TERTSA: 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.
TERTSA
Largest movements
- Tangible fixed assets -€7,269
down €7,269 (-5.6%), from €128,700 to €121,431
- Debts after one year -€11,300
down €11,300 (-20.5%), from €55,188 to €43,888
of which Financial debts: -€7,300
- Profit (loss) carried forward +€5,415
up €5,415 (+6.0%), from -€90,735 to -€85,321
- Gross operating margin +€357
up €357 (+1.6%), from €22,740 to €23,097
- Depreciation +€353
up €353 (+2.4%), from €14,635 to €14,988
- Other operating charges +€243
up €243 (+5.6%), from €4,354 to €4,596
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,303 | €133,397 | -€5,906 | -4.2% |
| Fixed assets | 21/28 | €128,700 | €121,431 | -€7,269 | -5.6% |
| Tangible fixed assets | 22/27 | €128,700 | €121,431 | -€7,269 | -5.6% |
| Land and buildings | 22 | €128,700 | €121,431 | -€7,269 | -5.6% |
| Current assets | 29/58 | €10,603 | €11,965 | +€1,363 | +12.9% |
| Cash at bank and in hand | 54/58 | €10,603 | €11,965 | +€1,363 | +12.9% |
| Total equity and liabilities | 10/49 | €139,303 | €133,397 | -€5,906 | -4.2% |
| Equity | 10/15 | €76,265 | €81,679 | +€5,415 | +7.1% |
| Contributions | 10/11 | €167,000 | €167,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,735 | -€85,321 | +€5,415 | +6.0% |
| Amounts payable | 17/49 | €63,038 | €51,717 | -€11,321 | -18.0% |
| Amounts payable after more than one year | 17 | €55,188 | €43,888 | -€11,300 | -20.5% |
| Financial debts | 170/4 | €15,359 | €8,059 | -€7,300 | -47.5% |
| Other amounts payable | 178/9 | €39,829 | €35,829 | -€4,000 | -10.0% |
| Amounts payable within one year | 42/48 | €7,851 | €7,830 | -€21 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €7,173 | €7,300 | +€127 | +1.8% |
| Trade debts | 44 | €678 | €530 | -€148 | -21.9% |
| Suppliers | 440/4 | €678 | €530 | -€148 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,635 | €14,988 | +€353 | +2.4% |
| Other operating charges | 640/8 | €4,354 | €4,596 | +€243 | +5.6% |
| Gross operating margin | 9900 | €22,740 | €23,097 | +€357 | +1.6% |
| Operating profit (loss) | 9901 | €3,751 | €3,513 | -€239 | -6.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €557 | €631 | +€74 | +13.3% |
| Recurring financial charges | 65 | €557 | €631 | +€74 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €3,195 | €2,882 | -€313 | -9.8% |
| Profit (loss) for the period | 9904 | €3,195 | €2,882 | -€313 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,195 | €2,882 | -€313 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.