T.T.V.: 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.V.
Largest movements
- Current investments +€365,000
new in 2025: €365,000
- Tangible fixed assets -€195,069
down €195,069 (-22.0%), from €887,401 to €692,332
of which Leasing and similar rights: -€132,310
- Cash -€96,986
down €96,986 (-61.8%), from €156,985 to €59,999
mainly Current investments (-€365,000) and Debts after one year (-€164,140)
- Receivables within one year -€42,573
down €42,573 (-16.5%), from €257,408 to €214,835
of which Trade receivables: -€36,932
- Deferred charges and accrued income +€38,822
up €38,822 (+188%), from €20,669 to €59,491
- Debts after one year -€164,140
down €164,140 (-32.5%), from €505,806 to €341,666
- Other debts +€131,000
up €131,000 (+452%), from €29,000 to €160,000
- Tax, wage and social debts +€49,935
up €49,935 (+71.8%), from €69,567 to €119,502
of which Remuneration and social security: +€39,873
- Trade debts +€43,407
up €43,407 (+29.1%), from €149,185 to €192,592
- Gross operating margin +€267,883
up €267,883 (+31.6%), from €847,953 to €1.1m
- Staff costs +€164,501
up €164,501 (+34.5%), from €477,151 to €641,652
- Depreciation +€69,652
up €69,652 (+43.2%), from €161,333 to €230,985
- Taxes +€27,870
up €27,870 (+92.3%), from €30,209 to €58,079
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 | €1,322,463 | €1,391,657 | +€69,194 | +5.2% |
| Fixed assets | 21/28 | €887,401 | €692,332 | -€195,069 | -22.0% |
| Tangible fixed assets | 22/27 | €887,401 | €692,332 | -€195,069 | -22.0% |
| Furniture and vehicles | 24 | €336,245 | €273,486 | -€62,759 | -18.7% |
| Leasing and similar rights | 25 | €551,156 | €418,846 | -€132,310 | -24.0% |
| Current assets | 29/58 | €435,062 | €699,325 | +€264,263 | +60.7% |
| Amounts receivable within one year | 40/41 | €257,408 | €214,835 | -€42,573 | -16.5% |
| Trade receivables | 40 | €239,283 | €202,351 | -€36,932 | -15.4% |
| Other amounts receivable | 41 | €18,125 | €12,484 | -€5,641 | -31.1% |
| Current investments | 50/53 | - | €365,000 | +€365,000 | |
| Cash at bank and in hand | 54/58 | €156,985 | €59,999 | -€96,986 | -61.8% |
| Deferred charges and accrued income | 490/1 | €20,669 | €59,491 | +€38,822 | +188% |
| Total equity and liabilities | 10/49 | €1,322,463 | €1,391,657 | +€69,194 | +5.2% |
| Equity | 10/15 | €400,169 | €410,930 | +€10,761 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €379,628 | €390,389 | +€10,761 | +2.8% |
| Tax-exempt reserves | 132 | €107,132 | €107,132 | = | 0.0% |
| Distributable reserves | 133 | €272,496 | €283,257 | +€10,761 | +3.9% |
| Profit (loss) carried forward | 14 | €541 | €541 | = | 0.0% |
| Amounts payable | 17/49 | €922,294 | €980,727 | +€58,433 | +6.3% |
| Amounts payable after more than one year | 17 | €505,806 | €341,666 | -€164,140 | -32.5% |
| Financial debts | 170/4 | €505,806 | €341,666 | -€164,140 | -32.5% |
| Amounts payable within one year | 42/48 | €414,130 | €636,234 | +€222,104 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €166,378 | €164,140 | -€2,238 | -1.3% |
| Trade debts | 44 | €149,185 | €192,592 | +€43,407 | +29.1% |
| Suppliers | 440/4 | €149,185 | €192,592 | +€43,407 | +29.1% |
| Taxes, remuneration and social security | 45 | €69,567 | €119,502 | +€49,935 | +71.8% |
| Taxes | 450/3 | €18,403 | €28,465 | +€10,062 | +54.7% |
| Remuneration and social security | 454/9 | €51,164 | €91,037 | +€39,873 | +77.9% |
| Other amounts payable | 47/48 | €29,000 | €160,000 | +€131,000 | +452% |
| Accrued charges and deferred income | 492/3 | €2,358 | €2,827 | +€469 | +19.9% |
| Remuneration, social security and pensions | 62 | €477,151 | €641,652 | +€164,501 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,333 | €230,985 | +€69,652 | +43.2% |
| Non-recurring operating charges | 66A | €8,240 | - | -€8,240 | |
| Gross operating margin | 9900 | €847,953 | €1,115,836 | +€267,883 | +31.6% |
| Operating profit (loss) | 9901 | €201,229 | €243,199 | +€41,970 | +20.9% |
| Financial income | 75/76B | - | €5,234 | +€5,234 | |
| Recurring financial income | 75 | - | €5,234 | +€5,234 | |
| Financial charges | 65/66B | €9,196 | €19,593 | +€10,397 | +113% |
| Recurring financial charges | 65 | €9,196 | €19,593 | +€10,397 | +113% |
| Profit (loss) for the period before taxes | 9903 | €192,033 | €228,840 | +€36,807 | +19.2% |
| Income taxes | 67/77 | €30,209 | €58,079 | +€27,870 | +92.3% |
| Profit (loss) for the period | 9904 | €161,824 | €170,761 | +€8,937 | +5.5% |
| Transfer to tax-exempt reserves | 689 | €73,452 | - | -€73,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,372 | €170,761 | +€82,389 | +93.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.