Terrium: 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.
Terrium
Largest movements
- Tangible fixed assets -€560,407
down €560,407 (-90.1%), from €621,891 to €61,485
- Receivables within one year +€498,145
up €498,145 (+26846.9%), from €1,856 to €500,000
- Cash +€305,314
up €305,314 (+101.7%), from €300,306 to €605,620
mainly Investment in fixed assets (net) (+€560,407) and Provisions (+€153,674)
- Provisions +€153,674
up €153,674 (+357.8%), from €42,946 to €196,620
- Reserves +€87,816
up €87,816 (+11.0%), from €794,810 to €882,626
of which Tax-exempt reserves: +€461,022
- Gross operating margin +€785,500
up €785,500, from -€8,892 to €776,608
- Other operating charges +€497,948
up €497,948 (+1139.5%), from €43,698 to €541,646
- Depreciation -€23,638
no longer reported in 2025 (was €23,638)
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 | €953,004 | €1,186,994 | +€233,989 | +24.6% |
| Fixed assets | 21/28 | €621,891 | €61,485 | -€560,407 | -90.1% |
| Tangible fixed assets | 22/27 | €621,891 | €61,485 | -€560,407 | -90.1% |
| Land and buildings | 22 | €621,891 | €61,485 | -€560,407 | -90.1% |
| Current assets | 29/58 | €331,113 | €1,125,509 | +€794,396 | +239.9% |
| Amounts receivable within one year | 40/41 | €1,856 | €500,000 | +€498,145 | +26846.9% |
| Other amounts receivable | 41 | €1,856 | €500,000 | +€498,145 | +26846.9% |
| Cash at bank and in hand | 54/58 | €300,306 | €605,620 | +€305,314 | +101.7% |
| Deferred charges and accrued income | 490/1 | €28,952 | €19,889 | -€9,063 | -31.3% |
| Total equity and liabilities | 10/49 | €953,004 | €1,186,994 | +€233,989 | +24.6% |
| Equity | 10/15 | €901,410 | €989,226 | +€87,816 | +9.7% |
| Contributions | 10/11 | €106,600 | €106,600 | = | 0.0% |
| Capital | 10 | €106,600 | €106,600 | = | 0.0% |
| Issued capital | 100 | €106,600 | €106,600 | = | 0.0% |
| Reserves | 13 | €794,810 | €882,626 | +€87,816 | +11.0% |
| Non-distributable reserves | 130/1 | €10,660 | €10,660 | = | 0.0% |
| Legal reserve | 130 | €10,660 | €10,660 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,035 | €590,057 | +€461,022 | +357.3% |
| Distributable reserves | 133 | €655,115 | €281,909 | -€373,206 | -57.0% |
| Provisions and deferred taxes | 16 | €42,946 | €196,620 | +€153,674 | +357.8% |
| Deferred taxes | 168 | €42,946 | €196,620 | +€153,674 | +357.8% |
| Amounts payable | 17/49 | €8,648 | €1,148 | -€7,500 | -86.7% |
| Amounts payable within one year | 42/48 | €8,561 | €1,059 | -€7,502 | -87.6% |
| Trade debts | 44 | €8,561 | €1,059 | -€7,502 | -87.6% |
| Suppliers | 440/4 | €8,561 | €1,059 | -€7,502 | -87.6% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,638 | - | -€23,638 | |
| Other operating charges | 640/8 | €43,698 | €541,646 | +€497,948 | +1139.5% |
| Gross operating margin | 9900 | -€8,892 | €776,608 | +€785,500 | |
| Operating profit (loss) | 9901 | -€76,227 | €234,963 | +€311,190 | |
| Financial income | 75/76B | €13,389 | €6,707 | -€6,682 | -49.9% |
| Recurring financial income | 75 | €13,389 | €6,707 | -€6,682 | -49.9% |
| Financial charges | 65/66B | €45 | €180 | +€135 | +298.2% |
| Recurring financial charges | 65 | €45 | €180 | +€135 | +298.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,884 | €241,490 | +€304,373 | |
| Transfer from deferred taxes | 780 | €1,136 | €42,946 | +€41,810 | +3680.8% |
| Transfer to deferred taxes | 680 | - | €196,620 | +€196,620 | |
| Profit (loss) for the period | 9904 | -€61,748 | €87,816 | +€149,563 | |
| Transfer from tax-exempt reserves | 789 | €3,408 | €128,838 | +€125,430 | +3680.7% |
| Transfer to tax-exempt reserves | 689 | - | €589,860 | +€589,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,340 | -€373,206 | -€314,866 | -539.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.