T&T: 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&T
Largest movements
- Receivables within one year -€14,994
down €14,994 (-31.2%), from €48,040 to €33,046
of which Other amounts receivable: -€8,790
- Intangible fixed assets -€13,600
no longer reported in 2025 (was €13,600)
- Cash +€12,488
up €12,488 (+206.8%), from €6,038 to €18,526
mainly Net result for the year (+€44,609) and Other debts (+€21,466)
- Tangible fixed assets -€4,545
down €4,545 (-13.1%), from €34,669 to €30,125
of which Furniture and vehicles: -€4,851
- Stocks and contracts -€2,893
down €2,893 (-81.6%), from €3,545 to €652
- Profit (loss) carried forward -€47,974
no longer reported in 2025 (was €47,974)
- Other debts +€21,466
up €21,466, from €0 to €21,466
- Trade debts +€12,812
up €12,812 (+55.0%), from €23,285 to €36,097
- Tax, wage and social debts -€10,393
down €10,393 (-90.6%), from €11,469 to €1,075
of which Taxes: -€9,487
- Current portion of long-term debt +€10,183
up €10,183 (+102.7%), from €9,919 to €20,103
- Gross operating margin -€14,745
down €14,745 (-13.6%), from €108,694 to €93,949
- Taxes +€4,121
up €4,121 (+29.6%), from €13,941 to €18,061
- Depreciation +€1,797
up €1,797 (+25.0%), from €7,192 to €8,989
- Staff costs -€1,783
down €1,783 (-10.1%), from €17,735 to €15,952
- Other operating charges +€1,157
up €1,157 (+31.6%), from €3,658 to €4,815
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 | €106,806 | €83,718 | -€23,088 | -21.6% |
| Fixed assets | 21/28 | €48,419 | €30,275 | -€18,145 | -37.5% |
| Intangible fixed assets | 21 | €13,600 | - | -€13,600 | |
| Tangible fixed assets | 22/27 | €34,669 | €30,125 | -€4,545 | -13.1% |
| Plant, machinery and equipment | 23 | €4,554 | €4,860 | +€306 | +6.7% |
| Furniture and vehicles | 24 | €30,116 | €25,265 | -€4,851 | -16.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €58,386 | €53,443 | -€4,944 | -8.5% |
| Stocks and contracts in progress | 3 | €3,545 | €652 | -€2,893 | -81.6% |
| Stocks | 30/36 | €3,545 | €652 | -€2,893 | -81.6% |
| Amounts receivable within one year | 40/41 | €48,040 | €33,046 | -€14,994 | -31.2% |
| Trade receivables | 40 | €28,159 | €21,954 | -€6,204 | -22.0% |
| Other amounts receivable | 41 | €19,882 | €11,092 | -€8,790 | -44.2% |
| Cash at bank and in hand | 54/58 | €6,038 | €18,526 | +€12,488 | +206.8% |
| Deferred charges and accrued income | 490/1 | €763 | €1,218 | +€455 | +59.6% |
| Total equity and liabilities | 10/49 | €106,806 | €83,718 | -€23,088 | -21.6% |
| Equity | 10/15 | €51,974 | €4,000 | -€47,974 | -92.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,974 | - | -€47,974 | |
| Amounts payable | 17/49 | €54,832 | €79,718 | +€24,886 | +45.4% |
| Amounts payable after more than one year | 17 | €10,158 | €977 | -€9,182 | -90.4% |
| Financial debts | 170/4 | €10,158 | €977 | -€9,182 | -90.4% |
| Amounts payable within one year | 42/48 | €44,674 | €78,741 | +€34,067 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €9,919 | €20,103 | +€10,183 | +102.7% |
| Trade debts | 44 | €23,285 | €36,097 | +€12,812 | +55.0% |
| Suppliers | 440/4 | €23,285 | €36,097 | +€12,812 | +55.0% |
| Taxes, remuneration and social security | 45 | €11,469 | €1,075 | -€10,393 | -90.6% |
| Taxes | 450/3 | €9,487 | - | -€9,487 | |
| Remuneration and social security | 454/9 | €1,982 | €1,075 | -€906 | -45.7% |
| Other amounts payable | 47/48 | €0 | €21,466 | +€21,466 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €17,735 | €15,952 | -€1,783 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,192 | €8,989 | +€1,797 | +25.0% |
| Other operating charges | 640/8 | €3,658 | €4,815 | +€1,157 | +31.6% |
| Non-recurring operating charges | 66A | €11,478 | - | -€11,478 | |
| Gross operating margin | 9900 | €108,694 | €93,949 | -€14,745 | -13.6% |
| Operating profit (loss) | 9901 | €68,630 | €64,193 | -€4,437 | -6.5% |
| Financial income | 75/76B | €613 | €276 | -€338 | -55.0% |
| Recurring financial income | 75 | €613 | €276 | -€338 | -55.0% |
| Financial charges | 65/66B | €1,941 | €1,799 | -€142 | -7.3% |
| Recurring financial charges | 65 | €1,941 | €1,799 | -€142 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €67,303 | €62,671 | -€4,632 | -6.9% |
| Income taxes | 67/77 | €13,941 | €18,061 | +€4,121 | +29.6% |
| Profit (loss) for the period | 9904 | €53,362 | €44,609 | -€8,753 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,362 | €44,609 | -€8,753 | -16.4% |
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 12 October 2026 via checked.be.