TT ENGINEERING: 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.
What changed
TT ENGINEERING
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.8m-€610,263
Equity
€6.0m
2024 · €5.6m+€390,370
Cash
€14,989
2024 · €6,813+€8,176
Balance sheet total
€7.5m
2024 · €7.6m-€113,048
Largest movements
Assets
- Receivables within one year -€114,357
down €114,357 (-84.2%), from €135,821 to €21,464
of which Other amounts receivable: -€112,600
Equity and liabilities
- Debts after one year -€501,000
down €501,000 (-33.3%), from €1.5m to €1.0m
- Reserves +€390,370
up €390,370 (+8.5%), from €4.6m to €5.0m
Income statement
- Financial income -€630,000
down €630,000 (-34.1%), from €1.9m to €1.2m
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.
Result 2024
€1.8m
Other operating income
-€2,258
Services and other goods
+€4,537
Other operating charges
+€2,951
Financial income
-€630,000
Financial charges
+€14,507
Result 2025
€1.2m
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.
From operations
+€1.3m
Investment
€0
Financing
-€1.3m
Cash 2024
€6,813
From operations (derived)
+€1.3m
Net result for the year
+€1.2m
Depreciation
+€10,552
Receivables within one year
+€114,357
Deferred charges and accrued income
-€3,685
Smaller working-capital items
-€2,417
Financing
-€1.3m
Debts after one year
-€501,000
Contributions, distributions and other
-€775,000
Cash 2025
€14,989
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,644,967 | €7,531,919 | -€113,048 | -1.5% |
| Fixed assets | 21/28 | €7,500,832 | €7,490,280 | -€10,552 | -0.1% |
| Tangible fixed assets | 22/27 | €52,216 | €41,664 | -€10,552 | -20.2% |
| Furniture and vehicles | 24 | €17,639 | €13,732 | -€3,907 | -22.2% |
| Other tangible fixed assets | 26 | €34,577 | €27,932 | -€6,645 | -19.2% |
| Financial fixed assets | 28 | €7,448,616 | €7,448,616 | = | 0.0% |
| Affiliated companies | 280/1 | €7,448,616 | €7,448,616 | = | 0.0% |
| Participating interests | 280 | €7,448,616 | €7,448,616 | = | 0.0% |
| Current assets | 29/58 | €144,135 | €41,639 | -€102,496 | -71.1% |
| Amounts receivable within one year | 40/41 | €135,821 | €21,464 | -€114,357 | -84.2% |
| Trade receivables | 40 | €3,221 | €1,464 | -€1,757 | -54.6% |
| Other amounts receivable | 41 | €132,600 | €20,000 | -€112,600 | -84.9% |
| Cash at bank and in hand | 54/58 | €6,813 | €14,989 | +€8,176 | +120.0% |
| Deferred charges and accrued income | 490/1 | €1,501 | €5,187 | +€3,685 | +245.5% |
| Total equity and liabilities | 10/49 | €7,644,967 | €7,531,919 | -€113,048 | -1.5% |
| Equity | 10/15 | €5,635,884 | €6,026,253 | +€390,370 | +6.9% |
| Contributions | 10/11 | €1,044,738 | €1,044,738 | = | 0.0% |
| Contributions outside capital | 11 | €1,044,738 | €1,044,738 | = | 0.0% |
| Other | 1109/19 | €1,044,738 | €1,044,738 | = | 0.0% |
| Reserves | 13 | €4,591,146 | €4,981,516 | +€390,370 | +8.5% |
| Distributable reserves | 133 | €4,591,146 | €4,981,516 | +€390,370 | +8.5% |
| Amounts payable | 17/49 | €2,009,083 | €1,505,666 | -€503,417 | -25.1% |
| Amounts payable after more than one year | 17 | €1,503,000 | €1,002,000 | -€501,000 | -33.3% |
| Financial debts | 170/4 | €1,503,000 | €1,002,000 | -€501,000 | -33.3% |
| Credit institutions | 173 | €1,503,000 | €1,002,000 | -€501,000 | -33.3% |
| Amounts payable within one year | 42/48 | €501,110 | €501,000 | -€110 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €501,000 | €501,000 | = | 0.0% |
| Trade debts | 44 | €110 | €0 | -€110 | -100.0% |
| Suppliers | 440/4 | €110 | €0 | -€110 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,973 | €2,666 | -€2,307 | -46.4% |
| Operating income | 70/76A | €11,984 | €9,726 | -€2,258 | -18.8% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €11,984 | €9,726 | -€2,258 | -18.8% |
| Operating charges | 60/66A | €31,142 | €23,654 | -€7,488 | -24.0% |
| Services and other goods | 61 | €15,469 | €10,932 | -€4,537 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,552 | €10,552 | = | 0.0% |
| Other operating charges | 640/8 | €5,121 | €2,170 | -€2,951 | -57.6% |
| Operating profit (loss) | 9901 | -€19,158 | -€13,928 | +€5,230 | +27.3% |
| Financial income | 75/76B | €1,850,000 | €1,220,000 | -€630,000 | -34.1% |
| Recurring financial income | 75 | €1,850,000 | €1,220,000 | -€630,000 | -34.1% |
| Income from financial fixed assets | 750 | €1,850,000 | €1,220,000 | -€630,000 | -34.1% |
| Financial charges | 65/66B | €55,209 | €40,702 | -€14,507 | -26.3% |
| Recurring financial charges | 65 | €55,209 | €40,702 | -€14,507 | -26.3% |
| Debt charges | 650 | €55,058 | €40,637 | -€14,421 | -26.2% |
| Other financial charges | 652/9 | €151 | €66 | -€85 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €1,775,633 | €1,165,370 | -€610,263 | -34.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,775,633 | €1,165,370 | -€610,263 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,775,633 | €1,165,370 | -€610,263 | -34.4% |
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 9 October 2026 via checked.be.