TERRAN'HEART: 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.
TERRAN'HEART
Largest movements
- Tangible fixed assets +€104,508
new in 2025: €104,508
- Receivables within one year -€36,635
down €36,635 (-77.2%), from €47,428 to €10,793
- Cash +€25,069
up €25,069 (+10.0%), from €249,578 to €274,646
mainly Net result for the year (+€120,102) and Receivables within one year (+€36,635)
- Intangible fixed assets -€12,000
down €12,000 (-14.3%), from €84,000 to €72,000
- Reserves +€120,102
new in 2025: €120,102
- Profit (loss) carried forward -€73,171
down €73,171 (-19.8%), from €368,855 to €295,684
- Tax, wage and social debts +€33,096
up €33,096 (+38.6%), from €85,696 to €118,792
of which Taxes: +€33,875
- Taxes +€10,819
up €10,819 (+25.4%), from €42,522 to €53,341
- Depreciation +€7,736
up €7,736 (+64.5%), from €12,000 to €19,736
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 | €457,551 | €539,358 | +€81,807 | +17.9% |
| Fixed assets | 21/28 | €84,000 | €176,508 | +€92,508 | +110% |
| Intangible fixed assets | 21 | €84,000 | €72,000 | -€12,000 | -14.3% |
| Tangible fixed assets | 22/27 | - | €104,508 | +€104,508 | |
| Land and buildings | 22 | - | €26,574 | +€26,574 | |
| Plant, machinery and equipment | 23 | - | €46,412 | +€46,412 | |
| Furniture and vehicles | 24 | - | €31,522 | +€31,522 | |
| Current assets | 29/58 | €373,551 | €362,850 | -€10,701 | -2.9% |
| Amounts receivable within one year | 40/41 | €47,428 | €10,793 | -€36,635 | -77.2% |
| Other amounts receivable | 41 | €47,428 | €10,793 | -€36,635 | -77.2% |
| Cash at bank and in hand | 54/58 | €249,578 | €274,646 | +€25,069 | +10.0% |
| Deferred charges and accrued income | 490/1 | €76,545 | €77,410 | +€865 | +1.1% |
| Total equity and liabilities | 10/49 | €457,551 | €539,358 | +€81,807 | +17.9% |
| Equity | 10/15 | €371,855 | €418,787 | +€46,932 | +12.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €120,102 | +€120,102 | |
| Distributable reserves | 133 | - | €120,102 | +€120,102 | |
| Profit (loss) carried forward | 14 | €368,855 | €295,684 | -€73,171 | -19.8% |
| Amounts payable | 17/49 | €85,696 | €120,571 | +€34,876 | +40.7% |
| Amounts payable within one year | 42/48 | €85,696 | €120,571 | +€34,876 | +40.7% |
| Trade debts | 44 | - | €1,474 | +€1,474 | |
| Suppliers | 440/4 | - | €1,474 | +€1,474 | |
| Taxes, remuneration and social security | 45 | €85,696 | €118,792 | +€33,096 | +38.6% |
| Taxes | 450/3 | €83,408 | €117,283 | +€33,875 | +40.6% |
| Remuneration and social security | 454/9 | €2,288 | €1,509 | -€779 | -34.0% |
| Other amounts payable | 47/48 | - | €305 | +€305 | |
| Remuneration, social security and pensions | 62 | €9,192 | €9,273 | +€82 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,000 | €19,736 | +€7,736 | +64.5% |
| Other operating charges | 640/8 | €1,006 | €403 | -€603 | -59.9% |
| Gross operating margin | 9900 | €203,815 | €203,614 | -€202 | -0.1% |
| Operating profit (loss) | 9901 | €181,618 | €174,201 | -€7,417 | -4.1% |
| Financial charges | 65/66B | €773 | €758 | -€16 | -2.0% |
| Recurring financial charges | 65 | €773 | €758 | -€16 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €180,845 | €173,443 | -€7,402 | -4.1% |
| Income taxes | 67/77 | €42,522 | €53,341 | +€10,819 | +25.4% |
| Profit (loss) for the period | 9904 | €138,323 | €120,102 | -€18,221 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €138,323 | €120,102 | -€18,221 | -13.2% |
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 25 October 2026 via checked.be.