T.F.M. 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.F.M. CONSTRUCT
Largest movements
- Cash +€3,467
up €3,467 (+19.9%), from €17,466 to €20,934
mainly Net result for the year (+€11,613) and Accrued charges and deferred income (+€3,785)
- Tangible fixed assets -€2,814
down €2,814 (-30.7%), from €9,164 to €6,349
of which Furniture and vehicles: -€3,551
- Profit (loss) carried forward +€11,613
up €11,613 (+140%), from €8,280 to €19,894
- Trade debts -€11,033
down €11,033 (-45.5%), from €24,241 to €13,208
- Tax, wage and social debts -€4,142
down €4,142 (-44.2%), from €9,370 to €5,228
of which Remuneration and social security: -€7,300
- Accrued charges and deferred income +€3,785
new in 2024: €3,785
- Gross operating margin +€6,234
up €6,234 (+50.8%), from €12,273 to €18,507
- Depreciation +€2,165
up €2,165 (+145%), from €1,489 to €3,654
- Taxes +€1,088
up €1,088 (+52.6%), from €2,070 to €3,158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,892 | €44,115 | +€224 | +0.5% |
| Fixed assets | 21/28 | €9,164 | €6,349 | -€2,814 | -30.7% |
| Tangible fixed assets | 22/27 | €9,164 | €6,349 | -€2,814 | -30.7% |
| Plant, machinery and equipment | 23 | - | €737 | +€737 | |
| Furniture and vehicles | 24 | €9,164 | €5,613 | -€3,551 | -38.8% |
| Current assets | 29/58 | €34,728 | €37,766 | +€3,038 | +8.7% |
| Amounts receivable within one year | 40/41 | €15,755 | €15,370 | -€385 | -2.4% |
| Trade receivables | 40 | €14,487 | €4,233 | -€10,254 | -70.8% |
| Other amounts receivable | 41 | €1,269 | €11,138 | +€9,869 | +778% |
| Cash at bank and in hand | 54/58 | €17,466 | €20,934 | +€3,467 | +19.9% |
| Deferred charges and accrued income | 490/1 | €1,506 | €1,462 | -€44 | -2.9% |
| Total equity and liabilities | 10/49 | €43,892 | €44,115 | +€224 | +0.5% |
| Equity | 10/15 | €10,280 | €21,894 | +€11,613 | +113% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,280 | €19,894 | +€11,613 | +140% |
| Amounts payable | 17/49 | €33,611 | €22,222 | -€11,390 | -33.9% |
| Amounts payable within one year | 42/48 | €33,611 | €18,436 | -€15,175 | -45.1% |
| Trade debts | 44 | €24,241 | €13,208 | -€11,033 | -45.5% |
| Suppliers | 440/4 | €24,241 | €13,208 | -€11,033 | -45.5% |
| Taxes, remuneration and social security | 45 | €9,370 | €5,228 | -€4,142 | -44.2% |
| Taxes | 450/3 | €2,070 | €5,228 | +€3,158 | +153% |
| Remuneration and social security | 454/9 | €7,300 | - | -€7,300 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €3,785 | +€3,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €3,654 | +€2,165 | +145% |
| Other operating charges | 640/8 | €147 | €151 | +€5 | +3.1% |
| Gross operating margin | 9900 | €12,273 | €18,507 | +€6,234 | +50.8% |
| Operating profit (loss) | 9901 | €10,637 | €14,701 | +€4,065 | +38.2% |
| Financial income | 75/76B | €180 | €359 | +€179 | +99.2% |
| Recurring financial income | 75 | €180 | €359 | +€179 | +99.2% |
| Financial charges | 65/66B | €466 | €288 | -€178 | -38.2% |
| Recurring financial charges | 65 | €466 | €288 | -€178 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €10,350 | €14,771 | +€4,421 | +42.7% |
| Income taxes | 67/77 | €2,070 | €3,158 | +€1,088 | +52.6% |
| Profit (loss) for the period | 9904 | €8,280 | €11,613 | +€3,333 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,280 | €11,613 | +€3,333 | +40.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.