TT: what changed
Two fiscal 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.
TT
Largest movements
- Cash +€25,909
up €25,909 (+78.5%), from €32,998 to €58,907
mainly Net result for the year (+€94,608) and Stocks and contracts (+€15,735)
- Stocks and contracts -€15,735
no longer reported in 2025 (was €15,735)
- Tangible fixed assets -€6,667
down €6,667 (-30.9%), from €21,562 to €14,895
of which Other tangible fixed assets: -€5,384
- Profit (loss) carried forward +€94,608
up €94,608, from -€41,772 to €52,837
- Other debts -€47,306
down €47,306 (-95.5%), from €49,526 to €2,220
- Trade debts -€31,118
down €31,118 (-84.6%), from €36,785 to €5,667
- Tax, wage and social debts -€13,592
down €13,592 (-27.0%), from €50,343 to €36,751
of which Taxes: -€7,842
- Gross operating margin +€43,874
up €43,874 (+23.7%), from €184,990 to €228,864
- Taxes +€10,201
up €10,201 (+3640.1%), from €280 to €10,481
- Other operating charges -€8,778
down €8,778 (-84.0%), from €10,450 to €1,673
- Financial charges +€6,541
up €6,541 (+23.9%), from €27,414 to €33,955
- Staff costs +€3,964
up €3,964 (+5.2%), from €76,811 to €80,775
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 | €113,483 | €116,075 | +€2,592 | +2.3% |
| Fixed assets | 21/28 | €40,467 | €33,095 | -€7,372 | -18.2% |
| Intangible fixed assets | 21 | €706 | - | -€706 | |
| Tangible fixed assets | 22/27 | €21,562 | €14,895 | -€6,667 | -30.9% |
| Plant, machinery and equipment | 23 | €628 | €379 | -€249 | -39.7% |
| Furniture and vehicles | 24 | €311 | €0 | -€311 | -100.0% |
| Leasing and similar rights | 25 | €2,812 | €2,088 | -€723 | -25.7% |
| Other tangible fixed assets | 26 | €17,812 | €12,428 | -€5,384 | -30.2% |
| Financial fixed assets | 28 | €18,200 | €18,200 | = | 0.0% |
| Current assets | 29/58 | €73,016 | €82,980 | +€9,965 | +13.6% |
| Stocks and contracts in progress | 3 | €15,735 | - | -€15,735 | |
| Stocks | 30/36 | €15,735 | - | -€15,735 | |
| Amounts receivable within one year | 40/41 | €24,283 | €24,073 | -€210 | -0.9% |
| Trade receivables | 40 | €22,822 | €19,695 | -€3,127 | -13.7% |
| Other amounts receivable | 41 | €1,462 | €4,378 | +€2,917 | +199.5% |
| Cash at bank and in hand | 54/58 | €32,998 | €58,907 | +€25,909 | +78.5% |
| Total equity and liabilities | 10/49 | €113,483 | €116,075 | +€2,592 | +2.3% |
| Equity | 10/15 | -€23,172 | €71,437 | +€94,608 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,772 | €52,837 | +€94,608 | |
| Amounts payable | 17/49 | €136,655 | €44,638 | -€92,016 | -67.3% |
| Amounts payable within one year | 42/48 | €136,655 | €44,638 | -€92,016 | -67.3% |
| Trade debts | 44 | €36,785 | €5,667 | -€31,118 | -84.6% |
| Suppliers | 440/4 | €36,785 | €5,667 | -€31,118 | -84.6% |
| Taxes, remuneration and social security | 45 | €50,343 | €36,751 | -€13,592 | -27.0% |
| Taxes | 450/3 | €14,141 | €6,300 | -€7,842 | -55.5% |
| Remuneration and social security | 454/9 | €36,202 | €30,451 | -€5,751 | -15.9% |
| Other amounts payable | 47/48 | €49,526 | €2,220 | -€47,306 | -95.5% |
| Remuneration, social security and pensions | 62 | €76,811 | €80,775 | +€3,964 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,189 | €7,372 | -€3,816 | -34.1% |
| Other operating charges | 640/8 | €10,450 | €1,673 | -€8,778 | -84.0% |
| Gross operating margin | 9900 | €184,990 | €228,864 | +€43,874 | +23.7% |
| Operating profit (loss) | 9901 | €86,540 | €139,044 | +€52,504 | +60.7% |
| Financial charges | 65/66B | €27,414 | €33,955 | +€6,541 | +23.9% |
| Recurring financial charges | 65 | €27,414 | €33,955 | +€6,541 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €59,126 | €105,089 | +€45,963 | +77.7% |
| Income taxes | 67/77 | €280 | €10,481 | +€10,201 | +3640.1% |
| Profit (loss) for the period | 9904 | €58,846 | €94,608 | +€35,763 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,846 | €94,608 | +€35,763 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.