TERRAINFRA: 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.
TERRAINFRA
Largest movements
- Receivables within one year +€260,039
up €260,039 (+93.9%), from €276,873 to €536,912
of which Trade receivables: +€197,069
- Tangible fixed assets +€41,879
up €41,879 (+110%), from €38,215 to €80,095
of which Plant, machinery and equipment: +€23,976
- Cash +€16,308
up €16,308 (+165%), from €9,898 to €26,205
mainly Net result for the year (+€179,427) and Trade debts (+€102,160)
- Profit (loss) carried forward +€179,427
up €179,427 (+812%), from €22,085 to €201,512
- Trade debts +€102,160
up €102,160 (+60.9%), from €167,672 to €269,832
- Debts after one year +€50,741
new in 2025: €50,741
- Short-term financial debts -€7,826
no longer reported in 2025 (was €7,826)
- Tax, wage and social debts -€7,056
down €7,056 (-5.3%), from €131,917 to €124,862
of which Remuneration and social security: -€48,211
- Turnover +€816,516
up €816,516 (+108%), from €755,808 to €1.6m
- Purchases and services +€510,672
up €510,672 (+130%), from €393,063 to €903,735
- Gross operating margin +€324,383
up €324,383 (+88.3%), from €367,551 to €691,934
- Staff costs +€169,448
up €169,448 (+66.9%), from €253,339 to €422,787
- Taxes +€52,337
up €52,337 (+832%), from €6,287 to €58,624
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 | €362,923 | €680,370 | +€317,447 | +87.5% |
| Formation expenses | 20 | €510 | - | -€510 | |
| Fixed assets | 21/28 | €44,434 | €86,313 | +€41,879 | +94.3% |
| Tangible fixed assets | 22/27 | €38,215 | €80,095 | +€41,879 | +110% |
| Plant, machinery and equipment | 23 | €1,254 | €25,230 | +€23,976 | +1,912% |
| Furniture and vehicles | 24 | €36,961 | €54,865 | +€17,904 | +48.4% |
| Financial fixed assets | 28 | €6,218 | €6,218 | = | 0.0% |
| Current assets | 29/58 | €317,979 | €594,057 | +€276,078 | +86.8% |
| Stocks and contracts in progress | 3 | €30,940 | €30,940 | = | 0.0% |
| Contracts in progress | 37 | €30,940 | €30,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €276,873 | €536,912 | +€260,039 | +93.9% |
| Trade receivables | 40 | €263,758 | €460,827 | +€197,069 | +74.7% |
| Other amounts receivable | 41 | €13,116 | €76,085 | +€62,969 | +480% |
| Cash at bank and in hand | 54/58 | €9,898 | €26,205 | +€16,308 | +165% |
| Deferred charges and accrued income | 490/1 | €269 | - | -€269 | |
| Total equity and liabilities | 10/49 | €362,923 | €680,370 | +€317,447 | +87.5% |
| Equity | 10/15 | €23,085 | €202,512 | +€179,427 | +777% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,085 | €201,512 | +€179,427 | +812% |
| Amounts payable | 17/49 | €339,838 | €477,858 | +€138,020 | +40.6% |
| Amounts payable after more than one year | 17 | - | €50,741 | +€50,741 | |
| Financial debts | 170/4 | - | €50,741 | +€50,741 | |
| Amounts payable within one year | 42/48 | €339,838 | €427,116 | +€87,278 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €30,423 | €30,423 | = | 0.0% |
| Financial debts | 43 | €7,826 | - | -€7,826 | |
| Credit institutions | 430/8 | €7,826 | - | -€7,826 | |
| Trade debts | 44 | €167,672 | €269,832 | +€102,160 | +60.9% |
| Suppliers | 440/4 | €167,672 | €269,832 | +€102,160 | +60.9% |
| Taxes, remuneration and social security | 45 | €131,917 | €124,862 | -€7,056 | -5.3% |
| Taxes | 450/3 | €38,413 | €79,568 | +€41,155 | +107% |
| Remuneration and social security | 454/9 | €93,505 | €45,294 | -€48,211 | -51.6% |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €755,808 | €1,572,324 | +€816,516 | +108% |
| Goods, raw materials, services and sundry goods | 60/61 | €393,063 | €903,735 | +€510,672 | +130% |
| Remuneration, social security and pensions | 62 | €253,339 | €422,787 | +€169,448 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €19,884 | +€16,834 | +552% |
| Other operating charges | 640/8 | €2,164 | €7,765 | +€5,602 | +259% |
| Gross operating margin | 9900 | €367,551 | €691,934 | +€324,383 | +88.3% |
| Operating profit (loss) | 9901 | €108,998 | €241,497 | +€132,499 | +122% |
| Financial income | 75/76B | €2,503 | €0 | -€2,503 | -100.0% |
| Recurring financial income | 75 | €2,503 | €0 | -€2,503 | -100.0% |
| Financial charges | 65/66B | €378 | €3,446 | +€3,067 | +811% |
| Recurring financial charges | 65 | €378 | €2,829 | +€2,451 | +648% |
| Non-recurring financial charges | 66B | - | €617 | +€617 | |
| Profit (loss) for the period before taxes | 9903 | €111,123 | €238,052 | +€126,929 | +114% |
| Income taxes | 67/77 | €6,287 | €58,624 | +€52,337 | +832% |
| Profit (loss) for the period | 9904 | €104,836 | €179,427 | +€74,592 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,836 | €179,427 | +€74,592 | +71.2% |
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 19 October 2026 via checked.be.