T & 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 & M CONSTRUCT
Largest movements
- Stocks and contracts +€27,500
new in 2025: €27,500
- Cash -€19,040
down €19,040 (-25.2%), from €75,425 to €56,385
mainly Stocks and contracts (-€27,500) and Receivables within one year (-€9,234)
- Deferred charges and accrued income -€10,429
no longer reported in 2025 (was €10,429)
- Receivables within one year +€9,234
up €9,234 (+51.3%), from €17,998 to €27,232
- Tangible fixed assets -€7,311
down €7,311 (-24.5%), from €29,822 to €22,510
of which Plant, machinery and equipment: -€12,210
- Debts after one year -€5,553
down €5,553 (-31.8%), from €17,454 to €11,901
- Reserves +€4,146
up €4,146 (+4.3%), from €96,821 to €100,967
of which Distributable reserves: +€4,146
- Trade debts +€4,010
up €4,010 (+421.2%), from €952 to €4,961
- Tax, wage and social debts -€2,173
down €2,173 (-35.5%), from €6,117 to €3,944
of which Taxes: -€1,971
- Gross operating margin -€8,542
down €8,542 (-27.6%), from €30,922 to €22,380
- Financial charges -€5,282
down €5,282 (-91.7%), from €5,758 to €476
- Depreciation +€2,856
up €2,856 (+25.9%), from €11,048 to €13,904
- Taxes -€1,984
down €1,984 (-43.7%), from €4,537 to €2,552
- Other operating charges -€552
down €552 (-29.8%), from €1,853 to €1,302
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 | €133,674 | €133,627 | -€47 | 0.0% |
| Fixed assets | 21/28 | €29,822 | €22,510 | -€7,311 | -24.5% |
| Tangible fixed assets | 22/27 | €29,822 | €22,510 | -€7,311 | -24.5% |
| Plant, machinery and equipment | 23 | €26,640 | €14,430 | -€12,210 | -45.8% |
| Furniture and vehicles | 24 | €3,182 | €8,080 | +€4,898 | +154.0% |
| Current assets | 29/58 | €103,852 | €111,117 | +€7,265 | +7.0% |
| Stocks and contracts in progress | 3 | - | €27,500 | +€27,500 | |
| Contracts in progress | 37 | - | €27,500 | +€27,500 | |
| Amounts receivable within one year | 40/41 | €17,998 | €27,232 | +€9,234 | +51.3% |
| Other amounts receivable | 41 | €17,998 | €27,232 | +€9,234 | +51.3% |
| Cash at bank and in hand | 54/58 | €75,425 | €56,385 | -€19,040 | -25.2% |
| Deferred charges and accrued income | 490/1 | €10,429 | - | -€10,429 | |
| Total equity and liabilities | 10/49 | €133,674 | €133,627 | -€47 | 0.0% |
| Equity | 10/15 | €103,121 | €107,267 | +€4,146 | +4.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €96,821 | €100,967 | +€4,146 | +4.3% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €86,821 | €90,967 | +€4,146 | +4.8% |
| Amounts payable | 17/49 | €30,553 | €26,360 | -€4,193 | -13.7% |
| Amounts payable after more than one year | 17 | €17,454 | €11,901 | -€5,553 | -31.8% |
| Financial debts | 170/4 | €17,454 | €11,901 | -€5,553 | -31.8% |
| Amounts payable within one year | 42/48 | €12,521 | €14,459 | +€1,938 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €5,452 | €5,553 | +€101 | +1.9% |
| Trade debts | 44 | €952 | €4,961 | +€4,010 | +421.2% |
| Suppliers | 440/4 | €952 | €4,961 | +€4,010 | +421.2% |
| Taxes, remuneration and social security | 45 | €6,117 | €3,944 | -€2,173 | -35.5% |
| Taxes | 450/3 | €4,205 | €2,234 | -€1,971 | -46.9% |
| Remuneration and social security | 454/9 | €1,912 | €1,710 | -€201 | -10.5% |
| Accrued charges and deferred income | 492/3 | €577 | - | -€577 | |
| Non-recurring operating income | 76A | €109,588 | €117 | -€109,470 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,048 | €13,904 | +€2,856 | +25.9% |
| Other operating charges | 640/8 | €1,853 | €1,302 | -€552 | -29.8% |
| Gross operating margin | 9900 | €30,922 | €22,380 | -€8,542 | -27.6% |
| Operating profit (loss) | 9901 | €18,021 | €7,174 | -€10,847 | -60.2% |
| Financial income | 75/76B | €171 | - | -€171 | |
| Recurring financial income | 75 | €171 | - | -€171 | |
| Financial charges | 65/66B | €5,758 | €476 | -€5,282 | -91.7% |
| Recurring financial charges | 65 | €5,758 | €476 | -€5,282 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €12,434 | €6,698 | -€5,736 | -46.1% |
| Income taxes | 67/77 | €4,537 | €2,552 | -€1,984 | -43.7% |
| Profit (loss) for the period | 9904 | €7,898 | €4,146 | -€3,752 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,898 | €4,146 | -€3,752 | -47.5% |
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 11 October 2026 via checked.be.