LC 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.
LC TERRASSEMENT
Largest movements
- Tangible fixed assets +€117,653
up €117,653 (+136%), from €86,327 to €203,981
of which Leasing and similar rights: +€76,091
- Cash +€41,233
up €41,233 (+168%), from €24,535 to €65,768
mainly Debts after one year (+€99,374) and Net result for the year (+€73,792)
- Receivables within one year +€13,780
up €13,780 (+34.5%), from €39,966 to €53,746
of which Trade receivables: +€9,496
- Debts after one year +€99,374
up €99,374 (+225%), from €44,146 to €143,520
- Profit (loss) carried forward +€73,792
up €73,792 (+1,952%), from €3,780 to €77,572
- Current portion of long-term debt +€15,002
up €15,002 (+66.5%), from €22,557 to €37,560
- Other debts -€13,436
down €13,436 (-100%), from €13,436 to €0
- Trade debts -€5,516
down €5,516 (-59.8%), from €9,231 to €3,714
- Gross operating margin +€52,760
up €52,760 (+81.1%), from €65,039 to €117,799
- Financial income -€7,143
down €7,143 (-78.7%), from €9,078 to €1,935
- Taxes +€5,387
new in 2025: €5,387
- Depreciation -€4,429
down €4,429 (-14.7%), from €30,082 to €25,653
- Other operating charges +€4,148
up €4,148 (+86.1%), from €4,817 to €8,965
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 | €151,402 | €324,069 | +€172,667 | +114% |
| Fixed assets | 21/28 | €86,787 | €204,441 | +€117,653 | +136% |
| Tangible fixed assets | 22/27 | €86,327 | €203,981 | +€117,653 | +136% |
| Plant, machinery and equipment | 23 | €17,197 | €17,246 | +€49 | +0.3% |
| Furniture and vehicles | 24 | €2,457 | €43,970 | +€41,513 | +1,690% |
| Leasing and similar rights | 25 | €66,674 | €142,765 | +€76,091 | +114% |
| Financial fixed assets | 28 | €460 | €460 | = | 0.0% |
| Current assets | 29/58 | €64,615 | €119,628 | +€55,014 | +85.1% |
| Amounts receivable within one year | 40/41 | €39,966 | €53,746 | +€13,780 | +34.5% |
| Trade receivables | 40 | €37,225 | €46,720 | +€9,496 | +25.5% |
| Other amounts receivable | 41 | €2,741 | €7,026 | +€4,284 | +156% |
| Cash at bank and in hand | 54/58 | €24,535 | €65,768 | +€41,233 | +168% |
| Deferred charges and accrued income | 490/1 | €114 | €115 | +€1 | +0.9% |
| Total equity and liabilities | 10/49 | €151,402 | €324,069 | +€172,667 | +114% |
| Equity | 10/15 | €62,032 | €133,889 | +€71,857 | +116% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,780 | €77,572 | +€73,792 | +1,952% |
| Investment grants | 15 | €2,052 | €116 | -€1,935 | -94.3% |
| Amounts payable | 17/49 | €89,370 | €190,181 | +€100,811 | +113% |
| Amounts payable after more than one year | 17 | €44,146 | €143,520 | +€99,374 | +225% |
| Financial debts | 170/4 | €44,146 | €143,520 | +€99,374 | +225% |
| Amounts payable within one year | 42/48 | €45,224 | €46,661 | +€1,437 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €22,557 | €37,560 | +€15,002 | +66.5% |
| Trade debts | 44 | €9,231 | €3,714 | -€5,516 | -59.8% |
| Suppliers | 440/4 | €9,231 | €3,714 | -€5,516 | -59.8% |
| Taxes, remuneration and social security | 45 | - | €5,387 | +€5,387 | |
| Taxes | 450/3 | - | €5,387 | +€5,387 | |
| Other amounts payable | 47/48 | €13,436 | €0 | -€13,436 | -100% |
| Remuneration, social security and pensions | 62 | €435 | €39 | -€396 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,082 | €25,653 | -€4,429 | -14.7% |
| Other operating charges | 640/8 | €4,817 | €8,965 | +€4,148 | +86.1% |
| Gross operating margin | 9900 | €65,039 | €117,799 | +€52,760 | +81.1% |
| Operating profit (loss) | 9901 | €29,705 | €83,142 | +€53,437 | +180% |
| Financial income | 75/76B | €9,078 | €1,935 | -€7,143 | -78.7% |
| Recurring financial income | 75 | €9,078 | €1,935 | -€7,143 | -78.7% |
| Financial charges | 65/66B | €3,312 | €5,898 | +€2,586 | +78.1% |
| Recurring financial charges | 65 | €3,221 | €5,898 | +€2,677 | +83.1% |
| Non-recurring financial charges | 66B | €91 | - | -€91 | |
| Profit (loss) for the period before taxes | 9903 | €35,471 | €79,179 | +€43,708 | +123% |
| Income taxes | 67/77 | - | €5,387 | +€5,387 | |
| Profit (loss) for the period | 9904 | €35,471 | €73,792 | +€38,321 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €35,471 | €73,792 | +€38,321 | +108% |
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 27 October 2026 via checked.be.