TTG: 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.
TTG
Largest movements
- Cash +€21,405
up €21,405 (+6.6%), from €324,691 to €346,096
mainly Net result for the year (+€78,888) and Other debts (+€74,133)
- Deferred charges and accrued income +€21,012
up €21,012 (+309.3%), from €6,795 to €27,807
- Tangible fixed assets +€20,324
up €20,324 (+25.2%), from €80,623 to €100,947
of which Other tangible fixed assets: +€20,767
- Stocks and contracts -€13,655
down €13,655 (-7.9%), from €173,477 to €159,822
- Other debts +€74,133
up €74,133 (+114.0%), from €65,048 to €139,181
- Tax, wage and social debts +€36,963
up €36,963 (+40.4%), from €91,488 to €128,450
of which Taxes: +€24,409
- Trade debts -€23,890
down €23,890 (-9.6%), from €249,357 to €225,467
- Profit (loss) carried forward -€21,112
down €21,112 (-21.1%), from €99,943 to €78,831
- Current portion of long-term debt -€17,958
down €17,958 (-83.7%), from €21,464 to €3,506
- Gross operating margin -€33,638
down €33,638 (-4.7%), from €711,507 to €677,869
- Depreciation +€15,951
up €15,951 (+115.9%), from €13,768 to €29,719
- Taxes -€10,869
down €10,869 (-32.0%), from €33,964 to €23,095
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 | €682,545 | €732,608 | +€50,062 | +7.3% |
| Fixed assets | 21/28 | €80,623 | €103,032 | +€22,409 | +27.8% |
| Tangible fixed assets | 22/27 | €80,623 | €100,947 | +€20,324 | +25.2% |
| Plant, machinery and equipment | 23 | €34,931 | €34,796 | -€135 | -0.4% |
| Furniture and vehicles | 24 | €8,629 | €8,322 | -€308 | -3.6% |
| Other tangible fixed assets | 26 | €37,062 | €57,829 | +€20,767 | +56.0% |
| Financial fixed assets | 28 | - | €2,085 | +€2,085 | |
| Current assets | 29/58 | €601,923 | €629,576 | +€27,653 | +4.6% |
| Stocks and contracts in progress | 3 | €173,477 | €159,822 | -€13,655 | -7.9% |
| Stocks | 30/36 | €173,477 | €159,822 | -€13,655 | -7.9% |
| Amounts receivable within one year | 40/41 | €96,960 | €95,851 | -€1,109 | -1.1% |
| Trade receivables | 40 | €89,394 | €74,793 | -€14,601 | -16.3% |
| Other amounts receivable | 41 | €7,566 | €21,058 | +€13,492 | +178.3% |
| Cash at bank and in hand | 54/58 | €324,691 | €346,096 | +€21,405 | +6.6% |
| Deferred charges and accrued income | 490/1 | €6,795 | €27,807 | +€21,012 | +309.3% |
| Total equity and liabilities | 10/49 | €682,545 | €732,608 | +€50,062 | +7.3% |
| Equity | 10/15 | €251,683 | €225,572 | -€26,112 | -10.4% |
| Contributions | 10/11 | €81,250 | €80,000 | -€1,250 | -1.5% |
| Reserves | 13 | €70,491 | €66,741 | -€3,750 | -5.3% |
| Tax-exempt reserves | 132 | €65,491 | €65,491 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €1,250 | -€3,750 | -75.0% |
| Profit (loss) carried forward | 14 | €99,943 | €78,831 | -€21,112 | -21.1% |
| Amounts payable | 17/49 | €430,862 | €507,036 | +€76,174 | +17.7% |
| Amounts payable after more than one year | 17 | €3,506 | - | -€3,506 | |
| Financial debts | 170/4 | €3,506 | - | -€3,506 | |
| Amounts payable within one year | 42/48 | €427,356 | €496,604 | +€69,248 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €21,464 | €3,506 | -€17,958 | -83.7% |
| Trade debts | 44 | €249,357 | €225,467 | -€23,890 | -9.6% |
| Suppliers | 440/4 | €249,357 | €225,467 | -€23,890 | -9.6% |
| Taxes, remuneration and social security | 45 | €91,488 | €128,450 | +€36,963 | +40.4% |
| Taxes | 450/3 | €27,702 | €52,111 | +€24,409 | +88.1% |
| Remuneration and social security | 454/9 | €63,786 | €76,339 | +€12,553 | +19.7% |
| Other amounts payable | 47/48 | €65,048 | €139,181 | +€74,133 | +114.0% |
| Accrued charges and deferred income | 492/3 | - | €10,432 | +€10,432 | |
| Remuneration, social security and pensions | 62 | €543,136 | €541,287 | -€1,849 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,768 | €29,719 | +€15,951 | +115.9% |
| Other operating charges | 640/8 | €2,998 | €2,840 | -€158 | -5.3% |
| Gross operating margin | 9900 | €711,507 | €677,869 | -€33,638 | -4.7% |
| Operating profit (loss) | 9901 | €151,605 | €104,022 | -€47,583 | -31.4% |
| Financial income | 75/76B | €3,438 | €4,908 | +€1,470 | +42.7% |
| Recurring financial income | 75 | €3,438 | €4,908 | +€1,470 | +42.7% |
| Financial charges | 65/66B | €9,614 | €6,947 | -€2,668 | -27.7% |
| Recurring financial charges | 65 | €9,614 | €6,947 | -€2,668 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €145,429 | €101,984 | -€43,445 | -29.9% |
| Income taxes | 67/77 | €33,964 | €23,095 | -€10,869 | -32.0% |
| Profit (loss) for the period | 9904 | €111,465 | €78,888 | -€32,577 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,465 | €78,888 | -€32,577 | -29.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.