T.T.C 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.
T.T.C CONSTRUCT
Largest movements
- Receivables within one year +€23,268
up €23,268 (+16.3%), from €142,979 to €166,247
of which Trade receivables: +€14,034
- Tangible fixed assets -€16,465
down €16,465 (-47.0%), from €35,042 to €18,577
- Cash -€5,326
down €5,326 (-94.3%), from €5,646 to €320
mainly Receivables within one year (-€23,268) and Contributions, distributions and other (-€12,500)
- Other debts +€12,500
new in 2024: €12,500
- Debts after one year -€9,877
no longer reported in 2024 (was €9,877)
- Current portion of long-term debt -€4,439
down €4,439 (-28.9%), from €15,360 to €10,921
- Trade debts -€4,166
down €4,166 (-11.7%), from €35,634 to €31,468
- Tax, wage and social debts +€3,263
up €3,263 (+44.6%), from €7,322 to €10,585
- Gross operating margin +€14,088
up €14,088 (+69.8%), from €20,173 to €34,261
- Taxes +€3,589
up €3,589 (+103%), from €3,498 to €7,087
- Depreciation +€2,015
up €2,015 (+13.9%), from €14,450 to €16,465
- Financial income +€1,770
up €1,770 (+31.4%), from €5,641 to €7,411
- Financial charges +€727
up €727 (+81.3%), from €894 to €1,621
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,667 | €185,144 | +€1,477 | +0.8% |
| Fixed assets | 21/28 | €35,042 | €18,577 | -€16,465 | -47.0% |
| Tangible fixed assets | 22/27 | €35,042 | €18,577 | -€16,465 | -47.0% |
| Furniture and vehicles | 24 | €35,042 | €18,577 | -€16,465 | -47.0% |
| Current assets | 29/58 | €148,625 | €166,567 | +€17,942 | +12.1% |
| Amounts receivable within one year | 40/41 | €142,979 | €166,247 | +€23,268 | +16.3% |
| Trade receivables | 40 | €22,019 | €36,053 | +€14,034 | +63.7% |
| Other amounts receivable | 41 | €120,960 | €130,194 | +€9,234 | +7.6% |
| Cash at bank and in hand | 54/58 | €5,646 | €320 | -€5,326 | -94.3% |
| Total equity and liabilities | 10/49 | €183,667 | €185,144 | +€1,477 | +0.8% |
| Equity | 10/15 | €115,474 | €118,568 | +€3,094 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,414 | €110,508 | +€3,094 | +2.9% |
| Amounts payable | 17/49 | €68,193 | €66,576 | -€1,617 | -2.4% |
| Amounts payable after more than one year | 17 | €9,877 | - | -€9,877 | |
| Financial debts | 170/4 | €9,877 | - | -€9,877 | |
| Amounts payable within one year | 42/48 | €58,316 | €66,576 | +€8,260 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €15,360 | €10,921 | -€4,439 | -28.9% |
| Financial debts | 43 | - | €1,102 | +€1,102 | |
| Credit institutions | 430/8 | - | €1,102 | +€1,102 | |
| Trade debts | 44 | €35,634 | €31,468 | -€4,166 | -11.7% |
| Suppliers | 440/4 | €35,634 | €31,468 | -€4,166 | -11.7% |
| Taxes, remuneration and social security | 45 | €7,322 | €10,585 | +€3,263 | +44.6% |
| Taxes | 450/3 | €7,322 | €10,585 | +€3,263 | +44.6% |
| Other amounts payable | 47/48 | - | €12,500 | +€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,450 | €16,465 | +€2,015 | +13.9% |
| Other operating charges | 640/8 | €1,268 | €905 | -€363 | -28.6% |
| Gross operating margin | 9900 | €20,173 | €34,261 | +€14,088 | +69.8% |
| Operating profit (loss) | 9901 | €4,455 | €16,891 | +€12,436 | +279% |
| Financial income | 75/76B | €5,641 | €7,411 | +€1,770 | +31.4% |
| Recurring financial income | 75 | €5,641 | €7,411 | +€1,770 | +31.4% |
| Financial charges | 65/66B | €894 | €1,621 | +€727 | +81.3% |
| Recurring financial charges | 65 | €894 | €1,621 | +€727 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €9,202 | €22,681 | +€13,479 | +146% |
| Income taxes | 67/77 | €3,498 | €7,087 | +€3,589 | +103% |
| Profit (loss) for the period | 9904 | €5,704 | €15,594 | +€9,890 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €5,704 | €15,594 | +€9,890 | +173% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.