TERRACOTTA: 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.
TERRACOTTA
Largest movements
- Cash -€5,830
down €5,830 (-2.7%), from €213,840 to €208,010
mainly Tax, wage and social debts (-€13,102) and Receivables within one year (-€4,802)
- Receivables within one year +€4,802
new in 2024: €4,802
- Tangible fixed assets -€4,235
down €4,235 (-37.2%), from €11,371 to €7,136
- Tax, wage and social debts -€13,102
down €13,102 (-96.6%), from €13,567 to €465
of which Taxes: -€12,844
- Trade debts +€7,499
up €7,499 (+128%), from €5,849 to €13,348
- Gross operating margin -€29,520
down €29,520 (-42.6%), from €69,305 to €39,785
- Taxes -€25,518
down €25,518, from €22,416 to -€3,102
- Other operating charges +€7,297
up €7,297 (+188%), from €3,890 to €11,187
- Staff costs +€6,673
up €6,673 (+39.8%), from €16,766 to €23,439
- Depreciation -€2,938
down €2,938 (-41.0%), from €7,173 to €4,235
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 | €234,991 | €230,665 | -€4,326 | -1.8% |
| Fixed assets | 21/28 | €15,766 | €11,531 | -€4,235 | -26.9% |
| Tangible fixed assets | 22/27 | €11,371 | €7,136 | -€4,235 | -37.2% |
| Plant, machinery and equipment | 23 | €5,155 | €3,103 | -€2,052 | -39.8% |
| Furniture and vehicles | 24 | €5,408 | €4,033 | -€1,375 | -25.4% |
| Other tangible fixed assets | 26 | €808 | - | -€808 | |
| Financial fixed assets | 28 | €4,395 | €4,395 | = | 0.0% |
| Current assets | 29/58 | €219,225 | €219,134 | -€91 | 0.0% |
| Stocks and contracts in progress | 3 | €5,385 | €5,960 | +€575 | +10.7% |
| Stocks | 30/36 | €5,385 | €5,960 | +€575 | +10.7% |
| Amounts receivable within one year | 40/41 | - | €4,802 | +€4,802 | |
| Other amounts receivable | 41 | - | €4,802 | +€4,802 | |
| Cash at bank and in hand | 54/58 | €213,840 | €208,010 | -€5,830 | -2.7% |
| Deferred charges and accrued income | 490/1 | - | €362 | +€362 | |
| Total equity and liabilities | 10/49 | €234,991 | €230,665 | -€4,326 | -1.8% |
| Equity | 10/15 | €215,575 | €216,852 | +€1,277 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,846 | €86,846 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,986 | €84,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,529 | €123,806 | +€1,277 | +1.0% |
| Amounts payable | 17/49 | €19,416 | €13,813 | -€5,603 | -28.9% |
| Amounts payable within one year | 42/48 | €19,416 | €13,813 | -€5,603 | -28.9% |
| Trade debts | 44 | €5,849 | €13,348 | +€7,499 | +128% |
| Suppliers | 440/4 | €5,849 | €13,348 | +€7,499 | +128% |
| Taxes, remuneration and social security | 45 | €13,567 | €465 | -€13,102 | -96.6% |
| Taxes | 450/3 | €12,844 | - | -€12,844 | |
| Remuneration and social security | 454/9 | €723 | €465 | -€258 | -35.7% |
| Remuneration, social security and pensions | 62 | €16,766 | €23,439 | +€6,673 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,173 | €4,235 | -€2,938 | -41.0% |
| Other operating charges | 640/8 | €3,890 | €11,187 | +€7,297 | +188% |
| Gross operating margin | 9900 | €69,305 | €39,785 | -€29,520 | -42.6% |
| Operating profit (loss) | 9901 | €41,476 | €924 | -€40,552 | -97.8% |
| Financial charges | 65/66B | - | €2,749 | +€2,749 | |
| Recurring financial charges | 65 | - | €2,749 | +€2,749 | |
| Non-recurring financial charges | 66B | - | €2,749 | +€2,749 | |
| Profit (loss) for the period before taxes | 9903 | €41,476 | -€1,825 | -€43,301 | |
| Income taxes | 67/77 | €22,416 | -€3,102 | -€25,518 | |
| Profit (loss) for the period | 9904 | €19,060 | €1,277 | -€17,783 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,060 | €1,277 | -€17,783 | -93.3% |
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 14 October 2026 via checked.be.