Terracon: 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.
Terracon
Largest movements
- Receivables within one year +€76,176
up €76,176 (+89.3%), from €85,289 to €161,464
of which Trade receivables: +€71,206
- Cash -€64,808
down €64,808 (-59.9%), from €108,182 to €43,374
mainly Contributions, distributions and other (-€102,258) and Receivables within one year (-€76,176)
- Tangible fixed assets +€9,731
up €9,731 (+8.6%), from €113,314 to €123,045
of which Furniture and vehicles: +€22,606
- Tax, wage and social debts +€16,757
up €16,757 (+62.4%), from €26,834 to €43,591
of which Remuneration and social security: +€12,286
- Trade debts -€8,098
down €8,098 (-40.1%), from €20,210 to €12,112
- Short-term financial debts +€6,667
new in 2025: €6,667
- Debts after one year +€4,657
up €4,657 (+27.7%), from €16,805 to €21,462
- Current portion of long-term debt -€4,232
down €4,232 (-16.8%), from €25,142 to €20,910
- Staff costs +€17,216
up €17,216 (+7.6%), from €226,650 to €243,866
- Taxes -€10,199
down €10,199 (-26.8%), from €38,126 to €27,927
- Gross operating margin -€7,975
down €7,975 (-1.9%), from €426,013 to €418,037
- Depreciation +€4,904
up €4,904 (+14.3%), from €34,290 to €39,195
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 | €313,109 | €335,524 | +€22,415 | +7.2% |
| Fixed assets | 21/28 | €114,834 | €124,485 | +€9,651 | +8.4% |
| Intangible fixed assets | 21 | €1,399 | €1,069 | -€330 | -23.6% |
| Tangible fixed assets | 22/27 | €113,314 | €123,045 | +€9,731 | +8.6% |
| Plant, machinery and equipment | 23 | €28,540 | €16,842 | -€11,698 | -41.0% |
| Furniture and vehicles | 24 | €75,026 | €97,632 | +€22,606 | +30.1% |
| Other tangible fixed assets | 26 | €9,748 | €8,571 | -€1,178 | -12.1% |
| Financial fixed assets | 28 | €121 | €371 | +€250 | +206.1% |
| Current assets | 29/58 | €198,275 | €211,039 | +€12,764 | +6.4% |
| Amounts receivable within one year | 40/41 | €85,289 | €161,464 | +€76,176 | +89.3% |
| Trade receivables | 40 | €75,391 | €146,597 | +€71,206 | +94.4% |
| Other amounts receivable | 41 | €9,898 | €14,868 | +€4,970 | +50.2% |
| Cash at bank and in hand | 54/58 | €108,182 | €43,374 | -€64,808 | -59.9% |
| Deferred charges and accrued income | 490/1 | €4,804 | €6,201 | +€1,397 | +29.1% |
| Total equity and liabilities | 10/49 | €313,109 | €335,524 | +€22,415 | +7.2% |
| Equity | 10/15 | €97,009 | €97,009 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €78,459 | €78,459 | = | 0.0% |
| Distributable reserves | 133 | €78,459 | €78,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €216,100 | €238,515 | +€22,415 | +10.4% |
| Amounts payable after more than one year | 17 | €16,805 | €21,462 | +€4,657 | +27.7% |
| Financial debts | 170/4 | €16,805 | €21,462 | +€4,657 | +27.7% |
| Amounts payable within one year | 42/48 | €199,295 | €214,492 | +€15,197 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €25,142 | €20,910 | -€4,232 | -16.8% |
| Financial debts | 43 | - | €6,667 | +€6,667 | |
| Credit institutions | 430/8 | - | €6,667 | +€6,667 | |
| Trade debts | 44 | €20,210 | €12,112 | -€8,098 | -40.1% |
| Suppliers | 440/4 | €20,210 | €12,112 | -€8,098 | -40.1% |
| Taxes, remuneration and social security | 45 | €26,834 | €43,591 | +€16,757 | +62.4% |
| Taxes | 450/3 | €9,466 | €13,937 | +€4,471 | +47.2% |
| Remuneration and social security | 454/9 | €17,368 | €29,655 | +€12,286 | +70.7% |
| Other amounts payable | 47/48 | €127,108 | €131,211 | +€4,103 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €2,561 | +€2,561 | |
| Non-recurring operating income | 76A | €900 | €14,780 | +€13,880 | +1542.2% |
| Remuneration, social security and pensions | 62 | €226,650 | €243,866 | +€17,216 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,290 | €39,195 | +€4,904 | +14.3% |
| Other operating charges | 640/8 | €3,165 | €3,157 | -€8 | -0.3% |
| Gross operating margin | 9900 | €426,013 | €418,037 | -€7,975 | -1.9% |
| Operating profit (loss) | 9901 | €161,907 | €131,820 | -€30,087 | -18.6% |
| Financial income | 75/76B | €0 | €380 | +€380 | +1899750.0% |
| Recurring financial income | 75 | €0 | €380 | +€380 | +1899750.0% |
| Financial charges | 65/66B | €1,572 | €2,015 | +€443 | +28.2% |
| Recurring financial charges | 65 | €1,572 | €2,015 | +€443 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €160,336 | €130,185 | -€30,151 | -18.8% |
| Income taxes | 67/77 | €38,126 | €27,927 | -€10,199 | -26.8% |
| Profit (loss) for the period | 9904 | €122,210 | €102,258 | -€19,952 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,210 | €102,258 | -€19,952 | -16.3% |
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 2 October 2026 via checked.be.