TERROIRIST: 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.
TERROIRIST
Largest movements
- Cash +€226,558
up €226,558 (+393%), from €57,659 to €284,216
mainly Trade debts (+€218,852) and Contributions, distributions and other (+€179,346)
- Stocks and contracts +€91,652
up €91,652 (+27.0%), from €339,080 to €430,732
- Receivables within one year -€41,681
down €41,681 (-7.1%), from €583,922 to €542,242
of which Trade receivables: -€27,889
- Formation expenses +€31,542
up €31,542 (+439%), from €7,180 to €38,722
- Intangible fixed assets -€20,104
down €20,104 (-11.1%), from €181,224 to €161,121
- Trade debts +€218,852
up €218,852 (+57.2%), from €382,302 to €601,154
- Contributions +€181,721
up €181,721 (+44.3%), from €410,200 to €591,921
- Debts after one year -€81,951
down €81,951 (-25.9%), from €316,946 to €234,995
- Accrued charges and deferred income -€41,067
no longer reported in 2025 (was €41,067)
- Profit (loss) carried forward +€24,179
up €24,179 (+39.8%), from -€60,706 to -€36,527
- Staff costs +€60,286
up €60,286 (+15.4%), from €390,825 to €451,111
- Gross operating margin +€40,045
up €40,045 (+7.7%), from €517,558 to €557,603
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 | €1,284,878 | €1,567,515 | +€282,637 | +22.0% |
| Formation expenses | 20 | €7,180 | €38,722 | +€31,542 | +439% |
| Fixed assets | 21/28 | €269,302 | €241,219 | -€28,084 | -10.4% |
| Intangible fixed assets | 21 | €181,224 | €161,121 | -€20,104 | -11.1% |
| Tangible fixed assets | 22/27 | €85,368 | €75,451 | -€9,916 | -11.6% |
| Plant, machinery and equipment | 23 | €16,708 | €13,994 | -€2,714 | -16.2% |
| Furniture and vehicles | 24 | €58,116 | €45,498 | -€12,618 | -21.7% |
| Leasing and similar rights | 25 | €2,276 | €1,994 | -€282 | -12.4% |
| Other tangible fixed assets | 26 | €8,267 | €13,965 | +€5,698 | +68.9% |
| Financial fixed assets | 28 | €2,711 | €4,647 | +€1,936 | +71.4% |
| Current assets | 29/58 | €1,008,396 | €1,287,574 | +€279,179 | +27.7% |
| Stocks and contracts in progress | 3 | €339,080 | €430,732 | +€91,652 | +27.0% |
| Stocks | 30/36 | €339,080 | €430,732 | +€91,652 | +27.0% |
| Amounts receivable within one year | 40/41 | €583,922 | €542,242 | -€41,681 | -7.1% |
| Trade receivables | 40 | €506,127 | €478,238 | -€27,889 | -5.5% |
| Other amounts receivable | 41 | €77,795 | €64,004 | -€13,791 | -17.7% |
| Cash at bank and in hand | 54/58 | €57,659 | €284,216 | +€226,558 | +393% |
| Deferred charges and accrued income | 490/1 | €27,734 | €30,385 | +€2,650 | +9.6% |
| Total equity and liabilities | 10/49 | €1,284,878 | €1,567,515 | +€282,637 | +22.0% |
| Equity | 10/15 | €351,869 | €555,394 | +€203,525 | +57.8% |
| Contributions | 10/11 | €410,200 | €591,921 | +€181,721 | +44.3% |
| Profit (loss) carried forward | 14 | -€60,706 | -€36,527 | +€24,179 | +39.8% |
| Investment grants | 15 | €2,375 | - | -€2,375 | |
| Provisions and deferred taxes | 16 | €594 | - | -€594 | |
| Deferred taxes | 168 | €594 | - | -€594 | |
| Amounts payable | 17/49 | €932,416 | €1,012,121 | +€79,705 | +8.5% |
| Amounts payable after more than one year | 17 | €316,946 | €234,995 | -€81,951 | -25.9% |
| Financial debts | 170/4 | €316,946 | €234,995 | -€81,951 | -25.9% |
| Amounts payable within one year | 42/48 | €574,403 | €777,127 | +€202,724 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €133,128 | €111,064 | -€22,063 | -16.6% |
| Trade debts | 44 | €382,302 | €601,154 | +€218,852 | +57.2% |
| Suppliers | 440/4 | €382,302 | €601,154 | +€218,852 | +57.2% |
| Taxes, remuneration and social security | 45 | €58,974 | €64,909 | +€5,935 | +10.1% |
| Taxes | 450/3 | €7,692 | €4,567 | -€3,125 | -40.6% |
| Remuneration and social security | 454/9 | €51,282 | €60,342 | +€9,060 | +17.7% |
| Accrued charges and deferred income | 492/3 | €41,067 | - | -€41,067 | |
| Remuneration, social security and pensions | 62 | €390,825 | €451,111 | +€60,286 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,247 | €63,584 | +€3,337 | +5.5% |
| Other operating charges | 640/8 | €1,699 | €3,536 | +€1,837 | +108% |
| Gross operating margin | 9900 | €517,558 | €557,603 | +€40,045 | +7.7% |
| Operating profit (loss) | 9901 | €64,787 | €39,373 | -€25,414 | -39.2% |
| Financial income | 75/76B | €348 | €759 | +€411 | +118% |
| Recurring financial income | 75 | €348 | €759 | +€411 | +118% |
| Financial charges | 65/66B | €18,772 | €15,952 | -€2,820 | -15.0% |
| Recurring financial charges | 65 | €18,772 | €15,952 | -€2,820 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €46,363 | €24,179 | -€22,184 | -47.8% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | €46,223 | €24,179 | -€22,044 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,223 | €24,179 | -€22,044 | -47.7% |
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 20 October 2026 via checked.be.