T.C. ELECTRICITE & CONSTRUCTION: 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.C. ELECTRICITE & CONSTRUCTION
Largest movements
- Receivables within one year -€30,886
down €30,886 (-32.9%), from €93,991 to €63,105
of which Trade receivables: -€16,192
- Cash +€12,703
up €12,703 (+7.3%), from €173,834 to €186,537
mainly Receivables within one year (+€30,886) and Net result for the year (+€13,644)
- Tangible fixed assets -€6,612
down €6,612 (-40.0%), from €16,537 to €9,925
of which Furniture and vehicles: -€5,673
- Deferred charges and accrued income +€3,663
up €3,663 (+75.1%), from €4,881 to €8,545
- Trade debts -€38,054
down €38,054 (-51.5%), from €73,910 to €35,856
- Profit (loss) carried forward +€13,644
up €13,644 (+10.1%), from €135,017 to €148,661
- Tax, wage and social debts +€7,217
up €7,217 (+48.1%), from €15,014 to €22,232
- Debts after one year -€3,551
down €3,551 (-83.1%), from €4,272 to €721
- Staff costs +€85,629
up €85,629 (+35.3%), from €242,904 to €328,532
- Gross operating margin +€85,041
up €85,041 (+31.1%), from €273,265 to €358,306
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 | €289,244 | €268,112 | -€21,132 | -7.3% |
| Fixed assets | 21/28 | €16,537 | €9,925 | -€6,612 | -40.0% |
| Tangible fixed assets | 22/27 | €16,537 | €9,925 | -€6,612 | -40.0% |
| Plant, machinery and equipment | 23 | €3,512 | €4,374 | +€862 | +24.5% |
| Furniture and vehicles | 24 | €9,424 | €3,751 | -€5,673 | -60.2% |
| Other tangible fixed assets | 26 | €3,600 | €1,800 | -€1,800 | -50.0% |
| Current assets | 29/58 | €272,707 | €258,187 | -€14,520 | -5.3% |
| Amounts receivable within one year | 40/41 | €93,991 | €63,105 | -€30,886 | -32.9% |
| Trade receivables | 40 | €57,468 | €41,275 | -€16,192 | -28.2% |
| Other amounts receivable | 41 | €36,524 | €21,830 | -€14,694 | -40.2% |
| Cash at bank and in hand | 54/58 | €173,834 | €186,537 | +€12,703 | +7.3% |
| Deferred charges and accrued income | 490/1 | €4,881 | €8,545 | +€3,663 | +75.1% |
| Total equity and liabilities | 10/49 | €289,244 | €268,112 | -€21,132 | -7.3% |
| Equity | 10/15 | €179,277 | €192,921 | +€13,644 | +7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,017 | €148,661 | +€13,644 | +10.1% |
| Amounts payable | 17/49 | €109,966 | €75,191 | -€34,776 | -31.6% |
| Amounts payable after more than one year | 17 | €4,272 | €721 | -€3,551 | -83.1% |
| Financial debts | 170/4 | €4,272 | €721 | -€3,551 | -83.1% |
| Amounts payable within one year | 42/48 | €105,597 | €74,470 | -€31,127 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €12,204 | €11,359 | -€845 | -6.9% |
| Trade debts | 44 | €73,910 | €35,856 | -€38,054 | -51.5% |
| Suppliers | 440/4 | €73,910 | €35,856 | -€38,054 | -51.5% |
| Taxes, remuneration and social security | 45 | €15,014 | €22,232 | +€7,217 | +48.1% |
| Remuneration and social security | 454/9 | €15,014 | €22,232 | +€7,217 | +48.1% |
| Other amounts payable | 47/48 | €4,469 | €5,023 | +€555 | +12.4% |
| Accrued charges and deferred income | 492/3 | €98 | - | -€98 | |
| Remuneration, social security and pensions | 62 | €242,904 | €328,532 | +€85,629 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,260 | €9,857 | +€597 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117 | - | -€117 | |
| Other operating charges | 640/8 | €387 | €645 | +€258 | +66.6% |
| Gross operating margin | 9900 | €273,265 | €358,306 | +€85,041 | +31.1% |
| Operating profit (loss) | 9901 | €20,597 | €19,271 | -€1,326 | -6.4% |
| Financial income | 75/76B | €27 | €80 | +€53 | +198% |
| Recurring financial income | 75 | €27 | €80 | +€53 | +198% |
| Financial charges | 65/66B | €1,269 | €1,145 | -€123 | -9.7% |
| Recurring financial charges | 65 | €1,269 | €1,145 | -€123 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €19,355 | €18,206 | -€1,149 | -5.9% |
| Income taxes | 67/77 | €1,059 | €4,562 | +€3,502 | +331% |
| Profit (loss) for the period | 9904 | €18,296 | €13,644 | -€4,652 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,296 | €13,644 | -€4,652 | -25.4% |
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 30 October 2026 via checked.be.