TERRANOVA: 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.
What changed
TERRANOVA
NACE 39.000, Remediation activities and other waste management service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€451,285
2024 · €38,572+€412,713
Equity
€338,800
2024 · €338,800
Cash
€484,551
2024 · €2.6m-€2.2m
Balance sheet total
€22.6m
2024 · €19.5m+€3.2m
Largest movements
Assets
- Current investments +€10.7m
up €10.7m (+249%), from €4.3m to €15.0m
- Receivables within one year -€4.8m
down €4.8m (-54.4%), from €8.7m to €4.0m
of which Trade receivables: -€5.0m
- Cash -€2.2m
down €2.2m (-81.7%), from €2.6m to €484,551
mainly Current investments (-€10.7m) and Contributions, distributions and other (-€451,285)
- Tangible fixed assets -€612,984
down €612,984 (-16.9%), from €3.6m to €3.0m
Equity and liabilities
- Trade debts +€2.8m
up €2.8m (+19.3%), from €14.7m to €17.5m
- Other debts +€333,159
up €333,159 (+199%), from €167,474 to €500,633
Income statement
- Turnover -€6.8m
down €6.8m (-19.2%), from €35.6m to €28.8m
- Goods and materials -€4.7m
down €4.7m (-15.9%), from €29.3m to €24.6m
- Provisions -€1.6m
down €1.6m (-89.0%), from €1.8m to €199,778
- Other operating charges -€933,674
down €933,674 (-62.5%), from €1.5m to €560,153
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.
Result 2024
€38,572
Turnover
-€6.8m
Other operating income
+€471
Goods and materials
+€4.7m
Services and other goods
-€113,289
Depreciation
-€75,386
Provisions
+€1.6m
Other operating charges
+€933,674
Financial income
+€52,258
Financial charges
+€1,510
Taxes
+€168,610
Result 2025
€451,285
raises the resultlowers the result
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.
From operations
+€9.0m
Investment
-€10.7m
Financing
-€451,285
Cash 2024
€2.6m
From operations (derived)
+€9.0m
Net result for the year
+€451,285
Depreciation
+€626,501
Receivables within one year
+€4.8m
Deferred charges and accrued income
+€1,494
Provisions
+€199,778
Trade debts
+€2.8m
Tax, wage and social debts
-€187,559
Other debts
+€333,159
Investment (derived)
-€10.7m
Investment in fixed assets (net)
-€13,517
Current investments
-€10.7m
Financing
-€451,285
Contributions, distributions and other
-€451,285
Cash 2025
€484,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,450,069 | €22,617,892 | +€3.2m | +16.3% |
| Fixed assets | 21/28 | €3,725,936 | €3,112,953 | -€612,983 | -16.5% |
| Tangible fixed assets | 22/27 | €3,625,936 | €3,012,953 | -€612,984 | -16.9% |
| Land and buildings | 22 | €2,469,341 | €2,305,517 | -€163,825 | -6.6% |
| Plant, machinery and equipment | 23 | €834,105 | €615,708 | -€218,397 | -26.2% |
| Assets under construction and advance payments | 27 | €322,490 | €91,728 | -€230,762 | -71.6% |
| Financial fixed assets | 28 | €100,000 | €100,001 | +€1 | 0.0% |
| Companies linked by participating interests | 282/3 | €100,000 | €100,001 | +€1 | 0.0% |
| Participating interests | 282 | €100,000 | €100,001 | +€1 | 0.0% |
| Current assets | 29/58 | €15,724,133 | €19,504,939 | +€3.8m | +24.0% |
| Amounts receivable within one year | 40/41 | €8,742,230 | €3,985,267 | -€4.8m | -54.4% |
| Trade receivables | 40 | €8,166,439 | €3,169,823 | -€5.0m | -61.2% |
| Other amounts receivable | 41 | €575,791 | €815,444 | +€239,653 | +41.6% |
| Current investments | 50/53 | €4,300,000 | €15,000,000 | +€10.7m | +249% |
| Other investments | 51/53 | €4,300,000 | €15,000,000 | +€10.7m | +249% |
| Cash at bank and in hand | 54/58 | €2,645,287 | €484,551 | -€2.2m | -81.7% |
| Deferred charges and accrued income | 490/1 | €36,615 | €35,121 | -€1,494 | -4.1% |
| Total equity and liabilities | 10/49 | €19,450,069 | €22,617,892 | +€3.2m | +16.3% |
| Equity | 10/15 | €338,800 | €338,800 | = | 0.0% |
| Contributions | 10/11 | €308,000 | €308,000 | = | 0.0% |
| Capital | 10 | €308,000 | €308,000 | = | 0.0% |
| Issued capital | 100 | €308,000 | €308,000 | = | 0.0% |
| Reserves | 13 | €30,800 | €30,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,800 | €30,800 | = | 0.0% |
| Legal reserve | 130 | €30,800 | €30,800 | = | 0.0% |
| Distributable reserves | 133 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,097,754 | €4,297,533 | +€199,778 | +4.9% |
| Provisions for liabilities and charges | 160/5 | €4,097,754 | €4,297,533 | +€199,778 | +4.9% |
| Environmental obligations | 163 | €4,097,754 | €4,297,533 | +€199,778 | +4.9% |
| Amounts payable | 17/49 | €15,013,515 | €17,981,560 | +€3.0m | +19.8% |
| Amounts payable within one year | 42/48 | €15,013,515 | €17,981,560 | +€3.0m | +19.8% |
| Trade debts | 44 | €14,658,482 | €17,480,927 | +€2.8m | +19.3% |
| Suppliers | 440/4 | €14,658,482 | €17,480,927 | +€2.8m | +19.3% |
| Taxes, remuneration and social security | 45 | €187,559 | - | -€187,559 | |
| Taxes | 450/3 | €187,559 | - | -€187,559 | |
| Other amounts payable | 47/48 | €167,474 | €500,633 | +€333,159 | +199% |
| Operating income | 70/76A | €35,610,081 | €28,774,155 | -€6.8m | -19.2% |
| Turnover | 70 | €35,610,081 | €28,773,683 | -€6.8m | -19.2% |
| Other operating income | 74 | - | €471 | +€471 | |
| Operating charges | 60/66A | €35,266,950 | €28,240,691 | -€7.0m | -19.9% |
| Goods for resale, raw materials and consumables | 60 | €29,284,912 | €24,618,612 | -€4.7m | -15.9% |
| Purchases | 600/8 | €29,284,912 | €24,618,612 | -€4.7m | -15.9% |
| Services and other goods | 61 | €2,122,357 | €2,235,647 | +€113,289 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551,114 | €626,501 | +€75,386 | +13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,814,740 | €199,778 | -€1.6m | -89.0% |
| Other operating charges | 640/8 | €1,493,826 | €560,153 | -€933,674 | -62.5% |
| Operating profit (loss) | 9901 | €343,131 | €533,464 | +€190,333 | +55.5% |
| Financial income | 75/76B | €22,920 | €75,179 | +€52,258 | +228% |
| Recurring financial income | 75 | €22,920 | €75,179 | +€52,258 | +228% |
| Income from current assets | 751 | €22,920 | €75,150 | +€52,230 | +228% |
| Other financial income | 752/9 | €0 | €29 | +€29 | +285,600% |
| Financial charges | 65/66B | €1,712 | €201 | -€1,510 | -88.2% |
| Recurring financial charges | 65 | €1,712 | €201 | -€1,510 | -88.2% |
| Debt charges | 650 | €1,595 | €44 | -€1,552 | -97.3% |
| Other financial charges | 652/9 | €116 | €157 | +€41 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €364,339 | €608,442 | +€244,102 | +67.0% |
| Income taxes | 67/77 | €325,767 | €157,157 | -€168,610 | -51.8% |
| Taxes | 670/3 | €325,767 | €157,157 | -€168,610 | -51.8% |
| Profit (loss) for the period | 9904 | €38,572 | €451,285 | +€412,713 | +1,070% |
| Profit (loss) for the period to be appropriated | 9905 | €38,572 | €451,285 | +€412,713 | +1,070% |
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.