TERU: 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.
TERU
Largest movements
- Cash +€27,787
up €27,787 (+20.7%), from €134,198 to €161,984
mainly Net result for the year (+€34,073) and Tax, wage and social debts (+€6,697)
- Stocks and contracts +€6,439
new in 2025: €6,439
- Receivables within one year +€4,337
up €4,337 (+37.1%), from €11,689 to €16,026
- Profit (loss) carried forward +€34,073
up €34,073 (+95.0%), from €35,856 to €69,929
- Tax, wage and social debts +€6,697
up €6,697 (+100.1%), from €6,687 to €13,385
- Trade debts -€2,954
down €2,954 (-32.7%), from €9,044 to €6,090
- Gross operating margin +€8,985
up €8,985 (+21.8%), from €41,286 to €50,271
- Taxes +€6,946
up €6,946 (+107.9%), from €6,439 to €13,385
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 | €146,793 | €184,609 | +€37,816 | +25.8% |
| Fixed assets | 21/28 | €160 | €160 | = | 0.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €146,633 | €184,449 | +€37,816 | +25.8% |
| Stocks and contracts in progress | 3 | - | €6,439 | +€6,439 | |
| Stocks | 30/36 | - | €6,439 | +€6,439 | |
| Amounts receivable within one year | 40/41 | €11,689 | €16,026 | +€4,337 | +37.1% |
| Other amounts receivable | 41 | €11,689 | €16,026 | +€4,337 | +37.1% |
| Cash at bank and in hand | 54/58 | €134,198 | €161,984 | +€27,787 | +20.7% |
| Deferred charges and accrued income | 490/1 | €746 | - | -€746 | |
| Total equity and liabilities | 10/49 | €146,793 | €184,609 | +€37,816 | +25.8% |
| Equity | 10/15 | €43,916 | €77,989 | +€34,073 | +77.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,856 | €69,929 | +€34,073 | +95.0% |
| Amounts payable | 17/49 | €102,877 | €106,620 | +€3,743 | +3.6% |
| Amounts payable within one year | 42/48 | €102,877 | €106,620 | +€3,743 | +3.6% |
| Trade debts | 44 | €9,044 | €6,090 | -€2,954 | -32.7% |
| Suppliers | 440/4 | €9,044 | €6,090 | -€2,954 | -32.7% |
| Taxes, remuneration and social security | 45 | €6,687 | €13,385 | +€6,697 | +100.1% |
| Taxes | 450/3 | €6,687 | €13,385 | +€6,697 | +100.1% |
| Other amounts payable | 47/48 | €87,146 | €87,146 | = | 0.0% |
| Other operating charges | 640/8 | €1,042 | €554 | -€488 | -46.9% |
| Gross operating margin | 9900 | €41,286 | €50,271 | +€8,985 | +21.8% |
| Operating profit (loss) | 9901 | €40,244 | €49,717 | +€9,473 | +23.5% |
| Financial income | 75/76B | €260 | - | -€260 | |
| Recurring financial income | 75 | €260 | - | -€260 | |
| Financial charges | 65/66B | €2,136 | €2,259 | +€123 | +5.8% |
| Recurring financial charges | 65 | €2,136 | €2,259 | +€123 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €38,367 | €47,458 | +€9,090 | +23.7% |
| Income taxes | 67/77 | €6,439 | €13,385 | +€6,946 | +107.9% |
| Profit (loss) for the period | 9904 | €31,929 | €34,073 | +€2,144 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,929 | €34,073 | +€2,144 | +6.7% |
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 12 October 2026 via checked.be.