TERRYN & PARTNERS: 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.
TERRYN & PARTNERS
Largest movements
- Receivables within one year -€373,557
down €373,557 (-63.3%), from €590,442 to €216,885
of which Trade receivables: -€421,221
- Cash -€65,945
down €65,945 (-28.9%), from €228,107 to €162,162
mainly Trade debts (-€380,506) and Contributions, distributions and other (-€340,000)
- Tangible fixed assets -€12,033
down €12,033 (-17.2%), from €69,785 to €57,752
of which Other tangible fixed assets: -€8,809
- Trade debts -€380,506
down €380,506 (-75.0%), from €507,206 to €126,700
- Other debts -€38,000
down €38,000 (-10.1%), from €378,000 to €340,000
- Tax, wage and social debts -€19,193
down €19,193 (-27.7%), from €69,171 to €49,978
of which Taxes: -€25,513
- Gross operating margin -€50,689
down €50,689 (-7.5%), from €680,006 to €629,317
- Staff costs -€14,298
down €14,298 (-5.4%), from €264,692 to €250,394
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 | €1,065,487 | €619,766 | -€445,721 | -41.8% |
| Fixed assets | 21/28 | €101,429 | €88,819 | -€12,609 | -12.4% |
| Intangible fixed assets | 21 | €31,643 | €31,068 | -€576 | -1.8% |
| Tangible fixed assets | 22/27 | €69,785 | €57,752 | -€12,033 | -17.2% |
| Plant, machinery and equipment | 23 | €9,001 | €6,379 | -€2,622 | -29.1% |
| Furniture and vehicles | 24 | €11,518 | €10,916 | -€602 | -5.2% |
| Other tangible fixed assets | 26 | €49,266 | €40,457 | -€8,809 | -17.9% |
| Current assets | 29/58 | €964,059 | €530,947 | -€433,112 | -44.9% |
| Amounts receivable within one year | 40/41 | €590,442 | €216,885 | -€373,557 | -63.3% |
| Trade receivables | 40 | €589,581 | €168,360 | -€421,221 | -71.4% |
| Other amounts receivable | 41 | €861 | €48,525 | +€47,664 | +5,538% |
| Current investments | 50/53 | €145,000 | €150,000 | +€5,000 | +3.4% |
| Cash at bank and in hand | 54/58 | €228,107 | €162,162 | -€65,945 | -28.9% |
| Deferred charges and accrued income | 490/1 | €510 | €1,900 | +€1,390 | +273% |
| Total equity and liabilities | 10/49 | €1,065,487 | €619,766 | -€445,721 | -41.8% |
| Equity | 10/15 | €94,315 | €95,411 | +€1,096 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,715 | €76,811 | +€1,096 | +1.4% |
| Distributable reserves | 133 | €75,715 | €76,811 | +€1,096 | +1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €971,172 | €524,355 | -€446,817 | -46.0% |
| Amounts payable after more than one year | 17 | €7,678 | €0 | -€7,678 | -100% |
| Financial debts | 170/4 | €7,678 | €0 | -€7,678 | -100% |
| Amounts payable within one year | 42/48 | €963,495 | €524,355 | -€439,139 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €9,118 | €7,678 | -€1,441 | -15.8% |
| Trade debts | 44 | €507,206 | €126,700 | -€380,506 | -75.0% |
| Suppliers | 440/4 | €507,206 | €126,700 | -€380,506 | -75.0% |
| Taxes, remuneration and social security | 45 | €69,171 | €49,978 | -€19,193 | -27.7% |
| Taxes | 450/3 | €42,590 | €17,077 | -€25,513 | -59.9% |
| Remuneration and social security | 454/9 | €26,581 | €32,901 | +€6,320 | +23.8% |
| Other amounts payable | 47/48 | €378,000 | €340,000 | -€38,000 | -10.1% |
| Remuneration, social security and pensions | 62 | €264,692 | €250,394 | -€14,298 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,828 | €30,454 | +€2,626 | +9.4% |
| Other operating charges | 640/8 | €4,638 | €4,539 | -€99 | -2.1% |
| Gross operating margin | 9900 | €680,006 | €629,317 | -€50,689 | -7.5% |
| Operating profit (loss) | 9901 | €382,848 | €343,930 | -€38,918 | -10.2% |
| Financial income | 75/76B | €3,102 | €3,487 | +€385 | +12.4% |
| Recurring financial income | 75 | €3,102 | €3,487 | +€385 | +12.4% |
| Financial charges | 65/66B | €440 | €405 | -€35 | -7.8% |
| Recurring financial charges | 65 | €440 | €405 | -€35 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €385,510 | €347,012 | -€38,499 | -10.0% |
| Income taxes | 67/77 | €6,554 | €5,916 | -€638 | -9.7% |
| Profit (loss) for the period | 9904 | €378,956 | €341,096 | -€37,861 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €378,956 | €341,096 | -€37,861 | -10.0% |
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 28 October 2026 via checked.be.