TERRASPECTRA: what changed
What changed
TERRASPECTRA
filed annual accounts (NBB)
Net result for the year
-€30,796
2024 · €20,290-€51,085
Equity
-€109,659
2024 · -€78,863-€30,796
Cash
€11
2024 · €117-€106
Balance sheet total
€726,655
2024 · €1.0m-€291,953
Largest movements
Assets
- Stocks and contracts -€307,287
down €307,287 (-30.2%), from €1.0m to €711,203
- Receivables within one year +€15,441
new in 2025: €15,441
Equity and liabilities
- Short-term financial debts -€226,805
down €226,805 (-36.4%), from €623,493 to €396,688
- Profit (loss) carried forward -€30,796
down €30,796 (-32.2%), from -€95,722 to -€126,518
- Other debts -€26,936
down €26,936 (-5.9%), from €456,579 to €429,643
Income statement
- Gross operating margin -€59,827
down €59,827, from €53,810 to -€6,017
- Financial charges -€6,046
down €6,046 (-19.9%), from €30,425 to €24,379
- Other operating charges -€2,695
down €2,695 (-87.1%), from €3,095 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€20,290
Gross operating margin
-€59,827
Other operating charges
+€2,695
Financial charges
+€6,046
Result 2025
-€30,796
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€226,699
Investment
€0
Financing
-€226,805
Cash 2024
€117
From operations (derived)
+€226,699
Net result for the year
-€30,796
Stocks and contracts
+€307,287
Receivables within one year
-€15,441
Trade debts
-€1,075
Advances received
-€6,000
Other debts
-€26,936
Accrued charges and deferred income
-€341
Financing
-€226,805
Short-term financial debts
-€226,805
Cash 2025
€11
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,018,607 | €726,655 | -€291,953 | -28.7% |
| Current assets | 29/58 | €1,018,607 | €726,655 | -€291,953 | -28.7% |
| Stocks and contracts in progress | 3 | €1,018,490 | €711,203 | -€307,287 | -30.2% |
| Stocks | 30/36 | €1,018,490 | €711,203 | -€307,287 | -30.2% |
| Amounts receivable within one year | 40/41 | - | €15,441 | +€15,441 | |
| Other amounts receivable | 41 | - | €15,441 | +€15,441 | |
| Cash at bank and in hand | 54/58 | €117 | €11 | -€106 | -90.5% |
| Total equity and liabilities | 10/49 | €1,018,607 | €726,655 | -€291,953 | -28.7% |
| Equity | 10/15 | -€78,863 | -€109,659 | -€30,796 | -39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,859 | €6,859 | = | 0.0% |
| Distributable reserves | 133 | €6,859 | €6,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,722 | -€126,518 | -€30,796 | -32.2% |
| Amounts payable | 17/49 | €1,097,471 | €836,314 | -€261,157 | -23.8% |
| Amounts payable within one year | 42/48 | €1,097,130 | €836,314 | -€260,816 | -23.8% |
| Financial debts | 43 | €623,493 | €396,688 | -€226,805 | -36.4% |
| Credit institutions | 430/8 | €623,493 | €396,688 | -€226,805 | -36.4% |
| Trade debts | 44 | €7,058 | €5,983 | -€1,075 | -15.2% |
| Suppliers | 440/4 | €7,058 | €5,983 | -€1,075 | -15.2% |
| Advances received on contracts in progress | 46 | €10,000 | €4,000 | -€6,000 | -60.0% |
| Other amounts payable | 47/48 | €456,579 | €429,643 | -€26,936 | -5.9% |
| Accrued charges and deferred income | 492/3 | €341 | €0 | -€341 | -100% |
| Other operating charges | 640/8 | €3,095 | €400 | -€2,695 | -87.1% |
| Gross operating margin | 9900 | €53,810 | -€6,017 | -€59,827 | |
| Operating profit (loss) | 9901 | €50,715 | -€6,416 | -€57,132 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €30,425 | €24,379 | -€6,046 | -19.9% |
| Recurring financial charges | 65 | €30,425 | €24,379 | -€6,046 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €20,290 | -€30,796 | -€51,085 | |
| Profit (loss) for the period | 9904 | €20,290 | -€30,796 | -€51,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,290 | -€30,796 | -€51,085 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.