AG TERRASSEMENT: 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.
AG TERRASSEMENT
Largest movements
- Tangible fixed assets -€12,054
down €12,054 (-26.5%), from €45,542 to €33,488
of which Furniture and vehicles: -€11,016
- Cash +€10,343
up €10,343 (+171%), from €6,066 to €16,409
mainly Depreciation (+€12,054) and Tax, wage and social debts (+€6,804)
- Deferred charges and accrued income -€2,498
down €2,498 (-54.6%), from €4,575 to €2,077
- Debts after one year -€7,703
down €7,703 (-21.4%), from €35,988 to €28,285
of which Financial debts: -€24,703
- Tax, wage and social debts +€6,804
up €6,804 (+95.1%), from €7,156 to €13,960
- Trade debts -€2,926
down €2,926 (-45.4%), from €6,448 to €3,522
- Gross operating margin +€35,464
up €35,464, from -€14,593 to €20,871
- Depreciation +€3,726
up €3,726 (+44.7%), from €8,328 to €12,054
- Other operating charges +€3,652
up €3,652 (+145%), from €2,518 to €6,170
- Taxes +€1,657
new in 2025: €1,657
- Financial income +€1,456
up €1,456 (+72,789%), from €2 to €1,458
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 | €134,976 | €131,537 | -€3,439 | -2.5% |
| Fixed assets | 21/28 | €45,542 | €33,488 | -€12,054 | -26.5% |
| Tangible fixed assets | 22/27 | €45,542 | €33,488 | -€12,054 | -26.5% |
| Land and buildings | 22 | €18,173 | €17,655 | -€518 | -2.9% |
| Plant, machinery and equipment | 23 | €1,825 | €1,305 | -€520 | -28.5% |
| Furniture and vehicles | 24 | €25,543 | €14,528 | -€11,016 | -43.1% |
| Current assets | 29/58 | €89,434 | €98,049 | +€8,615 | +9.6% |
| Amounts receivable within one year | 40/41 | €78,794 | €79,563 | +€769 | +1.0% |
| Trade receivables | 40 | €21,864 | €14,230 | -€7,634 | -34.9% |
| Other amounts receivable | 41 | €56,930 | €65,333 | +€8,403 | +14.8% |
| Cash at bank and in hand | 54/58 | €6,066 | €16,409 | +€10,343 | +171% |
| Deferred charges and accrued income | 490/1 | €4,575 | €2,077 | -€2,498 | -54.6% |
| Total equity and liabilities | 10/49 | €134,976 | €131,537 | -€3,439 | -2.5% |
| Equity | 10/15 | €68,238 | €67,394 | -€844 | -1.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,860 | €22,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,378 | €34,534 | -€844 | -2.4% |
| Amounts payable | 17/49 | €66,737 | €64,143 | -€2,595 | -3.9% |
| Amounts payable after more than one year | 17 | €35,988 | €28,285 | -€7,703 | -21.4% |
| Financial debts | 170/4 | €35,988 | €11,285 | -€24,703 | -68.6% |
| Other amounts payable | 178/9 | - | €17,000 | +€17,000 | |
| Amounts payable within one year | 42/48 | €30,749 | €35,857 | +€5,108 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €17,145 | €18,375 | +€1,231 | +7.2% |
| Trade debts | 44 | €6,448 | €3,522 | -€2,926 | -45.4% |
| Suppliers | 440/4 | €6,448 | €3,522 | -€2,926 | -45.4% |
| Taxes, remuneration and social security | 45 | €7,156 | €13,960 | +€6,804 | +95.1% |
| Taxes | 450/3 | €7,156 | €13,960 | +€6,804 | +95.1% |
| Remuneration, social security and pensions | 62 | - | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,328 | €12,054 | +€3,726 | +44.7% |
| Other operating charges | 640/8 | €2,518 | €6,170 | +€3,652 | +145% |
| Gross operating margin | 9900 | -€14,593 | €20,871 | +€35,464 | |
| Operating profit (loss) | 9901 | -€25,439 | €2,506 | +€27,945 | |
| Financial income | 75/76B | €2 | €1,458 | +€1,456 | +72,789% |
| Recurring financial income | 75 | €2 | €1,458 | +€1,456 | +72,789% |
| Financial charges | 65/66B | €1,952 | €3,151 | +€1,199 | +61.4% |
| Recurring financial charges | 65 | €1,952 | €3,151 | +€1,199 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,389 | €813 | +€28,202 | |
| Income taxes | 67/77 | - | €1,657 | +€1,657 | |
| Profit (loss) for the period | 9904 | -€27,389 | -€844 | +€26,545 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,389 | -€844 | +€26,545 | +96.9% |
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 28 October 2026 via checked.be.