TTB Demoitié & Piot: 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 Demoitié & Piot
Largest movements
- Receivables within one year -€34,699
down €34,699 (-25.9%), from €133,865 to €99,166
of which Trade receivables: -€38,933
- Cash +€33,739
up €33,739 (+1,305%), from €2,585 to €36,324
mainly Receivables within one year (+€34,699) and Stocks and contracts (+€11,912)
- Stocks and contracts -€11,912
down €11,912 (-63.6%), from €18,723 to €6,811
of which Contracts in progress: -€12,000
- Tangible fixed assets -€10,147
down €10,147 (-39.7%), from €25,582 to €15,435
of which Plant, machinery and equipment: -€8,718
- Trade debts -€23,978
down €23,978 (-41.3%), from €57,997 to €34,019
No income-statement line moved by more than 1% of the activity.
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 | €193,723 | €169,871 | -€23,852 | -12.3% |
| Fixed assets | 21/28 | €25,582 | €15,435 | -€10,147 | -39.7% |
| Tangible fixed assets | 22/27 | €25,582 | €15,435 | -€10,147 | -39.7% |
| Plant, machinery and equipment | 23 | €19,837 | €11,119 | -€8,718 | -43.9% |
| Furniture and vehicles | 24 | €5,745 | €4,316 | -€1,429 | -24.9% |
| Current assets | 29/58 | €168,141 | €154,436 | -€13,705 | -8.2% |
| Stocks and contracts in progress | 3 | €18,723 | €6,811 | -€11,912 | -63.6% |
| Stocks | 30/36 | €223 | €311 | +€88 | +39.3% |
| Contracts in progress | 37 | €18,500 | €6,500 | -€12,000 | -64.9% |
| Amounts receivable within one year | 40/41 | €133,865 | €99,166 | -€34,699 | -25.9% |
| Trade receivables | 40 | €126,580 | €87,646 | -€38,933 | -30.8% |
| Other amounts receivable | 41 | €7,286 | €11,520 | +€4,234 | +58.1% |
| Cash at bank and in hand | 54/58 | €2,585 | €36,324 | +€33,739 | +1,305% |
| Deferred charges and accrued income | 490/1 | €12,967 | €12,134 | -€833 | -6.4% |
| Total equity and liabilities | 10/49 | €193,723 | €169,871 | -€23,852 | -12.3% |
| Equity | 10/15 | €109,460 | €109,807 | +€347 | +0.3% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €8,591 | €8,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,250 | €2,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,341 | €6,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,369 | €78,717 | +€347 | +0.4% |
| Amounts payable | 17/49 | €84,263 | €60,064 | -€24,199 | -28.7% |
| Amounts payable within one year | 42/48 | €84,263 | €60,064 | -€24,199 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €685 | €0 | -€685 | -100% |
| Credit institutions | 430/8 | €685 | €0 | -€685 | -100% |
| Trade debts | 44 | €57,997 | €34,019 | -€23,978 | -41.3% |
| Suppliers | 440/4 | €57,997 | €34,019 | -€23,978 | -41.3% |
| Taxes, remuneration and social security | 45 | €15,131 | €15,027 | -€104 | -0.7% |
| Taxes | 450/3 | €666 | €345 | -€321 | -48.2% |
| Remuneration and social security | 454/9 | €14,466 | €14,683 | +€217 | +1.5% |
| Other amounts payable | 47/48 | €10,449 | €11,017 | +€568 | +5.4% |
| Remuneration, social security and pensions | 62 | €127,804 | €127,336 | -€469 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,946 | €11,619 | +€673 | +6.2% |
| Other operating charges | 640/8 | €1,723 | €1,210 | -€513 | -29.8% |
| Non-recurring operating charges | 66A | - | €430 | +€430 | |
| Gross operating margin | 9900 | €141,833 | €141,712 | -€121 | -0.1% |
| Operating profit (loss) | 9901 | €1,360 | €1,117 | -€243 | -17.9% |
| Financial income | 75/76B | €138 | €149 | +€11 | +7.6% |
| Recurring financial income | 75 | €138 | €149 | +€11 | +7.6% |
| Financial charges | 65/66B | €1,044 | €576 | -€467 | -44.8% |
| Recurring financial charges | 65 | €1,044 | €576 | -€467 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €455 | €689 | +€235 | +51.7% |
| Income taxes | 67/77 | €327 | €342 | +€15 | +4.7% |
| Profit (loss) for the period | 9904 | €128 | €347 | +€219 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €128 | €347 | +€219 | +172% |
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 31 October 2026 via checked.be.