TT-EXPRESS: 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-EXPRESS
Largest movements
- Tangible fixed assets -€8,468
down €8,468 (-42.8%), from €19,797 to €11,329
- Deferred charges and accrued income -€1,909
down €1,909 (-50.0%), from €3,819 to €1,909
- Receivables within one year -€1,420
down €1,420 (-11.2%), from €12,686 to €11,265
of which Other amounts receivable: -€3,444
- Profit (loss) carried forward -€10,880
down €10,880, from €6,952 to -€3,929
- Debts after one year -€4,458
down €4,458 (-32.8%), from €13,573 to €9,114
- Current portion of long-term debt -€4,299
down €4,299 (-49.1%), from €8,757 to €4,458
- Trade debts +€3,248
up €3,248 (+277%), from €1,173 to €4,421
- Other debts +€2,693
new in 2025: €2,693
- Other operating charges +€2,135
new in 2025: €2,135
- Staff costs +€1,789
new in 2025: €1,789
- Gross operating margin +€1,640
up €1,640 (+32.7%), from €5,017 to €6,657
- Taxes -€786
down €786 (-62.1%), from €1,266 to €480
- Financial charges +€656
up €656 (+58.7%), from €1,117 to €1,773
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 | €36,335 | €24,727 | -€11,608 | -31.9% |
| Fixed assets | 21/28 | €19,797 | €11,329 | -€8,468 | -42.8% |
| Tangible fixed assets | 22/27 | €19,797 | €11,329 | -€8,468 | -42.8% |
| Furniture and vehicles | 24 | €19,797 | €11,329 | -€8,468 | -42.8% |
| Current assets | 29/58 | €16,539 | €13,398 | -€3,140 | -19.0% |
| Amounts receivable within one year | 40/41 | €12,686 | €11,265 | -€1,420 | -11.2% |
| Trade receivables | 40 | €7,915 | €9,938 | +€2,024 | +25.6% |
| Other amounts receivable | 41 | €4,771 | €1,327 | -€3,444 | -72.2% |
| Cash at bank and in hand | 54/58 | €34 | €224 | +€189 | +550% |
| Deferred charges and accrued income | 490/1 | €3,819 | €1,909 | -€1,909 | -50.0% |
| Total equity and liabilities | 10/49 | €36,335 | €24,727 | -€11,608 | -31.9% |
| Equity | 10/15 | €8,952 | -€1,929 | -€10,880 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,952 | -€3,929 | -€10,880 | |
| Amounts payable | 17/49 | €27,384 | €26,656 | -€728 | -2.7% |
| Amounts payable after more than one year | 17 | €13,573 | €9,114 | -€4,458 | -32.8% |
| Financial debts | 170/4 | €13,573 | €9,114 | -€4,458 | -32.8% |
| Amounts payable within one year | 42/48 | €13,790 | €17,530 | +€3,740 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €8,757 | €4,458 | -€4,299 | -49.1% |
| Trade debts | 44 | €1,173 | €4,421 | +€3,248 | +277% |
| Suppliers | 440/4 | €1,173 | €4,421 | +€3,248 | +277% |
| Taxes, remuneration and social security | 45 | €3,860 | €5,958 | +€2,098 | +54.4% |
| Taxes | 450/3 | €3,860 | €4,180 | +€320 | +8.3% |
| Remuneration and social security | 454/9 | - | €1,778 | +€1,778 | |
| Other amounts payable | 47/48 | - | €2,693 | +€2,693 | |
| Accrued charges and deferred income | 492/3 | €21 | €11 | -€9 | -45.7% |
| Remuneration, social security and pensions | 62 | - | €1,789 | +€1,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,686 | €3,284 | +€598 | +22.3% |
| Other operating charges | 640/8 | - | €2,135 | +€2,135 | |
| Non-recurring operating charges | 66A | - | €8,076 | +€8,076 | |
| Gross operating margin | 9900 | €5,017 | €6,657 | +€1,640 | +32.7% |
| Operating profit (loss) | 9901 | €2,331 | -€8,627 | -€10,958 | |
| Financial income | 75/76B | €59 | €0 | -€59 | -99.2% |
| Recurring financial income | 75 | €59 | €0 | -€59 | -99.2% |
| Financial charges | 65/66B | €1,117 | €1,773 | +€656 | +58.7% |
| Recurring financial charges | 65 | €1,117 | €1,773 | +€656 | +58.7% |
| Profit (loss) for the period before taxes | 9903 | €1,273 | -€10,400 | -€11,673 | |
| Income taxes | 67/77 | €1,266 | €480 | -€786 | -62.1% |
| Profit (loss) for the period | 9904 | €7 | -€10,880 | -€10,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €7 | -€10,880 | -€10,887 |
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 1 November 2026 via checked.be.