THYRIA TERRASSEMENTS: 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.
THYRIA TERRASSEMENTS
Largest movements
- Cash -€33,057
down €33,057 (-20.8%), from €158,791 to €125,734
mainly Investment in fixed assets (net) (-€90,354) and Contributions, distributions and other (-€75,923)
- Receivables within one year -€26,586
down €26,586 (-7.2%), from €366,757 to €340,171
of which Trade receivables: -€61,814
- Tangible fixed assets -€11,315
down €11,315 (-6.6%), from €171,924 to €160,609
of which Furniture and vehicles: -€19,912
- Tax, wage and social debts -€55,017
down €55,017 (-98.9%), from €55,617 to €600
- Current portion of long-term debt +€39,055
up €39,055 (+66.9%), from €58,345 to €97,400
- Reserves -€36,346
down €36,346 (-10.5%), from €345,301 to €308,955
of which Distributable reserves: -€34,486
- Other debts -€21,309
no longer reported in 2025 (was €21,309)
- Debts after one year +€10,272
up €10,272 (+9.0%), from €114,575 to €124,847
- Gross operating margin -€58,099
down €58,099 (-25.5%), from €227,828 to €169,729
- Depreciation +€45,223
up €45,223 (+80.1%), from €56,446 to €101,669
- Taxes -€42,008
down €42,008 (-75.5%), from €55,617 to €13,609
- Financial charges -€4,755
down €4,755 (-40.9%), from €11,628 to €6,874
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 | €702,792 | €632,525 | -€70,267 | -10.0% |
| Fixed assets | 21/28 | €172,089 | €160,774 | -€11,315 | -6.6% |
| Tangible fixed assets | 22/27 | €171,924 | €160,609 | -€11,315 | -6.6% |
| Plant, machinery and equipment | 23 | €127,735 | €136,332 | +€8,598 | +6.7% |
| Furniture and vehicles | 24 | €44,189 | €24,277 | -€19,912 | -45.1% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €530,703 | €471,751 | -€58,952 | -11.1% |
| Amounts receivable within one year | 40/41 | €366,757 | €340,171 | -€26,586 | -7.2% |
| Trade receivables | 40 | €321,607 | €259,793 | -€61,814 | -19.2% |
| Other amounts receivable | 41 | €45,150 | €80,377 | +€35,228 | +78.0% |
| Cash at bank and in hand | 54/58 | €158,791 | €125,734 | -€33,057 | -20.8% |
| Deferred charges and accrued income | 490/1 | €5,155 | €5,846 | +€692 | +13.4% |
| Total equity and liabilities | 10/49 | €702,792 | €632,525 | -€70,267 | -10.0% |
| Equity | 10/15 | €363,901 | €329,415 | -€34,486 | -9.5% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €345,301 | €308,955 | -€36,346 | -10.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €343,441 | €308,955 | -€34,486 | -10.0% |
| Amounts payable | 17/49 | €338,891 | €303,110 | -€35,781 | -10.6% |
| Amounts payable after more than one year | 17 | €114,575 | €124,847 | +€10,272 | +9.0% |
| Financial debts | 170/4 | €114,575 | €124,847 | +€10,272 | +9.0% |
| Amounts payable within one year | 42/48 | €224,241 | €178,263 | -€45,977 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €58,345 | €97,400 | +€39,055 | +66.9% |
| Trade debts | 44 | €88,970 | €80,264 | -€8,707 | -9.8% |
| Suppliers | 440/4 | €88,970 | €80,264 | -€8,707 | -9.8% |
| Taxes, remuneration and social security | 45 | €55,617 | €600 | -€55,017 | -98.9% |
| Taxes | 450/3 | €55,617 | €600 | -€55,017 | -98.9% |
| Other amounts payable | 47/48 | €21,309 | - | -€21,309 | |
| Accrued charges and deferred income | 492/3 | €76 | - | -€76 | |
| Remuneration, social security and pensions | 62 | €434 | - | -€434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,446 | €101,669 | +€45,223 | +80.1% |
| Other operating charges | 640/8 | €4,922 | €4,711 | -€211 | -4.3% |
| Non-recurring operating charges | 66A | - | €1,547 | +€1,547 | |
| Gross operating margin | 9900 | €227,828 | €169,729 | -€58,099 | -25.5% |
| Operating profit (loss) | 9901 | €166,026 | €61,803 | -€104,223 | -62.8% |
| Financial income | 75/76B | €26 | €117 | +€90 | +342% |
| Recurring financial income | 75 | €26 | €117 | +€90 | +342% |
| Financial charges | 65/66B | €11,628 | €6,874 | -€4,755 | -40.9% |
| Recurring financial charges | 65 | €11,628 | €6,874 | -€4,755 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €154,424 | €55,046 | -€99,378 | -64.4% |
| Income taxes | 67/77 | €55,617 | €13,609 | -€42,008 | -75.5% |
| Profit (loss) for the period | 9904 | €98,807 | €41,437 | -€57,370 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,807 | €41,437 | -€57,370 | -58.1% |
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 28 October 2026 via checked.be.