TERVILLE: 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.
TERVILLE
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Cash -€272,546
down €272,546 (-96.7%), from €281,966 to €9,420
mainly Current investments (-€400,000) and Tax, wage and social debts (-€57,070)
- Receivables within one year +€20,831
up €20,831 (+78.4%), from €26,577 to €47,407
of which Other amounts receivable: +€13,207
- Tangible fixed assets -€13,451
down €13,451 (-11.5%), from €117,372 to €103,921
- Reserves +€192,000
up €192,000 (+118.7%), from €161,694 to €353,694
of which Distributable reserves: +€192,000
- Tax, wage and social debts -€57,070
down €57,070 (-100.0%), from €57,070 to €0
- Gross operating margin +€276,985
up €276,985 (+2297.7%), from €12,055 to €289,040
- Taxes +€83,327
up €83,327 (+11736.2%), from €710 to €84,037
- Other operating charges +€4,980
up €4,980 (+495.0%), from €1,006 to €5,986
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 | €430,205 | €564,562 | +€134,357 | +31.2% |
| Fixed assets | 21/28 | €117,372 | €103,921 | -€13,451 | -11.5% |
| Tangible fixed assets | 22/27 | €117,372 | €103,921 | -€13,451 | -11.5% |
| Land and buildings | 22 | €117,372 | €103,921 | -€13,451 | -11.5% |
| Current assets | 29/58 | €312,833 | €460,641 | +€147,808 | +47.2% |
| Amounts receivable within one year | 40/41 | €26,577 | €47,407 | +€20,831 | +78.4% |
| Trade receivables | 40 | - | €7,624 | +€7,624 | |
| Other amounts receivable | 41 | €26,577 | €39,784 | +€13,207 | +49.7% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €281,966 | €9,420 | -€272,546 | -96.7% |
| Deferred charges and accrued income | 490/1 | €4,291 | €3,814 | -€476 | -11.1% |
| Total equity and liabilities | 10/49 | €430,205 | €564,562 | +€134,357 | +31.2% |
| Equity | 10/15 | €361,617 | €554,386 | +€192,768 | +53.3% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €161,694 | €353,694 | +€192,000 | +118.7% |
| Non-distributable reserves | 130/1 | €1,844 | €1,844 | = | 0.0% |
| Legal reserve | 130 | €1,844 | €1,844 | = | 0.0% |
| Distributable reserves | 133 | €159,850 | €351,850 | +€192,000 | +120.1% |
| Profit (loss) carried forward | 14 | €1,608 | €2,377 | +€768 | +47.8% |
| Amounts payable | 17/49 | €68,588 | €10,176 | -€58,411 | -85.2% |
| Amounts payable within one year | 42/48 | €67,079 | €10,176 | -€56,902 | -84.8% |
| Current portion of amounts payable after more than one year | 42 | €3,313 | €3,313 | = | 0.0% |
| Trade debts | 44 | €6,696 | €6,863 | +€167 | +2.5% |
| Suppliers | 440/4 | €6,696 | €6,863 | +€167 | +2.5% |
| Taxes, remuneration and social security | 45 | €57,070 | €0 | -€57,070 | -100.0% |
| Taxes | 450/3 | €57,070 | €0 | -€57,070 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,509 | €0 | -€1,509 | -100.0% |
| Non-recurring operating income | 76A | €0 | €273,208 | +€273,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,331 | €6,659 | -€2,672 | -28.6% |
| Other operating charges | 640/8 | €1,006 | €5,986 | +€4,980 | +495.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,055 | €289,040 | +€276,985 | +2297.7% |
| Operating profit (loss) | 9901 | €1,718 | €276,395 | +€274,676 | +15984.6% |
| Financial income | 75/76B | €0 | €812 | +€812 | |
| Recurring financial income | 75 | €0 | €812 | +€812 | |
| Financial charges | 65/66B | €285 | €401 | +€116 | +40.7% |
| Recurring financial charges | 65 | €285 | €401 | +€116 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €1,434 | €276,806 | +€275,372 | +19209.8% |
| Income taxes | 67/77 | €710 | €84,037 | +€83,327 | +11736.2% |
| Profit (loss) for the period | 9904 | €724 | €192,768 | +€192,045 | +26543.9% |
| Profit (loss) for the period to be appropriated | 9905 | €724 | €192,768 | +€192,045 | +26543.9% |
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 8 October 2026 via checked.be.