Terval: 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.
Terval
Largest movements
- Cash -€2,311
down €2,311 (-1.5%), from €159,009 to €156,698
mainly Net result for the year (-€2,695) and Tax, wage and social debts (-€1,563)
- Profit (loss) carried forward -€2,695
down €2,695 (-13.1%), from €20,617 to €17,922
- Other debts +€2,348
up €2,348 (+5.5%), from €42,751 to €45,099
- Gross operating margin -€4,427
down €4,427 (-84.1%), from €5,266 to €839
- Financial charges -€916
down €916 (-27.0%), from €3,392 to €2,476
- Depreciation -€333
down €333 (-67.0%), from €497 to €164
- Financial income +€90
up €90 (+12.6%), from €714 to €804
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 | €219,572 | €217,241 | -€2,331 | -1.1% |
| Fixed assets | 21/28 | €56,963 | €56,799 | -€164 | -0.3% |
| Tangible fixed assets | 22/27 | €56,963 | €56,799 | -€164 | -0.3% |
| Land and buildings | 22 | €56,520 | €56,520 | = | 0.0% |
| Other tangible fixed assets | 26 | €443 | €279 | -€164 | -37.0% |
| Current assets | 29/58 | €162,609 | €160,442 | -€2,167 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,219 | €3,360 | +€141 | +4.4% |
| Trade receivables | 40 | €2,904 | €2,904 | = | 0.0% |
| Other amounts receivable | 41 | €315 | €456 | +€141 | +44.6% |
| Cash at bank and in hand | 54/58 | €159,009 | €156,698 | -€2,311 | -1.5% |
| Deferred charges and accrued income | 490/1 | €381 | €385 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €219,572 | €217,241 | -€2,331 | -1.1% |
| Equity | 10/15 | €170,593 | €167,898 | -€2,695 | -1.6% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €13,634 | €13,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,617 | €17,922 | -€2,695 | -13.1% |
| Amounts payable | 17/49 | €48,979 | €49,343 | +€364 | +0.7% |
| Amounts payable within one year | 42/48 | €45,015 | €46,896 | +€1,881 | +4.2% |
| Trade debts | 44 | €584 | €1,681 | +€1,097 | +187.8% |
| Suppliers | 440/4 | €584 | €1,681 | +€1,097 | +187.8% |
| Taxes, remuneration and social security | 45 | €1,680 | €117 | -€1,563 | -93.0% |
| Taxes | 450/3 | €1,680 | €117 | -€1,563 | -93.0% |
| Other amounts payable | 47/48 | €42,751 | €45,099 | +€2,348 | +5.5% |
| Accrued charges and deferred income | 492/3 | €3,964 | €2,447 | -€1,518 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €164 | -€333 | -67.0% |
| Other operating charges | 640/8 | €1,648 | €1,698 | +€51 | +3.1% |
| Gross operating margin | 9900 | €5,266 | €839 | -€4,427 | -84.1% |
| Operating profit (loss) | 9901 | €3,121 | -€1,024 | -€4,145 | |
| Financial income | 75/76B | €714 | €804 | +€90 | +12.6% |
| Recurring financial income | 75 | €714 | €804 | +€90 | +12.6% |
| Financial charges | 65/66B | €3,392 | €2,476 | -€916 | -27.0% |
| Recurring financial charges | 65 | €3,392 | €2,476 | -€916 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €444 | -€2,695 | -€3,139 | |
| Profit (loss) for the period | 9904 | €444 | -€2,695 | -€3,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €444 | -€2,695 | -€3,139 |
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 4 October 2026 via checked.be.