TERRA SELECTION: 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 SELECTION
Largest movements
- Stocks and contracts +€7,569
up €7,569 (+61.8%), from €12,242 to €19,811
- Cash -€2,085
down €2,085 (-29.8%), from €6,997 to €4,912
mainly Stocks and contracts (-€7,569) and Debts after one year (-€3,032)
- Receivables within one year +€2,018
up €2,018 (+15.3%), from €13,153 to €15,171
- Intangible fixed assets -€860
down €860 (-37.9%), from €2,271 to €1,412
- Trade debts +€9,027
up €9,027 (+26.3%), from €34,287 to €43,313
- Debts after one year -€3,032
down €3,032 (-10.4%), from €29,071 to €26,039
- Tax, wage and social debts -€903
down €903 (-35.3%), from €2,558 to €1,655
of which Taxes: -€826
- Profit (loss) carried forward +€875
up €875 (+1.8%), from -€49,114 to -€48,240
- Gross operating margin +€29,693
up €29,693, from -€24,707 to €4,986
- Staff costs -€20,837
no longer reported in 2025 (was €20,837)
- Other operating charges +€1,046
up €1,046 (+134.2%), from €779 to €1,826
- Financial charges -€625
down €625 (-31.3%), from €2,000 to €1,374
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 | €34,788 | €41,305 | +€6,518 | +18.7% |
| Fixed assets | 21/28 | €2,396 | €1,412 | -€985 | -41.1% |
| Intangible fixed assets | 21 | €2,271 | €1,412 | -€860 | -37.9% |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €32,391 | €39,894 | +€7,502 | +23.2% |
| Stocks and contracts in progress | 3 | €12,242 | €19,811 | +€7,569 | +61.8% |
| Stocks | 30/36 | €12,242 | €19,811 | +€7,569 | +61.8% |
| Amounts receivable within one year | 40/41 | €13,153 | €15,171 | +€2,018 | +15.3% |
| Trade receivables | 40 | €13,153 | €15,171 | +€2,018 | +15.3% |
| Cash at bank and in hand | 54/58 | €6,997 | €4,912 | -€2,085 | -29.8% |
| Total equity and liabilities | 10/49 | €34,788 | €41,305 | +€6,518 | +18.7% |
| Equity | 10/15 | -€44,114 | -€43,240 | +€875 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,114 | -€48,240 | +€875 | +1.8% |
| Amounts payable | 17/49 | €78,902 | €84,545 | +€5,643 | +7.2% |
| Amounts payable after more than one year | 17 | €29,071 | €26,039 | -€3,032 | -10.4% |
| Financial debts | 170/4 | €29,071 | €26,039 | -€3,032 | -10.4% |
| Amounts payable within one year | 42/48 | €49,831 | €58,506 | +€8,675 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €4,742 | €5,032 | +€290 | +6.1% |
| Financial debts | 43 | €8,245 | €8,506 | +€261 | +3.2% |
| Credit institutions | 430/8 | €8,245 | €8,506 | +€261 | +3.2% |
| Trade debts | 44 | €34,287 | €43,313 | +€9,027 | +26.3% |
| Suppliers | 440/4 | €34,287 | €43,313 | +€9,027 | +26.3% |
| Taxes, remuneration and social security | 45 | €2,558 | €1,655 | -€903 | -35.3% |
| Taxes | 450/3 | €2,481 | €1,655 | -€826 | -33.3% |
| Remuneration and social security | 454/9 | €77 | - | -€77 | |
| Non-recurring operating income | 76A | - | €77 | +€77 | |
| Remuneration, social security and pensions | 62 | €20,837 | - | -€20,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791 | €860 | +€69 | +8.7% |
| Other operating charges | 640/8 | €779 | €1,826 | +€1,046 | +134.2% |
| Gross operating margin | 9900 | -€24,707 | €4,986 | +€29,693 | |
| Operating profit (loss) | 9901 | -€47,115 | €2,301 | +€49,416 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €2,000 | €1,374 | -€625 | -31.3% |
| Recurring financial charges | 65 | €2,000 | €1,374 | -€625 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,114 | €937 | +€50,052 | |
| Income taxes | 67/77 | - | €63 | +€63 | |
| Profit (loss) for the period | 9904 | -€49,114 | €875 | +€49,989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,114 | €875 | +€49,989 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.