TERRATOM: 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.
TERRATOM
Largest movements
- Tangible fixed assets -€55,289
down €55,289 (-16.5%), from €335,494 to €280,205
of which Furniture and vehicles: -€44,681
- Receivables within one year +€19,132
up €19,132 (+8.7%), from €219,825 to €238,957
of which Trade receivables: +€82,040
- Cash +€14,491
up €14,491 (+12.6%), from €115,402 to €129,893
mainly Net result for the year (+€71,358) and Depreciation (+€61,087)
- Current investments +€10,976
new in 2025: €10,976
- Debts after one year -€53,731
down €53,731 (-28.7%), from €187,351 to €133,620
- Trade debts +€33,176
up €33,176 (+69.6%), from €47,635 to €80,810
- Tax, wage and social debts +€18,389
up €18,389 (+87.9%), from €20,927 to €39,316
of which Taxes: +€20,045
- Current portion of long-term debt -€8,982
down €8,982 (-14.3%), from €62,714 to €53,731
- Gross operating margin +€49,926
up €49,926 (+13.0%), from €385,137 to €435,063
- Taxes +€23,784
up €23,784 (+161.1%), from €14,767 to €38,552
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 | €678,019 | €668,228 | -€9,791 | -1.4% |
| Fixed assets | 21/28 | €335,771 | €281,192 | -€54,579 | -16.3% |
| Intangible fixed assets | 21 | - | €987 | +€987 | |
| Tangible fixed assets | 22/27 | €335,494 | €280,205 | -€55,289 | -16.5% |
| Land and buildings | 22 | €154,341 | €151,175 | -€3,166 | -2.1% |
| Plant, machinery and equipment | 23 | €26,258 | €18,815 | -€7,442 | -28.3% |
| Furniture and vehicles | 24 | €154,895 | €110,214 | -€44,681 | -28.8% |
| Financial fixed assets | 28 | €277 | €0 | -€277 | -100.0% |
| Current assets | 29/58 | €342,248 | €387,036 | +€44,788 | +13.1% |
| Stocks and contracts in progress | 3 | €7,021 | €6,985 | -€36 | -0.5% |
| Stocks | 30/36 | €7,021 | €6,985 | -€36 | -0.5% |
| Amounts receivable within one year | 40/41 | €219,825 | €238,957 | +€19,132 | +8.7% |
| Trade receivables | 40 | €144,072 | €226,112 | +€82,040 | +56.9% |
| Other amounts receivable | 41 | €75,753 | €12,845 | -€62,908 | -83.0% |
| Current investments | 50/53 | - | €10,976 | +€10,976 | |
| Cash at bank and in hand | 54/58 | €115,402 | €129,893 | +€14,491 | +12.6% |
| Deferred charges and accrued income | 490/1 | €0 | €225 | +€225 | |
| Total equity and liabilities | 10/49 | €678,019 | €668,228 | -€9,791 | -1.4% |
| Equity | 10/15 | €359,393 | €360,751 | +€1,358 | +0.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €334,062 | €335,961 | +€1,900 | +0.6% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €331,583 | €333,482 | +€1,900 | +0.6% |
| Profit (loss) carried forward | 14 | €542 | €0 | -€542 | -100.0% |
| Amounts payable | 17/49 | €318,626 | €307,477 | -€11,149 | -3.5% |
| Amounts payable after more than one year | 17 | €187,351 | €133,620 | -€53,731 | -28.7% |
| Financial debts | 170/4 | €187,351 | €133,620 | -€53,731 | -28.7% |
| Amounts payable within one year | 42/48 | €131,275 | €173,857 | +€42,583 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €62,714 | €53,731 | -€8,982 | -14.3% |
| Trade debts | 44 | €47,635 | €80,810 | +€33,176 | +69.6% |
| Suppliers | 440/4 | €47,635 | €80,810 | +€33,176 | +69.6% |
| Taxes, remuneration and social security | 45 | €20,927 | €39,316 | +€18,389 | +87.9% |
| Taxes | 450/3 | €13,121 | €33,165 | +€20,045 | +152.8% |
| Remuneration and social security | 454/9 | €7,806 | €6,151 | -€1,655 | -21.2% |
| Non-recurring operating income | 76A | €18,170 | €0 | -€18,170 | -100.0% |
| Remuneration, social security and pensions | 62 | €252,848 | €255,282 | +€2,433 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,346 | €61,087 | +€742 | +1.2% |
| Other operating charges | 640/8 | €1,903 | €1,846 | -€58 | -3.0% |
| Non-recurring operating charges | 66A | €6,438 | €0 | -€6,438 | -100.0% |
| Gross operating margin | 9900 | €385,137 | €435,063 | +€49,926 | +13.0% |
| Operating profit (loss) | 9901 | €63,601 | €116,848 | +€53,247 | +83.7% |
| Financial income | 75/76B | €5,121 | €5,674 | +€552 | +10.8% |
| Recurring financial income | 75 | €5,121 | €5,674 | +€552 | +10.8% |
| Financial charges | 65/66B | €14,396 | €12,613 | -€1,784 | -12.4% |
| Recurring financial charges | 65 | €14,396 | €12,613 | -€1,784 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €54,326 | €109,909 | +€55,583 | +102.3% |
| Income taxes | 67/77 | €14,767 | €38,552 | +€23,784 | +161.1% |
| Profit (loss) for the period | 9904 | €39,559 | €71,358 | +€31,799 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,559 | €71,358 | +€31,799 | +80.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.