M.C. TERRASSEMENTS: what changed
M.C. TERRASSEMENTS
Largest movements
- Tangible fixed assets +€67,412
up €67,412 (+34.9%), from €193,219 to €260,631
of which Furniture and vehicles: +€70,182
- Cash -€30,000
down €30,000 (-29.1%), from €103,179 to €73,179
mainly Investment in fixed assets (net) (-€125,111) and Tax, wage and social debts (-€35,537)
- Receivables within one year +€24,212
up €24,212 (+26.0%), from €92,968 to €117,180
of which Trade receivables: +€22,467
- Stocks and contracts -€12,025
down €12,025 (-38.2%), from €31,487 to €19,462
- Profit (loss) carried forward +€86,151
up €86,151 (+667%), from €12,912 to €99,063
- Tax, wage and social debts -€35,537
down €35,537 (-55.0%), from €64,662 to €29,125
of which Remuneration and social security: -€43,999
- Other debts -€32,616
down €32,616 (-31.8%), from €102,693 to €70,077
- Debts after one year +€24,709
up €24,709 (+235%), from €10,509 to €35,218
- Trade debts +€16,240
up €16,240 (+37.2%), from €43,689 to €59,929
- Gross operating margin -€96,054
down €96,054 (-18.0%), from €534,086 to €438,032
- Depreciation -€31,828
down €31,828 (-35.6%), from €89,327 to €57,499
- Taxes +€31,506
up €31,506 (+3,323%), from €948 to €32,454
- Financial income -€28,560
down €28,560 (-48.0%), from €59,456 to €30,896
of which Non-recurring financial income: -€25,554
- Staff costs -€21,660
down €21,660 (-7.7%), from €282,797 to €261,137
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,795 | €471,892 | +€50,097 | +11.9% |
| Fixed assets | 21/28 | €193,219 | €260,831 | +€67,612 | +35.0% |
| Tangible fixed assets | 22/27 | €193,219 | €260,631 | +€67,412 | +34.9% |
| Land and buildings | 22 | €117,417 | €105,640 | -€11,777 | -10.0% |
| Plant, machinery and equipment | 23 | €23,480 | €46,884 | +€23,404 | +99.7% |
| Furniture and vehicles | 24 | €16,432 | €86,614 | +€70,182 | +427% |
| Leasing and similar rights | 25 | €35,890 | €21,493 | -€14,397 | -40.1% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €228,576 | €211,061 | -€17,515 | -7.7% |
| Stocks and contracts in progress | 3 | €31,487 | €19,462 | -€12,025 | -38.2% |
| Stocks | 30/36 | €31,487 | €19,462 | -€12,025 | -38.2% |
| Amounts receivable within one year | 40/41 | €92,968 | €117,180 | +€24,212 | +26.0% |
| Trade receivables | 40 | €90,389 | €112,856 | +€22,467 | +24.9% |
| Other amounts receivable | 41 | €2,579 | €4,324 | +€1,745 | +67.7% |
| Cash at bank and in hand | 54/58 | €103,179 | €73,179 | -€30,000 | -29.1% |
| Deferred charges and accrued income | 490/1 | €942 | €1,240 | +€298 | +31.6% |
| Total equity and liabilities | 10/49 | €421,795 | €471,892 | +€50,097 | +11.9% |
| Equity | 10/15 | €95,962 | €180,848 | +€84,886 | +88.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €31,785 | €31,785 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,785 | €26,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,912 | €99,063 | +€86,151 | +667% |
| Investment grants | 15 | €1,265 | - | -€1,265 | |
| Amounts payable | 17/49 | €325,833 | €291,044 | -€34,789 | -10.7% |
| Amounts payable after more than one year | 17 | €10,509 | €35,218 | +€24,709 | +235% |
| Financial debts | 170/4 | €10,509 | €35,218 | +€24,709 | +235% |
| Amounts payable within one year | 42/48 | €315,324 | €255,826 | -€59,498 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €49,415 | €45,830 | -€3,585 | -7.3% |
| Financial debts | 43 | €50,000 | €46,000 | -€4,000 | -8.0% |
| Credit institutions | 430/8 | €50,000 | €46,000 | -€4,000 | -8.0% |
| Trade debts | 44 | €43,689 | €59,929 | +€16,240 | +37.2% |
| Suppliers | 440/4 | €43,689 | €59,929 | +€16,240 | +37.2% |
| Advances received on contracts in progress | 46 | €4,865 | €4,865 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,662 | €29,125 | -€35,537 | -55.0% |
| Taxes | 450/3 | €10,969 | €19,431 | +€8,462 | +77.1% |
| Remuneration and social security | 454/9 | €53,693 | €9,694 | -€43,999 | -81.9% |
| Other amounts payable | 47/48 | €102,693 | €70,077 | -€32,616 | -31.8% |
| Remuneration, social security and pensions | 62 | €282,797 | €261,137 | -€21,660 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,327 | €57,499 | -€31,828 | -35.6% |
| Other operating charges | 640/8 | €18,355 | €20,581 | +€2,226 | +12.1% |
| Gross operating margin | 9900 | €534,086 | €438,032 | -€96,054 | -18.0% |
| Operating profit (loss) | 9901 | €143,607 | €98,815 | -€44,792 | -31.2% |
| Financial income | 75/76B | €59,456 | €30,896 | -€28,560 | -48.0% |
| Recurring financial income | 75 | €4,332 | €1,326 | -€3,006 | -69.4% |
| Non-recurring financial income | 76B | €55,124 | €29,570 | -€25,554 | -46.4% |
| Financial charges | 65/66B | €14,347 | €11,106 | -€3,241 | -22.6% |
| Recurring financial charges | 65 | €14,347 | €11,106 | -€3,241 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €188,716 | €118,605 | -€70,111 | -37.2% |
| Income taxes | 67/77 | €948 | €32,454 | +€31,506 | +3,323% |
| Profit (loss) for the period | 9904 | €187,768 | €86,151 | -€101,617 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €187,768 | €86,151 | -€101,617 | -54.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.