TERRADEL: 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.
TERRADEL
Largest movements
- Tangible fixed assets -€94,613
down €94,613 (-37.6%), from €251,468 to €156,855
of which Furniture and vehicles: -€68,812
- Stocks and contracts -€66,214
down €66,214 (-10.3%), from €645,232 to €579,018
- Receivables within one year +€48,177
up €48,177 (+21.0%), from €229,023 to €277,200
of which Trade receivables: +€41,917
- Current portion of long-term debt -€105,865
down €105,865 (-19.6%), from €541,487 to €435,622
- Trade debts +€30,939
up €30,939 (+8.9%), from €346,395 to €377,334
- Debts after one year -€25,131
down €25,131 (-29.9%), from €83,957 to €58,826
- Turnover -€342,012
no longer reported in 2024 (was €342,012)
- Purchases and services -€156,054
no longer reported in 2024 (was €156,054)
- Gross operating margin -€55,007
down €55,007 (-29.6%), from €185,958 to €130,951
- Provisions -€29,500
no longer reported in 2024 (was €29,500)
- Other operating charges -€16,009
down €16,009 (-79.9%), from €20,024 to €4,015
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 | €1,135,832 | €1,035,488 | -€100,343 | -8.8% |
| Fixed assets | 21/28 | €259,622 | €165,009 | -€94,613 | -36.4% |
| Tangible fixed assets | 22/27 | €251,468 | €156,855 | -€94,613 | -37.6% |
| Land and buildings | 22 | €0 | €7,191 | +€7,191 | |
| Plant, machinery and equipment | 23 | €78,277 | €45,285 | -€32,991 | -42.1% |
| Furniture and vehicles | 24 | €173,191 | €104,379 | -€68,812 | -39.7% |
| Financial fixed assets | 28 | €8,154 | €8,154 | = | 0.0% |
| Current assets | 29/58 | €876,210 | €870,479 | -€5,731 | -0.7% |
| Stocks and contracts in progress | 3 | €645,232 | €579,018 | -€66,214 | -10.3% |
| Stocks | 30/36 | €645,232 | €579,018 | -€66,214 | -10.3% |
| Amounts receivable within one year | 40/41 | €229,023 | €277,200 | +€48,177 | +21.0% |
| Trade receivables | 40 | €229,023 | €270,940 | +€41,917 | +18.3% |
| Other amounts receivable | 41 | - | €6,260 | +€6,260 | |
| Cash at bank and in hand | 54/58 | €1,955 | €9,866 | +€7,910 | +405% |
| Deferred charges and accrued income | 490/1 | - | €4,396 | +€4,396 | |
| Total equity and liabilities | 10/49 | €1,135,832 | €1,035,488 | -€100,343 | -8.8% |
| Equity | 10/15 | €5,409 | €12,130 | +€6,721 | +124% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,263 | €9,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,403 | €7,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,055 | -€3,334 | +€6,721 | +66.8% |
| Provisions and deferred taxes | 16 | €29,500 | €29,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,500 | €29,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €29,500 | €29,500 | = | 0.0% |
| Amounts payable | 17/49 | €1,100,923 | €993,858 | -€107,065 | -9.7% |
| Amounts payable after more than one year | 17 | €83,957 | €58,826 | -€25,131 | -29.9% |
| Financial debts | 170/4 | €83,957 | €58,826 | -€25,131 | -29.9% |
| Amounts payable within one year | 42/48 | €1,016,967 | €935,032 | -€81,934 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €541,487 | €435,622 | -€105,865 | -19.6% |
| Trade debts | 44 | €346,395 | €377,334 | +€30,939 | +8.9% |
| Suppliers | 440/4 | €346,395 | €377,334 | +€30,939 | +8.9% |
| Taxes, remuneration and social security | 45 | €7,238 | €5,451 | -€1,787 | -24.7% |
| Taxes | 450/3 | €7,238 | €5,451 | -€1,787 | -24.7% |
| Other amounts payable | 47/48 | €121,847 | €116,626 | -€5,221 | -4.3% |
| Turnover | 70 | €342,012 | - | -€342,012 | |
| Goods, raw materials, services and sundry goods | 60/61 | €156,054 | - | -€156,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,234 | €94,610 | -€4,624 | -4.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,500 | - | -€29,500 | |
| Other operating charges | 640/8 | €20,024 | €4,015 | -€16,009 | -79.9% |
| Gross operating margin | 9900 | €185,958 | €130,951 | -€55,007 | -29.6% |
| Operating profit (loss) | 9901 | €37,200 | €32,326 | -€4,874 | -13.1% |
| Financial income | 75/76B | €133 | - | -€133 | |
| Recurring financial income | 75 | €133 | - | -€133 | |
| Financial charges | 65/66B | €26,806 | €25,605 | -€1,201 | -4.5% |
| Recurring financial charges | 65 | €26,806 | €25,605 | -€1,201 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €10,528 | €6,721 | -€3,806 | -36.2% |
| Profit (loss) for the period | 9904 | €10,528 | €6,721 | -€3,806 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,528 | €6,721 | -€3,806 | -36.2% |
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 29 October 2026 via checked.be.