Terranovus: 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.
Terranovus
Largest movements
- Cash +€8,324
up €8,324 (+240.9%), from €3,455 to €11,778
mainly Tax, wage and social debts (+€2,428) and Depreciation (+€2,130)
- Tangible fixed assets -€2,130
down €2,130 (-40.4%), from €5,273 to €3,143
- Deferred charges and accrued income -€713
down €713 (-55.0%), from €1,297 to €584
- Tax, wage and social debts +€2,428
up €2,428 (+1300.1%), from €187 to €2,615
- Trade debts +€1,273
up €1,273, from €0 to €1,273
- Advances received +€862
new in 2025: €862
- Other debts +€527
up €527 (+5.0%), from €10,632 to €11,159
- Profit (loss) carried forward +€470
up €470 (+35.6%), from -€1,319 to -€849
- Gross operating margin +€2,591
up €2,591 (+99.2%), from €2,612 to €5,203
- Taxes +€1,325
up €1,325 (+709.2%), from €187 to €1,511
- Depreciation +€1,013
up €1,013 (+90.6%), from €1,117 to €2,130
- Other operating charges +€648
up €648 (+163.2%), from €397 to €1,045
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 | €12,000 | €17,559 | +€5,559 | +46.3% |
| Fixed assets | 21/28 | €5,273 | €3,143 | -€2,130 | -40.4% |
| Tangible fixed assets | 22/27 | €5,273 | €3,143 | -€2,130 | -40.4% |
| Furniture and vehicles | 24 | €5,273 | €3,143 | -€2,130 | -40.4% |
| Current assets | 29/58 | €6,727 | €14,416 | +€7,689 | +114.3% |
| Amounts receivable within one year | 40/41 | €1,975 | €2,054 | +€79 | +4.0% |
| Trade receivables | 40 | €1,237 | €2,054 | +€817 | +66.1% |
| Other amounts receivable | 41 | €739 | €0 | -€739 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,455 | €11,778 | +€8,324 | +240.9% |
| Deferred charges and accrued income | 490/1 | €1,297 | €584 | -€713 | -55.0% |
| Total equity and liabilities | 10/49 | €12,000 | €17,559 | +€5,559 | +46.3% |
| Equity | 10/15 | €1,181 | €1,651 | +€470 | +39.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,319 | -€849 | +€470 | +35.6% |
| Amounts payable | 17/49 | €10,819 | €15,908 | +€5,090 | +47.0% |
| Amounts payable within one year | 42/48 | €10,819 | €15,908 | +€5,090 | +47.0% |
| Trade debts | 44 | €0 | €1,273 | +€1,273 | |
| Suppliers | 440/4 | €0 | €1,273 | +€1,273 | |
| Advances received on contracts in progress | 46 | - | €862 | +€862 | |
| Taxes, remuneration and social security | 45 | €187 | €2,615 | +€2,428 | +1300.1% |
| Taxes | 450/3 | €187 | €2,615 | +€2,428 | +1300.1% |
| Other amounts payable | 47/48 | €10,632 | €11,159 | +€527 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €2,130 | +€1,013 | +90.6% |
| Other operating charges | 640/8 | €397 | €1,045 | +€648 | +163.2% |
| Gross operating margin | 9900 | €2,612 | €5,203 | +€2,591 | +99.2% |
| Operating profit (loss) | 9901 | €1,098 | €2,028 | +€930 | +84.7% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €81 | €57 | -€24 | -29.6% |
| Recurring financial charges | 65 | €81 | €57 | -€24 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €1,017 | €1,981 | +€964 | +94.9% |
| Income taxes | 67/77 | €187 | €1,511 | +€1,325 | +709.2% |
| Profit (loss) for the period | 9904 | €830 | €470 | -€360 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €830 | €470 | -€360 | -43.4% |
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 10 October 2026 via checked.be.