B.G. TERRASSEMENTS: what changed
B.G. TERRASSEMENTS
Largest movements
- Tangible fixed assets +€62,120
up €62,120 (+127%), from €48,914 to €111,034
of which Furniture and vehicles: +€45,455
- Cash -€40,759
down €40,759 (-18.2%), from €223,608 to €182,849
mainly Investment in fixed assets (net) (-€83,455) and Trade debts (-€24,504)
- Receivables within one year +€20,341
up €20,341 (+14.8%), from €137,864 to €158,206
of which Trade receivables: +€59,010
- Financial fixed assets +€9,500
new in 2025: €9,500
- Reserves +€49,845
up €49,845 (+29.2%), from €170,591 to €220,436
of which Distributable reserves: +€55,095
- Trade debts -€24,504
down €24,504 (-23.3%), from €105,263 to €80,759
- Tax, wage and social debts +€17,052
up €17,052 (+8,508%), from €200 to €17,252
of which Taxes: +€13,964
- Other debts +€12,260
new in 2025: €12,260
- Gross operating margin +€58,413
up €58,413 (+108%), from €54,279 to €112,692
- Taxes +€17,388
up €17,388 (+109%), from €15,931 to €33,318
- Depreciation +€9,611
up €9,611 (+432%), from €2,223 to €11,835
- Staff costs +€6,040
new in 2025: €6,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,696 | €464,903 | +€53,207 | +12.9% |
| Fixed assets | 21/28 | €48,914 | €120,534 | +€71,620 | +146% |
| Tangible fixed assets | 22/27 | €48,914 | €111,034 | +€62,120 | +127% |
| Plant, machinery and equipment | 23 | €48,914 | €65,579 | +€16,665 | +34.1% |
| Furniture and vehicles | 24 | - | €45,455 | +€45,455 | |
| Financial fixed assets | 28 | - | €9,500 | +€9,500 | |
| Current assets | 29/58 | €362,782 | €344,369 | -€18,413 | -5.1% |
| Stocks and contracts in progress | 3 | €1,310 | €947 | -€362 | -27.7% |
| Stocks | 30/36 | €1,310 | €947 | -€362 | -27.7% |
| Amounts receivable within one year | 40/41 | €137,864 | €158,206 | +€20,341 | +14.8% |
| Trade receivables | 40 | €84,834 | €143,844 | +€59,010 | +69.6% |
| Other amounts receivable | 41 | €53,030 | €14,362 | -€38,668 | -72.9% |
| Cash at bank and in hand | 54/58 | €223,608 | €182,849 | -€40,759 | -18.2% |
| Deferred charges and accrued income | 490/1 | - | €2,367 | +€2,367 | |
| Total equity and liabilities | 10/49 | €411,696 | €464,903 | +€53,207 | +12.9% |
| Equity | 10/15 | €297,627 | €347,777 | +€50,150 | +16.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €170,591 | €220,436 | +€49,845 | +29.2% |
| Tax-exempt reserves | 132 | €25,818 | €20,568 | -€5,250 | -20.3% |
| Distributable reserves | 133 | €144,772 | €199,867 | +€55,095 | +38.1% |
| Profit (loss) carried forward | 14 | €120,839 | €121,144 | +€305 | +0.3% |
| Provisions and deferred taxes | 16 | €8,606 | €6,856 | -€1,750 | -20.3% |
| Deferred taxes | 168 | €8,606 | €6,856 | -€1,750 | -20.3% |
| Amounts payable | 17/49 | €105,463 | €110,271 | +€4,807 | +4.6% |
| Amounts payable within one year | 42/48 | €105,463 | €110,271 | +€4,807 | +4.6% |
| Trade debts | 44 | €105,263 | €80,759 | -€24,504 | -23.3% |
| Suppliers | 440/4 | €105,263 | €80,759 | -€24,504 | -23.3% |
| Taxes, remuneration and social security | 45 | €200 | €17,252 | +€17,052 | +8,508% |
| Taxes | 450/3 | €200 | €14,164 | +€13,964 | +6,967% |
| Remuneration and social security | 454/9 | - | €3,088 | +€3,088 | |
| Other amounts payable | 47/48 | - | €12,260 | +€12,260 | |
| Remuneration, social security and pensions | 62 | - | €6,040 | +€6,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €11,835 | +€9,611 | +432% |
| Other operating charges | 640/8 | - | €136 | +€136 | |
| Gross operating margin | 9900 | €54,279 | €112,692 | +€58,413 | +108% |
| Operating profit (loss) | 9901 | €52,055 | €94,681 | +€42,626 | +81.9% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €43 | €58 | +€15 | +33.9% |
| Recurring financial charges | 65 | €43 | €58 | +€15 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €52,028 | €94,623 | +€42,595 | +81.9% |
| Transfer from deferred taxes | 780 | €144 | €1,750 | +€1,606 | +1,117% |
| Income taxes | 67/77 | €15,931 | €33,318 | +€17,388 | +109% |
| Profit (loss) for the period | 9904 | €36,241 | €63,055 | +€26,814 | +74.0% |
| Transfer from tax-exempt reserves | 789 | €432 | €5,250 | +€4,818 | +1,117% |
| Profit (loss) for the period to be appropriated | 9905 | €36,673 | €68,305 | +€31,632 | +86.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.