Terra SVDS: 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 SVDS
Largest movements
- Receivables within one year +€114,762
up €114,762 (+187%), from €61,305 to €176,067
of which Other amounts receivable: +€115,203
- Cash +€52,532
up €52,532 (+48.2%), from €108,929 to €161,461
mainly Net result for the year (+€194,508) and Depreciation (+€29,894)
- Tangible fixed assets -€29,894
down €29,894 (-2.7%), from €1.1m to €1.1m
- Reserves +€194,508
up €194,508 (+59.3%), from €328,111 to €522,619
of which Distributable reserves: +€201,779
- Debts after one year -€62,000
down €62,000 (-9.8%), from €635,500 to €573,500
- Gross operating margin +€168,624
up €168,624 (+52.5%), from €320,942 to €489,566
- Taxes +€69,634
up €69,634 (+344%), from €20,232 to €89,866
- Staff costs -€40,363
down €40,363 (-20.4%), from €197,922 to €157,559
- Write-downs -€5,886
down €5,886 (-100%), from €5,886 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.
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 | €1,267,844 | €1,405,392 | +€137,548 | +10.8% |
| Fixed assets | 21/28 | €1,090,169 | €1,060,275 | -€29,894 | -2.7% |
| Tangible fixed assets | 22/27 | €1,090,169 | €1,060,275 | -€29,894 | -2.7% |
| Land and buildings | 22 | €1,090,169 | €1,060,275 | -€29,894 | -2.7% |
| Current assets | 29/58 | €177,675 | €345,116 | +€167,442 | +94.2% |
| Amounts receivable within one year | 40/41 | €61,305 | €176,067 | +€114,762 | +187% |
| Trade receivables | 40 | €2,968 | €2,527 | -€441 | -14.9% |
| Other amounts receivable | 41 | €58,338 | €173,540 | +€115,203 | +197% |
| Cash at bank and in hand | 54/58 | €108,929 | €161,461 | +€52,532 | +48.2% |
| Deferred charges and accrued income | 490/1 | €7,440 | €7,588 | +€148 | +2.0% |
| Total equity and liabilities | 10/49 | €1,267,844 | €1,405,392 | +€137,548 | +10.8% |
| Equity | 10/15 | €399,834 | €594,341 | +€194,508 | +48.6% |
| Contributions | 10/11 | €71,723 | €71,723 | = | 0.0% |
| Reserves | 13 | €328,111 | €522,619 | +€194,508 | +59.3% |
| Tax-exempt reserves | 132 | €155,266 | €147,995 | -€7,271 | -4.7% |
| Distributable reserves | 133 | €172,845 | €374,624 | +€201,779 | +117% |
| Provisions and deferred taxes | 16 | €37,819 | €36,001 | -€1,818 | -4.8% |
| Deferred taxes | 168 | €37,819 | €36,001 | -€1,818 | -4.8% |
| Amounts payable | 17/49 | €830,192 | €775,049 | -€55,142 | -6.6% |
| Amounts payable after more than one year | 17 | €635,500 | €573,500 | -€62,000 | -9.8% |
| Financial debts | 170/4 | €635,500 | €573,500 | -€62,000 | -9.8% |
| Amounts payable within one year | 42/48 | €193,598 | €201,549 | +€7,951 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €62,000 | €62,000 | = | 0.0% |
| Trade debts | 44 | €17,577 | €16,587 | -€991 | -5.6% |
| Suppliers | 440/4 | €17,577 | €16,587 | -€991 | -5.6% |
| Taxes, remuneration and social security | 45 | €56,383 | €64,081 | +€7,698 | +13.7% |
| Taxes | 450/3 | €36,722 | €47,913 | +€11,190 | +30.5% |
| Remuneration and social security | 454/9 | €19,661 | €16,168 | -€3,492 | -17.8% |
| Other amounts payable | 47/48 | €57,637 | €58,881 | +€1,244 | +2.2% |
| Accrued charges and deferred income | 492/3 | €1,094 | €0 | -€1,094 | -100% |
| Remuneration, social security and pensions | 62 | €197,922 | €157,559 | -€40,363 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,338 | €29,894 | -€1,444 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,886 | €0 | -€5,886 | -100% |
| Other operating charges | 640/8 | €11,146 | €11,519 | +€374 | +3.4% |
| Non-recurring operating charges | 66A | €4,762 | €304 | -€4,458 | -93.6% |
| Gross operating margin | 9900 | €320,942 | €489,566 | +€168,624 | +52.5% |
| Operating profit (loss) | 9901 | €69,888 | €290,289 | +€220,401 | +315% |
| Financial income | 75/76B | €2,336 | €2,233 | -€103 | -4.4% |
| Recurring financial income | 75 | €2,336 | €2,233 | -€103 | -4.4% |
| Financial charges | 65/66B | €11,083 | €9,965 | -€1,117 | -10.1% |
| Recurring financial charges | 65 | €11,083 | €9,965 | -€1,117 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €61,142 | €282,556 | +€221,415 | +362% |
| Transfer from deferred taxes | 780 | €1,818 | €1,818 | = | 0.0% |
| Income taxes | 67/77 | €20,232 | €89,866 | +€69,634 | +344% |
| Profit (loss) for the period | 9904 | €42,727 | €194,508 | +€151,781 | +355% |
| Transfer from tax-exempt reserves | 789 | €7,271 | €7,271 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,998 | €201,779 | +€151,781 | +304% |
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 1 November 2026 via checked.be.