"TERRAFIRE": 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.
"TERRAFIRE"
Largest movements
- Tangible fixed assets -€349,807
down €349,807 (-17.0%), from €2.1m to €1.7m
of which Land and buildings: -€352,662
- Receivables within one year +€274,615
up €274,615 (+2231.0%), from €12,309 to €286,924
of which Trade receivables: +€276,793
- Debts after one year -€320,527
down €320,527 (-21.1%), from €1.5m to €1.2m
- Reserves +€142,984
up €142,984 (+57.7%), from €247,951 to €390,935
- Tax, wage and social debts +€49,975
up €49,975 (+3249.3%), from €1,538 to €51,513
- Gross operating margin +€137,367
up €137,367 (+101.9%), from €134,829 to €272,196
- Taxes +€42,636
up €42,636 (+487.4%), from €8,747 to €51,383
- Other operating charges -€12,770
down €12,770 (-99.9%), from €12,788 to €18
- Financial charges -€10,576
down €10,576 (-12.2%), from €86,356 to €75,780
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 | €2,182,342 | €2,080,424 | -€101,918 | -4.7% |
| Fixed assets | 21/28 | €2,052,684 | €1,702,877 | -€349,807 | -17.0% |
| Tangible fixed assets | 22/27 | €2,052,684 | €1,702,877 | -€349,807 | -17.0% |
| Land and buildings | 22 | €2,042,500 | €1,689,838 | -€352,662 | -17.3% |
| Plant, machinery and equipment | 23 | €10,184 | €13,039 | +€2,855 | +28.0% |
| Current assets | 29/58 | €129,658 | €377,547 | +€247,889 | +191.2% |
| Stocks and contracts in progress | 3 | €95,580 | €89,876 | -€5,704 | -6.0% |
| Contracts in progress | 37 | €95,580 | €89,876 | -€5,704 | -6.0% |
| Amounts receivable within one year | 40/41 | €12,309 | €286,924 | +€274,615 | +2231.0% |
| Trade receivables | 40 | - | €276,793 | +€276,793 | |
| Other amounts receivable | 41 | €12,309 | €10,131 | -€2,178 | -17.7% |
| Cash at bank and in hand | 54/58 | €21,769 | €747 | -€21,022 | -96.6% |
| Total equity and liabilities | 10/49 | €2,182,342 | €2,080,424 | -€101,918 | -4.7% |
| Equity | 10/15 | €266,501 | €409,485 | +€142,984 | +53.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €247,951 | €390,935 | +€142,984 | +57.7% |
| Distributable reserves | 133 | €247,951 | €390,935 | +€142,984 | +57.7% |
| Amounts payable | 17/49 | €1,915,841 | €1,670,939 | -€244,902 | -12.8% |
| Amounts payable after more than one year | 17 | €1,519,500 | €1,198,973 | -€320,527 | -21.1% |
| Financial debts | 170/4 | €1,519,500 | €1,198,973 | -€320,527 | -21.1% |
| Amounts payable within one year | 42/48 | €396,341 | €471,019 | +€74,678 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Financial debts | 43 | €3,588 | €5,905 | +€2,317 | +64.6% |
| Credit institutions | 430/8 | €3,588 | €5,905 | +€2,317 | +64.6% |
| Trade debts | 44 | €64 | €3,449 | +€3,385 | +5289.1% |
| Suppliers | 440/4 | €64 | €3,449 | +€3,385 | +5289.1% |
| Taxes, remuneration and social security | 45 | €1,538 | €51,513 | +€49,975 | +3249.3% |
| Taxes | 450/3 | €1,538 | €51,513 | +€49,975 | +3249.3% |
| Other amounts payable | 47/48 | €374,484 | €393,485 | +€19,001 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €947 | +€947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €2,031 | +€791 | +63.8% |
| Other operating charges | 640/8 | €12,788 | €18 | -€12,770 | -99.9% |
| Gross operating margin | 9900 | €134,829 | €272,196 | +€137,367 | +101.9% |
| Operating profit (loss) | 9901 | €120,801 | €270,147 | +€149,346 | +123.6% |
| Financial charges | 65/66B | €86,356 | €75,780 | -€10,576 | -12.2% |
| Recurring financial charges | 65 | €86,356 | €75,780 | -€10,576 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €34,445 | €194,367 | +€159,922 | +464.3% |
| Income taxes | 67/77 | €8,747 | €51,383 | +€42,636 | +487.4% |
| Profit (loss) for the period | 9904 | €25,698 | €142,984 | +€117,286 | +456.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,698 | €142,984 | +€117,286 | +456.4% |
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 10 October 2026 via checked.be.