T-TRONIC: 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-TRONIC
Largest movements
- Cash +€204,067
up €204,067 (+24.4%), from €835,306 to €1.0m
mainly Receivables within one year (+€116,858) and Net result for the year (+€61,275)
- Receivables within one year -€116,858
down €116,858 (-87.5%), from €133,537 to €16,679
of which Trade receivables: -€115,874
- Current investments +€23,841
up €23,841 (+5.0%), from €479,769 to €503,610
- Stocks and contracts -€21,091
down €21,091 (-94.9%), from €22,217 to €1,126
- Reserves +€61,275
up €61,275 (+4.7%), from €1.3m to €1.4m
- Trade debts +€37,515
up €37,515 (+2,415%), from €1,553 to €39,068
- Financial income +€16,278
up €16,278 (+415%), from €3,918 to €20,197
- Financial charges +€10,044
up €10,044 (+3,673%), from €273 to €10,318
- Taxes +€3,854
up €3,854 (+14.9%), from €25,806 to €29,660
- Gross operating margin +€2,371
up €2,371 (+2.9%), from €81,673 to €84,044
- Other operating charges +€1,481
up €1,481 (+98.2%), from €1,507 to €2,988
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 | €1,470,829 | €1,560,788 | +€89,958 | +6.1% |
| Current assets | 29/58 | €1,470,829 | €1,560,788 | +€89,958 | +6.1% |
| Stocks and contracts in progress | 3 | €22,217 | €1,126 | -€21,091 | -94.9% |
| Stocks | 30/36 | €22,217 | €1,126 | -€21,091 | -94.9% |
| Amounts receivable within one year | 40/41 | €133,537 | €16,679 | -€116,858 | -87.5% |
| Trade receivables | 40 | €126,627 | €10,753 | -€115,874 | -91.5% |
| Other amounts receivable | 41 | €6,910 | €5,926 | -€984 | -14.2% |
| Current investments | 50/53 | €479,769 | €503,610 | +€23,841 | +5.0% |
| Cash at bank and in hand | 54/58 | €835,306 | €1,039,372 | +€204,067 | +24.4% |
| Total equity and liabilities | 10/49 | €1,470,829 | €1,560,788 | +€89,958 | +6.1% |
| Equity | 10/15 | €1,342,187 | €1,403,462 | +€61,275 | +4.6% |
| Contributions | 10/11 | €25,386 | €25,386 | = | 0.0% |
| Reserves | 13 | €1,316,801 | €1,378,075 | +€61,275 | +4.7% |
| Distributable reserves | 133 | €1,316,801 | €1,378,075 | +€61,275 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €128,642 | €157,326 | +€28,684 | +22.3% |
| Amounts payable within one year | 42/48 | €67,368 | €101,908 | +€34,539 | +51.3% |
| Trade debts | 44 | €1,553 | €39,068 | +€37,515 | +2,415% |
| Suppliers | 440/4 | €1,553 | €39,068 | +€37,515 | +2,415% |
| Taxes, remuneration and social security | 45 | €19,869 | €10,806 | -€9,063 | -45.6% |
| Taxes | 450/3 | €19,869 | €10,806 | -€9,063 | -45.6% |
| Other amounts payable | 47/48 | €45,946 | €52,034 | +€6,087 | +13.2% |
| Accrued charges and deferred income | 492/3 | €61,274 | €55,418 | -€5,856 | -9.6% |
| Remuneration, social security and pensions | 62 | €3 | €0 | -€3 | -100% |
| Other operating charges | 640/8 | €1,507 | €2,988 | +€1,481 | +98.2% |
| Gross operating margin | 9900 | €81,673 | €84,044 | +€2,371 | +2.9% |
| Operating profit (loss) | 9901 | €80,163 | €81,056 | +€893 | +1.1% |
| Financial income | 75/76B | €3,918 | €20,197 | +€16,278 | +415% |
| Recurring financial income | 75 | €3,918 | €20,197 | +€16,278 | +415% |
| Financial charges | 65/66B | €273 | €10,318 | +€10,044 | +3,673% |
| Recurring financial charges | 65 | €273 | €10,318 | +€10,044 | +3,673% |
| Profit (loss) for the period before taxes | 9903 | €83,807 | €90,934 | +€7,127 | +8.5% |
| Income taxes | 67/77 | €25,806 | €29,660 | +€3,854 | +14.9% |
| Profit (loss) for the period | 9904 | €58,002 | €61,275 | +€3,273 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,002 | €61,275 | +€3,273 | +5.6% |
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.