MC 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.
MC TERRASSEMENT
Largest movements
- Receivables within one year -€27,116
down €27,116 (-55.9%), from €48,495 to €21,379
of which Trade receivables: -€22,530
- Tangible fixed assets +€20,580
up €20,580 (+11.9%), from €172,856 to €193,435
of which Furniture and vehicles: +€27,656
- Stocks and contracts +€10,126
new in 2025: €10,126
- Cash +€7,566
up €7,566 (+77.3%), from €9,787 to €17,353
mainly Depreciation (+€46,506) and Receivables within one year (+€27,116)
- Debts after one year +€3,898
up €3,898 (+4.6%), from €84,868 to €88,765
- Other debts +€3,032
up €3,032 (+71.1%), from €4,262 to €7,294
- Gross operating margin -€35,310
down €35,310 (-25.1%), from €140,566 to €105,256
- Staff costs +€25,350
up €25,350 (+99.6%), from €25,451 to €50,802
- Depreciation +€17,193
up €17,193 (+58.7%), from €29,313 to €46,506
- Taxes -€17,079
no longer reported in 2025 (was €17,079)
- Other operating charges -€7,185
down €7,185 (-85.0%), from €8,455 to €1,270
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 | €236,403 | €247,145 | +€10,742 | +4.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €173,910 | €194,390 | +€20,480 | +11.8% |
| Intangible fixed assets | 21 | €850 | €750 | -€100 | -11.8% |
| Tangible fixed assets | 22/27 | €172,856 | €193,435 | +€20,580 | +11.9% |
| Land and buildings | 22 | €2,127 | €1,877 | -€250 | -11.8% |
| Plant, machinery and equipment | 23 | €78,042 | €75,054 | -€2,988 | -3.8% |
| Furniture and vehicles | 24 | €60,073 | €87,728 | +€27,656 | +46.0% |
| Leasing and similar rights | 25 | €27,298 | €24,085 | -€3,213 | -11.8% |
| Other tangible fixed assets | 26 | €5,317 | €4,691 | -€626 | -11.8% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €62,493 | €52,755 | -€9,737 | -15.6% |
| Stocks and contracts in progress | 3 | - | €10,126 | +€10,126 | |
| Contracts in progress | 37 | - | €10,126 | +€10,126 | |
| Amounts receivable within one year | 40/41 | €48,495 | €21,379 | -€27,116 | -55.9% |
| Trade receivables | 40 | €39,501 | €16,971 | -€22,530 | -57.0% |
| Other amounts receivable | 41 | €8,994 | €4,408 | -€4,586 | -51.0% |
| Cash at bank and in hand | 54/58 | €9,787 | €17,353 | +€7,566 | +77.3% |
| Deferred charges and accrued income | 490/1 | €4,211 | €3,898 | -€313 | -7.4% |
| Total equity and liabilities | 10/49 | €236,403 | €247,145 | +€10,742 | +4.5% |
| Equity | 10/15 | €67,772 | €68,894 | +€1,122 | +1.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,772 | €58,894 | +€1,122 | +1.9% |
| Amounts payable | 17/49 | €168,632 | €178,251 | +€9,620 | +5.7% |
| Amounts payable after more than one year | 17 | €84,868 | €88,765 | +€3,898 | +4.6% |
| Financial debts | 170/4 | €84,868 | €88,765 | +€3,898 | +4.6% |
| Amounts payable within one year | 42/48 | €83,078 | €89,486 | +€6,408 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €35,185 | €36,070 | +€885 | +2.5% |
| Trade debts | 44 | €25,635 | €25,752 | +€117 | +0.5% |
| Suppliers | 440/4 | €25,635 | €25,752 | +€117 | +0.5% |
| Taxes, remuneration and social security | 45 | €17,997 | €20,371 | +€2,374 | +13.2% |
| Taxes | 450/3 | €7,937 | €6,500 | -€1,437 | -18.1% |
| Remuneration and social security | 454/9 | €10,060 | €13,871 | +€3,811 | +37.9% |
| Other amounts payable | 47/48 | €4,262 | €7,294 | +€3,032 | +71.1% |
| Accrued charges and deferred income | 492/3 | €686 | - | -€686 | |
| Remuneration, social security and pensions | 62 | €25,451 | €50,802 | +€25,350 | +99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,313 | €46,506 | +€17,193 | +58.7% |
| Other operating charges | 640/8 | €8,455 | €1,270 | -€7,185 | -85.0% |
| Gross operating margin | 9900 | €140,566 | €105,256 | -€35,310 | -25.1% |
| Operating profit (loss) | 9901 | €77,346 | €6,678 | -€70,668 | -91.4% |
| Financial charges | 65/66B | €2,495 | €5,555 | +€3,060 | +123% |
| Recurring financial charges | 65 | €2,495 | €5,555 | +€3,060 | +123% |
| Profit (loss) for the period before taxes | 9903 | €74,851 | €1,122 | -€73,728 | -98.5% |
| Income taxes | 67/77 | €17,079 | - | -€17,079 | |
| Profit (loss) for the period | 9904 | €57,772 | €1,122 | -€56,649 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,772 | €1,122 | -€56,649 | -98.1% |
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 14 October 2026 via checked.be.