TTO Advisory: 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.
TTO Advisory
Largest movements
- Financial fixed assets +€59,800
up €59,800 (+29,900%), from €200 to €60,000
- Current investments -€35,000
down €35,000 (-41.2%), from €85,000 to €50,000
- Cash +€12,382
up €12,382 (+22.2%), from €55,748 to €68,129
mainly Net result for the year (+€195,504) and Current investments (+€35,000)
- Reserves +€195,504
up €195,504 (+10,511%), from €1,860 to €197,364
- Other debts -€140,393
down €140,393 (-72.0%), from €194,915 to €54,521
- Accrued charges and deferred income -€10,804
down €10,804 (-48.3%), from €22,354 to €11,550
- Tax, wage and social debts -€3,302
down €3,302 (-17.8%), from €18,575 to €15,273
No income-statement line moved by more than 1% of the activity.
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 | €259,382 | €300,095 | +€40,713 | +15.7% |
| Fixed assets | 21/28 | €17,146 | €78,257 | +€61,111 | +356% |
| Tangible fixed assets | 22/27 | €16,946 | €18,257 | +€1,311 | +7.7% |
| Plant, machinery and equipment | 23 | €2,057 | €1,745 | -€311 | -15.1% |
| Furniture and vehicles | 24 | €14,343 | €16,032 | +€1,688 | +11.8% |
| Other tangible fixed assets | 26 | €546 | €480 | -€66 | -12.1% |
| Financial fixed assets | 28 | €200 | €60,000 | +€59,800 | +29,900% |
| Current assets | 29/58 | €242,236 | €221,838 | -€20,398 | -8.4% |
| Amounts receivable within one year | 40/41 | €97,867 | €100,612 | +€2,744 | +2.8% |
| Trade receivables | 40 | €96,532 | €96,282 | -€250 | -0.3% |
| Other amounts receivable | 41 | €1,336 | €4,330 | +€2,994 | +224% |
| Current investments | 50/53 | €85,000 | €50,000 | -€35,000 | -41.2% |
| Cash at bank and in hand | 54/58 | €55,748 | €68,129 | +€12,382 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,621 | €3,097 | -€524 | -14.5% |
| Total equity and liabilities | 10/49 | €259,382 | €300,095 | +€40,713 | +15.7% |
| Equity | 10/15 | €21,877 | €217,381 | +€195,504 | +894% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €197,364 | +€195,504 | +10,511% |
| Distributable reserves | 133 | €1,860 | €197,364 | +€195,504 | +10,511% |
| Profit (loss) carried forward | 14 | €1,417 | €1,417 | = | 0.0% |
| Amounts payable | 17/49 | €237,505 | €82,714 | -€154,791 | -65.2% |
| Amounts payable within one year | 42/48 | €215,151 | €71,164 | -€143,987 | -66.9% |
| Trade debts | 44 | €1,662 | €1,370 | -€292 | -17.6% |
| Suppliers | 440/4 | €1,662 | €1,370 | -€292 | -17.6% |
| Taxes, remuneration and social security | 45 | €18,575 | €15,273 | -€3,302 | -17.8% |
| Taxes | 450/3 | €18,575 | €15,273 | -€3,302 | -17.8% |
| Other amounts payable | 47/48 | €194,915 | €54,521 | -€140,393 | -72.0% |
| Accrued charges and deferred income | 492/3 | €22,354 | €11,550 | -€10,804 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,724 | €2,719 | +€995 | +57.7% |
| Other operating charges | 640/8 | €841 | €709 | -€131 | -15.6% |
| Gross operating margin | 9900 | €259,814 | €260,258 | +€444 | +0.2% |
| Operating profit (loss) | 9901 | €257,249 | €256,830 | -€420 | -0.2% |
| Financial income | 75/76B | €2,983 | €1,303 | -€1,680 | -56.3% |
| Recurring financial income | 75 | €2,983 | €1,303 | -€1,680 | -56.3% |
| Financial charges | 65/66B | €55 | €118 | +€63 | +114% |
| Recurring financial charges | 65 | €55 | €118 | +€63 | +114% |
| Profit (loss) for the period before taxes | 9903 | €260,177 | €258,014 | -€2,163 | -0.8% |
| Income taxes | 67/77 | €60,881 | €62,510 | +€1,630 | +2.7% |
| Profit (loss) for the period | 9904 | €199,296 | €195,504 | -€3,792 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €199,296 | €195,504 | -€3,792 | -1.9% |
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 15 October 2026 via checked.be.