Terramco: 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.
Terramco
Largest movements
- Receivables within one year -€518,534
down €518,534 (-100.0%), from €518,534 to €0
- Cash +€429,847
up €429,847 (+688.0%), from €62,474 to €492,321
mainly Receivables within one year (+€518,534) and Stocks and contracts (+€320,989)
- Stocks and contracts -€320,989
down €320,989 (-65.4%), from €491,040 to €170,051
- Other debts -€507,094
down €507,094 (-84.5%), from €600,000 to €92,906
- Profit (loss) carried forward +€184,430
up €184,430 (+59.3%), from €310,764 to €495,194
- Accrued charges and deferred income -€48,120
down €48,120 (-100.0%), from €48,120 to €0
- Tax, wage and social debts -€38,665
down €38,665 (-37.2%), from €103,937 to €65,272
- Gross operating margin -€171,476
down €171,476 (-39.6%), from €433,143 to €261,668
- Taxes -€42,465
down €42,465 (-40.9%), from €103,942 to €61,477
- Financial income +€8,612
up €8,612 (+47.4%), from €18,183 to €26,795
- Financial charges -€7,892
down €7,892 (-16.0%), from €49,387 to €41,495
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 | €1,072,048 | €662,372 | -€409,676 | -38.2% |
| Current assets | 29/58 | €1,072,048 | €662,372 | -€409,676 | -38.2% |
| Stocks and contracts in progress | 3 | €491,040 | €170,051 | -€320,989 | -65.4% |
| Stocks | 30/36 | €491,040 | €170,051 | -€320,989 | -65.4% |
| Amounts receivable within one year | 40/41 | €518,534 | €0 | -€518,534 | -100.0% |
| Other amounts receivable | 41 | €518,534 | €0 | -€518,534 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,474 | €492,321 | +€429,847 | +688.0% |
| Total equity and liabilities | 10/49 | €1,072,048 | €662,372 | -€409,676 | -38.2% |
| Equity | 10/15 | €319,764 | €504,194 | +€184,430 | +57.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,764 | €495,194 | +€184,430 | +59.3% |
| Amounts payable | 17/49 | €752,284 | €158,178 | -€594,106 | -79.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €704,164 | €158,178 | -€545,986 | -77.5% |
| Trade debts | 44 | €227 | €0 | -€227 | -100.0% |
| Suppliers | 440/4 | €227 | €0 | -€227 | -100.0% |
| Taxes, remuneration and social security | 45 | €103,937 | €65,272 | -€38,665 | -37.2% |
| Taxes | 450/3 | €103,937 | €65,272 | -€38,665 | -37.2% |
| Other amounts payable | 47/48 | €600,000 | €92,906 | -€507,094 | -84.5% |
| Accrued charges and deferred income | 492/3 | €48,120 | €0 | -€48,120 | -100.0% |
| Other operating charges | 640/8 | €449 | €1,060 | +€611 | +136.0% |
| Gross operating margin | 9900 | €433,143 | €261,668 | -€171,476 | -39.6% |
| Operating profit (loss) | 9901 | €432,694 | €260,607 | -€172,087 | -39.8% |
| Financial income | 75/76B | €18,183 | €26,795 | +€8,612 | +47.4% |
| Recurring financial income | 75 | €18,183 | €26,795 | +€8,612 | +47.4% |
| Financial charges | 65/66B | €49,387 | €41,495 | -€7,892 | -16.0% |
| Recurring financial charges | 65 | €49,387 | €41,495 | -€7,892 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €401,490 | €245,907 | -€155,583 | -38.8% |
| Income taxes | 67/77 | €103,942 | €61,477 | -€42,465 | -40.9% |
| Profit (loss) for the period | 9904 | €297,548 | €184,430 | -€113,118 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €297,548 | €184,430 | -€113,118 | -38.0% |
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 4 October 2026 via checked.be.