TTRO: 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.
TTRO
Largest movements
- Cash +€46,986
up €46,986 (+713.2%), from €6,588 to €53,574
mainly Net result for the year (+€22,806) and Tax, wage and social debts (+€15,744)
- Receivables within one year -€3,781
down €3,781 (-10.9%), from €34,739 to €30,958
of which Trade receivables: -€2,892
- Tangible fixed assets -€3,324
down €3,324 (-25.9%), from €12,842 to €9,518
- Profit (loss) carried forward +€21,973
up €21,973 (+77.1%), from €28,499 to €50,472
- Tax, wage and social debts +€15,744
up €15,744 (+600.0%), from €2,624 to €18,368
- Other debts +€2,340
up €2,340 (+13.3%), from €17,658 to €19,998
- Gross operating margin +€39,348
up €39,348, from -€2,438 to €36,911
- Taxes +€6,318
up €6,318 (+2643.7%), from €239 to €6,557
- Other operating charges +€1,036
up €1,036 (+192.6%), from €538 to €1,574
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 | €54,416 | €94,229 | +€39,812 | +73.2% |
| Fixed assets | 21/28 | €12,842 | €9,518 | -€3,324 | -25.9% |
| Tangible fixed assets | 22/27 | €12,842 | €9,518 | -€3,324 | -25.9% |
| Furniture and vehicles | 24 | €12,842 | €9,518 | -€3,324 | -25.9% |
| Current assets | 29/58 | €41,574 | €84,711 | +€43,136 | +103.8% |
| Amounts receivable within one year | 40/41 | €34,739 | €30,958 | -€3,781 | -10.9% |
| Trade receivables | 40 | €33,850 | €30,958 | -€2,892 | -8.5% |
| Other amounts receivable | 41 | €889 | - | -€889 | |
| Cash at bank and in hand | 54/58 | €6,588 | €53,574 | +€46,986 | +713.2% |
| Deferred charges and accrued income | 490/1 | €248 | €179 | -€69 | -27.7% |
| Total equity and liabilities | 10/49 | €54,416 | €94,229 | +€39,812 | +73.2% |
| Equity | 10/15 | €30,999 | €52,972 | +€21,973 | +70.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,499 | €50,472 | +€21,973 | +77.1% |
| Amounts payable | 17/49 | €23,417 | €41,256 | +€17,839 | +76.2% |
| Amounts payable within one year | 42/48 | €23,095 | €41,256 | +€18,161 | +78.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,813 | €2,891 | +€78 | +2.8% |
| Suppliers | 440/4 | €2,813 | €2,891 | +€78 | +2.8% |
| Taxes, remuneration and social security | 45 | €2,624 | €18,368 | +€15,744 | +600.0% |
| Taxes | 450/3 | €2,624 | €18,368 | +€15,744 | +600.0% |
| Other amounts payable | 47/48 | €17,658 | €19,998 | +€2,340 | +13.3% |
| Accrued charges and deferred income | 492/3 | €322 | €0 | -€322 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,324 | €3,324 | = | 0.0% |
| Other operating charges | 640/8 | €538 | €1,574 | +€1,036 | +192.6% |
| Gross operating margin | 9900 | -€2,438 | €36,911 | +€39,348 | |
| Operating profit (loss) | 9901 | -€6,300 | €32,013 | +€38,312 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,927 | €2,649 | -€278 | -9.5% |
| Recurring financial charges | 65 | €2,927 | €2,649 | -€278 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,226 | €29,363 | +€38,590 | |
| Income taxes | 67/77 | €239 | €6,557 | +€6,318 | +2643.7% |
| Profit (loss) for the period | 9904 | -€9,465 | €22,806 | +€32,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,465 | €22,806 | +€32,272 |
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.