TAM CONSTRUCTION: 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.
TAM CONSTRUCTION
Largest movements
- Stocks and contracts +€55,663
new in 2025: €55,663
- Receivables within one year +€45,113
up €45,113 (+379%), from €11,900 to €57,013
of which Trade receivables: +€54,230
- Cash -€6,403
down €6,403 (-11.8%), from €54,066 to €47,663
mainly Stocks and contracts (-€55,663) and Receivables within one year (-€45,113)
- Profit (loss) carried forward +€65,043
new in 2025: €65,043
- Trade debts +€25,688
up €25,688 (+2,807%), from €915 to €26,603
- Tax, wage and social debts +€14,436
up €14,436 (+60.3%), from €23,946 to €38,382
- Short-term financial debts -€9,954
no longer reported in 2025 (was €9,954)
- Gross operating margin +€4,922
up €4,922 (+5.5%), from €88,997 to €93,919
- Taxes -€2,219
down €2,219 (-8.3%), from €26,577 to €24,358
- Depreciation +€1,308
up €1,308 (+238%), from €549 to €1,857
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 | €92,642 | €188,959 | +€96,317 | +104% |
| Fixed assets | 21/28 | €24,806 | €26,668 | +€1,862 | +7.5% |
| Tangible fixed assets | 22/27 | €24,751 | €26,613 | +€1,862 | +7.5% |
| Land and buildings | 22 | €21,000 | €21,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,751 | €2,676 | -€1,075 | -28.7% |
| Furniture and vehicles | 24 | - | €2,937 | +€2,937 | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €67,836 | €162,291 | +€94,455 | +139% |
| Stocks and contracts in progress | 3 | - | €55,663 | +€55,663 | |
| Stocks | 30/36 | - | €55,663 | +€55,663 | |
| Amounts receivable within one year | 40/41 | €11,900 | €57,013 | +€45,113 | +379% |
| Trade receivables | 40 | €2,783 | €57,013 | +€54,230 | +1,949% |
| Other amounts receivable | 41 | €9,117 | - | -€9,117 | |
| Cash at bank and in hand | 54/58 | €54,066 | €47,663 | -€6,403 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,870 | €1,952 | +€83 | +4.4% |
| Total equity and liabilities | 10/49 | €92,642 | €188,959 | +€96,317 | +104% |
| Equity | 10/15 | €47,826 | €112,869 | +€65,043 | +136% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,826 | €45,826 | = | 0.0% |
| Distributable reserves | 133 | €45,826 | €45,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €65,043 | +€65,043 | |
| Amounts payable | 17/49 | €44,815 | €76,089 | +€31,274 | +69.8% |
| Amounts payable within one year | 42/48 | €44,815 | €76,089 | +€31,274 | +69.8% |
| Financial debts | 43 | €9,954 | - | -€9,954 | |
| Credit institutions | 430/8 | €9,954 | - | -€9,954 | |
| Trade debts | 44 | €915 | €26,603 | +€25,688 | +2,807% |
| Suppliers | 440/4 | €915 | €26,603 | +€25,688 | +2,807% |
| Taxes, remuneration and social security | 45 | €23,946 | €38,382 | +€14,436 | +60.3% |
| Taxes | 450/3 | €23,946 | €38,382 | +€14,436 | +60.3% |
| Other amounts payable | 47/48 | €10,000 | €11,105 | +€1,105 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €1,857 | +€1,308 | +238% |
| Other operating charges | 640/8 | €1,642 | €1,970 | +€328 | +20.0% |
| Gross operating margin | 9900 | €88,997 | €93,919 | +€4,922 | +5.5% |
| Operating profit (loss) | 9901 | €86,806 | €90,092 | +€3,286 | +3.8% |
| Financial income | 75/76B | €28 | €12 | -€16 | -56.0% |
| Recurring financial income | 75 | €28 | €12 | -€16 | -56.0% |
| Financial charges | 65/66B | €146 | €704 | +€558 | +383% |
| Recurring financial charges | 65 | €146 | €704 | +€558 | +383% |
| Profit (loss) for the period before taxes | 9903 | €86,689 | €89,401 | +€2,712 | +3.1% |
| Income taxes | 67/77 | €26,577 | €24,358 | -€2,219 | -8.3% |
| Profit (loss) for the period | 9904 | €60,112 | €65,043 | +€4,931 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,112 | €65,043 | +€4,931 | +8.2% |
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 15 October 2026 via checked.be.