TTC management: 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.
TTC management
Largest movements
- Tangible fixed assets -€55,819
down €55,819 (-19.9%), from €280,684 to €224,865
of which Furniture and vehicles: -€35,591
- Stocks and contracts -€39,715
down €39,715 (-100%), from €39,715 to €0
- Cash -€13,582
down €13,582 (-24.4%), from €55,774 to €42,191
mainly Debts after one year (-€141,824) and Net result for the year (-€75,702)
- Other debts +€149,662
up €149,662 (+527%), from €28,374 to €178,036
- Debts after one year -€141,824
no longer reported in 2025 (was €141,824)
- Profit (loss) carried forward -€75,714
down €75,714, from €58,341 to -€17,373
- Short-term financial debts -€27,764
down €27,764 (-93.9%), from €29,564 to €1,800
- Tax, wage and social debts -€8,487
down €8,487 (-72.4%), from €11,716 to €3,229
- Depreciation +€36,577
up €36,577 (+190%), from €19,242 to €55,819
- Gross operating margin -€35,492
down €35,492, from €30,329 to -€5,163
- Financial charges +€5,130
up €5,130 (+90.6%), from €5,664 to €10,794
- Taxes -€4,721
down €4,721 (-95.8%), from €4,928 to €206
- Financial income -€781
down €781 (-54.7%), from €1,429 to €647
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 | €378,488 | €268,858 | -€109,631 | -29.0% |
| Fixed assets | 21/28 | €280,684 | €224,865 | -€55,819 | -19.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €280,684 | €224,865 | -€55,819 | -19.9% |
| Land and buildings | 22 | €171,764 | €155,401 | -€16,363 | -9.5% |
| Plant, machinery and equipment | 23 | €1,902 | €1,087 | -€815 | -42.9% |
| Furniture and vehicles | 24 | €95,408 | €59,817 | -€35,591 | -37.3% |
| Other tangible fixed assets | 26 | €11,610 | €8,560 | -€3,050 | -26.3% |
| Current assets | 29/58 | €97,805 | €43,993 | -€53,812 | -55.0% |
| Stocks and contracts in progress | 3 | €39,715 | €0 | -€39,715 | -100% |
| Stocks | 30/36 | €39,715 | €0 | -€39,715 | -100% |
| Amounts receivable within one year | 40/41 | €2,139 | €1,802 | -€337 | -15.8% |
| Trade receivables | 40 | €2,139 | €1,802 | -€337 | -15.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €55,774 | €42,191 | -€13,582 | -24.4% |
| Deferred charges and accrued income | 490/1 | €177 | €0 | -€177 | -100% |
| Total equity and liabilities | 10/49 | €378,488 | €268,858 | -€109,631 | -29.0% |
| Equity | 10/15 | €160,091 | €84,377 | -€75,714 | -47.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,550 | €95,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €95,550 | €95,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,341 | -€17,373 | -€75,714 | |
| Amounts payable | 17/49 | €218,397 | €184,480 | -€33,917 | -15.5% |
| Amounts payable after more than one year | 17 | €141,824 | - | -€141,824 | |
| Financial debts | 170/4 | €141,824 | - | -€141,824 | |
| Amounts payable within one year | 42/48 | €76,465 | €184,480 | +€108,015 | +141% |
| Financial debts | 43 | €29,564 | €1,800 | -€27,764 | -93.9% |
| Credit institutions | 430/8 | €29,564 | €1,800 | -€27,764 | -93.9% |
| Trade debts | 44 | €6,811 | €1,415 | -€5,396 | -79.2% |
| Suppliers | 440/4 | €6,811 | €1,415 | -€5,396 | -79.2% |
| Taxes, remuneration and social security | 45 | €11,716 | €3,229 | -€8,487 | -72.4% |
| Taxes | 450/3 | €11,716 | €3,229 | -€8,487 | -72.4% |
| Other amounts payable | 47/48 | €28,374 | €178,036 | +€149,662 | +527% |
| Accrued charges and deferred income | 492/3 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,242 | €55,819 | +€36,577 | +190% |
| Other operating charges | 640/8 | €4,940 | €4,366 | -€574 | -11.6% |
| Gross operating margin | 9900 | €30,329 | -€5,163 | -€35,492 | |
| Operating profit (loss) | 9901 | €6,148 | -€65,348 | -€71,496 | |
| Financial income | 75/76B | €1,429 | €647 | -€781 | -54.7% |
| Recurring financial income | 75 | €1,429 | €647 | -€781 | -54.7% |
| Financial charges | 65/66B | €5,664 | €10,794 | +€5,130 | +90.6% |
| Recurring financial charges | 65 | €5,664 | €10,794 | +€5,130 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €1,912 | -€75,495 | -€77,407 | |
| Income taxes | 67/77 | €4,928 | €206 | -€4,721 | -95.8% |
| Profit (loss) for the period | 9904 | -€3,016 | -€75,702 | -€72,686 | -2,410% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,016 | -€75,702 | -€72,686 | -2,410% |
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 23 October 2026 via checked.be.