TERROIR: 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.
TERROIR
Largest movements
- Receivables within one year +€251,525
up €251,525 (+26.7%), from €940,547 to €1.2m
of which Trade receivables: +€185,758
- Stocks and contracts -€95,435
down €95,435 (-20.2%), from €472,465 to €377,029
- Tangible fixed assets -€30,278
down €30,278 (-6.8%), from €446,702 to €416,423
of which Land and buildings: -€27,275
- Debts after one year -€120,862
down €120,862 (-23.6%), from €513,103 to €392,241
- Tax, wage and social debts +€106,886
up €106,886 (+28.5%), from €374,773 to €481,659
of which Taxes: +€110,119
- Trade debts +€96,822
up €96,822 (+25.1%), from €386,060 to €482,882
- Short-term financial debts +€56,388
up €56,388 (+235.5%), from €23,948 to €80,336
- Current portion of long-term debt -€34,466
down €34,466 (-29.0%), from €118,930 to €84,464
- Gross operating margin +€101,672
up €101,672 (+46.4%), from €219,138 to €320,810
- Other operating charges -€11,377
down €11,377 (-9.9%), from €114,574 to €103,197
- Financial charges +€9,121
up €9,121 (+15.6%), from €58,432 to €67,553
- Staff costs +€6,050
up €6,050 (+6.6%), from €92,233 to €98,283
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 | €1,866,964 | €1,994,651 | +€127,688 | +6.8% |
| Fixed assets | 21/28 | €446,702 | €416,423 | -€30,278 | -6.8% |
| Tangible fixed assets | 22/27 | €446,702 | €416,423 | -€30,278 | -6.8% |
| Land and buildings | 22 | €436,626 | €409,351 | -€27,275 | -6.2% |
| Furniture and vehicles | 24 | €7,844 | €5,118 | -€2,726 | -34.7% |
| Other tangible fixed assets | 26 | €2,232 | €1,954 | -€278 | -12.4% |
| Current assets | 29/58 | €1,420,262 | €1,578,228 | +€157,966 | +11.1% |
| Stocks and contracts in progress | 3 | €472,465 | €377,029 | -€95,435 | -20.2% |
| Stocks | 30/36 | €472,465 | €377,029 | -€95,435 | -20.2% |
| Amounts receivable within one year | 40/41 | €940,547 | €1,192,072 | +€251,525 | +26.7% |
| Trade receivables | 40 | €245,471 | €431,228 | +€185,758 | +75.7% |
| Other amounts receivable | 41 | €695,076 | €760,844 | +€65,767 | +9.5% |
| Cash at bank and in hand | 54/58 | €7,211 | €9,127 | +€1,916 | +26.6% |
| Deferred charges and accrued income | 490/1 | €39 | - | -€39 | |
| Total equity and liabilities | 10/49 | €1,866,964 | €1,994,651 | +€127,688 | +6.8% |
| Equity | 10/15 | €387,745 | €409,249 | +€21,504 | +5.5% |
| Contributions | 10/11 | €180,141 | €180,141 | = | 0.0% |
| Reserves | 13 | €207,023 | €207,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,023 | €18,023 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,023 | €18,023 | = | 0.0% |
| Distributable reserves | 133 | €189,000 | €189,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €582 | €22,085 | +€21,504 | +3697.5% |
| Amounts payable | 17/49 | €1,479,218 | €1,585,402 | +€106,184 | +7.2% |
| Amounts payable after more than one year | 17 | €513,103 | €392,241 | -€120,862 | -23.6% |
| Financial debts | 170/4 | €513,103 | €392,241 | -€120,862 | -23.6% |
| Amounts payable within one year | 42/48 | €966,115 | €1,193,161 | +€227,046 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €118,930 | €84,464 | -€34,466 | -29.0% |
| Financial debts | 43 | €23,948 | €80,336 | +€56,388 | +235.5% |
| Credit institutions | 430/8 | €23,948 | €80,336 | +€56,388 | +235.5% |
| Trade debts | 44 | €386,060 | €482,882 | +€96,822 | +25.1% |
| Suppliers | 440/4 | €386,060 | €482,882 | +€96,822 | +25.1% |
| Taxes, remuneration and social security | 45 | €374,773 | €481,659 | +€106,886 | +28.5% |
| Taxes | 450/3 | €370,483 | €480,601 | +€110,119 | +29.7% |
| Remuneration and social security | 454/9 | €4,290 | €1,057 | -€3,233 | -75.4% |
| Other amounts payable | 47/48 | €62,404 | €63,821 | +€1,417 | +2.3% |
| Remuneration, social security and pensions | 62 | €92,233 | €98,283 | +€6,050 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,121 | €30,278 | +€157 | +0.5% |
| Other operating charges | 640/8 | €114,574 | €103,197 | -€11,377 | -9.9% |
| Gross operating margin | 9900 | €219,138 | €320,810 | +€101,672 | +46.4% |
| Operating profit (loss) | 9901 | -€17,791 | €89,051 | +€106,842 | |
| Financial income | 75/76B | €596 | €5 | -€591 | -99.2% |
| Recurring financial income | 75 | €596 | €5 | -€591 | -99.2% |
| Financial charges | 65/66B | €58,432 | €67,553 | +€9,121 | +15.6% |
| Recurring financial charges | 65 | €58,432 | €67,553 | +€9,121 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€75,627 | €21,504 | +€97,130 | |
| Profit (loss) for the period | 9904 | -€75,627 | €21,504 | +€97,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,627 | €21,504 | +€97,130 |
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 4 October 2026 via checked.be.