TERRE-EAU-VENT: 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-EAU-VENT
Largest movements
- Tangible fixed assets +€87,405
up €87,405 (+6.6%), from €1.3m to €1.4m
of which Land and buildings: +€113,821
- Receivables within one year +€68,436
up €68,436 (+18.4%), from €371,034 to €439,471
of which Other amounts receivable: +€41,973
- Debts after one year +€246,843
up €246,843 (+44.9%), from €549,791 to €796,634
- Profit (loss) carried forward -€54,557
down €54,557 (-23.2%), from -€234,917 to -€289,474
- Other debts -€30,000
down €30,000 (-83.2%), from €36,055 to €6,055
- Financial charges -€245,327
down €245,327, from €42,093 to -€203,234
- Other operating charges +€238,895
up €238,895 (+5956.5%), from €4,011 to €242,905
- Write-downs -€216,167
down €216,167 (-100.0%), from €216,167 to €0
- Purchases and services -€39,300
no longer reported in 2025 (was €39,300)
- Gross operating margin +€27,388
up €27,388, from -€4,900 to €22,488
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 | €1,689,837 | €1,844,294 | +€154,457 | +9.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,314,797 | €1,402,201 | +€87,405 | +6.6% |
| Tangible fixed assets | 22/27 | €1,314,797 | €1,402,201 | +€87,405 | +6.6% |
| Land and buildings | 22 | €1,278,207 | €1,392,028 | +€113,821 | +8.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,953 | €0 | -€1,953 | -100.0% |
| Other tangible fixed assets | 26 | €10,174 | €10,174 | = | 0.0% |
| Assets under construction and advance payments | 27 | €24,463 | €0 | -€24,463 | -100.0% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €375,040 | €442,093 | +€67,053 | +17.9% |
| Amounts receivable within one year | 40/41 | €371,034 | €439,471 | +€68,436 | +18.4% |
| Trade receivables | 40 | €0 | €26,463 | +€26,463 | |
| Other amounts receivable | 41 | €371,034 | €413,007 | +€41,973 | +11.3% |
| Cash at bank and in hand | 54/58 | €1,362 | €630 | -€732 | -53.7% |
| Deferred charges and accrued income | 490/1 | €2,644 | €1,992 | -€652 | -24.6% |
| Total equity and liabilities | 10/49 | €1,689,837 | €1,844,294 | +€154,457 | +9.1% |
| Equity | 10/15 | €1,016,833 | €962,276 | -€54,557 | -5.4% |
| Contributions | 10/11 | €1,251,750 | €1,251,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,917 | -€289,474 | -€54,557 | -23.2% |
| Amounts payable | 17/49 | €673,004 | €882,018 | +€209,014 | +31.1% |
| Amounts payable after more than one year | 17 | €549,791 | €796,634 | +€246,843 | +44.9% |
| Financial debts | 170/4 | €549,791 | €796,634 | +€246,843 | +44.9% |
| Amounts payable within one year | 42/48 | €121,027 | €84,984 | -€36,043 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €37,433 | €38,157 | +€724 | +1.9% |
| Trade debts | 44 | €47,539 | €40,772 | -€6,767 | -14.2% |
| Suppliers | 440/4 | €47,539 | €40,772 | -€6,767 | -14.2% |
| Other amounts payable | 47/48 | €36,055 | €6,055 | -€30,000 | -83.2% |
| Accrued charges and deferred income | 492/3 | €2,186 | €400 | -€1,786 | -81.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,300 | - | -€39,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,858 | €45,654 | -€203 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €216,167 | €0 | -€216,167 | -100.0% |
| Other operating charges | 640/8 | €4,011 | €242,905 | +€238,895 | +5956.5% |
| Gross operating margin | 9900 | -€4,900 | €22,488 | +€27,388 | |
| Operating profit (loss) | 9901 | -€270,935 | -€266,072 | +€4,863 | +1.8% |
| Financial income | 75/76B | - | €8,281 | +€8,281 | |
| Recurring financial income | 75 | - | €8,281 | +€8,281 | |
| Financial charges | 65/66B | €42,093 | -€203,234 | -€245,327 | |
| Recurring financial charges | 65 | €42,093 | -€203,234 | -€245,327 | |
| Profit (loss) for the period before taxes | 9903 | -€313,028 | -€54,557 | +€258,471 | +82.6% |
| Profit (loss) for the period | 9904 | -€313,028 | -€54,557 | +€258,471 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€313,028 | -€54,557 | +€258,471 | +82.6% |
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 2 October 2026 via checked.be.