TTNVH Management: 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.
TTNVH Management
Largest movements
- Tangible fixed assets -€26,237
down €26,237 (-38.3%), from €68,524 to €42,287
of which Other tangible fixed assets: -€25,023
- Stocks and contracts -€9,004
down €9,004 (-20.3%), from €44,283 to €35,279
- Deferred charges and accrued income -€5,114
down €5,114 (-82.8%), from €6,174 to €1,060
- Intangible fixed assets -€3,100
down €3,100 (-12.4%), from €25,071 to €21,971
- Financial fixed assets -€2,208
down €2,208 (-100%), from €2,208 to €0
- Other debts -€36,704
down €36,704 (-23.8%), from €154,044 to €117,339
- Current portion of long-term debt -€10,086
down €10,086 (-100%), from €10,086 to €0
- Profit (loss) carried forward +€8,296
up €8,296 (+9.5%), from -€87,412 to -€79,116
- Tax, wage and social debts -€5,186
down €5,186 (-10.9%), from €47,723 to €42,538
of which Remuneration and social security: -€8,905
- Trade debts -€3,368
down €3,368 (-24.2%), from €13,912 to €10,543
- Gross operating margin +€50,629
up €50,629 (+22.5%), from €225,049 to €275,678
- Staff costs +€27,969
up €27,969 (+12.6%), from €221,323 to €249,292
- Depreciation -€7,230
down €7,230 (-39.4%), from €18,361 to €11,130
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 | €161,067 | €115,208 | -€45,859 | -28.5% |
| Fixed assets | 21/28 | €95,803 | €64,258 | -€31,545 | -32.9% |
| Intangible fixed assets | 21 | €25,071 | €21,971 | -€3,100 | -12.4% |
| Tangible fixed assets | 22/27 | €68,524 | €42,287 | -€26,237 | -38.3% |
| Plant, machinery and equipment | 23 | €1,297 | €677 | -€620 | -47.8% |
| Furniture and vehicles | 24 | €1,587 | €994 | -€593 | -37.4% |
| Other tangible fixed assets | 26 | €65,639 | €40,616 | -€25,023 | -38.1% |
| Financial fixed assets | 28 | €2,208 | €0 | -€2,208 | -100% |
| Current assets | 29/58 | €65,264 | €50,950 | -€14,314 | -21.9% |
| Stocks and contracts in progress | 3 | €44,283 | €35,279 | -€9,004 | -20.3% |
| Stocks | 30/36 | €44,283 | €35,279 | -€9,004 | -20.3% |
| Amounts receivable within one year | 40/41 | €175 | €983 | +€808 | +462% |
| Trade receivables | 40 | - | €970 | +€970 | |
| Other amounts receivable | 41 | €175 | €13 | -€162 | -92.6% |
| Cash at bank and in hand | 54/58 | €14,632 | €13,627 | -€1,005 | -6.9% |
| Deferred charges and accrued income | 490/1 | €6,174 | €1,060 | -€5,114 | -82.8% |
| Total equity and liabilities | 10/49 | €161,067 | €115,208 | -€45,859 | -28.5% |
| Equity | 10/15 | -€68,812 | -€60,516 | +€8,296 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,412 | -€79,116 | +€8,296 | +9.5% |
| Amounts payable | 17/49 | €229,879 | €175,724 | -€54,155 | -23.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €229,868 | €175,724 | -€54,144 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €10,086 | €0 | -€10,086 | -100% |
| Financial debts | 43 | €4,104 | €5,304 | +€1,200 | +29.3% |
| Credit institutions | 430/8 | €4,104 | €5,304 | +€1,200 | +29.3% |
| Trade debts | 44 | €13,912 | €10,543 | -€3,368 | -24.2% |
| Suppliers | 440/4 | €13,912 | €10,543 | -€3,368 | -24.2% |
| Taxes, remuneration and social security | 45 | €47,723 | €42,538 | -€5,186 | -10.9% |
| Taxes | 450/3 | €9,277 | €12,996 | +€3,719 | +40.1% |
| Remuneration and social security | 454/9 | €38,446 | €29,541 | -€8,905 | -23.2% |
| Other amounts payable | 47/48 | €154,044 | €117,339 | -€36,704 | -23.8% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100% |
| Non-recurring operating income | 76A | - | €10,044 | +€10,044 | |
| Remuneration, social security and pensions | 62 | €221,323 | €249,292 | +€27,969 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,361 | €11,130 | -€7,230 | -39.4% |
| Other operating charges | 640/8 | €756 | €900 | +€144 | +19.1% |
| Gross operating margin | 9900 | €225,049 | €275,678 | +€50,629 | +22.5% |
| Operating profit (loss) | 9901 | -€15,390 | €14,356 | +€29,746 | |
| Financial income | 75/76B | €0 | €43 | +€43 | |
| Recurring financial income | 75 | €0 | €43 | +€43 | |
| Financial charges | 65/66B | €4,812 | €6,103 | +€1,291 | +26.8% |
| Recurring financial charges | 65 | €4,812 | €6,103 | +€1,291 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,203 | €8,296 | +€28,498 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€20,203 | €8,296 | +€28,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,203 | €8,296 | +€28,498 |
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 25 October 2026 via checked.be.