TERRAIN 9: what changed
Two fiscal 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.
TERRAIN 9
Largest movements
- Cash -€13,358
down €13,358 (-94.1%), from €14,202 to €844
mainly Provisions (-€6,000) and Net result for the year (-€4,365)
- Provisions -€6,000
no longer reported in 2025 (was €6,000)
- Profit (loss) carried forward -€4,365
down €4,365 (-34.9%), from -€12,501 to -€16,865
- Trade debts -€3,000
down €3,000 (-9.5%), from €31,508 to €28,508
- Provisions -€6,000
new in 2025: -€6,000
- Gross operating margin +€2,097
up €2,097 (+17.9%), from -€11,746 to -€9,649
- Depreciation -€353
down €353 (-91.7%), from €385 to €32
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 | €43,638 | €30,273 | -€13,365 | -30.6% |
| Fixed assets | 21/28 | €32 | - | -€32 | |
| Tangible fixed assets | 22/27 | €32 | - | -€32 | |
| Furniture and vehicles | 24 | €32 | - | -€32 | |
| Current assets | 29/58 | €43,606 | €30,273 | -€13,332 | -30.6% |
| Amounts receivable within one year | 40/41 | €29,403 | €29,429 | +€26 | +0.1% |
| Trade receivables | 40 | €27,327 | €27,327 | = | 0.0% |
| Other amounts receivable | 41 | €2,077 | €2,103 | +€26 | +1.3% |
| Cash at bank and in hand | 54/58 | €14,202 | €844 | -€13,358 | -94.1% |
| Total equity and liabilities | 10/49 | €43,638 | €30,273 | -€13,365 | -30.6% |
| Equity | 10/15 | €6,099 | €1,735 | -€4,365 | -71.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,501 | -€16,865 | -€4,365 | -34.9% |
| Provisions and deferred taxes | 16 | €6,000 | - | -€6,000 | |
| Provisions for liabilities and charges | 160/5 | €6,000 | - | -€6,000 | |
| Major repairs and maintenance | 162 | €6,000 | - | -€6,000 | |
| Amounts payable | 17/49 | €31,538 | €28,538 | -€3,000 | -9.5% |
| Amounts payable within one year | 42/48 | €31,538 | €28,538 | -€3,000 | -9.5% |
| Trade debts | 44 | €31,508 | €28,508 | -€3,000 | -9.5% |
| Suppliers | 440/4 | €31,508 | €28,508 | -€3,000 | -9.5% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €32 | -€353 | -91.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€6,000 | -€6,000 | |
| Other operating charges | 640/8 | €704 | €637 | -€67 | -9.5% |
| Gross operating margin | 9900 | -€11,746 | -€9,649 | +€2,097 | +17.9% |
| Operating profit (loss) | 9901 | -€12,836 | -€4,318 | +€8,518 | +66.4% |
| Financial charges | 65/66B | €23 | €46 | +€23 | +100.0% |
| Recurring financial charges | 65 | €23 | €46 | +€23 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,859 | -€4,365 | +€8,495 | +66.1% |
| Profit (loss) for the period | 9904 | -€12,859 | -€4,365 | +€8,495 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,859 | -€4,365 | +€8,495 | +66.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.