TERRADOR: 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.
TERRADOR
Largest movements
- Stocks and contracts -€107,214
down €107,214 (-26.7%), from €401,105 to €293,891
- Cash -€34,597
down €34,597 (-64.7%), from €53,475 to €18,877
mainly Advances received (-€183,000) and Receivables after one year (-€5,000)
- Advances received -€183,000
down €183,000 (-56.7%), from €322,500 to €139,500
- Profit (loss) carried forward +€50,360
up €50,360 (+114.9%), from €43,827 to €94,186
- Gross operating margin +€38,428
up €38,428 (+131.7%), from €29,167 to €67,595
- Taxes +€13,492
up €13,492 (+409.5%), from €3,295 to €16,787
- Financial income -€1,802
down €1,802 (-68.6%), from €2,625 to €823
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.
Cash bridge derived
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 | €608,623 | €473,780 | -€134,844 | -22.2% |
| Current assets | 29/58 | €608,623 | €473,780 | -€134,844 | -22.2% |
| Amounts receivable after more than one year | 29 | €152,500 | €157,500 | +€5,000 | +3.3% |
| Other amounts receivable | 291 | €152,500 | €157,500 | +€5,000 | +3.3% |
| Stocks and contracts in progress | 3 | €401,105 | €293,891 | -€107,214 | -26.7% |
| Stocks | 30/36 | €401,105 | €293,891 | -€107,214 | -26.7% |
| Amounts receivable within one year | 40/41 | €1,493 | €3,460 | +€1,968 | +131.8% |
| Other amounts receivable | 41 | €1,493 | €3,460 | +€1,968 | +131.8% |
| Cash at bank and in hand | 54/58 | €53,475 | €18,877 | -€34,597 | -64.7% |
| Deferred charges and accrued income | 490/1 | €50 | €50 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €608,623 | €473,780 | -€134,844 | -22.2% |
| Equity | 10/15 | €63,827 | €114,186 | +€50,360 | +78.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,827 | €94,186 | +€50,360 | +114.9% |
| Amounts payable | 17/49 | €544,796 | €359,593 | -€185,203 | -34.0% |
| Amounts payable after more than one year | 17 | €220,000 | €220,000 | = | 0.0% |
| Other amounts payable | 178/9 | €220,000 | €220,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €324,796 | €139,593 | -€185,203 | -57.0% |
| Trade debts | 44 | €2,296 | €93 | -€2,203 | -95.9% |
| Suppliers | 440/4 | €2,296 | €93 | -€2,203 | -95.9% |
| Advances received on contracts in progress | 46 | €322,500 | €139,500 | -€183,000 | -56.7% |
| Other operating charges | 640/8 | €1,235 | €1,243 | +€8 | +0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €29,167 | €67,595 | +€38,428 | +131.7% |
| Operating profit (loss) | 9901 | €27,932 | €66,351 | +€38,420 | +137.5% |
| Financial income | 75/76B | €2,625 | €823 | -€1,802 | -68.6% |
| Recurring financial income | 75 | €2,625 | €823 | -€1,802 | -68.6% |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €30,533 | €67,146 | +€36,613 | +119.9% |
| Income taxes | 67/77 | €3,295 | €16,787 | +€13,492 | +409.5% |
| Profit (loss) for the period | 9904 | €27,238 | €50,360 | +€23,121 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,238 | €50,360 | +€23,121 | +84.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.