TERRAVENIR: what changed
TERRAVENIR
Largest movements
- Receivables within one year +€11,409
up €11,409 (+1,860%), from €613 to €12,022
of which Trade receivables: +€10,381
- Cash -€974
down €974 (-56.1%), from €1,736 to €762
mainly Receivables within one year (-€11,409)
- Tangible fixed assets -€607
down €607 (-21.9%), from €2,766 to €2,159
of which Furniture and vehicles: -€1,131
- Trade debts +€3,506
up €3,506 (+170%), from €2,068 to €5,574
- Other debts +€3,488
up €3,488 (+133%), from €2,623 to €6,111
- Profit (loss) carried forward +€2,339
up €2,339 (+47.3%), from -€4,947 to -€2,608
- Tax, wage and social debts +€404
up €404 (+11.4%), from €3,547 to €3,951
of which Remuneration and social security: +€1,428
- Gross operating margin +€14,013
up €14,013, from -€9,010 to €5,003
- Staff costs +€1,044
up €1,044 (+215%), from €484 to €1,528
- Other operating charges -€890
down €890 (-68.4%), from €1,303 to €412
- Taxes -€221
no longer reported in 2025 (was €221)
- Financial charges -€172
down €172 (-74.6%), from €231 to €58
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,291 | €15,028 | +€9,736 | +184% |
| Fixed assets | 21/28 | €2,850 | €2,243 | -€607 | -21.3% |
| Tangible fixed assets | 22/27 | €2,766 | €2,159 | -€607 | -21.9% |
| Plant, machinery and equipment | 23 | €938 | €1,462 | +€525 | +56.0% |
| Furniture and vehicles | 24 | €1,828 | €697 | -€1,131 | -61.9% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €2,442 | €12,784 | +€10,343 | +424% |
| Amounts receivable within one year | 40/41 | €613 | €12,022 | +€11,409 | +1,860% |
| Trade receivables | 40 | €612 | €10,993 | +€10,381 | +1,697% |
| Other amounts receivable | 41 | €2 | €1,030 | +€1,028 | +59,418% |
| Cash at bank and in hand | 54/58 | €1,736 | €762 | -€974 | -56.1% |
| Deferred charges and accrued income | 490/1 | €92 | - | -€92 | |
| Total equity and liabilities | 10/49 | €5,291 | €15,028 | +€9,736 | +184% |
| Equity | 10/15 | -€2,947 | -€608 | +€2,339 | +79.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,947 | -€2,608 | +€2,339 | +47.3% |
| Amounts payable | 17/49 | €8,238 | €15,635 | +€7,397 | +89.8% |
| Amounts payable within one year | 42/48 | €8,238 | €15,635 | +€7,397 | +89.8% |
| Trade debts | 44 | €2,068 | €5,574 | +€3,506 | +170% |
| Suppliers | 440/4 | €2,068 | €5,574 | +€3,506 | +170% |
| Taxes, remuneration and social security | 45 | €3,547 | €3,951 | +€404 | +11.4% |
| Taxes | 450/3 | €3,547 | €2,523 | -€1,024 | -28.9% |
| Remuneration and social security | 454/9 | - | €1,428 | +€1,428 | |
| Other amounts payable | 47/48 | €2,623 | €6,111 | +€3,488 | +133% |
| Remuneration, social security and pensions | 62 | €484 | €1,528 | +€1,044 | +215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606 | €444 | -€162 | -26.7% |
| Other operating charges | 640/8 | €1,303 | €412 | -€890 | -68.4% |
| Non-recurring operating charges | 66A | - | €223 | +€223 | |
| Gross operating margin | 9900 | -€9,010 | €5,003 | +€14,013 | |
| Operating profit (loss) | 9901 | -€11,402 | €2,396 | +€13,798 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €231 | €58 | -€172 | -74.6% |
| Recurring financial charges | 65 | €231 | €58 | -€172 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,633 | €2,339 | +€13,971 | |
| Income taxes | 67/77 | €221 | - | -€221 | |
| Profit (loss) for the period | 9904 | -€11,854 | €2,339 | +€14,193 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,854 | €2,339 | +€14,193 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.