TTB 21: 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.
TTB 21
Largest movements
- Receivables within one year -€7,351
down €7,351 (-53.4%), from €13,765 to €6,414
of which Trade receivables: -€7,191
- Cash -€6,838
down €6,838 (-92.4%), from €7,399 to €561
mainly Other debts (-€9,407) and Debts after one year (-€5,546)
- Tangible fixed assets -€6,624
down €6,624 (-26.6%), from €24,933 to €18,310
of which Furniture and vehicles: -€5,773
- Other debts -€9,407
down €9,407 (-49.0%), from €19,202 to €9,795
- Debts after one year -€5,546
down €5,546 (-33.8%), from €16,390 to €10,845
- Profit (loss) carried forward -€4,485
down €4,485 (-99.8%), from -€4,494 to -€8,980
- Tax, wage and social debts -€1,834
down €1,834 (-22.4%), from €8,201 to €6,367
- Gross operating margin +€14,170
up €14,170, from -€10,312 to €3,857
- Depreciation +€4,744
up €4,744 (+252%), from €1,879 to €6,624
- Financial charges +€595
up €595 (+165%), from €361 to €957
- Other operating charges +€285
up €285 (+62.8%), from €454 to €739
- Taxes -€147
down €147 (-50.5%), from €291 to €144
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 | €46,598 | €25,785 | -€20,813 | -44.7% |
| Fixed assets | 21/28 | €25,433 | €18,810 | -€6,624 | -26.0% |
| Tangible fixed assets | 22/27 | €24,933 | €18,310 | -€6,624 | -26.6% |
| Plant, machinery and equipment | 23 | €2,978 | €2,127 | -€851 | -28.6% |
| Furniture and vehicles | 24 | €21,955 | €16,183 | -€5,773 | -26.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €21,165 | €6,975 | -€14,190 | -67.0% |
| Amounts receivable within one year | 40/41 | €13,765 | €6,414 | -€7,351 | -53.4% |
| Trade receivables | 40 | €13,605 | €6,414 | -€7,191 | -52.9% |
| Other amounts receivable | 41 | €160 | - | -€160 | |
| Cash at bank and in hand | 54/58 | €7,399 | €561 | -€6,838 | -92.4% |
| Total equity and liabilities | 10/49 | €46,598 | €25,785 | -€20,813 | -44.7% |
| Equity | 10/15 | -€2,494 | -€6,980 | -€4,485 | -180% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,494 | -€8,980 | -€4,485 | -99.8% |
| Amounts payable | 17/49 | €49,093 | €32,764 | -€16,328 | -33.3% |
| Amounts payable after more than one year | 17 | €16,390 | €10,845 | -€5,546 | -33.8% |
| Financial debts | 170/4 | €16,390 | €10,845 | -€5,546 | -33.8% |
| Amounts payable within one year | 42/48 | €32,702 | €21,920 | -€10,783 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €5,299 | €5,546 | +€246 | +4.6% |
| Trade debts | 44 | - | €213 | +€213 | |
| Suppliers | 440/4 | - | €213 | +€213 | |
| Taxes, remuneration and social security | 45 | €8,201 | €6,367 | -€1,834 | -22.4% |
| Taxes | 450/3 | €8,201 | €6,367 | -€1,834 | -22.4% |
| Other amounts payable | 47/48 | €19,202 | €9,795 | -€9,407 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,879 | €6,624 | +€4,744 | +252% |
| Other operating charges | 640/8 | €454 | €739 | +€285 | +62.8% |
| Gross operating margin | 9900 | -€10,312 | €3,857 | +€14,170 | |
| Operating profit (loss) | 9901 | -€12,646 | -€3,506 | +€9,140 | +72.3% |
| Financial income | 75/76B | - | €121 | +€121 | |
| Recurring financial income | 75 | - | €121 | +€121 | |
| Financial charges | 65/66B | €361 | €957 | +€595 | +165% |
| Recurring financial charges | 65 | €361 | €957 | +€595 | +165% |
| Profit (loss) for the period before taxes | 9903 | -€13,007 | -€4,341 | +€8,666 | +66.6% |
| Income taxes | 67/77 | €291 | €144 | -€147 | -50.5% |
| Profit (loss) for the period | 9904 | -€13,298 | -€4,485 | +€8,813 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,298 | -€4,485 | +€8,813 | +66.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.