TTC: 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.
TTC
Largest movements
- Receivables within one year -€182,077
down €182,077 (-32.6%), from €558,311 to €376,235
of which Other amounts receivable: -€222,448
- Cash -€102,216
down €102,216 (-98.1%), from €104,162 to €1,947
mainly Trade debts (-€213,454) and Tax, wage and social debts (-€114,784)
- Stocks and contracts -€79,060
down €79,060 (-23.5%), from €335,870 to €256,810
- Tangible fixed assets +€33,127
up €33,127 (+103.4%), from €32,032 to €65,159
of which Plant, machinery and equipment: +€37,234
- Trade debts -€213,454
down €213,454 (-52.3%), from €408,336 to €194,882
- Tax, wage and social debts -€114,784
down €114,784 (-62.6%), from €183,333 to €68,548
- Profit (loss) carried forward +€45,305
up €45,305 (+13.5%), from €335,834 to €381,139
- Advances received -€34,987
down €34,987 (-69.2%), from €50,537 to €15,550
- Gross operating margin +€77,428
up €77,428 (+85.2%), from €90,929 to €168,358
- Financial charges +€25,738
up €25,738 (+130.1%), from €19,777 to €45,515
of which Non-recurring financial charges: +€32,698
- Financial income -€11,199
down €11,199 (-99.9%), from €11,208 to €9
- Depreciation +€8,477
up €8,477 (+84.6%), from €10,015 to €18,492
- Taxes +€7,765
up €7,765 (+35.8%), from €21,702 to €29,467
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 | €1,030,376 | €700,150 | -€330,225 | -32.0% |
| Fixed assets | 21/28 | €32,032 | €65,159 | +€33,127 | +103.4% |
| Tangible fixed assets | 22/27 | €32,032 | €65,159 | +€33,127 | +103.4% |
| Plant, machinery and equipment | 23 | €19,497 | €56,731 | +€37,234 | +191.0% |
| Furniture and vehicles | 24 | €12,535 | €8,428 | -€4,107 | -32.8% |
| Current assets | 29/58 | €998,344 | €634,992 | -€363,352 | -36.4% |
| Stocks and contracts in progress | 3 | €335,870 | €256,810 | -€79,060 | -23.5% |
| Stocks | 30/36 | €335,870 | €256,810 | -€79,060 | -23.5% |
| Amounts receivable within one year | 40/41 | €558,311 | €376,235 | -€182,077 | -32.6% |
| Trade receivables | 40 | €326,500 | €366,871 | +€40,372 | +12.4% |
| Other amounts receivable | 41 | €231,812 | €9,363 | -€222,448 | -96.0% |
| Cash at bank and in hand | 54/58 | €104,162 | €1,947 | -€102,216 | -98.1% |
| Total equity and liabilities | 10/49 | €1,030,376 | €700,150 | -€330,225 | -32.0% |
| Equity | 10/15 | €350,094 | €395,399 | +€45,305 | +12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €335,834 | €381,139 | +€45,305 | +13.5% |
| Amounts payable | 17/49 | €680,282 | €304,752 | -€375,531 | -55.2% |
| Amounts payable after more than one year | 17 | €26,760 | €17,640 | -€9,120 | -34.1% |
| Financial debts | 170/4 | €26,760 | €17,640 | -€9,120 | -34.1% |
| Amounts payable within one year | 42/48 | €653,522 | €287,112 | -€366,411 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €11,316 | €8,131 | -€3,185 | -28.1% |
| Trade debts | 44 | €408,336 | €194,882 | -€213,454 | -52.3% |
| Suppliers | 440/4 | €408,336 | €194,882 | -€213,454 | -52.3% |
| Advances received on contracts in progress | 46 | €50,537 | €15,550 | -€34,987 | -69.2% |
| Taxes, remuneration and social security | 45 | €183,333 | €68,548 | -€114,784 | -62.6% |
| Taxes | 450/3 | €183,333 | €68,548 | -€114,784 | -62.6% |
| Remuneration, social security and pensions | 62 | - | €7,181 | +€7,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,015 | €18,492 | +€8,477 | +84.6% |
| Other operating charges | 640/8 | €16,430 | €22,407 | +€5,977 | +36.4% |
| Gross operating margin | 9900 | €90,929 | €168,358 | +€77,428 | +85.2% |
| Operating profit (loss) | 9901 | €64,483 | €120,277 | +€55,794 | +86.5% |
| Financial income | 75/76B | €11,208 | €9 | -€11,199 | -99.9% |
| Recurring financial income | 75 | €11,208 | €9 | -€11,199 | -99.9% |
| Financial charges | 65/66B | €19,777 | €45,515 | +€25,738 | +130.1% |
| Recurring financial charges | 65 | €13,913 | €6,953 | -€6,960 | -50.0% |
| Non-recurring financial charges | 66B | €5,863 | €38,562 | +€32,698 | +557.7% |
| Profit (loss) for the period before taxes | 9903 | €55,915 | €74,772 | +€18,856 | +33.7% |
| Income taxes | 67/77 | €21,702 | €29,467 | +€7,765 | +35.8% |
| Profit (loss) for the period | 9904 | €34,213 | €45,305 | +€11,092 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,213 | €45,305 | +€11,092 | +32.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.