MP 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.
MP TERRASSEMENT
Largest movements
- Tangible fixed assets -€40,908
down €40,908 (-9.7%), from €421,659 to €380,751
of which Furniture and vehicles: -€33,394
- Deferred charges and accrued income +€23,877
up €23,877 (+423%), from €5,648 to €29,525
- Cash -€20,583
down €20,583 (-100%), from €20,583 to €0
mainly Debts after one year (-€51,184) and Investment in fixed assets (net) (-€50,427)
- Receivables within one year -€9,919
down €9,919 (-15.2%), from €65,380 to €55,461
of which Trade receivables: -€10,032
- Debts after one year -€51,184
down €51,184 (-16.5%), from €310,846 to €259,662
- Profit (loss) carried forward -€37,798
down €37,798, from €0 to -€37,798
- Trade debts +€24,563
up €24,563 (+25.3%), from €97,150 to €121,714
- Other debts +€7,136
up €7,136 (+79.5%), from €8,981 to €16,117
- Short-term financial debts +€5,371
new in 2025: €5,371
- Staff costs +€38,716
up €38,716 (+58.0%), from €66,776 to €105,492
- Depreciation +€15,298
up €15,298 (+20.6%), from €74,208 to €89,506
- Gross operating margin -€13,554
down €13,554 (-7.0%), from €192,489 to €178,935
- Other operating charges -€7,922
down €7,922 (-64.8%), from €12,230 to €4,308
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 | €526,115 | €475,935 | -€50,180 | -9.5% |
| Formation expenses | 20 | €1,131 | €751 | -€381 | -33.7% |
| Fixed assets | 21/28 | €425,794 | €387,096 | -€38,698 | -9.1% |
| Tangible fixed assets | 22/27 | €421,659 | €380,751 | -€40,908 | -9.7% |
| Plant, machinery and equipment | 23 | €28,022 | €26,822 | -€1,200 | -4.3% |
| Furniture and vehicles | 24 | €160,726 | €127,331 | -€33,394 | -20.8% |
| Leasing and similar rights | 25 | €232,911 | €226,598 | -€6,313 | -2.7% |
| Financial fixed assets | 28 | €4,135 | €6,345 | +€2,210 | +53.4% |
| Current assets | 29/58 | €99,190 | €88,088 | -€11,102 | -11.2% |
| Stocks and contracts in progress | 3 | €7,579 | €3,102 | -€4,477 | -59.1% |
| Stocks | 30/36 | €7,579 | €3,102 | -€4,477 | -59.1% |
| Amounts receivable within one year | 40/41 | €65,380 | €55,461 | -€9,919 | -15.2% |
| Trade receivables | 40 | €52,593 | €42,560 | -€10,032 | -19.1% |
| Other amounts receivable | 41 | €12,787 | €12,901 | +€114 | +0.9% |
| Cash at bank and in hand | 54/58 | €20,583 | €0 | -€20,583 | -100% |
| Deferred charges and accrued income | 490/1 | €5,648 | €29,525 | +€23,877 | +423% |
| Total equity and liabilities | 10/49 | €526,115 | €475,935 | -€50,180 | -9.5% |
| Equity | 10/15 | €20,319 | -€17,478 | -€37,798 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,319 | €10,319 | = | 0.0% |
| Distributable reserves | 133 | €10,319 | €10,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€37,798 | -€37,798 | |
| Amounts payable | 17/49 | €505,796 | €493,413 | -€12,383 | -2.4% |
| Amounts payable after more than one year | 17 | €310,846 | €259,662 | -€51,184 | -16.5% |
| Financial debts | 170/4 | €310,846 | €259,662 | -€51,184 | -16.5% |
| Amounts payable within one year | 42/48 | €194,950 | €233,751 | +€38,801 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €82,145 | €86,845 | +€4,700 | +5.7% |
| Financial debts | 43 | - | €5,371 | +€5,371 | |
| Credit institutions | 430/8 | - | €5,371 | +€5,371 | |
| Trade debts | 44 | €97,150 | €121,714 | +€24,563 | +25.3% |
| Suppliers | 440/4 | €97,150 | €121,714 | +€24,563 | +25.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €6,674 | €3,704 | -€2,970 | -44.5% |
| Taxes | 450/3 | €2,666 | €515 | -€2,151 | -80.7% |
| Remuneration and social security | 454/9 | €4,009 | €3,189 | -€819 | -20.4% |
| Other amounts payable | 47/48 | €8,981 | €16,117 | +€7,136 | +79.5% |
| Remuneration, social security and pensions | 62 | €66,776 | €105,492 | +€38,716 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,208 | €89,506 | +€15,298 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €650 | -€650 | -€1,300 | |
| Other operating charges | 640/8 | €12,230 | €4,308 | -€7,922 | -64.8% |
| Non-recurring operating charges | 66A | €1,607 | - | -€1,607 | |
| Gross operating margin | 9900 | €192,489 | €178,935 | -€13,554 | -7.0% |
| Operating profit (loss) | 9901 | €37,018 | -€19,721 | -€56,738 | |
| Financial income | 75/76B | €78 | €0 | -€78 | -99.7% |
| Recurring financial income | 75 | €78 | €0 | -€78 | -99.7% |
| Financial charges | 65/66B | €16,913 | €17,982 | +€1,070 | +6.3% |
| Recurring financial charges | 65 | €16,913 | €17,982 | +€1,070 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €20,183 | -€37,703 | -€57,886 | |
| Income taxes | 67/77 | - | €95 | +€95 | |
| Profit (loss) for the period | 9904 | €20,183 | -€37,798 | -€57,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,183 | -€37,798 | -€57,981 |
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 16 October 2026 via checked.be.