Terremiet: what changed
Two fiscal 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.
Terremiet
Largest movements
- Stocks and contracts -€203,189
down €203,189 (-29.2%), from €696,939 to €493,750
- Cash -€16,608
down €16,608 (-53.3%), from €31,180 to €14,572
mainly Debts after one year (-€317,126) and Accrued charges and deferred income (-€5,968)
- Debts after one year -€317,126
down €317,126 (-61.0%), from €520,000 to €202,874
- Profit (loss) carried forward +€69,299
up €69,299 (+82.8%), from -€83,665 to -€14,366
- Other debts +€34,006
up €34,006 (+16.0%), from €212,500 to €246,506
- Gross operating margin +€153,205
up €153,205, from -€1,956 to €151,249
- Other operating charges +€34,479
up €34,479 (+1168.9%), from €2,950 to €37,429
- Financial charges +€7,366
up €7,366 (+19.8%), from €37,156 to €44,521
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 | €728,271 | €508,322 | -€219,948 | -30.2% |
| Current assets | 29/58 | €728,271 | €508,322 | -€219,948 | -30.2% |
| Stocks and contracts in progress | 3 | €696,939 | €493,750 | -€203,189 | -29.2% |
| Stocks | 30/36 | €696,939 | €493,750 | -€203,189 | -29.2% |
| Cash at bank and in hand | 54/58 | €31,180 | €14,572 | -€16,608 | -53.3% |
| Deferred charges and accrued income | 490/1 | €152 | €0 | -€152 | -100.0% |
| Total equity and liabilities | 10/49 | €728,271 | €508,322 | -€219,948 | -30.2% |
| Equity | 10/15 | -€21,165 | €48,134 | +€69,299 | |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,665 | -€14,366 | +€69,299 | +82.8% |
| Amounts payable | 17/49 | €749,436 | €460,189 | -€289,247 | -38.6% |
| Amounts payable after more than one year | 17 | €520,000 | €202,874 | -€317,126 | -61.0% |
| Financial debts | 170/4 | €520,000 | €202,874 | -€317,126 | -61.0% |
| Amounts payable within one year | 42/48 | €212,660 | €246,506 | +€33,847 | +15.9% |
| Trade debts | 44 | €160 | €0 | -€160 | -100.0% |
| Suppliers | 440/4 | €160 | €0 | -€160 | -100.0% |
| Other amounts payable | 47/48 | €212,500 | €246,506 | +€34,006 | +16.0% |
| Accrued charges and deferred income | 492/3 | €16,776 | €10,808 | -€5,968 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,950 | €37,429 | +€34,479 | +1168.9% |
| Gross operating margin | 9900 | -€1,956 | €151,249 | +€153,205 | |
| Operating profit (loss) | 9901 | -€4,906 | €113,820 | +€118,726 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €37,156 | €44,521 | +€7,366 | +19.8% |
| Recurring financial charges | 65 | €37,156 | €44,521 | +€7,366 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,058 | €69,299 | +€111,357 | |
| Profit (loss) for the period | 9904 | -€42,058 | €69,299 | +€111,357 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,058 | €69,299 | +€111,357 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.