Terre et Eau Solutions: 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 Solutions
Largest movements
- Cash +€34,868
up €34,868 (+580%), from €6,015 to €40,883
mainly Trade debts (+€69,329) and Net result for the year (+€13,160)
- Receivables within one year +€23,975
up €23,975 (+55.7%), from €43,029 to €67,004
of which Trade receivables: +€23,910
- Tangible fixed assets +€7,162
up €7,162 (+652%), from €1,098 to €8,260
- Trade debts +€69,329
up €69,329 (+523%), from €13,251 to €82,579
- Accrued charges and deferred income -€20,391
down €20,391 (-98.5%), from €20,707 to €316
- Profit (loss) carried forward +€13,160
up €13,160 (+132%), from €9,986 to €23,146
- Other debts +€4,411
up €4,411 (+96.4%), from €4,577 to €8,988
- Tax, wage and social debts -€1,269
down €1,269 (-16.3%), from €7,802 to €6,533
- Gross operating margin +€41,302
up €41,302, from -€2,891 to €38,411
- Write-downs +€13,092
new in 2024: €13,092
- Taxes +€5,334
up €5,334 (+881%), from €605 to €5,940
- Depreciation +€1,860
up €1,860 (+281%), from €661 to €2,522
- Financial charges +€577
up €577 (+21.0%), from €2,752 to €3,329
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 | €57,323 | €122,563 | +€65,240 | +114% |
| Fixed assets | 21/28 | €6,459 | €12,541 | +€6,082 | +94.2% |
| Intangible fixed assets | 21 | €4,861 | €3,781 | -€1,080 | -22.2% |
| Tangible fixed assets | 22/27 | €1,098 | €8,260 | +€7,162 | +652% |
| Furniture and vehicles | 24 | €1,098 | €8,260 | +€7,162 | +652% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €50,864 | €110,022 | +€59,158 | +116% |
| Stocks and contracts in progress | 3 | €548 | €0 | -€548 | -100% |
| Stocks | 30/36 | €548 | €0 | -€548 | -100% |
| Amounts receivable within one year | 40/41 | €43,029 | €67,004 | +€23,975 | +55.7% |
| Trade receivables | 40 | €43,029 | €66,939 | +€23,910 | +55.6% |
| Other amounts receivable | 41 | - | €65 | +€65 | |
| Cash at bank and in hand | 54/58 | €6,015 | €40,883 | +€34,868 | +580% |
| Deferred charges and accrued income | 490/1 | €1,271 | €2,134 | +€863 | +67.9% |
| Total equity and liabilities | 10/49 | €57,323 | €122,563 | +€65,240 | +114% |
| Equity | 10/15 | €10,986 | €24,146 | +€13,160 | +120% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,986 | €23,146 | +€13,160 | +132% |
| Amounts payable | 17/49 | €46,337 | €98,417 | +€52,079 | +112% |
| Amounts payable within one year | 42/48 | €25,630 | €98,101 | +€72,471 | +283% |
| Trade debts | 44 | €13,251 | €82,579 | +€69,329 | +523% |
| Suppliers | 440/4 | €13,251 | €82,579 | +€69,329 | +523% |
| Taxes, remuneration and social security | 45 | €7,802 | €6,533 | -€1,269 | -16.3% |
| Taxes | 450/3 | €7,802 | €6,533 | -€1,269 | -16.3% |
| Other amounts payable | 47/48 | €4,577 | €8,988 | +€4,411 | +96.4% |
| Accrued charges and deferred income | 492/3 | €20,707 | €316 | -€20,391 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €661 | €2,522 | +€1,860 | +281% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,092 | +€13,092 | |
| Other operating charges | 640/8 | €314 | €777 | +€464 | +148% |
| Gross operating margin | 9900 | -€2,891 | €38,411 | +€41,302 | |
| Operating profit (loss) | 9901 | -€3,865 | €22,020 | +€25,885 | |
| Financial income | 75/76B | €207 | €409 | +€202 | +97.4% |
| Recurring financial income | 75 | €207 | €409 | +€202 | +97.4% |
| Financial charges | 65/66B | €2,752 | €3,329 | +€577 | +21.0% |
| Recurring financial charges | 65 | €2,752 | €3,329 | +€577 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,410 | €19,100 | +€25,510 | |
| Income taxes | 67/77 | €605 | €5,940 | +€5,334 | +881% |
| Profit (loss) for the period | 9904 | -€7,016 | €13,160 | +€20,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,016 | €13,160 | +€20,176 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.