TERRAFORTE: what changed
What changed
TERRAFORTE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€16,524
2023 · €28,054-€11,531
Equity
€115,854
2023 · €99,331+€16,524
Cash
€327
2023 · €2,500-€2,173
Balance sheet total
€362,196
2023 · €276,398+€85,798
Largest movements
Assets
- Receivables within one year +€88,345
up €88,345 (+86.9%), from €101,655 to €190,000
of which Trade receivables: +€88,400
Equity and liabilities
- Other debts +€62,190
up €62,190 (+57.3%), from €108,607 to €170,797
- Profit (loss) carried forward +€16,524
up €16,524 (+17.7%), from €93,131 to €109,654
- Tax, wage and social debts +€9,031
up €9,031 (+19.1%), from €47,265 to €56,296
of which Taxes: +€15,156
Income statement
- Gross operating margin -€11,343
down €11,343 (-26.9%), from €42,111 to €30,768
- Financial charges +€2,367
up €2,367 (+52.8%), from €4,484 to €6,851
- Taxes -€1,994
down €1,994 (-23.2%), from €8,593 to €6,600
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€28,054
Gross operating margin
-€11,343
Depreciation
+€0
Other operating charges
+€186
Financial income
+€0
Financial charges
-€2,367
Taxes
+€1,994
Result 2024
€16,524
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€593
Investment
€0
Financing
-€1,581
Cash 2023
€2,500
From operations (derived)
-€593
Net result for the year
+€16,524
Depreciation
+€407
Receivables within one year
-€88,345
Deferred charges and accrued income
-€32
Trade debts
-€366
Tax, wage and social debts
+€9,031
Other debts
+€62,190
Financing
-€1,581
Current portion of long-term debt
-€1,581
Cash 2024
€327
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,398 | €362,196 | +€85,798 | +31.0% |
| Fixed assets | 21/28 | €171,292 | €170,885 | -€407 | -0.2% |
| Tangible fixed assets | 22/27 | €1,291 | €884 | -€407 | -31.5% |
| Plant, machinery and equipment | 23 | €1,291 | €884 | -€407 | -31.5% |
| Financial fixed assets | 28 | €170,001 | €170,001 | = | 0.0% |
| Current assets | 29/58 | €105,107 | €191,311 | +€86,204 | +82.0% |
| Amounts receivable within one year | 40/41 | €101,655 | €190,000 | +€88,345 | +86.9% |
| Trade receivables | 40 | €92,575 | €180,975 | +€88,400 | +95.5% |
| Other amounts receivable | 41 | €9,080 | €9,025 | -€55 | -0.6% |
| Cash at bank and in hand | 54/58 | €2,500 | €327 | -€2,173 | -86.9% |
| Deferred charges and accrued income | 490/1 | €952 | €984 | +€32 | +3.4% |
| Total equity and liabilities | 10/49 | €276,398 | €362,196 | +€85,798 | +31.0% |
| Equity | 10/15 | €99,331 | €115,854 | +€16,524 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,131 | €109,654 | +€16,524 | +17.7% |
| Amounts payable | 17/49 | €177,068 | €246,342 | +€69,274 | +39.1% |
| Amounts payable within one year | 42/48 | €177,068 | €246,342 | +€69,274 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €1,581 | €0 | -€1,581 | -100% |
| Trade debts | 44 | €19,615 | €19,249 | -€366 | -1.9% |
| Suppliers | 440/4 | €19,615 | €19,249 | -€366 | -1.9% |
| Taxes, remuneration and social security | 45 | €47,265 | €56,296 | +€9,031 | +19.1% |
| Taxes | 450/3 | €36,142 | €51,298 | +€15,156 | +41.9% |
| Remuneration and social security | 454/9 | €11,123 | €4,998 | -€6,125 | -55.1% |
| Other amounts payable | 47/48 | €108,607 | €170,797 | +€62,190 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €407 | -€0 | 0.0% |
| Other operating charges | 640/8 | €573 | €387 | -€186 | -32.4% |
| Gross operating margin | 9900 | €42,111 | €30,768 | -€11,343 | -26.9% |
| Operating profit (loss) | 9901 | €41,132 | €29,974 | -€11,157 | -27.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,484 | €6,851 | +€2,367 | +52.8% |
| Recurring financial charges | 65 | €4,484 | €6,851 | +€2,367 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €36,647 | €23,123 | -€13,524 | -36.9% |
| Income taxes | 67/77 | €8,593 | €6,600 | -€1,994 | -23.2% |
| Profit (loss) for the period | 9904 | €28,054 | €16,524 | -€11,531 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,054 | €16,524 | -€11,531 | -41.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.