TCE 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.
TCE CONSTRUCT
Largest movements
- Cash +€9,800
up €9,800 (+54.1%), from €18,109 to €27,909
mainly Net result for the year (+€86,482) and Depreciation (+€71,982)
- Profit (loss) carried forward +€86,482
up €86,482 (+26.0%), from -€333,197 to -€246,715
- Debts after one year -€46,870
down €46,870 (-18.4%), from €254,887 to €208,017
- Trade debts -€18,199
down €18,199 (-6.1%), from €297,673 to €279,474
- Current portion of long-term debt -€5,931
down €5,931 (-9.8%), from €60,518 to €54,588
- Gross operating margin +€65,152
up €65,152 (+20.5%), from €318,200 to €383,352
- Staff costs -€39,986
down €39,986 (-16.4%), from €243,667 to €203,681
- Financial charges -€12,844
down €12,844 (-46.8%), from €27,437 to €14,593
- Other operating charges +€8,188
up €8,188 (+1589.7%), from €515 to €8,703
- Depreciation +€6,069
up €6,069 (+9.2%), from €65,914 to €71,982
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 | €508,081 | €521,268 | +€13,186 | +2.6% |
| Fixed assets | 21/28 | €184,433 | €185,819 | +€1,386 | +0.8% |
| Tangible fixed assets | 22/27 | €171,719 | €173,105 | +€1,386 | +0.8% |
| Plant, machinery and equipment | 23 | - | €56,096 | +€56,096 | |
| Furniture and vehicles | 24 | €27,173 | €24,291 | -€2,882 | -10.6% |
| Leasing and similar rights | 25 | €144,546 | €92,718 | -€51,828 | -35.9% |
| Financial fixed assets | 28 | €12,714 | €12,714 | = | 0.0% |
| Current assets | 29/58 | €323,648 | €335,448 | +€11,801 | +3.6% |
| Amounts receivable within one year | 40/41 | €304,144 | €307,273 | +€3,129 | +1.0% |
| Trade receivables | 40 | €293,421 | €299,785 | +€6,364 | +2.2% |
| Other amounts receivable | 41 | €10,723 | €7,489 | -€3,235 | -30.2% |
| Cash at bank and in hand | 54/58 | €18,109 | €27,909 | +€9,800 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,395 | €266 | -€1,129 | -80.9% |
| Total equity and liabilities | 10/49 | €508,081 | €521,268 | +€13,186 | +2.6% |
| Equity | 10/15 | -€330,197 | -€243,715 | +€86,482 | +26.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,197 | -€246,715 | +€86,482 | +26.0% |
| Amounts payable | 17/49 | €838,278 | €764,983 | -€73,296 | -8.7% |
| Amounts payable after more than one year | 17 | €254,887 | €208,017 | -€46,870 | -18.4% |
| Financial debts | 170/4 | €254,887 | €208,017 | -€46,870 | -18.4% |
| Amounts payable within one year | 42/48 | €583,392 | €556,966 | -€26,426 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €60,518 | €54,588 | -€5,931 | -9.8% |
| Trade debts | 44 | €297,673 | €279,474 | -€18,199 | -6.1% |
| Suppliers | 440/4 | €297,673 | €279,474 | -€18,199 | -6.1% |
| Taxes, remuneration and social security | 45 | €224,194 | €222,014 | -€2,180 | -1.0% |
| Taxes | 450/3 | €87,862 | €107,154 | +€19,292 | +22.0% |
| Remuneration and social security | 454/9 | €136,332 | €114,860 | -€21,472 | -15.7% |
| Other amounts payable | 47/48 | €1,007 | €890 | -€117 | -11.6% |
| Remuneration, social security and pensions | 62 | €243,667 | €203,681 | -€39,986 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,914 | €71,982 | +€6,069 | +9.2% |
| Other operating charges | 640/8 | €515 | €8,703 | +€8,188 | +1589.7% |
| Gross operating margin | 9900 | €318,200 | €383,352 | +€65,152 | +20.5% |
| Operating profit (loss) | 9901 | €8,105 | €98,985 | +€90,881 | +1121.3% |
| Financial income | 75/76B | €6 | €9 | +€3 | +55.8% |
| Recurring financial income | 75 | €6 | €9 | +€3 | +55.8% |
| Financial charges | 65/66B | €27,437 | €14,593 | -€12,844 | -46.8% |
| Recurring financial charges | 65 | €27,437 | €14,593 | -€12,844 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,326 | €84,401 | +€103,728 | |
| Income taxes | 67/77 | €1,356 | -€2,080 | -€3,436 | |
| Profit (loss) for the period | 9904 | -€20,682 | €86,482 | +€107,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,682 | €86,482 | +€107,164 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.