TERRUM: what changed
TERRUM
Largest movements
- Cash +€78,035
up €78,035 (+37.9%), from €206,120 to €284,155
mainly Receivables after one year (+€70,000) and Net result for the year (+€59,430)
- Receivables after one year -€70,000
down €70,000 (-100%), from €70,000 to €0
- Tangible fixed assets -€22,628
down €22,628 (-49.2%), from €45,948 to €23,321
of which Furniture and vehicles: -€20,347
- Other debts -€71,413
down €71,413 (-100%), from €71,413 to €0
- Profit (loss) carried forward +€49,121
up €49,121, from -€49,121 to €0
- Reserves +€10,309
up €10,309 (+3.6%), from €285,118 to €295,427
- Gross operating margin +€158,877
up €158,877, from -€73,780 to €85,097
- Taxes +€1,021
up €1,021 (+316%), from €323 to €1,345
- Staff costs -€978
down €978 (-29.8%), from €3,284 to €2,306
- Depreciation -€860
down €860 (-3.7%), from €23,488 to €22,628
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,017 | €311,890 | -€12,127 | -3.7% |
| Fixed assets | 21/28 | €45,948 | €23,321 | -€22,628 | -49.2% |
| Tangible fixed assets | 22/27 | €45,948 | €23,321 | -€22,628 | -49.2% |
| Plant, machinery and equipment | 23 | €3,060 | €779 | -€2,281 | -74.5% |
| Furniture and vehicles | 24 | €42,888 | €22,541 | -€20,347 | -47.4% |
| Current assets | 29/58 | €278,069 | €288,569 | +€10,501 | +3.8% |
| Amounts receivable after more than one year | 29 | €70,000 | €0 | -€70,000 | -100% |
| Other amounts receivable | 291 | €70,000 | €0 | -€70,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,948 | €4,414 | +€2,466 | +127% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,948 | €4,414 | +€2,466 | +127% |
| Cash at bank and in hand | 54/58 | €206,120 | €284,155 | +€78,035 | +37.9% |
| Total equity and liabilities | 10/49 | €324,017 | €311,890 | -€12,127 | -3.7% |
| Equity | 10/15 | €248,397 | €307,827 | +€59,430 | +23.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €285,118 | €295,427 | +€10,309 | +3.6% |
| Distributable reserves | 133 | €285,118 | €295,427 | +€10,309 | +3.6% |
| Profit (loss) carried forward | 14 | -€49,121 | €0 | +€49,121 | |
| Amounts payable | 17/49 | €75,620 | €4,063 | -€71,557 | -94.6% |
| Amounts payable within one year | 42/48 | €75,620 | €4,063 | -€71,557 | -94.6% |
| Financial debts | 43 | €8 | €23 | +€15 | +190% |
| Credit institutions | 430/8 | €8 | €23 | +€15 | +190% |
| Trade debts | 44 | €591 | €892 | +€301 | +51.0% |
| Suppliers | 440/4 | €591 | €892 | +€301 | +51.0% |
| Taxes, remuneration and social security | 45 | €3,608 | €3,147 | -€460 | -12.8% |
| Taxes | 450/3 | €2,358 | €1,897 | -€460 | -19.5% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €71,413 | €0 | -€71,413 | -100% |
| Remuneration, social security and pensions | 62 | €3,284 | €2,306 | -€978 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,488 | €22,628 | -€860 | -3.7% |
| Other operating charges | 640/8 | €1,587 | €1,642 | +€55 | +3.5% |
| Gross operating margin | 9900 | -€73,780 | €85,097 | +€158,877 | |
| Operating profit (loss) | 9901 | -€102,138 | €58,521 | +€160,659 | |
| Financial income | 75/76B | €2,007 | €2,758 | +€751 | +37.4% |
| Recurring financial income | 75 | €2,007 | €2,758 | +€751 | +37.4% |
| Financial charges | 65/66B | €150 | €504 | +€354 | +236% |
| Recurring financial charges | 65 | €150 | €504 | +€354 | +236% |
| Profit (loss) for the period before taxes | 9903 | -€100,282 | €60,775 | +€161,057 | |
| Income taxes | 67/77 | €323 | €1,345 | +€1,021 | +316% |
| Profit (loss) for the period | 9904 | -€100,605 | €59,430 | +€160,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,605 | €59,430 | +€160,035 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.