TERRAVIS: 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.
TERRAVIS
Largest movements
- Tangible fixed assets +€37,625
up €37,625 (+91.4%), from €41,153 to €78,778
of which Furniture and vehicles: +€37,326
- Receivables within one year -€7,314
down €7,314 (-91.2%), from €8,023 to €709
- Debts after one year +€40,000
new in 2025: €40,000
- Trade debts -€8,214
down €8,214 (-97.2%), from €8,455 to €241
- Other debts -€4,302
down €4,302 (-13.0%), from €33,012 to €28,710
- Tax, wage and social debts +€2,670
up €2,670 (+135.6%), from €1,969 to €4,640
- Gross operating margin +€11,427
up €11,427 (+130.1%), from €8,781 to €20,209
- Depreciation +€10,418
up €10,418 (+149.8%), from €6,953 to €17,371
- Financial charges +€1,512
up €1,512 (+634.4%), from €238 to €1,750
- Taxes +€276
up €276 (+26793.2%), from €1 to €277
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 | €57,782 | €88,016 | +€30,234 | +52.3% |
| Fixed assets | 21/28 | €41,238 | €78,823 | +€37,585 | +91.1% |
| Tangible fixed assets | 22/27 | €41,153 | €78,778 | +€37,625 | +91.4% |
| Land and buildings | 22 | €5,436 | €5,018 | -€418 | -7.7% |
| Plant, machinery and equipment | 23 | €2,556 | €1,990 | -€566 | -22.2% |
| Furniture and vehicles | 24 | €33,160 | €70,487 | +€37,326 | +112.6% |
| Other tangible fixed assets | 26 | - | €1,283 | +€1,283 | |
| Financial fixed assets | 28 | €85 | €45 | -€40 | -47.1% |
| Current assets | 29/58 | €16,544 | €9,193 | -€7,351 | -44.4% |
| Stocks and contracts in progress | 3 | €1,706 | €1,611 | -€96 | -5.6% |
| Stocks | 30/36 | €1,706 | €1,611 | -€96 | -5.6% |
| Amounts receivable within one year | 40/41 | €8,023 | €709 | -€7,314 | -91.2% |
| Trade receivables | 40 | €8,023 | €709 | -€7,314 | -91.2% |
| Cash at bank and in hand | 54/58 | €6,814 | €6,873 | +€59 | +0.9% |
| Total equity and liabilities | 10/49 | €57,782 | €88,016 | +€30,234 | +52.3% |
| Equity | 10/15 | €14,346 | €14,426 | +€80 | +0.6% |
| Contributions | 10/11 | €9,380 | €9,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,966 | €5,046 | +€80 | +1.6% |
| Amounts payable | 17/49 | €43,436 | €73,590 | +€30,154 | +69.4% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Financial debts | 170/4 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €43,436 | €33,590 | -€9,846 | -22.7% |
| Trade debts | 44 | €8,455 | €241 | -€8,214 | -97.2% |
| Suppliers | 440/4 | €8,455 | €241 | -€8,214 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,969 | €4,640 | +€2,670 | +135.6% |
| Taxes | 450/3 | €1,969 | €4,640 | +€2,670 | +135.6% |
| Other amounts payable | 47/48 | €33,012 | €28,710 | -€4,302 | -13.0% |
| Non-recurring operating income | 76A | €636 | - | -€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,953 | €17,371 | +€10,418 | +149.8% |
| Other operating charges | 640/8 | €536 | €732 | +€196 | +36.5% |
| Non-recurring operating charges | 66A | €159 | - | -€159 | |
| Gross operating margin | 9900 | €8,781 | €20,209 | +€11,427 | +130.1% |
| Operating profit (loss) | 9901 | €1,133 | €2,105 | +€972 | +85.8% |
| Financial income | 75/76B | €5 | €2 | -€2 | -53.5% |
| Recurring financial income | 75 | €5 | €2 | -€2 | -53.5% |
| Financial charges | 65/66B | €238 | €1,750 | +€1,512 | +634.4% |
| Recurring financial charges | 65 | €238 | €1,750 | +€1,512 | +634.4% |
| Profit (loss) for the period before taxes | 9903 | €899 | €357 | -€542 | -60.2% |
| Income taxes | 67/77 | €1 | €277 | +€276 | +26793.2% |
| Profit (loss) for the period | 9904 | €898 | €80 | -€818 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €898 | €80 | -€818 | -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 30 September 2026 via checked.be.