VIA TERRAE: 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.
VIA TERRAE
Largest movements
- Cash -€39,899
down €39,899 (-98.8%), from €40,380 to €482
mainly Other debts (-€30,000) and Debts after one year (-€12,933)
- Receivables within one year -€7,531
down €7,531 (-34.3%), from €21,983 to €14,452
of which Trade receivables: -€7,652
- Tangible fixed assets -€4,171
down €4,171 (-83.5%), from €4,994 to €823
of which Plant, machinery and equipment: -€4,126
- Other debts -€30,000
down €30,000 (-10.5%), from €286,770 to €256,770
- Debts after one year -€12,933
down €12,933 (-21.8%), from €59,192 to €46,259
- Profit (loss) carried forward -€6,493
down €6,493 (-2.1%), from -€304,245 to -€310,738
- Tax, wage and social debts -€2,623
down €2,623 (-100%), from €2,623 to €0
of which Taxes: -€2,623
- Staff costs -€41,006
down €41,006 (-100%), from €41,006 to €0
- Gross operating margin -€17,364
down €17,364, from €14,784 to -€2,579
- Financial charges -€2,841
down €2,841 (-76.5%), from €3,715 to €874
- Depreciation -€2,014
down €2,014 (-43.9%), from €4,589 to €2,574
- Other operating charges -€176
down €176 (-27.5%), from €642 to €465
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 | €68,046 | €15,926 | -€52,120 | -76.6% |
| Fixed assets | 21/28 | €5,683 | €993 | -€4,690 | -82.5% |
| Intangible fixed assets | 21 | €688 | €169 | -€519 | -75.4% |
| Tangible fixed assets | 22/27 | €4,994 | €823 | -€4,171 | -83.5% |
| Plant, machinery and equipment | 23 | €4,949 | €823 | -€4,126 | -83.4% |
| Furniture and vehicles | 24 | €45 | €0 | -€45 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €62,363 | €14,934 | -€47,430 | -76.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €21,983 | €14,452 | -€7,531 | -34.3% |
| Trade receivables | 40 | €21,983 | €14,331 | -€7,652 | -34.8% |
| Other amounts receivable | 41 | €0 | €121 | +€121 | |
| Cash at bank and in hand | 54/58 | €40,380 | €482 | -€39,899 | -98.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €68,046 | €15,926 | -€52,120 | -76.6% |
| Equity | 10/15 | -€294,245 | -€300,738 | -€6,493 | -2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,245 | -€310,738 | -€6,493 | -2.1% |
| Amounts payable | 17/49 | €362,291 | €316,665 | -€45,626 | -12.6% |
| Amounts payable after more than one year | 17 | €59,192 | €46,259 | -€12,933 | -21.8% |
| Financial debts | 170/4 | €59,192 | €46,259 | -€12,933 | -21.8% |
| Amounts payable within one year | 42/48 | €303,099 | €270,406 | -€32,693 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €12,810 | €12,933 | +€124 | +1.0% |
| Trade debts | 44 | €897 | €702 | -€194 | -21.7% |
| Suppliers | 440/4 | €897 | €702 | -€194 | -21.7% |
| Taxes, remuneration and social security | 45 | €2,623 | €0 | -€2,623 | -100% |
| Taxes | 450/3 | €2,623 | €0 | -€2,623 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €286,770 | €256,770 | -€30,000 | -10.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €789 | €884 | +€95 | +12.0% |
| Remuneration, social security and pensions | 62 | €41,006 | €0 | -€41,006 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,589 | €2,574 | -€2,014 | -43.9% |
| Other operating charges | 640/8 | €642 | €465 | -€176 | -27.5% |
| Non-recurring operating charges | 66A | €79,047 | €0 | -€79,047 | -100% |
| Gross operating margin | 9900 | €14,784 | -€2,579 | -€17,364 | |
| Operating profit (loss) | 9901 | -€110,499 | -€5,619 | +€104,880 | +94.9% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €3,715 | €874 | -€2,841 | -76.5% |
| Recurring financial charges | 65 | €3,715 | €874 | -€2,841 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€114,203 | -€6,493 | +€107,709 | +94.3% |
| Profit (loss) for the period | 9904 | -€114,203 | -€6,493 | +€107,709 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,203 | -€6,493 | +€107,709 | +94.3% |
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 26 October 2026 via checked.be.