TERRA TEAM: 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 TEAM
Largest movements
- Receivables within one year +€46,109
up €46,109 (+41.5%), from €111,203 to €157,312
of which Other amounts receivable: +€57,497
- Tangible fixed assets -€8,149
down €8,149 (-63.6%), from €12,810 to €4,662
of which Furniture and vehicles: -€7,442
- Cash +€7,513
new in 2025: €7,513
mainly Net result for the year (+€50,637) and Trade debts (+€10,166)
- Receivables after one year +€4,532
up €4,532 (+2.8%), from €160,142 to €164,674
- Reserves +€50,000
up €50,000 (+58.8%), from €84,987 to €134,987
- Trade debts +€10,166
up €10,166 (+76.1%), from €13,362 to €23,528
- Tax, wage and social debts -€4,248
down €4,248 (-9.0%), from €47,355 to €43,107
of which Taxes: -€5,748
- Debts after one year -€3,459
no longer reported in 2025 (was €3,459)
- Gross operating margin +€63,034
up €63,034 (+275%), from €22,888 to €85,922
- Taxes +€16,299
up €16,299 (+157%), from €10,401 to €26,700
- Other operating charges +€5,413
up €5,413 (+275%), from €1,971 to €7,384
- Financial income +€2,941
up €2,941 (+34.5%), from €8,524 to €11,465
- Financial charges +€2,612
up €2,612 (+137%), from €1,904 to €4,517
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 | €285,543 | €335,565 | +€50,022 | +17.5% |
| Fixed assets | 21/28 | €12,810 | €4,662 | -€8,149 | -63.6% |
| Tangible fixed assets | 22/27 | €12,810 | €4,662 | -€8,149 | -63.6% |
| Plant, machinery and equipment | 23 | €1,738 | €1,032 | -€707 | -40.7% |
| Furniture and vehicles | 24 | €11,072 | €3,630 | -€7,442 | -67.2% |
| Current assets | 29/58 | €272,733 | €330,903 | +€58,171 | +21.3% |
| Amounts receivable after more than one year | 29 | €160,142 | €164,674 | +€4,532 | +2.8% |
| Other amounts receivable | 291 | €160,142 | €164,674 | +€4,532 | +2.8% |
| Amounts receivable within one year | 40/41 | €111,203 | €157,312 | +€46,109 | +41.5% |
| Trade receivables | 40 | €11,388 | - | -€11,388 | |
| Other amounts receivable | 41 | €99,816 | €157,312 | +€57,497 | +57.6% |
| Cash at bank and in hand | 54/58 | - | €7,513 | +€7,513 | |
| Deferred charges and accrued income | 490/1 | €1,387 | €1,404 | +€17 | +1.2% |
| Total equity and liabilities | 10/49 | €285,543 | €335,565 | +€50,022 | +17.5% |
| Equity | 10/15 | €214,710 | €265,348 | +€50,637 | +23.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €84,987 | €134,987 | +€50,000 | +58.8% |
| Distributable reserves | 133 | €84,987 | €134,987 | +€50,000 | +58.8% |
| Profit (loss) carried forward | 14 | €109,264 | €109,901 | +€637 | +0.6% |
| Amounts payable | 17/49 | €70,833 | €70,217 | -€615 | -0.9% |
| Amounts payable after more than one year | 17 | €3,459 | - | -€3,459 | |
| Financial debts | 170/4 | €3,459 | - | -€3,459 | |
| Amounts payable within one year | 42/48 | €67,373 | €70,217 | +€2,844 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €6,650 | €3,582 | -€3,068 | -46.1% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €13,362 | €23,528 | +€10,166 | +76.1% |
| Suppliers | 440/4 | €13,362 | €23,528 | +€10,166 | +76.1% |
| Taxes, remuneration and social security | 45 | €47,355 | €43,107 | -€4,248 | -9.0% |
| Taxes | 450/3 | €47,355 | €41,607 | -€5,748 | -12.1% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,149 | €8,149 | = | 0.0% |
| Other operating charges | 640/8 | €1,971 | €7,384 | +€5,413 | +275% |
| Gross operating margin | 9900 | €22,888 | €85,922 | +€63,034 | +275% |
| Operating profit (loss) | 9901 | €12,768 | €70,389 | +€57,620 | +451% |
| Financial income | 75/76B | €8,524 | €11,465 | +€2,941 | +34.5% |
| Recurring financial income | 75 | €8,524 | €11,465 | +€2,941 | +34.5% |
| Financial charges | 65/66B | €1,904 | €4,517 | +€2,612 | +137% |
| Recurring financial charges | 65 | €1,904 | €4,517 | +€2,612 | +137% |
| Profit (loss) for the period before taxes | 9903 | €19,388 | €77,337 | +€57,950 | +299% |
| Income taxes | 67/77 | €10,401 | €26,700 | +€16,299 | +157% |
| Profit (loss) for the period | 9904 | €8,987 | €50,637 | +€41,650 | +463% |
| Profit (loss) for the period to be appropriated | 9905 | €8,987 | €50,637 | +€41,650 | +463% |
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 31 October 2026 via checked.be.