TTNX: 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.
TTNX
Largest movements
- Cash +€191,490
up €191,490 (+314%), from €61,081 to €252,570
mainly Other debts (+€151,135) and Receivables within one year (+€120,538)
- Receivables within one year -€120,538
down €120,538 (-35.4%), from €340,114 to €219,575
of which Trade receivables: -€153,502
- Tangible fixed assets -€17,686
down €17,686 (-21.3%), from €82,976 to €65,290
of which Furniture and vehicles: -€28,377
- Intangible fixed assets +€10,397
up €10,397 (+207%), from €5,025 to €15,422
- Other debts +€151,135
new in 2025: €151,135
- Reserves -€96,794
down €96,794 (-36.2%), from €267,700 to €170,906
- Tax, wage and social debts +€12,293
up €12,293 (+32.8%), from €37,482 to €49,775
of which Taxes: +€10,462
- Current portion of long-term debt -€10,258
no longer reported in 2025 (was €10,258)
- Trade debts +€7,286
up €7,286 (+23.4%), from €31,168 to €38,454
- Depreciation +€8,224
up €8,224 (+24.0%), from €34,265 to €42,489
- Other operating charges -€4,700
down €4,700 (-76.0%), from €6,186 to €1,486
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 | €490,245 | €553,908 | +€63,662 | +13.0% |
| Fixed assets | 21/28 | €89,051 | €81,762 | -€7,289 | -8.2% |
| Intangible fixed assets | 21 | €5,025 | €15,422 | +€10,397 | +207% |
| Tangible fixed assets | 22/27 | €82,976 | €65,290 | -€17,686 | -21.3% |
| Plant, machinery and equipment | 23 | €18,597 | €29,288 | +€10,690 | +57.5% |
| Furniture and vehicles | 24 | €64,379 | €36,002 | -€28,377 | -44.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €401,194 | €472,146 | +€70,951 | +17.7% |
| Amounts receivable within one year | 40/41 | €340,114 | €219,575 | -€120,538 | -35.4% |
| Trade receivables | 40 | €268,993 | €115,491 | -€153,502 | -57.1% |
| Other amounts receivable | 41 | €71,121 | €104,085 | +€32,964 | +46.3% |
| Cash at bank and in hand | 54/58 | €61,081 | €252,570 | +€191,490 | +314% |
| Total equity and liabilities | 10/49 | €490,245 | €553,908 | +€63,662 | +13.0% |
| Equity | 10/15 | €411,338 | €314,544 | -€96,794 | -23.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,700 | €170,906 | -€96,794 | -36.2% |
| Distributable reserves | 133 | €267,700 | €170,906 | -€96,794 | -36.2% |
| Profit (loss) carried forward | 14 | €131,238 | €131,238 | = | 0.0% |
| Amounts payable | 17/49 | €78,908 | €239,364 | +€160,456 | +203% |
| Amounts payable within one year | 42/48 | €78,908 | €239,364 | +€160,456 | +203% |
| Current portion of amounts payable after more than one year | 42 | €10,258 | - | -€10,258 | |
| Trade debts | 44 | €31,168 | €38,454 | +€7,286 | +23.4% |
| Suppliers | 440/4 | €31,168 | €38,454 | +€7,286 | +23.4% |
| Taxes, remuneration and social security | 45 | €37,482 | €49,775 | +€12,293 | +32.8% |
| Taxes | 450/3 | €7,740 | €18,202 | +€10,462 | +135% |
| Remuneration and social security | 454/9 | €29,742 | €31,572 | +€1,831 | +6.2% |
| Other amounts payable | 47/48 | - | €151,135 | +€151,135 | |
| Non-recurring operating income | 76A | €7 | - | -€7 | |
| Remuneration, social security and pensions | 62 | €152,817 | €150,677 | -€2,140 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,265 | €42,489 | +€8,224 | +24.0% |
| Other operating charges | 640/8 | €6,186 | €1,486 | -€4,700 | -76.0% |
| Gross operating margin | 9900 | €285,047 | €287,885 | +€2,837 | +1.0% |
| Operating profit (loss) | 9901 | €91,779 | €93,232 | +€1,453 | +1.6% |
| Financial income | 75/76B | - | €310 | +€310 | |
| Recurring financial income | 75 | - | €310 | +€310 | |
| Financial charges | 65/66B | €727 | €309 | -€418 | -57.5% |
| Recurring financial charges | 65 | €446 | €303 | -€143 | -32.1% |
| Non-recurring financial charges | 66B | €281 | €6 | -€275 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €91,052 | €93,234 | +€2,181 | +2.4% |
| Income taxes | 67/77 | €27,212 | €29,028 | +€1,815 | +6.7% |
| Profit (loss) for the period | 9904 | €63,840 | €64,206 | +€366 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,840 | €64,206 | +€366 | +0.6% |
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.