Tersal: 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.
Tersal
Largest movements
- Tangible fixed assets -€59,763
down €59,763 (-3.3%), from €1.8m to €1.7m
of which Land and buildings: -€50,637
- Profit (loss) carried forward -€64,129
down €64,129 (-12.5%), from -€511,911 to -€576,040
- Other operating charges -€1,289
down €1,289 (-9.1%), from €14,208 to €12,919
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 | €1,806,012 | €1,746,630 | -€59,382 | -3.3% |
| Fixed assets | 21/28 | €1,800,587 | €1,740,824 | -€59,763 | -3.3% |
| Tangible fixed assets | 22/27 | €1,800,587 | €1,740,824 | -€59,763 | -3.3% |
| Land and buildings | 22 | €1,721,411 | €1,670,774 | -€50,637 | -2.9% |
| Plant, machinery and equipment | 23 | €49,569 | €44,399 | -€5,170 | -10.4% |
| Furniture and vehicles | 24 | €29,607 | €25,651 | -€3,956 | -13.4% |
| Current assets | 29/58 | €5,425 | €5,806 | +€381 | +7.0% |
| Cash at bank and in hand | 54/58 | €4,926 | €5,282 | +€356 | +7.2% |
| Deferred charges and accrued income | 490/1 | €499 | €524 | +€25 | +5.0% |
| Total equity and liabilities | 10/49 | €1,806,012 | €1,746,630 | -€59,382 | -3.3% |
| Equity | 10/15 | -€493,311 | -€557,440 | -€64,129 | -13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511,911 | -€576,040 | -€64,129 | -12.5% |
| Amounts payable | 17/49 | €2,299,323 | €2,304,070 | +€4,747 | +0.2% |
| Amounts payable within one year | 42/48 | €2,298,516 | €2,303,550 | +€5,034 | +0.2% |
| Financial debts | 43 | €2,298,286 | €2,303,320 | +€5,034 | +0.2% |
| Other loans | 439 | €2,298,286 | €2,303,320 | +€5,034 | +0.2% |
| Other amounts payable | 47/48 | €230 | €230 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €807 | €520 | -€287 | -35.6% |
| Turnover | 70 | €10,620 | €10,620 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €736 | €657 | -€79 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,049 | €61,113 | +€64 | +0.1% |
| Other operating charges | 640/8 | €14,208 | €12,919 | -€1,289 | -9.1% |
| Gross operating margin | 9900 | €9,884 | €9,963 | +€79 | +0.8% |
| Operating profit (loss) | 9901 | -€65,373 | -€64,069 | +€1,304 | +2.0% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€65,433 | -€64,129 | +€1,304 | +2.0% |
| Profit (loss) for the period | 9904 | -€65,433 | -€64,129 | +€1,304 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,433 | -€64,129 | +€1,304 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.