Terratec: 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.
Terratec
Largest movements
- Stocks and contracts +€38,492
up €38,492 (+162.0%), from €23,757 to €62,249
of which Stocks: +€30,197
- Cash -€24,388
down €24,388 (-67.2%), from €36,285 to €11,897
mainly Stocks and contracts (-€38,492) and Debts after one year (-€16,382)
- Receivables within one year -€17,941
down €17,941 (-97.3%), from €18,444 to €502
- Deferred charges and accrued income +€11,807
up €11,807 (+4995.3%), from €236 to €12,044
- Tangible fixed assets -€7,896
down €7,896 (-26.0%), from €30,417 to €22,521
of which Furniture and vehicles: -€4,004
- Trade debts +€20,291
up €20,291 (+88.0%), from €23,049 to €43,339
- Debts after one year -€16,382
down €16,382 (-46.7%), from €35,091 to €18,709
- Tax, wage and social debts -€11,041
down €11,041 (-75.9%), from €14,538 to €3,498
- Accrued charges and deferred income +€7,320
new in 2025: €7,320
- Advances received -€4,168
down €4,168 (-100.0%), from €4,168 to €0
- Gross operating margin -€12,278
down €12,278 (-39.3%), from €31,272 to €18,993
- Other operating charges +€3,012
up €3,012 (+250.1%), from €1,204 to €4,217
- Taxes -€2,530
down €2,530 (-76.7%), from €3,298 to €768
- Depreciation -€1,174
down €1,174 (-12.3%), from €9,556 to €8,381
- Financial charges -€382
down €382 (-11.8%), from €3,231 to €2,849
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.
Cash bridge derived
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 | €111,071 | €110,660 | -€411 | -0.4% |
| Fixed assets | 21/28 | €32,349 | €23,968 | -€8,381 | -25.9% |
| Intangible fixed assets | 21 | €1,932 | €1,447 | -€486 | -25.1% |
| Tangible fixed assets | 22/27 | €30,417 | €22,521 | -€7,896 | -26.0% |
| Plant, machinery and equipment | 23 | €15,069 | €11,177 | -€3,892 | -25.8% |
| Furniture and vehicles | 24 | €15,348 | €11,344 | -€4,004 | -26.1% |
| Current assets | 29/58 | €78,722 | €86,692 | +€7,970 | +10.1% |
| Stocks and contracts in progress | 3 | €23,757 | €62,249 | +€38,492 | +162.0% |
| Stocks | 30/36 | €4,980 | €35,177 | +€30,197 | +606.4% |
| Contracts in progress | 37 | €18,777 | €27,072 | +€8,296 | +44.2% |
| Amounts receivable within one year | 40/41 | €18,444 | €502 | -€17,941 | -97.3% |
| Trade receivables | 40 | €18,444 | €502 | -€17,941 | -97.3% |
| Cash at bank and in hand | 54/58 | €36,285 | €11,897 | -€24,388 | -67.2% |
| Deferred charges and accrued income | 490/1 | €236 | €12,044 | +€11,807 | +4995.3% |
| Total equity and liabilities | 10/49 | €111,071 | €110,660 | -€411 | -0.4% |
| Equity | 10/15 | €17,037 | €19,841 | +€2,804 | +16.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,037 | €16,841 | +€2,804 | +20.0% |
| Amounts payable | 17/49 | €94,034 | €90,819 | -€3,215 | -3.4% |
| Amounts payable after more than one year | 17 | €35,091 | €18,709 | -€16,382 | -46.7% |
| Financial debts | 170/4 | €35,091 | €18,709 | -€16,382 | -46.7% |
| Amounts payable within one year | 42/48 | €58,943 | €64,790 | +€5,847 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €17,071 | €17,836 | +€765 | +4.5% |
| Trade debts | 44 | €23,049 | €43,339 | +€20,291 | +88.0% |
| Suppliers | 440/4 | €23,049 | €43,339 | +€20,291 | +88.0% |
| Advances received on contracts in progress | 46 | €4,168 | €0 | -€4,168 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,538 | €3,498 | -€11,041 | -75.9% |
| Taxes | 450/3 | €14,538 | €3,498 | -€11,041 | -75.9% |
| Other amounts payable | 47/48 | €117 | €117 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €7,320 | +€7,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,556 | €8,381 | -€1,174 | -12.3% |
| Other operating charges | 640/8 | €1,204 | €4,217 | +€3,012 | +250.1% |
| Gross operating margin | 9900 | €31,272 | €18,993 | -€12,278 | -39.3% |
| Operating profit (loss) | 9901 | €20,512 | €6,396 | -€14,116 | -68.8% |
| Financial income | 75/76B | €54 | €25 | -€29 | -53.4% |
| Recurring financial income | 75 | €54 | €25 | -€29 | -53.4% |
| Financial charges | 65/66B | €3,231 | €2,849 | -€382 | -11.8% |
| Recurring financial charges | 65 | €3,231 | €2,849 | -€382 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €17,335 | €3,572 | -€13,763 | -79.4% |
| Income taxes | 67/77 | €3,298 | €768 | -€2,530 | -76.7% |
| Profit (loss) for the period | 9904 | €14,037 | €2,804 | -€11,233 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,037 | €2,804 | -€11,233 | -80.0% |
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 12 October 2026 via checked.be.