TERRADOG: what changed
Two fiscal 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.
TERRADOG
Largest movements
- Receivables within one year +€59,659
up €59,659 (+190.9%), from €31,249 to €90,908
of which Trade receivables: +€58,370
- Stocks and contracts -€23,997
down €23,997 (-72.6%), from €33,055 to €9,058
- Tangible fixed assets +€7,460
up €7,460 (+2.5%), from €296,683 to €304,143
of which Plant, machinery and equipment: +€37,723
- Cash +€6,621
up €6,621 (+831.5%), from €796 to €7,417
mainly Depreciation (+€73,169) and Trade debts (+€56,802)
- Trade debts +€56,802
up €56,802 (+561.9%), from €10,109 to €66,910
- Advances received -€33,055
no longer reported in 2024 (was €33,055)
- Short-term financial debts +€21,107
up €21,107 (+263.8%), from €8,000 to €29,107
- Profit (loss) carried forward +€15,256
up €15,256 (+60.4%), from -€25,249 to -€9,992
- Other debts -€7,340
down €7,340 (-9.9%), from €73,909 to €66,569
- Gross operating margin -€45,184
down €45,184 (-25.1%), from €179,851 to €134,667
- Staff costs -€38,730
down €38,730 (-57.7%), from €67,104 to €28,374
- Depreciation -€13,322
down €13,322 (-15.4%), from €86,491 to €73,169
- Financial charges -€3,566
down €3,566 (-37.5%), from €9,501 to €5,935
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.
Cash bridge derived
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 | €384,129 | €431,725 | +€47,595 | +12.4% |
| Fixed assets | 21/28 | €301,831 | €309,291 | +€7,460 | +2.5% |
| Tangible fixed assets | 22/27 | €296,683 | €304,143 | +€7,460 | +2.5% |
| Land and buildings | 22 | €134,030 | €122,356 | -€11,674 | -8.7% |
| Plant, machinery and equipment | 23 | €23,623 | €61,346 | +€37,723 | +159.7% |
| Furniture and vehicles | 24 | €71,914 | €29,313 | -€42,602 | -59.2% |
| Leasing and similar rights | 25 | €67,116 | €91,129 | +€24,013 | +35.8% |
| Financial fixed assets | 28 | €5,148 | €5,148 | = | 0.0% |
| Current assets | 29/58 | €82,298 | €122,433 | +€40,135 | +48.8% |
| Stocks and contracts in progress | 3 | €33,055 | €9,058 | -€23,997 | -72.6% |
| Contracts in progress | 37 | €33,055 | €9,058 | -€23,997 | -72.6% |
| Amounts receivable within one year | 40/41 | €31,249 | €90,908 | +€59,659 | +190.9% |
| Trade receivables | 40 | €26,242 | €84,613 | +€58,370 | +222.4% |
| Other amounts receivable | 41 | €5,007 | €6,296 | +€1,289 | +25.7% |
| Cash at bank and in hand | 54/58 | €796 | €7,417 | +€6,621 | +831.5% |
| Deferred charges and accrued income | 490/1 | €17,198 | €15,050 | -€2,148 | -12.5% |
| Total equity and liabilities | 10/49 | €384,129 | €431,725 | +€47,595 | +12.4% |
| Equity | 10/15 | €100,151 | €115,408 | +€15,256 | +15.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Revaluation surpluses | 12 | €99,000 | €99,000 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,249 | -€9,992 | +€15,256 | +60.4% |
| Amounts payable | 17/49 | €283,978 | €316,317 | +€32,339 | +11.4% |
| Amounts payable after more than one year | 17 | €93,492 | €99,318 | +€5,827 | +6.2% |
| Financial debts | 170/4 | €93,492 | €99,318 | +€5,827 | +6.2% |
| Amounts payable within one year | 42/48 | €190,486 | €216,999 | +€26,512 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €59,729 | €53,714 | -€6,015 | -10.1% |
| Financial debts | 43 | €8,000 | €29,107 | +€21,107 | +263.8% |
| Credit institutions | 430/8 | €8,000 | €29,107 | +€21,107 | +263.8% |
| Trade debts | 44 | €10,109 | €66,910 | +€56,802 | +561.9% |
| Suppliers | 440/4 | €10,109 | €66,910 | +€56,802 | +561.9% |
| Advances received on contracts in progress | 46 | €33,055 | - | -€33,055 | |
| Taxes, remuneration and social security | 45 | €5,684 | €698 | -€4,986 | -87.7% |
| Taxes | 450/3 | €259 | €698 | +€439 | +169.8% |
| Remuneration and social security | 454/9 | €5,425 | - | -€5,425 | |
| Other amounts payable | 47/48 | €73,909 | €66,569 | -€7,340 | -9.9% |
| Non-recurring operating income | 76A | €30,363 | €5,310 | -€25,053 | -82.5% |
| Remuneration, social security and pensions | 62 | €67,104 | €28,374 | -€38,730 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,491 | €73,169 | -€13,322 | -15.4% |
| Other operating charges | 640/8 | €5,055 | €5,883 | +€828 | +16.4% |
| Non-recurring operating charges | 66A | - | €5,853 | +€5,853 | |
| Gross operating margin | 9900 | €179,851 | €134,667 | -€45,184 | -25.1% |
| Operating profit (loss) | 9901 | €21,201 | €21,388 | +€188 | +0.9% |
| Financial income | 75/76B | €37 | €28 | -€9 | -23.8% |
| Recurring financial income | 75 | €37 | €28 | -€9 | -23.8% |
| Financial charges | 65/66B | €9,501 | €5,935 | -€3,566 | -37.5% |
| Recurring financial charges | 65 | €9,501 | €5,935 | -€3,566 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €11,736 | €15,481 | +€3,745 | +31.9% |
| Income taxes | 67/77 | €241 | €225 | -€16 | -6.7% |
| Profit (loss) for the period | 9904 | €11,495 | €15,256 | +€3,761 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,495 | €15,256 | +€3,761 | +32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.