TBM 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.
TBM CONSTRUCT
Largest movements
- Receivables within one year +€51,342
up €51,342 (+62.3%), from €82,391 to €133,734
of which Trade receivables: +€76,478
- Tangible fixed assets -€29,212
down €29,212 (-26.7%), from €109,477 to €80,265
- Stocks and contracts -€23,553
down €23,553 (-49.0%), from €48,079 to €24,526
- Trade debts -€27,036
down €27,036 (-20.9%), from €129,595 to €102,559
- Profit (loss) carried forward +€16,609
up €16,609 (+166.9%), from €9,950 to €26,559
- Tax, wage and social debts +€15,610
up €15,610 (+72.6%), from €21,495 to €37,106
of which Taxes: +€9,459
- Other debts -€12,393
down €12,393 (-87.3%), from €14,193 to €1,800
- Current portion of long-term debt +€5,111
up €5,111 (+31.7%), from €16,122 to €21,233
- Turnover -€688,454
no longer reported in 2024 (was €688,454)
- Purchases and services -€577,439
no longer reported in 2024 (was €577,439)
- Gross operating margin +€113,085
up €113,085 (+107.8%), from €104,873 to €217,958
- Staff costs +€73,763
up €73,763 (+88.2%), from €83,615 to €157,377
- Depreciation +€7,693
up €7,693 (+41.2%), from €18,668 to €26,361
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,078 | €255,045 | -€3,033 | -1.2% |
| Fixed assets | 21/28 | €117,132 | €87,203 | -€29,929 | -25.6% |
| Intangible fixed assets | 21 | €2,805 | €2,088 | -€716 | -25.5% |
| Tangible fixed assets | 22/27 | €109,477 | €80,265 | -€29,212 | -26.7% |
| Plant, machinery and equipment | 23 | €62,155 | €48,370 | -€13,785 | -22.2% |
| Furniture and vehicles | 24 | €38,789 | €24,428 | -€14,361 | -37.0% |
| Other tangible fixed assets | 26 | €8,534 | €7,467 | -€1,067 | -12.5% |
| Financial fixed assets | 28 | €4,850 | €4,850 | = | 0.0% |
| Current assets | 29/58 | €140,946 | €167,842 | +€26,896 | +19.1% |
| Stocks and contracts in progress | 3 | €48,079 | €24,526 | -€23,553 | -49.0% |
| Stocks | 30/36 | €48,079 | €24,526 | -€23,553 | -49.0% |
| Amounts receivable within one year | 40/41 | €82,391 | €133,734 | +€51,342 | +62.3% |
| Trade receivables | 40 | €56,953 | €133,431 | +€76,478 | +134.3% |
| Other amounts receivable | 41 | €25,438 | €303 | -€25,136 | -98.8% |
| Cash at bank and in hand | 54/58 | €10,476 | €9,582 | -€894 | -8.5% |
| Total equity and liabilities | 10/49 | €258,078 | €255,045 | -€3,033 | -1.2% |
| Equity | 10/15 | €16,750 | €33,359 | +€16,609 | +99.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,950 | €26,559 | +€16,609 | +166.9% |
| Amounts payable | 17/49 | €241,328 | €221,686 | -€19,642 | -8.1% |
| Amounts payable after more than one year | 17 | €59,923 | €58,989 | -€934 | -1.6% |
| Financial debts | 170/4 | €59,923 | €58,989 | -€934 | -1.6% |
| Amounts payable within one year | 42/48 | €181,405 | €162,698 | -€18,707 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €16,122 | €21,233 | +€5,111 | +31.7% |
| Trade debts | 44 | €129,595 | €102,559 | -€27,036 | -20.9% |
| Suppliers | 440/4 | €129,595 | €102,559 | -€27,036 | -20.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,495 | €37,106 | +€15,610 | +72.6% |
| Taxes | 450/3 | €9,499 | €18,958 | +€9,459 | +99.6% |
| Remuneration and social security | 454/9 | €11,996 | €18,148 | +€6,152 | +51.3% |
| Other amounts payable | 47/48 | €14,193 | €1,800 | -€12,393 | -87.3% |
| Turnover | 70 | €688,454 | - | -€688,454 | |
| Goods, raw materials, services and sundry goods | 60/61 | €577,439 | - | -€577,439 | |
| Remuneration, social security and pensions | 62 | €83,615 | €157,377 | +€73,763 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,668 | €26,361 | +€7,693 | +41.2% |
| Other operating charges | 640/8 | €424 | €4,314 | +€3,890 | +918.5% |
| Non-recurring operating charges | 66A | - | €1,786 | +€1,786 | |
| Gross operating margin | 9900 | €104,873 | €217,958 | +€113,085 | +107.8% |
| Operating profit (loss) | 9901 | €2,166 | €28,120 | +€25,954 | +1198.3% |
| Financial income | 75/76B | €479 | €4,847 | +€4,368 | +912.4% |
| Recurring financial income | 75 | €479 | €4,847 | +€4,368 | +912.4% |
| Financial charges | 65/66B | €4,183 | €9,288 | +€5,105 | +122.0% |
| Recurring financial charges | 65 | €4,183 | €9,288 | +€5,105 | +122.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,538 | €23,679 | +€25,217 | |
| Income taxes | 67/77 | €953 | €7,070 | +€6,117 | +641.7% |
| Profit (loss) for the period | 9904 | -€2,492 | €16,609 | +€19,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,492 | €16,609 | +€19,100 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.