TERRAS: what changed
Two fiscal 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.
TERRAS
Largest movements
- Stocks and contracts -€34,683
no longer reported in 2024 (was €34,683)
- Cash -€31,028
down €31,028 (-79.0%), from €39,257 to €8,229
mainly Trade debts (-€69,848) and Net result for the year (-€9,462)
- Receivables within one year -€9,063
down €9,063 (-3.7%), from €244,701 to €235,638
of which Other amounts receivable: -€4,827
- Deferred charges and accrued income +€4,000
new in 2024: €4,000
- Trade debts -€69,848
down €69,848 (-32.0%), from €217,957 to €148,109
- Other debts +€9,329
up €9,329 (+11.7%), from €80,000 to €89,329
- Reserves -€8,204
down €8,204 (-38.8%), from €21,165 to €12,961
- Gross operating margin -€78,208
down €78,208 (-2685.7%), from -€2,912 to -€81,120
- Financial income +€56,760
up €56,760 (+253.3%), from €22,412 to €79,172
of which Non-recurring financial income: +€56,789
- Financial charges -€12,864
down €12,864 (-96.8%), from €13,290 to €426
of which Non-recurring financial charges: -€13,150
- Taxes -€1,780
no longer reported in 2024 (was €1,780)
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 | €330,730 | €259,187 | -€71,543 | -21.6% |
| Fixed assets | 21/28 | €12,089 | €11,320 | -€769 | -6.4% |
| Tangible fixed assets | 22/27 | €1,950 | €1,081 | -€869 | -44.6% |
| Furniture and vehicles | 24 | €1,950 | €1,081 | -€869 | -44.6% |
| Financial fixed assets | 28 | €10,139 | €10,239 | +€100 | +1.0% |
| Current assets | 29/58 | €318,641 | €247,867 | -€70,774 | -22.2% |
| Stocks and contracts in progress | 3 | €34,683 | - | -€34,683 | |
| Stocks | 30/36 | €34,683 | - | -€34,683 | |
| Amounts receivable within one year | 40/41 | €244,701 | €235,638 | -€9,063 | -3.7% |
| Trade receivables | 40 | €13,536 | €9,300 | -€4,236 | -31.3% |
| Other amounts receivable | 41 | €231,165 | €226,338 | -€4,827 | -2.1% |
| Cash at bank and in hand | 54/58 | €39,257 | €8,229 | -€31,028 | -79.0% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €330,730 | €259,187 | -€71,543 | -21.6% |
| Equity | 10/15 | €27,362 | €17,900 | -€9,462 | -34.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €21,165 | €12,961 | -€8,204 | -38.8% |
| Distributable reserves | 133 | €21,165 | €12,961 | -€8,204 | -38.8% |
| Profit (loss) carried forward | 14 | - | -€1,258 | -€1,258 | |
| Amounts payable | 17/49 | €303,368 | €241,287 | -€62,081 | -20.5% |
| Amounts payable within one year | 42/48 | €299,624 | €237,472 | -€62,152 | -20.7% |
| Trade debts | 44 | €217,957 | €148,109 | -€69,848 | -32.0% |
| Suppliers | 440/4 | €217,957 | €148,109 | -€69,848 | -32.0% |
| Taxes, remuneration and social security | 45 | €1,667 | €34 | -€1,633 | -98.0% |
| Taxes | 450/3 | €1,667 | €34 | -€1,633 | -98.0% |
| Other amounts payable | 47/48 | €80,000 | €89,329 | +€9,329 | +11.7% |
| Accrued charges and deferred income | 492/3 | €3,744 | €3,815 | +€71 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €869 | +€211 | +32.1% |
| Other operating charges | 640/8 | €493 | €169 | -€324 | -65.7% |
| Non-recurring operating charges | 66A | €0 | €6,050 | +€6,050 | |
| Gross operating margin | 9900 | -€2,912 | -€81,120 | -€78,208 | -2685.7% |
| Operating profit (loss) | 9901 | -€4,063 | -€88,208 | -€84,145 | -2071.0% |
| Financial income | 75/76B | €22,412 | €79,172 | +€56,760 | +253.3% |
| Recurring financial income | 75 | €2,649 | €2,620 | -€29 | -1.1% |
| Non-recurring financial income | 76B | €19,763 | €76,552 | +€56,789 | +287.4% |
| Financial charges | 65/66B | €13,290 | €426 | -€12,864 | -96.8% |
| Recurring financial charges | 65 | €140 | €426 | +€286 | +204.3% |
| Non-recurring financial charges | 66B | €13,150 | - | -€13,150 | |
| Profit (loss) for the period before taxes | 9903 | €5,059 | -€9,462 | -€14,521 | |
| Income taxes | 67/77 | €1,780 | - | -€1,780 | |
| Profit (loss) for the period | 9904 | €3,279 | -€9,462 | -€12,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,279 | -€9,462 | -€12,741 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.