VP 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.
VP TERRAE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€86,396
up €86,396 (+27.8%), from €310,861 to €397,257
- Short-term financial debts -€48,000
down €48,000 (-10.2%), from €470,000 to €422,000
- Profit (loss) carried forward -€44,415
down €44,415 (-40.2%), from -€110,553 to -€154,968
- Accrued charges and deferred income +€8,163
up €8,163 (+92.9%), from €8,788 to €16,951
- Other operating charges -€8,360
down €8,360 (-87.7%), from €9,531 to €1,171
- Financial charges +€5,017
up €5,017 (+14.7%), from €34,147 to €39,164
- Gross operating margin -€530
down €530 (-14.3%), from -€3,694 to -€4,224
- Financial income +€143
new in 2025: €143
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 | €813,030 | €812,587 | -€443 | -0.1% |
| Current assets | 29/58 | €813,030 | €812,587 | -€443 | -0.1% |
| Amounts receivable after more than one year | 29 | €3,960 | €3,960 | = | 0.0% |
| Other amounts receivable | 291 | €3,960 | €3,960 | = | 0.0% |
| Stocks and contracts in progress | 3 | €807,834 | €807,834 | = | 0.0% |
| Stocks | 30/36 | €807,834 | €807,834 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,236 | €650 | -€587 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €813,030 | €812,587 | -€443 | -0.1% |
| Equity | 10/15 | €9,447 | -€34,968 | -€44,415 | |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,553 | -€154,968 | -€44,415 | -40.2% |
| Amounts payable | 17/49 | €803,583 | €847,555 | +€43,972 | +5.5% |
| Amounts payable within one year | 42/48 | €794,795 | €830,604 | +€35,809 | +4.5% |
| Financial debts | 43 | €470,000 | €422,000 | -€48,000 | -10.2% |
| Credit institutions | 430/8 | €470,000 | €422,000 | -€48,000 | -10.2% |
| Trade debts | 44 | €13,935 | €11,348 | -€2,587 | -18.6% |
| Suppliers | 440/4 | €13,935 | €11,348 | -€2,587 | -18.6% |
| Other amounts payable | 47/48 | €310,861 | €397,257 | +€86,396 | +27.8% |
| Accrued charges and deferred income | 492/3 | €8,788 | €16,951 | +€8,163 | +92.9% |
| Other operating charges | 640/8 | €9,531 | €1,171 | -€8,360 | -87.7% |
| Gross operating margin | 9900 | -€3,694 | -€4,224 | -€530 | -14.3% |
| Operating profit (loss) | 9901 | -€13,224 | -€5,394 | +€7,830 | +59.2% |
| Financial income | 75/76B | - | €143 | +€143 | |
| Recurring financial income | 75 | - | €143 | +€143 | |
| Financial charges | 65/66B | €34,147 | €39,164 | +€5,017 | +14.7% |
| Recurring financial charges | 65 | €34,147 | €39,164 | +€5,017 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,372 | -€44,415 | +€2,956 | +6.2% |
| Profit (loss) for the period | 9904 | -€47,372 | -€44,415 | +€2,956 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,372 | -€44,415 | +€2,956 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.