Terravec: 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.
Terravec
Largest movements
- Receivables within one year +€22,611
up €22,611 (+77.2%), from €29,295 to €51,906
of which Trade receivables: +€15,839
- Deferred charges and accrued income -€4,915
down €4,915 (-97.9%), from €5,021 to €106
- Cash +€1,986
up €1,986 (+26.0%), from €7,628 to €9,614
mainly Net result for the year (+€22,995) and Deferred charges and accrued income (+€4,915)
- Tangible fixed assets +€759
up €759 (+8.9%), from €8,505 to €9,263
of which Plant, machinery and equipment: +€1,475
- Profit (loss) carried forward +€22,995
up €22,995 (+70.6%), from €32,569 to €55,564
- Tax, wage and social debts -€7,240
no longer reported in 2025 (was €7,240)
of which Taxes: -€5,240
- Advances received +€4,705
new in 2025: €4,705
- Current portion of long-term debt -€2,889
down €2,889 (-71.0%), from €4,068 to €1,179
- Short-term financial debts +€2,346
new in 2025: €2,346
- Gross operating margin -€8,794
down €8,794 (-18.6%), from €47,345 to €38,551
- Depreciation +€2,979
up €2,979 (+161.8%), from €1,841 to €4,820
- Taxes -€2,262
down €2,262 (-24.5%), from €9,240 to €6,978
- Other operating charges +€718
up €718 (+53.9%), from €1,333 to €2,051
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 | €50,449 | €70,889 | +€20,440 | +40.5% |
| Fixed assets | 21/28 | €8,505 | €9,263 | +€759 | +8.9% |
| Tangible fixed assets | 22/27 | €8,505 | €9,263 | +€759 | +8.9% |
| Plant, machinery and equipment | 23 | €1,833 | €3,307 | +€1,475 | +80.5% |
| Furniture and vehicles | 24 | €6,672 | €5,956 | -€716 | -10.7% |
| Current assets | 29/58 | €41,944 | €61,626 | +€19,682 | +46.9% |
| Amounts receivable within one year | 40/41 | €29,295 | €51,906 | +€22,611 | +77.2% |
| Trade receivables | 40 | €14,966 | €30,804 | +€15,839 | +105.8% |
| Other amounts receivable | 41 | €14,330 | €21,102 | +€6,772 | +47.3% |
| Cash at bank and in hand | 54/58 | €7,628 | €9,614 | +€1,986 | +26.0% |
| Deferred charges and accrued income | 490/1 | €5,021 | €106 | -€4,915 | -97.9% |
| Total equity and liabilities | 10/49 | €50,449 | €70,889 | +€20,440 | +40.5% |
| Equity | 10/15 | €34,569 | €57,564 | +€22,995 | +66.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,569 | €55,564 | +€22,995 | +70.6% |
| Amounts payable | 17/49 | €15,880 | €13,325 | -€2,555 | -16.1% |
| Amounts payable after more than one year | 17 | €2,100 | €921 | -€1,179 | -56.2% |
| Financial debts | 170/4 | €2,100 | €921 | -€1,179 | -56.2% |
| Amounts payable within one year | 42/48 | €13,780 | €12,405 | -€1,376 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €4,068 | €1,179 | -€2,889 | -71.0% |
| Financial debts | 43 | - | €2,346 | +€2,346 | |
| Credit institutions | 430/8 | - | €2,346 | +€2,346 | |
| Trade debts | 44 | €2,472 | €4,174 | +€1,702 | +68.8% |
| Suppliers | 440/4 | €2,472 | €4,174 | +€1,702 | +68.8% |
| Advances received on contracts in progress | 46 | - | €4,705 | +€4,705 | |
| Taxes, remuneration and social security | 45 | €7,240 | - | -€7,240 | |
| Taxes | 450/3 | €5,240 | - | -€5,240 | |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | €4,820 | +€2,979 | +161.8% |
| Other operating charges | 640/8 | €1,333 | €2,051 | +€718 | +53.9% |
| Gross operating margin | 9900 | €47,345 | €38,551 | -€8,794 | -18.6% |
| Operating profit (loss) | 9901 | €44,171 | €31,680 | -€12,491 | -28.3% |
| Financial income | 75/76B | €415 | €812 | +€397 | +95.8% |
| Recurring financial income | 75 | €415 | €812 | +€397 | +95.8% |
| Financial charges | 65/66B | €2,777 | €2,519 | -€258 | -9.3% |
| Recurring financial charges | 65 | €2,777 | €2,519 | -€258 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €41,809 | €29,973 | -€11,836 | -28.3% |
| Income taxes | 67/77 | €9,240 | €6,978 | -€2,262 | -24.5% |
| Profit (loss) for the period | 9904 | €32,569 | €22,995 | -€9,574 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,569 | €22,995 | -€9,574 | -29.4% |
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 8 October 2026 via checked.be.