Terualent: 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.
Terualent
Largest movements
- Cash -€411,630
down €411,630 (-82.7%), from €497,505 to €85,875
mainly Current investments (-€285,158) and Investment in fixed assets (net) (-€212,953)
- Current investments +€285,158
up €285,158 (+24.0%), from €1.2m to €1.5m
- Tangible fixed assets +€119,316
up €119,316 (+6.5%), from €1.8m to €1.9m
of which Land and buildings: +€119,316
- Reserves +€95,286
up €95,286 (+3.1%), from €3.1m to €3.2m
- Debts after one year -€87,968
down €87,968 (-33.0%), from €266,454 to €178,486
- Financial income +€98,116
up €98,116 (+137.5%), from €71,332 to €169,448
- Gross operating margin -€36,698
down €36,698 (-30.7%), from €119,586 to €82,888
- Financial charges +€32,091
up €32,091, from -€14,621 to €17,470
- Depreciation +€25,694
up €25,694 (+37.8%), from €67,943 to €93,637
- Taxes +€10,160
up €10,160 (+44.0%), from €23,105 to €33,265
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 | €3,539,478 | €3,515,261 | -€24,217 | -0.7% |
| Fixed assets | 21/28 | €1,822,637 | €1,941,953 | +€119,316 | +6.5% |
| Tangible fixed assets | 22/27 | €1,822,637 | €1,941,953 | +€119,316 | +6.5% |
| Land and buildings | 22 | €1,818,637 | €1,937,953 | +€119,316 | +6.6% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €1,716,841 | €1,573,308 | -€143,534 | -8.4% |
| Amounts receivable after more than one year | 29 | €7,168 | €0 | -€7,168 | -100.0% |
| Other amounts receivable | 291 | €7,168 | €0 | -€7,168 | -100.0% |
| Amounts receivable within one year | 40/41 | €20,464 | €10,889 | -€9,575 | -46.8% |
| Trade receivables | 40 | - | €1,654 | +€1,654 | |
| Other amounts receivable | 41 | €20,464 | €9,235 | -€11,229 | -54.9% |
| Current investments | 50/53 | €1,187,010 | €1,472,169 | +€285,158 | +24.0% |
| Cash at bank and in hand | 54/58 | €497,505 | €85,875 | -€411,630 | -82.7% |
| Deferred charges and accrued income | 490/1 | €4,694 | €4,375 | -€319 | -6.8% |
| Total equity and liabilities | 10/49 | €3,539,478 | €3,515,261 | -€24,217 | -0.7% |
| Equity | 10/15 | €3,149,309 | €3,244,595 | +€95,286 | +3.0% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €3,122,309 | €3,217,595 | +€95,286 | +3.1% |
| Distributable reserves | 133 | €3,122,309 | €3,217,595 | +€95,286 | +3.1% |
| Amounts payable | 17/49 | €390,169 | €270,666 | -€119,503 | -30.6% |
| Amounts payable after more than one year | 17 | €266,454 | €178,486 | -€87,968 | -33.0% |
| Financial debts | 170/4 | €266,454 | €178,486 | -€87,968 | -33.0% |
| Amounts payable within one year | 42/48 | €116,408 | €90,125 | -€26,284 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €113,545 | €87,968 | -€25,578 | -22.5% |
| Financial debts | 43 | €79 | €0 | -€79 | -100.0% |
| Credit institutions | 430/8 | €79 | €0 | -€79 | -100.0% |
| Trade debts | 44 | €2,154 | €1,527 | -€627 | -29.1% |
| Suppliers | 440/4 | €2,154 | €1,527 | -€627 | -29.1% |
| Advances received on contracts in progress | 46 | €450 | €450 | = | 0.0% |
| Other amounts payable | 47/48 | €180 | €180 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,307 | €2,055 | -€5,252 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,943 | €93,637 | +€25,694 | +37.8% |
| Other operating charges | 640/8 | €12,198 | €12,677 | +€480 | +3.9% |
| Gross operating margin | 9900 | €119,586 | €82,888 | -€36,698 | -30.7% |
| Operating profit (loss) | 9901 | €39,445 | -€23,427 | -€62,872 | |
| Financial income | 75/76B | €71,332 | €169,448 | +€98,116 | +137.5% |
| Recurring financial income | 75 | €71,332 | €169,448 | +€98,116 | +137.5% |
| Financial charges | 65/66B | -€14,621 | €17,470 | +€32,091 | |
| Recurring financial charges | 65 | -€14,621 | €17,470 | +€32,091 | |
| Profit (loss) for the period before taxes | 9903 | €125,398 | €128,551 | +€3,153 | +2.5% |
| Income taxes | 67/77 | €23,105 | €33,265 | +€10,160 | +44.0% |
| Profit (loss) for the period | 9904 | €102,293 | €95,286 | -€7,007 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,293 | €95,286 | -€7,007 | -6.8% |
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.