TERSIS: 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.
TERSIS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€898,218
up €898,218 (+97.7%), from €919,182 to €1.8m
- Profit (loss) carried forward -€861,528
down €861,528 (-74.9%), from €1.1m to €287,957
- Debts after one year -€65,890
down €65,890 (-5.9%), from €1.1m to €1.0m
- Financial income -€465,654
down €465,654 (-85.6%), from €543,959 to €78,305
- Turnover +€119,157
new in 2025: €119,157
- Depreciation -€77,368
down €77,368 (-79.4%), from €97,444 to €20,076
- Gross operating margin +€52,173
up €52,173 (+90.0%), from €57,958 to €110,132
- Taxes +€13,500
new in 2025: €13,500
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 | €3,583,505 | €3,564,145 | -€19,360 | -0.5% |
| Fixed assets | 21/28 | €3,564,259 | €3,546,183 | -€18,076 | -0.5% |
| Tangible fixed assets | 22/27 | €1,495,424 | €1,477,348 | -€18,076 | -1.2% |
| Land and buildings | 22 | €1,478,429 | €1,460,403 | -€18,026 | -1.2% |
| Other tangible fixed assets | 26 | €16,994 | €16,944 | -€50 | -0.3% |
| Financial fixed assets | 28 | €2,068,835 | €2,068,835 | = | 0.0% |
| Current assets | 29/58 | €19,247 | €17,962 | -€1,284 | -6.7% |
| Cash at bank and in hand | 54/58 | €19,247 | €17,962 | -€1,284 | -6.7% |
| Total equity and liabilities | 10/49 | €3,583,505 | €3,564,145 | -€19,360 | -0.5% |
| Equity | 10/15 | €1,480,585 | €619,057 | -€861,528 | -58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,500 | €312,500 | = | 0.0% |
| Distributable reserves | 133 | €312,500 | €312,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,149,485 | €287,957 | -€861,528 | -74.9% |
| Amounts payable | 17/49 | €2,102,920 | €2,945,088 | +€842,168 | +40.0% |
| Amounts payable after more than one year | 17 | €1,114,189 | €1,048,299 | -€65,890 | -5.9% |
| Financial debts | 170/4 | €1,114,189 | €1,048,299 | -€65,890 | -5.9% |
| Amounts payable within one year | 42/48 | €988,731 | €1,896,789 | +€908,058 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €65,464 | €65,890 | +€426 | +0.7% |
| Financial debts | 43 | €4,085 | - | -€4,085 | |
| Other loans | 439 | €4,085 | - | -€4,085 | |
| Taxes, remuneration and social security | 45 | - | €13,500 | +€13,500 | |
| Taxes | 450/3 | - | €13,500 | +€13,500 | |
| Other amounts payable | 47/48 | €919,182 | €1,817,399 | +€898,218 | +97.7% |
| Turnover | 70 | - | €119,157 | +€119,157 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,026 | +€9,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,444 | €20,076 | -€77,368 | -79.4% |
| Other operating charges | 640/8 | €1,583 | €6,570 | +€4,987 | +315.0% |
| Gross operating margin | 9900 | €57,958 | €110,132 | +€52,173 | +90.0% |
| Operating profit (loss) | 9901 | -€41,069 | €83,485 | +€124,554 | |
| Financial income | 75/76B | €543,959 | €78,305 | -€465,654 | -85.6% |
| Recurring financial income | 75 | €543,959 | €78,305 | -€465,654 | -85.6% |
| Financial charges | 65/66B | €28,332 | €29,818 | +€1,487 | +5.2% |
| Recurring financial charges | 65 | €28,332 | €29,818 | +€1,487 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €474,558 | €131,972 | -€342,586 | -72.2% |
| Income taxes | 67/77 | - | €13,500 | +€13,500 | |
| Profit (loss) for the period | 9904 | €474,558 | €118,472 | -€356,086 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €474,558 | €118,472 | -€356,086 | -75.0% |
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 11 October 2026 via checked.be.