TERRA-TRANS: 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-TRANS
Largest movements
- Receivables within one year -€805,441
down €805,441 (-16.5%), from €4.9m to €4.1m
of which Trade receivables: -€1.3m
- Tangible fixed assets -€296,870
down €296,870 (-34.4%), from €863,145 to €566,274
of which Leasing and similar rights: -€192,113
- Cash +€174,390
up €174,390 (+34.5%), from €505,247 to €679,637
mainly Receivables within one year (+€805,441) and Net result for the year (+€268,689)
- Financial fixed assets +€96,834
up €96,834 (+7.7%), from €1.3m to €1.4m
- Trade debts -€1.0m
down €1.0m (-28.4%), from €3.6m to €2.5m
- Profit (loss) carried forward +€268,689
up €268,689 (+11.6%), from €2.3m to €2.6m
- Accrued charges and deferred income +€177,708
up €177,708 (+278%), from €64,035 to €241,744
- Debts after one year -€168,689
down €168,689 (-44.8%), from €376,302 to €207,613
- Tax, wage and social debts -€85,491
down €85,491 (-75.4%), from €113,389 to €27,899
- Gross operating margin -€1.4m
down €1.4m (-75.9%), from €1.8m to €443,061
- Taxes -€356,702
down €356,702 (-79.2%), from €450,197 to €93,495
- Depreciation +€56,931
up €56,931 (+45.3%), from €125,697 to €182,628
- Financial income +€28,871
up €28,871 (+28.8%), from €100,248 to €129,119
- Write-downs -€24,281
down €24,281 (-100%), from €24,281 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 | €7,531,072 | €6,690,834 | -€840,238 | -11.2% |
| Fixed assets | 21/28 | €2,120,340 | €1,920,304 | -€200,036 | -9.4% |
| Tangible fixed assets | 22/27 | €863,145 | €566,274 | -€296,870 | -34.4% |
| Furniture and vehicles | 24 | €404,521 | €299,764 | -€104,757 | -25.9% |
| Leasing and similar rights | 25 | €458,624 | €266,510 | -€192,113 | -41.9% |
| Financial fixed assets | 28 | €1,257,195 | €1,354,029 | +€96,834 | +7.7% |
| Current assets | 29/58 | €5,410,732 | €4,770,530 | -€640,202 | -11.8% |
| Amounts receivable within one year | 40/41 | €4,890,876 | €4,085,435 | -€805,441 | -16.5% |
| Trade receivables | 40 | €3,777,788 | €2,442,115 | -€1.3m | -35.4% |
| Other amounts receivable | 41 | €1,113,088 | €1,643,320 | +€530,232 | +47.6% |
| Cash at bank and in hand | 54/58 | €505,247 | €679,637 | +€174,390 | +34.5% |
| Deferred charges and accrued income | 490/1 | €14,609 | €5,459 | -€9,150 | -62.6% |
| Total equity and liabilities | 10/49 | €7,531,072 | €6,690,834 | -€840,238 | -11.2% |
| Equity | 10/15 | €2,476,172 | €2,744,861 | +€268,689 | +10.9% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €120,215 | €120,215 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €120,215 | €120,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,318,757 | €2,587,446 | +€268,689 | +11.6% |
| Amounts payable | 17/49 | €5,054,900 | €3,945,973 | -€1.1m | -21.9% |
| Amounts payable after more than one year | 17 | €376,302 | €207,613 | -€168,689 | -44.8% |
| Financial debts | 170/4 | €376,302 | €207,613 | -€168,689 | -44.8% |
| Amounts payable within one year | 42/48 | €4,614,563 | €3,496,616 | -€1.1m | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €99,600 | €78,607 | -€20,992 | -21.1% |
| Trade debts | 44 | €3,561,448 | €2,549,985 | -€1.0m | -28.4% |
| Suppliers | 440/4 | €3,561,448 | €2,549,985 | -€1.0m | -28.4% |
| Taxes, remuneration and social security | 45 | €113,389 | €27,899 | -€85,491 | -75.4% |
| Taxes | 450/3 | €113,389 | €27,899 | -€85,491 | -75.4% |
| Other amounts payable | 47/48 | €840,126 | €840,126 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €64,035 | €241,744 | +€177,708 | +278% |
| Non-recurring operating income | 76A | - | €13,093 | +€13,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,697 | €182,628 | +€56,931 | +45.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,281 | €0 | -€24,281 | -100% |
| Other operating charges | 640/8 | €3,030 | €10,070 | +€7,040 | +232% |
| Gross operating margin | 9900 | €1,839,547 | €443,061 | -€1.4m | -75.9% |
| Operating profit (loss) | 9901 | €1,686,539 | €250,363 | -€1.4m | -85.2% |
| Financial income | 75/76B | €100,248 | €129,119 | +€28,871 | +28.8% |
| Recurring financial income | 75 | €100,248 | €129,119 | +€28,871 | +28.8% |
| Financial charges | 65/66B | €16,556 | €17,297 | +€742 | +4.5% |
| Recurring financial charges | 65 | €16,556 | €17,297 | +€742 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,770,231 | €362,184 | -€1.4m | -79.5% |
| Income taxes | 67/77 | €450,197 | €93,495 | -€356,702 | -79.2% |
| Profit (loss) for the period | 9904 | €1,320,033 | €268,689 | -€1.1m | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,320,033 | €268,689 | -€1.1m | -79.6% |
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 1 November 2026 via checked.be.