TERRALAND: 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.
TERRALAND
Largest movements
- Tangible fixed assets +€116,956
up €116,956 (+3.6%), from €3.3m to €3.4m
- Cash +€41,806
up €41,806 (+384.3%), from €10,879 to €52,685
mainly Other debts (+€131,455) and Net result for the year (+€35,000)
- Other debts +€131,455
up €131,455 (+58.6%), from €224,395 to €355,850
- Depreciation +€11,661
up €11,661 (+6802.4%), from €171 to €11,833
- Gross operating margin +€11,133
up €11,133 (+17.0%), from €65,592 to €76,725
- Taxes -€8,819
down €8,819 (-66.1%), from €13,332 to €4,513
- Other operating charges +€1,226
up €1,226 (+5.1%), from €24,025 to €25,251
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 | €3,376,961 | €3,558,254 | +€181,293 | +5.4% |
| Formation expenses | 20 | €31,115 | €41,974 | +€10,859 | +34.9% |
| Fixed assets | 21/28 | €3,261,299 | €3,378,255 | +€116,956 | +3.6% |
| Intangible fixed assets | 21 | €4,298 | €4,298 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,256,981 | €3,373,937 | +€116,956 | +3.6% |
| Land and buildings | 22 | €3,256,981 | €3,373,937 | +€116,956 | +3.6% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €84,547 | €138,026 | +€53,479 | +63.3% |
| Amounts receivable within one year | 40/41 | €25,608 | €14,159 | -€11,449 | -44.7% |
| Trade receivables | 40 | €17,211 | €3,783 | -€13,428 | -78.0% |
| Other amounts receivable | 41 | €8,398 | €10,377 | +€1,979 | +23.6% |
| Current investments | 50/53 | €45,005 | €70,084 | +€25,078 | +55.7% |
| Cash at bank and in hand | 54/58 | €10,879 | €52,685 | +€41,806 | +384.3% |
| Deferred charges and accrued income | 490/1 | €3,054 | €1,098 | -€1,956 | -64.1% |
| Total equity and liabilities | 10/49 | €3,376,961 | €3,558,254 | +€181,293 | +5.4% |
| Equity | 10/15 | €3,127,189 | €3,162,188 | +€35,000 | +1.1% |
| Contributions | 10/11 | €2,797,581 | €2,797,581 | = | 0.0% |
| Reserves | 13 | €92,319 | €127,319 | +€35,000 | +37.9% |
| Non-distributable reserves | 130/1 | €26,119 | €26,119 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,119 | €26,119 | = | 0.0% |
| Distributable reserves | 133 | €66,200 | €101,200 | +€35,000 | +52.9% |
| Profit (loss) carried forward | 14 | €237,288 | €237,288 | = | 0.0% |
| Amounts payable | 17/49 | €249,772 | €396,065 | +€146,294 | +58.6% |
| Amounts payable within one year | 42/48 | €248,192 | €396,065 | +€147,874 | +59.6% |
| Trade debts | 44 | €15,468 | €27,407 | +€11,939 | +77.2% |
| Suppliers | 440/4 | €15,468 | €27,407 | +€11,939 | +77.2% |
| Taxes, remuneration and social security | 45 | €8,329 | €12,808 | +€4,479 | +53.8% |
| Taxes | 450/3 | €8,329 | €12,808 | +€4,479 | +53.8% |
| Other amounts payable | 47/48 | €224,395 | €355,850 | +€131,455 | +58.6% |
| Accrued charges and deferred income | 492/3 | €1,580 | €0 | -€1,580 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €11,833 | +€11,661 | +6802.4% |
| Other operating charges | 640/8 | €24,025 | €25,251 | +€1,226 | +5.1% |
| Gross operating margin | 9900 | €65,592 | €76,725 | +€11,133 | +17.0% |
| Operating profit (loss) | 9901 | €41,396 | €39,642 | -€1,754 | -4.2% |
| Financial income | 75/76B | €10 | €112 | +€102 | +1067.3% |
| Recurring financial income | 75 | €10 | €112 | +€102 | +1067.3% |
| Financial charges | 65/66B | €535 | €241 | -€294 | -55.0% |
| Recurring financial charges | 65 | €535 | €241 | -€294 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €40,871 | €39,512 | -€1,358 | -3.3% |
| Income taxes | 67/77 | €13,332 | €4,513 | -€8,819 | -66.1% |
| Profit (loss) for the period | 9904 | €27,539 | €35,000 | +€7,461 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,539 | €35,000 | +€7,461 | +27.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.