TCA CONSTRUCTIONS: 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.
TCA CONSTRUCTIONS
Largest movements
- Receivables within one year -€26,671
down €26,671 (-44.5%), from €59,871 to €33,200
of which Trade receivables: -€26,176
- Deferred charges and accrued income -€7,078
no longer reported in 2025 (was €7,078)
- Tangible fixed assets -€4,282
down €4,282 (-38.8%), from €11,038 to €6,756
- Profit (loss) carried forward -€23,981
down €23,981 (-113.5%), from -€21,134 to -€45,114
- Trade debts -€9,184
down €9,184 (-96.1%), from €9,558 to €374
- Other debts -€5,280
down €5,280 (-9.2%), from €57,279 to €51,999
- Gross operating margin -€6,936
down €6,936 (-80.7%), from -€8,591 to -€15,527
- Other operating charges -€4,276
down €4,276 (-92.2%), from €4,637 to €361
- Taxes +€1,640
up €1,640 (+662.6%), from €248 to €1,888
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 | €78,607 | €40,083 | -€38,524 | -49.0% |
| Fixed assets | 21/28 | €11,133 | €6,851 | -€4,282 | -38.5% |
| Tangible fixed assets | 22/27 | €11,038 | €6,756 | -€4,282 | -38.8% |
| Plant, machinery and equipment | 23 | €11,038 | €6,756 | -€4,282 | -38.8% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €67,474 | €33,232 | -€34,242 | -50.7% |
| Amounts receivable within one year | 40/41 | €59,871 | €33,200 | -€26,671 | -44.5% |
| Trade receivables | 40 | €58,467 | €32,291 | -€26,176 | -44.8% |
| Other amounts receivable | 41 | €1,404 | €909 | -€495 | -35.3% |
| Cash at bank and in hand | 54/58 | €525 | €32 | -€493 | -93.9% |
| Deferred charges and accrued income | 490/1 | €7,078 | - | -€7,078 | |
| Total equity and liabilities | 10/49 | €78,607 | €40,083 | -€38,524 | -49.0% |
| Equity | 10/15 | €11,690 | -€12,290 | -€23,981 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €26,627 | €26,627 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,627 | €26,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,134 | -€45,114 | -€23,981 | -113.5% |
| Amounts payable | 17/49 | €66,917 | €52,373 | -€14,544 | -21.7% |
| Amounts payable within one year | 42/48 | €66,917 | €52,373 | -€14,544 | -21.7% |
| Financial debts | 43 | €80 | - | -€80 | |
| Credit institutions | 430/8 | €80 | - | -€80 | |
| Trade debts | 44 | €9,558 | €374 | -€9,184 | -96.1% |
| Suppliers | 440/4 | €9,558 | €374 | -€9,184 | -96.1% |
| Other amounts payable | 47/48 | €57,279 | €51,999 | -€5,280 | -9.2% |
| Remuneration, social security and pensions | 62 | - | €80 | +€80 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,736 | €5,790 | +€54 | +0.9% |
| Other operating charges | 640/8 | €4,637 | €361 | -€4,276 | -92.2% |
| Gross operating margin | 9900 | -€8,591 | -€15,527 | -€6,936 | -80.7% |
| Operating profit (loss) | 9901 | -€18,965 | -€21,759 | -€2,794 | -14.7% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €360 | €334 | -€26 | -7.2% |
| Recurring financial charges | 65 | €360 | €334 | -€26 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,301 | -€22,093 | -€2,792 | -14.5% |
| Income taxes | 67/77 | €248 | €1,888 | +€1,640 | +662.6% |
| Profit (loss) for the period | 9904 | -€19,548 | -€23,981 | -€4,432 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,548 | -€23,981 | -€4,432 | -22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.