T&G 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&G CONSTRUCT
Largest movements
- Receivables within one year -€14,750
down €14,750 (-66.8%), from €22,091 to €7,340
of which Trade receivables: -€12,770
- Tangible fixed assets -€13,102
down €13,102 (-36.0%), from €36,431 to €23,329
of which Leasing and similar rights: -€6,711
- Cash +€7,706
up €7,706 (+31.0%), from €24,882 to €32,588
mainly Receivables within one year (+€14,750) and Depreciation (+€8,692)
- Deferred charges and accrued income -€1,930
down €1,930 (-55.5%), from €3,478 to €1,549
- Other debts -€11,981
down €11,981 (-42.5%), from €28,180 to €16,199
- Debts after one year -€9,637
down €9,637 (-41.1%), from €23,457 to €13,819
- Reserves +€6,756
new in 2025: €6,756
- Trade debts -€6,245
down €6,245 (-60.1%), from €10,397 to €4,152
- Current portion of long-term debt -€3,760
down €3,760 (-39.1%), from €9,612 to €5,853
- Gross operating margin +€9,619
up €9,619 (+63.7%), from €15,091 to €24,709
- Taxes +€3,631
up €3,631 (+744%), from €488 to €4,119
- Depreciation -€3,018
down €3,018 (-25.8%), from €11,710 to €8,692
- Financial charges +€806
up €806 (+21.4%), from €3,763 to €4,569
- Financial income +€352
up €352 (+41.0%), from €861 to €1,213
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 | €89,006 | €66,931 | -€22,076 | -24.8% |
| Fixed assets | 21/28 | €36,431 | €23,329 | -€13,102 | -36.0% |
| Tangible fixed assets | 22/27 | €36,431 | €23,329 | -€13,102 | -36.0% |
| Plant, machinery and equipment | 23 | €145 | €92 | -€53 | -36.6% |
| Furniture and vehicles | 24 | €12,860 | €6,523 | -€6,337 | -49.3% |
| Leasing and similar rights | 25 | €23,425 | €16,714 | -€6,711 | -28.6% |
| Current assets | 29/58 | €52,575 | €43,601 | -€8,974 | -17.1% |
| Stocks and contracts in progress | 3 | €2,125 | €2,125 | = | 0.0% |
| Stocks | 30/36 | €2,125 | €2,125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,091 | €7,340 | -€14,750 | -66.8% |
| Trade receivables | 40 | €19,902 | €7,132 | -€12,770 | -64.2% |
| Other amounts receivable | 41 | €2,189 | €208 | -€1,981 | -90.5% |
| Cash at bank and in hand | 54/58 | €24,882 | €32,588 | +€7,706 | +31.0% |
| Deferred charges and accrued income | 490/1 | €3,478 | €1,549 | -€1,930 | -55.5% |
| Total equity and liabilities | 10/49 | €89,006 | €66,931 | -€22,076 | -24.8% |
| Equity | 10/15 | €12,922 | €19,756 | +€6,834 | +52.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | - | €6,756 | +€6,756 | |
| Distributable reserves | 133 | - | €6,756 | +€6,756 | |
| Profit (loss) carried forward | 14 | -€78 | - | +€78 | |
| Amounts payable | 17/49 | €76,084 | €47,175 | -€28,910 | -38.0% |
| Amounts payable after more than one year | 17 | €23,457 | €13,819 | -€9,637 | -41.1% |
| Financial debts | 170/4 | €23,457 | €13,819 | -€9,637 | -41.1% |
| Amounts payable within one year | 42/48 | €52,628 | €33,355 | -€19,272 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €9,612 | €5,853 | -€3,760 | -39.1% |
| Trade debts | 44 | €10,397 | €4,152 | -€6,245 | -60.1% |
| Suppliers | 440/4 | €10,397 | €4,152 | -€6,245 | -60.1% |
| Taxes, remuneration and social security | 45 | €4,439 | €7,153 | +€2,714 | +61.1% |
| Taxes | 450/3 | €4,439 | €7,153 | +€2,714 | +61.1% |
| Other amounts payable | 47/48 | €28,180 | €16,199 | -€11,981 | -42.5% |
| Non-recurring operating income | 76A | - | €3,203 | +€3,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,710 | €8,692 | -€3,018 | -25.8% |
| Other operating charges | 640/8 | €1,772 | €1,708 | -€64 | -3.6% |
| Gross operating margin | 9900 | €15,091 | €24,709 | +€9,619 | +63.7% |
| Operating profit (loss) | 9901 | €1,608 | €14,309 | +€12,701 | +790% |
| Financial income | 75/76B | €861 | €1,213 | +€352 | +41.0% |
| Recurring financial income | 75 | €861 | €1,213 | +€352 | +41.0% |
| Financial charges | 65/66B | €3,763 | €4,569 | +€806 | +21.4% |
| Recurring financial charges | 65 | €3,763 | €4,569 | +€806 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,294 | €10,953 | +€12,247 | |
| Income taxes | 67/77 | €488 | €4,119 | +€3,631 | +744% |
| Profit (loss) for the period | 9904 | -€1,783 | €6,834 | +€8,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,783 | €6,834 | +€8,616 |
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 13 October 2026 via checked.be.