TERRE A PSY: 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.
TERRE A PSY
Largest movements
- Receivables within one year +€154,159
new in 2025: €154,159
of which Other amounts receivable: +€151,145
- Cash -€61,451
down €61,451 (-33.2%), from €185,297 to €123,846
mainly Receivables within one year (-€154,159) and Debts after one year (-€9,315)
- Tangible fixed assets -€13,537
down €13,537 (-27.3%), from €49,559 to €36,022
- Reserves +€78,952
up €78,952 (+42.0%), from €187,922 to €266,874
of which Distributable reserves: +€78,952
- Debts after one year -€9,315
down €9,315 (-43.1%), from €21,609 to €12,294
- Tax, wage and social debts +€7,895
up €7,895 (+175.4%), from €4,500 to €12,395
- Gross operating margin -€24,921
down €24,921 (-15.9%), from €156,762 to €131,841
- Financial income +€2,334
up €2,334 (+354.7%), from €658 to €2,992
- Taxes +€1,668
up €1,668 (+4.5%), from €36,782 to €38,450
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 | €236,134 | €315,622 | +€79,488 | +33.7% |
| Fixed assets | 21/28 | €49,559 | €36,022 | -€13,537 | -27.3% |
| Tangible fixed assets | 22/27 | €49,559 | €36,022 | -€13,537 | -27.3% |
| Plant, machinery and equipment | 23 | €22,727 | €17,260 | -€5,467 | -24.1% |
| Furniture and vehicles | 24 | €8,949 | €6,679 | -€2,270 | -25.4% |
| Leasing and similar rights | 25 | €17,883 | €12,083 | -€5,800 | -32.4% |
| Current assets | 29/58 | €186,575 | €279,600 | +€93,025 | +49.9% |
| Amounts receivable within one year | 40/41 | - | €154,159 | +€154,159 | |
| Trade receivables | 40 | - | €3,014 | +€3,014 | |
| Other amounts receivable | 41 | - | €151,145 | +€151,145 | |
| Cash at bank and in hand | 54/58 | €185,297 | €123,846 | -€61,451 | -33.2% |
| Deferred charges and accrued income | 490/1 | €1,278 | €1,595 | +€317 | +24.8% |
| Total equity and liabilities | 10/49 | €236,134 | €315,622 | +€79,488 | +33.7% |
| Equity | 10/15 | €200,322 | €279,274 | +€78,952 | +39.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €187,922 | €266,874 | +€78,952 | +42.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €186,062 | €265,014 | +€78,952 | +42.4% |
| Amounts payable | 17/49 | €35,812 | €36,348 | +€536 | +1.5% |
| Amounts payable after more than one year | 17 | €21,609 | €12,294 | -€9,315 | -43.1% |
| Financial debts | 170/4 | €21,609 | €12,294 | -€9,315 | -43.1% |
| Amounts payable within one year | 42/48 | €14,203 | €24,054 | +€9,851 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €7,605 | €8,357 | +€752 | +9.9% |
| Trade debts | 44 | €956 | €2,356 | +€1,400 | +146.4% |
| Suppliers | 440/4 | €956 | €2,356 | +€1,400 | +146.4% |
| Taxes, remuneration and social security | 45 | €4,500 | €12,395 | +€7,895 | +175.4% |
| Taxes | 450/3 | €4,500 | €12,395 | +€7,895 | +175.4% |
| Other amounts payable | 47/48 | €1,142 | €946 | -€196 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,338 | €13,537 | +€1,199 | +9.7% |
| Other operating charges | 640/8 | €2,994 | €2,065 | -€929 | -31.0% |
| Gross operating margin | 9900 | €156,762 | €131,841 | -€24,921 | -15.9% |
| Operating profit (loss) | 9901 | €141,430 | €116,239 | -€25,191 | -17.8% |
| Financial income | 75/76B | €658 | €2,992 | +€2,334 | +354.7% |
| Recurring financial income | 75 | €658 | €2,992 | +€2,334 | +354.7% |
| Financial charges | 65/66B | €2,514 | €1,828 | -€686 | -27.3% |
| Recurring financial charges | 65 | €2,514 | €1,828 | -€686 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €139,574 | €117,403 | -€22,171 | -15.9% |
| Income taxes | 67/77 | €36,782 | €38,450 | +€1,668 | +4.5% |
| Profit (loss) for the period | 9904 | €102,792 | €78,953 | -€23,839 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,792 | €78,953 | -€23,839 | -23.2% |
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.