TERRAGRO: 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.
TERRAGRO
Largest movements
- Tangible fixed assets +€683,236
up €683,236 (+34.6%), from €2.0m to €2.7m
of which Assets under construction and advance payments: +€886,114
- Receivables within one year +€199,327
up €199,327 (+324%), from €61,558 to €260,885
- Debts after one year +€454,717
up €454,717 (+31.5%), from €1.4m to €1.9m
of which Financial debts: +€444,414
- Trade debts +€345,167
up €345,167 (+281%), from €122,882 to €468,048
- Current portion of long-term debt +€67,397
up €67,397 (+50.1%), from €134,412 to €201,809
- Financial charges +€48,063
up €48,063 (+148%), from €32,372 to €80,435
- Depreciation -€27,043
down €27,043 (-10.6%), from €255,577 to €228,534
- Gross operating margin +€19,398
up €19,398 (+6.3%), from €307,341 to €326,739
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 | €2,123,795 | €3,017,045 | +€893,250 | +42.1% |
| Fixed assets | 21/28 | €2,049,077 | €2,732,313 | +€683,236 | +33.3% |
| Tangible fixed assets | 22/27 | €1,972,307 | €2,655,543 | +€683,236 | +34.6% |
| Land and buildings | 22 | €1,305,656 | €1,288,088 | -€17,568 | -1.3% |
| Plant, machinery and equipment | 23 | €264,620 | €159,968 | -€104,652 | -39.5% |
| Furniture and vehicles | 24 | €76,470 | €42,620 | -€33,851 | -44.3% |
| Leasing and similar rights | 25 | €322,261 | €275,452 | -€46,808 | -14.5% |
| Assets under construction and advance payments | 27 | €3,300 | €889,414 | +€886,114 | +26,849% |
| Financial fixed assets | 28 | €76,770 | €76,770 | = | 0.0% |
| Current assets | 29/58 | €74,718 | €284,732 | +€210,014 | +281% |
| Amounts receivable within one year | 40/41 | €61,558 | €260,885 | +€199,327 | +324% |
| Trade receivables | 40 | €61,558 | €260,885 | +€199,327 | +324% |
| Cash at bank and in hand | 54/58 | €6,124 | €12,679 | +€6,555 | +107% |
| Deferred charges and accrued income | 490/1 | €7,035 | €11,167 | +€4,132 | +58.7% |
| Total equity and liabilities | 10/49 | €2,123,795 | €3,017,045 | +€893,250 | +42.1% |
| Equity | 10/15 | €362,388 | €374,845 | +€12,457 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €378,030 | €378,030 | = | 0.0% |
| Distributable reserves | 133 | €378,030 | €378,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,642 | -€23,185 | +€12,457 | +35.0% |
| Amounts payable | 17/49 | €1,761,407 | €2,642,200 | +€880,793 | +50.0% |
| Amounts payable after more than one year | 17 | €1,441,944 | €1,896,662 | +€454,717 | +31.5% |
| Financial debts | 170/4 | €705,366 | €1,149,780 | +€444,414 | +63.0% |
| Other amounts payable | 178/9 | €736,578 | €746,882 | +€10,304 | +1.4% |
| Amounts payable within one year | 42/48 | €319,463 | €745,538 | +€426,075 | +133% |
| Current portion of amounts payable after more than one year | 42 | €134,412 | €201,809 | +€67,397 | +50.1% |
| Trade debts | 44 | €122,882 | €468,048 | +€345,167 | +281% |
| Suppliers | 440/4 | €122,882 | €468,048 | +€345,167 | +281% |
| Advances received on contracts in progress | 46 | €44,822 | €54,348 | +€9,526 | +21.3% |
| Taxes, remuneration and social security | 45 | €17,347 | €21,333 | +€3,986 | +23.0% |
| Taxes | 450/3 | €17,347 | €21,333 | +€3,986 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,577 | €228,534 | -€27,043 | -10.6% |
| Other operating charges | 640/8 | €3,240 | €5,560 | +€2,320 | +71.6% |
| Gross operating margin | 9900 | €307,341 | €326,739 | +€19,398 | +6.3% |
| Operating profit (loss) | 9901 | €48,525 | €92,645 | +€44,121 | +90.9% |
| Financial income | 75/76B | - | €485 | +€485 | |
| Recurring financial income | 75 | - | €485 | +€485 | |
| Financial charges | 65/66B | €32,372 | €80,435 | +€48,063 | +148% |
| Recurring financial charges | 65 | €32,372 | €80,435 | +€48,063 | +148% |
| Profit (loss) for the period before taxes | 9903 | €16,153 | €12,696 | -€3,457 | -21.4% |
| Income taxes | 67/77 | €306 | €239 | -€67 | -22.0% |
| Profit (loss) for the period | 9904 | €15,847 | €12,457 | -€3,390 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,847 | €12,457 | -€3,390 | -21.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.