T&C Projects: what changed
Two fiscal 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 Projects
Largest movements
- Tangible fixed assets -€8,572
down €8,572 (-63.4%), from €13,525 to €4,953
of which Furniture and vehicles: -€7,453
- Cash +€7,326
up €7,326 (+10.3%), from €70,859 to €78,185
mainly Depreciation (+€8,838) and Net result for the year (+€7,471)
- Receivables within one year -€7,153
down €7,153 (-25.5%), from €28,004 to €20,851
of which Trade receivables: -€11,217
- Other debts -€2,650
down €2,650 (-16.2%), from €16,408 to €13,758
- Current portion of long-term debt -€2,345
down €2,345 (-57.9%), from €4,050 to €1,706
- Debts after one year -€1,706
down €1,706 (-100.0%), from €1,706 to €0
- Tax, wage and social debts -€1,209
down €1,209 (-23.6%), from €5,130 to €3,921
- Gross operating margin -€31,748
down €31,748 (-62.0%), from €51,241 to €19,493
- Taxes -€9,086
down €9,086 (-78.9%), from €11,517 to €2,431
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 | €113,908 | €105,098 | -€8,810 | -7.7% |
| Fixed assets | 21/28 | €13,525 | €4,953 | -€8,572 | -63.4% |
| Tangible fixed assets | 22/27 | €13,525 | €4,953 | -€8,572 | -63.4% |
| Plant, machinery and equipment | 23 | €3,091 | €1,972 | -€1,119 | -36.2% |
| Furniture and vehicles | 24 | €10,435 | €2,981 | -€7,453 | -71.4% |
| Current assets | 29/58 | €100,383 | €100,144 | -€238 | -0.2% |
| Amounts receivable within one year | 40/41 | €28,004 | €20,851 | -€7,153 | -25.5% |
| Trade receivables | 40 | €27,500 | €16,283 | -€11,217 | -40.8% |
| Other amounts receivable | 41 | €504 | €4,569 | +€4,065 | +806.4% |
| Cash at bank and in hand | 54/58 | €70,859 | €78,185 | +€7,326 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,107 | -€412 | -27.1% |
| Total equity and liabilities | 10/49 | €113,908 | €105,098 | -€8,810 | -7.7% |
| Equity | 10/15 | €85,256 | €84,787 | -€469 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,656 | €66,187 | -€469 | -0.7% |
| Distributable reserves | 133 | €66,656 | €66,187 | -€469 | -0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,652 | €20,311 | -€8,342 | -29.1% |
| Amounts payable after more than one year | 17 | €1,706 | €0 | -€1,706 | -100.0% |
| Financial debts | 170/4 | €1,706 | €0 | -€1,706 | -100.0% |
| Amounts payable within one year | 42/48 | €26,550 | €20,311 | -€6,240 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €4,050 | €1,706 | -€2,345 | -57.9% |
| Trade debts | 44 | €961 | €925 | -€36 | -3.7% |
| Suppliers | 440/4 | €961 | €925 | -€36 | -3.7% |
| Taxes, remuneration and social security | 45 | €5,130 | €3,921 | -€1,209 | -23.6% |
| Taxes | 450/3 | €5,130 | €3,921 | -€1,209 | -23.6% |
| Other amounts payable | 47/48 | €16,408 | €13,758 | -€2,650 | -16.2% |
| Accrued charges and deferred income | 492/3 | €396 | €0 | -€396 | -100.0% |
| Non-recurring operating income | 76A | €88 | €0 | -€88 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,892 | €8,838 | -€53 | -0.6% |
| Other operating charges | 640/8 | €831 | €847 | +€16 | +1.9% |
| Gross operating margin | 9900 | €51,241 | €19,493 | -€31,748 | -62.0% |
| Operating profit (loss) | 9901 | €41,518 | €9,807 | -€31,710 | -76.4% |
| Financial income | 75/76B | €117 | €299 | +€182 | +154.9% |
| Recurring financial income | 75 | €117 | €299 | +€182 | +154.9% |
| Financial charges | 65/66B | €255 | €204 | -€51 | -19.8% |
| Recurring financial charges | 65 | €255 | €204 | -€51 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €41,380 | €9,902 | -€31,478 | -76.1% |
| Income taxes | 67/77 | €11,517 | €2,431 | -€9,086 | -78.9% |
| Profit (loss) for the period | 9904 | €29,863 | €7,471 | -€22,391 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,863 | €7,471 | -€22,391 | -75.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.