TT PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€21,559
up €21,559 (+82.9%), from €26,007 to €47,565
of which Trade receivables: +€21,237
- Reserves +€27,285
up €27,285 (+6.9%), from €393,181 to €420,466
of which Distributable reserves: +€27,285
- Tax, wage and social debts -€16,763
down €16,763 (-81.5%), from €20,561 to €3,799
- Other debts +€7,431
up €7,431 (+4.8%), from €153,741 to €161,172
- Gross operating margin -€20,373
down €20,373 (-12.6%), from €161,079 to €140,706
- Taxes -€8,039
down €8,039 (-17.0%), from €47,176 to €39,137
- Financial income -€5,384
down €5,384 (-74.9%), from €7,184 to €1,800
- Financial charges +€2,069
up €2,069 (+32.9%), from €6,287 to €8,357
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,811 | €591,183 | +€18,373 | +3.2% |
| Fixed assets | 21/28 | €5,312 | €4,494 | -€818 | -15.4% |
| Tangible fixed assets | 22/27 | €5,267 | €4,449 | -€818 | -15.5% |
| Plant, machinery and equipment | 23 | €709 | €326 | -€383 | -54.0% |
| Furniture and vehicles | 24 | €4,558 | €4,123 | -€436 | -9.6% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €567,499 | €586,689 | +€19,191 | +3.4% |
| Amounts receivable within one year | 40/41 | €26,007 | €47,565 | +€21,559 | +82.9% |
| Trade receivables | 40 | €25,816 | €47,053 | +€21,237 | +82.3% |
| Other amounts receivable | 41 | €191 | €512 | +€321 | +168.0% |
| Current investments | 50/53 | €68,551 | €68,851 | +€300 | +0.4% |
| Cash at bank and in hand | 54/58 | €470,156 | €467,358 | -€2,798 | -0.6% |
| Deferred charges and accrued income | 490/1 | €2,784 | €2,915 | +€131 | +4.7% |
| Total equity and liabilities | 10/49 | €572,811 | €591,183 | +€18,373 | +3.2% |
| Equity | 10/15 | €397,181 | €424,466 | +€27,285 | +6.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €393,181 | €420,466 | +€27,285 | +6.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €393,181 | €420,466 | +€27,285 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €175,629 | €166,717 | -€8,912 | -5.1% |
| Amounts payable within one year | 42/48 | €175,629 | €166,717 | -€8,912 | -5.1% |
| Trade debts | 44 | €1,327 | €1,747 | +€420 | +31.6% |
| Suppliers | 440/4 | €1,327 | €1,747 | +€420 | +31.6% |
| Taxes, remuneration and social security | 45 | €20,561 | €3,799 | -€16,763 | -81.5% |
| Taxes | 450/3 | €20,561 | €3,799 | -€16,763 | -81.5% |
| Other amounts payable | 47/48 | €153,741 | €161,172 | +€7,431 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,157 | €2,380 | +€223 | +10.3% |
| Other operating charges | 640/8 | €1,076 | €1,139 | +€64 | +5.9% |
| Gross operating margin | 9900 | €161,079 | €140,706 | -€20,373 | -12.6% |
| Operating profit (loss) | 9901 | €157,846 | €137,187 | -€20,659 | -13.1% |
| Financial income | 75/76B | €7,184 | €1,800 | -€5,384 | -74.9% |
| Recurring financial income | 75 | €7,184 | €1,800 | -€5,384 | -74.9% |
| Financial charges | 65/66B | €6,287 | €8,357 | +€2,069 | +32.9% |
| Recurring financial charges | 65 | €6,287 | €8,357 | +€2,069 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €158,743 | €130,631 | -€28,113 | -17.7% |
| Income taxes | 67/77 | €47,176 | €39,137 | -€8,039 | -17.0% |
| Profit (loss) for the period | 9904 | €111,567 | €91,493 | -€20,074 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,567 | €91,493 | -€20,074 | -18.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.