TERAZZO: what changed
Two fiscal 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.
TERAZZO
Largest movements
- Stocks and contracts +€12,288
up €12,288 (+293.1%), from €4,192 to €16,480
- Tangible fixed assets -€6,389
down €6,389 (-36.0%), from €17,748 to €11,359
of which Furniture and vehicles: -€4,389
- Receivables within one year -€5,121
down €5,121 (-39.3%), from €13,022 to €7,900
of which Other amounts receivable: -€4,593
- Cash +€827
up €827 (+124.0%), from €667 to €1,495
mainly Other debts (+€25,957) and Advances received (+€6,750)
- Other debts +€25,957
up €25,957 (+351.8%), from €7,379 to €33,336
- Profit (loss) carried forward -€15,707
down €15,707 (-70.6%), from -€22,261 to -€37,968
- Advances received +€6,750
new in 2025: €6,750
- Current portion of long-term debt -€6,699
down €6,699 (-51.5%), from €13,009 to €6,310
- Debts after one year -€6,310
down €6,310 (-51.0%), from €12,370 to €6,060
- Gross operating margin -€32,848
down €32,848, from €29,753 to -€3,095
- Other operating charges +€3,931
up €3,931 (+447.0%), from €879 to €4,810
- Depreciation -€1,608
down €1,608 (-19.5%), from €8,232 to €6,624
- Financial charges -€949
down €949 (-44.6%), from €2,127 to €1,178
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.
Cash bridge derived
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 | €35,864 | €37,234 | +€1,370 | +3.8% |
| Fixed assets | 21/28 | €17,983 | €11,359 | -€6,624 | -36.8% |
| Intangible fixed assets | 21 | €235 | €0 | -€235 | -100.0% |
| Tangible fixed assets | 22/27 | €17,748 | €11,359 | -€6,389 | -36.0% |
| Plant, machinery and equipment | 23 | €5,786 | €3,786 | -€2,000 | -34.6% |
| Furniture and vehicles | 24 | €11,962 | €7,573 | -€4,389 | -36.7% |
| Current assets | 29/58 | €17,881 | €25,875 | +€7,994 | +44.7% |
| Stocks and contracts in progress | 3 | €4,192 | €16,480 | +€12,288 | +293.1% |
| Stocks | 30/36 | €4,192 | €16,480 | +€12,288 | +293.1% |
| Amounts receivable within one year | 40/41 | €13,022 | €7,900 | -€5,121 | -39.3% |
| Trade receivables | 40 | €6,706 | €6,177 | -€528 | -7.9% |
| Other amounts receivable | 41 | €6,316 | €1,723 | -€4,593 | -72.7% |
| Cash at bank and in hand | 54/58 | €667 | €1,495 | +€827 | +124.0% |
| Total equity and liabilities | 10/49 | €35,864 | €37,234 | +€1,370 | +3.8% |
| Equity | 10/15 | -€2,261 | -€17,968 | -€15,707 | -694.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,261 | -€37,968 | -€15,707 | -70.6% |
| Amounts payable | 17/49 | €38,125 | €55,202 | +€17,077 | +44.8% |
| Amounts payable after more than one year | 17 | €12,370 | €6,060 | -€6,310 | -51.0% |
| Financial debts | 170/4 | €12,370 | €6,060 | -€6,310 | -51.0% |
| Amounts payable within one year | 42/48 | €25,755 | €49,142 | +€23,387 | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €13,009 | €6,310 | -€6,699 | -51.5% |
| Advances received on contracts in progress | 46 | - | €6,750 | +€6,750 | |
| Taxes, remuneration and social security | 45 | €5,367 | €2,746 | -€2,621 | -48.8% |
| Taxes | 450/3 | €5,367 | €2,746 | -€2,621 | -48.8% |
| Other amounts payable | 47/48 | €7,379 | €33,336 | +€25,957 | +351.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,232 | €6,624 | -€1,608 | -19.5% |
| Other operating charges | 640/8 | €879 | €4,810 | +€3,931 | +447.0% |
| Gross operating margin | 9900 | €29,753 | -€3,095 | -€32,848 | |
| Operating profit (loss) | 9901 | €20,642 | -€14,529 | -€35,171 | |
| Financial charges | 65/66B | €2,127 | €1,178 | -€949 | -44.6% |
| Recurring financial charges | 65 | €2,127 | €1,178 | -€949 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €18,515 | -€15,707 | -€34,222 | |
| Profit (loss) for the period | 9904 | €18,515 | -€15,707 | -€34,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,515 | -€15,707 | -€34,222 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.