T & T Fireworks: what changed
What changed
T & T Fireworks
NACE 93.299, Other amusement and recreation activities
filed annual accounts (NBB)
Net result for the year
€30,443
2024 · €46,766-€16,324
Equity
€380,599
2024 · €350,156+€30,443
Cash
€227,850
2024 · €246,186-€18,337
Balance sheet total
€710,964
2024 · €671,514+€39,450
Largest movements
Assets
- Tangible fixed assets +€34,088
up €34,088 (+21.3%), from €160,308 to €194,396
of which Land and buildings: +€27,077
- Cash -€18,337
down €18,337 (-7.4%), from €246,186 to €227,850
mainly Investment in fixed assets (net) (-€60,171) and Receivables within one year (-€13,630)
- Receivables within one year +€13,630
up €13,630 (+12.1%), from €112,862 to €126,492
of which Trade receivables: +€9,226
Equity and liabilities
- Reserves +€30,300
up €30,300 (+8.8%), from €342,560 to €372,860
of which Distributable reserves: +€30,300
- Other debts +€30,016
up €30,016 (+67.7%), from €44,316 to €74,332
- Trade debts -€10,707
down €10,707 (-34.3%), from €31,232 to €20,525
Income statement
- Gross operating margin -€12,832
down €12,832 (-12.2%), from €104,971 to €92,139
- Taxes -€5,138
down €5,138 (-31.1%), from €16,531 to €11,393
- Financial charges +€4,088
up €4,088 (+27.1%), from €15,064 to €19,152
- Depreciation +€3,286
up €3,286 (+14.4%), from €22,797 to €26,083
- Other operating charges +€1,614
up €1,614 (+36.6%), from €4,409 to €6,023
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€46,766
Gross operating margin
-€12,832
Depreciation
-€3,286
Other operating charges
-€1,614
Financial income
+€358
Financial charges
-€4,088
Taxes
+€5,138
Result 2025
€30,443
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,628
Investment
-€60,171
Financing
-€2,793
Cash 2024
€246,186
From operations (derived)
+€44,628
Net result for the year
+€30,443
Depreciation
+€26,083
Stocks and contracts
-€6,618
Receivables within one year
-€13,630
Deferred charges and accrued income
-€3,451
Trade debts
-€10,707
Tax, wage and social debts
-€4,450
Advances received
+€441
Other debts
+€30,016
Accrued charges and deferred income
-€3,500
Investment (derived)
-€60,171
Investment in fixed assets (net)
-€60,171
Financing
-€2,793
Current portion of long-term debt
-€2,775
Short-term financial debts
-€18
Cash 2025
€227,850
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,514 | €710,964 | +€39,450 | +5.9% |
| Fixed assets | 21/28 | €160,808 | €194,896 | +€34,088 | +21.2% |
| Tangible fixed assets | 22/27 | €160,308 | €194,396 | +€34,088 | +21.3% |
| Land and buildings | 22 | €128,095 | €155,171 | +€27,077 | +21.1% |
| Plant, machinery and equipment | 23 | €7,429 | €4,829 | -€2,600 | -35.0% |
| Furniture and vehicles | 24 | €24,785 | €34,396 | +€9,611 | +38.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €510,706 | €516,068 | +€5,362 | +1.0% |
| Stocks and contracts in progress | 3 | €151,657 | €158,275 | +€6,618 | +4.4% |
| Stocks | 30/36 | €151,657 | €158,275 | +€6,618 | +4.4% |
| Amounts receivable within one year | 40/41 | €112,862 | €126,492 | +€13,630 | +12.1% |
| Trade receivables | 40 | €108,400 | €117,627 | +€9,226 | +8.5% |
| Other amounts receivable | 41 | €4,462 | €8,866 | +€4,404 | +98.7% |
| Cash at bank and in hand | 54/58 | €246,186 | €227,850 | -€18,337 | -7.4% |
| Deferred charges and accrued income | 490/1 | - | €3,451 | +€3,451 | |
| Total equity and liabilities | 10/49 | €671,514 | €710,964 | +€39,450 | +5.9% |
| Equity | 10/15 | €350,156 | €380,599 | +€30,443 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €342,560 | €372,860 | +€30,300 | +8.8% |
| 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 | €340,700 | €371,000 | +€30,300 | +8.9% |
| Profit (loss) carried forward | 14 | €1,396 | €1,539 | +€143 | +10.2% |
| Amounts payable | 17/49 | €321,358 | €330,365 | +€9,007 | +2.8% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,818 | €114,325 | +€12,507 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €2,775 | - | -€2,775 | |
| Financial debts | 43 | €13,399 | €13,381 | -€18 | -0.1% |
| Credit institutions | 430/8 | €13,399 | €13,381 | -€18 | -0.1% |
| Trade debts | 44 | €31,232 | €20,525 | -€10,707 | -34.3% |
| Suppliers | 440/4 | €31,232 | €20,525 | -€10,707 | -34.3% |
| Advances received on contracts in progress | 46 | €2,847 | €3,289 | +€441 | +15.5% |
| Taxes, remuneration and social security | 45 | €7,248 | €2,799 | -€4,450 | -61.4% |
| Taxes | 450/3 | €3,994 | €2,791 | -€1,203 | -30.1% |
| Remuneration and social security | 454/9 | €3,255 | €8 | -€3,247 | -99.8% |
| Other amounts payable | 47/48 | €44,316 | €74,332 | +€30,016 | +67.7% |
| Accrued charges and deferred income | 492/3 | €19,540 | €16,040 | -€3,500 | -17.9% |
| Non-recurring operating income | 76A | €15,933 | €663 | -€15,270 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,797 | €26,083 | +€3,286 | +14.4% |
| Other operating charges | 640/8 | €4,409 | €6,023 | +€1,614 | +36.6% |
| Gross operating margin | 9900 | €104,971 | €92,139 | -€12,832 | -12.2% |
| Operating profit (loss) | 9901 | €77,765 | €60,033 | -€17,732 | -22.8% |
| Financial income | 75/76B | €596 | €954 | +€358 | +60.1% |
| Recurring financial income | 75 | €596 | €954 | +€358 | +60.1% |
| Financial charges | 65/66B | €15,064 | €19,152 | +€4,088 | +27.1% |
| Recurring financial charges | 65 | €15,064 | €19,152 | +€4,088 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €63,297 | €41,835 | -€21,462 | -33.9% |
| Income taxes | 67/77 | €16,531 | €11,393 | -€5,138 | -31.1% |
| Profit (loss) for the period | 9904 | €46,766 | €30,443 | -€16,324 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,766 | €30,443 | -€16,324 | -34.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.