Terradie: 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.
Terradie
Largest movements
- Stocks and contracts +€6.0m
up €6.0m (+210%), from €2.9m to €8.8m
- Receivables within one year +€1.6m
up €1.6m (+51.1%), from €3.2m to €4.8m
of which Other amounts receivable: +€1.5m
- Cash +€189,426
up €189,426 (+81.5%), from €232,449 to €421,875
mainly Advances received (+€6.6m) and Net result for the year (+€1.2m)
- Advances received +€6.6m
new in 2025: €6.6m
- Profit (loss) carried forward +€1.2m
up €1.2m (+57.2%), from €2.1m to €3.4m
- Gross operating margin -€1.3m
down €1.3m (-44.2%), from €2.9m to €1.6m
- Taxes -€327,484
down €327,484 (-44.8%), from €731,568 to €404,084
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 | €6,285,227 | €14,100,564 | +€7.8m | +124% |
| Current assets | 29/58 | €6,285,227 | €14,100,564 | +€7.8m | +124% |
| Stocks and contracts in progress | 3 | €2,852,132 | €8,843,707 | +€6.0m | +210% |
| Contracts in progress | 37 | €2,852,132 | €8,843,707 | +€6.0m | +210% |
| Amounts receivable within one year | 40/41 | €3,200,646 | €4,834,981 | +€1.6m | +51.1% |
| Trade receivables | 40 | - | €119,335 | +€119,335 | |
| Other amounts receivable | 41 | €3,200,646 | €4,715,646 | +€1.5m | +47.3% |
| Cash at bank and in hand | 54/58 | €232,449 | €421,875 | +€189,426 | +81.5% |
| Total equity and liabilities | 10/49 | €6,285,227 | €14,100,564 | +€7.8m | +124% |
| Equity | 10/15 | €6,250,227 | €7,473,206 | +€1.2m | +19.6% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €112,511 | €112,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,511 | €112,511 | = | 0.0% |
| Reserves not available under the articles | 1311 | €112,511 | €112,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,137,716 | €3,360,695 | +€1.2m | +57.2% |
| Amounts payable | 17/49 | €35,000 | €6,627,358 | +€6.6m | +18,835% |
| Amounts payable within one year | 42/48 | €35,000 | €6,627,358 | +€6.6m | +18,835% |
| Advances received on contracts in progress | 46 | - | €6,555,270 | +€6.6m | |
| Taxes, remuneration and social security | 45 | €35,000 | €72,000 | +€37,000 | +106% |
| Taxes | 450/3 | €35,000 | €72,000 | +€37,000 | +106% |
| Other amounts payable | 47/48 | - | €88 | +€88 | |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | €2,918,470 | €1,628,410 | -€1.3m | -44.2% |
| Operating profit (loss) | 9901 | €2,917,942 | €1,627,268 | -€1.3m | -44.2% |
| Financial charges | 65/66B | €204 | €205 | +€2 | +0.7% |
| Recurring financial charges | 65 | €204 | €205 | +€2 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,917,738 | €1,627,062 | -€1.3m | -44.2% |
| Income taxes | 67/77 | €731,568 | €404,084 | -€327,484 | -44.8% |
| Profit (loss) for the period | 9904 | €2,186,171 | €1,222,979 | -€963,192 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,186,171 | €1,222,979 | -€963,192 | -44.1% |
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 19 October 2026 via checked.be.