TRI - TERRE: 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.
TRI - TERRE
Largest movements
- Tangible fixed assets -€514,669
down €514,669 (-25.9%), from €2.0m to €1.5m
of which Plant, machinery and equipment: -€372,404
- Receivables within one year -€431,208
down €431,208 (-22.0%), from €2.0m to €1.5m
of which Trade receivables: -€483,320
- Cash -€248,688
down €248,688 (-80.8%), from €307,829 to €59,141
mainly Net result for the year (-€738,229) and Debts after one year (-€143,539)
- Financial fixed assets +€150,000
up €150,000 (+2,236%), from €6,708 to €156,708
- Profit (loss) carried forward -€738,229
down €738,229 (-94.9%), from -€778,216 to -€1.5m
- Debts after one year -€143,539
down €143,539 (-20.8%), from €690,116 to €546,576
- Investment grants -€118,143
down €118,143 (-99.0%), from €119,380 to €1,237
- Trade debts -€71,206
down €71,206 (-4.2%), from €1.7m to €1.6m
- Write-downs +€354,367
up €354,367 (+218,745%), from €162 to €354,529
- Other operating charges +€78,276
up €78,276 (+77.3%), from €101,326 to €179,602
- Depreciation -€16,115
down €16,115 (-6.3%), from €254,152 to €238,037
- Financial income +€11,614
up €11,614 (+64.4%), from €18,038 to €29,652
- Staff costs +€10,915
up €10,915 (+1.7%), from €659,649 to €670,564
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.
Derived cash bridge
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 | €4,391,594 | €3,315,196 | -€1.1m | -24.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,990,876 | €1,626,208 | -€364,669 | -18.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,984,168 | €1,469,500 | -€514,669 | -25.9% |
| Land and buildings | 22 | €218,569 | €201,475 | -€17,094 | -7.8% |
| Plant, machinery and equipment | 23 | €967,868 | €595,465 | -€372,404 | -38.5% |
| Furniture and vehicles | 24 | €6,924 | €2,725 | -€4,199 | -60.6% |
| Leasing and similar rights | 25 | €771,335 | €667,455 | -€103,880 | -13.5% |
| Assets under construction and advance payments | 27 | €19,473 | €2,381 | -€17,092 | -87.8% |
| Financial fixed assets | 28 | €6,708 | €156,708 | +€150,000 | +2,236% |
| Current assets | 29/58 | €2,400,718 | €1,688,988 | -€711,730 | -29.6% |
| Stocks and contracts in progress | 3 | €88,103 | €61,355 | -€26,748 | -30.4% |
| Stocks | 30/36 | €88,103 | €61,355 | -€26,748 | -30.4% |
| Amounts receivable within one year | 40/41 | €1,956,507 | €1,525,299 | -€431,208 | -22.0% |
| Trade receivables | 40 | €1,493,017 | €1,009,697 | -€483,320 | -32.4% |
| Other amounts receivable | 41 | €463,490 | €515,602 | +€52,112 | +11.2% |
| Current investments | 50/53 | €1,115 | €1,122 | +€7 | +0.6% |
| Cash at bank and in hand | 54/58 | €307,829 | €59,141 | -€248,688 | -80.8% |
| Deferred charges and accrued income | 490/1 | €47,164 | €42,071 | -€5,093 | -10.8% |
| Total equity and liabilities | 10/49 | €4,391,594 | €3,315,196 | -€1.1m | -24.5% |
| Equity | 10/15 | €1,675,315 | €818,943 | -€856,372 | -51.1% |
| Contributions | 10/11 | €432,500 | €432,500 | = | 0.0% |
| Reserves | 13 | €1,901,651 | €1,901,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,250 | €43,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43,250 | €43,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,858,401 | €1,858,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€778,216 | -€1,516,445 | -€738,229 | -94.9% |
| Investment grants | 15 | €119,380 | €1,237 | -€118,143 | -99.0% |
| Amounts payable | 17/49 | €2,716,279 | €2,496,252 | -€220,027 | -8.1% |
| Amounts payable after more than one year | 17 | €690,116 | €546,576 | -€143,539 | -20.8% |
| Financial debts | 170/4 | €690,116 | €546,576 | -€143,539 | -20.8% |
| Amounts payable within one year | 42/48 | €2,021,580 | €1,941,806 | -€79,774 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €140,123 | €143,539 | +€3,416 | +2.4% |
| Financial debts | 43 | €44,038 | €59,483 | +€15,445 | +35.1% |
| Credit institutions | 430/8 | €44,038 | €59,483 | +€15,445 | +35.1% |
| Trade debts | 44 | €1,694,899 | €1,623,693 | -€71,206 | -4.2% |
| Suppliers | 440/4 | €1,694,899 | €1,623,693 | -€71,206 | -4.2% |
| Advances received on contracts in progress | 46 | €1,638 | €164 | -€1,474 | -90.0% |
| Taxes, remuneration and social security | 45 | €139,385 | €113,438 | -€25,948 | -18.6% |
| Taxes | 450/3 | €47,481 | €20,997 | -€26,484 | -55.8% |
| Remuneration and social security | 454/9 | €91,905 | €92,441 | +€536 | +0.6% |
| Other amounts payable | 47/48 | €1,496 | €1,488 | -€8 | -0.5% |
| Accrued charges and deferred income | 492/3 | €4,583 | €7,870 | +€3,287 | +71.7% |
| Remuneration, social security and pensions | 62 | €659,649 | €670,564 | +€10,915 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,152 | €238,037 | -€16,115 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €162 | €354,529 | +€354,367 | +218,745% |
| Other operating charges | 640/8 | €101,326 | €179,602 | +€78,276 | +77.3% |
| Gross operating margin | 9900 | €693,206 | €700,583 | +€7,378 | +1.1% |
| Operating profit (loss) | 9901 | -€322,084 | -€742,148 | -€420,064 | -130% |
| Financial income | 75/76B | €18,038 | €29,652 | +€11,614 | +64.4% |
| Recurring financial income | 75 | €18,038 | €29,652 | +€11,614 | +64.4% |
| Financial charges | 65/66B | €27,051 | €25,322 | -€1,729 | -6.4% |
| Recurring financial charges | 65 | €27,051 | €25,322 | -€1,729 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€331,097 | -€737,818 | -€406,721 | -123% |
| Income taxes | 67/77 | €6 | €411 | +€405 | +7,137% |
| Profit (loss) for the period | 9904 | -€331,103 | -€738,229 | -€407,126 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€331,103 | -€738,229 | -€407,126 | -123% |
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 13 October 2026 via checked.be.