TC-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.
TC-CONSTRUCT
Largest movements
- Receivables within one year +€5,174
up €5,174 (+7.5%), from €68,824 to €73,998
of which Other amounts receivable: +€6,311
- Stocks and contracts +€4,247
up €4,247 (+253%), from €1,678 to €5,926
- Financial fixed assets +€2,400
up €2,400 (+17.1%), from €14,000 to €16,400
- Cash -€1,343
down €1,343 (-69.1%), from €1,943 to €600
mainly Investment in fixed assets (net) (-€18,160) and Receivables within one year (-€5,174)
- Current portion of long-term debt +€5,083
up €5,083 (+120%), from €4,223 to €9,307
- Tax, wage and social debts +€3,144
up €3,144 (+24.9%), from €12,644 to €15,788
of which Remuneration and social security: +€2,000
- Profit (loss) carried forward +€2,293
up €2,293 (+99.3%), from -€2,309 to -€16
- Gross operating margin -€10,680
down €10,680 (-33.5%), from €31,920 to €21,240
- Taxes -€4,808
down €4,808 (-79.1%), from €6,082 to €1,274
- Depreciation +€2,129
up €2,129 (+15.6%), from €13,669 to €15,798
- Other operating charges -€2,001
down €2,001 (-92.4%), from €2,166 to €165
- Financial income +€645
up €645 (+21.3%), from €3,033 to €3,678
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 | €112,540 | €122,981 | +€10,440 | +9.3% |
| Fixed assets | 21/28 | €40,095 | €42,457 | +€2,362 | +5.9% |
| Tangible fixed assets | 22/27 | €26,095 | €26,057 | -€38 | -0.1% |
| Plant, machinery and equipment | 23 | €12,030 | €3,518 | -€8,513 | -70.8% |
| Furniture and vehicles | 24 | €14,065 | €22,540 | +€8,474 | +60.3% |
| Financial fixed assets | 28 | €14,000 | €16,400 | +€2,400 | +17.1% |
| Current assets | 29/58 | €72,445 | €80,523 | +€8,079 | +11.2% |
| Stocks and contracts in progress | 3 | €1,678 | €5,926 | +€4,247 | +253% |
| Stocks | 30/36 | €1,678 | €5,926 | +€4,247 | +253% |
| Amounts receivable within one year | 40/41 | €68,824 | €73,998 | +€5,174 | +7.5% |
| Trade receivables | 40 | €18,196 | €17,058 | -€1,138 | -6.3% |
| Other amounts receivable | 41 | €50,628 | €56,940 | +€6,311 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,943 | €600 | -€1,343 | -69.1% |
| Total equity and liabilities | 10/49 | €112,540 | €122,981 | +€10,440 | +9.3% |
| Equity | 10/15 | €77,681 | €79,973 | +€2,293 | +3.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €78,490 | €78,490 | = | 0.0% |
| Distributable reserves | 133 | €78,490 | €78,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,309 | -€16 | +€2,293 | +99.3% |
| Amounts payable | 17/49 | €34,860 | €43,007 | +€8,148 | +23.4% |
| Amounts payable after more than one year | 17 | €15,076 | €14,611 | -€466 | -3.1% |
| Financial debts | 170/4 | €15,076 | €14,611 | -€466 | -3.1% |
| Amounts payable within one year | 42/48 | €19,783 | €28,397 | +€8,613 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €4,223 | €9,307 | +€5,083 | +120% |
| Trade debts | 44 | €2,916 | €3,302 | +€386 | +13.2% |
| Suppliers | 440/4 | €2,916 | €3,302 | +€386 | +13.2% |
| Taxes, remuneration and social security | 45 | €12,644 | €15,788 | +€3,144 | +24.9% |
| Taxes | 450/3 | €12,644 | €13,788 | +€1,144 | +9.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €219 | €391 | +€172 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,669 | €15,798 | +€2,129 | +15.6% |
| Other operating charges | 640/8 | €2,166 | €165 | -€2,001 | -92.4% |
| Non-recurring operating charges | 66A | - | €1,415 | +€1,415 | |
| Gross operating margin | 9900 | €31,920 | €21,240 | -€10,680 | -33.5% |
| Operating profit (loss) | 9901 | €15,866 | €3,471 | -€12,395 | -78.1% |
| Financial income | 75/76B | €3,033 | €3,678 | +€645 | +21.3% |
| Recurring financial income | 75 | €3,033 | €3,678 | +€645 | +21.3% |
| Financial charges | 65/66B | €3,409 | €3,582 | +€173 | +5.1% |
| Recurring financial charges | 65 | €3,409 | €3,582 | +€173 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €15,490 | €3,567 | -€11,923 | -77.0% |
| Income taxes | 67/77 | €6,082 | €1,274 | -€4,808 | -79.1% |
| Profit (loss) for the period | 9904 | €9,408 | €2,293 | -€7,115 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,408 | €2,293 | -€7,115 | -75.6% |
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 28 October 2026 via checked.be.