Terranovis: 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.
Terranovis
Largest movements
- Financial fixed assets -€195,645
down €195,645 (-96.1%), from €203,640 to €7,995
- Receivables within one year -€97,072
down €97,072 (-20.1%), from €483,247 to €386,175
of which Trade receivables: -€103,677
- Profit (loss) carried forward -€427,078
down €427,078, from €134,709 to -€292,369
- Accrued charges and deferred income +€190,619
up €190,619, from €0 to €190,619
- Tax, wage and social debts -€94,438
down €94,438 (-92.2%), from €102,382 to €7,944
of which Taxes: -€94,818
- Trade debts +€32,613
up €32,613 (+17.0%), from €191,495 to €224,108
- Gross operating margin -€695,640
down €695,640, from €352,585 to -€343,055
- Other operating charges -€121,985
down €121,985 (-84.6%), from €144,145 to €22,160
- Taxes -€39,929
down €39,929 (-99.6%), from €40,105 to €176
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 | €710,719 | €412,435 | -€298,284 | -42.0% |
| Fixed assets | 21/28 | €220,852 | €19,832 | -€201,020 | -91.0% |
| Tangible fixed assets | 22/27 | €17,212 | €11,837 | -€5,375 | -31.2% |
| Furniture and vehicles | 24 | €17,212 | €11,837 | -€5,375 | -31.2% |
| Financial fixed assets | 28 | €203,640 | €7,995 | -€195,645 | -96.1% |
| Current assets | 29/58 | €489,867 | €392,603 | -€97,264 | -19.9% |
| Amounts receivable within one year | 40/41 | €483,247 | €386,175 | -€97,072 | -20.1% |
| Trade receivables | 40 | €232,689 | €129,011 | -€103,677 | -44.6% |
| Other amounts receivable | 41 | €250,559 | €257,164 | +€6,605 | +2.6% |
| Cash at bank and in hand | 54/58 | €5,730 | €5,296 | -€435 | -7.6% |
| Deferred charges and accrued income | 490/1 | €890 | €1,132 | +€242 | +27.3% |
| Total equity and liabilities | 10/49 | €710,719 | €412,435 | -€298,284 | -42.0% |
| Equity | 10/15 | €213,987 | -€213,091 | -€427,078 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €60,685 | €60,685 | = | 0.0% |
| Distributable reserves | 133 | €60,685 | €60,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,709 | -€292,369 | -€427,078 | |
| Amounts payable | 17/49 | €496,732 | €625,527 | +€128,794 | +25.9% |
| Amounts payable after more than one year | 17 | €202,084 | €202,084 | = | 0.0% |
| Other amounts payable | 178/9 | €202,084 | €202,084 | = | 0.0% |
| Amounts payable within one year | 42/48 | €294,648 | €232,824 | -€61,825 | -21.0% |
| Trade debts | 44 | €191,495 | €224,108 | +€32,613 | +17.0% |
| Suppliers | 440/4 | €191,495 | €224,108 | +€32,613 | +17.0% |
| Taxes, remuneration and social security | 45 | €102,382 | €7,944 | -€94,438 | -92.2% |
| Taxes | 450/3 | €94,994 | €176 | -€94,818 | -99.8% |
| Remuneration and social security | 454/9 | €7,388 | €7,768 | +€380 | +5.2% |
| Other amounts payable | 47/48 | €771 | €771 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €190,619 | +€190,619 | |
| Remuneration, social security and pensions | 62 | €58,098 | €60,035 | +€1,937 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,375 | €5,375 | = | 0.0% |
| Other operating charges | 640/8 | €144,145 | €22,160 | -€121,985 | -84.6% |
| Gross operating margin | 9900 | €352,585 | -€343,055 | -€695,640 | |
| Operating profit (loss) | 9901 | €144,968 | -€430,625 | -€575,593 | |
| Financial income | 75/76B | €8,461 | €6,636 | -€1,825 | -21.6% |
| Recurring financial income | 75 | €8,461 | €6,636 | -€1,825 | -21.6% |
| Financial charges | 65/66B | €260 | €2,913 | +€2,653 | +1,020% |
| Recurring financial charges | 65 | €260 | €2,913 | +€2,653 | +1,020% |
| Profit (loss) for the period before taxes | 9903 | €153,169 | -€426,902 | -€580,071 | |
| Income taxes | 67/77 | €40,105 | €176 | -€39,929 | -99.6% |
| Profit (loss) for the period | 9904 | €113,064 | -€427,078 | -€540,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,064 | -€427,078 | -€540,142 |
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 19 October 2026 via checked.be.