TTH INVEST: what changed
What changed
TTH INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€105,354
2024 · €13,234+€92,120
Equity
€130,354
2024 · €25,000+€105,354
Cash
€4,520
2024 · €27,540-€23,020
Balance sheet total
€1.8m
2024 · €164,310+€1.6m
Largest movements
Assets
- Financial fixed assets +€762,350
up €762,350 (+1,694%), from €45,000 to €807,350
- Receivables within one year +€519,566
up €519,566 (+968%), from €53,678 to €573,244
of which Other amounts receivable: +€429,506
- Tangible fixed assets +€356,354
new in 2025: €356,354
- Cash -€23,020
down €23,020 (-83.6%), from €27,540 to €4,520
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€519,566)
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+862%), from €131,465 to €1.3m
- Debts after one year +€305,712
new in 2025: €305,712
- Profit (loss) carried forward +€105,354
new in 2025: €105,354
- Tax, wage and social debts +€43,538
up €43,538 (+884%), from €4,924 to €48,462
- Current portion of long-term debt +€17,949
new in 2025: €17,949
Income statement
- Gross operating margin +€186,863
up €186,863 (+1,093%), from €17,096 to €203,959
- Depreciation +€58,245
new in 2025: €58,245
- Taxes +€35,974
up €35,974 (+1,031%), from €3,488 to €39,462
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,234
Gross operating margin
+€186,863
Depreciation
-€58,245
Other operating charges
-€7
Financial income
-€2
Financial charges
-€516
Taxes
-€35,974
Result 2025
€105,354
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€820,179
Investment
-€1.2m
Financing
+€333,750
Cash 2024
€27,540
From operations (derived)
+€820,179
Net result for the year
+€105,354
Depreciation
+€58,245
Receivables within one year
-€519,566
Smaller working-capital items
-€174
Tax, wage and social debts
+€43,538
Other debts
+€1.1m
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€333,750
Debts after one year
+€305,712
Current portion of long-term debt
+€17,949
Short-term financial debts
+€10,088
Cash 2025
€4,520
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,310 | €1,780,116 | +€1.6m | +983% |
| Fixed assets | 21/28 | €45,000 | €1,163,704 | +€1.1m | +2,486% |
| Tangible fixed assets | 22/27 | - | €356,354 | +€356,354 | |
| Land and buildings | 22 | - | €356,354 | +€356,354 | |
| Financial fixed assets | 28 | €45,000 | €807,350 | +€762,350 | +1,694% |
| Current assets | 29/58 | €119,310 | €616,413 | +€497,103 | +417% |
| Stocks and contracts in progress | 3 | €35,707 | €35,707 | = | 0.0% |
| Stocks | 30/36 | €35,707 | €35,707 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,678 | €573,244 | +€519,566 | +968% |
| Trade receivables | 40 | €13,579 | €103,639 | +€90,060 | +663% |
| Other amounts receivable | 41 | €40,099 | €469,605 | +€429,506 | +1,071% |
| Cash at bank and in hand | 54/58 | €27,540 | €4,520 | -€23,020 | -83.6% |
| Deferred charges and accrued income | 490/1 | €2,385 | €2,942 | +€557 | +23.3% |
| Total equity and liabilities | 10/49 | €164,310 | €1,780,116 | +€1.6m | +983% |
| Equity | 10/15 | €25,000 | €130,354 | +€105,354 | +421% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €105,354 | +€105,354 | |
| Amounts payable | 17/49 | €139,310 | €1,649,762 | +€1.5m | +1,084% |
| Amounts payable after more than one year | 17 | - | €305,712 | +€305,712 | |
| Financial debts | 170/4 | - | €305,712 | +€305,712 | |
| Amounts payable within one year | 42/48 | €139,274 | €1,343,542 | +€1.2m | +865% |
| Current portion of amounts payable after more than one year | 42 | - | €17,949 | +€17,949 | |
| Financial debts | 43 | - | €10,088 | +€10,088 | |
| Other loans | 439 | - | €10,088 | +€10,088 | |
| Trade debts | 44 | €2,885 | €2,796 | -€89 | -3.1% |
| Suppliers | 440/4 | €2,885 | €2,796 | -€89 | -3.1% |
| Taxes, remuneration and social security | 45 | €4,924 | €48,462 | +€43,538 | +884% |
| Taxes | 450/3 | €4,924 | €48,462 | +€43,538 | +884% |
| Other amounts payable | 47/48 | €131,465 | €1,264,247 | +€1.1m | +862% |
| Accrued charges and deferred income | 492/3 | €36 | €508 | +€471 | +1,300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €58,245 | +€58,245 | |
| Other operating charges | 640/8 | €491 | €497 | +€7 | +1.3% |
| Gross operating margin | 9900 | €17,096 | €203,959 | +€186,863 | +1,093% |
| Operating profit (loss) | 9901 | €16,606 | €145,217 | +€128,611 | +775% |
| Financial income | 75/76B | €558 | €557 | -€2 | -0.3% |
| Recurring financial income | 75 | €558 | €557 | -€2 | -0.3% |
| Financial charges | 65/66B | €441 | €957 | +€516 | +117% |
| Recurring financial charges | 65 | €441 | €957 | +€516 | +117% |
| Profit (loss) for the period before taxes | 9903 | €16,723 | €144,816 | +€128,094 | +766% |
| Income taxes | 67/77 | €3,488 | €39,462 | +€35,974 | +1,031% |
| Profit (loss) for the period | 9904 | €13,234 | €105,354 | +€92,120 | +696% |
| Profit (loss) for the period to be appropriated | 9905 | €13,234 | €105,354 | +€92,120 | +696% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.