Terry Invest: what changed
What changed
Terry Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€208,463
2024 · €85,801+€122,662
Equity
€5.3m
2024 · €1.3m+€4.0m
Cash
€9,956
2024 · €37,842-€27,886
Balance sheet total
€7.3m
2024 · €3.9m+€3.4m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+166%), from €1.4m to €3.8m
of which Other amounts receivable: +€2.3m
- Tangible fixed assets +€1.0m
up €1.0m (+43.3%), from €2.4m to €3.5m
of which Land and buildings: +€1.1m
Equity and liabilities
- Reserves +€4.0m
up €4.0m (+322%), from €1.2m to €5.2m
of which Distributable reserves: +€3.9m
- Other debts -€1.7m
down €1.7m (-85.9%), from €2.0m to €276,012
- Debts after one year +€648,289
up €648,289 (+208%), from €312,203 to €960,492
- Trade debts +€376,925
up €376,925 (+196%), from €192,522 to €569,447
Income statement
- Gross operating margin +€127,722
up €127,722 (+33.6%), from €380,230 to €507,952
- Financial income +€52,465
up €52,465 (+273%), from €19,225 to €71,690
- Financial charges -€50,926
down €50,926 (-58.1%), from €87,588 to €36,662
- Depreciation +€50,282
up €50,282 (+30.4%), from €165,341 to €215,623
- Taxes +€32,383
up €32,383 (+146%), from €22,111 to €54,494
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.
Result 2024
€85,801
Gross operating margin
+€127,722
Depreciation
-€50,282
Other operating charges
-€24,932
Other operating items
-€855
Financial income
+€52,465
Financial charges
+€50,926
Taxes
-€32,383
Result 2025
€208,463
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.2m
Investment
-€1.3m
Financing
+€4.5m
Cash 2024
€37,842
From operations (derived)
-€3.2m
Net result for the year
+€208,463
Depreciation
+€215,623
Receivables within one year
-€2.4m
Smaller working-capital items
-€3,099
Trade debts
+€376,925
Tax, wage and social debts
+€21,921
Advances received
+€9,766
Other debts
-€1.7m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€4.5m
Debts after one year
+€648,289
Current portion of long-term debt
+€15,530
Contributions, distributions and other
+€3.8m
Cash 2025
€9,956
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,898,339 | €7,314,083 | +€3.4m | +87.6% |
| Fixed assets | 21/28 | €2,411,683 | €3,455,243 | +€1.0m | +43.3% |
| Tangible fixed assets | 22/27 | €2,411,373 | €3,454,933 | +€1.0m | +43.3% |
| Land and buildings | 22 | €2,305,310 | €3,377,279 | +€1.1m | +46.5% |
| Plant, machinery and equipment | 23 | €367 | - | -€367 | |
| Furniture and vehicles | 24 | €105,696 | €77,654 | -€28,042 | -26.5% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €1,486,656 | €3,858,840 | +€2.4m | +160% |
| Amounts receivable within one year | 40/41 | €1,440,975 | €3,836,001 | +€2.4m | +166% |
| Trade receivables | 40 | €701,835 | €770,688 | +€68,853 | +9.8% |
| Other amounts receivable | 41 | €739,141 | €3,065,313 | +€2.3m | +315% |
| Cash at bank and in hand | 54/58 | €37,842 | €9,956 | -€27,886 | -73.7% |
| Deferred charges and accrued income | 490/1 | €7,839 | €12,883 | +€5,044 | +64.3% |
| Total equity and liabilities | 10/49 | €3,898,339 | €7,314,083 | +€3.4m | +87.6% |
| Equity | 10/15 | €1,252,269 | €5,275,010 | +€4.0m | +321% |
| Contributions | 10/11 | €18,550 | €65,035 | +€46,485 | +251% |
| Reserves | 13 | €1,233,719 | €5,209,975 | +€4.0m | +322% |
| Tax-exempt reserves | 132 | €33,846 | €75,328 | +€41,482 | +123% |
| Distributable reserves | 133 | €1,199,873 | €5,134,647 | +€3.9m | +328% |
| Amounts payable | 17/49 | €2,646,070 | €2,039,073 | -€606,997 | -22.9% |
| Amounts payable after more than one year | 17 | €312,203 | €960,492 | +€648,289 | +208% |
| Financial debts | 170/4 | €312,203 | €960,492 | +€648,289 | +208% |
| Amounts payable within one year | 42/48 | €2,330,337 | €1,073,107 | -€1.3m | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €126,607 | €142,137 | +€15,530 | +12.3% |
| Trade debts | 44 | €192,522 | €569,447 | +€376,925 | +196% |
| Suppliers | 440/4 | €192,522 | €569,447 | +€376,925 | +196% |
| Advances received on contracts in progress | 46 | €4,000 | €13,766 | +€9,766 | +244% |
| Taxes, remuneration and social security | 45 | €49,824 | €71,745 | +€21,921 | +44.0% |
| Taxes | 450/3 | €49,824 | €71,745 | +€21,921 | +44.0% |
| Other amounts payable | 47/48 | €1,957,384 | €276,012 | -€1.7m | -85.9% |
| Accrued charges and deferred income | 492/3 | €3,530 | €5,474 | +€1,944 | +55.1% |
| Non-recurring operating income | 76A | €16,553 | - | -€16,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,341 | €215,623 | +€50,282 | +30.4% |
| Other operating charges | 640/8 | €38,613 | €63,545 | +€24,932 | +64.6% |
| Non-recurring operating charges | 66A | - | €855 | +€855 | |
| Gross operating margin | 9900 | €380,230 | €507,952 | +€127,722 | +33.6% |
| Operating profit (loss) | 9901 | €176,275 | €227,929 | +€51,654 | +29.3% |
| Financial income | 75/76B | €19,225 | €71,690 | +€52,465 | +273% |
| Recurring financial income | 75 | €19,225 | €71,690 | +€52,465 | +273% |
| Financial charges | 65/66B | €87,588 | €36,662 | -€50,926 | -58.1% |
| Recurring financial charges | 65 | €87,588 | €36,662 | -€50,926 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €107,913 | €262,957 | +€155,044 | +144% |
| Income taxes | 67/77 | €22,111 | €54,494 | +€32,383 | +146% |
| Profit (loss) for the period | 9904 | €85,801 | €208,463 | +€122,662 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €85,801 | €208,463 | +€122,662 | +143% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.