TTC EUROPE: what changed
TTC EUROPE
Largest movements
- Tangible fixed assets -€4,559
down €4,559 (-7.9%), from €57,835 to €53,276
of which Leasing and similar rights: -€13,000
- Receivables within one year -€3,544
down €3,544 (-67.8%), from €5,224 to €1,680
of which Trade receivables: -€2,819
- Cash -€2,121
down €2,121 (-99.5%), from €2,132 to €11
mainly Debts after one year (-€12,224) and Investment in fixed assets (net) (-€11,400)
- Debts after one year -€12,224
down €12,224 (-35.5%), from €34,410 to €22,187
- Trade debts -€3,181
down €3,181 (-92.2%), from €3,450 to €269
- Profit (loss) carried forward +€3,061
up €3,061 (+40.7%), from -€7,524 to -€4,463
- Other debts +€1,249
up €1,249 (+14.7%), from €8,501 to €9,750
- Current portion of long-term debt +€870
up €870 (+7.7%), from €11,353 to €12,224
- Gross operating margin +€18,009
up €18,009 (+402%), from €4,478 to €22,488
- Depreciation +€6,728
up €6,728 (+72.9%), from €9,231 to €15,959
- Financial charges +€1,130
up €1,130 (+53.6%), from €2,109 to €3,239
- Staff costs -€361
no longer reported in 2024 (was €361)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,191 | €54,967 | -€10,224 | -15.7% |
| Fixed assets | 21/28 | €57,835 | €53,276 | -€4,559 | -7.9% |
| Tangible fixed assets | 22/27 | €57,835 | €53,276 | -€4,559 | -7.9% |
| Furniture and vehicles | 24 | - | €8,441 | +€8,441 | |
| Leasing and similar rights | 25 | €57,835 | €44,835 | -€13,000 | -22.5% |
| Current assets | 29/58 | €7,356 | €1,691 | -€5,665 | -77.0% |
| Amounts receivable within one year | 40/41 | €5,224 | €1,680 | -€3,544 | -67.8% |
| Trade receivables | 40 | €3,450 | €631 | -€2,819 | -81.7% |
| Other amounts receivable | 41 | €1,774 | €1,050 | -€724 | -40.8% |
| Cash at bank and in hand | 54/58 | €2,132 | €11 | -€2,121 | -99.5% |
| Total equity and liabilities | 10/49 | €65,191 | €54,967 | -€10,224 | -15.7% |
| Equity | 10/15 | €7,476 | €10,537 | +€3,061 | +40.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,524 | -€4,463 | +€3,061 | +40.7% |
| Amounts payable | 17/49 | €57,715 | €44,430 | -€13,285 | -23.0% |
| Amounts payable after more than one year | 17 | €34,410 | €22,187 | -€12,224 | -35.5% |
| Financial debts | 170/4 | €34,410 | €22,187 | -€12,224 | -35.5% |
| Amounts payable within one year | 42/48 | €23,305 | €22,243 | -€1,061 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €11,353 | €12,224 | +€870 | +7.7% |
| Trade debts | 44 | €3,450 | €269 | -€3,181 | -92.2% |
| Suppliers | 440/4 | €3,450 | €269 | -€3,181 | -92.2% |
| Other amounts payable | 47/48 | €8,501 | €9,750 | +€1,249 | +14.7% |
| Remuneration, social security and pensions | 62 | €361 | - | -€361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,231 | €15,959 | +€6,728 | +72.9% |
| Other operating charges | 640/8 | €302 | €229 | -€73 | -24.1% |
| Gross operating margin | 9900 | €4,478 | €22,488 | +€18,009 | +402% |
| Operating profit (loss) | 9901 | -€5,415 | €6,300 | +€11,715 | |
| Financial charges | 65/66B | €2,109 | €3,239 | +€1,130 | +53.6% |
| Recurring financial charges | 65 | €2,109 | €3,239 | +€1,130 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,524 | €3,061 | +€10,585 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,524 | €3,061 | +€10,585 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,524 | €3,061 | +€10,585 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.