TT GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€20,607
up €20,607 (+18.2%), from €113,148 to €133,755
of which Plant, machinery and equipment: +€27,181
- Cash +€11,406
up €11,406 (+40.7%), from €28,048 to €39,454
mainly Net result for the year (+€98,231) and Depreciation (+€33,593)
- Deferred charges and accrued income +€8,200
up €8,200 (+375%), from €2,185 to €10,385
- Stocks and contracts +€3,909
up €3,909 (+68.9%), from €5,678 to €9,588
- Receivables within one year +€3,006
up €3,006 (+16.5%), from €18,223 to €21,229
of which Trade receivables: +€3,006
- Profit (loss) carried forward +€98,231
up €98,231 (+54.8%), from -€179,135 to -€80,904
- Other debts -€43,047
down €43,047 (-16.6%), from €259,148 to €216,101
- Advances received -€17,424
no longer reported in 2025 (was €17,424)
- Trade debts +€6,099
up €6,099 (+24.4%), from €25,032 to €31,131
- Tax, wage and social debts +€3,268
up €3,268 (+8.5%), from €38,564 to €41,832
of which Taxes: +€4,003
- Gross operating margin +€91,478
up €91,478 (+65.2%), from €140,381 to €231,859
- Other operating charges -€5,110
down €5,110 (-81.6%), from €6,262 to €1,151
- Depreciation -€5,092
down €5,092 (-13.2%), from €38,685 to €33,593
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 | €167,282 | €214,410 | +€47,128 | +28.2% |
| Fixed assets | 21/28 | €113,148 | €133,755 | +€20,607 | +18.2% |
| Tangible fixed assets | 22/27 | €113,148 | €133,755 | +€20,607 | +18.2% |
| Plant, machinery and equipment | 23 | €90,605 | €117,786 | +€27,181 | +30.0% |
| Other tangible fixed assets | 26 | €22,543 | €15,969 | -€6,574 | -29.2% |
| Current assets | 29/58 | €54,134 | €80,655 | +€26,521 | +49.0% |
| Stocks and contracts in progress | 3 | €5,678 | €9,588 | +€3,909 | +68.9% |
| Stocks | 30/36 | €5,678 | €9,588 | +€3,909 | +68.9% |
| Amounts receivable within one year | 40/41 | €18,223 | €21,229 | +€3,006 | +16.5% |
| Trade receivables | 40 | €18,208 | €21,214 | +€3,006 | +16.5% |
| Other amounts receivable | 41 | €15 | €15 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,048 | €39,454 | +€11,406 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,185 | €10,385 | +€8,200 | +375% |
| Total equity and liabilities | 10/49 | €167,282 | €214,410 | +€47,128 | +28.2% |
| Equity | 10/15 | -€172,885 | -€74,654 | +€98,231 | +56.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,135 | -€80,904 | +€98,231 | +54.8% |
| Amounts payable | 17/49 | €340,167 | €289,064 | -€51,103 | -15.0% |
| Amounts payable within one year | 42/48 | €340,167 | €289,064 | -€51,103 | -15.0% |
| Trade debts | 44 | €25,032 | €31,131 | +€6,099 | +24.4% |
| Suppliers | 440/4 | €25,032 | €31,131 | +€6,099 | +24.4% |
| Advances received on contracts in progress | 46 | €17,424 | - | -€17,424 | |
| Taxes, remuneration and social security | 45 | €38,564 | €41,832 | +€3,268 | +8.5% |
| Taxes | 450/3 | €13,975 | €17,979 | +€4,003 | +28.6% |
| Remuneration and social security | 454/9 | €24,588 | €23,853 | -€735 | -3.0% |
| Other amounts payable | 47/48 | €259,148 | €216,101 | -€43,047 | -16.6% |
| Remuneration, social security and pensions | 62 | €96,047 | €97,980 | +€1,933 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,685 | €33,593 | -€5,092 | -13.2% |
| Other operating charges | 640/8 | €6,262 | €1,151 | -€5,110 | -81.6% |
| Gross operating margin | 9900 | €140,381 | €231,859 | +€91,478 | +65.2% |
| Operating profit (loss) | 9901 | -€612 | €99,134 | +€99,747 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +3,357% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3,357% |
| Financial charges | 65/66B | €915 | €906 | -€9 | -1.0% |
| Recurring financial charges | 65 | €915 | €906 | -€9 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,527 | €98,231 | +€99,759 | |
| Income taxes | 67/77 | €9 | - | -€9 | |
| Profit (loss) for the period | 9904 | -€1,536 | €98,231 | +€99,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,536 | €98,231 | +€99,768 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.