T & L Construct: 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 & L Construct
Largest movements
- Receivables within one year +€87,524
up €87,524 (+56.1%), from €155,995 to €243,519
of which Trade receivables: +€89,415
- Cash -€71,045
down €71,045 (-69.7%), from €101,896 to €30,851
mainly Receivables within one year (-€87,524) and Investment in fixed assets (net) (-€41,614)
- Tangible fixed assets -€59,656
down €59,656 (-13.5%), from €441,214 to €381,558
of which Furniture and vehicles: -€35,414
- Profit (loss) carried forward -€66,311
down €66,311, from €41,376 to -€24,935
- Trade debts +€44,611
up €44,611 (+116.0%), from €38,455 to €83,066
- Reserves +€40,000
up €40,000 (+9.0%), from €444,260 to €484,260
of which Distributable reserves: +€40,000
- Debts after one year -€36,584
down €36,584 (-28.2%), from €129,576 to €92,992
- Tax, wage and social debts -€24,893
down €24,893 (-92.8%), from €26,838 to €1,945
of which Remuneration and social security: -€20,640
- Gross operating margin -€162,386
down €162,386 (-33.0%), from €492,242 to €329,856
- Depreciation -€52,680
down €52,680 (-34.2%), from €153,950 to €101,270
- Financial income +€33,970
new in 2025: €33,970
- Other operating charges -€5,653
down €5,653 (-4.0%), from €142,369 to €136,716
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 | €699,105 | €655,928 | -€43,177 | -6.2% |
| Fixed assets | 21/28 | €441,214 | €381,558 | -€59,656 | -13.5% |
| Tangible fixed assets | 22/27 | €441,214 | €381,558 | -€59,656 | -13.5% |
| Land and buildings | 22 | €148,023 | €146,613 | -€1,410 | -1.0% |
| Plant, machinery and equipment | 23 | €135,771 | €112,939 | -€22,832 | -16.8% |
| Furniture and vehicles | 24 | €157,420 | €122,006 | -€35,414 | -22.5% |
| Current assets | 29/58 | €257,891 | €274,370 | +€16,479 | +6.4% |
| Amounts receivable within one year | 40/41 | €155,995 | €243,519 | +€87,524 | +56.1% |
| Trade receivables | 40 | €71,818 | €161,233 | +€89,415 | +124.5% |
| Other amounts receivable | 41 | €84,177 | €82,286 | -€1,891 | -2.2% |
| Cash at bank and in hand | 54/58 | €101,896 | €30,851 | -€71,045 | -69.7% |
| Total equity and liabilities | 10/49 | €699,105 | €655,928 | -€43,177 | -6.2% |
| Equity | 10/15 | €504,236 | €477,925 | -€26,311 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,260 | €484,260 | +€40,000 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €442,400 | €482,400 | +€40,000 | +9.0% |
| Profit (loss) carried forward | 14 | €41,376 | -€24,935 | -€66,311 | |
| Amounts payable | 17/49 | €194,869 | €178,003 | -€16,866 | -8.7% |
| Amounts payable after more than one year | 17 | €129,576 | €92,992 | -€36,584 | -28.2% |
| Financial debts | 170/4 | €129,576 | €92,992 | -€36,584 | -28.2% |
| Amounts payable within one year | 42/48 | €65,293 | €85,011 | +€19,718 | +30.2% |
| Trade debts | 44 | €38,455 | €83,066 | +€44,611 | +116.0% |
| Suppliers | 440/4 | €38,455 | €83,066 | +€44,611 | +116.0% |
| Taxes, remuneration and social security | 45 | €26,838 | €1,945 | -€24,893 | -92.8% |
| Taxes | 450/3 | €4,253 | - | -€4,253 | |
| Remuneration and social security | 454/9 | €22,585 | €1,945 | -€20,640 | -91.4% |
| Non-recurring operating income | 76A | - | €98,986 | +€98,986 | |
| Remuneration, social security and pensions | 62 | €147,542 | €143,470 | -€4,072 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,950 | €101,270 | -€52,680 | -34.2% |
| Other operating charges | 640/8 | €142,369 | €136,716 | -€5,653 | -4.0% |
| Gross operating margin | 9900 | €492,242 | €329,856 | -€162,386 | -33.0% |
| Operating profit (loss) | 9901 | €48,381 | -€51,600 | -€99,981 | |
| Financial income | 75/76B | - | €33,970 | +€33,970 | |
| Recurring financial income | 75 | - | €33,970 | +€33,970 | |
| Financial charges | 65/66B | €7,140 | €8,681 | +€1,541 | +21.6% |
| Recurring financial charges | 65 | €7,140 | €8,681 | +€1,541 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €41,241 | -€26,311 | -€67,552 | |
| Profit (loss) for the period | 9904 | €41,241 | -€26,311 | -€67,552 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,241 | -€26,311 | -€67,552 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.