TMA CONSTRUCT: what changed
Two fiscal 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.
TMA CONSTRUCT
Largest movements
- Cash +€58,147
up €58,147 (+255.6%), from €22,745 to €80,892
mainly Receivables within one year (+€50,778) and Debts after one year (+€17,949)
- Receivables within one year -€50,778
down €50,778 (-74.6%), from €68,103 to €17,324
of which Trade receivables: -€55,965
- Tangible fixed assets +€25,793
up €25,793 (+660.8%), from €3,903 to €29,696
of which Furniture and vehicles: +€25,432
- Debts after one year +€17,949
new in 2025: €17,949
- Profit (loss) carried forward +€12,130
up €12,130 (+116.2%), from €10,435 to €22,565
- Accrued charges and deferred income -€10,500
no longer reported in 2025 (was €10,500)
- Trade debts +€9,310
up €9,310 (+15.3%), from €60,826 to €70,135
- Current portion of long-term debt +€7,043
new in 2025: €7,043
- Gross operating margin +€9,943
up €9,943 (+195.1%), from €5,097 to €15,041
- Financial income +€6,271
up €6,271 (+1402.9%), from €447 to €6,718
- Depreciation +€3,806
up €3,806 (+178.1%), from €2,138 to €5,944
- Taxes +€828
up €828 (+164.6%), from €503 to €1,331
- Financial charges +€687
up €687 (+130.1%), from €528 to €1,215
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 | €102,978 | €136,054 | +€33,076 | +32.1% |
| Fixed assets | 21/28 | €3,903 | €29,696 | +€25,793 | +660.8% |
| Tangible fixed assets | 22/27 | €3,903 | €29,696 | +€25,793 | +660.8% |
| Plant, machinery and equipment | 23 | - | €361 | +€361 | |
| Furniture and vehicles | 24 | €3,903 | €29,335 | +€25,432 | +651.6% |
| Current assets | 29/58 | €99,075 | €106,358 | +€7,283 | +7.4% |
| Amounts receivable within one year | 40/41 | €68,103 | €17,324 | -€50,778 | -74.6% |
| Trade receivables | 40 | €65,900 | €9,935 | -€55,965 | -84.9% |
| Other amounts receivable | 41 | €2,203 | €7,390 | +€5,187 | +235.5% |
| Cash at bank and in hand | 54/58 | €22,745 | €80,892 | +€58,147 | +255.6% |
| Deferred charges and accrued income | 490/1 | €8,227 | €8,142 | -€85 | -1.0% |
| Total equity and liabilities | 10/49 | €102,978 | €136,054 | +€33,076 | +32.1% |
| Equity | 10/15 | €18,795 | €30,925 | +€12,130 | +64.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,435 | €22,565 | +€12,130 | +116.2% |
| Amounts payable | 17/49 | €84,183 | €105,128 | +€20,946 | +24.9% |
| Amounts payable after more than one year | 17 | - | €17,949 | +€17,949 | |
| Financial debts | 170/4 | - | €17,949 | +€17,949 | |
| Amounts payable within one year | 42/48 | €73,683 | €87,179 | +€13,497 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,043 | +€7,043 | |
| Trade debts | 44 | €60,826 | €70,135 | +€9,310 | +15.3% |
| Suppliers | 440/4 | €60,826 | €70,135 | +€9,310 | +15.3% |
| Taxes, remuneration and social security | 45 | €12,857 | €10,001 | -€2,856 | -22.2% |
| Taxes | 450/3 | €12,857 | €10,001 | -€2,856 | -22.2% |
| Accrued charges and deferred income | 492/3 | €10,500 | - | -€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,138 | €5,944 | +€3,806 | +178.1% |
| Other operating charges | 640/8 | €1,360 | €1,139 | -€221 | -16.2% |
| Gross operating margin | 9900 | €5,097 | €15,041 | +€9,943 | +195.1% |
| Operating profit (loss) | 9901 | €1,600 | €7,958 | +€6,358 | +397.3% |
| Financial income | 75/76B | €447 | €6,718 | +€6,271 | +1402.9% |
| Recurring financial income | 75 | €447 | €6,718 | +€6,271 | +1402.9% |
| Financial charges | 65/66B | €528 | €1,215 | +€687 | +130.1% |
| Recurring financial charges | 65 | €528 | €1,215 | +€687 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | €1,519 | €13,461 | +€11,942 | +786.0% |
| Income taxes | 67/77 | €503 | €1,331 | +€828 | +164.6% |
| Profit (loss) for the period | 9904 | €1,016 | €12,130 | +€11,114 | +1093.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,016 | €12,130 | +€11,114 | +1093.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.