TerrAni: 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.
TerrAni
Largest movements
- Cash +€44,138
up €44,138 (+84.9%), from €52,017 to €96,155
mainly Depreciation (+€36,051) and Net result for the year (+€31,653)
- Tangible fixed assets -€29,166
down €29,166 (-13.9%), from €209,510 to €180,343
of which Leasing and similar rights: -€24,642
- Receivables within one year -€5,409
down €5,409 (-18.4%), from €29,466 to €24,057
of which Trade receivables: -€3,090
- Debts after one year -€25,790
down €25,790 (-17.7%), from €145,535 to €119,745
- Reserves +€20,595
up €20,595 (+49.9%), from €41,273 to €61,867
- Other debts +€8,283
up €8,283 (+17.4%), from €47,710 to €55,993
- Tax, wage and social debts +€7,985
up €7,985 (+189.7%), from €4,209 to €12,194
of which Taxes: +€5,985
- Gross operating margin +€27,754
up €27,754 (+44.5%), from €62,350 to €90,104
- Taxes +€6,064
up €6,064 (+125.8%), from €4,821 to €10,885
- Depreciation +€1,724
up €1,724 (+5.0%), from €34,327 to €36,051
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 | €292,989 | €302,655 | +€9,666 | +3.3% |
| Fixed assets | 21/28 | €209,510 | €180,343 | -€29,166 | -13.9% |
| Tangible fixed assets | 22/27 | €209,510 | €180,343 | -€29,166 | -13.9% |
| Land and buildings | 22 | €1,299 | €1,857 | +€557 | +42.9% |
| Plant, machinery and equipment | 23 | €35,213 | €26,513 | -€8,700 | -24.7% |
| Furniture and vehicles | 24 | €5,054 | €8,673 | +€3,619 | +71.6% |
| Leasing and similar rights | 25 | €167,943 | €143,301 | -€24,642 | -14.7% |
| Current assets | 29/58 | €83,479 | €122,312 | +€38,833 | +46.5% |
| Amounts receivable within one year | 40/41 | €29,466 | €24,057 | -€5,409 | -18.4% |
| Trade receivables | 40 | €19,568 | €16,478 | -€3,090 | -15.8% |
| Other amounts receivable | 41 | €9,898 | €7,579 | -€2,319 | -23.4% |
| Cash at bank and in hand | 54/58 | €52,017 | €96,155 | +€44,138 | +84.9% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,100 | +€103 | +5.2% |
| Total equity and liabilities | 10/49 | €292,989 | €302,655 | +€9,666 | +3.3% |
| Equity | 10/15 | €59,873 | €80,467 | +€20,595 | +34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,273 | €61,867 | +€20,595 | +49.9% |
| Distributable reserves | 133 | €41,273 | €61,867 | +€20,595 | +49.9% |
| Amounts payable | 17/49 | €233,116 | €222,188 | -€10,928 | -4.7% |
| Amounts payable after more than one year | 17 | €145,535 | €119,745 | -€25,790 | -17.7% |
| Financial debts | 170/4 | €145,535 | €119,745 | -€25,790 | -17.7% |
| Amounts payable within one year | 42/48 | €87,581 | €102,443 | +€14,861 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €24,519 | €25,790 | +€1,270 | +5.2% |
| Trade debts | 44 | €11,143 | €8,466 | -€2,677 | -24.0% |
| Suppliers | 440/4 | €11,143 | €8,466 | -€2,677 | -24.0% |
| Taxes, remuneration and social security | 45 | €4,209 | €12,194 | +€7,985 | +189.7% |
| Taxes | 450/3 | €709 | €6,694 | +€5,985 | +844.1% |
| Remuneration and social security | 454/9 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Other amounts payable | 47/48 | €47,710 | €55,993 | +€8,283 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,327 | €36,051 | +€1,724 | +5.0% |
| Other operating charges | 640/8 | €1,012 | €981 | -€31 | -3.0% |
| Gross operating margin | 9900 | €62,350 | €90,104 | +€27,754 | +44.5% |
| Operating profit (loss) | 9901 | €27,011 | €53,072 | +€26,060 | +96.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,040 | €10,534 | -€506 | -4.6% |
| Recurring financial charges | 65 | €11,040 | €10,534 | -€506 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €15,971 | €42,537 | +€26,566 | +166.3% |
| Income taxes | 67/77 | €4,821 | €10,885 | +€6,064 | +125.8% |
| Profit (loss) for the period | 9904 | €11,151 | €31,653 | +€20,502 | +183.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,151 | €31,653 | +€20,502 | +183.9% |
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 7 October 2026 via checked.be.