TERRE A TERRE: what changed
Two financial 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.
What changed
TERRE A TERRE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€183,617
2024 · €127,766+€55,851
Equity
€3.8m
2024 · €5.0m-€1.2m
Cash
€321,522
2024 · €238,646+€82,876
Balance sheet total
€13.3m
2024 · €13.5m-€189,163
Largest movements
Assets
- Tangible fixed assets -€337,813
down €337,813 (-3.1%), from €10.8m to €10.4m
Equity and liabilities
- Other debts +€1.6m
new in 2025: €1.6m
- Profit (loss) carried forward -€1.0m
down €1.0m (-98.2%), from €1.1m to €19,238
- Debts after one year -€420,000
down €420,000 (-6.6%), from €6.3m to €5.9m
- Reserves -€167,744
down €167,744 (-4.3%), from €3.9m to €3.7m
of which Tax-exempt reserves: -€167,744
Income statement
- Turnover +€25,533
up €25,533 (+3.1%), from €828,408 to €853,941
- Services and other goods -€24,094
down €24,094 (-16.6%), from €145,123 to €121,029
- Financial charges -€19,553
down €19,553 (-9.7%), from €200,842 to €181,289
- Taxes +€13,213
up €13,213 (+12.7%), from €103,907 to €117,120
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.
Result 2024
€127,766
Turnover
+€25,533
Services and other goods
+€24,094
Other operating charges
-€30
Financial income
-€86
Financial charges
+€19,553
Taxes
-€13,213
Result 2025
€183,617
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.9m
Investment
€0
Financing
-€1.8m
Cash 2024
€238,646
From operations (derived)
+€1.9m
Net result for the year
+€183,617
Depreciation
+€337,813
Receivables within one year
-€34,230
Deferred charges and accrued income
-€31,544
Provisions
-€55,975
Trade debts
-€14,300
Tax, wage and social debts
-€131,158
Other debts
+€1.6m
Accrued charges and deferred income
+€374
Financing
-€1.8m
Debts after one year
-€420,000
Contributions, distributions and other
-€1.4m
Cash 2025
€321,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,497,621 | €13,308,458 | -€189,163 | -1.4% |
| Fixed assets | 21/28 | €10,759,522 | €10,421,709 | -€337,813 | -3.1% |
| Tangible fixed assets | 22/27 | €10,759,522 | €10,421,709 | -€337,813 | -3.1% |
| Land and buildings | 22 | €10,759,522 | €10,421,709 | -€337,813 | -3.1% |
| Current assets | 29/58 | €2,738,099 | €2,886,749 | +€148,650 | +5.4% |
| Amounts receivable within one year | 40/41 | €2,316,348 | €2,350,578 | +€34,230 | +1.5% |
| Trade receivables | 40 | €70,417 | €72,700 | +€2,283 | +3.2% |
| Other amounts receivable | 41 | €2,245,931 | €2,277,878 | +€31,947 | +1.4% |
| Cash at bank and in hand | 54/58 | €238,646 | €321,522 | +€82,876 | +34.7% |
| Deferred charges and accrued income | 490/1 | €183,105 | €214,649 | +€31,544 | +17.2% |
| Total equity and liabilities | 10/49 | €13,497,621 | €13,308,458 | -€189,163 | -1.4% |
| Equity | 10/15 | €4,994,163 | €3,777,780 | -€1.2m | -24.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €3,864,313 | €3,696,569 | -€167,744 | -4.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,858,113 | €3,690,369 | -€167,744 | -4.3% |
| Profit (loss) carried forward | 14 | €1,067,877 | €19,238 | -€1.0m | -98.2% |
| Provisions and deferred taxes | 16 | €1,285,978 | €1,230,003 | -€55,975 | -4.4% |
| Deferred taxes | 168 | €1,285,978 | €1,230,003 | -€55,975 | -4.4% |
| Amounts payable | 17/49 | €7,217,480 | €8,300,675 | +€1.1m | +15.0% |
| Amounts payable after more than one year | 17 | €6,340,000 | €5,920,000 | -€420,000 | -6.6% |
| Financial debts | 170/4 | €6,340,000 | €5,920,000 | -€420,000 | -6.6% |
| Credit institutions | 173 | €6,340,000 | €5,920,000 | -€420,000 | -6.6% |
| Amounts payable within one year | 42/48 | €797,738 | €2,300,559 | +€1.5m | +188% |
| Current portion of amounts payable after more than one year | 42 | €420,000 | €420,000 | = | 0.0% |
| Trade debts | 44 | €127,970 | €113,670 | -€14,300 | -11.2% |
| Suppliers | 440/4 | €127,970 | €113,670 | -€14,300 | -11.2% |
| Taxes, remuneration and social security | 45 | €249,768 | €118,610 | -€131,158 | -52.5% |
| Taxes | 450/3 | €249,768 | €118,610 | -€131,158 | -52.5% |
| Other amounts payable | 47/48 | - | €1,648,279 | +€1.6m | |
| Accrued charges and deferred income | 492/3 | €79,742 | €80,116 | +€374 | +0.5% |
| Operating income | 70/76A | €828,408 | €853,941 | +€25,533 | +3.1% |
| Turnover | 70 | €828,408 | €853,941 | +€25,533 | +3.1% |
| Operating charges | 60/66A | €483,904 | €459,840 | -€24,064 | -5.0% |
| Services and other goods | 61 | €145,123 | €121,029 | -€24,094 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,813 | €337,813 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Operating profit (loss) | 9901 | €344,504 | €394,101 | +€49,597 | +14.4% |
| Financial income | 75/76B | €32,036 | €31,950 | -€86 | -0.3% |
| Recurring financial income | 75 | €32,036 | €31,950 | -€86 | -0.3% |
| Income from current assets | 751 | €32,036 | €31,950 | -€86 | -0.3% |
| Financial charges | 65/66B | €200,842 | €181,289 | -€19,553 | -9.7% |
| Recurring financial charges | 65 | €200,842 | €181,289 | -€19,553 | -9.7% |
| Debt charges | 650 | €199,954 | €180,506 | -€19,448 | -9.7% |
| Other financial charges | 652/9 | €888 | €783 | -€105 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €175,698 | €244,762 | +€69,064 | +39.3% |
| Transfer from deferred taxes | 780 | €55,975 | €55,975 | = | 0.0% |
| Income taxes | 67/77 | €103,907 | €117,120 | +€13,213 | +12.7% |
| Taxes | 670/3 | €103,907 | €117,120 | +€13,213 | +12.7% |
| Profit (loss) for the period | 9904 | €127,766 | €183,617 | +€55,851 | +43.7% |
| Transfer from tax-exempt reserves | 789 | €167,744 | €167,744 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €295,510 | €351,361 | +€55,851 | +18.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.