T&N AY: 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.
T&N AY
Largest movements
- Receivables after one year +€21,913
up €21,913 (+23.9%), from €91,680 to €113,592
- Receivables within one year +€11,121
up €11,121 (+15.3%), from €72,710 to €83,832
of which Other amounts receivable: +€5,603
- Cash +€8,592
up €8,592 (+13.7%), from €62,788 to €71,380
mainly Net result for the year (+€30,844) and Tax, wage and social debts (+€21,271)
- Profit (loss) carried forward +€30,844
up €30,844 (+16.0%), from €193,306 to €224,150
- Tax, wage and social debts +€21,271
up €21,271 (+145%), from €14,666 to €35,938
of which Remuneration and social security: +€11,000
- Trade debts -€6,857
down €6,857 (-27.3%), from €25,116 to €18,258
- Staff costs +€29,732
up €29,732 (+48.3%), from €61,584 to €91,316
- Gross operating margin +€28,532
up €28,532 (+26.4%), from €108,167 to €136,699
- Financial charges -€2,977
down €2,977 (-74.2%), from €4,010 to €1,033
- Depreciation +€2,871
up €2,871 (+236%), from €1,219 to €4,090
- Other operating charges -€1,986
down €1,986 (-49.2%), from €4,036 to €2,050
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 | €245,432 | €290,690 | +€45,258 | +18.4% |
| Fixed assets | 21/28 | €8,926 | €11,476 | +€2,549 | +28.6% |
| Tangible fixed assets | 22/27 | €3,656 | €6,206 | +€2,549 | +69.7% |
| Furniture and vehicles | 24 | €3,656 | €3,378 | -€279 | -7.6% |
| Other tangible fixed assets | 26 | - | €2,828 | +€2,828 | |
| Financial fixed assets | 28 | €5,270 | €5,270 | = | 0.0% |
| Current assets | 29/58 | €236,506 | €279,214 | +€42,709 | +18.1% |
| Amounts receivable after more than one year | 29 | €91,680 | €113,592 | +€21,913 | +23.9% |
| Trade receivables | 290 | €91,680 | €113,592 | +€21,913 | +23.9% |
| Stocks and contracts in progress | 3 | €9,328 | €10,410 | +€1,082 | +11.6% |
| Stocks | 30/36 | €9,328 | €10,410 | +€1,082 | +11.6% |
| Amounts receivable within one year | 40/41 | €72,710 | €83,832 | +€11,121 | +15.3% |
| Trade receivables | 40 | €35,886 | €41,404 | +€5,518 | +15.4% |
| Other amounts receivable | 41 | €36,824 | €42,428 | +€5,603 | +15.2% |
| Cash at bank and in hand | 54/58 | €62,788 | €71,380 | +€8,592 | +13.7% |
| Total equity and liabilities | 10/49 | €245,432 | €290,690 | +€45,258 | +18.4% |
| Equity | 10/15 | €205,650 | €236,494 | +€30,844 | +15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,144 | €6,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,284 | €4,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,306 | €224,150 | +€30,844 | +16.0% |
| Amounts payable | 17/49 | €39,782 | €54,196 | +€14,414 | +36.2% |
| Amounts payable within one year | 42/48 | €39,782 | €54,196 | +€14,414 | +36.2% |
| Trade debts | 44 | €25,116 | €18,258 | -€6,857 | -27.3% |
| Suppliers | 440/4 | €25,116 | €18,258 | -€6,857 | -27.3% |
| Taxes, remuneration and social security | 45 | €14,666 | €35,938 | +€21,271 | +145% |
| Taxes | 450/3 | €9,825 | €20,096 | +€10,271 | +105% |
| Remuneration and social security | 454/9 | €4,841 | €15,841 | +€11,000 | +227% |
| Remuneration, social security and pensions | 62 | €61,584 | €91,316 | +€29,732 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €4,090 | +€2,871 | +236% |
| Other operating charges | 640/8 | €4,036 | €2,050 | -€1,986 | -49.2% |
| Gross operating margin | 9900 | €108,167 | €136,699 | +€28,532 | +26.4% |
| Operating profit (loss) | 9901 | €41,329 | €39,243 | -€2,086 | -5.0% |
| Financial income | 75/76B | €2,492 | €2,479 | -€13 | -0.5% |
| Recurring financial income | 75 | €2,492 | €2,479 | -€13 | -0.5% |
| Financial charges | 65/66B | €4,010 | €1,033 | -€2,977 | -74.2% |
| Recurring financial charges | 65 | €4,010 | €1,033 | -€2,977 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €39,811 | €40,689 | +€878 | +2.2% |
| Income taxes | 67/77 | €9,715 | €9,845 | +€130 | +1.3% |
| Profit (loss) for the period | 9904 | €30,096 | €30,844 | +€748 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,096 | €30,844 | +€748 | +2.5% |
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 19 October 2026 via checked.be.