TTM BUSINESS: what changed
TTM BUSINESS
Largest movements
- Receivables within one year -€35,429
down €35,429 (-39.6%), from €89,493 to €54,064
- Cash -€31,120
down €31,120 (-60.1%), from €51,803 to €20,683
mainly Net result for the year (-€25,006) and Tax, wage and social debts (-€24,038)
- Profit (loss) carried forward -€25,006
down €25,006 (-52.3%), from €47,799 to €22,793
- Tax, wage and social debts -€24,038
down €24,038 (-73.1%), from €32,906 to €8,868
- Accrued charges and deferred income -€11,550
no longer reported in 2025 (was €11,550)
- Trade debts -€4,635
down €4,635 (-10.4%), from €44,779 to €40,144
- Turnover -€147,505
no longer reported in 2025 (was €147,505)
- Purchases and services -€111,448
no longer reported in 2025 (was €111,448)
- Gross operating margin -€44,671
down €44,671, from €36,057 to -€8,614
- Taxes +€2,079
up €2,079 (+26.0%), from €8,000 to €10,079
- Depreciation +€1,550
up €1,550 (+46.5%), from €3,330 to €4,880
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,739 | €80,510 | -€65,229 | -44.8% |
| Fixed assets | 21/28 | €4,443 | €5,763 | +€1,320 | +29.7% |
| Tangible fixed assets | 22/27 | €4,443 | €5,763 | +€1,320 | +29.7% |
| Furniture and vehicles | 24 | €4,443 | €5,763 | +€1,320 | +29.7% |
| Current assets | 29/58 | €141,296 | €74,747 | -€66,549 | -47.1% |
| Amounts receivable within one year | 40/41 | €89,493 | €54,064 | -€35,429 | -39.6% |
| Trade receivables | 40 | €89,493 | €54,064 | -€35,429 | -39.6% |
| Cash at bank and in hand | 54/58 | €51,803 | €20,683 | -€31,120 | -60.1% |
| Total equity and liabilities | 10/49 | €145,739 | €80,510 | -€65,229 | -44.8% |
| Equity | 10/15 | €56,504 | €31,498 | -€25,006 | -44.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €2,505 | €2,505 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,505 | €2,505 | = | 0.0% |
| Legal reserve | 130 | €2,505 | - | -€2,505 | |
| Reserves not available under the articles | 1311 | - | €2,505 | +€2,505 | |
| Profit (loss) carried forward | 14 | €47,799 | €22,793 | -€25,006 | -52.3% |
| Amounts payable | 17/49 | €89,235 | €49,012 | -€40,223 | -45.1% |
| Amounts payable within one year | 42/48 | €77,685 | €49,012 | -€28,673 | -36.9% |
| Trade debts | 44 | €44,779 | €40,144 | -€4,635 | -10.4% |
| Suppliers | 440/4 | €44,779 | €40,144 | -€4,635 | -10.4% |
| Taxes, remuneration and social security | 45 | €32,906 | €8,868 | -€24,038 | -73.1% |
| Taxes | 450/3 | €32,906 | €8,868 | -€24,038 | -73.1% |
| Accrued charges and deferred income | 492/3 | €11,550 | - | -€11,550 | |
| Turnover | 70 | €147,505 | - | -€147,505 | |
| Goods, raw materials, services and sundry goods | 60/61 | €111,448 | - | -€111,448 | |
| Remuneration, social security and pensions | 62 | €1,082 | €152 | -€930 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,330 | €4,880 | +€1,550 | +46.5% |
| Other operating charges | 640/8 | €549 | €1,220 | +€671 | +122% |
| Gross operating margin | 9900 | €36,057 | -€8,614 | -€44,671 | |
| Operating profit (loss) | 9901 | €31,096 | -€14,866 | -€45,962 | |
| Financial charges | 65/66B | €97 | €61 | -€36 | -37.1% |
| Recurring financial charges | 65 | €97 | €61 | -€36 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €30,999 | -€14,927 | -€45,926 | |
| Income taxes | 67/77 | €8,000 | €10,079 | +€2,079 | +26.0% |
| Profit (loss) for the period | 9904 | €22,999 | -€25,006 | -€48,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,999 | -€25,006 | -€48,005 |
Next steps
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 3 November 2026 via checked.be.