T2 COMPANY: what changed
What changed
T2 COMPANY
NACE 71.122, Land surveying
filed annual accounts (NBB)
Net result for the year
€135,136
2024 · €83,891+€51,245
Equity
€2.2m
2024 · €2.0m+€135,136
Cash
€70,289
2024 · €110,224-€39,935
Balance sheet total
€4.5m
2024 · €4.2m+€311,882
Largest movements
Assets
- Tangible fixed assets +€540,270
up €540,270 (+55.6%), from €970,885 to €1.5m
of which Assets under construction and advance payments: +€519,766
- Receivables within one year -€197,869
down €197,869 (-20.7%), from €956,023 to €758,155
of which Other amounts receivable: -€519,221
Equity and liabilities
- Trade debts +€300,125
up €300,125 (+338%), from €88,841 to €388,966
- Debts after one year -€165,934
down €165,934 (-9.0%), from €1.8m to €1.7m
of which Financial debts: -€165,934
- Reserves +€132,816
up €132,816 (+21.4%), from €621,208 to €754,024
of which Distributable reserves: +€140,000
Income statement
- Gross operating margin +€28,741
up €28,741 (+25.1%), from €114,384 to €143,125
- Depreciation -€19,300
down €19,300 (-25.8%), from €74,814 to €55,515
- Other operating charges -€13,138
down €13,138 (-48.4%), from €27,149 to €14,011
- Taxes +€6,335
up €6,335 (+68.6%), from €9,232 to €15,568
- Financial charges +€3,295
up €3,295 (+6.5%), from €51,060 to €54,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,891
Gross operating margin
+€28,741
Depreciation
+€19,300
Other operating charges
+€13,138
Financial income
-€303
Financial charges
-€3,295
Taxes
-€6,335
Result 2025
€135,136
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€689,462
Investment
-€590,140
Financing
-€139,257
Cash 2024
€110,224
From operations (derived)
+€689,462
Net result for the year
+€135,136
Depreciation
+€55,515
Receivables within one year
+€197,869
Deferred charges and accrued income
-€15,060
Provisions
-€2,426
Trade debts
+€300,125
Tax, wage and social debts
+€16,664
Smaller working-capital items
+€1,642
Investment (derived)
-€590,140
Investment in fixed assets (net)
-€600,278
Current investments
+€10,137
Financing
-€139,257
Debts after one year
-€165,934
Current portion of long-term debt
+€18,320
Short-term financial debts
+€8,356
Cash 2025
€70,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,164,122 | €4,476,004 | +€311,882 | +7.5% |
| Fixed assets | 21/28 | €3,052,081 | €3,596,844 | +€544,763 | +17.8% |
| Intangible fixed assets | 21 | €3,196 | €7,689 | +€4,493 | +141% |
| Tangible fixed assets | 22/27 | €970,885 | €1,511,155 | +€540,270 | +55.6% |
| Land and buildings | 22 | €768,698 | €794,713 | +€26,016 | +3.4% |
| Plant, machinery and equipment | 23 | €37,577 | €32,065 | -€5,511 | -14.7% |
| Assets under construction and advance payments | 27 | €164,611 | €684,376 | +€519,766 | +316% |
| Financial fixed assets | 28 | €2,078,000 | €2,078,000 | = | 0.0% |
| Current assets | 29/58 | €1,112,041 | €879,160 | -€232,881 | -20.9% |
| Amounts receivable within one year | 40/41 | €956,023 | €758,155 | -€197,869 | -20.7% |
| Trade receivables | 40 | €41,954 | €363,307 | +€321,352 | +766% |
| Other amounts receivable | 41 | €914,069 | €394,848 | -€519,221 | -56.8% |
| Current investments | 50/53 | €35,995 | €25,858 | -€10,137 | -28.2% |
| Cash at bank and in hand | 54/58 | €110,224 | €70,289 | -€39,935 | -36.2% |
| Deferred charges and accrued income | 490/1 | €9,799 | €24,859 | +€15,060 | +154% |
| Total equity and liabilities | 10/49 | €4,164,122 | €4,476,004 | +€311,882 | +7.5% |
| Equity | 10/15 | €2,017,984 | €2,153,120 | +€135,136 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,208 | €754,024 | +€132,816 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €130,610 | €123,425 | -€7,184 | -5.5% |
| Distributable reserves | 133 | €488,738 | €628,738 | +€140,000 | +28.6% |
| Profit (loss) carried forward | 14 | €1,378,176 | €1,380,496 | +€2,320 | +0.2% |
| Provisions and deferred taxes | 16 | €44,877 | €42,451 | -€2,426 | -5.4% |
| Deferred taxes | 168 | €44,877 | €42,451 | -€2,426 | -5.4% |
| Amounts payable | 17/49 | €2,101,260 | €2,280,433 | +€179,173 | +8.5% |
| Amounts payable after more than one year | 17 | €1,842,319 | €1,676,385 | -€165,934 | -9.0% |
| Financial debts | 170/4 | €1,842,019 | €1,676,085 | -€165,934 | -9.0% |
| Other amounts payable | 178/9 | €300 | €300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €258,941 | €603,612 | +€344,671 | +133% |
| Current portion of amounts payable after more than one year | 42 | €148,561 | €166,881 | +€18,320 | +12.3% |
| Financial debts | 43 | - | €8,356 | +€8,356 | |
| Credit institutions | 430/8 | - | €8,356 | +€8,356 | |
| Trade debts | 44 | €88,841 | €388,966 | +€300,125 | +338% |
| Suppliers | 440/4 | €88,841 | €388,966 | +€300,125 | +338% |
| Taxes, remuneration and social security | 45 | €20,935 | €37,599 | +€16,664 | +79.6% |
| Taxes | 450/3 | €20,935 | €37,599 | +€16,664 | +79.6% |
| Other amounts payable | 47/48 | €605 | €1,811 | +€1,206 | +199% |
| Accrued charges and deferred income | 492/3 | - | €436 | +€436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,814 | €55,515 | -€19,300 | -25.8% |
| Other operating charges | 640/8 | €27,149 | €14,011 | -€13,138 | -48.4% |
| Gross operating margin | 9900 | €114,384 | €143,125 | +€28,741 | +25.1% |
| Operating profit (loss) | 9901 | €12,420 | €73,599 | +€61,179 | +493% |
| Financial income | 75/76B | €129,337 | €129,033 | -€303 | -0.2% |
| Recurring financial income | 75 | €129,337 | €129,033 | -€303 | -0.2% |
| Financial charges | 65/66B | €51,060 | €54,355 | +€3,295 | +6.5% |
| Recurring financial charges | 65 | €51,060 | €54,355 | +€3,295 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €90,697 | €148,277 | +€57,580 | +63.5% |
| Transfer from deferred taxes | 780 | €2,426 | €2,426 | = | 0.0% |
| Income taxes | 67/77 | €9,232 | €15,568 | +€6,335 | +68.6% |
| Profit (loss) for the period | 9904 | €83,891 | €135,136 | +€51,245 | +61.1% |
| Transfer from tax-exempt reserves | 789 | €7,184 | €7,184 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,075 | €142,320 | +€51,245 | +56.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.