TNC 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.
TNC CONSTRUCT
Largest movements
- Receivables within one year +€26,633
up €26,633 (+93.5%), from €28,474 to €55,107
of which Trade receivables: +€14,539
- Tangible fixed assets -€21,660
down €21,660 (-30.8%), from €70,407 to €48,747
of which Furniture and vehicles: -€20,656
- Cash +€5,892
up €5,892 (+7.3%), from €80,575 to €86,467
mainly Net result for the year (+€27,806) and Depreciation (+€25,626)
- Deferred charges and accrued income -€4,086
down €4,086 (-73.4%), from €5,567 to €1,482
- Profit (loss) carried forward +€27,806
up €27,806 (+35.5%), from €78,217 to €106,022
- Trade debts -€25,542
down €25,542 (-51.7%), from €49,449 to €23,907
- Tax, wage and social debts +€16,123
up €16,123 (+304.9%), from €5,288 to €21,412
- Debts after one year -€12,271
down €12,271 (-31.1%), from €39,461 to €27,191
- Purchases and services +€74,735
up €74,735 (+10.2%), from €734,909 to €809,645
- Gross operating margin +€40,194
up €40,194 (+90.6%), from €44,359 to €84,553
- Taxes +€12,633
up €12,633 (+238.9%), from €5,288 to €17,921
- Depreciation +€9,431
up €9,431 (+58.2%), from €16,195 to €25,626
- Other operating charges -€5,997
down €5,997 (-65.9%), from €9,102 to €3,105
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,023 | €191,803 | +€6,780 | +3.7% |
| Fixed assets | 21/28 | €70,407 | €48,747 | -€21,660 | -30.8% |
| Tangible fixed assets | 22/27 | €70,407 | €48,747 | -€21,660 | -30.8% |
| Plant, machinery and equipment | 23 | €7,045 | €6,041 | -€1,004 | -14.3% |
| Furniture and vehicles | 24 | €41,620 | €20,964 | -€20,656 | -49.6% |
| Leasing and similar rights | 25 | €21,742 | €21,742 | = | 0.0% |
| Current assets | 29/58 | €114,616 | €143,056 | +€28,439 | +24.8% |
| Amounts receivable within one year | 40/41 | €28,474 | €55,107 | +€26,633 | +93.5% |
| Trade receivables | 40 | €15,110 | €29,648 | +€14,539 | +96.2% |
| Other amounts receivable | 41 | €13,364 | €25,458 | +€12,094 | +90.5% |
| Cash at bank and in hand | 54/58 | €80,575 | €86,467 | +€5,892 | +7.3% |
| Deferred charges and accrued income | 490/1 | €5,567 | €1,482 | -€4,086 | -73.4% |
| Total equity and liabilities | 10/49 | €185,023 | €191,803 | +€6,780 | +3.7% |
| Equity | 10/15 | €79,217 | €107,022 | +€27,806 | +35.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,217 | €106,022 | +€27,806 | +35.5% |
| Amounts payable | 17/49 | €105,807 | €84,780 | -€21,026 | -19.9% |
| Amounts payable after more than one year | 17 | €39,461 | €27,191 | -€12,271 | -31.1% |
| Financial debts | 170/4 | €39,461 | €27,191 | -€12,271 | -31.1% |
| Amounts payable within one year | 42/48 | €66,345 | €57,590 | -€8,756 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €11,608 | €12,271 | +€663 | +5.7% |
| Trade debts | 44 | €49,449 | €23,907 | -€25,542 | -51.7% |
| Suppliers | 440/4 | €49,449 | €23,907 | -€25,542 | -51.7% |
| Taxes, remuneration and social security | 45 | €5,288 | €21,412 | +€16,123 | +304.9% |
| Taxes | 450/3 | €5,288 | €21,412 | +€16,123 | +304.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Goods, raw materials, services and sundry goods | 60/61 | €734,909 | €809,645 | +€74,735 | +10.2% |
| Remuneration, social security and pensions | 62 | - | €5,215 | +€5,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,195 | €25,626 | +€9,431 | +58.2% |
| Other operating charges | 640/8 | €9,102 | €3,105 | -€5,997 | -65.9% |
| Gross operating margin | 9900 | €44,359 | €84,553 | +€40,194 | +90.6% |
| Operating profit (loss) | 9901 | €19,062 | €50,607 | +€31,544 | +165.5% |
| Financial income | 75/76B | €31 | €1,042 | +€1,012 | +3303.8% |
| Recurring financial income | 75 | €31 | €1,042 | +€1,012 | +3303.8% |
| Financial charges | 65/66B | €3,675 | €5,922 | +€2,246 | +61.1% |
| Recurring financial charges | 65 | €3,675 | €5,922 | +€2,246 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €15,418 | €45,727 | +€30,309 | +196.6% |
| Income taxes | 67/77 | €5,288 | €17,921 | +€12,633 | +238.9% |
| Profit (loss) for the period | 9904 | €10,129 | €27,806 | +€17,677 | +174.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,129 | €27,806 | +€17,677 | +174.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.