TT-TECHNICS: what changed
What changed
TT-TECHNICS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€6,998
2024 · €39,742-€46,740
Equity
€295,059
2024 · €302,057-€6,998
Cash
€71,592
2024 · €77,635-€6,043
Balance sheet total
€648,800
2024 · €706,074-€57,274
Largest movements
Assets
- Tangible fixed assets -€73,122
down €73,122 (-16.8%), from €436,184 to €363,063
of which Furniture and vehicles: -€62,732
- Receivables within one year +€38,800
up €38,800 (+31.8%), from €122,151 to €160,951
of which Trade receivables: +€44,545
- Stocks and contracts -€23,421
down €23,421 (-36.9%), from €63,437 to €40,016
of which Contracts in progress: -€22,319
Equity and liabilities
- Debts after one year -€48,641
down €48,641 (-15.8%), from €306,971 to €258,331
Income statement
- Gross operating margin -€100,988
down €100,988 (-44.6%), from €226,510 to €125,522
- Depreciation -€27,335
down €27,335 (-34.1%), from €80,055 to €52,720
- Staff costs -€19,645
down €19,645 (-24.6%), from €79,930 to €60,285
- Taxes -€9,236
down €9,236 (-84.4%), from €10,945 to €1,709
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.
Result 2024
€39,742
Gross operating margin
-€100,988
Staff costs
+€19,645
Depreciation
+€27,335
Other operating charges
-€1,409
Financial income
-€5
Financial charges
-€554
Taxes
+€9,236
Result 2025
-€6,998
raises the resultlowers the result
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.
From operations
+€27,892
Investment
+€20,511
Financing
-€54,446
Cash 2024
€77,635
From operations (derived)
+€27,892
Net result for the year
-€6,998
Depreciation
+€52,720
Stocks and contracts
+€23,421
Receivables within one year
-€38,800
Deferred charges and accrued income
-€6,620
Trade debts
+€4,851
Tax, wage and social debts
+€4,413
Other debts
-€5,095
Investment (derived)
+€20,511
Investment in fixed assets (net)
+€20,511
Financing
-€54,446
Debts after one year
-€48,641
Current portion of long-term debt
-€5,786
Short-term financial debts
-€19
Cash 2025
€71,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €706,074 | €648,800 | -€57,274 | -8.1% |
| Fixed assets | 21/28 | €436,293 | €363,063 | -€73,231 | -16.8% |
| Intangible fixed assets | 21 | €109 | - | -€109 | |
| Tangible fixed assets | 22/27 | €436,184 | €363,063 | -€73,122 | -16.8% |
| Land and buildings | 22 | €319,270 | €309,265 | -€10,005 | -3.1% |
| Plant, machinery and equipment | 23 | €17,386 | €17,648 | +€262 | +1.5% |
| Furniture and vehicles | 24 | €95,208 | €32,476 | -€62,732 | -65.9% |
| Other tangible fixed assets | 26 | €4,320 | €3,674 | -€646 | -15.0% |
| Current assets | 29/58 | €269,781 | €285,738 | +€15,957 | +5.9% |
| Stocks and contracts in progress | 3 | €63,437 | €40,016 | -€23,421 | -36.9% |
| Stocks | 30/36 | €36,240 | €35,139 | -€1,101 | -3.0% |
| Contracts in progress | 37 | €27,196 | €4,877 | -€22,319 | -82.1% |
| Amounts receivable within one year | 40/41 | €122,151 | €160,951 | +€38,800 | +31.8% |
| Trade receivables | 40 | €91,505 | €136,051 | +€44,545 | +48.7% |
| Other amounts receivable | 41 | €30,645 | €24,900 | -€5,745 | -18.7% |
| Cash at bank and in hand | 54/58 | €77,635 | €71,592 | -€6,043 | -7.8% |
| Deferred charges and accrued income | 490/1 | €6,558 | €13,178 | +€6,620 | +101% |
| Total equity and liabilities | 10/49 | €706,074 | €648,800 | -€57,274 | -8.1% |
| Equity | 10/15 | €302,057 | €295,059 | -€6,998 | -2.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €292,057 | €292,057 | = | 0.0% |
| Distributable reserves | 133 | €292,057 | €292,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,998 | -€6,998 | |
| Amounts payable | 17/49 | €404,017 | €353,741 | -€50,276 | -12.4% |
| Amounts payable after more than one year | 17 | €306,971 | €258,331 | -€48,641 | -15.8% |
| Financial debts | 170/4 | €306,971 | €258,331 | -€48,641 | -15.8% |
| Amounts payable within one year | 42/48 | €97,046 | €95,410 | -€1,635 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €54,427 | €48,641 | -€5,786 | -10.6% |
| Financial debts | 43 | €5,082 | €5,063 | -€19 | -0.4% |
| Credit institutions | 430/8 | €5,082 | €5,063 | -€19 | -0.4% |
| Trade debts | 44 | €16,265 | €21,116 | +€4,851 | +29.8% |
| Suppliers | 440/4 | €16,265 | €21,116 | +€4,851 | +29.8% |
| Taxes, remuneration and social security | 45 | €2,090 | €6,503 | +€4,413 | +211% |
| Remuneration and social security | 454/9 | €2,090 | €6,503 | +€4,413 | +211% |
| Other amounts payable | 47/48 | €19,182 | €14,088 | -€5,095 | -26.6% |
| Non-recurring operating income | 76A | - | €644 | +€644 | |
| Remuneration, social security and pensions | 62 | €79,930 | €60,285 | -€19,645 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,055 | €52,720 | -€27,335 | -34.1% |
| Other operating charges | 640/8 | €1,616 | €3,025 | +€1,409 | +87.2% |
| Gross operating margin | 9900 | €226,510 | €125,522 | -€100,988 | -44.6% |
| Operating profit (loss) | 9901 | €64,909 | €9,492 | -€55,417 | -85.4% |
| Financial income | 75/76B | €9 | €4 | -€5 | -58.0% |
| Recurring financial income | 75 | €9 | €4 | -€5 | -58.0% |
| Financial charges | 65/66B | €14,231 | €14,785 | +€554 | +3.9% |
| Recurring financial charges | 65 | €14,231 | €14,785 | +€554 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €50,687 | -€5,289 | -€55,976 | |
| Income taxes | 67/77 | €10,945 | €1,709 | -€9,236 | -84.4% |
| Profit (loss) for the period | 9904 | €39,742 | -€6,998 | -€46,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,742 | -€6,998 | -€46,740 |
Next steps
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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 6 November 2026 via checked.be.