OLDSCHOOL TT: 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.
OLDSCHOOL TT
Largest movements
- Receivables within one year +€12,590
up €12,590 (+43.4%), from €29,042 to €41,632
of which Trade receivables: +€12,832
- Cash +€11,022
up €11,022 (+275%), from €4,008 to €15,029
mainly Net result for the year (+€19,592) and Tax, wage and social debts (+€6,178)
- Tangible fixed assets -€2,531
down €2,531 (-21.8%), from €11,587 to €9,056
of which Furniture and vehicles: -€2,011
- Profit (loss) carried forward +€21,193
up €21,193 (+102%), from €20,817 to €42,010
- Other debts -€6,709
down €6,709 (-41.6%), from €16,115 to €9,406
- Tax, wage and social debts +€6,178
up €6,178 (+119%), from €5,204 to €11,382
- Depreciation +€2,553
up €2,553 (+9,024%), from €28 to €2,581
- Gross operating margin +€1,738
up €1,738 (+6.7%), from €26,049 to €27,787
- Other operating charges +€676
new in 2025: €676
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 | €45,136 | €66,167 | +€21,031 | +46.6% |
| Fixed assets | 21/28 | €12,087 | €9,506 | -€2,581 | -21.4% |
| Intangible fixed assets | 21 | €499 | €449 | -€50 | -10.0% |
| Tangible fixed assets | 22/27 | €11,587 | €9,056 | -€2,531 | -21.8% |
| Plant, machinery and equipment | 23 | €1,554 | €1,034 | -€520 | -33.5% |
| Furniture and vehicles | 24 | €10,033 | €8,022 | -€2,011 | -20.0% |
| Current assets | 29/58 | €33,049 | €56,661 | +€23,612 | +71.4% |
| Amounts receivable within one year | 40/41 | €29,042 | €41,632 | +€12,590 | +43.4% |
| Trade receivables | 40 | €28,800 | €41,632 | +€12,832 | +44.6% |
| Other amounts receivable | 41 | €242 | €0 | -€242 | -100% |
| Cash at bank and in hand | 54/58 | €4,008 | €15,029 | +€11,022 | +275% |
| Total equity and liabilities | 10/49 | €45,136 | €66,167 | +€21,031 | +46.6% |
| Equity | 10/15 | €23,817 | €45,010 | +€21,193 | +89.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,817 | €42,010 | +€21,193 | +102% |
| Amounts payable | 17/49 | €21,319 | €21,157 | -€162 | -0.8% |
| Amounts payable within one year | 42/48 | €21,319 | €21,157 | -€162 | -0.8% |
| Trade debts | 44 | - | €369 | +€369 | |
| Suppliers | 440/4 | - | €369 | +€369 | |
| Taxes, remuneration and social security | 45 | €5,204 | €11,382 | +€6,178 | +119% |
| Taxes | 450/3 | €5,204 | €11,382 | +€6,178 | +119% |
| Other amounts payable | 47/48 | €16,115 | €9,406 | -€6,709 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €2,581 | +€2,553 | +9,024% |
| Other operating charges | 640/8 | - | €676 | +€676 | |
| Gross operating margin | 9900 | €26,049 | €27,787 | +€1,738 | +6.7% |
| Operating profit (loss) | 9901 | €26,021 | €24,529 | -€1,491 | -5.7% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €26,021 | €24,529 | -€1,492 | -5.7% |
| Income taxes | 67/77 | €5,204 | €4,937 | -€267 | -5.1% |
| Profit (loss) for the period | 9904 | €20,817 | €19,592 | -€1,225 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,817 | €19,592 | -€1,225 | -5.9% |
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 18 October 2026 via checked.be.