TERRA-TERRE: 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-TERRE
Largest movements
- Receivables within one year +€30,779
up €30,779 (+299%), from €10,297 to €41,076
of which Trade receivables: +€31,863
- Tangible fixed assets -€4,185
down €4,185 (-37.0%), from €11,320 to €7,135
of which Furniture and vehicles: -€4,000
- Cash +€2,706
up €2,706 (+74.9%), from €3,613 to €6,320
mainly Trade debts (+€15,355) and Net result for the year (+€14,416)
- Deferred charges and accrued income +€739
new in 2024: €739
- Trade debts +€15,355
up €15,355 (+1,441%), from €1,065 to €16,421
- Profit (loss) carried forward +€14,416
up €14,416, from -€6,479 to €7,937
- Gross operating margin +€25,096
up €25,096, from -€2,746 to €22,350
- Depreciation +€2,709
up €2,709 (+184%), from €1,476 to €4,185
- Other operating charges -€1,432
down €1,432 (-94.2%), from €1,520 to €89
- Staff costs +€657
up €657 (+23.1%), from €2,844 to €3,501
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,130 | €56,169 | +€30,039 | +115% |
| Fixed assets | 21/28 | €12,220 | €8,035 | -€4,185 | -34.2% |
| Tangible fixed assets | 22/27 | €11,320 | €7,135 | -€4,185 | -37.0% |
| Plant, machinery and equipment | 23 | €186 | - | -€186 | |
| Furniture and vehicles | 24 | €11,134 | €7,135 | -€4,000 | -35.9% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €13,910 | €48,134 | +€34,224 | +246% |
| Amounts receivable within one year | 40/41 | €10,297 | €41,076 | +€30,779 | +299% |
| Trade receivables | 40 | €6,228 | €38,091 | +€31,863 | +512% |
| Other amounts receivable | 41 | €4,069 | €2,985 | -€1,083 | -26.6% |
| Cash at bank and in hand | 54/58 | €3,613 | €6,320 | +€2,706 | +74.9% |
| Deferred charges and accrued income | 490/1 | - | €739 | +€739 | |
| Total equity and liabilities | 10/49 | €26,130 | €56,169 | +€30,039 | +115% |
| Equity | 10/15 | €23,368 | €37,784 | +€14,416 | +61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,247 | €11,247 | = | 0.0% |
| Distributable reserves | 133 | €11,247 | €11,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,479 | €7,937 | +€14,416 | |
| Amounts payable | 17/49 | €2,762 | €18,385 | +€15,623 | +566% |
| Amounts payable within one year | 42/48 | €2,762 | €18,385 | +€15,623 | +566% |
| Trade debts | 44 | €1,065 | €16,421 | +€15,355 | +1,441% |
| Suppliers | 440/4 | €1,065 | €16,421 | +€15,355 | +1,441% |
| Taxes, remuneration and social security | 45 | €1,696 | €1,964 | +€268 | +15.8% |
| Taxes | 450/3 | €1,696 | €1,964 | +€268 | +15.8% |
| Remuneration, social security and pensions | 62 | €2,844 | €3,501 | +€657 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €4,185 | +€2,709 | +184% |
| Other operating charges | 640/8 | €1,520 | €89 | -€1,432 | -94.2% |
| Non-recurring operating charges | 66A | €10,383 | €189 | -€10,194 | -98.2% |
| Gross operating margin | 9900 | -€2,746 | €22,350 | +€25,096 | |
| Operating profit (loss) | 9901 | -€18,969 | €14,385 | +€33,355 | |
| Financial income | 75/76B | €135 | €249 | +€114 | +84.1% |
| Recurring financial income | 75 | €135 | €249 | +€114 | +84.1% |
| Financial charges | 65/66B | €142 | €80 | -€62 | -43.7% |
| Recurring financial charges | 65 | €142 | €80 | -€62 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,976 | €14,555 | +€33,530 | |
| Income taxes | 67/77 | -€4 | €139 | +€143 | |
| Profit (loss) for the period | 9904 | -€18,972 | €14,416 | +€33,387 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,972 | €14,416 | +€33,387 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.