TT RETAIL: 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 RETAIL
Largest movements
- Cash -€81,452
down €81,452 (-70.3%), from €115,830 to €34,378
mainly Debts after one year (-€107,696) and Net result for the year (-€28,863)
- Tangible fixed assets -€42,945
down €42,945 (-13.2%), from €324,193 to €281,249
of which Plant, machinery and equipment: -€33,271
- Stocks and contracts -€15,212
down €15,212 (-9.8%), from €154,793 to €139,581
- Intangible fixed assets -€15,000
down €15,000 (-12.5%), from €119,887 to €104,887
- Debts after one year -€107,696
down €107,696 (-21.4%), from €503,374 to €395,678
of which Other amounts payable: -€75,000
- Profit (loss) carried forward -€28,863
new in 2025: -€28,863
- Trade debts -€16,257
down €16,257 (-26.1%), from €62,324 to €46,067
- Gross operating margin -€40,504
down €40,504 (-14.0%), from €289,526 to €249,022
- Staff costs +€38,649
up €38,649 (+24.6%), from €156,988 to €195,638
- Financial charges +€3,836
up €3,836 (+22.2%), from €17,272 to €21,108
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 | €780,000 | €624,873 | -€155,128 | -19.9% |
| Fixed assets | 21/28 | €444,430 | €386,486 | -€57,945 | -13.0% |
| Intangible fixed assets | 21 | €119,887 | €104,887 | -€15,000 | -12.5% |
| Tangible fixed assets | 22/27 | €324,193 | €281,249 | -€42,945 | -13.2% |
| Plant, machinery and equipment | 23 | €246,427 | €213,157 | -€33,271 | -13.5% |
| Other tangible fixed assets | 26 | €77,766 | €68,092 | -€9,674 | -12.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €335,570 | €238,387 | -€97,183 | -29.0% |
| Stocks and contracts in progress | 3 | €154,793 | €139,581 | -€15,212 | -9.8% |
| Stocks | 30/36 | €154,793 | €139,581 | -€15,212 | -9.8% |
| Amounts receivable within one year | 40/41 | €62,958 | €59,765 | -€3,193 | -5.1% |
| Trade receivables | 40 | €50,395 | €52,414 | +€2,019 | +4.0% |
| Other amounts receivable | 41 | €12,563 | €7,351 | -€5,212 | -41.5% |
| Cash at bank and in hand | 54/58 | €115,830 | €34,378 | -€81,452 | -70.3% |
| Deferred charges and accrued income | 490/1 | €1,989 | €4,662 | +€2,673 | +134% |
| Total equity and liabilities | 10/49 | €780,000 | €624,873 | -€155,128 | -19.9% |
| Equity | 10/15 | €112,794 | €83,932 | -€28,863 | -25.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €87,794 | €87,794 | = | 0.0% |
| Distributable reserves | 133 | €87,794 | €87,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€28,863 | -€28,863 | |
| Amounts payable | 17/49 | €667,206 | €540,941 | -€126,265 | -18.9% |
| Amounts payable after more than one year | 17 | €503,374 | €395,678 | -€107,696 | -21.4% |
| Financial debts | 170/4 | €254,829 | €187,570 | -€67,259 | -26.4% |
| Trade debts | 175 | €173,545 | €208,108 | +€34,563 | +19.9% |
| Other amounts payable | 178/9 | €75,000 | €0 | -€75,000 | -100% |
| Amounts payable within one year | 42/48 | €163,414 | €144,924 | -€18,490 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €70,782 | €71,974 | +€1,192 | +1.7% |
| Trade debts | 44 | €62,324 | €46,067 | -€16,257 | -26.1% |
| Suppliers | 440/4 | €62,324 | €46,067 | -€16,257 | -26.1% |
| Taxes, remuneration and social security | 45 | €30,308 | €25,108 | -€5,200 | -17.2% |
| Taxes | 450/3 | €70 | €177 | +€107 | +152% |
| Remuneration and social security | 454/9 | €30,238 | €24,931 | -€5,306 | -17.5% |
| Other amounts payable | 47/48 | - | €1,774 | +€1,774 | |
| Accrued charges and deferred income | 492/3 | €418 | €339 | -€79 | -19.0% |
| Remuneration, social security and pensions | 62 | €156,988 | €195,638 | +€38,649 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,061 | €57,945 | +€883 | +1.5% |
| Other operating charges | 640/8 | €3,155 | €1,846 | -€1,309 | -41.5% |
| Non-recurring operating charges | 66A | - | €2,300 | +€2,300 | |
| Gross operating margin | 9900 | €289,526 | €249,022 | -€40,504 | -14.0% |
| Operating profit (loss) | 9901 | €72,321 | -€8,706 | -€81,028 | |
| Financial income | 75/76B | €1,744 | €1,129 | -€615 | -35.3% |
| Recurring financial income | 75 | €1,744 | €1,129 | -€615 | -35.3% |
| Financial charges | 65/66B | €17,272 | €21,108 | +€3,836 | +22.2% |
| Recurring financial charges | 65 | €17,272 | €21,108 | +€3,836 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €56,793 | -€28,686 | -€85,479 | |
| Income taxes | 67/77 | €70 | €177 | +€107 | +152% |
| Profit (loss) for the period | 9904 | €56,723 | -€28,863 | -€85,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,723 | -€28,863 | -€85,586 |
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 18 October 2026 via checked.be.