TT Motorhomes: what changed
TT Motorhomes
Largest movements
- Stocks and contracts +€963,635
up €963,635 (+52.2%), from €1.8m to €2.8m
- Receivables within one year -€194,635
down €194,635 (-59.6%), from €326,420 to €131,785
of which Other amounts receivable: -€101,072
- Cash -€188,814
down €188,814 (-72.9%), from €259,164 to €70,349
mainly Stocks and contracts (-€963,635) and Investment in fixed assets (net) (-€115,825)
- Tangible fixed assets +€62,621
up €62,621 (+39.6%), from €158,246 to €220,867
of which Furniture and vehicles: +€62,624
- Other debts +€475,590
up €475,590 (+56.7%), from €838,097 to €1.3m
- Reserves +€306,601
up €306,601 (+29.8%), from €1.0m to €1.3m
- Profit (loss) carried forward -€210,385
down €210,385 (-100%), from €210,385 to €0
- Short-term financial debts +€120,000
up €120,000 (+400%), from €30,000 to €150,000
- Trade debts -€67,562
down €67,562 (-49.7%), from €135,916 to €68,354
- Other operating charges +€75,720
up €75,720 (+431%), from €17,573 to €93,293
- Depreciation +€15,315
up €15,315 (+40.4%), from €37,889 to €53,204
- Staff costs +€14,007
up €14,007 (+13.7%), from €101,999 to €116,005
- Financial charges +€8,241
up €8,241 (+9.6%), from €85,941 to €94,182
- Gross operating margin -€5,438
down €5,438 (-1.0%), from €523,157 to €517,718
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 | €2,590,012 | €3,250,921 | +€660,908 | +25.5% |
| Fixed assets | 21/28 | €158,246 | €220,867 | +€62,621 | +39.6% |
| Tangible fixed assets | 22/27 | €158,246 | €220,867 | +€62,621 | +39.6% |
| Land and buildings | 22 | €42,032 | €42,411 | +€379 | +0.9% |
| Plant, machinery and equipment | 23 | €77,074 | €76,691 | -€383 | -0.5% |
| Furniture and vehicles | 24 | €39,141 | €101,765 | +€62,624 | +160% |
| Current assets | 29/58 | €2,431,766 | €3,030,054 | +€598,288 | +24.6% |
| Stocks and contracts in progress | 3 | €1,844,966 | €2,808,601 | +€963,635 | +52.2% |
| Stocks | 30/36 | €1,844,966 | €2,808,601 | +€963,635 | +52.2% |
| Amounts receivable within one year | 40/41 | €326,420 | €131,785 | -€194,635 | -59.6% |
| Trade receivables | 40 | €169,249 | €75,687 | -€93,562 | -55.3% |
| Other amounts receivable | 41 | €157,171 | €56,098 | -€101,072 | -64.3% |
| Cash at bank and in hand | 54/58 | €259,164 | €70,349 | -€188,814 | -72.9% |
| Deferred charges and accrued income | 490/1 | €1,216 | €19,319 | +€18,102 | +1,488% |
| Total equity and liabilities | 10/49 | €2,590,012 | €3,250,921 | +€660,908 | +25.5% |
| Equity | 10/15 | €1,240,305 | €1,336,521 | +€96,216 | +7.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,027,420 | €1,334,021 | +€306,601 | +29.8% |
| Distributable reserves | 133 | €1,027,420 | €1,334,021 | +€306,601 | +29.8% |
| Profit (loss) carried forward | 14 | €210,385 | €0 | -€210,385 | -100% |
| Amounts payable | 17/49 | €1,349,707 | €1,914,399 | +€564,692 | +41.8% |
| Amounts payable after more than one year | 17 | €24,843 | €40,247 | +€15,405 | +62.0% |
| Financial debts | 170/4 | €24,843 | €40,247 | +€15,405 | +62.0% |
| Amounts payable within one year | 42/48 | €1,324,865 | €1,874,152 | +€549,287 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €96,208 | €65,357 | -€30,851 | -32.1% |
| Financial debts | 43 | €30,000 | €150,000 | +€120,000 | +400% |
| Credit institutions | 430/8 | €30,000 | €150,000 | +€120,000 | +400% |
| Trade debts | 44 | €135,916 | €68,354 | -€67,562 | -49.7% |
| Suppliers | 440/4 | €135,916 | €68,354 | -€67,562 | -49.7% |
| Advances received on contracts in progress | 46 | €3,000 | €450 | -€2,550 | -85.0% |
| Taxes, remuneration and social security | 45 | €221,643 | €276,304 | +€54,661 | +24.7% |
| Taxes | 450/3 | €197,034 | €235,802 | +€38,768 | +19.7% |
| Remuneration and social security | 454/9 | €24,609 | €40,502 | +€15,893 | +64.6% |
| Other amounts payable | 47/48 | €838,097 | €1,313,687 | +€475,590 | +56.7% |
| Remuneration, social security and pensions | 62 | €101,999 | €116,005 | +€14,007 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,889 | €53,204 | +€15,315 | +40.4% |
| Other operating charges | 640/8 | €17,573 | €93,293 | +€75,720 | +431% |
| Gross operating margin | 9900 | €523,157 | €517,718 | -€5,438 | -1.0% |
| Operating profit (loss) | 9901 | €365,696 | €255,216 | -€110,481 | -30.2% |
| Financial income | 75/76B | €125 | €28 | -€97 | -77.7% |
| Recurring financial income | 75 | €125 | €28 | -€97 | -77.7% |
| Financial charges | 65/66B | €85,941 | €94,182 | +€8,241 | +9.6% |
| Recurring financial charges | 65 | €85,941 | €94,182 | +€8,241 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €279,880 | €161,061 | -€118,819 | -42.5% |
| Income taxes | 67/77 | €67,829 | €63,179 | -€4,650 | -6.9% |
| Profit (loss) for the period | 9904 | €212,051 | €97,882 | -€114,169 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €212,051 | €97,882 | -€114,169 | -53.8% |
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 4 November 2026 via checked.be.