TERRAMICI: 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.
TERRAMICI
Largest movements
- Stocks and contracts +€188,271
up €188,271 (+8.2%), from €2.3m to €2.5m
- Receivables within one year +€50,693
up €50,693 (+6.8%), from €745,983 to €796,676
of which Other amounts receivable: +€60,761
- Other debts +€412,342
up €412,342 (+421%), from €97,946 to €510,288
- Debts after one year -€214,925
down €214,925 (-12.2%), from €1.8m to €1.5m
- Gross operating margin +€196,585
up €196,585, from -€183,795 to €12,790
- Financial income +€17,347
up €17,347 (+55.7%), from €31,161 to €48,508
- Financial charges +€12,457
up €12,457 (+61.5%), from €20,246 to €32,703
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 | €4,133,741 | €4,357,926 | +€224,185 | +5.4% |
| Fixed assets | 21/28 | €1,058,409 | €1,058,409 | = | 0.0% |
| Financial fixed assets | 28 | €1,058,409 | €1,058,409 | = | 0.0% |
| Current assets | 29/58 | €3,075,332 | €3,299,517 | +€224,185 | +7.3% |
| Stocks and contracts in progress | 3 | €2,297,015 | €2,485,287 | +€188,271 | +8.2% |
| Stocks | 30/36 | €2,297,015 | €2,485,287 | +€188,271 | +8.2% |
| Amounts receivable within one year | 40/41 | €745,983 | €796,676 | +€50,693 | +6.8% |
| Trade receivables | 40 | €10,812 | €743 | -€10,069 | -93.1% |
| Other amounts receivable | 41 | €735,171 | €795,932 | +€60,761 | +8.3% |
| Cash at bank and in hand | 54/58 | €32,212 | €17,433 | -€14,780 | -45.9% |
| Deferred charges and accrued income | 490/1 | €121 | €122 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €4,133,741 | €4,357,926 | +€224,185 | +5.4% |
| Equity | 10/15 | €411,058 | €438,440 | +€27,382 | +6.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €261,058 | €288,440 | +€27,382 | +10.5% |
| Distributable reserves | 133 | €261,058 | €288,440 | +€27,382 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,722,683 | €3,919,486 | +€196,803 | +5.3% |
| Amounts payable after more than one year | 17 | €1,758,848 | €1,543,924 | -€214,925 | -12.2% |
| Other amounts payable | 178/9 | €1,758,848 | €1,543,924 | -€214,925 | -12.2% |
| Amounts payable within one year | 42/48 | €1,963,834 | €2,375,562 | +€411,728 | +21.0% |
| Financial debts | 43 | €1,865,000 | €1,865,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,865,000 | €1,865,000 | = | 0.0% |
| Trade debts | 44 | €376 | €274 | -€102 | -27.0% |
| Suppliers | 440/4 | €376 | €274 | -€102 | -27.0% |
| Taxes, remuneration and social security | 45 | €512 | €0 | -€512 | -100% |
| Taxes | 450/3 | €512 | €0 | -€512 | -100% |
| Other amounts payable | 47/48 | €97,946 | €510,288 | +€412,342 | +421% |
| Other operating charges | 640/8 | €1,179 | €1,214 | +€36 | +3.0% |
| Gross operating margin | 9900 | -€183,795 | €12,790 | +€196,585 | |
| Operating profit (loss) | 9901 | -€184,973 | €11,576 | +€196,550 | |
| Financial income | 75/76B | €31,161 | €48,508 | +€17,347 | +55.7% |
| Recurring financial income | 75 | €31,161 | €48,508 | +€17,347 | +55.7% |
| Financial charges | 65/66B | €20,246 | €32,703 | +€12,457 | +61.5% |
| Recurring financial charges | 65 | €20,246 | €32,703 | +€12,457 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | -€174,058 | €27,382 | +€201,440 | |
| Profit (loss) for the period | 9904 | -€174,058 | €27,382 | +€201,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€174,058 | €27,382 | +€201,440 |
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 27 October 2026 via checked.be.