T.H CONSTRUCT: what changed
T.H CONSTRUCT
Largest movements
- Cash +€22,327
up €22,327 (+894%), from €2,498 to €24,826
mainly Net result for the year (+€29,208) and Depreciation (+€1,189)
- Tangible fixed assets +€4,161
new in 2024: €4,161
- Receivables within one year +€3,254
up €3,254 (+6.5%), from €50,149 to €53,404
of which Other amounts receivable: +€6,896
- Profit (loss) carried forward +€29,208
up €29,208 (+62.9%), from €46,428 to €75,635
- Turnover +€594,784
new in 2024: €594,784
- Purchases and services +€549,362
new in 2024: €549,362
- Financial charges -€11,144
down €11,144 (-96.4%), from €11,559 to €415
- Gross operating margin -€7,525
down €7,525 (-14.0%), from €53,646 to €46,121
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,648 | €82,390 | +€29,743 | +56.5% |
| Fixed assets | 21/28 | - | €4,161 | +€4,161 | |
| Tangible fixed assets | 22/27 | - | €4,161 | +€4,161 | |
| Furniture and vehicles | 24 | - | €4,161 | +€4,161 | |
| Current assets | 29/58 | €52,648 | €78,229 | +€25,582 | +48.6% |
| Amounts receivable within one year | 40/41 | €50,149 | €53,404 | +€3,254 | +6.5% |
| Trade receivables | 40 | €21,703 | €18,061 | -€3,642 | -16.8% |
| Other amounts receivable | 41 | €28,447 | €35,343 | +€6,896 | +24.2% |
| Cash at bank and in hand | 54/58 | €2,498 | €24,826 | +€22,327 | +894% |
| Total equity and liabilities | 10/49 | €52,648 | €82,390 | +€29,743 | +56.5% |
| Equity | 10/15 | €47,928 | €77,135 | +€29,208 | +60.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,428 | €75,635 | +€29,208 | +62.9% |
| Amounts payable | 17/49 | €4,720 | €5,255 | +€535 | +11.3% |
| Amounts payable within one year | 42/48 | €4,720 | €5,255 | +€535 | +11.3% |
| Trade debts | 44 | €4,720 | €5,255 | +€535 | +11.3% |
| Suppliers | 440/4 | €4,720 | €5,255 | +€535 | +11.3% |
| Turnover | 70 | - | €594,784 | +€594,784 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €549,362 | +€549,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,189 | +€1,189 | |
| Other operating charges | 640/8 | - | €949 | +€949 | |
| Non-recurring operating charges | 66A | - | €12,609 | +€12,609 | |
| Gross operating margin | 9900 | €53,646 | €46,121 | -€7,525 | -14.0% |
| Operating profit (loss) | 9901 | €53,646 | €31,374 | -€22,272 | -41.5% |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €11,559 | €415 | -€11,144 | -96.4% |
| Recurring financial charges | 65 | €11,559 | €415 | -€11,144 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €42,161 | €30,959 | -€11,202 | -26.6% |
| Income taxes | 67/77 | - | €1,751 | +€1,751 | |
| Profit (loss) for the period | 9904 | €42,161 | €29,208 | -€12,953 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,161 | €29,208 | -€12,953 | -30.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.