TERREPOWER: 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.
TERREPOWER
Largest movements
- Receivables within one year +€709,718
up €709,718 (+12,324%), from €5,759 to €715,477
of which Trade receivables: +€708,505
- Cash +€15,537
up €15,537 (+306%), from €5,074 to €20,611
mainly Other debts (+€1.1m) and Investment in fixed assets (net) (+€4,760)
- Other debts +€1.1m
up €1.1m (+145%), from €728,130 to €1.8m
- Profit (loss) carried forward -€317,918
down €317,918 (-41.5%), from -€765,525 to -€1.1m
- Tax, wage and social debts -€11,087
down €11,087 (-15.8%), from €70,085 to €58,998
of which Remuneration and social security: -€10,891
- Gross operating margin +€661,836
up €661,836, from -€87,745 to €574,092
- Staff costs +€216,668
up €216,668 (+32.3%), from €670,425 to €887,093
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 | €40,920 | €760,816 | +€719,896 | +1,759% |
| Fixed assets | 21/28 | €30,087 | €24,728 | -€5,359 | -17.8% |
| Tangible fixed assets | 22/27 | €5,415 | €4,816 | -€599 | -11.1% |
| Other tangible fixed assets | 26 | €5,415 | €4,816 | -€599 | -11.1% |
| Financial fixed assets | 28 | €24,673 | €19,913 | -€4,760 | -19.3% |
| Current assets | 29/58 | €10,833 | €736,088 | +€725,255 | +6,695% |
| Amounts receivable within one year | 40/41 | €5,759 | €715,477 | +€709,718 | +12,324% |
| Trade receivables | 40 | - | €708,505 | +€708,505 | |
| Other amounts receivable | 41 | €5,759 | €6,972 | +€1,213 | +21.1% |
| Cash at bank and in hand | 54/58 | €5,074 | €20,611 | +€15,537 | +306% |
| Total equity and liabilities | 10/49 | €40,920 | €760,816 | +€719,896 | +1,759% |
| Equity | 10/15 | -€765,525 | -€1,083,443 | -€317,918 | -41.5% |
| Profit (loss) carried forward | 14 | -€765,525 | -€1,083,443 | -€317,918 | -41.5% |
| Amounts payable | 17/49 | €806,445 | €1,844,259 | +€1.0m | +129% |
| Amounts payable within one year | 42/48 | €806,445 | €1,844,259 | +€1.0m | +129% |
| Trade debts | 44 | €8,230 | €3,628 | -€4,602 | -55.9% |
| Suppliers | 440/4 | €8,230 | €3,628 | -€4,602 | -55.9% |
| Taxes, remuneration and social security | 45 | €70,085 | €58,998 | -€11,087 | -15.8% |
| Taxes | 450/3 | €196 | - | -€196 | |
| Remuneration and social security | 454/9 | €69,889 | €58,998 | -€10,891 | -15.6% |
| Other amounts payable | 47/48 | €728,130 | €1,781,634 | +€1.1m | +145% |
| Remuneration, social security and pensions | 62 | €670,425 | €887,093 | +€216,668 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €599 | +€25 | +4.3% |
| Other operating charges | 640/8 | €3,351 | - | -€3,351 | |
| Gross operating margin | 9900 | -€87,745 | €574,092 | +€661,836 | |
| Operating profit (loss) | 9901 | -€762,095 | -€313,600 | +€448,495 | +58.9% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €3,233 | €4,347 | +€1,113 | +34.4% |
| Recurring financial charges | 65 | €3,233 | €4,347 | +€1,113 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€765,329 | -€317,918 | +€447,410 | +58.5% |
| Income taxes | 67/77 | €196 | - | -€196 | |
| Profit (loss) for the period | 9904 | -€765,525 | -€317,918 | +€447,606 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€765,525 | -€317,918 | +€447,606 | +58.5% |
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 17 October 2026 via checked.be.