IMMO LA TERRASSE: 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.
IMMO LA TERRASSE
Largest movements
- Cash +€352,825
up €352,825 (+22.3%), from €1.6m to €1.9m
mainly Net result for the year (+€675,181) and Other debts (+€305,000)
- Receivables within one year +€210,916
up €210,916 (+905%), from €23,307 to €234,223
of which Other amounts receivable: +€209,126
- Tangible fixed assets +€110,618
up €110,618 (+6.2%), from €1.8m to €1.9m
of which Land and buildings: +€128,599
- Reserves +€510,181
up €510,181 (+22.6%), from €2.3m to €2.8m
of which Distributable reserves: +€510,181
- Other debts +€305,000
new in 2025: €305,000
- Tax, wage and social debts -€99,924
down €99,924 (-78.2%), from €127,850 to €27,926
of which Taxes: -€56,290
- Debts after one year -€50,455
down €50,455 (-9.4%), from €533,977 to €483,522
- Gross operating margin +€340,871
up €340,871 (+26.9%), from €1.3m to €1.6m
- Taxes +€110,693
up €110,693 (+55.9%), from €198,048 to €308,741
- Staff costs -€67,664
down €67,664 (-12.9%), from €524,683 to €457,019
- Depreciation +€24,848
up €24,848 (+33.3%), from €74,711 to €99,559
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 | €3,388,850 | €4,063,432 | +€674,582 | +19.9% |
| Fixed assets | 21/28 | €1,776,061 | €1,886,678 | +€110,618 | +6.2% |
| Tangible fixed assets | 22/27 | €1,776,061 | €1,886,678 | +€110,618 | +6.2% |
| Land and buildings | 22 | €1,702,273 | €1,830,873 | +€128,599 | +7.6% |
| Plant, machinery and equipment | 23 | €25,780 | €25,469 | -€311 | -1.2% |
| Furniture and vehicles | 24 | €48,007 | €30,337 | -€17,670 | -36.8% |
| Current assets | 29/58 | €1,612,790 | €2,176,754 | +€563,964 | +35.0% |
| Amounts receivable within one year | 40/41 | €23,307 | €234,223 | +€210,916 | +905% |
| Trade receivables | 40 | €23,307 | €25,097 | +€1,790 | +7.7% |
| Other amounts receivable | 41 | - | €209,126 | +€209,126 | |
| Cash at bank and in hand | 54/58 | €1,584,834 | €1,937,660 | +€352,825 | +22.3% |
| Deferred charges and accrued income | 490/1 | €4,649 | €4,871 | +€223 | +4.8% |
| Total equity and liabilities | 10/49 | €3,388,850 | €4,063,432 | +€674,582 | +19.9% |
| Equity | 10/15 | €2,281,931 | €2,791,788 | +€509,856 | +22.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,253,393 | €2,763,573 | +€510,181 | +22.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,253,393 | €2,763,573 | +€510,181 | +22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €9,989 | €9,664 | -€324 | -3.2% |
| Provisions and deferred taxes | 16 | €3,330 | €3,221 | -€108 | -3.2% |
| Deferred taxes | 168 | €3,330 | €3,221 | -€108 | -3.2% |
| Amounts payable | 17/49 | €1,103,589 | €1,268,423 | +€164,834 | +14.9% |
| Amounts payable after more than one year | 17 | €533,977 | €483,522 | -€50,455 | -9.4% |
| Financial debts | 170/4 | €533,977 | €483,522 | -€50,455 | -9.4% |
| Amounts payable within one year | 42/48 | €569,612 | €784,901 | +€215,288 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €50,455 | €50,455 | = | 0.0% |
| Trade debts | 44 | €391,308 | €401,520 | +€10,212 | +2.6% |
| Suppliers | 440/4 | €391,308 | €401,520 | +€10,212 | +2.6% |
| Taxes, remuneration and social security | 45 | €127,850 | €27,926 | -€99,924 | -78.2% |
| Taxes | 450/3 | €60,523 | €4,232 | -€56,290 | -93.0% |
| Remuneration and social security | 454/9 | €67,327 | €23,694 | -€43,633 | -64.8% |
| Other amounts payable | 47/48 | - | €305,000 | +€305,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €108,849 | €0 | -€108,849 | -100% |
| Remuneration, social security and pensions | 62 | €524,683 | €457,019 | -€67,664 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,711 | €99,559 | +€24,848 | +33.3% |
| Other operating charges | 640/8 | €57,716 | €67,187 | +€9,471 | +16.4% |
| Gross operating margin | 9900 | €1,266,165 | €1,607,036 | +€340,871 | +26.9% |
| Operating profit (loss) | 9901 | €609,055 | €983,271 | +€374,216 | +61.4% |
| Financial income | 75/76B | €17,272 | €9,332 | -€7,940 | -46.0% |
| Recurring financial income | 75 | €17,272 | €9,332 | -€7,940 | -46.0% |
| Financial charges | 65/66B | €9,140 | €8,789 | -€352 | -3.8% |
| Recurring financial charges | 65 | €9,140 | €8,789 | -€352 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €617,186 | €983,814 | +€366,627 | +59.4% |
| Transfer from deferred taxes | 780 | €108 | €108 | = | 0.0% |
| Income taxes | 67/77 | €198,048 | €308,741 | +€110,693 | +55.9% |
| Profit (loss) for the period | 9904 | €419,247 | €675,181 | +€255,934 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €419,247 | €675,181 | +€255,934 | +61.0% |
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 18 October 2026 via checked.be.