KY 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.
KY TERRASSEMENT
Largest movements
- Receivables within one year +€18,560
up €18,560 (+135.9%), from €13,655 to €32,215
of which Other amounts receivable: +€9,563
- Tangible fixed assets -€16,837
down €16,837 (-5.3%), from €316,943 to €300,106
of which Land and buildings: -€10,800
- Other debts -€52,747
no longer reported in 2025 (was €52,747)
- Profit (loss) carried forward +€39,476
up €39,476 (+104.2%), from €37,890 to €77,366
- Tax, wage and social debts +€14,689
up €14,689 (+108.6%), from €13,520 to €28,209
- Trade debts +€12,917
up €12,917 (+2733.7%), from €473 to €13,389
- Debts after one year -€12,669
down €12,669 (-5.6%), from €227,856 to €215,187
- Depreciation -€37,421
down €37,421 (-58.2%), from €64,258 to €26,837
- Gross operating margin -€31,239
down €31,239 (-25.3%), from €123,567 to €92,328
- Financial charges +€5,983
up €5,983 (+145.1%), from €4,124 to €10,107
- Other operating charges -€2,527
down €2,527 (-62.6%), from €4,035 to €1,509
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.
Cash bridge derived
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 | €344,656 | €346,821 | +€2,164 | +0.6% |
| Fixed assets | 21/28 | €316,943 | €300,106 | -€16,837 | -5.3% |
| Tangible fixed assets | 22/27 | €316,943 | €300,106 | -€16,837 | -5.3% |
| Land and buildings | 22 | €266,902 | €256,102 | -€10,800 | -4.0% |
| Plant, machinery and equipment | 23 | €871 | €465 | -€406 | -46.6% |
| Furniture and vehicles | 24 | €49,170 | €43,540 | -€5,631 | -11.5% |
| Current assets | 29/58 | €27,714 | €46,715 | +€19,001 | +68.6% |
| Amounts receivable within one year | 40/41 | €13,655 | €32,215 | +€18,560 | +135.9% |
| Trade receivables | 40 | €12,106 | €21,103 | +€8,997 | +74.3% |
| Other amounts receivable | 41 | €1,549 | €11,112 | +€9,563 | +617.3% |
| Cash at bank and in hand | 54/58 | €14,058 | €14,499 | +€441 | +3.1% |
| Total equity and liabilities | 10/49 | €344,656 | €346,821 | +€2,164 | +0.6% |
| Equity | 10/15 | €37,890 | €77,366 | +€39,476 | +104.2% |
| Profit (loss) carried forward | 14 | €37,890 | €77,366 | +€39,476 | +104.2% |
| Amounts payable | 17/49 | €306,766 | €269,455 | -€37,312 | -12.2% |
| Amounts payable after more than one year | 17 | €227,856 | €215,187 | -€12,669 | -5.6% |
| Financial debts | 170/4 | €227,856 | €215,187 | -€12,669 | -5.6% |
| Amounts payable within one year | 42/48 | €78,910 | €54,267 | -€24,642 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €12,170 | €12,669 | +€499 | +4.1% |
| Trade debts | 44 | €473 | €13,389 | +€12,917 | +2733.7% |
| Suppliers | 440/4 | €473 | €13,389 | +€12,917 | +2733.7% |
| Taxes, remuneration and social security | 45 | €13,520 | €28,209 | +€14,689 | +108.6% |
| Taxes | 450/3 | €13,520 | €28,209 | +€14,689 | +108.6% |
| Other amounts payable | 47/48 | €52,747 | - | -€52,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,258 | €26,837 | -€37,421 | -58.2% |
| Other operating charges | 640/8 | €4,035 | €1,509 | -€2,527 | -62.6% |
| Gross operating margin | 9900 | €123,567 | €92,328 | -€31,239 | -25.3% |
| Operating profit (loss) | 9901 | €55,273 | €63,982 | +€8,709 | +15.8% |
| Financial income | 75/76B | €261 | - | -€261 | |
| Recurring financial income | 75 | €261 | - | -€261 | |
| Financial charges | 65/66B | €4,124 | €10,107 | +€5,983 | +145.1% |
| Recurring financial charges | 65 | €4,124 | €10,107 | +€5,983 | +145.1% |
| Profit (loss) for the period before taxes | 9903 | €51,411 | €53,875 | +€2,465 | +4.8% |
| Income taxes | 67/77 | €13,520 | €14,399 | +€879 | +6.5% |
| Profit (loss) for the period | 9904 | €37,890 | €39,476 | +€1,586 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,890 | €39,476 | +€1,586 | +4.2% |
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 12 October 2026 via checked.be.