TERNAVCA 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.
TERNAVCA CONSTRUCT
Largest movements
- Receivables within one year +€57,356
up €57,356 (+125.6%), from €45,679 to €103,035
of which Other amounts receivable: +€49,732
- Tangible fixed assets -€2,222
down €2,222 (-58.9%), from €3,771 to €1,549
- Cash +€1,265
up €1,265 (+22.0%), from €5,751 to €7,016
mainly Net result for the year (+€38,589) and Tax, wage and social debts (+€9,206)
- Profit (loss) carried forward +€38,589
up €38,589 (+114.9%), from €33,584 to €72,173
- Tax, wage and social debts +€9,206
up €9,206 (+97.1%), from €9,483 to €18,689
- Trade debts +€8,604
up €8,604 (+94.2%), from €9,133 to €17,737
of which Bills of exchange payable: +€6,597
- Turnover +€168,581
up €168,581 (+133.2%), from €126,581 to €295,162
- Purchases and services +€155,763
up €155,763 (+178.5%), from €87,242 to €243,005
- Gross operating margin +€12,818
up €12,818 (+32.6%), from €39,339 to €52,156
- Taxes +€3,054
up €3,054 (+39.1%), from €7,817 to €10,871
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 | €55,200 | €111,599 | +€56,399 | +102.2% |
| Fixed assets | 21/28 | €3,771 | €1,549 | -€2,222 | -58.9% |
| Tangible fixed assets | 22/27 | €3,771 | €1,549 | -€2,222 | -58.9% |
| Furniture and vehicles | 24 | €3,771 | €1,549 | -€2,222 | -58.9% |
| Current assets | 29/58 | €51,430 | €110,050 | +€58,621 | +114.0% |
| Amounts receivable within one year | 40/41 | €45,679 | €103,035 | +€57,356 | +125.6% |
| Trade receivables | 40 | €17,643 | €25,268 | +€7,624 | +43.2% |
| Other amounts receivable | 41 | €28,035 | €77,767 | +€49,732 | +177.4% |
| Cash at bank and in hand | 54/58 | €5,751 | €7,016 | +€1,265 | +22.0% |
| Total equity and liabilities | 10/49 | €55,200 | €111,599 | +€56,399 | +102.2% |
| Equity | 10/15 | €36,584 | €75,173 | +€38,589 | +105.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,584 | €72,173 | +€38,589 | +114.9% |
| Amounts payable | 17/49 | €18,616 | €36,426 | +€17,810 | +95.7% |
| Amounts payable within one year | 42/48 | €18,616 | €36,426 | +€17,810 | +95.7% |
| Trade debts | 44 | €9,133 | €17,737 | +€8,604 | +94.2% |
| Suppliers | 440/4 | €13 | €2,020 | +€2,007 | +15679.2% |
| Bills of exchange payable | 441 | €9,120 | €15,717 | +€6,597 | +72.3% |
| Taxes, remuneration and social security | 45 | €9,483 | €18,689 | +€9,206 | +97.1% |
| Taxes | 450/3 | €9,483 | €18,689 | +€9,206 | +97.1% |
| Turnover | 70 | €126,581 | €295,162 | +€168,581 | +133.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €87,242 | €243,005 | +€155,763 | +178.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,222 | €2,222 | = | 0.0% |
| Other operating charges | 640/8 | €200 | €120 | -€80 | -40.0% |
| Gross operating margin | 9900 | €39,339 | €52,156 | +€12,818 | +32.6% |
| Operating profit (loss) | 9901 | €36,917 | €49,814 | +€12,898 | +34.9% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €382 | €360 | -€21 | -5.6% |
| Recurring financial charges | 65 | €382 | €360 | -€21 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €36,535 | €49,460 | +€12,925 | +35.4% |
| Income taxes | 67/77 | €7,817 | €10,871 | +€3,054 | +39.1% |
| Profit (loss) for the period | 9904 | €28,718 | €38,589 | +€9,871 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,718 | €38,589 | +€9,871 | +34.4% |
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 10 October 2026 via checked.be.