Tervueren 142: what changed
What changed
Tervueren 142
filed annual accounts (NBB)
Net result for the year
-€230,502
2024 · -€244,280+€13,778
Equity
-€948,988
2024 · -€718,486-€230,502
Cash
€35,481
2024 · €2,394+€33,088
Balance sheet total
€6.8m
2024 · €7.2m-€347,687
Largest movements
Assets
- Tangible fixed assets -€317,441
down €317,441 (-7.2%), from €4.4m to €4.1m
- Receivables within one year -€71,823
down €71,823 (-76.4%), from €93,972 to €22,149
Equity and liabilities
- Profit (loss) carried forward -€230,502
down €230,502 (-31.9%), from -€723,486 to -€953,988
- Debts after one year -€136,779
down €136,779 (-1.8%), from €7.6m to €7.5m
of which Financial debts: -€200,000
Income statement
- Financial charges -€99,950
down €99,950 (-24.6%), from €405,641 to €305,691
- Gross operating margin -€59,000
down €59,000 (-8.4%), from €703,336 to €644,336
- Other operating charges +€26,202
up €26,202 (+11.7%), from €223,984 to €250,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€244,280
Gross operating margin
-€59,000
Depreciation
-€413
Other operating charges
-€26,202
Financial income
-€557
Financial charges
+€99,950
Result 2025
-€230,502
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€169,211
Investment
+€656
Financing
-€136,779
Cash 2024
€2,394
From operations (derived)
+€169,211
Net result for the year
-€230,502
Depreciation
+€321,574
Receivables within one year
+€71,823
Deferred charges and accrued income
-€13,278
Trade debts
+€31,038
Accrued charges and deferred income
-€11,443
Investment (derived)
+€656
Investment in fixed assets (net)
+€656
Financing
-€136,779
Debts after one year
-€136,779
Cash 2025
€35,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,152,109 | €6,804,422 | -€347,687 | -4.9% |
| Fixed assets | 21/28 | €7,055,371 | €6,733,142 | -€322,229 | -4.6% |
| Tangible fixed assets | 22/27 | €4,398,678 | €4,081,237 | -€317,441 | -7.2% |
| Other tangible fixed assets | 26 | €4,398,678 | €4,081,237 | -€317,441 | -7.2% |
| Financial fixed assets | 28 | €2,656,693 | €2,651,905 | -€4,788 | -0.2% |
| Current assets | 29/58 | €96,737 | €71,280 | -€25,458 | -26.3% |
| Amounts receivable within one year | 40/41 | €93,972 | €22,149 | -€71,823 | -76.4% |
| Trade receivables | 40 | €93,972 | €22,149 | -€71,823 | -76.4% |
| Cash at bank and in hand | 54/58 | €2,394 | €35,481 | +€33,088 | +1,382% |
| Deferred charges and accrued income | 490/1 | €372 | €13,649 | +€13,278 | +3,573% |
| Total equity and liabilities | 10/49 | €7,152,109 | €6,804,422 | -€347,687 | -4.9% |
| Equity | 10/15 | -€718,486 | -€948,988 | -€230,502 | -32.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€723,486 | -€953,988 | -€230,502 | -31.9% |
| Amounts payable | 17/49 | €7,870,595 | €7,753,410 | -€117,185 | -1.5% |
| Amounts payable after more than one year | 17 | €7,606,165 | €7,469,386 | -€136,779 | -1.8% |
| Financial debts | 170/4 | €5,790,000 | €5,590,000 | -€200,000 | -3.5% |
| Other amounts payable | 178/9 | €1,816,165 | €1,879,386 | +€63,221 | +3.5% |
| Amounts payable within one year | 42/48 | €216,439 | €247,477 | +€31,038 | +14.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €16,439 | €47,477 | +€31,038 | +189% |
| Suppliers | 440/4 | €16,439 | €47,477 | +€31,038 | +189% |
| Accrued charges and deferred income | 492/3 | €47,991 | €36,547 | -€11,443 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,160 | €321,574 | +€413 | +0.1% |
| Other operating charges | 640/8 | €223,984 | €250,186 | +€26,202 | +11.7% |
| Gross operating margin | 9900 | €703,336 | €644,336 | -€59,000 | -8.4% |
| Operating profit (loss) | 9901 | €158,192 | €72,577 | -€85,615 | -54.1% |
| Financial income | 75/76B | €3,169 | €2,612 | -€557 | -17.6% |
| Recurring financial income | 75 | €3,169 | €2,612 | -€557 | -17.6% |
| Financial charges | 65/66B | €405,641 | €305,691 | -€99,950 | -24.6% |
| Recurring financial charges | 65 | €405,641 | €305,691 | -€99,950 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€244,280 | -€230,502 | +€13,778 | +5.6% |
| Profit (loss) for the period | 9904 | -€244,280 | -€230,502 | +€13,778 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€244,280 | -€230,502 | +€13,778 | +5.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.