T &TH mgmt: 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 &TH mgmt
Largest movements
- Receivables within one year +€78,352
up €78,352 (+558.2%), from €14,038 to €92,390
of which Other amounts receivable: +€90,020
- Cash -€30,829
down €30,829 (-86.9%), from €35,485 to €4,656
mainly Receivables within one year (-€78,352) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€1,722
down €1,722 (-24.9%), from €6,921 to €5,199
- Reserves +€44,141
up €44,141 (+163.3%), from €27,026 to €71,167
- Other debts +€13,423
up €13,423 (+851.0%), from €1,577 to €15,000
- Tax, wage and social debts -€6,319
down €6,319 (-36.8%), from €17,153 to €10,834
of which Remuneration and social security: -€3,571
- Trade debts -€5,443
down €5,443 (-95.7%), from €5,688 to €244
- Gross operating margin +€34,522
up €34,522 (+91.0%), from €37,937 to €72,459
- Depreciation +€1,232
up €1,232 (+251.3%), from €490 to €1,722
- Taxes +€894
up €894 (+8.7%), from €10,310 to €11,205
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.
Cash bridge derived
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 | €56,444 | €102,245 | +€45,801 | +81.1% |
| Fixed assets | 21/28 | €6,921 | €5,199 | -€1,722 | -24.9% |
| Tangible fixed assets | 22/27 | €6,921 | €5,199 | -€1,722 | -24.9% |
| Plant, machinery and equipment | 23 | €6,921 | €5,199 | -€1,722 | -24.9% |
| Current assets | 29/58 | €49,523 | €97,046 | +€47,524 | +96.0% |
| Amounts receivable within one year | 40/41 | €14,038 | €92,390 | +€78,352 | +558.2% |
| Trade receivables | 40 | €11,668 | - | -€11,668 | |
| Other amounts receivable | 41 | €2,370 | €92,390 | +€90,020 | +3798.8% |
| Cash at bank and in hand | 54/58 | €35,485 | €4,656 | -€30,829 | -86.9% |
| Total equity and liabilities | 10/49 | €56,444 | €102,245 | +€45,801 | +81.1% |
| Equity | 10/15 | €32,026 | €76,167 | +€44,141 | +137.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,026 | €71,167 | +€44,141 | +163.3% |
| Distributable reserves | 133 | €27,026 | €71,167 | +€44,141 | +163.3% |
| Amounts payable | 17/49 | €24,418 | €26,079 | +€1,661 | +6.8% |
| Amounts payable within one year | 42/48 | €24,418 | €26,079 | +€1,661 | +6.8% |
| Trade debts | 44 | €5,688 | €244 | -€5,443 | -95.7% |
| Suppliers | 440/4 | €5,688 | €244 | -€5,443 | -95.7% |
| Taxes, remuneration and social security | 45 | €17,153 | €10,834 | -€6,319 | -36.8% |
| Taxes | 450/3 | €13,439 | €10,691 | -€2,748 | -20.4% |
| Remuneration and social security | 454/9 | €3,714 | €143 | -€3,571 | -96.1% |
| Other amounts payable | 47/48 | €1,577 | €15,000 | +€13,423 | +851.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €1,722 | +€1,232 | +251.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €37,937 | €72,459 | +€34,522 | +91.0% |
| Operating profit (loss) | 9901 | €37,329 | €70,617 | +€33,288 | +89.2% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | - | €271 | +€271 | |
| Recurring financial charges | 65 | - | €271 | +€271 | |
| Profit (loss) for the period before taxes | 9903 | €37,336 | €70,345 | +€33,009 | +88.4% |
| Income taxes | 67/77 | €10,310 | €11,205 | +€894 | +8.7% |
| Profit (loss) for the period | 9904 | €27,026 | €59,141 | +€32,115 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,026 | €59,141 | +€32,115 | +118.8% |
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 10 October 2026 via checked.be.