TT Construct Reynaert: 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.
TT Construct Reynaert
Largest movements
- Cash -€7,201
down €7,201 (-29.2%), from €24,633 to €17,433
mainly Investment in fixed assets (net) (-€7,153) and Trade debts (-€3,140)
- Tangible fixed assets +€4,134
up €4,134 (+39.5%), from €10,462 to €14,596
of which Land and buildings: +€4,578
- Trade debts -€3,140
down €3,140 (-78.0%), from €4,024 to €884
- Gross operating margin -€13,940
down €13,940 (-65.8%), from €21,182 to €7,242
- Taxes -€2,484
down €2,484 (-66.7%), from €3,726 to €1,242
- Depreciation +€1,325
up €1,325 (+78.2%), from €1,695 to €3,019
- Other operating charges +€916
up €916 (+155.0%), from €591 to €1,507
- Financial charges -€638
down €638 (-21.8%), from €2,928 to €2,290
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 | €61,392 | €58,144 | -€3,248 | -5.3% |
| Fixed assets | 21/28 | €10,462 | €14,596 | +€4,134 | +39.5% |
| Tangible fixed assets | 22/27 | €10,462 | €14,596 | +€4,134 | +39.5% |
| Land and buildings | 22 | - | €4,578 | +€4,578 | |
| Plant, machinery and equipment | 23 | €4,584 | €3,999 | -€585 | -12.8% |
| Furniture and vehicles | 24 | €5,878 | €6,019 | +€141 | +2.4% |
| Current assets | 29/58 | €50,930 | €43,548 | -€7,382 | -14.5% |
| Amounts receivable within one year | 40/41 | €25,646 | €25,165 | -€482 | -1.9% |
| Trade receivables | 40 | €8,151 | €6,651 | -€1,500 | -18.4% |
| Other amounts receivable | 41 | €17,495 | €18,514 | +€1,018 | +5.8% |
| Cash at bank and in hand | 54/58 | €24,633 | €17,433 | -€7,201 | -29.2% |
| Deferred charges and accrued income | 490/1 | €650 | €951 | +€301 | +46.2% |
| Total equity and liabilities | 10/49 | €61,392 | €58,144 | -€3,248 | -5.3% |
| Equity | 10/15 | €54,929 | €54,821 | -€108 | -0.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €53,429 | €53,321 | -€108 | -0.2% |
| Distributable reserves | 133 | €53,429 | €53,321 | -€108 | -0.2% |
| Amounts payable | 17/49 | €6,463 | €3,323 | -€3,140 | -48.6% |
| Amounts payable within one year | 42/48 | €5,974 | €2,834 | -€3,140 | -52.6% |
| Trade debts | 44 | €4,024 | €884 | -€3,140 | -78.0% |
| Suppliers | 440/4 | €4,024 | €884 | -€3,140 | -78.0% |
| Taxes, remuneration and social security | 45 | €1,950 | €1,950 | = | 0.0% |
| Taxes | 450/3 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €489 | €489 | = | 0.0% |
| Non-recurring operating income | 76A | €5,592 | €0 | -€5,592 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,695 | €3,019 | +€1,325 | +78.2% |
| Other operating charges | 640/8 | €591 | €1,507 | +€916 | +155.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €21,182 | €7,242 | -€13,940 | -65.8% |
| Operating profit (loss) | 9901 | €18,896 | €2,715 | -€16,181 | -85.6% |
| Financial income | 75/76B | €376 | €709 | +€332 | +88.3% |
| Recurring financial income | 75 | €376 | €709 | +€332 | +88.3% |
| Financial charges | 65/66B | €2,928 | €2,290 | -€638 | -21.8% |
| Recurring financial charges | 65 | €2,928 | €2,290 | -€638 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €16,344 | €1,134 | -€15,210 | -93.1% |
| Income taxes | 67/77 | €3,726 | €1,242 | -€2,484 | -66.7% |
| Profit (loss) for the period | 9904 | €12,619 | -€108 | -€12,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,619 | -€108 | -€12,727 |
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 10 October 2026 via checked.be.