TERRALIS: 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.
TERRALIS
Largest movements
- Cash -€174,504
down €174,504 (-24.6%), from €709,702 to €535,198
mainly Contributions, distributions and other (-€85,502) and Receivables within one year (-€76,743)
- Receivables within one year +€76,743
up €76,743 (+137%), from €56,095 to €132,838
of which Other amounts receivable: +€44,930
- Tangible fixed assets -€57,581
down €57,581 (-13.4%), from €429,427 to €371,847
- Reserves -€67,313
down €67,313 (-7.8%), from €866,302 to €798,989
of which Distributable reserves: -€63,579
- Tax, wage and social debts -€57,279
down €57,279 (-76.3%), from €75,055 to €17,775
of which Taxes: -€43,536
- Debts after one year -€44,735
down €44,735 (-30.0%), from €149,068 to €104,333
of which Financial debts: -€38,735
- Short-term financial debts +€16,844
new in 2025: €16,844
- Gross operating margin -€327,343
down €327,343 (-71.5%), from €457,875 to €130,533
- Taxes -€98,553
down €98,553 (-92.9%), from €106,092 to €7,539
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 | €1,200,735 | €1,043,303 | -€157,432 | -13.1% |
| Fixed assets | 21/28 | €429,427 | €371,847 | -€57,581 | -13.4% |
| Tangible fixed assets | 22/27 | €429,427 | €371,847 | -€57,581 | -13.4% |
| Plant, machinery and equipment | 23 | €91,060 | €67,625 | -€23,435 | -25.7% |
| Furniture and vehicles | 24 | €30,631 | €15,563 | -€15,068 | -49.2% |
| Other tangible fixed assets | 26 | €307,736 | €288,659 | -€19,077 | -6.2% |
| Current assets | 29/58 | €771,308 | €671,457 | -€99,851 | -12.9% |
| Stocks and contracts in progress | 3 | €819 | €56 | -€763 | -93.2% |
| Stocks | 30/36 | €819 | €56 | -€763 | -93.2% |
| Amounts receivable within one year | 40/41 | €56,095 | €132,838 | +€76,743 | +137% |
| Trade receivables | 40 | €56,095 | €87,908 | +€31,813 | +56.7% |
| Other amounts receivable | 41 | - | €44,930 | +€44,930 | |
| Cash at bank and in hand | 54/58 | €709,702 | €535,198 | -€174,504 | -24.6% |
| Deferred charges and accrued income | 490/1 | €4,692 | €3,365 | -€1,327 | -28.3% |
| Total equity and liabilities | 10/49 | €1,200,735 | €1,043,303 | -€157,432 | -13.1% |
| Equity | 10/15 | €876,442 | €808,627 | -€67,815 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €866,302 | €798,989 | -€67,313 | -7.8% |
| Tax-exempt reserves | 132 | €59,450 | €55,717 | -€3,733 | -6.3% |
| Distributable reserves | 133 | €806,851 | €743,272 | -€63,579 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €3,941 | €3,438 | -€502 | -12.7% |
| Provisions and deferred taxes | 16 | €8,400 | €7,467 | -€933 | -11.1% |
| Deferred taxes | 168 | €8,400 | €7,467 | -€933 | -11.1% |
| Amounts payable | 17/49 | €315,893 | €227,210 | -€88,684 | -28.1% |
| Amounts payable after more than one year | 17 | €149,068 | €104,333 | -€44,735 | -30.0% |
| Financial debts | 170/4 | €135,218 | €96,483 | -€38,735 | -28.6% |
| Other amounts payable | 178/9 | €13,850 | €7,850 | -€6,000 | -43.3% |
| Amounts payable within one year | 42/48 | €166,134 | €122,524 | -€43,610 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €37,987 | €38,735 | +€748 | +2.0% |
| Financial debts | 43 | - | €16,844 | +€16,844 | |
| Credit institutions | 430/8 | - | €16,844 | +€16,844 | |
| Trade debts | 44 | €51,190 | €48,620 | -€2,570 | -5.0% |
| Suppliers | 440/4 | €51,190 | €48,620 | -€2,570 | -5.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €75,055 | €17,775 | -€57,279 | -76.3% |
| Taxes | 450/3 | €61,311 | €17,775 | -€43,536 | -71.0% |
| Remuneration and social security | 454/9 | €13,743 | €0 | -€13,743 | -100% |
| Other amounts payable | 47/48 | €1,903 | €551 | -€1,352 | -71.0% |
| Accrued charges and deferred income | 492/3 | €691 | €352 | -€339 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,469 | €100,249 | +€1,780 | +1.8% |
| Other operating charges | 640/8 | €2,250 | €1,047 | -€1,203 | -53.5% |
| Gross operating margin | 9900 | €457,875 | €130,533 | -€327,343 | -71.5% |
| Operating profit (loss) | 9901 | €357,157 | €29,237 | -€327,920 | -91.8% |
| Financial income | 75/76B | €502 | €502 | = | 0.0% |
| Recurring financial income | 75 | €502 | €502 | = | 0.0% |
| Financial charges | 65/66B | €5,843 | €5,446 | -€396 | -6.8% |
| Recurring financial charges | 65 | €5,843 | €5,446 | -€396 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €351,816 | €24,293 | -€327,523 | -93.1% |
| Transfer from deferred taxes | 780 | €933 | €933 | = | 0.0% |
| Income taxes | 67/77 | €106,092 | €7,539 | -€98,553 | -92.9% |
| Profit (loss) for the period | 9904 | €246,658 | €17,687 | -€228,971 | -92.8% |
| Transfer from tax-exempt reserves | 789 | €3,733 | €3,733 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €250,391 | €21,421 | -€228,971 | -91.4% |
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 18 October 2026 via checked.be.