TT SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Cash -€188,357
down €188,357 (-26.5%), from €710,185 to €521,828
mainly Stocks and contracts (-€179,022) and Debts after one year (-€63,919)
- Stocks and contracts +€179,022
up €179,022 (+23.4%), from €763,728 to €942,750
- Tangible fixed assets -€20,469
down €20,469 (-35.9%), from €57,036 to €36,567
of which Furniture and vehicles: -€19,420
- Profit (loss) carried forward +€73,416
up €73,416 (+62.8%), from -€116,917 to -€43,501
- Debts after one year -€63,919
down €63,919 (-7.7%), from €834,041 to €770,121
of which Financial debts: -€43,919
- Other debts -€20,184
down €20,184 (-80.0%), from €25,240 to €5,056
- Gross operating margin +€161,672
up €161,672 (+4118.1%), from €3,926 to €165,598
- Financial charges +€28,736
up €28,736 (+72.2%), from €39,778 to €68,514
- Depreciation +€10,196
up €10,196 (+99.2%), from €10,273 to €20,469
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,552,350 | €1,528,535 | -€23,815 | -1.5% |
| Fixed assets | 21/28 | €57,036 | €36,567 | -€20,469 | -35.9% |
| Tangible fixed assets | 22/27 | €57,036 | €36,567 | -€20,469 | -35.9% |
| Plant, machinery and equipment | 23 | €2,056 | €1,008 | -€1,048 | -51.0% |
| Furniture and vehicles | 24 | €54,979 | €35,559 | -€19,420 | -35.3% |
| Current assets | 29/58 | €1,495,315 | €1,491,968 | -€3,346 | -0.2% |
| Stocks and contracts in progress | 3 | €763,728 | €942,750 | +€179,022 | +23.4% |
| Stocks | 30/36 | €763,728 | €942,750 | +€179,022 | +23.4% |
| Amounts receivable within one year | 40/41 | €4,126 | €7,212 | +€3,086 | +74.8% |
| Trade receivables | 40 | €4,126 | - | -€4,126 | |
| Other amounts receivable | 41 | - | €7,212 | +€7,212 | |
| Cash at bank and in hand | 54/58 | €710,185 | €521,828 | -€188,357 | -26.5% |
| Deferred charges and accrued income | 490/1 | €17,276 | €20,178 | +€2,903 | +16.8% |
| Total equity and liabilities | 10/49 | €1,552,350 | €1,528,535 | -€23,815 | -1.5% |
| Equity | 10/15 | €111,424 | €184,840 | +€73,416 | +65.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €166,341 | €166,341 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €160,141 | €160,141 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,917 | -€43,501 | +€73,416 | +62.8% |
| Amounts payable | 17/49 | €1,440,926 | €1,343,696 | -€97,231 | -6.7% |
| Amounts payable after more than one year | 17 | €834,041 | €770,121 | -€63,919 | -7.7% |
| Financial debts | 170/4 | €444,041 | €400,121 | -€43,919 | -9.9% |
| Other amounts payable | 178/9 | €390,000 | €370,000 | -€20,000 | -5.1% |
| Amounts payable within one year | 42/48 | €585,793 | €553,189 | -€32,605 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €42,241 | €43,919 | +€1,679 | +4.0% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €1,644 | €1,322 | -€322 | -19.6% |
| Suppliers | 440/4 | €1,644 | €1,322 | -€322 | -19.6% |
| Taxes, remuneration and social security | 45 | €16,669 | €2,892 | -€13,777 | -82.7% |
| Taxes | 450/3 | €16,669 | €2,892 | -€13,777 | -82.7% |
| Other amounts payable | 47/48 | €25,240 | €5,056 | -€20,184 | -80.0% |
| Accrued charges and deferred income | 492/3 | €21,092 | €20,385 | -€706 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,273 | €20,469 | +€10,196 | +99.2% |
| Other operating charges | 640/8 | €1,969 | €2,780 | +€810 | +41.1% |
| Gross operating margin | 9900 | €3,926 | €165,598 | +€161,672 | +4118.1% |
| Operating profit (loss) | 9901 | -€8,316 | €142,350 | +€150,666 | |
| Financial charges | 65/66B | €39,778 | €68,514 | +€28,736 | +72.2% |
| Recurring financial charges | 65 | €39,778 | €68,514 | +€28,736 | +72.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,094 | €73,836 | +€121,930 | |
| Income taxes | 67/77 | €258 | €420 | +€162 | +62.5% |
| Profit (loss) for the period | 9904 | -€48,353 | €73,416 | +€121,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,353 | €73,416 | +€121,768 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.