TT COMPANY: what changed
TT COMPANY
Largest movements
- Receivables within one year -€224,179
down €224,179 (-70.0%), from €320,344 to €96,165
of which Trade receivables: -€172,153
- Cash +€7,510
up €7,510, from €0 to €7,510
mainly Receivables within one year (+€224,179) and Depreciation (+€4,283)
- Advances received -€151,900
down €151,900 (-99.8%), from €152,130 to €230
- Short-term financial debts -€39,385
down €39,385 (-11.1%), from €355,385 to €316,000
of which Credit institutions: -€39,385
- Trade debts -€24,171
down €24,171 (-31.8%), from €75,917 to €51,746
- Gross operating margin +€23,285
up €23,285, from -€11,667 to €11,618
- Financial charges -€10,852
down €10,852 (-40.7%), from €26,684 to €15,833
- Financial income -€1,970
down €1,970 (-39.2%), from €5,027 to €3,056
- Other operating charges +€146
up €146 (+116%), from €126 to €272
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,446 | €374,317 | -€221,130 | -37.1% |
| Fixed assets | 21/28 | €7,216 | €2,933 | -€4,283 | -59.3% |
| Tangible fixed assets | 22/27 | €7,216 | €2,933 | -€4,283 | -59.3% |
| Furniture and vehicles | 24 | €7,216 | €2,933 | -€4,283 | -59.3% |
| Current assets | 29/58 | €588,230 | €371,383 | -€216,847 | -36.9% |
| Stocks and contracts in progress | 3 | €267,708 | €267,708 | = | 0.0% |
| Stocks | 30/36 | €267,708 | €267,708 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €320,344 | €96,165 | -€224,179 | -70.0% |
| Trade receivables | 40 | €223,935 | €51,782 | -€172,153 | -76.9% |
| Other amounts receivable | 41 | €96,409 | €44,383 | -€52,027 | -54.0% |
| Cash at bank and in hand | 54/58 | €0 | €7,510 | +€7,510 | |
| Deferred charges and accrued income | 490/1 | €178 | €0 | -€178 | -100% |
| Total equity and liabilities | 10/49 | €595,446 | €374,317 | -€221,130 | -37.1% |
| Equity | 10/15 | €11,449 | €5,559 | -€5,890 | -51.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,036 | €11,036 | = | 0.0% |
| Distributable reserves | 133 | €11,036 | €11,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,587 | -€30,477 | -€5,890 | -24.0% |
| Amounts payable | 17/49 | €583,998 | €368,758 | -€215,240 | -36.9% |
| Amounts payable within one year | 42/48 | €583,998 | €368,758 | -€215,240 | -36.9% |
| Financial debts | 43 | €355,385 | €316,000 | -€39,385 | -11.1% |
| Credit institutions | 430/8 | €355,385 | €316,000 | -€39,385 | -11.1% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €75,917 | €51,746 | -€24,171 | -31.8% |
| Suppliers | 440/4 | €75,917 | €51,746 | -€24,171 | -31.8% |
| Advances received on contracts in progress | 46 | €152,130 | €230 | -€151,900 | -99.8% |
| Taxes, remuneration and social security | 45 | €566 | €782 | +€215 | +38.0% |
| Taxes | 450/3 | €566 | €782 | +€215 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,283 | €4,283 | -€0 | 0.0% |
| Other operating charges | 640/8 | €126 | €272 | +€146 | +116% |
| Gross operating margin | 9900 | -€11,667 | €11,618 | +€23,285 | |
| Operating profit (loss) | 9901 | -€16,076 | €7,063 | +€23,139 | |
| Financial income | 75/76B | €5,027 | €3,056 | -€1,970 | -39.2% |
| Recurring financial income | 75 | €5,027 | €3,056 | -€1,970 | -39.2% |
| Financial charges | 65/66B | €26,684 | €15,833 | -€10,852 | -40.7% |
| Recurring financial charges | 65 | €26,684 | €15,833 | -€10,852 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€37,734 | -€5,714 | +€32,020 | +84.9% |
| Income taxes | 67/77 | €144 | €176 | +€32 | +22.2% |
| Profit (loss) for the period | 9904 | -€37,878 | -€5,890 | +€31,988 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,878 | -€5,890 | +€31,988 | +84.5% |
Next steps
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 8 November 2026 via checked.be.