TERRASSEMENTS LEON: 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.
TERRASSEMENTS LEON
Largest movements
- Tangible fixed assets -€68,172
down €68,172 (-14.6%), from €466,314 to €398,142
- Receivables within one year -€46,192
down €46,192 (-35.9%), from €128,540 to €82,348
of which Other amounts receivable: -€65,941
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Reserves -€81,072
down €81,072 (-59.1%), from €137,186 to €56,114
of which Distributable reserves: -€64,400
- Profit (loss) carried forward -€32,291
down €32,291 (-67.1%), from €48,100 to €15,809
- Trade debts -€23,257
down €23,257 (-23.3%), from €99,879 to €76,622
- Current portion of long-term debt +€13,705
up €13,705 (+23.6%), from €58,070 to €71,775
- Gross operating margin -€75,039
down €75,039 (-38.9%), from €192,981 to €117,942
- Financial charges -€8,325
down €8,325 (-36.2%), from €22,983 to €14,658
of which Non-recurring financial charges: -€13,422
- Financial income -€8,074
down €8,074 (-88.8%), from €9,087 to €1,013
- Staff costs -€7,207
no longer reported in 2025 (was €7,207)
- Depreciation +€4,857
up €4,857 (+4.1%), from €118,528 to €123,386
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 | €705,274 | €571,538 | -€133,736 | -19.0% |
| Fixed assets | 21/28 | €466,314 | €398,142 | -€68,172 | -14.6% |
| Tangible fixed assets | 22/27 | €466,314 | €398,142 | -€68,172 | -14.6% |
| Land and buildings | 22 | €56,189 | €58,076 | +€1,887 | +3.4% |
| Plant, machinery and equipment | 23 | €55,571 | €24,946 | -€30,625 | -55.1% |
| Furniture and vehicles | 24 | €28,416 | €16,056 | -€12,360 | -43.5% |
| Leasing and similar rights | 25 | €326,138 | €299,064 | -€27,074 | -8.3% |
| Current assets | 29/58 | €238,960 | €173,397 | -€65,564 | -27.4% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Stocks | 30/36 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €128,540 | €82,348 | -€46,192 | -35.9% |
| Trade receivables | 40 | €13,427 | €33,176 | +€19,749 | +147% |
| Other amounts receivable | 41 | €115,113 | €49,172 | -€65,941 | -57.3% |
| Cash at bank and in hand | 54/58 | €94,349 | €88,557 | -€5,792 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,072 | €2,492 | +€1,420 | +133% |
| Total equity and liabilities | 10/49 | €705,274 | €571,538 | -€133,736 | -19.0% |
| Equity | 10/15 | €312,779 | €198,403 | -€114,376 | -36.6% |
| Contributions | 10/11 | €126,480 | €126,480 | = | 0.0% |
| Reserves | 13 | €137,186 | €56,114 | -€81,072 | -59.1% |
| Non-distributable reserves | 130/1 | €6,189 | €6,189 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,189 | €6,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,596 | €49,925 | -€16,672 | -25.0% |
| Distributable reserves | 133 | €64,400 | - | -€64,400 | |
| Profit (loss) carried forward | 14 | €48,100 | €15,809 | -€32,291 | -67.1% |
| Investment grants | 15 | €1,013 | - | -€1,013 | |
| Provisions and deferred taxes | 16 | €22,199 | €16,642 | -€5,557 | -25.0% |
| Deferred taxes | 168 | €22,199 | €16,642 | -€5,557 | -25.0% |
| Amounts payable | 17/49 | €370,297 | €356,493 | -€13,803 | -3.7% |
| Amounts payable after more than one year | 17 | €200,637 | €194,294 | -€6,343 | -3.2% |
| Financial debts | 170/4 | €200,637 | €194,294 | -€6,343 | -3.2% |
| Amounts payable within one year | 42/48 | €169,659 | €162,199 | -€7,460 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €58,070 | €71,775 | +€13,705 | +23.6% |
| Trade debts | 44 | €99,879 | €76,622 | -€23,257 | -23.3% |
| Suppliers | 440/4 | €99,879 | €76,622 | -€23,257 | -23.3% |
| Taxes, remuneration and social security | 45 | €11,710 | €13,802 | +€2,092 | +17.9% |
| Taxes | 450/3 | €11,710 | €13,802 | +€2,092 | +17.9% |
| Non-recurring operating income | 76A | €86,742 | - | -€86,742 | |
| Remuneration, social security and pensions | 62 | €7,207 | - | -€7,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,528 | €123,386 | +€4,857 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €711 | - | -€711 | |
| Other operating charges | 640/8 | €3,552 | €3,919 | +€367 | +10.3% |
| Non-recurring operating charges | 66A | - | €31,512 | +€31,512 | |
| Gross operating margin | 9900 | €192,981 | €117,942 | -€75,039 | -38.9% |
| Operating profit (loss) | 9901 | €62,982 | -€40,875 | -€103,857 | |
| Financial income | 75/76B | €9,087 | €1,013 | -€8,074 | -88.8% |
| Recurring financial income | 75 | €9,087 | €1,013 | -€8,074 | -88.8% |
| Financial charges | 65/66B | €22,983 | €14,658 | -€8,325 | -36.2% |
| Recurring financial charges | 65 | €9,561 | €14,658 | +€5,097 | +53.3% |
| Non-recurring financial charges | 66B | €13,422 | - | -€13,422 | |
| Profit (loss) for the period before taxes | 9903 | €49,086 | -€54,520 | -€103,606 | |
| Transfer from deferred taxes | 780 | €5,178 | €5,557 | +€379 | +7.3% |
| Transfer to deferred taxes | 680 | €21,668 | - | -€21,668 | |
| Income taxes | 67/77 | -€4,037 | - | +€4,037 | |
| Profit (loss) for the period | 9904 | €36,633 | -€48,962 | -€85,596 | |
| Transfer from tax-exempt reserves | 789 | €15,535 | €16,672 | +€1,137 | +7.3% |
| Transfer to tax-exempt reserves | 689 | €65,005 | - | -€65,005 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,837 | -€32,291 | -€19,454 | -152% |
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.