TERRE NATURELLE: what changed
TERRE NATURELLE
Largest movements
- Tangible fixed assets +€1,737
up €1,737 (+217%), from €799 to €2,536
of which Furniture and vehicles: +€1,872
- Receivables within one year -€1,306
no longer reported in 2025 (was €1,306)
- Stocks and contracts -€1,257
down €1,257 (-8.8%), from €14,344 to €13,088
- Cash +€738
up €738 (+399%), from €185 to €923
mainly Other debts (+€19,815) and Tax, wage and social debts (+€8,819)
- Deferred charges and accrued income +€310
up €310 (+1,094%), from €28 to €338
- Other debts +€19,815
up €19,815 (+34.9%), from €56,696 to €76,511
- Profit (loss) carried forward -€12,928
down €12,928 (-10.4%), from -€124,660 to -€137,588
- Debts after one year -€11,095
no longer reported in 2025 (was €11,095)
- Tax, wage and social debts +€8,819
up €8,819 (+29.6%), from €29,773 to €38,592
of which Remuneration and social security: +€10,031
- Trade debts -€4,655
down €4,655 (-34.1%), from €13,640 to €8,985
- Staff costs -€27,876
down €27,876 (-21.6%), from €129,309 to €101,433
- Gross operating margin -€22,773
down €22,773 (-18.5%), from €123,350 to €100,576
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,663 | €18,884 | +€222 | +1.2% |
| Fixed assets | 21/28 | €2,799 | €4,536 | +€1,737 | +62.1% |
| Tangible fixed assets | 22/27 | €799 | €2,536 | +€1,737 | +217% |
| Furniture and vehicles | 24 | €259 | €2,131 | +€1,872 | +724% |
| Other tangible fixed assets | 26 | €540 | €405 | -€135 | -25.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €15,864 | €14,349 | -€1,515 | -9.6% |
| Stocks and contracts in progress | 3 | €14,344 | €13,088 | -€1,257 | -8.8% |
| Stocks | 30/36 | €14,344 | €13,088 | -€1,257 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,306 | - | -€1,306 | |
| Trade receivables | 40 | €1,306 | - | -€1,306 | |
| Cash at bank and in hand | 54/58 | €185 | €923 | +€738 | +399% |
| Deferred charges and accrued income | 490/1 | €28 | €338 | +€310 | +1,094% |
| Total equity and liabilities | 10/49 | €18,663 | €18,884 | +€222 | +1.2% |
| Equity | 10/15 | -€116,600 | -€129,528 | -€12,928 | -11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,660 | -€137,588 | -€12,928 | -10.4% |
| Amounts payable | 17/49 | €135,262 | €148,412 | +€13,150 | +9.7% |
| Amounts payable after more than one year | 17 | €11,095 | - | -€11,095 | |
| Financial debts | 170/4 | €11,095 | - | -€11,095 | |
| Amounts payable within one year | 42/48 | €124,167 | €148,412 | +€24,245 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €10,946 | €11,095 | +€150 | +1.4% |
| Financial debts | 43 | €13,112 | €13,229 | +€117 | +0.9% |
| Credit institutions | 430/8 | €13,112 | €13,229 | +€117 | +0.9% |
| Trade debts | 44 | €13,640 | €8,985 | -€4,655 | -34.1% |
| Suppliers | 440/4 | €13,640 | €8,985 | -€4,655 | -34.1% |
| Taxes, remuneration and social security | 45 | €29,773 | €38,592 | +€8,819 | +29.6% |
| Taxes | 450/3 | €19,854 | €18,642 | -€1,212 | -6.1% |
| Remuneration and social security | 454/9 | €9,919 | €19,950 | +€10,031 | +101% |
| Other amounts payable | 47/48 | €56,696 | €76,511 | +€19,815 | +34.9% |
| Remuneration, social security and pensions | 62 | €129,309 | €101,433 | -€27,876 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | €1,072 | +€876 | +448% |
| Other operating charges | 640/8 | €6,092 | €7,119 | +€1,028 | +16.9% |
| Gross operating margin | 9900 | €123,350 | €100,576 | -€22,773 | -18.5% |
| Operating profit (loss) | 9901 | -€12,246 | -€9,048 | +€3,198 | +26.1% |
| Financial income | 75/76B | €60 | €0 | -€60 | -99.5% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -99.5% |
| Financial charges | 65/66B | €3,443 | €3,740 | +€297 | +8.6% |
| Recurring financial charges | 65 | €3,443 | €3,740 | +€297 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,629 | -€12,787 | +€2,841 | +18.2% |
| Income taxes | 67/77 | €139 | €141 | +€1 | +1.1% |
| Profit (loss) for the period | 9904 | -€15,768 | -€12,928 | +€2,840 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,768 | -€12,928 | +€2,840 | +18.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.