Terranova Hydrogen: 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.
Terranova Hydrogen
Largest movements
- Cash -€256,963
down €256,963 (-87.7%), from €292,984 to €36,021
mainly Current investments (-€250,000) and Trade debts (-€4,499)
- Current investments +€250,000
new in 2025: €250,000
- Trade debts -€4,499
down €4,499 (-24.5%), from €18,358 to €13,859
- Gross operating margin +€5,527
up €5,527 (+53.0%), from -€10,422 to -€4,896
- Financial income +€2,104
up €2,104 (+77.0%), from €2,732 to €4,836
- Taxes -€953
no longer reported in 2025 (was €953)
- Other operating charges +€158
up €158 (+31.4%), from €505 to €664
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 | €293,608 | €288,237 | -€5,371 | -1.8% |
| Current assets | 29/58 | €293,608 | €288,237 | -€5,371 | -1.8% |
| Amounts receivable within one year | 40/41 | €624 | €2,112 | +€1,489 | +239% |
| Other amounts receivable | 41 | €624 | €2,112 | +€1,489 | +239% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €292,984 | €36,021 | -€256,963 | -87.7% |
| Deferred charges and accrued income | 490/1 | - | €104 | +€104 | |
| Total equity and liabilities | 10/49 | €293,608 | €288,237 | -€5,371 | -1.8% |
| Equity | 10/15 | €275,251 | €274,348 | -€903 | -0.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,749 | -€25,652 | -€903 | -3.6% |
| Amounts payable | 17/49 | €18,358 | €13,890 | -€4,468 | -24.3% |
| Amounts payable within one year | 42/48 | €18,358 | €13,890 | -€4,468 | -24.3% |
| Trade debts | 44 | €18,358 | €13,859 | -€4,499 | -24.5% |
| Suppliers | 440/4 | €18,358 | €13,859 | -€4,499 | -24.5% |
| Taxes, remuneration and social security | 45 | - | €31 | +€31 | |
| Taxes | 450/3 | - | €31 | +€31 | |
| Other operating charges | 640/8 | €505 | €664 | +€158 | +31.4% |
| Gross operating margin | 9900 | -€10,422 | -€4,896 | +€5,527 | +53.0% |
| Operating profit (loss) | 9901 | -€10,928 | -€5,559 | +€5,368 | +49.1% |
| Financial income | 75/76B | €2,732 | €4,836 | +€2,104 | +77.0% |
| Recurring financial income | 75 | €2,732 | €4,836 | +€2,104 | +77.0% |
| Financial charges | 65/66B | €178 | €179 | +€2 | +0.8% |
| Recurring financial charges | 65 | €178 | €179 | +€2 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,373 | -€903 | +€7,470 | +89.2% |
| Income taxes | 67/77 | €953 | - | -€953 | |
| Profit (loss) for the period | 9904 | -€9,326 | -€903 | +€8,423 | +90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,326 | -€903 | +€8,423 | +90.3% |
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 28 October 2026 via checked.be.