TERRATREC: 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.
TERRATREC
Largest movements
- Receivables within one year -€10,159
down €10,159 (-30.9%), from €32,834 to €22,675
of which Trade receivables: -€10,543
- Tangible fixed assets -€2,749
down €2,749 (-23.3%), from €11,801 to €9,052
- Cash +€1,716
up €1,716 (+58.9%), from €2,913 to €4,629
mainly Receivables within one year (+€10,159) and Net result for the year (+€3,578)
- Trade debts -€10,265
down €10,265 (-45.3%), from €22,674 to €12,409
- Debts after one year -€4,000
down €4,000 (-13.6%), from €29,500 to €25,500
- Profit (loss) carried forward +€3,578
up €3,578 (+11.6%), from -€30,720 to -€27,142
- Gross operating margin -€35,639
down €35,639 (-82.2%), from €43,371 to €7,732
- Depreciation +€806
up €806 (+41.5%), from €1,943 to €2,749
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 | €47,854 | €37,045 | -€10,810 | -22.6% |
| Fixed assets | 21/28 | €11,801 | €9,052 | -€2,749 | -23.3% |
| Tangible fixed assets | 22/27 | €11,801 | €9,052 | -€2,749 | -23.3% |
| Furniture and vehicles | 24 | €11,801 | €9,052 | -€2,749 | -23.3% |
| Current assets | 29/58 | €36,054 | €27,993 | -€8,061 | -22.4% |
| Amounts receivable within one year | 40/41 | €32,834 | €22,675 | -€10,159 | -30.9% |
| Trade receivables | 40 | €30,705 | €20,162 | -€10,543 | -34.3% |
| Other amounts receivable | 41 | €2,129 | €2,513 | +€384 | +18.0% |
| Cash at bank and in hand | 54/58 | €2,913 | €4,629 | +€1,716 | +58.9% |
| Deferred charges and accrued income | 490/1 | €307 | €689 | +€382 | +124.6% |
| Total equity and liabilities | 10/49 | €47,854 | €37,045 | -€10,810 | -22.6% |
| Equity | 10/15 | -€10,720 | -€7,142 | +€3,578 | +33.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,720 | -€27,142 | +€3,578 | +11.6% |
| Amounts payable | 17/49 | €58,574 | €44,186 | -€14,388 | -24.6% |
| Amounts payable after more than one year | 17 | €29,500 | €25,500 | -€4,000 | -13.6% |
| Financial debts | 170/4 | €29,500 | €25,500 | -€4,000 | -13.6% |
| Amounts payable within one year | 42/48 | €29,074 | €18,672 | -€10,402 | -35.8% |
| Financial debts | 43 | €3,029 | €3,108 | +€79 | +2.6% |
| Credit institutions | 430/8 | €3,029 | €3,108 | +€79 | +2.6% |
| Trade debts | 44 | €22,674 | €12,409 | -€10,265 | -45.3% |
| Suppliers | 440/4 | €22,674 | €12,409 | -€10,265 | -45.3% |
| Taxes, remuneration and social security | 45 | €2,411 | €2,400 | -€11 | -0.5% |
| Taxes | 450/3 | €2,411 | €2,400 | -€11 | -0.5% |
| Other amounts payable | 47/48 | €960 | €755 | -€205 | -21.3% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | €2,749 | +€806 | +41.5% |
| Other operating charges | 640/8 | €482 | €414 | -€68 | -14.1% |
| Gross operating margin | 9900 | €43,371 | €7,732 | -€35,639 | -82.2% |
| Operating profit (loss) | 9901 | €40,947 | €4,570 | -€36,377 | -88.8% |
| Financial income | 75/76B | €19 | €1 | -€18 | -96.7% |
| Recurring financial income | 75 | €19 | €1 | -€18 | -96.7% |
| Financial charges | 65/66B | €1,323 | €992 | -€331 | -25.0% |
| Recurring financial charges | 65 | €1,323 | €992 | -€331 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €39,643 | €3,578 | -€36,065 | -91.0% |
| Profit (loss) for the period | 9904 | €39,643 | €3,578 | -€36,065 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,643 | €3,578 | -€36,065 | -91.0% |
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 4 October 2026 via checked.be.