T.M.B. 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.M.B. CONSTRUCT
Largest movements
- Tangible fixed assets +€18,530
up €18,530 (+92.6%), from €20,004 to €38,534
- Receivables within one year +€5,906
up €5,906 (+41.4%), from €14,251 to €20,157
of which Trade receivables: +€5,410
- Cash +€4,142
up €4,142 (+29.8%), from €13,884 to €18,026
mainly Net result for the year (+€11,135) and Trade debts (+€10,077)
- Profit (loss) carried forward +€11,135
up €11,135 (+45.5%), from €24,472 to €35,606
- Trade debts +€10,077
up €10,077 (+239.4%), from €4,210 to €14,287
- Other debts +€9,874
new in 2025: €9,874
- Current portion of long-term debt -€8,585
down €8,585 (-86.6%), from €9,915 to €1,330
- Tax, wage and social debts +€6,730
up €6,730 (+248.0%), from €2,713 to €9,443
- Depreciation -€9,799
down €9,799 (-75.6%), from €12,966 to €3,167
- Gross operating margin +€9,388
up €9,388 (+47.1%), from €19,926 to €29,314
- Taxes +€5,414
up €5,414 (+178.7%), from €3,030 to €8,443
- Other operating charges -€1,613
down €1,613 (-58.0%), from €2,781 to €1,167
- Financial charges -€1,098
down €1,098 (-83.9%), from €1,309 to €211
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 | €49,540 | €77,440 | +€27,900 | +56.3% |
| Fixed assets | 21/28 | €20,004 | €38,534 | +€18,530 | +92.6% |
| Tangible fixed assets | 22/27 | €20,004 | €38,534 | +€18,530 | +92.6% |
| Furniture and vehicles | 24 | €20,004 | €38,534 | +€18,530 | +92.6% |
| Current assets | 29/58 | €29,536 | €38,906 | +€9,370 | +31.7% |
| Amounts receivable within one year | 40/41 | €14,251 | €20,157 | +€5,906 | +41.4% |
| Trade receivables | 40 | €14,251 | €19,661 | +€5,410 | +38.0% |
| Other amounts receivable | 41 | - | €496 | +€496 | |
| Cash at bank and in hand | 54/58 | €13,884 | €18,026 | +€4,142 | +29.8% |
| Deferred charges and accrued income | 490/1 | €1,401 | €723 | -€678 | -48.4% |
| Total equity and liabilities | 10/49 | €49,540 | €77,440 | +€27,900 | +56.3% |
| Equity | 10/15 | €31,372 | €42,506 | +€11,135 | +35.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,472 | €35,606 | +€11,135 | +45.5% |
| Amounts payable | 17/49 | €18,168 | €34,933 | +€16,766 | +92.3% |
| Amounts payable after more than one year | 17 | €1,330 | - | -€1,330 | |
| Financial debts | 170/4 | €1,330 | - | -€1,330 | |
| Amounts payable within one year | 42/48 | €16,838 | €34,933 | +€18,096 | +107.5% |
| Current portion of amounts payable after more than one year | 42 | €9,915 | €1,330 | -€8,585 | -86.6% |
| Trade debts | 44 | €4,210 | €14,287 | +€10,077 | +239.4% |
| Suppliers | 440/4 | €4,210 | €14,287 | +€10,077 | +239.4% |
| Taxes, remuneration and social security | 45 | €2,713 | €9,443 | +€6,730 | +248.0% |
| Taxes | 450/3 | €2,713 | €9,443 | +€6,730 | +248.0% |
| Other amounts payable | 47/48 | - | €9,874 | +€9,874 | |
| Non-recurring operating income | 76A | €2,322 | €21,965 | +€19,642 | +845.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,966 | €3,167 | -€9,799 | -75.6% |
| Other operating charges | 640/8 | €2,781 | €1,167 | -€1,613 | -58.0% |
| Non-recurring operating charges | 66A | - | €5,264 | +€5,264 | |
| Gross operating margin | 9900 | €19,926 | €29,314 | +€9,388 | +47.1% |
| Operating profit (loss) | 9901 | €4,180 | €19,716 | +€15,536 | +371.7% |
| Financial income | 75/76B | €183 | €72 | -€110 | -60.4% |
| Recurring financial income | 75 | €183 | €72 | -€110 | -60.4% |
| Financial charges | 65/66B | €1,309 | €211 | -€1,098 | -83.9% |
| Recurring financial charges | 65 | €1,309 | €211 | -€1,098 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €3,054 | €19,578 | +€16,524 | +541.2% |
| Income taxes | 67/77 | €3,030 | €8,443 | +€5,414 | +178.7% |
| Profit (loss) for the period | 9904 | €24 | €11,135 | +€11,111 | +46352.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24 | €11,135 | +€11,111 | +46352.7% |
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.