TR 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.
TR Construct
Largest movements
- Cash +€21,615
up €21,615 (+53.1%), from €40,708 to €62,323
- Tangible fixed assets +€10,937
up €10,937 (+168%), from €6,502 to €17,439
of which Land and buildings: +€5,920
- Deferred charges and accrued income +€5,133
new in 2024: €5,133
- Receivables within one year -€1,793
down €1,793 (-4.2%), from €42,837 to €41,044
of which Trade receivables: -€3,187
- Reserves +€25,000
up €25,000 (+211%), from €11,860 to €36,860
of which Non-distributable reserves: +€35,000
- Debts after one year +€7,926
up €7,926 (+82.3%), from €9,625 to €17,551
- Profit (loss) carried forward +€7,456
up €7,456 (+28.7%), from €26,014 to €33,470
- Trade debts -€3,130
down €3,130 (-18.3%), from €17,107 to €13,977
- Tax, wage and social debts -€1,359
down €1,359 (-19.9%), from €6,842 to €5,482
- Turnover +€277,141
new in 2024: €277,141
- Purchases and services +€243,188
new in 2024: €243,188
- Gross operating margin +€15,574
up €15,574 (+84.7%), from €18,380 to €33,954
From the 2022 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,047 | €125,939 | +€35,892 | +39.9% |
| Fixed assets | 21/28 | €6,502 | €17,439 | +€10,937 | +168% |
| Tangible fixed assets | 22/27 | €6,502 | €17,439 | +€10,937 | +168% |
| Land and buildings | 22 | - | €5,920 | +€5,920 | |
| Plant, machinery and equipment | 23 | €6,502 | €11,519 | +€5,017 | +77.2% |
| Current assets | 29/58 | €83,545 | €108,500 | +€24,955 | +29.9% |
| Amounts receivable within one year | 40/41 | €42,837 | €41,044 | -€1,793 | -4.2% |
| Trade receivables | 40 | €33,222 | €30,035 | -€3,187 | -9.6% |
| Other amounts receivable | 41 | €9,615 | €11,009 | +€1,394 | +14.5% |
| Cash at bank and in hand | 54/58 | €40,708 | €62,323 | +€21,615 | +53.1% |
| Deferred charges and accrued income | 490/1 | - | €5,133 | +€5,133 | |
| Total equity and liabilities | 10/49 | €90,047 | €125,939 | +€35,892 | +39.9% |
| Equity | 10/15 | €56,474 | €88,930 | +€32,456 | +57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €11,860 | €36,860 | +€25,000 | +211% |
| Non-distributable reserves | 130/1 | €1,860 | €36,860 | +€35,000 | +1,882% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Own shares acquired | 1312 | - | €35,000 | +€35,000 | |
| Distributable reserves | 133 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €26,014 | €33,470 | +€7,456 | +28.7% |
| Amounts payable | 17/49 | €33,573 | €37,010 | +€3,436 | +10.2% |
| Amounts payable after more than one year | 17 | €9,625 | €17,551 | +€7,926 | +82.3% |
| Financial debts | 170/4 | €9,625 | €17,551 | +€7,926 | +82.3% |
| Amounts payable within one year | 42/48 | €23,948 | €19,459 | -€4,490 | -18.7% |
| Trade debts | 44 | €17,107 | €13,977 | -€3,130 | -18.3% |
| Suppliers | 440/4 | €17,107 | €13,977 | -€3,130 | -18.3% |
| Taxes, remuneration and social security | 45 | €6,842 | €5,482 | -€1,359 | -19.9% |
| Taxes | 450/3 | €6,842 | €5,482 | -€1,359 | -19.9% |
| Turnover | 70 | - | €277,141 | +€277,141 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €243,188 | +€243,188 | |
| Remuneration, social security and pensions | 62 | - | €320 | +€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €2,385 | +€1,642 | +221% |
| Other operating charges | 640/8 | €106 | €255 | +€149 | +140% |
| Gross operating margin | 9900 | €18,380 | €33,954 | +€15,574 | +84.7% |
| Operating profit (loss) | 9901 | €17,531 | €30,994 | +€13,464 | +76.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €430 | €384 | -€47 | -10.8% |
| Recurring financial charges | 65 | €430 | €384 | -€47 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €17,103 | €30,611 | +€13,508 | +79.0% |
| Income taxes | 67/77 | €3,850 | €4,500 | +€650 | +16.9% |
| Profit (loss) for the period | 9904 | €13,253 | €26,111 | +€12,858 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,253 | €26,111 | +€12,858 | +97.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.