TT2000: 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.
TT2000
Largest movements
- Receivables within one year -€21,267
down €21,267 (-54.5%), from €39,034 to €17,768
of which Other amounts receivable: -€29,377
- Cash -€18,311
down €18,311 (-44.3%), from €41,348 to €23,038
mainly Trade debts (-€77,719) and Investment in fixed assets (net) (-€10,413)
- Intangible fixed assets -€10,200
down €10,200 (-18.0%), from €56,564 to €46,364
- Trade debts -€77,719
down €77,719 (-23.1%), from €337,097 to €259,378
- Reserves +€25,000
up €25,000 (+125.0%), from €20,000 to €45,000
- Tax, wage and social debts +€12,538
up €12,538 (+57.5%), from €21,820 to €34,358
of which Taxes: +€9,059
- Debts after one year -€6,742
down €6,742 (-17.5%), from €38,415 to €31,673
- Gross operating margin +€63,100
up €63,100 (+53.2%), from €118,547 to €181,646
- Staff costs +€39,357
up €39,357 (+56.0%), from €70,333 to €109,690
- Financial charges +€8,977
up €8,977 (+157.7%), from €5,692 to €14,669
- Depreciation +€4,123
up €4,123 (+36.5%), from €11,296 to €15,419
- Taxes +€2,826
up €2,826 (+33.1%), from €8,536 to €11,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €534,025 | €488,918 | -€45,107 | -8.4% |
| Fixed assets | 21/28 | €77,318 | €72,313 | -€5,005 | -6.5% |
| Intangible fixed assets | 21 | €56,564 | €46,364 | -€10,200 | -18.0% |
| Tangible fixed assets | 22/27 | €13,974 | €19,169 | +€5,195 | +37.2% |
| Plant, machinery and equipment | 23 | - | €5,956 | +€5,956 | |
| Furniture and vehicles | 24 | €13,974 | €13,214 | -€761 | -5.4% |
| Financial fixed assets | 28 | €6,780 | €6,780 | = | 0.0% |
| Current assets | 29/58 | €456,707 | €416,605 | -€40,102 | -8.8% |
| Stocks and contracts in progress | 3 | €376,316 | €375,720 | -€596 | -0.2% |
| Stocks | 30/36 | €376,316 | €375,720 | -€596 | -0.2% |
| Amounts receivable within one year | 40/41 | €39,034 | €17,768 | -€21,267 | -54.5% |
| Trade receivables | 40 | €9,657 | €17,768 | +€8,110 | +84.0% |
| Other amounts receivable | 41 | €29,377 | - | -€29,377 | |
| Cash at bank and in hand | 54/58 | €41,348 | €23,038 | -€18,311 | -44.3% |
| Deferred charges and accrued income | 490/1 | €7 | €79 | +€72 | +969.7% |
| Total equity and liabilities | 10/49 | €534,025 | €488,918 | -€45,107 | -8.4% |
| Equity | 10/15 | €31,078 | €60,709 | +€29,631 | +95.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €45,000 | +€25,000 | +125.0% |
| Distributable reserves | 133 | €20,000 | €45,000 | +€25,000 | +125.0% |
| Profit (loss) carried forward | 14 | €1,078 | €5,709 | +€4,631 | +429.7% |
| Amounts payable | 17/49 | €502,947 | €428,209 | -€74,738 | -14.9% |
| Amounts payable after more than one year | 17 | €38,415 | €31,673 | -€6,742 | -17.5% |
| Financial debts | 170/4 | €38,415 | €31,673 | -€6,742 | -17.5% |
| Amounts payable within one year | 42/48 | €464,237 | €396,536 | -€67,701 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €6,433 | €6,742 | +€308 | +4.8% |
| Trade debts | 44 | €337,097 | €259,378 | -€77,719 | -23.1% |
| Suppliers | 440/4 | €337,097 | €259,378 | -€77,719 | -23.1% |
| Advances received on contracts in progress | 46 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,820 | €34,358 | +€12,538 | +57.5% |
| Taxes | 450/3 | €10,823 | €19,882 | +€9,059 | +83.7% |
| Remuneration and social security | 454/9 | €10,997 | €14,476 | +€3,479 | +31.6% |
| Other amounts payable | 47/48 | €95,887 | €93,059 | -€2,828 | -2.9% |
| Accrued charges and deferred income | 492/3 | €295 | - | -€295 | |
| Remuneration, social security and pensions | 62 | €70,333 | €109,690 | +€39,357 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,296 | €15,419 | +€4,123 | +36.5% |
| Other operating charges | 640/8 | €1,636 | €1,010 | -€626 | -38.3% |
| Gross operating margin | 9900 | €118,547 | €181,646 | +€63,100 | +53.2% |
| Operating profit (loss) | 9901 | €35,282 | €55,528 | +€20,246 | +57.4% |
| Financial income | 75/76B | €23 | €135 | +€111 | +476.4% |
| Recurring financial income | 75 | €23 | €135 | +€111 | +476.4% |
| Financial charges | 65/66B | €5,692 | €14,669 | +€8,977 | +157.7% |
| Recurring financial charges | 65 | €5,692 | €14,669 | +€8,977 | +157.7% |
| Profit (loss) for the period before taxes | 9903 | €29,613 | €40,993 | +€11,380 | +38.4% |
| Income taxes | 67/77 | €8,536 | €11,362 | +€2,826 | +33.1% |
| Profit (loss) for the period | 9904 | €21,078 | €29,631 | +€8,553 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,078 | €29,631 | +€8,553 | +40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.