Terravolt: what changed
What changed
Terravolt
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€12,318
2024 · €1,797+€10,521
Equity
€278,270
2024 · €265,953+€12,318
Cash
€104,478
2024 · €42,434+€62,044
Balance sheet total
€885,702
2024 · €863,002+€22,700
Largest movements
Assets
- Receivables within one year -€98,732
down €98,732 (-32.8%), from €300,559 to €201,827
of which Trade receivables: -€113,331
- Cash +€62,044
up €62,044 (+146%), from €42,434 to €104,478
mainly Receivables within one year (+€98,732) and Advances received (+€59,227)
- Stocks and contracts +€59,824
up €59,824 (+16.6%), from €360,834 to €420,658
- Deferred charges and accrued income +€23,523
up €23,523 (+88.9%), from €26,451 to €49,974
- Tangible fixed assets -€21,726
down €21,726 (-19.3%), from €112,631 to €90,905
Equity and liabilities
- Advances received +€59,227
up €59,227 (+26.4%), from €224,544 to €283,770
- Trade debts -€41,256
down €41,256 (-16.5%), from €250,288 to €209,031
- Profit (loss) carried forward +€12,318
up €12,318 (+685%), from €1,797 to €14,115
Income statement
- Staff costs -€33,565
down €33,565 (-16.1%), from €208,345 to €174,780
- Gross operating margin -€20,024
down €20,024 (-7.9%), from €254,987 to €234,963
- Financial charges -€6,147
down €6,147 (-47.3%), from €12,984 to €6,837
- Depreciation +€4,018
up €4,018 (+12.6%), from €31,942 to €35,960
- Financial income -€2,980
down €2,980 (-62.6%), from €4,759 to €1,780
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.
Result 2024
€1,797
Gross operating margin
-€20,024
Staff costs
+€33,565
Depreciation
-€4,018
Other operating charges
+€18
Financial income
-€2,980
Financial charges
+€6,147
Taxes
-€2,188
Result 2025
€12,318
raises the resultlowers the result
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.
From operations
+€79,075
Investment
-€12,001
Financing
-€5,030
Cash 2024
€42,434
From operations (derived)
+€79,075
Net result for the year
+€12,318
Depreciation
+€35,960
Stocks and contracts
-€59,824
Receivables within one year
+€98,732
Deferred charges and accrued income
-€23,523
Trade debts
-€41,256
Tax, wage and social debts
+€617
Advances received
+€59,227
Other debts
+€5,194
Accrued charges and deferred income
-€8,369
Investment (derived)
-€12,001
Investment in fixed assets (net)
-€12,001
Financing
-€5,030
Debts after one year
-€5,484
Current portion of long-term debt
+€454
Cash 2025
€104,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,002 | €885,702 | +€22,700 | +2.6% |
| Fixed assets | 21/28 | €132,724 | €108,765 | -€23,959 | -18.1% |
| Intangible fixed assets | 21 | €20,094 | €17,860 | -€2,233 | -11.1% |
| Tangible fixed assets | 22/27 | €112,631 | €90,905 | -€21,726 | -19.3% |
| Plant, machinery and equipment | 23 | €45,607 | €35,177 | -€10,430 | -22.9% |
| Furniture and vehicles | 24 | €40,192 | €33,006 | -€7,186 | -17.9% |
| Other tangible fixed assets | 26 | €26,832 | €22,721 | -€4,110 | -15.3% |
| Current assets | 29/58 | €730,277 | €776,937 | +€46,659 | +6.4% |
| Stocks and contracts in progress | 3 | €360,834 | €420,658 | +€59,824 | +16.6% |
| Stocks | 30/36 | €360,834 | €420,658 | +€59,824 | +16.6% |
| Amounts receivable within one year | 40/41 | €300,559 | €201,827 | -€98,732 | -32.8% |
| Trade receivables | 40 | €276,238 | €162,907 | -€113,331 | -41.0% |
| Other amounts receivable | 41 | €24,320 | €38,920 | +€14,600 | +60.0% |
| Cash at bank and in hand | 54/58 | €42,434 | €104,478 | +€62,044 | +146% |
| Deferred charges and accrued income | 490/1 | €26,451 | €49,974 | +€23,523 | +88.9% |
| Total equity and liabilities | 10/49 | €863,002 | €885,702 | +€22,700 | +2.6% |
| Equity | 10/15 | €265,953 | €278,270 | +€12,318 | +4.6% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €181,156 | €181,156 | = | 0.0% |
| Distributable reserves | 133 | €181,156 | €181,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,797 | €14,115 | +€12,318 | +685% |
| Amounts payable | 17/49 | €597,049 | €607,431 | +€10,382 | +1.7% |
| Amounts payable after more than one year | 17 | €62,071 | €56,587 | -€5,484 | -8.8% |
| Financial debts | 170/4 | €62,071 | €56,587 | -€5,484 | -8.8% |
| Amounts payable within one year | 42/48 | €517,335 | €541,570 | +€24,235 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €15,030 | €15,484 | +€454 | +3.0% |
| Trade debts | 44 | €250,288 | €209,031 | -€41,256 | -16.5% |
| Suppliers | 440/4 | €250,288 | €209,031 | -€41,256 | -16.5% |
| Advances received on contracts in progress | 46 | €224,544 | €283,770 | +€59,227 | +26.4% |
| Taxes, remuneration and social security | 45 | €22,313 | €22,930 | +€617 | +2.8% |
| Taxes | 450/3 | €4,776 | €1,717 | -€3,059 | -64.1% |
| Remuneration and social security | 454/9 | €17,537 | €21,213 | +€3,676 | +21.0% |
| Other amounts payable | 47/48 | €5,161 | €10,355 | +€5,194 | +101% |
| Accrued charges and deferred income | 492/3 | €17,643 | €9,274 | -€8,369 | -47.4% |
| Remuneration, social security and pensions | 62 | €208,345 | €174,780 | -€33,565 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,942 | €35,960 | +€4,018 | +12.6% |
| Other operating charges | 640/8 | €1,586 | €1,568 | -€18 | -1.1% |
| Gross operating margin | 9900 | €254,987 | €234,963 | -€20,024 | -7.9% |
| Operating profit (loss) | 9901 | €13,114 | €22,655 | +€9,541 | +72.8% |
| Financial income | 75/76B | €4,759 | €1,780 | -€2,980 | -62.6% |
| Recurring financial income | 75 | €4,759 | €1,780 | -€2,980 | -62.6% |
| Financial charges | 65/66B | €12,984 | €6,837 | -€6,147 | -47.3% |
| Recurring financial charges | 65 | €12,984 | €6,837 | -€6,147 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €4,890 | €17,598 | +€12,708 | +260% |
| Income taxes | 67/77 | €3,093 | €5,281 | +€2,188 | +70.7% |
| Profit (loss) for the period | 9904 | €1,797 | €12,318 | +€10,521 | +585% |
| Profit (loss) for the period to be appropriated | 9905 | €1,797 | €12,318 | +€10,521 | +585% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.