TERRE BRUNE: 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.
TERRE BRUNE
Largest movements
- Current investments -€2.0m
down €2.0m (-66.4%), from €3.0m to €1.0m
- Cash +€1.3m
up €1.3m (+164%), from €807,776 to €2.1m
mainly Current investments (+€2.0m) and Net result for the year (+€757,687)
- Receivables within one year +€908,435
up €908,435 (+83.5%), from €1.1m to €2.0m
of which Other amounts receivable: +€877,184
- Tangible fixed assets +€81,629
up €81,629 (+32.8%), from €248,823 to €330,453
of which Other tangible fixed assets: +€70,000
- Reserves +€257,500
up €257,500 (+3.3%), from €7.7m to €8.0m
of which Distributable reserves: +€257,500
- Financial income +€12,914
up €12,914 (+1.4%), from €895,906 to €908,820
- Gross operating margin -€3,547
down €3,547 (-9.6%), from -€36,850 to -€40,397
- Depreciation +€1,032
up €1,032 (+46.2%), from €2,235 to €3,267
- Taxes +€931
up €931 (+1.2%), from €78,517 to €79,447
- Other operating charges -€541
down €541 (-35.3%), from €1,532 to €991
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,894,207 | €8,149,715 | +€255,509 | +3.2% |
| Formation expenses | 20 | - | €1,017 | +€1,017 | |
| Fixed assets | 21/28 | €2,131,773 | €2,209,652 | +€77,879 | +3.7% |
| Tangible fixed assets | 22/27 | €248,823 | €330,453 | +€81,629 | +32.8% |
| Furniture and vehicles | 24 | €23 | €11,653 | +€11,629 | +49,570% |
| Other tangible fixed assets | 26 | €248,800 | €318,800 | +€70,000 | +28.1% |
| Financial fixed assets | 28 | €1,882,949 | €1,879,199 | -€3,750 | -0.2% |
| Current assets | 29/58 | €5,762,434 | €5,939,046 | +€176,612 | +3.1% |
| Amounts receivable after more than one year | 29 | €855,716 | €800,000 | -€55,716 | -6.5% |
| Other amounts receivable | 291 | €855,716 | €800,000 | -€55,716 | -6.5% |
| Amounts receivable within one year | 40/41 | €1,088,142 | €1,996,577 | +€908,435 | +83.5% |
| Trade receivables | 40 | €194,400 | €225,651 | +€31,251 | +16.1% |
| Other amounts receivable | 41 | €893,742 | €1,770,926 | +€877,184 | +98.1% |
| Current investments | 50/53 | €3,008,848 | €1,009,837 | -€2.0m | -66.4% |
| Cash at bank and in hand | 54/58 | €807,776 | €2,130,668 | +€1.3m | +164% |
| Deferred charges and accrued income | 490/1 | €1,952 | €1,964 | +€11 | +0.6% |
| Total equity and liabilities | 10/49 | €7,894,207 | €8,149,715 | +€255,509 | +3.2% |
| Equity | 10/15 | €7,784,756 | €8,042,443 | +€257,687 | +3.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €7,734,000 | €7,991,500 | +€257,500 | +3.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €7,729,000 | €7,986,500 | +€257,500 | +3.3% |
| Profit (loss) carried forward | 14 | €756 | €943 | +€187 | +24.8% |
| Amounts payable | 17/49 | €109,451 | €107,272 | -€2,179 | -2.0% |
| Amounts payable within one year | 42/48 | €106,411 | €104,523 | -€1,888 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €29,430 | - | -€29,430 | |
| Trade debts | 44 | €25,947 | €5,167 | -€20,780 | -80.1% |
| Suppliers | 440/4 | €25,947 | €5,167 | -€20,780 | -80.1% |
| Taxes, remuneration and social security | 45 | €43,821 | €93,034 | +€49,213 | +112% |
| Taxes | 450/3 | €38,971 | €88,184 | +€49,213 | +126% |
| Remuneration and social security | 454/9 | €4,850 | €4,850 | = | 0.0% |
| Other amounts payable | 47/48 | €7,213 | €6,323 | -€890 | -12.3% |
| Accrued charges and deferred income | 492/3 | €3,040 | €2,749 | -€291 | -9.6% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €3,267 | +€1,032 | +46.2% |
| Other operating charges | 640/8 | €1,532 | €991 | -€541 | -35.3% |
| Non-recurring operating charges | 66A | - | €26,807 | +€26,807 | |
| Gross operating margin | 9900 | -€36,850 | -€40,397 | -€3,547 | -9.6% |
| Operating profit (loss) | 9901 | -€40,617 | -€71,462 | -€30,845 | -75.9% |
| Financial income | 75/76B | €895,906 | €908,820 | +€12,914 | +1.4% |
| Recurring financial income | 75 | €895,906 | €908,820 | +€12,914 | +1.4% |
| Financial charges | 65/66B | €560 | €223 | -€337 | -60.1% |
| Recurring financial charges | 65 | €560 | €223 | -€337 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €854,729 | €837,135 | -€17,594 | -2.1% |
| Income taxes | 67/77 | €78,517 | €79,447 | +€931 | +1.2% |
| Profit (loss) for the period | 9904 | €776,212 | €757,687 | -€18,525 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €776,212 | €757,687 | -€18,525 | -2.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.