TERRE ET EAU: 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 ET EAU
Largest movements
- Tangible fixed assets -€3,383
down €3,383 (-13.7%), from €24,665 to €21,282
of which Furniture and vehicles: -€6,998
- Receivables within one year +€2,757
up €2,757 (+26.6%), from €10,378 to €13,135
- Stocks and contracts -€1,703
down €1,703 (-41.0%), from €4,151 to €2,449
- Deferred charges and accrued income -€1,096
no longer reported in 2024 (was €1,096)
- Profit (loss) carried forward +€8,859
up €8,859 (+705%), from €1,256 to €10,115
- Debts after one year -€5,152
down €5,152 (-67.5%), from €7,634 to €2,482
- Trade debts -€3,836
down €3,836 (-69.0%), from €5,563 to €1,727
- Tax, wage and social debts -€3,019
down €3,019 (-25.9%), from €11,649 to €8,629
of which Remuneration and social security: -€3,212
- Accrued charges and deferred income -€1,892
no longer reported in 2024 (was €1,892)
- Gross operating margin +€16,859
up €16,859 (+144%), from €11,728 to €28,587
- Staff costs +€3,257
up €3,257 (+153%), from €2,131 to €5,387
- Taxes +€2,792
up €2,792 (+442%), from €632 to €3,424
- Write-downs +€575
new in 2024: €575
- Other operating charges +€560
up €560 (+90.8%), from €616 to €1,176
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,605 | €47,822 | -€3,783 | -7.3% |
| Fixed assets | 21/28 | €24,742 | €21,359 | -€3,383 | -13.7% |
| Tangible fixed assets | 22/27 | €24,665 | €21,282 | -€3,383 | -13.7% |
| Plant, machinery and equipment | 23 | €2,339 | €6,335 | +€3,997 | +171% |
| Furniture and vehicles | 24 | €19,111 | €12,113 | -€6,998 | -36.6% |
| Other tangible fixed assets | 26 | €3,216 | €2,834 | -€381 | -11.9% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €26,862 | €26,463 | -€400 | -1.5% |
| Stocks and contracts in progress | 3 | €4,151 | €2,449 | -€1,703 | -41.0% |
| Stocks | 30/36 | €4,151 | €2,449 | -€1,703 | -41.0% |
| Amounts receivable within one year | 40/41 | €10,378 | €13,135 | +€2,757 | +26.6% |
| Trade receivables | 40 | €10,378 | €13,135 | +€2,757 | +26.6% |
| Cash at bank and in hand | 54/58 | €11,237 | €10,879 | -€358 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,096 | - | -€1,096 | |
| Total equity and liabilities | 10/49 | €51,605 | €47,822 | -€3,783 | -7.3% |
| Equity | 10/15 | €19,856 | €28,715 | +€8,859 | +44.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,256 | €10,115 | +€8,859 | +705% |
| Amounts payable | 17/49 | €31,749 | €19,107 | -€12,642 | -39.8% |
| Amounts payable after more than one year | 17 | €7,634 | €2,482 | -€5,152 | -67.5% |
| Financial debts | 170/4 | €7,634 | €2,482 | -€5,152 | -67.5% |
| Amounts payable within one year | 42/48 | €22,223 | €16,625 | -€5,598 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €5,012 | €5,012 | = | 0.0% |
| Trade debts | 44 | €5,563 | €1,727 | -€3,836 | -69.0% |
| Suppliers | 440/4 | €5,563 | €1,727 | -€3,836 | -69.0% |
| Taxes, remuneration and social security | 45 | €11,649 | €8,629 | -€3,019 | -25.9% |
| Taxes | 450/3 | €6,149 | €6,342 | +€193 | +3.1% |
| Remuneration and social security | 454/9 | €5,499 | €2,287 | -€3,212 | -58.4% |
| Other amounts payable | 47/48 | - | €1,258 | +€1,258 | |
| Accrued charges and deferred income | 492/3 | €1,892 | - | -€1,892 | |
| Remuneration, social security and pensions | 62 | €2,131 | €5,387 | +€3,257 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,854 | €8,860 | +€6 | +0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €575 | +€575 | |
| Other operating charges | 640/8 | €616 | €1,176 | +€560 | +90.8% |
| Gross operating margin | 9900 | €11,728 | €28,587 | +€16,859 | +144% |
| Operating profit (loss) | 9901 | €127 | €12,589 | +€12,462 | +9,820% |
| Financial income | 75/76B | €0 | €10 | +€10 | +95,800% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +95,800% |
| Financial charges | 65/66B | €369 | €315 | -€54 | -14.7% |
| Recurring financial charges | 65 | €369 | €315 | -€54 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€242 | €12,283 | +€12,526 | |
| Income taxes | 67/77 | €632 | €3,424 | +€2,792 | +442% |
| Profit (loss) for the period | 9904 | -€874 | €8,859 | +€9,733 | |
| Profit (loss) for the period to be appropriated | 9905 | -€874 | €8,859 | +€9,733 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.