TERRAGO: 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.
TERRAGO
Largest movements
- Receivables within one year -€137,524
down €137,524 (-43.4%), from €316,848 to €179,324
of which Trade receivables: -€116,383
- Tangible fixed assets -€121,038
down €121,038 (-22.6%), from €536,097 to €415,060
of which Leasing and similar rights: -€294,619
- Cash +€69,803
up €69,803 (+194%), from €35,991 to €105,794
mainly Receivables within one year (+€137,524) and Depreciation (+€128,978)
- Deferred charges and accrued income -€11,692
down €11,692 (-98.7%), from €11,845 to €153
- Trade debts -€127,513
down €127,513 (-54.5%), from €233,937 to €106,423
- Current portion of long-term debt -€113,721
down €113,721 (-97.5%), from €116,618 to €2,897
- Profit (loss) carried forward +€24,978
up €24,978 (+7.7%), from €323,268 to €348,246
- Tax, wage and social debts +€18,835
up €18,835 (+602%), from €3,128 to €21,963
- Gross operating margin +€25,638
up €25,638 (+18.3%), from €140,148 to €165,786
- Taxes +€6,228
up €6,228 (+199%), from €3,128 to €9,356
- Depreciation +€1,686
up €1,686 (+1.3%), from €127,292 to €128,978
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.
Derived cash bridge
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 | €900,781 | €700,331 | -€200,450 | -22.3% |
| Fixed assets | 21/28 | €536,097 | €415,060 | -€121,038 | -22.6% |
| Tangible fixed assets | 22/27 | €536,097 | €415,060 | -€121,038 | -22.6% |
| Land and buildings | 22 | €186,425 | €186,425 | = | 0.0% |
| Furniture and vehicles | 24 | - | €173,581 | +€173,581 | |
| Leasing and similar rights | 25 | €349,673 | €55,054 | -€294,619 | -84.3% |
| Current assets | 29/58 | €364,684 | €285,271 | -€79,412 | -21.8% |
| Amounts receivable within one year | 40/41 | €316,848 | €179,324 | -€137,524 | -43.4% |
| Trade receivables | 40 | €293,220 | €176,837 | -€116,383 | -39.7% |
| Other amounts receivable | 41 | €23,628 | €2,487 | -€21,140 | -89.5% |
| Cash at bank and in hand | 54/58 | €35,991 | €105,794 | +€69,803 | +194% |
| Deferred charges and accrued income | 490/1 | €11,845 | €153 | -€11,692 | -98.7% |
| Total equity and liabilities | 10/49 | €900,781 | €700,331 | -€200,450 | -22.3% |
| Equity | 10/15 | €541,653 | €566,632 | +€24,978 | +4.6% |
| Contributions | 10/11 | €16,530 | €16,530 | = | 0.0% |
| Reserves | 13 | €201,855 | €201,855 | = | 0.0% |
| Distributable reserves | 133 | €201,855 | €201,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,268 | €348,246 | +€24,978 | +7.7% |
| Amounts payable | 17/49 | €359,128 | €133,699 | -€225,428 | -62.8% |
| Amounts payable after more than one year | 17 | €2,897 | - | -€2,897 | |
| Financial debts | 170/4 | €2,897 | - | -€2,897 | |
| Amounts payable within one year | 42/48 | €353,683 | €131,284 | -€222,399 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €116,618 | €2,897 | -€113,721 | -97.5% |
| Trade debts | 44 | €233,937 | €106,423 | -€127,513 | -54.5% |
| Suppliers | 440/4 | €233,937 | €106,423 | -€127,513 | -54.5% |
| Taxes, remuneration and social security | 45 | €3,128 | €21,963 | +€18,835 | +602% |
| Taxes | 450/3 | €3,128 | €21,963 | +€18,835 | +602% |
| Accrued charges and deferred income | 492/3 | €2,548 | €2,416 | -€132 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,292 | €128,978 | +€1,686 | +1.3% |
| Other operating charges | 640/8 | €1,285 | €2,148 | +€863 | +67.2% |
| Gross operating margin | 9900 | €140,148 | €165,786 | +€25,638 | +18.3% |
| Operating profit (loss) | 9901 | €11,572 | €34,661 | +€23,089 | +200% |
| Financial income | 75/76B | €142 | €0 | -€142 | -100.0% |
| Recurring financial income | 75 | €142 | €0 | -€142 | -100.0% |
| Financial charges | 65/66B | €42 | €326 | +€284 | +674% |
| Recurring financial charges | 65 | €42 | €326 | +€284 | +674% |
| Profit (loss) for the period before taxes | 9903 | €11,672 | €34,334 | +€22,663 | +194% |
| Income taxes | 67/77 | €3,128 | €9,356 | +€6,228 | +199% |
| Profit (loss) for the period | 9904 | €8,543 | €24,978 | +€16,435 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €8,543 | €24,978 | +€16,435 | +192% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.