Terres de Transition: 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.
Terres de Transition
Largest movements
- Stocks and contracts -€312,215
down €312,215 (-32.4%), from €964,022 to €651,806
- Short-term financial debts -€330,000
no longer reported in 2025 (was €330,000)
- Reserves +€76,626
new in 2025: €76,626
- Other debts -€74,459
down €74,459 (-53.4%), from €139,369 to €64,909
- Tax, wage and social debts +€37,132
up €37,132 (+3,060%), from €1,213 to €38,346
- Trade debts -€21,362
down €21,362 (-70.2%), from €30,445 to €9,083
- Gross operating margin +€76,656
up €76,656 (+139%), from €55,159 to €131,815
- Taxes +€37,112
up €37,112 (+3,009%), from €1,234 to €38,346
- Financial charges -€33,123
down €33,123 (-68.8%), from €48,160 to €15,037
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 | €969,335 | €655,272 | -€314,063 | -32.4% |
| Formation expenses | 20 | €574 | €93 | -€481 | -83.8% |
| Current assets | 29/58 | €968,762 | €655,180 | -€313,582 | -32.4% |
| Stocks and contracts in progress | 3 | €964,022 | €651,806 | -€312,215 | -32.4% |
| Stocks | 30/36 | €964,022 | €651,806 | -€312,215 | -32.4% |
| Cash at bank and in hand | 54/58 | €4,400 | €3,373 | -€1,027 | -23.3% |
| Deferred charges and accrued income | 490/1 | €339 | - | -€339 | |
| Total equity and liabilities | 10/49 | €969,335 | €655,272 | -€314,063 | -32.4% |
| Equity | 10/15 | €333,528 | €410,154 | +€76,626 | +23.0% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | - | €76,626 | +€76,626 | |
| Distributable reserves | 133 | - | €76,626 | +€76,626 | |
| Profit (loss) carried forward | 14 | €8,528 | €8,528 | = | 0.0% |
| Amounts payable | 17/49 | €635,807 | €245,118 | -€390,689 | -61.4% |
| Amounts payable after more than one year | 17 | €132,780 | €132,780 | = | 0.0% |
| Other amounts payable | 178/9 | €132,780 | €132,780 | = | 0.0% |
| Amounts payable within one year | 42/48 | €501,027 | €112,338 | -€388,689 | -77.6% |
| Financial debts | 43 | €330,000 | - | -€330,000 | |
| Credit institutions | 430/8 | €330,000 | - | -€330,000 | |
| Trade debts | 44 | €30,445 | €9,083 | -€21,362 | -70.2% |
| Suppliers | 440/4 | €30,445 | €9,083 | -€21,362 | -70.2% |
| Taxes, remuneration and social security | 45 | €1,213 | €38,346 | +€37,132 | +3,060% |
| Taxes | 450/3 | €1,213 | €38,346 | +€37,132 | +3,060% |
| Other amounts payable | 47/48 | €139,369 | €64,909 | -€74,459 | -53.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €481 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,325 | +€357 | +36.9% |
| Gross operating margin | 9900 | €55,159 | €131,815 | +€76,656 | +139% |
| Operating profit (loss) | 9901 | €53,711 | €130,009 | +€76,298 | +142% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €48,160 | €15,037 | -€33,123 | -68.8% |
| Recurring financial charges | 65 | €48,160 | €15,037 | -€33,123 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €5,566 | €114,972 | +€109,406 | +1,966% |
| Income taxes | 67/77 | €1,234 | €38,346 | +€37,112 | +3,009% |
| Profit (loss) for the period | 9904 | €4,333 | €76,626 | +€72,294 | +1,669% |
| Profit (loss) for the period to be appropriated | 9905 | €4,333 | €76,626 | +€72,294 | +1,669% |
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 23 October 2026 via checked.be.