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 +€173,483
up €173,483 (+1,193%), from €14,543 to €188,025
of which Trade receivables: +€175,782
- Tangible fixed assets +€92,954
up €92,954 (+2,134%), from €4,357 to €97,311
of which Furniture and vehicles: +€88,764
- Trade debts +€152,045
up €152,045 (+557%), from €27,308 to €179,353
- Debts after one year +€65,730
new in 2025: €65,730
- Reserves +€24,473
up €24,473 (+979%), from €2,500 to €26,973
- Tax, wage and social debts +€14,716
up €14,716 (+163%), from €9,027 to €23,742
- Current portion of long-term debt +€12,267
new in 2025: €12,267
- Gross operating margin +€10,622
up €10,622 (+25.7%), from €41,378 to €52,000
- Taxes +€5,689
up €5,689 (+63.0%), from €9,027 to €14,716
- Depreciation +€5,655
up €5,655 (+1,969%), from €287 to €5,943
- Other operating charges +€1,279
up €1,279 (+330%), from €387 to €1,667
- Financial charges +€1,124
up €1,124 (+2,804%), from €40 to €1,164
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 | €69,334 | €337,880 | +€268,545 | +387% |
| Fixed assets | 21/28 | €4,357 | €97,311 | +€92,954 | +2,134% |
| Tangible fixed assets | 22/27 | €4,357 | €97,311 | +€92,954 | +2,134% |
| Plant, machinery and equipment | 23 | €4,357 | €8,547 | +€4,190 | +96.2% |
| Furniture and vehicles | 24 | - | €88,764 | +€88,764 | |
| Current assets | 29/58 | €64,978 | €240,569 | +€175,591 | +270% |
| Amounts receivable within one year | 40/41 | €14,543 | €188,025 | +€173,483 | +1,193% |
| Trade receivables | 40 | €10,010 | €185,791 | +€175,782 | +1,756% |
| Other amounts receivable | 41 | €4,533 | €2,234 | -€2,299 | -50.7% |
| Cash at bank and in hand | 54/58 | €50,435 | €50,466 | +€31 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €2,077 | +€2,077 | |
| Total equity and liabilities | 10/49 | €69,334 | €337,880 | +€268,545 | +387% |
| Equity | 10/15 | €22,643 | €51,973 | +€29,330 | +130% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €26,973 | +€24,473 | +979% |
| Distributable reserves | 133 | €2,500 | €26,973 | +€24,473 | +979% |
| Profit (loss) carried forward | 14 | -€4,857 | - | +€4,857 | |
| Amounts payable | 17/49 | €46,692 | €285,907 | +€239,215 | +512% |
| Amounts payable after more than one year | 17 | - | €65,730 | +€65,730 | |
| Financial debts | 170/4 | - | €65,730 | +€65,730 | |
| Amounts payable within one year | 42/48 | €46,692 | €220,177 | +€173,486 | +372% |
| Current portion of amounts payable after more than one year | 42 | - | €12,267 | +€12,267 | |
| Trade debts | 44 | €27,308 | €179,353 | +€152,045 | +557% |
| Suppliers | 440/4 | €27,308 | €179,353 | +€152,045 | +557% |
| Taxes, remuneration and social security | 45 | €9,027 | €23,742 | +€14,716 | +163% |
| Taxes | 450/3 | €9,027 | €23,742 | +€14,716 | +163% |
| Other amounts payable | 47/48 | €10,357 | €4,815 | -€5,542 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €5,943 | +€5,655 | +1,969% |
| Other operating charges | 640/8 | €387 | €1,667 | +€1,279 | +330% |
| Gross operating margin | 9900 | €41,378 | €52,000 | +€10,622 | +25.7% |
| Operating profit (loss) | 9901 | €40,703 | €44,391 | +€3,687 | +9.1% |
| Financial income | 75/76B | €0 | €820 | +€819 | +409,650% |
| Recurring financial income | 75 | €0 | €820 | +€819 | +409,650% |
| Financial charges | 65/66B | €40 | €1,164 | +€1,124 | +2,804% |
| Recurring financial charges | 65 | €40 | €1,164 | +€1,124 | +2,804% |
| Profit (loss) for the period before taxes | 9903 | €40,663 | €44,046 | +€3,383 | +8.3% |
| Income taxes | 67/77 | €9,027 | €14,716 | +€5,689 | +63.0% |
| Profit (loss) for the period | 9904 | €31,637 | €29,330 | -€2,307 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,637 | €29,330 | -€2,307 | -7.3% |
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 18 October 2026 via checked.be.