TT CAPITAL: 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.
TT CAPITAL
Largest movements
- Tangible fixed assets -€178,887
down €178,887 (-6.5%), from €2.8m to €2.6m
of which Plant, machinery and equipment: -€117,517
- Profit (loss) carried forward -€120,872
down €120,872 (-9.8%), from -€1.2m to -€1.4m
- Gross operating margin +€102,442
up €102,442 (+327%), from €31,309 to €133,752
- Financial charges -€8,800
down €8,800 (-16.7%), from €52,557 to €43,757
- Financial income -€6,713
no longer reported in 2025 (was €6,713)
- Other operating charges -€2,021
down €2,021 (-24.7%), from €8,166 to €6,145
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 | €4,541,596 | €4,420,624 | -€120,972 | -2.7% |
| Fixed assets | 21/28 | €4,436,842 | €4,257,956 | -€178,887 | -4.0% |
| Tangible fixed assets | 22/27 | €2,751,842 | €2,572,956 | -€178,887 | -6.5% |
| Land and buildings | 22 | €1,061,895 | €1,007,073 | -€54,822 | -5.2% |
| Plant, machinery and equipment | 23 | €1,584,825 | €1,467,307 | -€117,517 | -7.4% |
| Furniture and vehicles | 24 | €105,123 | €98,575 | -€6,548 | -6.2% |
| Financial fixed assets | 28 | €1,685,000 | €1,685,000 | = | 0.0% |
| Current assets | 29/58 | €104,753 | €162,668 | +€57,915 | +55.3% |
| Amounts receivable within one year | 40/41 | €79,863 | €121,944 | +€42,081 | +52.7% |
| Trade receivables | 40 | €55,170 | €98,394 | +€43,224 | +78.3% |
| Other amounts receivable | 41 | €24,693 | €23,550 | -€1,143 | -4.6% |
| Cash at bank and in hand | 54/58 | €24,890 | €40,724 | +€15,834 | +63.6% |
| Total equity and liabilities | 10/49 | €4,541,596 | €4,420,624 | -€120,972 | -2.7% |
| Equity | 10/15 | €1,205,263 | €1,084,391 | -€120,872 | -10.0% |
| Contributions | 10/11 | €2,436,826 | €2,436,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,231,563 | -€1,352,435 | -€120,872 | -9.8% |
| Amounts payable | 17/49 | €3,336,332 | €3,336,232 | -€100 | 0.0% |
| Amounts payable after more than one year | 17 | €1,275,000 | €1,275,000 | = | 0.0% |
| Financial debts | 170/4 | €1,275,000 | €1,275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,057,726 | €2,059,377 | +€1,651 | +0.1% |
| Trade debts | 44 | €10,987 | €5,036 | -€5,951 | -54.2% |
| Suppliers | 440/4 | €10,987 | €5,036 | -€5,951 | -54.2% |
| Other amounts payable | 47/48 | €2,046,740 | €2,054,341 | +€7,602 | +0.4% |
| Accrued charges and deferred income | 492/3 | €3,606 | €1,856 | -€1,751 | -48.5% |
| Remuneration, social security and pensions | 62 | €1,928 | €998 | -€929 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,420 | €203,723 | +€1,303 | +0.6% |
| Other operating charges | 640/8 | €8,166 | €6,145 | -€2,021 | -24.7% |
| Gross operating margin | 9900 | €31,309 | €133,752 | +€102,442 | +327% |
| Operating profit (loss) | 9901 | -€181,205 | -€77,115 | +€104,089 | +57.4% |
| Financial income | 75/76B | €6,713 | - | -€6,713 | |
| Recurring financial income | 75 | €6,713 | - | -€6,713 | |
| Financial charges | 65/66B | €52,557 | €43,757 | -€8,800 | -16.7% |
| Recurring financial charges | 65 | €52,557 | €43,757 | -€8,800 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€227,049 | -€120,872 | +€106,177 | +46.8% |
| Profit (loss) for the period | 9904 | -€227,049 | -€120,872 | +€106,177 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€227,049 | -€120,872 | +€106,177 | +46.8% |
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 17 October 2026 via checked.be.