T4Construction: 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.
T4Construction
Largest movements
- Stocks and contracts +€206,541
up €206,541 (+68.4%), from €302,179 to €508,720
- Cash -€20,391
down €20,391 (-70.4%), from €28,973 to €8,582
mainly Stocks and contracts (-€206,541) and Net result for the year (-€36,410)
- Deferred charges and accrued income +€15,390
new in 2025: €15,390
- Short-term financial debts +€221,401
new in 2025: €221,401
- Profit (loss) carried forward -€36,410
down €36,410 (-299.2%), from -€12,167 to -€48,578
- Other debts +€7,629
up €7,629 (+5.1%), from €150,500 to €158,129
- Financial charges +€19,786
up €19,786 (+311.6%), from €6,350 to €26,137
- Gross operating margin -€3,750
down €3,750 (-65.0%), from -€5,772 to -€9,522
- Other operating charges +€702
up €702 (+1403.9%), from €50 to €752
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 | €339,422 | €535,742 | +€196,320 | +57.8% |
| Current assets | 29/58 | €339,422 | €535,742 | +€196,320 | +57.8% |
| Stocks and contracts in progress | 3 | €302,179 | €508,720 | +€206,541 | +68.4% |
| Stocks | 30/36 | €302,179 | €508,720 | +€206,541 | +68.4% |
| Amounts receivable within one year | 40/41 | €8,270 | €3,051 | -€5,220 | -63.1% |
| Trade receivables | 40 | €4,930 | €2,950 | -€1,981 | -40.2% |
| Other amounts receivable | 41 | €3,340 | €101 | -€3,239 | -97.0% |
| Cash at bank and in hand | 54/58 | €28,973 | €8,582 | -€20,391 | -70.4% |
| Deferred charges and accrued income | 490/1 | - | €15,390 | +€15,390 | |
| Total equity and liabilities | 10/49 | €339,422 | €535,742 | +€196,320 | +57.8% |
| Equity | 10/15 | €187,833 | €151,422 | -€36,410 | -19.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,167 | -€48,578 | -€36,410 | -299.2% |
| Amounts payable | 17/49 | €151,589 | €384,320 | +€232,731 | +153.5% |
| Amounts payable within one year | 42/48 | €150,500 | €382,480 | +€231,980 | +154.1% |
| Financial debts | 43 | - | €221,401 | +€221,401 | |
| Credit institutions | 430/8 | - | €221,401 | +€221,401 | |
| Trade debts | 44 | - | €2,950 | +€2,950 | |
| Suppliers | 440/4 | - | €2,950 | +€2,950 | |
| Other amounts payable | 47/48 | €150,500 | €158,129 | +€7,629 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,090 | €1,840 | +€751 | +68.9% |
| Other operating charges | 640/8 | €50 | €752 | +€702 | +1403.9% |
| Gross operating margin | 9900 | -€5,772 | -€9,522 | -€3,750 | -65.0% |
| Operating profit (loss) | 9901 | -€5,822 | -€10,274 | -€4,452 | -76.5% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €6,350 | €26,137 | +€19,786 | +311.6% |
| Recurring financial charges | 65 | €6,350 | €26,137 | +€19,786 | +311.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,167 | -€36,410 | -€24,243 | -199.2% |
| Profit (loss) for the period | 9904 | -€12,167 | -€36,410 | -€24,243 | -199.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,167 | -€36,410 | -€24,243 | -199.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.