TERRE & PAIN: 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 & PAIN
Largest movements
- Cash -€148,572
down €148,572 (-69.4%), from €214,234 to €65,661
mainly Net result for the year (-€383,091) and Other debts (-€116,214)
- Receivables within one year -€67,311
down €67,311 (-23.1%), from €291,351 to €224,039
of which Trade receivables: -€61,073
- Tangible fixed assets +€18,474
up €18,474 (+28.7%), from €64,361 to €82,835
of which Leasing and similar rights: +€14,058
- Intangible fixed assets -€9,670
down €9,670 (-7.7%), from €125,470 to €115,800
- Profit (loss) carried forward -€383,091
down €383,091, from €10,448 to -€372,643
- Accrued charges and deferred income +€162,413
up €162,413 (+292%), from €55,532 to €217,944
- Other debts -€116,214
down €116,214 (-61.0%), from €190,646 to €74,432
- Trade debts +€75,764
up €75,764 (+56.6%), from €133,778 to €209,542
- Tax, wage and social debts +€67,493
up €67,493 (+63.7%), from €105,894 to €173,387
of which Remuneration and social security: +€49,716
- Staff costs +€322,083
up €322,083 (+79.8%), from €403,808 to €725,890
- Write-downs +€66,292
new in 2025: €66,292
- Depreciation -€30,851
down €30,851 (-64.8%), from €47,573 to €16,722
- Gross operating margin -€22,470
down €22,470 (-4.8%), from €466,098 to €443,628
- Financial charges +€16,797
up €16,797 (+3,897%), from €431 to €17,228
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 | €739,151 | €531,225 | -€207,927 | -28.1% |
| Fixed assets | 21/28 | €191,181 | €202,385 | +€11,204 | +5.9% |
| Intangible fixed assets | 21 | €125,470 | €115,800 | -€9,670 | -7.7% |
| Tangible fixed assets | 22/27 | €64,361 | €82,835 | +€18,474 | +28.7% |
| Plant, machinery and equipment | 23 | - | €3,010 | +€3,010 | |
| Furniture and vehicles | 24 | €1,407 | €2,813 | +€1,406 | +99.9% |
| Leasing and similar rights | 25 | €62,954 | €77,012 | +€14,058 | +22.3% |
| Financial fixed assets | 28 | €1,350 | €3,750 | +€2,400 | +178% |
| Current assets | 29/58 | €547,970 | €328,840 | -€219,130 | -40.0% |
| Stocks and contracts in progress | 3 | €41,199 | €34,096 | -€7,103 | -17.2% |
| Stocks | 30/36 | €41,199 | €34,096 | -€7,103 | -17.2% |
| Amounts receivable within one year | 40/41 | €291,351 | €224,039 | -€67,311 | -23.1% |
| Trade receivables | 40 | €273,350 | €212,277 | -€61,073 | -22.3% |
| Other amounts receivable | 41 | €18,001 | €11,763 | -€6,238 | -34.7% |
| Cash at bank and in hand | 54/58 | €214,234 | €65,661 | -€148,572 | -69.4% |
| Deferred charges and accrued income | 490/1 | €1,187 | €5,043 | +€3,856 | +325% |
| Total equity and liabilities | 10/49 | €739,151 | €531,225 | -€207,927 | -28.1% |
| Equity | 10/15 | €161,998 | -€221,093 | -€383,091 | |
| Contributions | 10/11 | €151,000 | €151,000 | = | 0.0% |
| Capital | 10 | €151,000 | €151,000 | = | 0.0% |
| Issued capital | 100 | €151,000 | €151,000 | = | 0.0% |
| Reserves | 13 | €550 | €550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Legal reserve | 130 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,448 | -€372,643 | -€383,091 | |
| Amounts payable | 17/49 | €577,153 | €752,317 | +€175,164 | +30.3% |
| Amounts payable after more than one year | 17 | €63,524 | €63,524 | = | 0.0% |
| Financial debts | 170/4 | €63,524 | €63,524 | = | 0.0% |
| Amounts payable within one year | 42/48 | €458,098 | €470,849 | +€12,751 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €27,779 | €13,488 | -€14,291 | -51.4% |
| Trade debts | 44 | €133,778 | €209,542 | +€75,764 | +56.6% |
| Suppliers | 440/4 | €133,778 | €209,542 | +€75,764 | +56.6% |
| Taxes, remuneration and social security | 45 | €105,894 | €173,387 | +€67,493 | +63.7% |
| Taxes | 450/3 | €16,673 | €34,450 | +€17,777 | +107% |
| Remuneration and social security | 454/9 | €89,221 | €138,937 | +€49,716 | +55.7% |
| Other amounts payable | 47/48 | €190,646 | €74,432 | -€116,214 | -61.0% |
| Accrued charges and deferred income | 492/3 | €55,532 | €217,944 | +€162,413 | +292% |
| Non-recurring operating income | 76A | - | €14,058 | +€14,058 | |
| Remuneration, social security and pensions | 62 | €403,808 | €725,890 | +€322,083 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,573 | €16,722 | -€30,851 | -64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €66,292 | +€66,292 | |
| Other operating charges | 640/8 | €442 | €586 | +€144 | +32.5% |
| Gross operating margin | 9900 | €466,098 | €443,628 | -€22,470 | -4.8% |
| Operating profit (loss) | 9901 | €14,275 | -€365,863 | -€380,138 | |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €431 | €17,228 | +€16,797 | +3,897% |
| Recurring financial charges | 65 | €431 | €17,228 | +€16,797 | +3,897% |
| Profit (loss) for the period before taxes | 9903 | €13,871 | -€383,091 | -€396,962 | |
| Income taxes | 67/77 | €2,873 | - | -€2,873 | |
| Profit (loss) for the period | 9904 | €10,998 | -€383,091 | -€394,089 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,998 | -€383,091 | -€394,089 |
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 19 October 2026 via checked.be.