TMC 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.
TMC CONSTRUCT
Largest movements
- Receivables within one year +€12,313
new in 2025: €12,313
- Stocks and contracts +€11,506
up €11,506 (+10.0%), from €115,410 to €126,916
- Tangible fixed assets -€10,226
down €10,226 (-32.6%), from €31,385 to €21,159
of which Furniture and vehicles: -€10,106
- Cash -€5,274
down €5,274 (-35.7%), from €14,769 to €9,495
mainly Trade debts (-€16,623) and Receivables within one year (-€12,313)
- Tax, wage and social debts +€18,031
up €18,031 (+47.7%), from €37,781 to €55,813
of which Taxes: +€23,225
- Trade debts -€16,623
down €16,623 (-76.4%), from €21,761 to €5,138
- Other debts +€5,267
up €5,267 (+7.8%), from €67,924 to €73,191
- Profit (loss) carried forward +€3,330
up €3,330 (+10.6%), from €31,549 to €34,879
- Gross operating margin +€50,164
up €50,164 (+277%), from €18,101 to €68,265
- Staff costs +€49,726
new in 2025: €49,726
- Other operating charges +€1,821
up €1,821 (+176%), from €1,033 to €2,854
- Taxes -€1,250
down €1,250 (-43.4%), from €2,880 to €1,630
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 | €167,076 | €177,081 | +€10,005 | +6.0% |
| Fixed assets | 21/28 | €36,634 | €26,407 | -€10,226 | -27.9% |
| Tangible fixed assets | 22/27 | €31,385 | €21,159 | -€10,226 | -32.6% |
| Plant, machinery and equipment | 23 | €840 | €720 | -€120 | -14.3% |
| Furniture and vehicles | 24 | €30,545 | €20,439 | -€10,106 | -33.1% |
| Financial fixed assets | 28 | €5,248 | €5,248 | = | 0.0% |
| Current assets | 29/58 | €130,442 | €150,673 | +€20,231 | +15.5% |
| Stocks and contracts in progress | 3 | €115,410 | €126,916 | +€11,506 | +10.0% |
| Stocks | 30/36 | €115,410 | €126,916 | +€11,506 | +10.0% |
| Amounts receivable within one year | 40/41 | - | €12,313 | +€12,313 | |
| Other amounts receivable | 41 | - | €12,313 | +€12,313 | |
| Cash at bank and in hand | 54/58 | €14,769 | €9,495 | -€5,274 | -35.7% |
| Deferred charges and accrued income | 490/1 | €264 | €1,951 | +€1,687 | +640% |
| Total equity and liabilities | 10/49 | €167,076 | €177,081 | +€10,005 | +6.0% |
| Equity | 10/15 | €39,609 | €42,939 | +€3,330 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,549 | €34,879 | +€3,330 | +10.6% |
| Amounts payable | 17/49 | €127,467 | €134,142 | +€6,675 | +5.2% |
| Amounts payable within one year | 42/48 | €127,467 | €134,142 | +€6,675 | +5.2% |
| Trade debts | 44 | €21,761 | €5,138 | -€16,623 | -76.4% |
| Suppliers | 440/4 | €21,761 | €5,138 | -€16,623 | -76.4% |
| Taxes, remuneration and social security | 45 | €37,781 | €55,813 | +€18,031 | +47.7% |
| Taxes | 450/3 | €32,338 | €55,563 | +€23,225 | +71.8% |
| Remuneration and social security | 454/9 | €5,444 | €250 | -€5,194 | -95.4% |
| Other amounts payable | 47/48 | €67,924 | €73,191 | +€5,267 | +7.8% |
| Remuneration, social security and pensions | 62 | - | €49,726 | +€49,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,226 | €10,226 | = | 0.0% |
| Other operating charges | 640/8 | €1,033 | €2,854 | +€1,821 | +176% |
| Gross operating margin | 9900 | €18,101 | €68,265 | +€50,164 | +277% |
| Operating profit (loss) | 9901 | €6,842 | €5,459 | -€1,383 | -20.2% |
| Financial charges | 65/66B | €478 | €500 | +€22 | +4.6% |
| Recurring financial charges | 65 | €478 | €500 | +€22 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €6,364 | €4,960 | -€1,405 | -22.1% |
| Income taxes | 67/77 | €2,880 | €1,630 | -€1,250 | -43.4% |
| Profit (loss) for the period | 9904 | €3,484 | €3,330 | -€154 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,484 | €3,330 | -€154 | -4.4% |
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 14 October 2026 via checked.be.