TERRAMO: 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.
TERRAMO
Largest movements
- Receivables within one year -€22,323
down €22,323 (-19.5%), from €114,752 to €92,430
of which Trade receivables: -€19,902
- Tangible fixed assets -€10,212
down €10,212 (-25.4%), from €40,263 to €30,051
of which Furniture and vehicles: -€7,052
- Deferred charges and accrued income -€6,211
down €6,211 (-90.2%), from €6,883 to €671
- Reserves -€25,437
down €25,437 (-22.6%), from €112,688 to €87,251
- Tax, wage and social debts -€10,005
down €10,005 (-40.9%), from €24,447 to €14,442
- Short-term financial debts +€5,353
up €5,353 (+2,147%), from €249 to €5,602
- Trade debts -€5,166
down €5,166 (-67.2%), from €7,691 to €2,525
- Debts after one year -€4,068
down €4,068 (-70.2%), from €5,797 to €1,729
- Gross operating margin -€58,785
down €58,785, from €47,590 to -€11,195
- Taxes -€10,819
down €10,819 (-98.2%), from €11,017 to €198
- Financial income -€767
down €767 (-85.5%), from €898 to €130
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,898 | €123,152 | -€38,746 | -23.9% |
| Fixed assets | 21/28 | €40,263 | €30,051 | -€10,212 | -25.4% |
| Tangible fixed assets | 22/27 | €40,263 | €30,051 | -€10,212 | -25.4% |
| Land and buildings | 22 | €9,628 | €8,466 | -€1,162 | -12.1% |
| Furniture and vehicles | 24 | €16,643 | €9,590 | -€7,052 | -42.4% |
| Other tangible fixed assets | 26 | €13,992 | €11,995 | -€1,997 | -14.3% |
| Current assets | 29/58 | €121,635 | €93,101 | -€28,534 | -23.5% |
| Amounts receivable within one year | 40/41 | €114,752 | €92,430 | -€22,323 | -19.5% |
| Trade receivables | 40 | €43,372 | €23,471 | -€19,902 | -45.9% |
| Other amounts receivable | 41 | €71,380 | €68,959 | -€2,421 | -3.4% |
| Deferred charges and accrued income | 490/1 | €6,883 | €671 | -€6,211 | -90.2% |
| Total equity and liabilities | 10/49 | €161,898 | €123,152 | -€38,746 | -23.9% |
| Equity | 10/15 | €119,755 | €93,451 | -€26,304 | -22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,688 | €87,251 | -€25,437 | -22.6% |
| Distributable reserves | 133 | €112,688 | €87,251 | -€25,437 | -22.6% |
| Profit (loss) carried forward | 14 | €868 | - | -€868 | |
| Amounts payable | 17/49 | €42,142 | €29,701 | -€12,441 | -29.5% |
| Amounts payable after more than one year | 17 | €5,797 | €1,729 | -€4,068 | -70.2% |
| Financial debts | 170/4 | €5,797 | €1,729 | -€4,068 | -70.2% |
| Amounts payable within one year | 42/48 | €36,345 | €27,973 | -€8,373 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €3,958 | €4,068 | +€110 | +2.8% |
| Financial debts | 43 | €249 | €5,602 | +€5,353 | +2,147% |
| Credit institutions | 430/8 | €249 | €5,602 | +€5,353 | +2,147% |
| Trade debts | 44 | €7,691 | €2,525 | -€5,166 | -67.2% |
| Suppliers | 440/4 | €7,691 | €2,525 | -€5,166 | -67.2% |
| Taxes, remuneration and social security | 45 | €24,447 | €14,442 | -€10,005 | -40.9% |
| Taxes | 450/3 | €24,447 | €14,442 | -€10,005 | -40.9% |
| Other amounts payable | 47/48 | - | €1,335 | +€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,238 | €13,342 | +€105 | +0.8% |
| Other operating charges | 640/8 | €948 | €931 | -€17 | -1.8% |
| Gross operating margin | 9900 | €47,590 | -€11,195 | -€58,785 | |
| Operating profit (loss) | 9901 | €33,405 | -€25,468 | -€58,873 | |
| Financial income | 75/76B | €898 | €130 | -€767 | -85.5% |
| Recurring financial income | 75 | €898 | €130 | -€767 | -85.5% |
| Financial charges | 65/66B | €1,123 | €768 | -€355 | -31.6% |
| Recurring financial charges | 65 | €1,123 | €768 | -€355 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €33,179 | -€26,106 | -€59,285 | |
| Income taxes | 67/77 | €11,017 | €198 | -€10,819 | -98.2% |
| Profit (loss) for the period | 9904 | €22,162 | -€26,304 | -€48,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,162 | -€26,304 | -€48,466 |
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 16 October 2026 via checked.be.