TMD 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.
TMD CONSTRUCT
Largest movements
- Receivables within one year +€50,070
up €50,070 (+27.5%), from €181,945 to €232,014
of which Other amounts receivable: +€45,912
- Cash +€5,756
up €5,756 (+254.3%), from €2,263 to €8,019
mainly Net result for the year (+€65,170) and Tax, wage and social debts (+€17,698)
- Profit (loss) carried forward +€65,170
up €65,170 (+58.1%), from €112,094 to €177,264
- Tax, wage and social debts +€17,698
up €17,698 (+57.7%), from €30,698 to €48,396
of which Taxes: +€16,698
- Trade debts -€17,049
down €17,049 (-92.9%), from €18,353 to €1,304
- Debts after one year -€11,279
no longer reported in 2023 (was €11,279)
- Gross operating margin -€60,125
down €60,125 (-41.4%), from €145,366 to €85,241
- Taxes -€14,400
down €14,400 (-46.9%), from €30,698 to €16,298
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 | €189,559 | €243,325 | +€53,766 | +28.4% |
| Fixed assets | 21/28 | €5,351 | €3,292 | -€2,059 | -38.5% |
| Tangible fixed assets | 22/27 | €5,351 | €3,292 | -€2,059 | -38.5% |
| Furniture and vehicles | 24 | €5,351 | €3,292 | -€2,059 | -38.5% |
| Current assets | 29/58 | €184,208 | €240,034 | +€55,826 | +30.3% |
| Amounts receivable within one year | 40/41 | €181,945 | €232,014 | +€50,070 | +27.5% |
| Trade receivables | 40 | €147,034 | €151,192 | +€4,158 | +2.8% |
| Other amounts receivable | 41 | €34,911 | €80,823 | +€45,912 | +131.5% |
| Cash at bank and in hand | 54/58 | €2,263 | €8,019 | +€5,756 | +254.3% |
| Total equity and liabilities | 10/49 | €189,559 | €243,325 | +€53,766 | +28.4% |
| Equity | 10/15 | €117,094 | €182,264 | +€65,170 | +55.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,094 | €177,264 | +€65,170 | +58.1% |
| Amounts payable | 17/49 | €72,465 | €61,061 | -€11,404 | -15.7% |
| Amounts payable after more than one year | 17 | €11,279 | - | -€11,279 | |
| Financial debts | 170/4 | €11,279 | - | -€11,279 | |
| Amounts payable within one year | 42/48 | €61,186 | €61,061 | -€125 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €12,135 | €11,361 | -€774 | -6.4% |
| Trade debts | 44 | €18,353 | €1,304 | -€17,049 | -92.9% |
| Suppliers | 440/4 | €18,353 | €1,304 | -€17,049 | -92.9% |
| Taxes, remuneration and social security | 45 | €30,698 | €48,396 | +€17,698 | +57.7% |
| Taxes | 450/3 | €30,698 | €47,396 | +€16,698 | +54.4% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,120 | €2,059 | +€939 | +83.8% |
| Other operating charges | 640/8 | €755 | €208 | -€546 | -72.4% |
| Gross operating margin | 9900 | €145,366 | €85,241 | -€60,125 | -41.4% |
| Operating profit (loss) | 9901 | €143,491 | €82,973 | -€60,518 | -42.2% |
| Financial charges | 65/66B | €700 | €1,505 | +€805 | +115.1% |
| Recurring financial charges | 65 | €700 | €1,505 | +€805 | +115.1% |
| Profit (loss) for the period before taxes | 9903 | €142,791 | €81,469 | -€61,323 | -42.9% |
| Income taxes | 67/77 | €30,698 | €16,298 | -€14,400 | -46.9% |
| Profit (loss) for the period | 9904 | €112,094 | €65,170 | -€46,923 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,094 | €65,170 | -€46,923 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.