TERRACHIARA: 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.
TERRACHIARA
Largest movements
- Receivables within one year +€57,927
up €57,927 (+265%), from €21,889 to €79,816
of which Trade receivables: +€39,190
- Cash -€28,556
down €28,556 (-46.6%), from €61,311 to €32,755
mainly Receivables within one year (-€57,927) and Other debts (-€15,891)
- Tangible fixed assets -€5,670
down €5,670 (-100%), from €5,670 to €0
- Stocks and contracts -€5,280
down €5,280 (-48.7%), from €10,833 to €5,553
- Profit (loss) carried forward +€22,883
up €22,883 (+97.7%), from -€23,423 to -€540
- Other debts -€15,891
no longer reported in 2023 (was €15,891)
- Trade debts +€9,823
up €9,823 (+115%), from €8,505 to €18,328
- Tax, wage and social debts +€2,292
up €2,292 (+10.8%), from €21,137 to €23,429
of which Taxes: +€5,894
- Gross operating margin +€8,574
up €8,574 (+13.5%), from €63,461 to €72,035
- Other operating charges +€2,558
up €2,558 (+267%), from €958 to €3,516
- Staff costs +€1,223
up €1,223 (+3.9%), from €31,004 to €32,226
- Depreciation +€931
up €931 (+19.6%), from €4,739 to €5,670
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,148 | €120,254 | +€19,106 | +18.9% |
| Fixed assets | 21/28 | €6,660 | €991 | -€5,670 | -85.1% |
| Tangible fixed assets | 22/27 | €5,670 | €0 | -€5,670 | -100% |
| Furniture and vehicles | 24 | €5,670 | €0 | -€5,670 | -100% |
| Financial fixed assets | 28 | €991 | €991 | = | 0.0% |
| Current assets | 29/58 | €94,488 | €119,264 | +€24,776 | +26.2% |
| Stocks and contracts in progress | 3 | €10,833 | €5,553 | -€5,280 | -48.7% |
| Stocks | 30/36 | €10,833 | €5,553 | -€5,280 | -48.7% |
| Amounts receivable within one year | 40/41 | €21,889 | €79,816 | +€57,927 | +265% |
| Trade receivables | 40 | €21,733 | €60,923 | +€39,190 | +180% |
| Other amounts receivable | 41 | €156 | €18,893 | +€18,737 | +12,010% |
| Cash at bank and in hand | 54/58 | €61,311 | €32,755 | -€28,556 | -46.6% |
| Deferred charges and accrued income | 490/1 | €455 | €1,140 | +€685 | +150% |
| Total equity and liabilities | 10/49 | €101,148 | €120,254 | +€19,106 | +18.9% |
| Equity | 10/15 | €55,351 | €78,234 | +€22,883 | +41.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €60,182 | €60,182 | = | 0.0% |
| Distributable reserves | 133 | €60,182 | €60,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,423 | -€540 | +€22,883 | +97.7% |
| Amounts payable | 17/49 | €45,797 | €42,020 | -€3,777 | -8.2% |
| Amounts payable within one year | 42/48 | €45,534 | €41,757 | -€3,777 | -8.3% |
| Trade debts | 44 | €8,505 | €18,328 | +€9,823 | +115% |
| Suppliers | 440/4 | €8,505 | €18,328 | +€9,823 | +115% |
| Taxes, remuneration and social security | 45 | €21,137 | €23,429 | +€2,292 | +10.8% |
| Taxes | 450/3 | €17,267 | €23,161 | +€5,894 | +34.1% |
| Remuneration and social security | 454/9 | €3,870 | €268 | -€3,602 | -93.1% |
| Other amounts payable | 47/48 | €15,891 | - | -€15,891 | |
| Accrued charges and deferred income | 492/3 | €263 | €263 | = | 0.0% |
| Non-recurring operating income | 76A | €799 | €1,880 | +€1,081 | +135% |
| Remuneration, social security and pensions | 62 | €31,004 | €32,226 | +€1,223 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,739 | €5,670 | +€931 | +19.6% |
| Other operating charges | 640/8 | €958 | €3,516 | +€2,558 | +267% |
| Non-recurring operating charges | 66A | €2,772 | - | -€2,772 | |
| Gross operating margin | 9900 | €63,461 | €72,035 | +€8,574 | +13.5% |
| Operating profit (loss) | 9901 | €23,988 | €30,623 | +€6,636 | +27.7% |
| Financial income | 75/76B | €245 | - | -€245 | |
| Recurring financial income | 75 | €245 | - | -€245 | |
| Financial charges | 65/66B | €516 | €113 | -€403 | -78.1% |
| Recurring financial charges | 65 | €516 | €113 | -€403 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €23,717 | €30,510 | +€6,793 | +28.6% |
| Income taxes | 67/77 | €7,648 | €7,628 | -€20 | -0.3% |
| Profit (loss) for the period | 9904 | €16,069 | €22,883 | +€6,813 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,069 | €22,883 | +€6,813 | +42.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.