TERREST: what changed
What changed
TERREST
filed annual accounts (NBB)
Net result for the year
-€92,573
2023 · -€17,650-€74,923
Equity
-€1.0m
2023 · -€958,403-€77,544
Cash
€9,988
2023 · €10,514-€526
Balance sheet total
€2.9m
2023 · €3.0m-€75,868
Largest movements
Assets
- Tangible fixed assets -€90,372
down €90,372 (-3.2%), from €2.8m to €2.8m
of which Land and buildings: -€85,312
Equity and liabilities
- Other debts +€127,586
up €127,586 (+74.2%), from €171,987 to €299,573
- Debts after one year -€102,194
down €102,194 (-9.7%), from €1.1m to €953,998
- Profit (loss) carried forward -€92,573
down €92,573 (-8.5%), from -€1.1m to -€1.2m
Income statement
- Financial charges +€80,048
up €80,048 (+64.2%), from €124,655 to €204,704
- Gross operating margin +€3,122
up €3,122 (+1.2%), from €258,772 to €261,894
Change in the result, 2023 to 2024
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 2023
-€17,650
Gross operating margin
+€3,122
Depreciation
-€440
Other operating charges
+€2,441
Financial income
+€2
Financial charges
-€80,048
Result 2024
-€92,573
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€163,013
Investment
-€55,913
Financing
-€107,626
Cash 2023
€10,514
From operations (derived)
+€163,013
Net result for the year
-€92,573
Depreciation
+€131,255
Trade debts
-€3,255
Other debts
+€127,586
Investment (derived)
-€55,913
Investment in fixed assets (net)
-€40,884
Current investments
-€15,029
Financing
-€107,626
Debts after one year
-€102,194
Current portion of long-term debt
-€20,461
Contributions, distributions and other
+€15,029
Cash 2024
€9,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,958,990 | €2,883,121 | -€75,868 | -2.6% |
| Fixed assets | 21/28 | €2,841,420 | €2,751,048 | -€90,372 | -3.2% |
| Tangible fixed assets | 22/27 | €2,841,420 | €2,751,048 | -€90,372 | -3.2% |
| Land and buildings | 22 | €2,777,508 | €2,692,195 | -€85,312 | -3.1% |
| Plant, machinery and equipment | 23 | €63,912 | €58,853 | -€5,059 | -7.9% |
| Current assets | 29/58 | €117,570 | €132,073 | +€14,503 | +12.3% |
| Current investments | 50/53 | €106,403 | €121,431 | +€15,029 | +14.1% |
| Cash at bank and in hand | 54/58 | €10,514 | €9,988 | -€526 | -5.0% |
| Deferred charges and accrued income | 490/1 | €653 | €653 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,958,990 | €2,883,121 | -€75,868 | -2.6% |
| Equity | 10/15 | -€958,403 | -€1,035,947 | -€77,544 | -8.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €72,227 | €87,256 | +€15,029 | +20.8% |
| Profit (loss) carried forward | 14 | -€1,093,130 | -€1,185,703 | -€92,573 | -8.5% |
| Amounts payable | 17/49 | €3,917,392 | €3,919,068 | +€1,676 | 0.0% |
| Amounts payable after more than one year | 17 | €1,056,192 | €953,998 | -€102,194 | -9.7% |
| Financial debts | 170/4 | €1,056,192 | €953,998 | -€102,194 | -9.7% |
| Amounts payable within one year | 42/48 | €2,853,504 | €2,957,374 | +€103,870 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,672,755 | €2,652,294 | -€20,461 | -0.8% |
| Trade debts | 44 | €8,763 | €5,507 | -€3,255 | -37.1% |
| Suppliers | 440/4 | €8,763 | €5,507 | -€3,255 | -37.1% |
| Other amounts payable | 47/48 | €171,987 | €299,573 | +€127,586 | +74.2% |
| Accrued charges and deferred income | 492/3 | €7,696 | €7,696 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,815 | €131,255 | +€440 | +0.3% |
| Other operating charges | 640/8 | €20,951 | €18,510 | -€2,441 | -11.6% |
| Gross operating margin | 9900 | €258,772 | €261,894 | +€3,122 | +1.2% |
| Operating profit (loss) | 9901 | €107,005 | €112,128 | +€5,123 | +4.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €124,655 | €204,704 | +€80,048 | +64.2% |
| Recurring financial charges | 65 | €124,655 | €204,704 | +€80,048 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,650 | -€92,573 | -€74,923 | -424% |
| Profit (loss) for the period | 9904 | -€17,650 | -€92,573 | -€74,923 | -424% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,650 | -€92,573 | -€74,923 | -424% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.