TTI Belgium: 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.
TTI Belgium
Largest movements
- Cash +€93,094
up €93,094 (+206%), from €45,084 to €138,178
mainly Receivables within one year (+€54,963) and Net result for the year (+€50,078)
- Receivables within one year -€54,963
down €54,963 (-35.3%), from €155,755 to €100,792
of which Trade receivables: -€46,126
- Financial fixed assets +€5,985
up €5,985 (+104%), from €5,780 to €11,765
- Deferred charges and accrued income +€2,975
up €2,975 (+43.7%), from €6,801 to €9,775
- Profit (loss) carried forward +€49,445
up €49,445 (+47.2%), from €104,819 to €154,264
- Accrued charges and deferred income -€8,000
down €8,000 (-69.3%), from €11,544 to €3,544
- Trade debts +€7,094
up €7,094 (+86.8%), from €8,176 to €15,270
- Tax, wage and social debts -€3,171
down €3,171 (-14.6%), from €21,728 to €18,557
of which Remuneration and social security: -€5,525
- Staff costs -€259,406
down €259,406 (-55.2%), from €469,960 to €210,554
- Gross operating margin -€254,945
down €254,945 (-47.1%), from €540,895 to €285,950
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 | €214,552 | €260,553 | +€46,001 | +21.4% |
| Fixed assets | 21/28 | €6,913 | €11,809 | +€4,896 | +70.8% |
| Tangible fixed assets | 22/27 | €1,133 | €44 | -€1,089 | -96.2% |
| Plant, machinery and equipment | 23 | €1,133 | €44 | -€1,089 | -96.2% |
| Financial fixed assets | 28 | €5,780 | €11,765 | +€5,985 | +104% |
| Current assets | 29/58 | €207,639 | €248,744 | +€41,105 | +19.8% |
| Amounts receivable within one year | 40/41 | €155,755 | €100,792 | -€54,963 | -35.3% |
| Trade receivables | 40 | €139,147 | €93,021 | -€46,126 | -33.1% |
| Other amounts receivable | 41 | €16,608 | €7,770 | -€8,838 | -53.2% |
| Cash at bank and in hand | 54/58 | €45,084 | €138,178 | +€93,094 | +206% |
| Deferred charges and accrued income | 490/1 | €6,801 | €9,775 | +€2,975 | +43.7% |
| Total equity and liabilities | 10/49 | €214,552 | €260,553 | +€46,001 | +21.4% |
| Equity | 10/15 | €171,836 | €221,914 | +€50,078 | +29.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €5,517 | €6,150 | +€633 | +11.5% |
| Non-distributable reserves | 130/1 | €5,517 | €6,150 | +€633 | +11.5% |
| Legal reserve | 130 | €5,517 | €6,150 | +€633 | +11.5% |
| Profit (loss) carried forward | 14 | €104,819 | €154,264 | +€49,445 | +47.2% |
| Amounts payable | 17/49 | €42,716 | €38,639 | -€4,077 | -9.5% |
| Amounts payable within one year | 42/48 | €31,172 | €35,095 | +€3,923 | +12.6% |
| Trade debts | 44 | €8,176 | €15,270 | +€7,094 | +86.8% |
| Suppliers | 440/4 | €8,176 | €15,270 | +€7,094 | +86.8% |
| Taxes, remuneration and social security | 45 | €21,728 | €18,557 | -€3,171 | -14.6% |
| Taxes | 450/3 | €5,516 | €7,870 | +€2,354 | +42.7% |
| Remuneration and social security | 454/9 | €16,211 | €10,687 | -€5,525 | -34.1% |
| Other amounts payable | 47/48 | €1,269 | €1,269 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11,544 | €3,544 | -€8,000 | -69.3% |
| Remuneration, social security and pensions | 62 | €469,960 | €210,554 | -€259,406 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €1,089 | -€581 | -34.8% |
| Other operating charges | 640/8 | €212 | €349 | +€137 | +64.6% |
| Gross operating margin | 9900 | €540,895 | €285,950 | -€254,945 | -47.1% |
| Operating profit (loss) | 9901 | €69,053 | €73,958 | +€4,905 | +7.1% |
| Financial charges | 65/66B | €3,392 | €3,316 | -€76 | -2.2% |
| Recurring financial charges | 65 | €3,392 | €3,316 | -€76 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €65,661 | €70,642 | +€4,981 | +7.6% |
| Income taxes | 67/77 | €25,576 | €20,564 | -€5,011 | -19.6% |
| Profit (loss) for the period | 9904 | €40,085 | €50,078 | +€9,992 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,085 | €50,078 | +€9,992 | +24.9% |
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 16 October 2026 via checked.be.