TERRE NEUVE: 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 NEUVE
Largest movements
- Cash -€34,594
down €34,594 (-28.5%), from €121,173 to €86,579
mainly Net result for the year (-€23,340) and Contributions, distributions and other (-€13,200)
- Receivables within one year +€11,375
up €11,375 (+113%), from €10,111 to €21,486
of which Trade receivables: +€7,862
- Stocks and contracts +€4,189
up €4,189 (+14.6%), from €28,600 to €32,789
- Profit (loss) carried forward -€23,340
down €23,340 (-88.5%), from €26,377 to €3,037
- Other debts +€14,599
up €14,599 (+223%), from €6,547 to €21,147
- Reserves -€13,200
down €13,200 (-21.1%), from €62,419 to €49,219
of which Distributable reserves: -€13,200
- Tax, wage and social debts +€5,075
up €5,075 (+18.2%), from €27,918 to €32,993
of which Taxes: +€5,064
- Gross operating margin -€26,178
down €26,178 (-58.7%), from €44,621 to €18,444
- Write-downs -€8,524
down €8,524, from €7,589 to -€935
- Financial income -€2,198
down €2,198 (-17.0%), from €12,943 to €10,745
- Staff costs +€1,270
up €1,270 (+2.6%), from €48,651 to €49,921
- Financial charges -€1,001
down €1,001 (-37.5%), from €2,674 to €1,672
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,127 | €146,292 | -€17,835 | -10.9% |
| Current assets | 29/58 | €164,127 | €146,292 | -€17,835 | -10.9% |
| Stocks and contracts in progress | 3 | €28,600 | €32,789 | +€4,189 | +14.6% |
| Stocks | 30/36 | €28,600 | €32,789 | +€4,189 | +14.6% |
| Amounts receivable within one year | 40/41 | €10,111 | €21,486 | +€11,375 | +113% |
| Trade receivables | 40 | €3,750 | €11,612 | +€7,862 | +210% |
| Other amounts receivable | 41 | €6,362 | €9,875 | +€3,513 | +55.2% |
| Cash at bank and in hand | 54/58 | €121,173 | €86,579 | -€34,594 | -28.5% |
| Deferred charges and accrued income | 490/1 | €4,243 | €5,438 | +€1,194 | +28.1% |
| Total equity and liabilities | 10/49 | €164,127 | €146,292 | -€17,835 | -10.9% |
| Equity | 10/15 | €108,796 | €72,256 | -€36,540 | -33.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €62,419 | €49,219 | -€13,200 | -21.1% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €49,919 | €36,719 | -€13,200 | -26.4% |
| Profit (loss) carried forward | 14 | €26,377 | €3,037 | -€23,340 | -88.5% |
| Amounts payable | 17/49 | €55,331 | €74,036 | +€18,705 | +33.8% |
| Amounts payable within one year | 42/48 | €55,331 | €74,036 | +€18,705 | +33.8% |
| Trade debts | 44 | €20,866 | €19,896 | -€970 | -4.6% |
| Suppliers | 440/4 | €20,866 | €19,896 | -€970 | -4.6% |
| Taxes, remuneration and social security | 45 | €27,918 | €32,993 | +€5,075 | +18.2% |
| Taxes | 450/3 | €19,888 | €24,952 | +€5,064 | +25.5% |
| Remuneration and social security | 454/9 | €8,030 | €8,041 | +€11 | +0.1% |
| Other amounts payable | 47/48 | €6,547 | €21,147 | +€14,599 | +223% |
| Non-recurring operating income | 76A | - | €565 | +€565 | |
| Remuneration, social security and pensions | 62 | €48,651 | €49,921 | +€1,270 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,589 | -€935 | -€8,524 | |
| Other operating charges | 640/8 | €2,410 | €1,605 | -€805 | -33.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €44,621 | €18,444 | -€26,178 | -58.7% |
| Operating profit (loss) | 9901 | -€14,029 | -€32,147 | -€18,118 | -129% |
| Financial income | 75/76B | €12,943 | €10,745 | -€2,198 | -17.0% |
| Recurring financial income | 75 | €12,943 | €10,745 | -€2,198 | -17.0% |
| Financial charges | 65/66B | €2,674 | €1,672 | -€1,001 | -37.5% |
| Recurring financial charges | 65 | €2,674 | €1,672 | -€1,001 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,760 | -€23,074 | -€19,314 | -514% |
| Income taxes | 67/77 | €259 | €266 | +€7 | +2.7% |
| Profit (loss) for the period | 9904 | -€4,019 | -€23,340 | -€19,321 | -481% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,019 | -€23,340 | -€19,321 | -481% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.