T&B Construct: 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.
T&B Construct
Largest movements
- Cash -€31,348
down €31,348 (-40.2%), from €77,982 to €46,634
mainly Contributions, distributions and other (-€94,742) and Investment in fixed assets (net) (-€38,748)
- Stocks and contracts +€25,000
new in 2025: €25,000
- Tangible fixed assets +€22,808
up €22,808 (+56.6%), from €40,272 to €63,080
of which Leasing and similar rights: +€22,903
- Reserves -€90,844
down €90,844 (-95.9%), from €94,742 to €3,898
- Other debts +€86,086
up €86,086 (+347.8%), from €24,749 to €110,835
- Trade debts +€10,223
up €10,223 (+2309.0%), from €443 to €10,665
- Debts after one year +€7,379
up €7,379 (+46.7%), from €15,786 to €23,165
- Current portion of long-term debt +€4,080
up €4,080 (+43.2%), from €9,441 to €13,521
- Gross operating margin -€34,437
down €34,437 (-59.5%), from €57,925 to €23,488
- Taxes -€7,940
down €7,940 (-92.6%), from €8,572 to €631
- Depreciation +€3,430
up €3,430 (+26.8%), from €12,774 to €16,204
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 | €148,660 | €165,665 | +€17,005 | +11.4% |
| Fixed assets | 21/28 | €41,235 | €63,779 | +€22,544 | +54.7% |
| Intangible fixed assets | 21 | €963 | €699 | -€265 | -27.5% |
| Tangible fixed assets | 22/27 | €40,272 | €63,080 | +€22,808 | +56.6% |
| Plant, machinery and equipment | 23 | €12,760 | €7,940 | -€4,820 | -37.8% |
| Furniture and vehicles | 24 | - | €4,726 | +€4,726 | |
| Leasing and similar rights | 25 | €27,512 | €50,414 | +€22,903 | +83.2% |
| Current assets | 29/58 | €107,425 | €101,887 | -€5,539 | -5.2% |
| Stocks and contracts in progress | 3 | - | €25,000 | +€25,000 | |
| Contracts in progress | 37 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €23,887 | €25,365 | +€1,478 | +6.2% |
| Trade receivables | 40 | €14,032 | €11,194 | -€2,838 | -20.2% |
| Other amounts receivable | 41 | €9,855 | €14,171 | +€4,316 | +43.8% |
| Cash at bank and in hand | 54/58 | €77,982 | €46,634 | -€31,348 | -40.2% |
| Deferred charges and accrued income | 490/1 | €5,556 | €4,887 | -€668 | -12.0% |
| Total equity and liabilities | 10/49 | €148,660 | €165,665 | +€17,005 | +11.4% |
| Equity | 10/15 | €96,742 | €5,898 | -€90,844 | -93.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €94,742 | €3,898 | -€90,844 | -95.9% |
| Distributable reserves | 133 | €94,742 | €3,898 | -€90,844 | -95.9% |
| Amounts payable | 17/49 | €51,919 | €159,768 | +€107,849 | +207.7% |
| Amounts payable after more than one year | 17 | €15,786 | €23,165 | +€7,379 | +46.7% |
| Financial debts | 170/4 | €15,786 | €23,165 | +€7,379 | +46.7% |
| Amounts payable within one year | 42/48 | €36,133 | €136,603 | +€100,470 | +278.1% |
| Current portion of amounts payable after more than one year | 42 | €9,441 | €13,521 | +€4,080 | +43.2% |
| Trade debts | 44 | €443 | €10,665 | +€10,223 | +2309.0% |
| Suppliers | 440/4 | €443 | €10,665 | +€10,223 | +2309.0% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,581 | +€81 | +5.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,581 | +€81 | +5.4% |
| Other amounts payable | 47/48 | €24,749 | €110,835 | +€86,086 | +347.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,774 | €16,204 | +€3,430 | +26.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €954 | €1,177 | +€223 | +23.4% |
| Gross operating margin | 9900 | €57,925 | €23,488 | -€34,437 | -59.5% |
| Operating profit (loss) | 9901 | €44,197 | €6,107 | -€38,090 | -86.2% |
| Financial income | 75/76B | €1 | €1 | +€0 | +10.1% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +10.1% |
| Financial charges | 65/66B | €1,681 | €1,579 | -€102 | -6.1% |
| Recurring financial charges | 65 | €1,681 | €1,579 | -€102 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €42,516 | €4,529 | -€37,987 | -89.3% |
| Income taxes | 67/77 | €8,572 | €631 | -€7,940 | -92.6% |
| Profit (loss) for the period | 9904 | €33,945 | €3,898 | -€30,047 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,945 | €3,898 | -€30,047 | -88.5% |
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 11 October 2026 via checked.be.