TAELMAN 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.
TAELMAN CONSTRUCT
Largest movements
- Cash -€66,758
down €66,758 (-70.4%), from €94,839 to €28,080
mainly Other debts (-€36,324) and Trade debts (-€35,890)
- Receivables within one year +€28,148
up €28,148 (+48.1%), from €58,503 to €86,651
of which Trade receivables: +€19,821
- Stocks and contracts -€5,183
down €5,183 (-37.5%), from €13,815 to €8,632
of which Stocks: -€4,663
- Other debts -€36,324
down €36,324 (-50.0%), from €72,705 to €36,380
- Trade debts -€35,890
down €35,890 (-42.9%), from €83,650 to €47,760
- Accrued charges and deferred income +€24,769
new in 2025: €24,769
- Reserves +€5,663
up €5,663 (+253%), from €2,236 to €7,899
- Tax, wage and social debts -€2,218
down €2,218 (-29.2%), from €7,602 to €5,384
of which Taxes: -€2,409
- Gross operating margin +€46,529
up €46,529 (+172%), from €27,038 to €73,568
- Staff costs +€37,812
up €37,812 (+205%), from €18,454 to €56,266
- Financial charges +€2,597
up €2,597 (+75.2%), from €3,454 to €6,051
- Taxes +€1,938
up €1,938 (+118%), from €1,641 to €3,579
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.
Derived cash bridge
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 | €171,192 | €127,551 | -€43,641 | -25.5% |
| Fixed assets | 21/28 | €3,411 | €2,618 | -€793 | -23.3% |
| Tangible fixed assets | 22/27 | €3,411 | €2,618 | -€793 | -23.3% |
| Plant, machinery and equipment | 23 | €3,411 | €2,618 | -€793 | -23.3% |
| Current assets | 29/58 | €167,781 | €124,933 | -€42,848 | -25.5% |
| Stocks and contracts in progress | 3 | €13,815 | €8,632 | -€5,183 | -37.5% |
| Stocks | 30/36 | €10,950 | €6,287 | -€4,663 | -42.6% |
| Contracts in progress | 37 | €2,865 | €2,345 | -€520 | -18.2% |
| Amounts receivable within one year | 40/41 | €58,503 | €86,651 | +€28,148 | +48.1% |
| Trade receivables | 40 | €56,314 | €76,135 | +€19,821 | +35.2% |
| Other amounts receivable | 41 | €2,189 | €10,516 | +€8,326 | +380% |
| Cash at bank and in hand | 54/58 | €94,839 | €28,080 | -€66,758 | -70.4% |
| Deferred charges and accrued income | 490/1 | €624 | €1,569 | +€945 | +151% |
| Total equity and liabilities | 10/49 | €171,192 | €127,551 | -€43,641 | -25.5% |
| Equity | 10/15 | €7,236 | €12,899 | +€5,663 | +78.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,236 | €7,899 | +€5,663 | +253% |
| Distributable reserves | 133 | €2,236 | €7,899 | +€5,663 | +253% |
| Amounts payable | 17/49 | €163,956 | €114,652 | -€49,304 | -30.1% |
| Amounts payable within one year | 42/48 | €163,956 | €89,882 | -€74,074 | -45.2% |
| Financial debts | 43 | - | €359 | +€359 | |
| Other loans | 439 | - | €359 | +€359 | |
| Trade debts | 44 | €83,650 | €47,760 | -€35,890 | -42.9% |
| Suppliers | 440/4 | €83,650 | €47,760 | -€35,890 | -42.9% |
| Taxes, remuneration and social security | 45 | €7,602 | €5,384 | -€2,218 | -29.2% |
| Taxes | 450/3 | €6,381 | €3,973 | -€2,409 | -37.7% |
| Remuneration and social security | 454/9 | €1,221 | €1,411 | +€191 | +15.6% |
| Other amounts payable | 47/48 | €72,705 | €36,380 | -€36,324 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €24,769 | +€24,769 | |
| Remuneration, social security and pensions | 62 | €18,454 | €56,266 | +€37,812 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €793 | +€239 | +43.1% |
| Other operating charges | 640/8 | €437 | €1,092 | +€655 | +150% |
| Gross operating margin | 9900 | €27,038 | €73,568 | +€46,529 | +172% |
| Operating profit (loss) | 9901 | €7,592 | €15,416 | +€7,824 | +103% |
| Financial income | 75/76B | €539 | €677 | +€138 | +25.7% |
| Recurring financial income | 75 | €539 | €677 | +€138 | +25.7% |
| Financial charges | 65/66B | €3,454 | €6,051 | +€2,597 | +75.2% |
| Recurring financial charges | 65 | €3,454 | €6,051 | +€2,597 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €4,677 | €10,042 | +€5,365 | +115% |
| Income taxes | 67/77 | €1,641 | €3,579 | +€1,938 | +118% |
| Profit (loss) for the period | 9904 | €3,036 | €6,463 | +€3,427 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €3,036 | €6,463 | +€3,427 | +113% |
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 14 October 2026 via checked.be.