EC 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.
EC TERRASSEMENT
Largest movements
- Cash +€46,352
up €46,352 (+82.9%), from €55,886 to €102,238
mainly Depreciation (+€93,117) and Receivables within one year (+€41,159)
- Tangible fixed assets -€43,100
down €43,100 (-15.6%), from €275,667 to €232,567
- Receivables within one year -€41,159
down €41,159 (-42.5%), from €96,792 to €55,633
of which Trade receivables: -€55,192
- Intangible fixed assets -€18,000
down €18,000 (-15.2%), from €118,344 to €100,344
- Debts after one year -€39,851
down €39,851 (-50.8%), from €78,374 to €38,523
- Profit (loss) carried forward +€11,765
up €11,765 (+17.1%), from €68,685 to €80,450
- Other debts -€10,628
down €10,628 (-7.1%), from €149,920 to €139,292
- Tax, wage and social debts -€9,455
no longer reported in 2025 (was €9,455)
- Gross operating margin +€22,089
up €22,089 (+25.4%), from €86,805 to €108,894
- Depreciation +€6,027
up €6,027 (+6.9%), from €87,090 to €93,117
- Financial charges -€5,785
down €5,785 (-66.0%), from €8,764 to €2,979
- Financial income -€4,923
down €4,923 (-99.9%), from €4,929 to €6
of which Non-recurring financial income: -€4,827
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,253 | €493,864 | -€53,389 | -9.8% |
| Fixed assets | 21/28 | €394,011 | €332,911 | -€61,100 | -15.5% |
| Intangible fixed assets | 21 | €118,344 | €100,344 | -€18,000 | -15.2% |
| Tangible fixed assets | 22/27 | €275,667 | €232,567 | -€43,100 | -15.6% |
| Plant, machinery and equipment | 23 | €17,021 | €6,253 | -€10,768 | -63.3% |
| Furniture and vehicles | 24 | €212,915 | €201,809 | -€11,106 | -5.2% |
| Leasing and similar rights | 25 | €33,618 | €13,799 | -€19,819 | -59.0% |
| Other tangible fixed assets | 26 | €12,113 | €10,706 | -€1,407 | -11.6% |
| Current assets | 29/58 | €153,242 | €160,953 | +€7,711 | +5.0% |
| Amounts receivable within one year | 40/41 | €96,792 | €55,633 | -€41,159 | -42.5% |
| Trade receivables | 40 | €95,953 | €40,761 | -€55,192 | -57.5% |
| Other amounts receivable | 41 | €839 | €14,872 | +€14,033 | +1672.6% |
| Cash at bank and in hand | 54/58 | €55,886 | €102,238 | +€46,352 | +82.9% |
| Deferred charges and accrued income | 490/1 | €564 | €3,082 | +€2,518 | +446.5% |
| Total equity and liabilities | 10/49 | €547,253 | €493,864 | -€53,389 | -9.8% |
| Equity | 10/15 | €252,685 | €264,450 | +€11,765 | +4.7% |
| Contributions | 10/11 | €184,000 | €184,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,685 | €80,450 | +€11,765 | +17.1% |
| Amounts payable | 17/49 | €294,568 | €229,414 | -€65,154 | -22.1% |
| Amounts payable after more than one year | 17 | €78,374 | €38,523 | -€39,851 | -50.8% |
| Financial debts | 170/4 | €78,374 | €38,523 | -€39,851 | -50.8% |
| Amounts payable within one year | 42/48 | €216,194 | €190,891 | -€25,303 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €41,703 | €39,851 | -€1,852 | -4.4% |
| Trade debts | 44 | €15,116 | €11,748 | -€3,368 | -22.3% |
| Suppliers | 440/4 | €15,116 | €11,748 | -€3,368 | -22.3% |
| Taxes, remuneration and social security | 45 | €9,455 | - | -€9,455 | |
| Taxes | 450/3 | €9,455 | - | -€9,455 | |
| Other amounts payable | 47/48 | €149,920 | €139,292 | -€10,628 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,090 | €93,117 | +€6,027 | +6.9% |
| Other operating charges | 640/8 | €1,019 | €1,039 | +€20 | +2.0% |
| Gross operating margin | 9900 | €86,805 | €108,894 | +€22,089 | +25.4% |
| Operating profit (loss) | 9901 | -€1,304 | €14,738 | +€16,042 | |
| Financial income | 75/76B | €4,929 | €6 | -€4,923 | -99.9% |
| Recurring financial income | 75 | €102 | €6 | -€96 | -94.1% |
| Non-recurring financial income | 76B | €4,827 | - | -€4,827 | |
| Financial charges | 65/66B | €8,764 | €2,979 | -€5,785 | -66.0% |
| Recurring financial charges | 65 | €8,764 | €2,979 | -€5,785 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,139 | €11,765 | +€16,904 | |
| Income taxes | 67/77 | €90 | - | -€90 | |
| Profit (loss) for the period | 9904 | -€5,229 | €11,765 | +€16,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,229 | €11,765 | +€16,994 |
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 9 October 2026 via checked.be.