U-Terra: 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.
U-Terra
Largest movements
- Current investments +€46,000
new in 2025: €46,000
- Receivables within one year +€45,329
up €45,329 (+21.2%), from €213,578 to €258,907
of which Trade receivables: +€42,837
- Cash -€30,436
down €30,436 (-54.0%), from €56,365 to €25,928
mainly Contributions, distributions and other (-€284,626) and Current investments (-€46,000)
- Tangible fixed assets -€22,734
down €22,734 (-21.4%), from €106,256 to €83,522
- Deferred charges and accrued income -€6,537
down €6,537 (-73.3%), from €8,918 to €2,381
- Other debts +€115,991
up €115,991 (+2,016%), from €5,755 to €121,746
- Profit (loss) carried forward -€64,391
down €64,391 (-23.5%), from €273,575 to €209,184
- Debts after one year -€11,980
down €11,980 (-32.0%), from €37,453 to €25,473
- Tax, wage and social debts -€4,901
down €4,901 (-11.1%), from €44,292 to €39,392
of which Taxes: -€5,845
- Gross operating margin +€29,990
up €29,990 (+10.4%), from €287,959 to €317,949
- Taxes +€8,190
up €8,190 (+13.4%), from €61,318 to €69,508
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 | €385,117 | €416,739 | +€31,622 | +8.2% |
| Fixed assets | 21/28 | €106,256 | €83,522 | -€22,734 | -21.4% |
| Tangible fixed assets | 22/27 | €106,256 | €83,522 | -€22,734 | -21.4% |
| Furniture and vehicles | 24 | €106,256 | €83,522 | -€22,734 | -21.4% |
| Current assets | 29/58 | €278,861 | €333,217 | +€54,356 | +19.5% |
| Amounts receivable within one year | 40/41 | €213,578 | €258,907 | +€45,329 | +21.2% |
| Trade receivables | 40 | €189,578 | €232,415 | +€42,837 | +22.6% |
| Other amounts receivable | 41 | €24,000 | €26,492 | +€2,492 | +10.4% |
| Current investments | 50/53 | - | €46,000 | +€46,000 | |
| Cash at bank and in hand | 54/58 | €56,365 | €25,928 | -€30,436 | -54.0% |
| Deferred charges and accrued income | 490/1 | €8,918 | €2,381 | -€6,537 | -73.3% |
| Total equity and liabilities | 10/49 | €385,117 | €416,739 | +€31,622 | +8.2% |
| Equity | 10/15 | €278,575 | €214,184 | -€64,391 | -23.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,575 | €209,184 | -€64,391 | -23.5% |
| Amounts payable | 17/49 | €106,542 | €202,555 | +€96,013 | +90.1% |
| Amounts payable after more than one year | 17 | €37,453 | €25,473 | -€11,980 | -32.0% |
| Financial debts | 170/4 | €37,453 | €25,473 | -€11,980 | -32.0% |
| Amounts payable within one year | 42/48 | €69,089 | €177,082 | +€107,993 | +156% |
| Current portion of amounts payable after more than one year | 42 | €11,503 | €11,980 | +€477 | +4.2% |
| Trade debts | 44 | €7,539 | €3,964 | -€3,575 | -47.4% |
| Suppliers | 440/4 | €7,539 | €3,964 | -€3,575 | -47.4% |
| Taxes, remuneration and social security | 45 | €44,292 | €39,392 | -€4,901 | -11.1% |
| Taxes | 450/3 | €44,100 | €38,256 | -€5,845 | -13.3% |
| Remuneration and social security | 454/9 | €192 | €1,136 | +€944 | +492% |
| Other amounts payable | 47/48 | €5,755 | €121,746 | +€115,991 | +2,016% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,530 | €26,682 | +€151 | +0.6% |
| Other operating charges | 640/8 | €623 | €690 | +€67 | +10.8% |
| Gross operating margin | 9900 | €287,959 | €317,949 | +€29,990 | +10.4% |
| Operating profit (loss) | 9901 | €260,806 | €290,577 | +€29,771 | +11.4% |
| Financial income | 75/76B | €624 | €1,058 | +€434 | +69.6% |
| Recurring financial income | 75 | €624 | €1,058 | +€434 | +69.6% |
| Financial charges | 65/66B | €2,692 | €1,893 | -€800 | -29.7% |
| Recurring financial charges | 65 | €2,692 | €1,893 | -€800 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €258,737 | €289,742 | +€31,005 | +12.0% |
| Income taxes | 67/77 | €61,318 | €69,508 | +€8,190 | +13.4% |
| Profit (loss) for the period | 9904 | €197,420 | €220,235 | +€22,815 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,420 | €220,235 | +€22,815 | +11.6% |
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 17 October 2026 via checked.be.