T&T Tréfonds: 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 Tréfonds
Largest movements
- Receivables within one year +€2.7m
up €2.7m (+373%), from €712,323 to €3.4m
of which Other amounts receivable: +€2.8m
- Tangible fixed assets -€1.0m
down €1.0m (-50.3%), from €2.0m to €1.0m
of which Other tangible fixed assets: -€1.5m
- Receivables after one year +€454,504
new in 2025: €454,504
- Profit (loss) carried forward +€1.6m
up €1.6m (+94.4%), from €1.7m to €3.4m
- Contributions +€300,000
up €300,000 (+46.2%), from €650,000 to €950,000
- Reserves +€252,340
up €252,340 (+388%), from €65,000 to €317,340
- Debts after one year -€101,870
no longer reported in 2025 (was €101,870)
- Taxes +€1.9m
new in 2025: €1.9m
- Gross operating margin +€1.8m
up €1.8m (+1,242%), from €148,334 to €2.0m
- Financial income +€110,775
up €110,775 (+531%), from €20,854 to €131,629
- Turnover -€106,272
down €106,272 (-30.0%), from €354,726 to €248,454
- Purchases and services +€29,011
up €29,011 (+13.7%), from €211,392 to €240,403
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 | €2,782,892 | €4,884,391 | +€2.1m | +75.5% |
| Fixed assets | 21/28 | €2,039,869 | €1,013,347 | -€1.0m | -50.3% |
| Tangible fixed assets | 22/27 | €2,039,869 | €1,013,347 | -€1.0m | -50.3% |
| Land and buildings | 22 | - | €433,789 | +€433,789 | |
| Other tangible fixed assets | 26 | €2,039,869 | €579,558 | -€1.5m | -71.6% |
| Current assets | 29/58 | €743,023 | €3,871,044 | +€3.1m | +421% |
| Amounts receivable after more than one year | 29 | - | €454,504 | +€454,504 | |
| Trade receivables | 290 | - | €454,504 | +€454,504 | |
| Amounts receivable within one year | 40/41 | €712,323 | €3,370,814 | +€2.7m | +373% |
| Trade receivables | 40 | €102,133 | €176 | -€101,957 | -99.8% |
| Other amounts receivable | 41 | €610,190 | €3,370,638 | +€2.8m | +452% |
| Cash at bank and in hand | 54/58 | €30,700 | €45,726 | +€15,026 | +48.9% |
| Total equity and liabilities | 10/49 | €2,782,892 | €4,884,391 | +€2.1m | +75.5% |
| Equity | 10/15 | €2,453,563 | €4,646,693 | +€2.2m | +89.4% |
| Contributions | 10/11 | €650,000 | €950,000 | +€300,000 | +46.2% |
| Capital | 10 | €650,000 | €950,000 | +€300,000 | +46.2% |
| Issued capital | 100 | €650,000 | €950,000 | +€300,000 | +46.2% |
| Reserves | 13 | €65,000 | €317,340 | +€252,340 | +388% |
| Non-distributable reserves | 130/1 | €65,000 | €317,340 | +€252,340 | +388% |
| Legal reserve | 130 | €65,000 | €95,000 | +€30,000 | +46.2% |
| Other | 1319 | - | €222,340 | +€222,340 | |
| Profit (loss) carried forward | 14 | €1,738,563 | €3,379,353 | +€1.6m | +94.4% |
| Amounts payable | 17/49 | €329,329 | €237,698 | -€91,631 | -27.8% |
| Amounts payable after more than one year | 17 | €101,870 | - | -€101,870 | |
| Other amounts payable | 178/9 | €101,870 | - | -€101,870 | |
| Amounts payable within one year | 42/48 | €227,459 | €237,698 | +€10,239 | +4.5% |
| Trade debts | 44 | €81,755 | €85,795 | +€4,040 | +4.9% |
| Suppliers | 440/4 | €81,755 | €85,795 | +€4,040 | +4.9% |
| Taxes, remuneration and social security | 45 | €145,704 | €149,423 | +€3,719 | +2.6% |
| Taxes | 450/3 | €145,704 | €149,423 | +€3,719 | +2.6% |
| Other amounts payable | 47/48 | - | €2,480 | +€2,480 | |
| Turnover | 70 | €354,726 | €248,454 | -€106,272 | -30.0% |
| Non-recurring operating income | 76A | €5,000 | €1,983,051 | +€2.0m | +39,561% |
| Goods, raw materials, services and sundry goods | 60/61 | €211,392 | €240,403 | +€29,011 | +13.7% |
| Other operating charges | 640/8 | €968 | €999 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €94,855 | - | -€94,855 | |
| Gross operating margin | 9900 | €148,334 | €1,991,102 | +€1.8m | +1,242% |
| Operating profit (loss) | 9901 | €52,511 | €1,990,103 | +€1.9m | +3,690% |
| Financial income | 75/76B | €20,854 | €131,629 | +€110,775 | +531% |
| Recurring financial income | 75 | €20,854 | €131,629 | +€110,775 | +531% |
| Financial charges | 65/66B | €535 | €2,155 | +€1,620 | +303% |
| Recurring financial charges | 65 | €535 | €2,155 | +€1,620 | +303% |
| Profit (loss) for the period before taxes | 9903 | €72,830 | €2,119,577 | +€2.0m | +2,810% |
| Income taxes | 67/77 | - | €1,945,419 | +€1.9m | |
| Profit (loss) for the period | 9904 | €72,830 | €174,158 | +€101,328 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €72,830 | €174,158 | +€101,328 | +139% |
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 22 October 2026 via checked.be.