TERRASSIMMO: 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.
TERRASSIMMO
Largest movements
- Cash +€135,804
up €135,804 (+1,127%), from €12,046 to €147,850
mainly Net result for the year (+€57,968) and Investment in fixed assets (net) (+€55,368)
- Tangible fixed assets -€95,549
down €95,549 (-9.5%), from €1.0m to €914,951
of which Land and buildings: -€93,319
- Reserves +€57,968
up €57,968 (+20.7%), from €280,564 to €338,531
of which Distributable reserves: +€96,753
- Provisions -€19,980
down €19,980 (-14.9%), from €133,915 to €113,935
- Gross operating margin +€81,655
up €81,655 (+219%), from €37,231 to €118,886
- Taxes +€17,519
up €17,519 (+10,239%), from €171 to €17,690
- Depreciation -€2,632
down €2,632 (-6.1%), from €42,813 to €40,181
- Financial charges -€2,232
down €2,232 (-13.0%), from €17,207 to €14,975
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.
Derived cash bridge
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 | €1,029,379 | €1,065,672 | +€36,292 | +3.5% |
| Fixed assets | 21/28 | €1,010,500 | €914,951 | -€95,549 | -9.5% |
| Tangible fixed assets | 22/27 | €1,010,500 | €914,951 | -€95,549 | -9.5% |
| Land and buildings | 22 | €987,125 | €893,806 | -€93,319 | -9.5% |
| Plant, machinery and equipment | 23 | €23,375 | €21,145 | -€2,230 | -9.5% |
| Current assets | 29/58 | €18,880 | €150,721 | +€131,841 | +698% |
| Amounts receivable within one year | 40/41 | €5,098 | €1,135 | -€3,963 | -77.7% |
| Trade receivables | 40 | €4,098 | €135 | -€3,963 | -96.7% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Current investments | 50/53 | €1,735 | €1,735 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,046 | €147,850 | +€135,804 | +1,127% |
| Total equity and liabilities | 10/49 | €1,029,379 | €1,065,672 | +€36,292 | +3.5% |
| Equity | 10/15 | €659,773 | €717,740 | +€57,968 | +8.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €280,564 | €338,531 | +€57,968 | +20.7% |
| Tax-exempt reserves | 132 | €278,704 | €239,919 | -€38,785 | -13.9% |
| Distributable reserves | 133 | €1,860 | €98,613 | +€96,753 | +5,202% |
| Profit (loss) carried forward | 14 | €373,004 | €373,004 | = | 0.0% |
| Provisions and deferred taxes | 16 | €133,915 | €113,935 | -€19,980 | -14.9% |
| Deferred taxes | 168 | €133,915 | €113,935 | -€19,980 | -14.9% |
| Amounts payable | 17/49 | €235,691 | €233,996 | -€1,695 | -0.7% |
| Amounts payable after more than one year | 17 | €7,547 | €2,236 | -€5,311 | -70.4% |
| Financial debts | 170/4 | €7,547 | €2,236 | -€5,311 | -70.4% |
| Amounts payable within one year | 42/48 | €211,232 | €217,302 | +€6,070 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €5,232 | €5,311 | +€79 | +1.5% |
| Trade debts | 44 | €2,447 | - | -€2,447 | |
| Suppliers | 440/4 | €2,447 | - | -€2,447 | |
| Taxes, remuneration and social security | 45 | €308 | €7,774 | +€7,466 | +2,425% |
| Taxes | 450/3 | €308 | €7,774 | +€7,466 | +2,425% |
| Other amounts payable | 47/48 | €203,245 | €204,217 | +€972 | +0.5% |
| Accrued charges and deferred income | 492/3 | €16,912 | €14,458 | -€2,454 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,813 | €40,181 | -€2,632 | -6.1% |
| Other operating charges | 640/8 | €8,822 | €8,255 | -€567 | -6.4% |
| Gross operating margin | 9900 | €37,231 | €118,886 | +€81,655 | +219% |
| Operating profit (loss) | 9901 | -€14,403 | €70,451 | +€84,854 | |
| Financial income | 75/76B | €89 | €202 | +€112 | +126% |
| Recurring financial income | 75 | €89 | €202 | +€112 | +126% |
| Financial charges | 65/66B | €17,207 | €14,975 | -€2,232 | -13.0% |
| Recurring financial charges | 65 | €17,207 | €14,975 | -€2,232 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,521 | €55,677 | +€87,198 | |
| Transfer from deferred taxes | 780 | €6,688 | €19,980 | +€13,292 | +199% |
| Income taxes | 67/77 | €171 | €17,690 | +€17,519 | +10,239% |
| Profit (loss) for the period | 9904 | -€25,004 | €57,968 | +€82,971 | |
| Transfer from tax-exempt reserves | 789 | €12,983 | €38,785 | +€25,802 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,020 | €96,753 | +€108,773 |
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 16 October 2026 via checked.be.