T&T Capital: 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 Capital
Largest movements
- Stocks and contracts -€486,921
down €486,921 (-33.9%), from €1.4m to €950,753
- Tangible fixed assets +€420,158
up €420,158 (+7,958%), from €5,280 to €425,438
of which Land and buildings: +€421,064
- Receivables within one year +€100,580
up €100,580 (+89.5%), from €112,357 to €212,937
of which Other amounts receivable: +€116,080
- Cash +€21,024
up €21,024 (+58.1%), from €36,178 to €57,203
mainly Stocks and contracts (+€486,921) and Debts after one year (+€231,245)
- Debts after one year +€231,245
new in 2025: €231,245
- Current portion of long-term debt -€200,495
down €200,495 (-25.9%), from €775,500 to €575,005
- Trade debts +€103,549
up €103,549 (+766%), from €13,516 to €117,065
- Other debts -€85,000
down €85,000 (-11.5%), from €740,000 to €655,000
- Accrued charges and deferred income -€22,045
down €22,045 (-63.1%), from €34,943 to €12,898
- Gross operating margin +€111,743
up €111,743, from -€11,518 to €100,225
- Depreciation +€46,028
up €46,028 (+1,598%), from €2,880 to €48,908
- Financial charges +€22,857
up €22,857 (+948%), from €2,410 to €25,267
- Taxes +€9,321
up €9,321 (+1,989%), from €469 to €9,790
- Financial income +€1,713
up €1,713 (+3,249%), from €53 to €1,766
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 | €1,593,868 | €1,646,547 | +€52,679 | +3.3% |
| Fixed assets | 21/28 | €6,980 | €425,438 | +€418,458 | +5,995% |
| Tangible fixed assets | 22/27 | €5,280 | €425,438 | +€420,158 | +7,958% |
| Land and buildings | 22 | - | €421,064 | +€421,064 | |
| Furniture and vehicles | 24 | €4,803 | €4,337 | -€466 | -9.7% |
| Other tangible fixed assets | 26 | €477 | €38 | -€439 | -92.0% |
| Financial fixed assets | 28 | €1,700 | €0 | -€1,700 | -100% |
| Current assets | 29/58 | €1,586,888 | €1,221,109 | -€365,779 | -23.1% |
| Stocks and contracts in progress | 3 | €1,437,674 | €950,753 | -€486,921 | -33.9% |
| Stocks | 30/36 | €1,437,674 | €950,753 | -€486,921 | -33.9% |
| Amounts receivable within one year | 40/41 | €112,357 | €212,937 | +€100,580 | +89.5% |
| Trade receivables | 40 | €15,500 | €0 | -€15,500 | -100% |
| Other amounts receivable | 41 | €96,857 | €212,937 | +€116,080 | +120% |
| Cash at bank and in hand | 54/58 | €36,178 | €57,203 | +€21,024 | +58.1% |
| Deferred charges and accrued income | 490/1 | €678 | €216 | -€463 | -68.2% |
| Total equity and liabilities | 10/49 | €1,593,868 | €1,646,547 | +€52,679 | +3.3% |
| Equity | 10/15 | €22,820 | €40,096 | +€17,277 | +75.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,180 | €96 | +€17,277 | |
| Amounts payable | 17/49 | €1,571,049 | €1,606,451 | +€35,402 | +2.3% |
| Amounts payable after more than one year | 17 | - | €231,245 | +€231,245 | |
| Financial debts | 170/4 | - | €231,245 | +€231,245 | |
| Amounts payable within one year | 42/48 | €1,536,106 | €1,362,308 | -€173,798 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €775,500 | €575,005 | -€200,495 | -25.9% |
| Financial debts | 43 | €1,820 | €5,448 | +€3,628 | +199% |
| Credit institutions | 430/8 | €1,820 | €5,448 | +€3,628 | +199% |
| Trade debts | 44 | €13,516 | €117,065 | +€103,549 | +766% |
| Suppliers | 440/4 | €13,516 | €117,065 | +€103,549 | +766% |
| Taxes, remuneration and social security | 45 | €5,270 | €9,790 | +€4,520 | +85.8% |
| Taxes | 450/3 | €5,270 | €9,790 | +€4,520 | +85.8% |
| Other amounts payable | 47/48 | €740,000 | €655,000 | -€85,000 | -11.5% |
| Accrued charges and deferred income | 492/3 | €34,943 | €12,898 | -€22,045 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,880 | €48,908 | +€46,028 | +1,598% |
| Other operating charges | 640/8 | €73 | €749 | +€676 | +926% |
| Gross operating margin | 9900 | -€11,518 | €100,225 | +€111,743 | |
| Operating profit (loss) | 9901 | -€14,472 | €50,567 | +€65,039 | |
| Financial income | 75/76B | €53 | €1,766 | +€1,713 | +3,249% |
| Recurring financial income | 75 | €53 | €1,766 | +€1,713 | +3,249% |
| Financial charges | 65/66B | €2,410 | €25,267 | +€22,857 | +948% |
| Recurring financial charges | 65 | €2,410 | €25,267 | +€22,857 | +948% |
| Profit (loss) for the period before taxes | 9903 | -€16,829 | €27,066 | +€43,895 | |
| Income taxes | 67/77 | €469 | €9,790 | +€9,321 | +1,989% |
| Profit (loss) for the period | 9904 | -€17,298 | €17,277 | +€34,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,298 | €17,277 | +€34,574 |
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 28 October 2026 via checked.be.