TRD TERRASSEMENT: 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.
TRD TERRASSEMENT
Largest movements
- Cash +€68,401
up €68,401 (+218%), from €31,437 to €99,838
mainly Net result for the year (+€51,584) and Depreciation (+€44,838)
- Receivables within one year +€31,330
up €31,330 (+88.8%), from €35,284 to €66,614
of which Trade receivables: +€31,125
- Tangible fixed assets -€30,279
down €30,279 (-32.9%), from €92,112 to €61,833
of which Furniture and vehicles: -€37,249
- Profit (loss) carried forward +€51,584
up €51,584 (+68.8%), from €74,935 to €126,519
- Tax, wage and social debts +€11,282
up €11,282 (+104%), from €10,857 to €22,138
of which Taxes: +€11,282
- Other debts +€10,205
up €10,205 (+16.2%), from €62,905 to €73,110
- Trade debts -€3,666
no longer reported in 2025 (was €3,666)
- Purchases and services -€60,062
down €60,062 (-29.1%), from €206,199 to €146,138
- Gross operating margin +€52,454
up €52,454 (+80.4%), from €65,215 to €117,669
- Taxes +€13,186
up €13,186 (+817%), from €1,614 to €14,800
- Depreciation +€10,773
up €10,773 (+31.6%), from €34,065 to €44,838
- Turnover -€7,608
down €7,608 (-2.8%), from €271,414 to €263,806
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 | €159,223 | €228,627 | +€69,405 | +43.6% |
| Fixed assets | 21/28 | €92,455 | €62,176 | -€30,279 | -32.8% |
| Tangible fixed assets | 22/27 | €92,112 | €61,833 | -€30,279 | -32.9% |
| Plant, machinery and equipment | 23 | €8,881 | €18,270 | +€9,388 | +106% |
| Furniture and vehicles | 24 | €78,559 | €41,309 | -€37,249 | -47.4% |
| Leasing and similar rights | 25 | €4,672 | €2,254 | -€2,418 | -51.8% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €66,768 | €166,452 | +€99,684 | +149% |
| Amounts receivable within one year | 40/41 | €35,284 | €66,614 | +€31,330 | +88.8% |
| Trade receivables | 40 | €25,805 | €56,930 | +€31,125 | +121% |
| Other amounts receivable | 41 | €9,479 | €9,683 | +€205 | +2.2% |
| Cash at bank and in hand | 54/58 | €31,437 | €99,838 | +€68,401 | +218% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €159,223 | €228,627 | +€69,405 | +43.6% |
| Equity | 10/15 | €81,795 | €133,379 | +€51,584 | +63.1% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,935 | €126,519 | +€51,584 | +68.8% |
| Amounts payable | 17/49 | €77,428 | €95,248 | +€17,821 | +23.0% |
| Amounts payable within one year | 42/48 | €77,428 | €95,248 | +€17,821 | +23.0% |
| Trade debts | 44 | €3,666 | - | -€3,666 | |
| Suppliers | 440/4 | €3,666 | - | -€3,666 | |
| Taxes, remuneration and social security | 45 | €10,857 | €22,138 | +€11,282 | +104% |
| Taxes | 450/3 | €9,657 | €20,938 | +€11,282 | +117% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €62,905 | €73,110 | +€10,205 | +16.2% |
| Turnover | 70 | €271,414 | €263,806 | -€7,608 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €206,199 | €146,138 | -€60,062 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,065 | €44,838 | +€10,773 | +31.6% |
| Other operating charges | 640/8 | €3,076 | €5,952 | +€2,876 | +93.5% |
| Gross operating margin | 9900 | €65,215 | €117,669 | +€52,454 | +80.4% |
| Operating profit (loss) | 9901 | €28,073 | €66,878 | +€38,805 | +138% |
| Financial income | 75/76B | €0 | €26 | +€26 | +21,617% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +21,617% |
| Financial charges | 65/66B | €843 | €521 | -€323 | -38.3% |
| Recurring financial charges | 65 | €843 | €521 | -€323 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €27,230 | €66,384 | +€39,154 | +144% |
| Income taxes | 67/77 | €1,614 | €14,800 | +€13,186 | +817% |
| Profit (loss) for the period | 9904 | €25,616 | €51,584 | +€25,968 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €25,616 | €51,584 | +€25,968 | +101% |
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 27 October 2026 via checked.be.