TERRACA: 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.
TERRACA
Largest movements
- Receivables within one year -€235,575
down €235,575 (-58.9%), from €399,656 to €164,081
of which Trade receivables: -€258,806
- Stocks and contracts +€50,211
new in 2025: €50,211
- Tangible fixed assets -€19,863
down €19,863 (-16.8%), from €118,148 to €98,285
of which Leasing and similar rights: -€31,051
- Deferred charges and accrued income +€6,604
new in 2025: €6,604
- Debts after one year -€130,552
down €130,552 (-81.1%), from €160,952 to €30,400
- Trade debts -€40,991
down €40,991 (-38.1%), from €107,535 to €66,544
- Tax, wage and social debts -€34,422
down €34,422 (-82.8%), from €41,571 to €7,149
of which Taxes: -€32,549
- Other debts +€8,948
up €8,948 (+11.1%), from €80,417 to €89,364
- Gross operating margin -€31,416
down €31,416 (-15.2%), from €206,348 to €174,933
- Financial charges -€10,611
down €10,611 (-52.2%), from €20,341 to €9,729
- Taxes -€3,702
down €3,702 (-85.6%), from €4,323 to €621
- Other operating charges -€3,268
down €3,268 (-50.3%), from €6,494 to €3,227
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 | €583,410 | €385,919 | -€197,491 | -33.9% |
| Fixed assets | 21/28 | €123,283 | €103,420 | -€19,863 | -16.1% |
| Tangible fixed assets | 22/27 | €118,148 | €98,285 | -€19,863 | -16.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €49,191 | €35,110 | -€14,081 | -28.6% |
| Furniture and vehicles | 24 | €6,769 | €32,038 | +€25,269 | +373% |
| Leasing and similar rights | 25 | €62,188 | €31,137 | -€31,051 | -49.9% |
| Financial fixed assets | 28 | €5,135 | €5,135 | = | 0.0% |
| Current assets | 29/58 | €460,127 | €282,499 | -€177,628 | -38.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €50,211 | +€50,211 | |
| Contracts in progress | 37 | - | €50,211 | +€50,211 | |
| Amounts receivable within one year | 40/41 | €399,656 | €164,081 | -€235,575 | -58.9% |
| Trade receivables | 40 | €399,550 | €140,744 | -€258,806 | -64.8% |
| Other amounts receivable | 41 | €106 | €23,337 | +€23,231 | +21,947% |
| Cash at bank and in hand | 54/58 | €10,471 | €11,604 | +€1,133 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €6,604 | +€6,604 | |
| Total equity and liabilities | 10/49 | €583,410 | €385,919 | -€197,491 | -33.9% |
| Equity | 10/15 | €144,578 | €145,371 | +€792 | +0.5% |
| Contributions | 10/11 | €22,400 | €22,400 | = | 0.0% |
| Reserves | 13 | €258 | €258 | = | 0.0% |
| Distributable reserves | 133 | €258 | €258 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,921 | €122,713 | +€792 | +0.6% |
| Amounts payable | 17/49 | €438,832 | €240,548 | -€198,283 | -45.2% |
| Amounts payable after more than one year | 17 | €160,952 | €30,400 | -€130,552 | -81.1% |
| Financial debts | 170/4 | €160,952 | €30,400 | -€130,552 | -81.1% |
| Amounts payable within one year | 42/48 | €277,880 | €210,148 | -€67,732 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €48,357 | €47,091 | -€1,266 | -2.6% |
| Trade debts | 44 | €107,535 | €66,544 | -€40,991 | -38.1% |
| Suppliers | 440/4 | €107,535 | €66,544 | -€40,991 | -38.1% |
| Taxes, remuneration and social security | 45 | €41,571 | €7,149 | -€34,422 | -82.8% |
| Taxes | 450/3 | €37,514 | €4,965 | -€32,549 | -86.8% |
| Remuneration and social security | 454/9 | €4,057 | €2,184 | -€1,873 | -46.2% |
| Other amounts payable | 47/48 | €80,417 | €89,364 | +€8,948 | +11.1% |
| Remuneration, social security and pensions | 62 | €112,078 | €111,150 | -€928 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,647 | €49,413 | -€234 | -0.5% |
| Other operating charges | 640/8 | €6,494 | €3,227 | -€3,268 | -50.3% |
| Gross operating margin | 9900 | €206,348 | €174,933 | -€31,416 | -15.2% |
| Operating profit (loss) | 9901 | €38,129 | €11,143 | -€26,986 | -70.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.7% |
| Financial charges | 65/66B | €20,341 | €9,729 | -€10,611 | -52.2% |
| Recurring financial charges | 65 | €20,341 | €9,729 | -€10,611 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €17,789 | €1,414 | -€16,376 | -92.1% |
| Income taxes | 67/77 | €4,323 | €621 | -€3,702 | -85.6% |
| Profit (loss) for the period | 9904 | €13,466 | €792 | -€12,674 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,466 | €792 | -€12,674 | -94.1% |
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.