TERRE D’HERBAGE: 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 D’HERBAGE
Largest movements
- Cash -€6,034
down €6,034 (-28.6%), from €21,062 to €15,028
mainly Net result for the year (-€24,687) and Receivables within one year (-€2,253)
- Receivables within one year +€2,253
up €2,253 (+3.2%), from €70,162 to €72,415
of which Trade receivables: +€2,249
- Tangible fixed assets -€1,240
down €1,240 (-34.8%), from €3,565 to €2,325
- Profit (loss) carried forward -€24,687
down €24,687 (-54.8%), from -€45,018 to -€69,706
- Trade debts +€19,717
up €19,717 (+134%), from €14,746 to €34,463
- Tax, wage and social debts +€1,913
up €1,913 (+9.4%), from €20,255 to €22,167
of which Taxes: +€1,525
- Turnover -€66,658
down €66,658 (-23.7%), from €281,455 to €214,797
- Gross operating margin -€39,839
down €39,839 (-34.2%), from €116,420 to €76,581
- Purchases and services -€24,174
down €24,174 (-14.5%), from €166,171 to €141,997
- Staff costs +€4,853
up €4,853 (+5.1%), from €94,259 to €99,112
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 | €115,715 | €111,577 | -€4,138 | -3.6% |
| Formation expenses | 20 | €132 | - | -€132 | |
| Fixed assets | 21/28 | €21,186 | €19,946 | -€1,240 | -5.9% |
| Tangible fixed assets | 22/27 | €3,565 | €2,325 | -€1,240 | -34.8% |
| Plant, machinery and equipment | 23 | €3,565 | €2,325 | -€1,240 | -34.8% |
| Financial fixed assets | 28 | €17,621 | €17,621 | = | 0.0% |
| Current assets | 29/58 | €94,397 | €91,631 | -€2,765 | -2.9% |
| Amounts receivable within one year | 40/41 | €70,162 | €72,415 | +€2,253 | +3.2% |
| Trade receivables | 40 | €70,162 | €72,411 | +€2,249 | +3.2% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €21,062 | €15,028 | -€6,034 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,173 | €4,189 | +€1,016 | +32.0% |
| Total equity and liabilities | 10/49 | €115,715 | €111,577 | -€4,138 | -3.6% |
| Equity | 10/15 | €80,714 | €54,947 | -€25,767 | -31.9% |
| Contributions | 10/11 | €122,627 | €122,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,018 | -€69,706 | -€24,687 | -54.8% |
| Investment grants | 15 | €3,105 | €2,025 | -€1,080 | -34.8% |
| Amounts payable | 17/49 | €35,001 | €56,630 | +€21,630 | +61.8% |
| Amounts payable within one year | 42/48 | €35,001 | €56,630 | +€21,630 | +61.8% |
| Trade debts | 44 | €14,746 | €34,463 | +€19,717 | +134% |
| Suppliers | 440/4 | €14,746 | €34,463 | +€19,717 | +134% |
| Taxes, remuneration and social security | 45 | €20,255 | €22,167 | +€1,913 | +9.4% |
| Taxes | 450/3 | €5,852 | €7,377 | +€1,525 | +26.1% |
| Remuneration and social security | 454/9 | €14,403 | €14,790 | +€387 | +2.7% |
| Turnover | 70 | €281,455 | €214,797 | -€66,658 | -23.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €166,171 | €141,997 | -€24,174 | -14.5% |
| Remuneration, social security and pensions | 62 | €94,259 | €99,112 | +€4,853 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €1,372 | -€79 | -5.5% |
| Other operating charges | 640/8 | €743 | €807 | +€64 | +8.7% |
| Gross operating margin | 9900 | €116,420 | €76,581 | -€39,839 | -34.2% |
| Operating profit (loss) | 9901 | €19,967 | -€24,710 | -€44,677 | |
| Financial income | 75/76B | €1,083 | €77 | -€1,006 | -92.9% |
| Recurring financial income | 75 | €1,083 | €77 | -€1,006 | -92.9% |
| Financial charges | 65/66B | €62 | €54 | -€8 | -12.4% |
| Recurring financial charges | 65 | €62 | €54 | -€8 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €20,988 | -€24,687 | -€45,675 | |
| Profit (loss) for the period | 9904 | €20,988 | -€24,687 | -€45,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,988 | -€24,687 | -€45,675 |
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 15 October 2026 via checked.be.