TERROA: 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.
TERROA
Largest movements
- Cash -€1,565
down €1,565 (-11.9%), from €13,207 to €11,642
mainly Net result for the year (-€1,592) and Receivables within one year (-€23)
- Contributions -€5,000
down €5,000 (-9.1%), from €55,000 to €50,000
- Reserves +€5,000
new in 2025: €5,000
- Profit (loss) carried forward -€1,592
down €1,592 (-4.2%), from €38,282 to €36,689
- Gross operating margin -€40,869
down €40,869, from €39,645 to -€1,225
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 | €93,282 | €91,689 | -€1,592 | -1.7% |
| Fixed assets | 21/28 | €80,000 | €80,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €80,000 | €80,000 | = | 0.0% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €13,282 | €11,689 | -€1,592 | -12.0% |
| Amounts receivable within one year | 40/41 | €14 | €37 | +€23 | +171.5% |
| Other amounts receivable | 41 | €14 | €37 | +€23 | +171.5% |
| Cash at bank and in hand | 54/58 | €13,207 | €11,642 | -€1,565 | -11.9% |
| Deferred charges and accrued income | 490/1 | €61 | €10 | -€51 | -83.3% |
| Total equity and liabilities | 10/49 | €93,282 | €91,689 | -€1,592 | -1.7% |
| Equity | 10/15 | €93,282 | €91,689 | -€1,592 | -1.7% |
| Contributions | 10/11 | €55,000 | €50,000 | -€5,000 | -9.1% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Non-distributable reserves | 130/1 | - | €5,000 | +€5,000 | |
| Reserves not available under the articles | 1311 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €38,282 | €36,689 | -€1,592 | -4.2% |
| Other operating charges | 640/8 | €526 | €400 | -€127 | -24.0% |
| Gross operating margin | 9900 | €39,645 | -€1,225 | -€40,869 | |
| Operating profit (loss) | 9901 | €39,118 | -€1,624 | -€40,743 | |
| Financial income | 75/76B | €46 | €78 | +€33 | +71.5% |
| Recurring financial income | 75 | €46 | €78 | +€33 | +71.5% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €39,118 | -€1,592 | -€40,710 | |
| Profit (loss) for the period | 9904 | €39,118 | -€1,592 | -€40,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,118 | -€1,592 | -€40,710 |
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.