TERRA-SOL: 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-SOL
Largest movements
- Receivables within one year -€91,771
down €91,771 (-37.3%), from €246,124 to €154,353
of which Trade receivables: -€91,003
- Cash +€60,329
up €60,329 (+270%), from €22,361 to €82,690
mainly Receivables within one year (+€91,771) and Depreciation (+€39,739)
- Tangible fixed assets +€51,031
up €51,031 (+54.0%), from €94,437 to €145,468
of which Land and buildings: +€53,028
- Trade debts -€44,547
down €44,547 (-41.8%), from €106,529 to €61,982
- Current portion of long-term debt +€32,710
up €32,710 (+492%), from €6,642 to €39,352
- Profit (loss) carried forward +€16,495
up €16,495 (+3,676%), from €449 to €16,943
- Tax, wage and social debts +€11,677
up €11,677 (+35.4%), from €32,970 to €44,647
of which Taxes: +€9,927
- Other debts -€9,063
down €9,063 (-15.7%), from €57,711 to €48,648
- Gross operating margin -€205,161
down €205,161 (-86.7%), from €236,550 to €31,389
- Write-downs -€74,486
down €74,486, from €37,243 to -€37,243
- Taxes -€26,772
down €26,772 (-84.4%), from €31,713 to €4,941
- Depreciation +€21,567
up €21,567 (+119%), from €18,172 to €39,739
- Other operating charges +€2,683
up €2,683 (+344%), from €779 to €3,463
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 | €364,505 | €384,531 | +€20,026 | +5.5% |
| Fixed assets | 21/28 | €94,437 | €145,468 | +€51,031 | +54.0% |
| Tangible fixed assets | 22/27 | €94,437 | €145,468 | +€51,031 | +54.0% |
| Land and buildings | 22 | - | €53,028 | +€53,028 | |
| Plant, machinery and equipment | 23 | €79,408 | €67,257 | -€12,151 | -15.3% |
| Furniture and vehicles | 24 | €15,029 | €25,183 | +€10,154 | +67.6% |
| Current assets | 29/58 | €270,068 | €239,062 | -€31,006 | -11.5% |
| Amounts receivable within one year | 40/41 | €246,124 | €154,353 | -€91,771 | -37.3% |
| Trade receivables | 40 | €220,931 | €129,928 | -€91,003 | -41.2% |
| Other amounts receivable | 41 | €25,193 | €24,425 | -€769 | -3.1% |
| Cash at bank and in hand | 54/58 | €22,361 | €82,690 | +€60,329 | +270% |
| Deferred charges and accrued income | 490/1 | €1,583 | €2,019 | +€437 | +27.6% |
| Total equity and liabilities | 10/49 | €364,505 | €384,531 | +€20,026 | +5.5% |
| Equity | 10/15 | €142,449 | €163,943 | +€21,495 | +15.1% |
| Contributions | 10/11 | €5,000 | €10,000 | +€5,000 | +100% |
| Reserves | 13 | €137,000 | €137,000 | = | 0.0% |
| Distributable reserves | 133 | €137,000 | €137,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449 | €16,943 | +€16,495 | +3,676% |
| Amounts payable | 17/49 | €222,056 | €220,587 | -€1,469 | -0.7% |
| Amounts payable after more than one year | 17 | €17,917 | €25,959 | +€8,042 | +44.9% |
| Financial debts | 170/4 | €17,917 | €25,959 | +€8,042 | +44.9% |
| Amounts payable within one year | 42/48 | €203,851 | €194,628 | -€9,223 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €6,642 | €39,352 | +€32,710 | +492% |
| Trade debts | 44 | €106,529 | €61,982 | -€44,547 | -41.8% |
| Suppliers | 440/4 | €106,529 | €61,982 | -€44,547 | -41.8% |
| Taxes, remuneration and social security | 45 | €32,970 | €44,647 | +€11,677 | +35.4% |
| Taxes | 450/3 | €32,970 | €42,896 | +€9,927 | +30.1% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €57,711 | €48,648 | -€9,063 | -15.7% |
| Accrued charges and deferred income | 492/3 | €288 | - | -€288 | |
| Non-recurring operating income | 76A | - | €563 | +€563 | |
| Remuneration, social security and pensions | 62 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,172 | €39,739 | +€21,567 | +119% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,243 | -€37,243 | -€74,486 | |
| Other operating charges | 640/8 | €779 | €3,463 | +€2,683 | +344% |
| Gross operating margin | 9900 | €236,550 | €31,389 | -€205,161 | -86.7% |
| Operating profit (loss) | 9901 | €180,355 | €25,310 | -€155,045 | -86.0% |
| Financial income | 75/76B | €0 | €931 | +€931 | +4,653,250% |
| Recurring financial income | 75 | €0 | €931 | +€931 | +4,653,250% |
| Financial charges | 65/66B | €3,924 | €4,806 | +€881 | +22.5% |
| Recurring financial charges | 65 | €3,924 | €4,806 | +€881 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €176,431 | €21,436 | -€154,996 | -87.9% |
| Income taxes | 67/77 | €31,713 | €4,941 | -€26,772 | -84.4% |
| Profit (loss) for the period | 9904 | €144,719 | €16,495 | -€128,224 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,719 | €16,495 | -€128,224 | -88.6% |
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 16 October 2026 via checked.be.