Terrasdesign: 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.
Terrasdesign
Largest movements
- Tangible fixed assets -€30,924
down €30,924 (-22.2%), from €139,428 to €108,504
of which Furniture and vehicles: -€36,285
- Receivables after one year +€25,800
up €25,800 (+31.8%), from €81,100 to €106,900
- Receivables within one year -€24,398
down €24,398 (-18.0%), from €135,602 to €111,204
of which Other amounts receivable: -€40,968
- Cash +€6,916
up €6,916 (+12.4%), from €55,839 to €62,754
mainly Depreciation (+€40,652) and Net result for the year (+€29,060)
- Debts after one year -€18,341
down €18,341 (-23.7%), from €77,274 to €58,933
- Current portion of long-term debt -€10,452
down €10,452 (-36.3%), from €28,794 to €18,341
- Reserves +€9,800
up €9,800 (+4.3%), from €226,952 to €236,752
of which Distributable reserves: +€9,800
- Trade debts -€7,482
down €7,482 (-20.5%), from €36,449 to €28,967
- Gross operating margin -€29,545
down €29,545 (-26.0%), from €113,613 to €84,068
- Depreciation +€22,403
up €22,403 (+122.8%), from €18,249 to €40,652
- Taxes -€15,046
down €15,046 (-54.0%), from €27,884 to €12,838
- Financial charges +€2,428
up €2,428 (+339.3%), from €716 to €3,144
- Financial income +€2,034
up €2,034 (+59.6%), from €3,409 to €5,443
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 | €414,331 | €389,863 | -€24,468 | -5.9% |
| Fixed assets | 21/28 | €139,428 | €108,504 | -€30,924 | -22.2% |
| Tangible fixed assets | 22/27 | €139,428 | €108,504 | -€30,924 | -22.2% |
| Plant, machinery and equipment | 23 | €5,925 | €11,286 | +€5,361 | +90.5% |
| Furniture and vehicles | 24 | €133,503 | €97,218 | -€36,285 | -27.2% |
| Current assets | 29/58 | €274,903 | €281,358 | +€6,455 | +2.3% |
| Amounts receivable after more than one year | 29 | €81,100 | €106,900 | +€25,800 | +31.8% |
| Other amounts receivable | 291 | €81,100 | €106,900 | +€25,800 | +31.8% |
| Amounts receivable within one year | 40/41 | €135,602 | €111,204 | -€24,398 | -18.0% |
| Trade receivables | 40 | €89,952 | €106,521 | +€16,570 | +18.4% |
| Other amounts receivable | 41 | €45,651 | €4,683 | -€40,968 | -89.7% |
| Cash at bank and in hand | 54/58 | €55,839 | €62,754 | +€6,916 | +12.4% |
| Deferred charges and accrued income | 490/1 | €2,362 | €500 | -€1,862 | -78.8% |
| Total equity and liabilities | 10/49 | €414,331 | €389,863 | -€24,468 | -5.9% |
| Equity | 10/15 | €247,210 | €257,010 | +€9,800 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,952 | €236,752 | +€9,800 | +4.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €226,952 | €236,752 | +€9,800 | +4.3% |
| Profit (loss) carried forward | 14 | €1,658 | €1,658 | = | 0.0% |
| Amounts payable | 17/49 | €167,121 | €132,853 | -€34,268 | -20.5% |
| Amounts payable after more than one year | 17 | €77,274 | €58,933 | -€18,341 | -23.7% |
| Financial debts | 170/4 | €77,274 | €58,933 | -€18,341 | -23.7% |
| Amounts payable within one year | 42/48 | €89,847 | €73,920 | -€15,927 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €28,794 | €18,341 | -€10,452 | -36.3% |
| Trade debts | 44 | €36,449 | €28,967 | -€7,482 | -20.5% |
| Suppliers | 440/4 | €36,449 | €28,967 | -€7,482 | -20.5% |
| Taxes, remuneration and social security | 45 | €9,105 | €7,352 | -€1,753 | -19.3% |
| Taxes | 450/3 | €9,105 | €7,352 | -€1,753 | -19.3% |
| Other amounts payable | 47/48 | €15,500 | €19,260 | +€3,760 | +24.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,249 | €40,652 | +€22,403 | +122.8% |
| Other operating charges | 640/8 | €4,096 | €3,818 | -€278 | -6.8% |
| Non-recurring operating charges | 66A | €4,868 | €0 | -€4,868 | -100.0% |
| Gross operating margin | 9900 | €113,613 | €84,068 | -€29,545 | -26.0% |
| Operating profit (loss) | 9901 | €86,401 | €39,598 | -€46,803 | -54.2% |
| Financial income | 75/76B | €3,409 | €5,443 | +€2,034 | +59.6% |
| Recurring financial income | 75 | €3,409 | €5,443 | +€2,034 | +59.6% |
| Financial charges | 65/66B | €716 | €3,144 | +€2,428 | +339.3% |
| Recurring financial charges | 65 | €716 | €3,144 | +€2,428 | +339.3% |
| Profit (loss) for the period before taxes | 9903 | €89,095 | €41,897 | -€47,197 | -53.0% |
| Income taxes | 67/77 | €27,884 | €12,838 | -€15,046 | -54.0% |
| Profit (loss) for the period | 9904 | €61,210 | €29,060 | -€32,151 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,210 | €29,060 | -€32,151 | -52.5% |
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 4 October 2026 via checked.be.