T.T.P.S.: what changed
What changed
T.T.P.S.
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€17,662
2024 · €11,665+€5,997
Equity
€69,917
2024 · €52,255+€17,662
Cash
€3,801
2024 · €10,267-€6,466
Balance sheet total
€644,354
2024 · €580,667+€63,687
Largest movements
Assets
- Tangible fixed assets +€77,190
up €77,190 (+34.9%), from €221,266 to €298,456
of which Furniture and vehicles: +€96,059
- Cash -€6,466
down €6,466 (-63.0%), from €10,267 to €3,801
mainly Investment in fixed assets (net) (-€124,491) and Debts after one year (-€37,605)
Equity and liabilities
- Other debts +€90,990
up €90,990 (+65.8%), from €138,340 to €229,330
- Debts after one year -€37,605
down €37,605 (-23.2%), from €162,373 to €124,768
- Current portion of long-term debt -€19,736
down €19,736 (-34.4%), from €57,340 to €37,605
- Reserves +€18,140
up €18,140 (+55.2%), from €32,860 to €51,000
- Trade debts +€7,022
up €7,022 (+8.6%), from €81,474 to €88,497
Income statement
- Depreciation -€19,129
down €19,129 (-27.9%), from €68,680 to €49,551
- Staff costs +€10,933
up €10,933 (+6.4%), from €170,786 to €181,719
- Taxes +€6,682
up €6,682 (+817%), from €818 to €7,500
- Gross operating margin +€3,227
up €3,227 (+1.1%), from €300,096 to €303,323
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
€11,665
Gross operating margin
+€3,227
Staff costs
-€10,933
Depreciation
+€19,129
Other operating charges
-€1,340
Financial income
+€121
Financial charges
+€2,475
Taxes
-€6,682
Result 2025
€17,662
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
+€171,062
Investment
-€124,491
Financing
-€53,037
Cash 2024
€10,267
From operations (derived)
+€171,062
Net result for the year
+€17,662
Depreciation
+€49,551
Receivables within one year
+€6,205
Deferred charges and accrued income
-€1,418
Trade debts
+€7,022
Tax, wage and social debts
+€1,049
Other debts
+€90,990
Investment (derived)
-€124,491
Investment in fixed assets (net)
-€124,491
Financing
-€53,037
Debts after one year
-€37,605
Current portion of long-term debt
-€19,736
Short-term financial debts
+€4,304
Cash 2025
€3,801
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,667 | €644,354 | +€63,687 | +11.0% |
| Fixed assets | 21/28 | €223,750 | €298,690 | +€74,940 | +33.5% |
| Intangible fixed assets | 21 | €2,484 | €234 | -€2,250 | -90.6% |
| Tangible fixed assets | 22/27 | €221,266 | €298,456 | +€77,190 | +34.9% |
| Furniture and vehicles | 24 | €44,766 | €140,825 | +€96,059 | +215% |
| Leasing and similar rights | 25 | €176,499 | €157,631 | -€18,868 | -10.7% |
| Current assets | 29/58 | €356,917 | €345,664 | -€11,253 | -3.2% |
| Amounts receivable within one year | 40/41 | €337,261 | €331,055 | -€6,205 | -1.8% |
| Trade receivables | 40 | €188,884 | €148,917 | -€39,967 | -21.2% |
| Other amounts receivable | 41 | €148,377 | €182,138 | +€33,761 | +22.8% |
| Cash at bank and in hand | 54/58 | €10,267 | €3,801 | -€6,466 | -63.0% |
| Deferred charges and accrued income | 490/1 | €9,389 | €10,808 | +€1,418 | +15.1% |
| Total equity and liabilities | 10/49 | €580,667 | €644,354 | +€63,687 | +11.0% |
| Equity | 10/15 | €52,255 | €69,917 | +€17,662 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,860 | €51,000 | +€18,140 | +55.2% |
| Distributable reserves | 133 | €32,860 | €51,000 | +€18,140 | +55.2% |
| Profit (loss) carried forward | 14 | €795 | €317 | -€478 | -60.1% |
| Amounts payable | 17/49 | €528,412 | €574,437 | +€46,025 | +8.7% |
| Amounts payable after more than one year | 17 | €162,373 | €124,768 | -€37,605 | -23.2% |
| Financial debts | 170/4 | €162,373 | €124,768 | -€37,605 | -23.2% |
| Amounts payable within one year | 42/48 | €366,039 | €449,669 | +€83,630 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €57,340 | €37,605 | -€19,736 | -34.4% |
| Financial debts | 43 | €53,534 | €57,837 | +€4,304 | +8.0% |
| Credit institutions | 430/8 | €53,534 | €57,837 | +€4,304 | +8.0% |
| Trade debts | 44 | €81,474 | €88,497 | +€7,022 | +8.6% |
| Suppliers | 440/4 | €81,474 | €88,497 | +€7,022 | +8.6% |
| Taxes, remuneration and social security | 45 | €35,351 | €36,400 | +€1,049 | +3.0% |
| Taxes | 450/3 | €18,514 | €19,781 | +€1,267 | +6.8% |
| Remuneration and social security | 454/9 | €16,837 | €16,619 | -€218 | -1.3% |
| Other amounts payable | 47/48 | €138,340 | €229,330 | +€90,990 | +65.8% |
| Remuneration, social security and pensions | 62 | €170,786 | €181,719 | +€10,933 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,680 | €49,551 | -€19,129 | -27.9% |
| Other operating charges | 640/8 | €29,669 | €31,008 | +€1,340 | +4.5% |
| Gross operating margin | 9900 | €300,096 | €303,323 | +€3,227 | +1.1% |
| Operating profit (loss) | 9901 | €30,962 | €41,045 | +€10,083 | +32.6% |
| Financial income | 75/76B | €122 | €243 | +€121 | +99.4% |
| Recurring financial income | 75 | €122 | €243 | +€121 | +99.4% |
| Financial charges | 65/66B | €18,602 | €16,127 | -€2,475 | -13.3% |
| Recurring financial charges | 65 | €18,602 | €16,127 | -€2,475 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €12,483 | €25,162 | +€12,679 | +102% |
| Income taxes | 67/77 | €818 | €7,500 | +€6,682 | +817% |
| Profit (loss) for the period | 9904 | €11,665 | €17,662 | +€5,997 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,665 | €17,662 | +€5,997 | +51.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.