GR-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.
GR-Terrassement
Largest movements
- Tangible fixed assets +€223,083
up €223,083 (+454%), from €49,131 to €272,214
of which Leasing and similar rights: +€200,872
- Stocks and contracts +€11,623
new in 2025: €11,623
- Receivables within one year -€9,617
down €9,617 (-37.5%), from €25,657 to €16,040
of which Trade receivables: -€10,580
- Debts after one year +€168,697
up €168,697 (+608%), from €27,729 to €196,426
- Current portion of long-term debt +€26,955
up €26,955 (+225%), from €12,002 to €38,957
- Other debts +€22,166
up €22,166 (+912%), from €2,430 to €24,596
- Trade debts +€8,290
up €8,290 (+82.7%), from €10,022 to €18,312
- Depreciation +€32,084
up €32,084 (+297%), from €10,810 to €42,894
- Financial charges +€15,115
up €15,115 (+851%), from €1,776 to €16,891
- Gross operating margin +€13,459
up €13,459 (+28.2%), from €47,729 to €61,188
- Taxes -€7,061
no longer reported in 2025 (was €7,061)
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 | €107,910 | €334,664 | +€226,754 | +210% |
| Fixed assets | 21/28 | €49,131 | €272,214 | +€223,083 | +454% |
| Tangible fixed assets | 22/27 | €49,131 | €272,214 | +€223,083 | +454% |
| Plant, machinery and equipment | 23 | €3,931 | €16,028 | +€12,097 | +308% |
| Furniture and vehicles | 24 | €45,200 | €55,314 | +€10,114 | +22.4% |
| Leasing and similar rights | 25 | - | €200,872 | +€200,872 | |
| Current assets | 29/58 | €58,779 | €62,450 | +€3,671 | +6.2% |
| Stocks and contracts in progress | 3 | - | €11,623 | +€11,623 | |
| Stocks | 30/36 | - | €11,623 | +€11,623 | |
| Amounts receivable within one year | 40/41 | €25,657 | €16,040 | -€9,617 | -37.5% |
| Trade receivables | 40 | €25,657 | €15,077 | -€10,580 | -41.2% |
| Other amounts receivable | 41 | - | €963 | +€963 | |
| Cash at bank and in hand | 54/58 | €31,160 | €32,060 | +€900 | +2.9% |
| Deferred charges and accrued income | 490/1 | €1,962 | €2,727 | +€765 | +39.0% |
| Total equity and liabilities | 10/49 | €107,910 | €334,664 | +€226,754 | +210% |
| Equity | 10/15 | €48,211 | €48,996 | +€785 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,211 | €28,996 | +€785 | +2.8% |
| Distributable reserves | 133 | €28,211 | €28,996 | +€785 | +2.8% |
| Amounts payable | 17/49 | €59,699 | €285,668 | +€225,969 | +379% |
| Amounts payable after more than one year | 17 | €27,729 | €196,426 | +€168,697 | +608% |
| Financial debts | 170/4 | €27,729 | €196,426 | +€168,697 | +608% |
| Amounts payable within one year | 42/48 | €31,970 | €89,242 | +€57,272 | +179% |
| Current portion of amounts payable after more than one year | 42 | €12,002 | €38,957 | +€26,955 | +225% |
| Trade debts | 44 | €10,022 | €18,312 | +€8,290 | +82.7% |
| Suppliers | 440/4 | €10,022 | €18,312 | +€8,290 | +82.7% |
| Taxes, remuneration and social security | 45 | €7,516 | €7,377 | -€139 | -1.8% |
| Taxes | 450/3 | €7,516 | €7,061 | -€455 | -6.1% |
| Remuneration and social security | 454/9 | - | €316 | +€316 | |
| Other amounts payable | 47/48 | €2,430 | €24,596 | +€22,166 | +912% |
| Remuneration, social security and pensions | 62 | - | €453 | +€453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,810 | €42,894 | +€32,084 | +297% |
| Other operating charges | 640/8 | €276 | €356 | +€80 | +29.0% |
| Gross operating margin | 9900 | €47,729 | €61,188 | +€13,459 | +28.2% |
| Operating profit (loss) | 9901 | €36,643 | €17,485 | -€19,158 | -52.3% |
| Financial income | 75/76B | €405 | €191 | -€214 | -52.8% |
| Recurring financial income | 75 | €405 | €191 | -€214 | -52.8% |
| Financial charges | 65/66B | €1,776 | €16,891 | +€15,115 | +851% |
| Recurring financial charges | 65 | €1,776 | €16,891 | +€15,115 | +851% |
| Profit (loss) for the period before taxes | 9903 | €35,272 | €785 | -€34,487 | -97.8% |
| Income taxes | 67/77 | €7,061 | - | -€7,061 | |
| Profit (loss) for the period | 9904 | €28,211 | €785 | -€27,426 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,211 | €785 | -€27,426 | -97.2% |
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 23 October 2026 via checked.be.