TESCO 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.
TESCO CONSTRUCT
Largest movements
- Cash -€920,575
down €920,575 (-75.5%), from €1.2m to €298,041
mainly Contributions, distributions and other (-€480,000) and Trade debts (-€368,744)
- Receivables within one year -€162,660
down €162,660 (-72.1%), from €225,721 to €63,061
of which Trade receivables: -€85,043
- Tangible fixed assets -€39,242
down €39,242 (-3.5%), from €1.1m to €1.1m
of which Land and buildings: -€30,370
- Reserves -€480,000
down €480,000 (-44.7%), from €1.1m to €593,581
- Trade debts -€368,744
down €368,744 (-97.6%), from €377,878 to €9,135
- Profit (loss) carried forward -€120,450
new in 2025: -€120,450
- Tax, wage and social debts -€119,764
down €119,764 (-92.6%), from €129,308 to €9,544
- Debts after one year -€33,619
down €33,619 (-3.7%), from €901,973 to €868,354
of which Financial debts: -€32,645
- Gross operating margin -€977,474
down €977,474, from €959,554 to -€17,920
- Staff costs -€768,204
down €768,204 (-99.8%), from €769,457 to €1,253
- Other operating charges -€79,446
down €79,446 (-82.1%), from €96,819 to €17,372
- Taxes -€12,754
down €12,754 (-97.5%), from €13,086 to €331
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.
Derived cash bridge
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 | €2,582,326 | €1,445,209 | -€1.1m | -44.0% |
| Fixed assets | 21/28 | €1,128,887 | €1,077,873 | -€51,015 | -4.5% |
| Tangible fixed assets | 22/27 | €1,112,625 | €1,073,383 | -€39,242 | -3.5% |
| Land and buildings | 22 | €1,101,476 | €1,071,107 | -€30,370 | -2.8% |
| Plant, machinery and equipment | 23 | - | €2,276 | +€2,276 | |
| Furniture and vehicles | 24 | €11,148 | - | -€11,148 | |
| Financial fixed assets | 28 | €16,263 | €4,490 | -€11,773 | -72.4% |
| Current assets | 29/58 | €1,453,438 | €367,337 | -€1.1m | -74.7% |
| Amounts receivable within one year | 40/41 | €225,721 | €63,061 | -€162,660 | -72.1% |
| Trade receivables | 40 | €108,949 | €23,906 | -€85,043 | -78.1% |
| Other amounts receivable | 41 | €116,772 | €39,154 | -€77,617 | -66.5% |
| Cash at bank and in hand | 54/58 | €1,218,617 | €298,041 | -€920,575 | -75.5% |
| Deferred charges and accrued income | 490/1 | €9,100 | €6,235 | -€2,866 | -31.5% |
| Total equity and liabilities | 10/49 | €2,582,326 | €1,445,209 | -€1.1m | -44.0% |
| Equity | 10/15 | €1,093,581 | €493,132 | -€600,450 | -54.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,073,581 | €593,581 | -€480,000 | -44.7% |
| Distributable reserves | 133 | €1,073,581 | €593,581 | -€480,000 | -44.7% |
| Profit (loss) carried forward | 14 | - | -€120,450 | -€120,450 | |
| Amounts payable | 17/49 | €1,488,744 | €952,078 | -€536,667 | -36.0% |
| Amounts payable after more than one year | 17 | €901,973 | €868,354 | -€33,619 | -3.7% |
| Financial debts | 170/4 | €896,730 | €864,085 | -€32,645 | -3.6% |
| Other amounts payable | 178/9 | €5,243 | €4,269 | -€974 | -18.6% |
| Amounts payable within one year | 42/48 | €586,771 | €83,724 | -€503,048 | -85.7% |
| Current portion of amounts payable after more than one year | 42 | €31,144 | €32,645 | +€1,500 | +4.8% |
| Trade debts | 44 | €377,878 | €9,135 | -€368,744 | -97.6% |
| Suppliers | 440/4 | €377,878 | €9,135 | -€368,744 | -97.6% |
| Advances received on contracts in progress | 46 | €35,679 | €32,400 | -€3,279 | -9.2% |
| Taxes, remuneration and social security | 45 | €129,308 | €9,544 | -€119,764 | -92.6% |
| Taxes | 450/3 | €129,308 | €9,544 | -€119,764 | -92.6% |
| Other amounts payable | 47/48 | €12,761 | - | -€12,761 | |
| Remuneration, social security and pensions | 62 | €769,457 | €1,253 | -€768,204 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,007 | €31,098 | -€7,909 | -20.3% |
| Other operating charges | 640/8 | €96,819 | €17,372 | -€79,446 | -82.1% |
| Gross operating margin | 9900 | €959,554 | -€17,920 | -€977,474 | |
| Operating profit (loss) | 9901 | €54,270 | -€67,644 | -€121,915 | |
| Financial income | 75/76B | €784 | €1,678 | +€894 | +114% |
| Recurring financial income | 75 | €784 | €1,678 | +€894 | +114% |
| Financial charges | 65/66B | €60,984 | €54,152 | -€6,832 | -11.2% |
| Recurring financial charges | 65 | €60,984 | €54,152 | -€6,832 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,930 | -€120,118 | -€114,189 | -1,926% |
| Income taxes | 67/77 | €13,086 | €331 | -€12,754 | -97.5% |
| Profit (loss) for the period | 9904 | -€19,015 | -€120,450 | -€101,434 | -533% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,015 | -€120,450 | -€101,434 | -533% |
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 15 October 2026 via checked.be.