TERRAFERT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
TERRAFERT
Largest movements
- Current investments +€78,000
new in 2025: €78,000
- Cash -€41,894
down €41,894 (-32.8%), from €127,861 to €85,968
mainly Current investments (-€78,000) and Contributions, distributions and other (-€30,349)
- Receivables within one year -€14,633
down €14,633 (-53.6%), from €27,291 to €12,658
of which Trade receivables: -€14,295
- Tangible fixed assets -€12,164
down €12,164 (-86.5%), from €14,068 to €1,904
- Deferred charges and accrued income -€2,786
down €2,786 (-30.7%), from €9,064 to €6,278
- Other debts +€8,291
up €8,291 (+34.6%), from €23,996 to €32,287
- Trade debts -€2,875
down €2,875 (-74.1%), from €3,878 to €1,003
- Gross operating margin +€12,437
up €12,437 (+33.7%), from €36,942 to €49,379
- Financial charges +€3,259
up €3,259 (+591%), from €551 to €3,810
- Taxes -€895
down €895 (-7.2%), from €12,439 to €11,544
- Depreciation -€878
down €878 (-55.0%), from €1,598 to €720
- Other operating charges +€519
up €519 (+44.5%), from €1,168 to €1,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,284 | €184,807 | +€6,523 | +3.7% |
| Fixed assets | 21/28 | €14,068 | €1,904 | -€12,164 | -86.5% |
| Tangible fixed assets | 22/27 | €14,068 | €1,904 | -€12,164 | -86.5% |
| Furniture and vehicles | 24 | €14,068 | €1,904 | -€12,164 | -86.5% |
| Current assets | 29/58 | €164,217 | €182,904 | +€18,687 | +11.4% |
| Amounts receivable within one year | 40/41 | €27,291 | €12,658 | -€14,633 | -53.6% |
| Trade receivables | 40 | €25,336 | €11,041 | -€14,295 | -56.4% |
| Other amounts receivable | 41 | €1,956 | €1,618 | -€338 | -17.3% |
| Current investments | 50/53 | - | €78,000 | +€78,000 | |
| Cash at bank and in hand | 54/58 | €127,861 | €85,968 | -€41,894 | -32.8% |
| Deferred charges and accrued income | 490/1 | €9,064 | €6,278 | -€2,786 | -30.7% |
| Total equity and liabilities | 10/49 | €178,284 | €184,807 | +€6,523 | +3.7% |
| Equity | 10/15 | €137,340 | €138,609 | +€1,269 | +0.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €116,880 | €118,149 | +€1,269 | +1.1% |
| Distributable reserves | 133 | €116,880 | €118,149 | +€1,269 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,944 | €46,199 | +€5,255 | +12.8% |
| Amounts payable within one year | 42/48 | €40,675 | €46,104 | +€5,428 | +13.3% |
| Financial debts | 43 | €1,153 | €1,241 | +€88 | +7.6% |
| Credit institutions | 430/8 | €1,153 | €1,241 | +€88 | +7.6% |
| Trade debts | 44 | €3,878 | €1,003 | -€2,875 | -74.1% |
| Suppliers | 440/4 | €3,878 | €1,003 | -€2,875 | -74.1% |
| Taxes, remuneration and social security | 45 | €11,649 | €11,573 | -€76 | -0.6% |
| Taxes | 450/3 | €11,649 | €11,573 | -€76 | -0.6% |
| Other amounts payable | 47/48 | €23,996 | €32,287 | +€8,291 | +34.6% |
| Accrued charges and deferred income | 492/3 | €269 | €95 | -€174 | -64.6% |
| Non-recurring operating income | 76A | - | €8,914 | +€8,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €720 | -€878 | -55.0% |
| Other operating charges | 640/8 | €1,168 | €1,688 | +€519 | +44.5% |
| Gross operating margin | 9900 | €36,942 | €49,379 | +€12,437 | +33.7% |
| Operating profit (loss) | 9901 | €34,176 | €46,971 | +€12,795 | +37.4% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €551 | €3,810 | +€3,259 | +591% |
| Recurring financial charges | 65 | €551 | €3,810 | +€3,259 | +591% |
| Profit (loss) for the period before taxes | 9903 | €33,632 | €43,161 | +€9,529 | +28.3% |
| Income taxes | 67/77 | €12,439 | €11,544 | -€895 | -7.2% |
| Profit (loss) for the period | 9904 | €21,194 | €31,617 | +€10,424 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,194 | €31,617 | +€10,424 | +49.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.