TE 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.
TE Construct
Largest movements
- Cash -€2,671
down €2,671 (-10.6%), from €25,097 to €22,426
mainly Contributions, distributions and other (-€65,696) and Tax, wage and social debts (-€1,291)
- Receivables within one year -€2,500
down €2,500 (-14.7%), from €17,020 to €14,520
of which Other amounts receivable: -€2,500
- Receivables after one year -€1,800
down €1,800 (-3.3%), from €54,600 to €52,800
- Deferred charges and accrued income -€1,247
down €1,247 (-87.8%), from €1,421 to €174
- Reserves -€7,189
down €7,189 (-100.0%), from €7,189 to €0
of which Distributable reserves: -€5,329
- Tax, wage and social debts -€1,291
down €1,291 (-31.4%), from €4,113 to €2,821
- Gross operating margin -€4,273
down €4,273 (-5.5%), from €78,066 to €73,792
- Financial income -€2,085
down €2,085 (-68.0%), from €3,067 to €982
- Taxes -€1,051
down €1,051 (-6.4%), from €16,487 to €15,436
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,214 | €89,996 | -€8,218 | -8.4% |
| Fixed assets | 21/28 | €76 | €76 | = | 0.0% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €98,137 | €89,919 | -€8,218 | -8.4% |
| Amounts receivable after more than one year | 29 | €54,600 | €52,800 | -€1,800 | -3.3% |
| Other amounts receivable | 291 | €54,600 | €52,800 | -€1,800 | -3.3% |
| Amounts receivable within one year | 40/41 | €17,020 | €14,520 | -€2,500 | -14.7% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €2,500 | €0 | -€2,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,097 | €22,426 | -€2,671 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,421 | €174 | -€1,247 | -87.8% |
| Total equity and liabilities | 10/49 | €98,214 | €89,996 | -€8,218 | -8.4% |
| Equity | 10/15 | €25,789 | €18,600 | -€7,189 | -27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,189 | €0 | -€7,189 | -100.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €5,329 | €0 | -€5,329 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,425 | €71,396 | -€1,029 | -1.4% |
| Amounts payable within one year | 42/48 | €72,425 | €71,396 | -€1,029 | -1.4% |
| Trade debts | 44 | €1,702 | €1,487 | -€215 | -12.7% |
| Suppliers | 440/4 | €1,702 | €1,487 | -€215 | -12.7% |
| Taxes, remuneration and social security | 45 | €4,113 | €2,821 | -€1,291 | -31.4% |
| Taxes | 450/3 | €4,113 | €2,821 | -€1,291 | -31.4% |
| Other amounts payable | 47/48 | €66,610 | €67,088 | +€478 | +0.7% |
| Other operating charges | 640/8 | €410 | €446 | +€37 | +9.0% |
| Gross operating margin | 9900 | €78,066 | €73,792 | -€4,273 | -5.5% |
| Operating profit (loss) | 9901 | €77,656 | €73,346 | -€4,310 | -5.6% |
| Financial income | 75/76B | €3,067 | €982 | -€2,085 | -68.0% |
| Recurring financial income | 75 | €3,067 | €982 | -€2,085 | -68.0% |
| Financial charges | 65/66B | €103 | €386 | +€283 | +273.2% |
| Recurring financial charges | 65 | €103 | €386 | +€283 | +273.2% |
| Profit (loss) for the period before taxes | 9903 | €80,620 | €73,942 | -€6,678 | -8.3% |
| Income taxes | 67/77 | €16,487 | €15,436 | -€1,051 | -6.4% |
| Profit (loss) for the period | 9904 | €64,134 | €58,506 | -€5,627 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,134 | €58,506 | -€5,627 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.