TerUsus: 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.
TerUsus
Largest movements
- Receivables within one year -€887,342
down €887,342 (-16.6%), from €5.4m to €4.5m
- Cash +€816,719
up €816,719 (+3805.5%), from €21,462 to €838,180
mainly Receivables within one year (+€887,342) and Net result for the year (+€568,276)
- Deferred charges and accrued income +€265,342
up €265,342 (+7715.8%), from €3,439 to €268,781
- Profit (loss) carried forward +€568,276
up €568,276 (+26.9%), from €2.1m to €2.7m
- Tax, wage and social debts -€190,113
down €190,113 (-18.5%), from €1.0m to €839,253
of which Taxes: -€212,806
- Trade debts -€153,445
down €153,445 (-7.9%), from €1.9m to €1.8m
- Turnover -€18.8m
no longer reported in 2025 (was €18.8m)
- Purchases and services -€15.8m
no longer reported in 2025 (was €15.8m)
- Staff costs +€251,051
up €251,051 (+16.2%), from €1.6m to €1.8m
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 | €5,902,855 | €6,077,261 | +€174,406 | +3.0% |
| Fixed assets | 21/28 | €135,004 | €75,609 | -€59,394 | -44.0% |
| Tangible fixed assets | 22/27 | €131,222 | €71,828 | -€59,394 | -45.3% |
| Plant, machinery and equipment | 23 | €21,063 | €14,198 | -€6,865 | -32.6% |
| Furniture and vehicles | 24 | €110,159 | €57,630 | -€52,530 | -47.7% |
| Financial fixed assets | 28 | €3,781 | €3,781 | = | 0.0% |
| Current assets | 29/58 | €5,767,852 | €6,001,652 | +€233,800 | +4.1% |
| Stocks and contracts in progress | 3 | €385,026 | €424,107 | +€39,081 | +10.2% |
| Stocks | 30/36 | €385,026 | €424,107 | +€39,081 | +10.2% |
| Amounts receivable within one year | 40/41 | €5,357,925 | €4,470,583 | -€887,342 | -16.6% |
| Trade receivables | 40 | €5,357,925 | €4,470,583 | -€887,342 | -16.6% |
| Cash at bank and in hand | 54/58 | €21,462 | €838,180 | +€816,719 | +3805.5% |
| Deferred charges and accrued income | 490/1 | €3,439 | €268,781 | +€265,342 | +7715.8% |
| Total equity and liabilities | 10/49 | €5,902,855 | €6,077,261 | +€174,406 | +3.0% |
| Equity | 10/15 | €2,192,840 | €2,761,116 | +€568,276 | +25.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,110,340 | €2,678,616 | +€568,276 | +26.9% |
| Amounts payable | 17/49 | €3,710,016 | €3,316,145 | -€393,870 | -10.6% |
| Amounts payable after more than one year | 17 | €82,784 | €42,088 | -€40,696 | -49.2% |
| Financial debts | 170/4 | €82,784 | €42,088 | -€40,696 | -49.2% |
| Amounts payable within one year | 42/48 | €3,627,232 | €3,274,058 | -€353,174 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €126,769 | €116,239 | -€10,530 | -8.3% |
| Financial debts | 43 | €524,438 | €525,351 | +€912 | +0.2% |
| Credit institutions | 430/8 | €524,438 | €525,351 | +€912 | +0.2% |
| Trade debts | 44 | €1,946,660 | €1,793,215 | -€153,445 | -7.9% |
| Suppliers | 440/4 | €1,946,660 | €1,793,215 | -€153,445 | -7.9% |
| Taxes, remuneration and social security | 45 | €1,029,365 | €839,253 | -€190,113 | -18.5% |
| Taxes | 450/3 | €855,667 | €642,861 | -€212,806 | -24.9% |
| Remuneration and social security | 454/9 | €173,699 | €196,392 | +€22,693 | +13.1% |
| Turnover | 70 | €18,785,016 | - | -€18.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,782,852 | - | -€15.8m | |
| Remuneration, social security and pensions | 62 | €1,554,357 | €1,805,408 | +€251,051 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,355 | €59,394 | -€3,961 | -6.3% |
| Other operating charges | 640/8 | €415 | €2,239 | +€1,824 | +440.0% |
| Non-recurring operating charges | 66A | - | €132,412 | +€132,412 | |
| Gross operating margin | 9900 | €3,002,164 | €2,997,106 | -€5,058 | -0.2% |
| Operating profit (loss) | 9901 | €1,384,038 | €997,653 | -€386,385 | -27.9% |
| Financial charges | 65/66B | €159,267 | €143,256 | -€16,011 | -10.1% |
| Recurring financial charges | 65 | €159,267 | €143,256 | -€16,011 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €1,224,771 | €854,397 | -€370,374 | -30.2% |
| Income taxes | 67/77 | €355,772 | €286,121 | -€69,651 | -19.6% |
| Profit (loss) for the period | 9904 | €868,999 | €568,276 | -€300,723 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €868,999 | €568,276 | -€300,723 | -34.6% |
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 1 October 2026 via checked.be.