Terre du Sud: what changed
Terre du Sud
Largest movements
- Receivables within one year +€15,081
up €15,081 (+55.1%), from €27,387 to €42,467
of which Trade receivables: +€18,900
- Tangible fixed assets -€12,901
down €12,901 (-7.0%), from €183,614 to €170,713
of which Land and buildings: -€14,112
- Cash +€4,311
up €4,311 (+63.6%), from €6,776 to €11,086
- Trade debts +€49,620
up €49,620 (+1,450%), from €3,423 to €53,044
- Profit (loss) carried forward -€48,475
down €48,475, from €21,905 to -€26,570
- Debts after one year -€16,542
down €16,542 (-11.2%), from €147,190 to €130,648
- Other debts +€15,628
up €15,628 (+63.0%), from €24,821 to €40,449
- Tax, wage and social debts +€5,619
up €5,619 (+122%), from €4,589 to €10,208
of which Taxes: +€4,019
- Gross operating margin -€25,907
down €25,907, from €4,954 to -€20,953
- Financial charges +€6,332
up €6,332 (+212%), from €2,981 to €9,313
of which Financial charges: +€6,350
- Depreciation +€4,799
up €4,799 (+106%), from €4,540 to €9,340
- Other operating charges +€3,605
up €3,605 (+309%), from €1,168 to €4,773
- Taxes -€2,374
no longer reported in 2024 (was €2,374)
Change in the result, 2022 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,548 | €224,266 | +€4,718 | +2.1% |
| Fixed assets | 21/28 | €183,614 | €170,713 | -€12,901 | -7.0% |
| Tangible fixed assets | 22/27 | €183,614 | €170,713 | -€12,901 | -7.0% |
| Land and buildings | 22 | €174,046 | €159,934 | -€14,112 | -8.1% |
| Plant, machinery and equipment | 23 | €8,484 | €8,768 | +€284 | +3.3% |
| Furniture and vehicles | 24 | €1,084 | €2,011 | +€927 | +85.5% |
| Current assets | 29/58 | €35,934 | €53,554 | +€17,619 | +49.0% |
| Stocks and contracts in progress | 3 | €1,460 | - | -€1,460 | |
| Stocks | 30/36 | €1,460 | - | -€1,460 | |
| Amounts receivable within one year | 40/41 | €27,387 | €42,467 | +€15,081 | +55.1% |
| Trade receivables | 40 | €22,717 | €41,618 | +€18,900 | +83.2% |
| Other amounts receivable | 41 | €4,669 | €849 | -€3,820 | -81.8% |
| Cash at bank and in hand | 54/58 | €6,776 | €11,086 | +€4,311 | +63.6% |
| Deferred charges and accrued income | 490/1 | €312 | - | -€312 | |
| Total equity and liabilities | 10/49 | €219,548 | €224,266 | +€4,718 | +2.1% |
| Equity | 10/15 | €29,965 | -€18,510 | -€48,475 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,905 | -€26,570 | -€48,475 | |
| Amounts payable | 17/49 | €189,583 | €242,777 | +€53,193 | +28.1% |
| Amounts payable after more than one year | 17 | €147,190 | €130,648 | -€16,542 | -11.2% |
| Financial debts | 170/4 | €147,190 | €130,648 | -€16,542 | -11.2% |
| Amounts payable within one year | 42/48 | €40,644 | €112,129 | +€71,485 | +176% |
| Current portion of amounts payable after more than one year | 42 | €7,810 | €8,428 | +€618 | +7.9% |
| Trade debts | 44 | €3,423 | €53,044 | +€49,620 | +1,450% |
| Suppliers | 440/4 | €3,423 | €53,044 | +€49,620 | +1,450% |
| Taxes, remuneration and social security | 45 | €4,589 | €10,208 | +€5,619 | +122% |
| Taxes | 450/3 | €4,589 | €8,608 | +€4,019 | +87.6% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €24,821 | €40,449 | +€15,628 | +63.0% |
| Accrued charges and deferred income | 492/3 | €1,750 | - | -€1,750 | |
| Non-recurring operating income | 76A | €2,488 | - | -€2,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,540 | €9,340 | +€4,799 | +106% |
| Other operating charges | 640/8 | €1,168 | €4,773 | +€3,605 | +309% |
| Non-recurring operating charges | 66A | - | €11,920 | +€11,920 | |
| Gross operating margin | 9900 | €4,954 | -€20,953 | -€25,907 | |
| Operating profit (loss) | 9901 | -€754 | -€46,985 | -€46,232 | -6,136% |
| Financial income | 75/76B | €339 | €45 | -€294 | -86.7% |
| Recurring financial income | 75 | €47 | €45 | -€2 | -4.1% |
| Non-recurring financial income | 76B | €292 | - | -€292 | |
| Financial charges | 65/66B | €2,981 | €9,313 | +€6,332 | +212% |
| Recurring financial charges | 65 | €2,963 | €9,313 | +€6,350 | +214% |
| Non-recurring financial charges | 66B | €18 | - | -€18 | |
| Profit (loss) for the period before taxes | 9903 | -€3,395 | -€56,253 | -€52,858 | -1,557% |
| Income taxes | 67/77 | €2,374 | - | -€2,374 | |
| Profit (loss) for the period | 9904 | -€5,769 | -€56,253 | -€50,484 | -875% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,769 | -€56,253 | -€50,484 | -875% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.