T.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.T.
Largest movements
- Cash -€19,312
down €19,312 (-3.5%), from €549,681 to €530,370
mainly Trade debts (-€85,122) and Accrued charges and deferred income (-€11,224)
- Deferred charges and accrued income -€17,180
down €17,180 (-53.1%), from €32,362 to €15,182
- Tangible fixed assets -€9,434
down €9,434 (-27.4%), from €34,395 to €24,961
of which Furniture and vehicles: -€7,912
- Trade debts -€85,122
down €85,122 (-25.1%), from €339,469 to €254,347
- Reserves +€60,021
up €60,021 (+20.0%), from €299,679 to €359,700
- Accrued charges and deferred income -€11,224
down €11,224 (-4.9%), from €228,385 to €217,161
- Staff costs +€26,589
up €26,589 (+21.0%), from €126,700 to €153,290
- Taxes -€16,666
down €16,666 (-34.2%), from €48,678 to €32,013
- Write-downs +€14,570
up €14,570, from €0 to €14,570
- Gross operating margin -€7,324
down €7,324 (-2.5%), from €293,065 to €285,741
- Financial income -€4,571
down €4,571 (-98.9%), from €4,623 to €52
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 | €926,956 | €888,336 | -€38,620 | -4.2% |
| Fixed assets | 21/28 | €37,115 | €26,408 | -€10,707 | -28.8% |
| Intangible fixed assets | 21 | €2,720 | €1,447 | -€1,273 | -46.8% |
| Tangible fixed assets | 22/27 | €34,395 | €24,961 | -€9,434 | -27.4% |
| Plant, machinery and equipment | 23 | €1,069 | €771 | -€298 | -27.9% |
| Furniture and vehicles | 24 | €29,651 | €21,739 | -€7,912 | -26.7% |
| Other tangible fixed assets | 26 | €3,675 | €2,451 | -€1,224 | -33.3% |
| Current assets | 29/58 | €889,840 | €861,928 | -€27,912 | -3.1% |
| Amounts receivable within one year | 40/41 | €307,798 | €316,377 | +€8,579 | +2.8% |
| Trade receivables | 40 | €197,356 | €180,504 | -€16,853 | -8.5% |
| Other amounts receivable | 41 | €110,441 | €135,873 | +€25,432 | +23.0% |
| Cash at bank and in hand | 54/58 | €549,681 | €530,370 | -€19,312 | -3.5% |
| Deferred charges and accrued income | 490/1 | €32,362 | €15,182 | -€17,180 | -53.1% |
| Total equity and liabilities | 10/49 | €926,956 | €888,336 | -€38,620 | -4.2% |
| Equity | 10/15 | €318,751 | €378,326 | +€59,575 | +18.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €299,679 | €359,700 | +€60,021 | +20.0% |
| Distributable reserves | 133 | €299,679 | €359,700 | +€60,021 | +20.0% |
| Profit (loss) carried forward | 14 | €480 | €34 | -€446 | -92.8% |
| Amounts payable | 17/49 | €608,205 | €510,010 | -€98,195 | -16.1% |
| Amounts payable within one year | 42/48 | €379,820 | €292,849 | -€86,971 | -22.9% |
| Financial debts | 43 | €1,813 | €0 | -€1,813 | -100% |
| Credit institutions | 430/8 | €949 | €0 | -€949 | -100% |
| Other loans | 439 | €864 | €0 | -€864 | -100% |
| Trade debts | 44 | €339,469 | €254,347 | -€85,122 | -25.1% |
| Suppliers | 440/4 | €339,469 | €254,347 | -€85,122 | -25.1% |
| Taxes, remuneration and social security | 45 | €26,656 | €26,577 | -€79 | -0.3% |
| Taxes | 450/3 | €12,265 | €8,746 | -€3,519 | -28.7% |
| Remuneration and social security | 454/9 | €14,391 | €17,831 | +€3,441 | +23.9% |
| Other amounts payable | 47/48 | €11,882 | €11,925 | +€43 | +0.4% |
| Accrued charges and deferred income | 492/3 | €228,385 | €217,161 | -€11,224 | -4.9% |
| Remuneration, social security and pensions | 62 | €126,700 | €153,290 | +€26,589 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,578 | €10,988 | +€409 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €14,570 | +€14,570 | |
| Other operating charges | 640/8 | €1,504 | €2,192 | +€688 | +45.7% |
| Gross operating margin | 9900 | €293,065 | €285,741 | -€7,324 | -2.5% |
| Operating profit (loss) | 9901 | €154,282 | €104,702 | -€49,580 | -32.1% |
| Financial income | 75/76B | €4,623 | €52 | -€4,571 | -98.9% |
| Recurring financial income | 75 | €4,623 | €52 | -€4,571 | -98.9% |
| Financial charges | 65/66B | €1,676 | €2,166 | +€490 | +29.3% |
| Recurring financial charges | 65 | €1,676 | €2,166 | +€490 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €157,229 | €102,588 | -€54,641 | -34.8% |
| Income taxes | 67/77 | €48,678 | €32,013 | -€16,666 | -34.2% |
| Profit (loss) for the period | 9904 | €108,551 | €70,575 | -€37,975 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,551 | €70,575 | -€37,975 | -35.0% |
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 19 October 2026 via checked.be.