Terre Invest: what changed
What changed
Terre Invest
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€85,684
2025 · -€42,650+€128,334
Equity
-€33,703
2025 · -€119,387+€85,684
Cash
€3,522
2025 · €4,592-€1,070
Balance sheet total
€964,050
2025 · €917,258+€46,792
Largest movements
Assets
- Tangible fixed assets +€214,420
up €214,420 (+29.0%), from €740,380 to €954,800
of which Land and buildings: +€212,695
- Receivables within one year -€165,956
down €165,956 (-96.8%), from €171,522 to €5,566
of which Other amounts receivable: -€171,522
Equity and liabilities
- Profit (loss) carried forward +€85,684
up €85,684 (+66.2%), from -€129,387 to -€43,703
- Trade debts -€30,150
down €30,150 (-93.8%), from €32,150 to €2,000
- Debts after one year -€11,588
down €11,588 (-1.2%), from €967,222 to €955,635
Income statement
- Gross operating margin +€186,571
up €186,571, from -€22,311 to €164,260
- Financial charges +€40,940
up €40,940 (+441%), from €9,275 to €50,214
- Depreciation +€16,906
up €16,906 (+161%), from €10,526 to €27,432
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€42,650
Gross operating margin
+€186,571
Depreciation
-€16,906
Other operating charges
-€390
Financial charges
-€40,940
Result 2026
€85,684
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€252,621
Investment
-€241,852
Financing
-€11,839
Cash 2025
€4,592
From operations (derived)
+€252,621
Net result for the year
+€85,684
Depreciation
+€27,432
Receivables within one year
+€165,956
Deferred charges and accrued income
+€602
Trade debts
-€30,150
Tax, wage and social debts
+€3,097
Investment (derived)
-€241,852
Investment in fixed assets (net)
-€241,852
Financing
-€11,839
Debts after one year
-€11,588
Current portion of long-term debt
-€251
Cash 2026
€3,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €917,258 | €964,050 | +€46,792 | +5.1% |
| Fixed assets | 21/28 | €740,380 | €954,800 | +€214,420 | +29.0% |
| Tangible fixed assets | 22/27 | €740,380 | €954,800 | +€214,420 | +29.0% |
| Land and buildings | 22 | €740,380 | €953,075 | +€212,695 | +28.7% |
| Plant, machinery and equipment | 23 | - | €1,725 | +€1,725 | |
| Current assets | 29/58 | €176,878 | €9,250 | -€167,628 | -94.8% |
| Amounts receivable within one year | 40/41 | €171,522 | €5,566 | -€165,956 | -96.8% |
| Trade receivables | 40 | - | €5,566 | +€5,566 | |
| Other amounts receivable | 41 | €171,522 | - | -€171,522 | |
| Cash at bank and in hand | 54/58 | €4,592 | €3,522 | -€1,070 | -23.3% |
| Deferred charges and accrued income | 490/1 | €764 | €162 | -€602 | -78.8% |
| Total equity and liabilities | 10/49 | €917,258 | €964,050 | +€46,792 | +5.1% |
| Equity | 10/15 | -€119,387 | -€33,703 | +€85,684 | +71.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€129,387 | -€43,703 | +€85,684 | +66.2% |
| Amounts payable | 17/49 | €1,036,646 | €997,753 | -€38,892 | -3.8% |
| Amounts payable after more than one year | 17 | €967,222 | €955,635 | -€11,588 | -1.2% |
| Financial debts | 170/4 | €967,222 | €955,635 | -€11,588 | -1.2% |
| Amounts payable within one year | 42/48 | €69,423 | €42,119 | -€27,305 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €37,273 | €37,022 | -€251 | -0.7% |
| Trade debts | 44 | €32,150 | €2,000 | -€30,150 | -93.8% |
| Suppliers | 440/4 | €32,150 | €2,000 | -€30,150 | -93.8% |
| Taxes, remuneration and social security | 45 | - | €3,097 | +€3,097 | |
| Taxes | 450/3 | - | €3,097 | +€3,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €27,432 | +€16,906 | +161% |
| Other operating charges | 640/8 | €539 | €929 | +€390 | +72.4% |
| Gross operating margin | 9900 | -€22,311 | €164,260 | +€186,571 | |
| Operating profit (loss) | 9901 | -€33,375 | €135,899 | +€169,274 | |
| Financial charges | 65/66B | €9,275 | €50,214 | +€40,940 | +441% |
| Recurring financial charges | 65 | €9,275 | €50,214 | +€40,940 | +441% |
| Profit (loss) for the period before taxes | 9903 | -€42,650 | €85,684 | +€128,334 | |
| Profit (loss) for the period | 9904 | -€42,650 | €85,684 | +€128,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,650 | €85,684 | +€128,334 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.