TERRAPAC: 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.
TERRAPAC
Largest movements
- Cash -€44,957
down €44,957 (-89.3%), from €50,370 to €5,413
mainly Receivables within one year (-€31,934) and Tax, wage and social debts (-€26,842)
- Receivables within one year +€31,934
up €31,934 (+308.5%), from €10,352 to €42,286
of which Trade receivables: +€36,079
- Tangible fixed assets -€8,768
down €8,768 (-20.6%), from €42,484 to €33,716
of which Furniture and vehicles: -€8,511
- Tax, wage and social debts -€26,842
down €26,842 (-87.4%), from €30,712 to €3,870
of which Taxes: -€26,842
- Trade debts +€24,008
up €24,008 (+274.3%), from €8,753 to €32,761
- Profit (loss) carried forward -€17,108
down €17,108 (-48.2%), from €35,495 to €18,387
- Debts after one year -€3,900
down €3,900 (-100.0%), from €3,900 to €0
- Other debts +€1,224
up €1,224, from €0 to €1,224
- Gross operating margin +€25,346
up €25,346 (+92.6%), from -€27,377 to -€2,031
- Financial charges +€771
up €771 (+290.7%), from €265 to €1,036
- Financial income -€712
down €712 (-72.3%), from €985 to €273
- Other operating charges +€314
up €314 (+31.8%), from €986 to €1,300
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,827 | €82,015 | -€21,811 | -21.0% |
| Fixed assets | 21/28 | €42,709 | €33,941 | -€8,768 | -20.5% |
| Tangible fixed assets | 22/27 | €42,484 | €33,716 | -€8,768 | -20.6% |
| Plant, machinery and equipment | 23 | €894 | €637 | -€257 | -28.8% |
| Furniture and vehicles | 24 | €41,591 | €33,080 | -€8,511 | -20.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €61,117 | €48,074 | -€13,043 | -21.3% |
| Stocks and contracts in progress | 3 | €395 | €375 | -€20 | -5.1% |
| Stocks | 30/36 | €395 | €375 | -€20 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,352 | €42,286 | +€31,934 | +308.5% |
| Trade receivables | 40 | €0 | €36,079 | +€36,079 | |
| Other amounts receivable | 41 | €10,352 | €6,207 | -€4,145 | -40.0% |
| Cash at bank and in hand | 54/58 | €50,370 | €5,413 | -€44,957 | -89.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €103,827 | €82,015 | -€21,811 | -21.0% |
| Equity | 10/15 | €55,955 | €38,847 | -€17,108 | -30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,495 | €18,387 | -€17,108 | -48.2% |
| Amounts payable | 17/49 | €47,871 | €43,168 | -€4,703 | -9.8% |
| Amounts payable after more than one year | 17 | €3,900 | €0 | -€3,900 | -100.0% |
| Financial debts | 170/4 | €3,900 | €0 | -€3,900 | -100.0% |
| Amounts payable within one year | 42/48 | €43,971 | €43,168 | -€803 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €4,506 | €5,313 | +€807 | +17.9% |
| Trade debts | 44 | €8,753 | €32,761 | +€24,008 | +274.3% |
| Suppliers | 440/4 | €8,753 | €32,761 | +€24,008 | +274.3% |
| Taxes, remuneration and social security | 45 | €30,712 | €3,870 | -€26,842 | -87.4% |
| Taxes | 450/3 | €30,712 | €3,870 | -€26,842 | -87.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €1,224 | +€1,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,906 | €12,950 | +€44 | +0.3% |
| Other operating charges | 640/8 | €986 | €1,300 | +€314 | +31.8% |
| Gross operating margin | 9900 | -€27,377 | -€2,031 | +€25,346 | +92.6% |
| Operating profit (loss) | 9901 | -€41,269 | -€16,281 | +€24,988 | +60.6% |
| Financial income | 75/76B | €985 | €273 | -€712 | -72.3% |
| Recurring financial income | 75 | €985 | €273 | -€712 | -72.3% |
| Financial charges | 65/66B | €265 | €1,036 | +€771 | +290.7% |
| Recurring financial charges | 65 | €265 | €1,036 | +€771 | +290.7% |
| Profit (loss) for the period before taxes | 9903 | -€40,549 | -€17,043 | +€23,506 | +58.0% |
| Income taxes | 67/77 | €187 | €65 | -€122 | -65.3% |
| Profit (loss) for the period | 9904 | -€40,736 | -€17,108 | +€23,628 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,736 | -€17,108 | +€23,628 | +58.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.