Terraspro: 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.
Terraspro
Largest movements
- Receivables within one year +€30,275
up €30,275 (+99.2%), from €30,518 to €60,793
of which Other amounts receivable: +€22,472
- Tangible fixed assets -€4,872
down €4,872 (-61.6%), from €7,907 to €3,035
of which Leasing and similar rights: -€7,313
- Stocks and contracts +€2,750
up €2,750 (+8.6%), from €31,877 to €34,627
of which Stocks: +€1,500
- Cash +€2,275
up €2,275 (+177.0%), from €1,285 to €3,560
mainly Tax, wage and social debts (+€19,388) and Net result for the year (+€7,281)
- Tax, wage and social debts +€19,388
up €19,388 (+104.1%), from €18,624 to €38,012
of which Taxes: +€24,898
- Reserves +€7,281
up €7,281 (+22.0%), from €33,079 to €40,360
- Trade debts +€2,164
new in 2024: €2,164
- Other debts +€1,595
up €1,595 (+11.0%), from €14,483 to €16,078
- Staff costs -€26,615
down €26,615 (-62.4%), from €42,627 to €16,012
- Gross operating margin -€25,412
down €25,412 (-43.3%), from €58,754 to €33,342
- Taxes +€845
up €845 (+27.4%), from €3,083 to €3,928
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 | €72,737 | €103,165 | +€30,428 | +41.8% |
| Fixed assets | 21/28 | €8,307 | €3,435 | -€4,872 | -58.6% |
| Tangible fixed assets | 22/27 | €7,907 | €3,035 | -€4,872 | -61.6% |
| Plant, machinery and equipment | 23 | - | €62 | +€62 | |
| Furniture and vehicles | 24 | €594 | €2,973 | +€2,379 | +400.5% |
| Leasing and similar rights | 25 | €7,313 | - | -€7,313 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €64,430 | €99,730 | +€35,300 | +54.8% |
| Stocks and contracts in progress | 3 | €31,877 | €34,627 | +€2,750 | +8.6% |
| Stocks | 30/36 | €15,377 | €16,877 | +€1,500 | +9.8% |
| Contracts in progress | 37 | €16,500 | €17,750 | +€1,250 | +7.6% |
| Amounts receivable within one year | 40/41 | €30,518 | €60,793 | +€30,275 | +99.2% |
| Trade receivables | 40 | €28,015 | €35,818 | +€7,803 | +27.9% |
| Other amounts receivable | 41 | €2,503 | €24,975 | +€22,472 | +897.8% |
| Cash at bank and in hand | 54/58 | €1,285 | €3,560 | +€2,275 | +177.0% |
| Deferred charges and accrued income | 490/1 | €750 | €750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €72,737 | €103,165 | +€30,428 | +41.8% |
| Equity | 10/15 | €39,180 | €46,461 | +€7,281 | +18.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €33,079 | €40,360 | +€7,281 | +22.0% |
| Distributable reserves | 133 | €33,079 | €40,360 | +€7,281 | +22.0% |
| Profit (loss) carried forward | 14 | €101 | €101 | = | 0.0% |
| Amounts payable | 17/49 | €33,557 | €56,704 | +€23,147 | +69.0% |
| Amounts payable within one year | 42/48 | €33,107 | €56,254 | +€23,147 | +69.9% |
| Trade debts | 44 | - | €2,164 | +€2,164 | |
| Suppliers | 440/4 | - | €2,164 | +€2,164 | |
| Taxes, remuneration and social security | 45 | €18,624 | €38,012 | +€19,388 | +104.1% |
| Taxes | 450/3 | €4,829 | €29,727 | +€24,898 | +515.6% |
| Remuneration and social security | 454/9 | €13,795 | €8,285 | -€5,510 | -39.9% |
| Other amounts payable | 47/48 | €14,483 | €16,078 | +€1,595 | +11.0% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,627 | €16,012 | -€26,615 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,228 | €4,872 | -€356 | -6.8% |
| Other operating charges | 640/8 | €914 | €1,060 | +€146 | +16.0% |
| Gross operating margin | 9900 | €58,754 | €33,342 | -€25,412 | -43.3% |
| Operating profit (loss) | 9901 | €9,985 | €11,398 | +€1,413 | +14.2% |
| Financial charges | 65/66B | €649 | €189 | -€460 | -70.9% |
| Recurring financial charges | 65 | €649 | €189 | -€460 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €9,336 | €11,209 | +€1,873 | +20.1% |
| Income taxes | 67/77 | €3,083 | €3,928 | +€845 | +27.4% |
| Profit (loss) for the period | 9904 | €6,253 | €7,281 | +€1,028 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,253 | €7,281 | +€1,028 | +16.4% |
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 2 October 2026 via checked.be.