TERRACIME: 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.
TERRACIME
Largest movements
- Tangible fixed assets +€62,162
up €62,162 (+443%), from €14,040 to €76,202
of which Plant, machinery and equipment: +€44,441
- Receivables within one year +€29,372
up €29,372 (+214%), from €13,704 to €43,076
of which Trade receivables: +€19,242
- Cash +€6,371
up €6,371 (+9.4%), from €67,803 to €74,175
mainly Net result for the year (+€48,140) and Debts after one year (+€32,553)
- Intangible fixed assets -€2,406
down €2,406 (-30.5%), from €7,899 to €5,493
- Reserves +€48,140
up €48,140 (+70.8%), from €67,993 to €116,132
- Debts after one year +€32,553
new in 2025: €32,553
- Tax, wage and social debts +€8,842
up €8,842 (+85.3%), from €10,363 to €19,205
of which Taxes: +€8,495
- Other debts +€6,466
up €6,466 (+80.9%), from €7,990 to €14,455
- Trade debts -€2,666
down €2,666 (-32.9%), from €8,109 to €5,444
- Gross operating margin +€50,409
up €50,409 (+106%), from €47,425 to €97,834
- Staff costs +€11,262
up €11,262 (+437%), from €2,575 to €13,837
- Taxes +€9,341
up €9,341 (+106%), from €8,828 to €18,169
- Depreciation +€2,863
up €2,863 (+21.1%), from €13,568 to €16,431
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 | €106,473 | €201,434 | +€94,961 | +89.2% |
| Fixed assets | 21/28 | €22,144 | €82,035 | +€59,891 | +270% |
| Intangible fixed assets | 21 | €7,899 | €5,493 | -€2,406 | -30.5% |
| Tangible fixed assets | 22/27 | €14,040 | €76,202 | +€62,162 | +443% |
| Plant, machinery and equipment | 23 | €5,696 | €50,137 | +€44,441 | +780% |
| Furniture and vehicles | 24 | €8,344 | €26,066 | +€17,721 | +212% |
| Financial fixed assets | 28 | €205 | €340 | +€135 | +65.9% |
| Current assets | 29/58 | €84,329 | €119,399 | +€35,070 | +41.6% |
| Amounts receivable within one year | 40/41 | €13,704 | €43,076 | +€29,372 | +214% |
| Trade receivables | 40 | €10,271 | €29,513 | +€19,242 | +187% |
| Other amounts receivable | 41 | €3,433 | €13,563 | +€10,130 | +295% |
| Cash at bank and in hand | 54/58 | €67,803 | €74,175 | +€6,371 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,822 | €2,148 | -€673 | -23.9% |
| Total equity and liabilities | 10/49 | €106,473 | €201,434 | +€94,961 | +89.2% |
| Equity | 10/15 | €74,190 | €122,330 | +€48,140 | +64.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €67,993 | €116,132 | +€48,140 | +70.8% |
| Distributable reserves | 133 | €67,993 | €116,132 | +€48,140 | +70.8% |
| Amounts payable | 17/49 | €32,283 | €79,104 | +€46,821 | +145% |
| Amounts payable after more than one year | 17 | - | €32,553 | +€32,553 | |
| Financial debts | 170/4 | - | €32,553 | +€32,553 | |
| Amounts payable within one year | 42/48 | €32,283 | €46,551 | +€14,268 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €5,821 | €7,447 | +€1,626 | +27.9% |
| Trade debts | 44 | €8,109 | €5,444 | -€2,666 | -32.9% |
| Suppliers | 440/4 | €8,109 | €5,444 | -€2,666 | -32.9% |
| Taxes, remuneration and social security | 45 | €10,363 | €19,205 | +€8,842 | +85.3% |
| Taxes | 450/3 | €9,687 | €18,182 | +€8,495 | +87.7% |
| Remuneration and social security | 454/9 | €675 | €1,023 | +€347 | +51.4% |
| Other amounts payable | 47/48 | €7,990 | €14,455 | +€6,466 | +80.9% |
| Remuneration, social security and pensions | 62 | €2,575 | €13,837 | +€11,262 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,568 | €16,431 | +€2,863 | +21.1% |
| Other operating charges | 640/8 | €1,014 | €865 | -€149 | -14.7% |
| Non-recurring operating charges | 66A | €198 | - | -€198 | |
| Gross operating margin | 9900 | €47,425 | €97,834 | +€50,409 | +106% |
| Operating profit (loss) | 9901 | €30,070 | €66,701 | +€36,632 | +122% |
| Financial income | 75/76B | €0 | €3 | +€2 | +656% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +656% |
| Financial charges | 65/66B | €360 | €395 | +€35 | +9.8% |
| Recurring financial charges | 65 | €360 | €395 | +€35 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €29,710 | €66,309 | +€36,599 | +123% |
| Income taxes | 67/77 | €8,828 | €18,169 | +€9,341 | +106% |
| Profit (loss) for the period | 9904 | €20,882 | €48,140 | +€27,257 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €20,882 | €48,140 | +€27,257 | +131% |
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 21 October 2026 via checked.be.