TT-Invest: 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-Invest
Largest movements
- Cash -€748,631
down €748,631 (-98.7%), from €758,375 to €9,744
mainly Debts after one year (-€1.8m) and Advances received (-€368,785)
- Receivables within one year +€267,604
up €267,604 (+23.2%), from €1.2m to €1.4m
of which Other amounts receivable: +€904,902
- Stocks and contracts -€231,448
down €231,448 (-46.0%), from €503,137 to €271,689
- Tangible fixed assets -€175,702
down €175,702 (-4.7%), from €3.7m to €3.6m
of which Land and buildings: -€351,177
- Receivables after one year -€100,435
no longer reported in 2025 (was €100,435)
- Debts after one year -€1.8m
down €1.8m (-50.1%), from €3.7m to €1.8m
- Current portion of long-term debt +€928,102
up €928,102 (+388%), from €239,184 to €1.2m
- Profit (loss) carried forward +€517,813
up €517,813 (+363%), from €142,637 to €660,450
- Advances received -€368,785
no longer reported in 2025 (was €368,785)
- Trade debts -€314,355
down €314,355 (-64.5%), from €487,684 to €173,329
- Financial income -€461,965
down €461,965 (-90.6%), from €509,901 to €47,936
- Write-downs -€226,160
new in 2025: -€226,160
- Gross operating margin -€60,354
down €60,354 (-7.8%), from €776,176 to €715,823
- Taxes -€27,248
down €27,248 (-13.5%), from €201,270 to €174,022
- Financial charges -€11,813
down €11,813 (-7.0%), from €167,613 to €155,800
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 | €7,077,785 | €6,127,018 | -€950,767 | -13.4% |
| Fixed assets | 21/28 | €4,555,488 | €4,379,786 | -€175,702 | -3.9% |
| Tangible fixed assets | 22/27 | €3,744,809 | €3,569,107 | -€175,702 | -4.7% |
| Land and buildings | 22 | €3,567,526 | €3,216,349 | -€351,177 | -9.8% |
| Plant, machinery and equipment | 23 | €4,748 | €4,046 | -€702 | -14.8% |
| Furniture and vehicles | 24 | €391 | €201,456 | +€201,065 | +51,447% |
| Other tangible fixed assets | 26 | €172,144 | €147,256 | -€24,888 | -14.5% |
| Financial fixed assets | 28 | €810,679 | €810,679 | = | 0.0% |
| Current assets | 29/58 | €2,522,297 | €1,747,232 | -€775,065 | -30.7% |
| Amounts receivable after more than one year | 29 | €100,435 | - | -€100,435 | |
| Other amounts receivable | 291 | €100,435 | - | -€100,435 | |
| Stocks and contracts in progress | 3 | €503,137 | €271,689 | -€231,448 | -46.0% |
| Stocks | 30/36 | €503,137 | €271,689 | -€231,448 | -46.0% |
| Amounts receivable within one year | 40/41 | €1,152,050 | €1,419,654 | +€267,604 | +23.2% |
| Trade receivables | 40 | €691,505 | €54,207 | -€637,298 | -92.2% |
| Other amounts receivable | 41 | €460,545 | €1,365,447 | +€904,902 | +196% |
| Cash at bank and in hand | 54/58 | €758,375 | €9,744 | -€748,631 | -98.7% |
| Deferred charges and accrued income | 490/1 | €8,301 | €46,145 | +€37,844 | +456% |
| Total equity and liabilities | 10/49 | €7,077,785 | €6,127,018 | -€950,767 | -13.4% |
| Equity | 10/15 | €1,580,487 | €2,098,300 | +€517,813 | +32.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,417,850 | €1,417,850 | = | 0.0% |
| Distributable reserves | 133 | €1,417,850 | €1,417,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,637 | €660,450 | +€517,813 | +363% |
| Amounts payable | 17/49 | €5,497,298 | €4,028,718 | -€1.5m | -26.7% |
| Amounts payable after more than one year | 17 | €3,658,125 | €1,827,096 | -€1.8m | -50.1% |
| Financial debts | 170/4 | €3,658,125 | €1,827,096 | -€1.8m | -50.1% |
| Amounts payable within one year | 42/48 | €1,816,930 | €2,195,965 | +€379,035 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €239,184 | €1,167,286 | +€928,102 | +388% |
| Trade debts | 44 | €487,684 | €173,329 | -€314,355 | -64.5% |
| Suppliers | 440/4 | €487,684 | €173,329 | -€314,355 | -64.5% |
| Advances received on contracts in progress | 46 | €368,785 | - | -€368,785 | |
| Taxes, remuneration and social security | 45 | €234,373 | €230,077 | -€4,295 | -1.8% |
| Taxes | 450/3 | €234,373 | €227,100 | -€7,272 | -3.1% |
| Remuneration and social security | 454/9 | - | €2,977 | +€2,977 | |
| Other amounts payable | 47/48 | €486,904 | €625,272 | +€138,368 | +28.4% |
| Accrued charges and deferred income | 492/3 | €22,243 | €5,656 | -€16,587 | -74.6% |
| Non-recurring operating income | 76A | - | €168,354 | +€168,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,127 | €127,279 | +€7,153 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€226,160 | -€226,160 | |
| Other operating charges | 640/8 | €12,786 | €15,003 | +€2,217 | +17.3% |
| Gross operating margin | 9900 | €776,176 | €715,823 | -€60,354 | -7.8% |
| Operating profit (loss) | 9901 | €643,264 | €799,700 | +€156,436 | +24.3% |
| Financial income | 75/76B | €509,901 | €47,936 | -€461,965 | -90.6% |
| Recurring financial income | 75 | €509,901 | €47,936 | -€461,965 | -90.6% |
| Financial charges | 65/66B | €167,613 | €155,800 | -€11,813 | -7.0% |
| Recurring financial charges | 65 | €167,613 | €155,800 | -€11,813 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €985,552 | €691,835 | -€293,716 | -29.8% |
| Income taxes | 67/77 | €201,270 | €174,022 | -€27,248 | -13.5% |
| Profit (loss) for the period | 9904 | €784,282 | €517,813 | -€266,469 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €784,282 | €517,813 | -€266,469 | -34.0% |
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.