TCR 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.
TCR CONSTRUCTION
Largest movements
- Cash +€20,094
up €20,094 (+1321.2%), from €1,521 to €21,615
mainly Net result for the year (+€25,817) and Depreciation (+€13,654)
- Receivables within one year +€14,511
up €14,511 (+30.8%), from €47,156 to €61,667
of which Trade receivables: +€9,389
- Tangible fixed assets -€13,654
down €13,654 (-33.3%), from €40,958 to €27,304
of which Furniture and vehicles: -€10,639
- Stocks and contracts -€9,884
no longer reported in 2024 (was €9,884)
- Formation expenses +€5,000
new in 2024: €5,000
- Profit (loss) carried forward +€25,817
up €25,817 (+152.8%), from €16,896 to €42,713
- Trade debts -€10,676
down €10,676 (-46.0%), from €23,202 to €12,526
- Tax, wage and social debts +€8,940
up €8,940 (+56.9%), from €15,716 to €24,656
of which Remuneration and social security: +€7,938
- Debts after one year -€7,564
down €7,564 (-34.3%), from €22,062 to €14,498
- Other debts -€2,450
down €2,450 (-13.5%), from €18,108 to €15,658
- Staff costs -€37,819
down €37,819 (-69.3%), from €54,594 to €16,775
- Gross operating margin +€11,759
up €11,759 (+22.7%), from €51,826 to €63,584
- Taxes +€6,528
up €6,528 (+2649.3%), from €246 to €6,774
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 | €108,178 | €121,615 | +€13,437 | +12.4% |
| Formation expenses | 20 | - | €5,000 | +€5,000 | |
| Fixed assets | 21/28 | €41,321 | €27,667 | -€13,654 | -33.0% |
| Tangible fixed assets | 22/27 | €40,958 | €27,304 | -€13,654 | -33.3% |
| Plant, machinery and equipment | 23 | €5,432 | €2,417 | -€3,015 | -55.5% |
| Furniture and vehicles | 24 | €35,526 | €24,887 | -€10,639 | -29.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €66,857 | €88,948 | +€22,091 | +33.0% |
| Stocks and contracts in progress | 3 | €9,884 | - | -€9,884 | |
| Stocks | 30/36 | €9,884 | - | -€9,884 | |
| Amounts receivable within one year | 40/41 | €47,156 | €61,667 | +€14,511 | +30.8% |
| Trade receivables | 40 | €43,772 | €53,161 | +€9,389 | +21.5% |
| Other amounts receivable | 41 | €3,384 | €8,506 | +€5,122 | +151.4% |
| Cash at bank and in hand | 54/58 | €1,521 | €21,615 | +€20,094 | +1321.2% |
| Deferred charges and accrued income | 490/1 | €8,296 | €5,665 | -€2,631 | -31.7% |
| Total equity and liabilities | 10/49 | €108,178 | €121,615 | +€13,437 | +12.4% |
| Equity | 10/15 | €20,896 | €46,713 | +€25,817 | +123.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,896 | €42,713 | +€25,817 | +152.8% |
| Amounts payable | 17/49 | €87,282 | €74,902 | -€12,380 | -14.2% |
| Amounts payable after more than one year | 17 | €22,062 | €14,498 | -€7,564 | -34.3% |
| Financial debts | 170/4 | €22,062 | €14,498 | -€7,564 | -34.3% |
| Amounts payable within one year | 42/48 | €65,220 | €60,404 | -€4,816 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €8,194 | €7,564 | -€630 | -7.7% |
| Trade debts | 44 | €23,202 | €12,526 | -€10,676 | -46.0% |
| Suppliers | 440/4 | €23,202 | €12,526 | -€10,676 | -46.0% |
| Taxes, remuneration and social security | 45 | €15,716 | €24,656 | +€8,940 | +56.9% |
| Taxes | 450/3 | €10,752 | €11,753 | +€1,002 | +9.3% |
| Remuneration and social security | 454/9 | €4,964 | €12,903 | +€7,938 | +159.9% |
| Other amounts payable | 47/48 | €18,108 | €15,658 | -€2,450 | -13.5% |
| Remuneration, social security and pensions | 62 | €54,594 | €16,775 | -€37,819 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,574 | €13,654 | +€79 | +0.6% |
| Other operating charges | 640/8 | - | €390 | +€390 | |
| Gross operating margin | 9900 | €51,826 | €63,584 | +€11,759 | +22.7% |
| Operating profit (loss) | 9901 | -€16,342 | €32,766 | +€49,108 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €36 | €175 | +€139 | +387.3% |
| Recurring financial charges | 65 | €36 | €175 | +€139 | +387.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,378 | €32,592 | +€48,970 | |
| Income taxes | 67/77 | €246 | €6,774 | +€6,528 | +2649.3% |
| Profit (loss) for the period | 9904 | -€16,624 | €25,817 | +€42,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,624 | €25,817 | +€42,442 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.