TT20: 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.
TT20
Largest movements
- Receivables within one year -€69,730
down €69,730 (-39.5%), from €176,725 to €106,994
of which Trade receivables: -€79,824
- Deferred charges and accrued income +€13,322
up €13,322 (+62.6%), from €21,278 to €34,600
- Tangible fixed assets +€3,421
up €3,421 (+57.7%), from €5,927 to €9,347
- Profit (loss) carried forward -€33,093
down €33,093, from €23,861 to -€9,232
- Tax, wage and social debts -€30,159
down €30,159 (-32.1%), from €94,097 to €63,938
of which Remuneration and social security: -€23,892
- Trade debts -€27,849
down €27,849 (-55.0%), from €50,620 to €22,770
- Reserves +€23,861
up €23,861 (+131.3%), from €18,171 to €42,031
- Debts after one year +€15,000
up €15,000 (+100.0%), from €15,000 to €30,000
- Staff costs +€27,545
up €27,545 (+15.5%), from €178,105 to €205,651
- Gross operating margin -€16,092
down €16,092 (-7.3%), from €220,008 to €203,916
- Taxes -€8,984
down €8,984 (-86.1%), from €10,440 to €1,456
- Other operating charges -€2,831
down €2,831 (-55.4%), from €5,113 to €2,282
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 | €215,748 | €163,817 | -€51,931 | -24.1% |
| Fixed assets | 21/28 | €6,962 | €10,382 | +€3,421 | +49.1% |
| Tangible fixed assets | 22/27 | €5,927 | €9,347 | +€3,421 | +57.7% |
| Furniture and vehicles | 24 | €5,927 | €9,347 | +€3,421 | +57.7% |
| Financial fixed assets | 28 | €1,035 | €1,035 | = | 0.0% |
| Current assets | 29/58 | €208,786 | €153,435 | -€55,352 | -26.5% |
| Amounts receivable within one year | 40/41 | €176,725 | €106,994 | -€69,730 | -39.5% |
| Trade receivables | 40 | €175,480 | €95,656 | -€79,824 | -45.5% |
| Other amounts receivable | 41 | €1,244 | €11,338 | +€10,094 | +811.1% |
| Cash at bank and in hand | 54/58 | €10,784 | €11,840 | +€1,056 | +9.8% |
| Deferred charges and accrued income | 490/1 | €21,278 | €34,600 | +€13,322 | +62.6% |
| Total equity and liabilities | 10/49 | €215,748 | €163,817 | -€51,931 | -24.1% |
| Equity | 10/15 | €56,031 | €46,799 | -€9,232 | -16.5% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €18,171 | €42,031 | +€23,861 | +131.3% |
| Distributable reserves | 133 | €18,171 | €42,031 | +€23,861 | +131.3% |
| Profit (loss) carried forward | 14 | €23,861 | -€9,232 | -€33,093 | |
| Amounts payable | 17/49 | €159,716 | €117,018 | -€42,699 | -26.7% |
| Amounts payable after more than one year | 17 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Financial debts | 170/4 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Amounts payable within one year | 42/48 | €144,716 | €86,708 | -€58,008 | -40.1% |
| Trade debts | 44 | €50,620 | €22,770 | -€27,849 | -55.0% |
| Suppliers | 440/4 | €50,620 | €22,770 | -€27,849 | -55.0% |
| Taxes, remuneration and social security | 45 | €94,097 | €63,938 | -€30,159 | -32.1% |
| Taxes | 450/3 | €43,148 | €36,881 | -€6,267 | -14.5% |
| Remuneration and social security | 454/9 | €50,949 | €27,056 | -€23,892 | -46.9% |
| Accrued charges and deferred income | 492/3 | - | €309 | +€309 | |
| Remuneration, social security and pensions | 62 | €178,105 | €205,651 | +€27,545 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,082 | €2,621 | +€1,540 | +142.4% |
| Other operating charges | 640/8 | €5,113 | €2,282 | -€2,831 | -55.4% |
| Gross operating margin | 9900 | €220,008 | €203,916 | -€16,092 | -7.3% |
| Operating profit (loss) | 9901 | €35,707 | -€6,639 | -€42,346 | |
| Financial income | 75/76B | - | €1,444 | +€1,444 | |
| Recurring financial income | 75 | - | €1,444 | +€1,444 | |
| Financial charges | 65/66B | €1,407 | €2,582 | +€1,175 | +83.5% |
| Recurring financial charges | 65 | €1,407 | €2,582 | +€1,175 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €34,300 | -€7,777 | -€42,077 | |
| Income taxes | 67/77 | €10,440 | €1,456 | -€8,984 | -86.1% |
| Profit (loss) for the period | 9904 | €23,861 | -€9,232 | -€33,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,861 | -€9,232 | -€33,093 |
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.