Terre Mariotti: 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 Mariotti
Largest movements
- Receivables within one year +€83,166
up €83,166 (+501%), from €16,609 to €99,775
of which Trade receivables: +€83,698
- Cash +€60,733
up €60,733 (+96.6%), from €62,841 to €123,575
mainly Trade debts (+€153,752) and Tax, wage and social debts (+€6,880)
- Trade debts +€153,752
up €153,752 (+474%), from €32,405 to €186,157
- Profit (loss) carried forward -€16,400
down €16,400 (-303%), from -€5,417 to -€21,817
- Tax, wage and social debts +€6,880
up €6,880 (+52.0%), from €13,229 to €20,108
- Gross operating margin -€81,149
down €81,149, from €73,508 to -€7,641
- Write-downs -€56,912
down €56,912 (-100%), from €56,912 to €0
- Other operating charges -€7,383
down €7,383 (-54.3%), from €13,589 to €6,207
- Financial charges -€5,174
down €5,174 (-98.5%), from €5,253 to €78
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.
Derived cash bridge
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 | €193,799 | €338,226 | +€144,427 | +74.5% |
| Fixed assets | 21/28 | €13,994 | €11,507 | -€2,487 | -17.8% |
| Intangible fixed assets | 21 | €2,410 | €1,915 | -€496 | -20.6% |
| Tangible fixed assets | 22/27 | €11,583 | €9,592 | -€1,992 | -17.2% |
| Plant, machinery and equipment | 23 | €9,048 | €7,808 | -€1,240 | -13.7% |
| Furniture and vehicles | 24 | €1,344 | €946 | -€398 | -29.6% |
| Other tangible fixed assets | 26 | €1,192 | €838 | -€354 | -29.7% |
| Current assets | 29/58 | €179,805 | €326,719 | +€146,914 | +81.7% |
| Stocks and contracts in progress | 3 | €100,355 | €103,181 | +€2,826 | +2.8% |
| Stocks | 30/36 | €100,355 | €103,181 | +€2,826 | +2.8% |
| Amounts receivable within one year | 40/41 | €16,609 | €99,775 | +€83,166 | +501% |
| Trade receivables | 40 | €16,076 | €99,775 | +€83,698 | +521% |
| Other amounts receivable | 41 | €533 | €0 | -€533 | -100% |
| Cash at bank and in hand | 54/58 | €62,841 | €123,575 | +€60,733 | +96.6% |
| Deferred charges and accrued income | 490/1 | - | €189 | +€189 | |
| Total equity and liabilities | 10/49 | €193,799 | €338,226 | +€144,427 | +74.5% |
| Equity | 10/15 | €24,583 | €8,183 | -€16,400 | -66.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,417 | -€21,817 | -€16,400 | -303% |
| Amounts payable | 17/49 | €169,216 | €330,043 | +€160,827 | +95.0% |
| Amounts payable within one year | 42/48 | €168,829 | €329,575 | +€160,746 | +95.2% |
| Trade debts | 44 | €32,405 | €186,157 | +€153,752 | +474% |
| Suppliers | 440/4 | €32,405 | €186,157 | +€153,752 | +474% |
| Taxes, remuneration and social security | 45 | €13,229 | €20,108 | +€6,880 | +52.0% |
| Taxes | 450/3 | €13,229 | €20,108 | +€6,880 | +52.0% |
| Other amounts payable | 47/48 | €123,195 | €123,310 | +€115 | +0.1% |
| Accrued charges and deferred income | 492/3 | €387 | €468 | +€80 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,193 | €2,487 | -€705 | -22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,912 | €0 | -€56,912 | -100% |
| Other operating charges | 640/8 | €13,589 | €6,207 | -€7,383 | -54.3% |
| Gross operating margin | 9900 | €73,508 | -€7,641 | -€81,149 | |
| Operating profit (loss) | 9901 | -€185 | -€16,335 | -€16,149 | -8,708% |
| Financial income | 75/76B | €21 | €13 | -€8 | -36.7% |
| Recurring financial income | 75 | €21 | €13 | -€8 | -36.7% |
| Financial charges | 65/66B | €5,253 | €78 | -€5,174 | -98.5% |
| Recurring financial charges | 65 | €5,253 | €78 | -€5,174 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,417 | -€16,400 | -€10,983 | -203% |
| Profit (loss) for the period | 9904 | -€5,417 | -€16,400 | -€10,983 | -203% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,417 | -€16,400 | -€10,983 | -203% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.