TTRAG: 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.
What changed
TTRAG
NACE 74.999, Other professional, scientific and technical activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€112,123
2024 · €125,781-€13,657
Equity
€6.5m
2024 · €6.4m+€112,123
Cash
€1.2m
2024 · €846,898+€368,427
Balance sheet total
€7.5m
2024 · €7.4m+€77,302
Largest movements
Assets
- Cash +€368,427
up €368,427 (+43.5%), from €846,898 to €1.2m
mainly Receivables within one year (+€173,226) and Current investments (+€150,000)
- Receivables within one year -€173,226
down €173,226 (-6.9%), from €2.5m to €2.4m
of which Other amounts receivable: -€173,226
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
Equity and liabilities
- Profit (loss) carried forward +€112,123
up €112,123 (+1.9%), from €5.8m to €5.9m
Income statement
- Depreciation +€11,344
up €11,344 (+20.4%), from €55,560 to €66,904
- Financial income +€11,099
up €11,099 (+514.0%), from €2,159 to €13,258
- Other operating income -€6,088
down €6,088 (-38.1%), from €15,988 to €9,900
- Services and other goods +€4,372
up €4,372 (+42.1%), from €10,382 to €14,754
- Other operating charges +€2,715
up €2,715 (+73.4%), from €3,699 to €6,415
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.
Result 2024
€125,781
Other operating income
-€6,088
Services and other goods
-€4,372
Depreciation
-€11,344
Other operating charges
-€2,715
Financial income
+€11,099
Financial charges
-€716
Taxes
+€479
Result 2025
€112,123
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.
From operations
+€317,680
Investment
+€50,747
Financing
€0
Cash 2024
€846,898
From operations (derived)
+€317,680
Net result for the year
+€112,123
Depreciation
+€66,904
Receivables within one year
+€173,226
Deferred charges and accrued income
+€247
Trade debts
-€8,185
Tax, wage and social debts
+€25,527
Other debts
-€53,104
Accrued charges and deferred income
+€940
Investment (derived)
+€50,747
Investment in fixed assets (net)
-€99,253
Current investments
+€150,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,448,782 | €7,526,084 | +€77,302 | +1.0% |
| Fixed assets | 21/28 | €3,924,513 | €3,956,862 | +€32,349 | +0.8% |
| Tangible fixed assets | 22/27 | €2,388,476 | €2,420,825 | +€32,349 | +1.4% |
| Land and buildings | 22 | €2,359,205 | €2,307,695 | -€51,509 | -2.2% |
| Other tangible fixed assets | 26 | €29,271 | €113,129 | +€83,858 | +286.5% |
| Financial fixed assets | 28 | €1,536,037 | €1,536,037 | = | 0.0% |
| Affiliated companies | 280/1 | €1,536,037 | €1,536,037 | = | 0.0% |
| Participating interests | 280 | €1,536,037 | €1,536,037 | = | 0.0% |
| Current assets | 29/58 | €3,524,269 | €3,569,222 | +€44,953 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,527,026 | €2,353,800 | -€173,226 | -6.9% |
| Trade receivables | 40 | €66,550 | €66,550 | = | 0.0% |
| Other amounts receivable | 41 | €2,460,476 | €2,287,250 | -€173,226 | -7.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Other investments | 51/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €846,898 | €1,215,324 | +€368,427 | +43.5% |
| Deferred charges and accrued income | 490/1 | €345 | €98 | -€247 | -71.7% |
| Total equity and liabilities | 10/49 | €7,448,782 | €7,526,084 | +€77,302 | +1.0% |
| Equity | 10/15 | €6,377,346 | €6,489,469 | +€112,123 | +1.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,827,346 | €5,939,469 | +€112,123 | +1.9% |
| Amounts payable | 17/49 | €1,071,437 | €1,036,615 | -€34,821 | -3.2% |
| Amounts payable within one year | 42/48 | €1,070,053 | €1,034,291 | -€35,762 | -3.3% |
| Trade debts | 44 | €10,000 | €1,815 | -€8,185 | -81.9% |
| Suppliers | 440/4 | €10,000 | €1,815 | -€8,185 | -81.9% |
| Taxes, remuneration and social security | 45 | €24,066 | €49,593 | +€25,527 | +106.1% |
| Taxes | 450/3 | €24,066 | €49,593 | +€25,527 | +106.1% |
| Other amounts payable | 47/48 | €1,035,987 | €982,883 | -€53,104 | -5.1% |
| Accrued charges and deferred income | 492/3 | €1,384 | €2,324 | +€940 | +68.0% |
| Operating income | 70/76A | €235,988 | €229,900 | -€6,088 | -2.6% |
| Turnover | 70 | €220,000 | €220,000 | = | 0.0% |
| Other operating income | 74 | €15,988 | €9,900 | -€6,088 | -38.1% |
| Operating charges | 60/66A | €69,641 | €88,073 | +€18,432 | +26.5% |
| Services and other goods | 61 | €10,382 | €14,754 | +€4,372 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,560 | €66,904 | +€11,344 | +20.4% |
| Other operating charges | 640/8 | €3,699 | €6,415 | +€2,715 | +73.4% |
| Operating profit (loss) | 9901 | €166,347 | €141,827 | -€24,520 | -14.7% |
| Financial income | 75/76B | €2,159 | €13,258 | +€11,099 | +514.0% |
| Recurring financial income | 75 | €2,159 | €13,258 | +€11,099 | +514.0% |
| Income from financial fixed assets | 750 | €220 | - | -€220 | |
| Income from current assets | 751 | €1,939 | €13,258 | +€11,320 | +583.8% |
| Financial charges | 65/66B | €677 | €1,393 | +€716 | +105.7% |
| Recurring financial charges | 65 | €677 | €1,393 | +€716 | +105.7% |
| Debt charges | 650 | €76 | €238 | +€162 | +214.6% |
| Other financial charges | 652/9 | €602 | €1,155 | +€554 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €167,829 | €153,692 | -€14,137 | -8.4% |
| Income taxes | 67/77 | €42,048 | €41,569 | -€479 | -1.1% |
| Taxes | 670/3 | €42,051 | €41,572 | -€479 | -1.1% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | €3 | -€0 | -2.1% |
| Profit (loss) for the period | 9904 | €125,781 | €112,123 | -€13,657 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,781 | €112,123 | -€13,657 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.