TTR: what changed
Two fiscal 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.
TTR
Largest movements
- Cash +€17,405
up €17,405 (+150.8%), from €11,539 to €28,943
mainly Net result for the year (+€32,470) and Tax, wage and social debts (+€2,847)
- Receivables within one year +€11,872
up €11,872 (+229.0%), from €5,185 to €17,057
- Deferred charges and accrued income +€6,156
up €6,156 (+62.6%), from €9,831 to €15,987
- Reserves +€32,470
up €32,470 (+157.9%), from €20,570 to €53,040
- Tax, wage and social debts +€2,847
up €2,847 (+37.4%), from €7,609 to €10,457
- Gross operating margin +€14,936
up €14,936 (+53.7%), from €27,796 to €42,732
- Taxes +€2,847
up €2,847 (+51.7%), from €5,509 to €8,357
- Staff costs +€1,198
new in 2025: €1,198
- Financial charges -€1,095
down €1,095 (-84.8%), from €1,291 to €197
- Depreciation +€500
up €500 (+85.7%), from €583 to €1,082
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.
Cash bridge derived
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 | €29,179 | €64,497 | +€35,318 | +121.0% |
| Fixed assets | 21/28 | €2,624 | €2,510 | -€114 | -4.4% |
| Tangible fixed assets | 22/27 | €2,624 | €2,510 | -€114 | -4.4% |
| Furniture and vehicles | 24 | €2,624 | €2,510 | -€114 | -4.4% |
| Current assets | 29/58 | €26,555 | €61,987 | +€35,432 | +133.4% |
| Amounts receivable within one year | 40/41 | €5,185 | €17,057 | +€11,872 | +229.0% |
| Other amounts receivable | 41 | €5,185 | €17,057 | +€11,872 | +229.0% |
| Cash at bank and in hand | 54/58 | €11,539 | €28,943 | +€17,405 | +150.8% |
| Deferred charges and accrued income | 490/1 | €9,831 | €15,987 | +€6,156 | +62.6% |
| Total equity and liabilities | 10/49 | €29,179 | €64,497 | +€35,318 | +121.0% |
| Equity | 10/15 | €21,570 | €54,040 | +€32,470 | +150.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,570 | €53,040 | +€32,470 | +157.9% |
| Distributable reserves | 133 | €20,570 | €53,040 | +€32,470 | +157.9% |
| Amounts payable | 17/49 | €7,609 | €10,457 | +€2,847 | +37.4% |
| Amounts payable within one year | 42/48 | €7,609 | €10,457 | +€2,847 | +37.4% |
| Taxes, remuneration and social security | 45 | €7,609 | €10,457 | +€2,847 | +37.4% |
| Taxes | 450/3 | €7,609 | €10,457 | +€2,847 | +37.4% |
| Remuneration, social security and pensions | 62 | - | €1,198 | +€1,198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €1,082 | +€500 | +85.7% |
| Gross operating margin | 9900 | €27,796 | €42,732 | +€14,936 | +53.7% |
| Operating profit (loss) | 9901 | €27,214 | €40,452 | +€13,238 | +48.6% |
| Financial income | 75/76B | €157 | €572 | +€415 | +263.9% |
| Recurring financial income | 75 | €157 | €572 | +€415 | +263.9% |
| Financial charges | 65/66B | €1,291 | €197 | -€1,095 | -84.8% |
| Recurring financial charges | 65 | €1,291 | €197 | -€1,095 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €26,079 | €40,827 | +€14,748 | +56.5% |
| Income taxes | 67/77 | €5,509 | €8,357 | +€2,847 | +51.7% |
| Profit (loss) for the period | 9904 | €20,570 | €32,470 | +€11,900 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,570 | €32,470 | +€11,900 | +57.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.