TerrEau: 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.
TerrEau
Largest movements
- Tangible fixed assets -€3,827
down €3,827 (-23.5%), from €16,261 to €12,434
of which Furniture and vehicles: -€2,805
- Cash -€3,261
down €3,261 (-14.6%), from €22,405 to €19,143
mainly Other debts (-€12,257) and Accrued charges and deferred income (-€1,406)
- Receivables within one year -€1,683
down €1,683 (-30.4%), from €5,537 to €3,854
- Other debts -€12,257
down €12,257 (-32.5%), from €37,683 to €25,426
- Profit (loss) carried forward +€3,369
up €3,369 (+312.8%), from €1,077 to €4,446
- Tax, wage and social debts +€1,523
up €1,523 (+84.7%), from €1,799 to €3,322
- Accrued charges and deferred income -€1,406
down €1,406 (-60.0%), from €2,344 to €938
- Gross operating margin +€1,756
up €1,756 (+21.8%), from €8,040 to €9,796
- Financial charges -€795
down €795 (-72.2%), from €1,101 to €306
- Taxes +€462
up €462 (+72.3%), from €640 to €1,102
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.
Cash bridge derived
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 | €45,403 | €36,631 | -€8,772 | -19.3% |
| Fixed assets | 21/28 | €17,461 | €13,634 | -€3,827 | -21.9% |
| Tangible fixed assets | 22/27 | €16,261 | €12,434 | -€3,827 | -23.5% |
| Furniture and vehicles | 24 | €8,364 | €5,559 | -€2,805 | -33.5% |
| Other tangible fixed assets | 26 | €7,897 | €6,875 | -€1,022 | -12.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €27,942 | €22,997 | -€4,945 | -17.7% |
| Amounts receivable within one year | 40/41 | €5,537 | €3,854 | -€1,683 | -30.4% |
| Trade receivables | 40 | €5,537 | €3,854 | -€1,683 | -30.4% |
| Cash at bank and in hand | 54/58 | €22,405 | €19,143 | -€3,261 | -14.6% |
| Total equity and liabilities | 10/49 | €45,403 | €36,631 | -€8,772 | -19.3% |
| Equity | 10/15 | €3,577 | €6,946 | +€3,369 | +94.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,077 | €4,446 | +€3,369 | +312.8% |
| Amounts payable | 17/49 | €41,826 | €29,686 | -€12,140 | -29.0% |
| Amounts payable within one year | 42/48 | €39,482 | €28,748 | -€10,734 | -27.2% |
| Taxes, remuneration and social security | 45 | €1,799 | €3,322 | +€1,523 | +84.7% |
| Taxes | 450/3 | €1,799 | €3,322 | +€1,523 | +84.7% |
| Other amounts payable | 47/48 | €37,683 | €25,426 | -€12,257 | -32.5% |
| Accrued charges and deferred income | 492/3 | €2,344 | €938 | -€1,406 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,827 | €3,827 | = | 0.0% |
| Other operating charges | 640/8 | €1,199 | €1,195 | -€4 | -0.4% |
| Gross operating margin | 9900 | €8,040 | €9,796 | +€1,756 | +21.8% |
| Operating profit (loss) | 9901 | €3,014 | €4,775 | +€1,760 | +58.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,101 | €306 | -€795 | -72.2% |
| Recurring financial charges | 65 | €1,101 | €306 | -€795 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €1,913 | €4,471 | +€2,557 | +133.7% |
| Income taxes | 67/77 | €640 | €1,102 | +€462 | +72.3% |
| Profit (loss) for the period | 9904 | €1,274 | €3,369 | +€2,095 | +164.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,274 | €3,369 | +€2,095 | +164.5% |
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 12 October 2026 via checked.be.