MN 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.
MN TERRASSEMENT
Largest movements
- Tangible fixed assets +€317,339
up €317,339 (+103%), from €307,871 to €625,209
of which Leasing and similar rights: +€240,886
- Receivables within one year +€135,172
up €135,172 (+170%), from €79,424 to €214,596
of which Trade receivables: +€126,566
- Cash +€52,026
up €52,026 (+31.9%), from €163,270 to €215,297
mainly Depreciation (+€195,096) and Debts after one year (+€192,555)
- Debts after one year +€192,555
up €192,555 (+86.3%), from €223,044 to €415,599
- Profit (loss) carried forward +€162,262
up €162,262 (+92.9%), from €174,636 to €336,898
- Current portion of long-term debt +€104,299
up €104,299 (+186%), from €56,079 to €160,378
- Trade debts +€26,242
up €26,242 (+659%), from €3,985 to €30,226
- Tax, wage and social debts +€22,405
up €22,405 (+52.2%), from €42,916 to €65,321
of which Taxes: +€18,478
- Gross operating margin +€190,896
up €190,896 (+68.7%), from €277,829 to €468,724
- Staff costs +€59,998
new in 2025: €59,998
- Depreciation +€57,922
up €57,922 (+42.2%), from €137,174 to €195,096
- Taxes +€8,144
up €8,144 (+30.8%), from €26,447 to €34,591
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 | €552,704 | €1,058,986 | +€506,281 | +91.6% |
| Fixed assets | 21/28 | €308,071 | €625,409 | +€317,339 | +103% |
| Tangible fixed assets | 22/27 | €307,871 | €625,209 | +€317,339 | +103% |
| Plant, machinery and equipment | 23 | €265,368 | €174,916 | -€90,452 | -34.1% |
| Furniture and vehicles | 24 | €42,502 | €209,408 | +€166,905 | +393% |
| Leasing and similar rights | 25 | - | €240,886 | +€240,886 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €244,634 | €433,576 | +€188,942 | +77.2% |
| Amounts receivable within one year | 40/41 | €79,424 | €214,596 | +€135,172 | +170% |
| Trade receivables | 40 | €79,424 | €205,989 | +€126,566 | +159% |
| Other amounts receivable | 41 | €0 | €8,606 | +€8,606 | |
| Cash at bank and in hand | 54/58 | €163,270 | €215,297 | +€52,026 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,940 | €3,684 | +€1,744 | +89.9% |
| Total equity and liabilities | 10/49 | €552,704 | €1,058,986 | +€506,281 | +91.6% |
| Equity | 10/15 | €176,636 | €338,898 | +€162,262 | +91.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €174,636 | €336,898 | +€162,262 | +92.9% |
| Amounts payable | 17/49 | €376,068 | €720,087 | +€344,019 | +91.5% |
| Amounts payable after more than one year | 17 | €223,044 | €415,599 | +€192,555 | +86.3% |
| Financial debts | 170/4 | €223,044 | €415,599 | +€192,555 | +86.3% |
| Amounts payable within one year | 42/48 | €153,024 | €304,489 | +€151,464 | +99.0% |
| Current portion of amounts payable after more than one year | 42 | €56,079 | €160,378 | +€104,299 | +186% |
| Trade debts | 44 | €3,985 | €30,226 | +€26,242 | +659% |
| Suppliers | 440/4 | €3,985 | €30,226 | +€26,242 | +659% |
| Taxes, remuneration and social security | 45 | €42,916 | €65,321 | +€22,405 | +52.2% |
| Taxes | 450/3 | €42,916 | €61,394 | +€18,478 | +43.1% |
| Remuneration and social security | 454/9 | - | €3,927 | +€3,927 | |
| Other amounts payable | 47/48 | €50,045 | €48,563 | -€1,482 | -3.0% |
| Remuneration, social security and pensions | 62 | - | €59,998 | +€59,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,174 | €195,096 | +€57,922 | +42.2% |
| Other operating charges | 640/8 | €2,214 | €1,594 | -€621 | -28.0% |
| Gross operating margin | 9900 | €277,829 | €468,724 | +€190,896 | +68.7% |
| Operating profit (loss) | 9901 | €138,441 | €212,037 | +€73,596 | +53.2% |
| Financial income | 75/76B | €5 | €9 | +€4 | +70.3% |
| Recurring financial income | 75 | €5 | €9 | +€4 | +70.3% |
| Financial charges | 65/66B | €11,192 | €15,193 | +€4,001 | +35.7% |
| Recurring financial charges | 65 | €11,192 | €15,193 | +€4,001 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €127,254 | €196,853 | +€69,599 | +54.7% |
| Income taxes | 67/77 | €26,447 | €34,591 | +€8,144 | +30.8% |
| Profit (loss) for the period | 9904 | €100,807 | €162,262 | +€61,455 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,807 | €162,262 | +€61,455 | +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 26 October 2026 via checked.be.