | €0 | -€118 | -100.0% |
| Profit (loss) for the period | 9904 | €2,029 | -€6,250 | -€8,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,029 | -€6,250 | -€8,279 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.