TTL Transports: what changed
What changed
TTL Transports
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€14,784
2024 · €29,615-€14,831
Equity
€327,119
2024 · €327,119
Cash
€106,345
2024 · €93,233+€13,112
Balance sheet total
€580,988
2024 · €647,426-€66,439
Largest movements
Assets
- Receivables within one year -€45,563
down €45,563 (-29.2%), from €156,095 to €110,532
of which Trade receivables: -€56,078
- Tangible fixed assets -€33,711
down €33,711 (-9.5%), from €356,413 to €322,702
- Cash +€13,112
up €13,112 (+14.1%), from €93,233 to €106,345
mainly Depreciation (+€99,688) and Receivables within one year (+€45,563)
Equity and liabilities
- Debts after one year -€53,754
down €53,754 (-38.4%), from €139,945 to €86,191
- Current portion of long-term debt -€29,335
down €29,335 (-53.4%), from €54,984 to €25,648
- Short-term financial debts +€28,106
new in 2025: €28,106
- Tax, wage and social debts -€12,513
down €12,513 (-43.3%), from €28,870 to €16,356
of which Taxes: -€12,527
Income statement
- Turnover -€33,451
down €33,451 (-5.8%), from €576,963 to €543,512
- Purchases and services -€16,976
down €16,976 (-3.9%), from €431,698 to €414,722
- Gross operating margin -€16,475
down €16,475 (-11.3%), from €145,265 to €128,790
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
€29,615
Gross operating margin
-€16,475
Depreciation
-€4,152
Other operating charges
-€228
Financial income
+€28
Financial charges
+€1,350
Taxes
+€4,646
Result 2025
€14,784
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
+€148,856
Investment
-€65,977
Financing
-€69,767
Cash 2024
€93,233
From operations (derived)
+€148,856
Net result for the year
+€14,784
Depreciation
+€99,688
Receivables within one year
+€45,563
Deferred charges and accrued income
+€277
Trade debts
+€4,831
Tax, wage and social debts
-€12,513
Other debts
-€3,773
Investment (derived)
-€65,977
Investment in fixed assets (net)
-€65,977
Financing
-€69,767
Debts after one year
-€53,754
Current portion of long-term debt
-€29,335
Short-term financial debts
+€28,106
Contributions, distributions and other
-€14,784
Cash 2025
€106,345
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €647,426 | €580,988 | -€66,439 | -10.3% |
| Fixed assets | 21/28 | €390,413 | €356,702 | -€33,711 | -8.6% |
| Tangible fixed assets | 22/27 | €356,413 | €322,702 | -€33,711 | -9.5% |
| Land and buildings | 22 | €221,220 | €208,445 | -€12,775 | -5.8% |
| Plant, machinery and equipment | 23 | €41,756 | €30,248 | -€11,508 | -27.6% |
| Furniture and vehicles | 24 | €93,436 | €84,009 | -€9,427 | -10.1% |
| Financial fixed assets | 28 | €34,000 | €34,000 | = | 0.0% |
| Current assets | 29/58 | €257,014 | €224,286 | -€32,728 | -12.7% |
| Amounts receivable within one year | 40/41 | €156,095 | €110,532 | -€45,563 | -29.2% |
| Trade receivables | 40 | €156,095 | €100,017 | -€56,078 | -35.9% |
| Other amounts receivable | 41 | - | €10,515 | +€10,515 | |
| Cash at bank and in hand | 54/58 | €93,233 | €106,345 | +€13,112 | +14.1% |
| Deferred charges and accrued income | 490/1 | €7,686 | €7,409 | -€277 | -3.6% |
| Total equity and liabilities | 10/49 | €647,426 | €580,988 | -€66,439 | -10.3% |
| Equity | 10/15 | €327,119 | €327,119 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,811 | €57,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,811 | €57,811 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €55,952 | €55,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,716 | €250,716 | = | 0.0% |
| Amounts payable | 17/49 | €320,307 | €253,869 | -€66,439 | -20.7% |
| Amounts payable after more than one year | 17 | €139,945 | €86,191 | -€53,754 | -38.4% |
| Financial debts | 170/4 | €139,945 | €86,191 | -€53,754 | -38.4% |
| Amounts payable within one year | 42/48 | €180,362 | €167,678 | -€12,684 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €54,984 | €25,648 | -€29,335 | -53.4% |
| Financial debts | 43 | - | €28,106 | +€28,106 | |
| Credit institutions | 430/8 | - | €28,106 | +€28,106 | |
| Trade debts | 44 | €69,442 | €74,273 | +€4,831 | +7.0% |
| Suppliers | 440/4 | €69,442 | €74,273 | +€4,831 | +7.0% |
| Taxes, remuneration and social security | 45 | €28,870 | €16,356 | -€12,513 | -43.3% |
| Taxes | 450/3 | €23,892 | €11,365 | -€12,527 | -52.4% |
| Remuneration and social security | 454/9 | €4,977 | €4,991 | +€14 | +0.3% |
| Other amounts payable | 47/48 | €27,067 | €23,294 | -€3,773 | -13.9% |
| Turnover | 70 | €576,963 | €543,512 | -€33,451 | -5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €431,698 | €414,722 | -€16,976 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,535 | €99,688 | +€4,152 | +4.3% |
| Other operating charges | 640/8 | €4,103 | €4,331 | +€228 | +5.6% |
| Gross operating margin | 9900 | €145,265 | €128,790 | -€16,475 | -11.3% |
| Operating profit (loss) | 9901 | €45,626 | €24,771 | -€20,856 | -45.7% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €5,016 | €3,666 | -€1,350 | -26.9% |
| Recurring financial charges | 65 | €5,016 | €3,666 | -€1,350 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €40,610 | €21,133 | -€19,477 | -48.0% |
| Income taxes | 67/77 | €10,996 | €6,349 | -€4,646 | -42.3% |
| Profit (loss) for the period | 9904 | €29,615 | €14,784 | -€14,831 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,615 | €14,784 | -€14,831 | -50.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.