TTS: 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.
TTS
Largest movements
- Receivables within one year +€194,042
up €194,042 (+56.9%), from €341,312 to €535,354
of which Other amounts receivable: +€171,529
- Tangible fixed assets +€53,767
up €53,767 (+13.6%), from €396,672 to €450,439
of which Furniture and vehicles: +€29,518
- Profit (loss) carried forward +€163,965
up €163,965 (+39.8%), from €411,506 to €575,472
- Reserves -€64,000
down €64,000 (-73.2%), from €87,446 to €23,446
of which Distributable reserves: -€64,000
- Other debts +€64,000
new in 2024: €64,000
- Debts after one year +€55,230
up €55,230 (+30.7%), from €179,650 to €234,880
- Short-term financial debts +€30,000
new in 2024: €30,000
- Gross operating margin +€34,743
up €34,743 (+14.4%), from €240,680 to €275,422
- Staff costs +€20,303
new in 2024: €20,303
- Depreciation +€7,580
up €7,580 (+18.6%), from €40,719 to €48,299
- Financial income +€5,957
up €5,957 (+41.1%), from €14,499 to €20,456
- Taxes +€3,186
up €3,186 (+6.4%), from €49,977 to €53,162
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €774,904 | €1,024,320 | +€249,415 | +32.2% |
| Fixed assets | 21/28 | €396,672 | €450,439 | +€53,767 | +13.6% |
| Tangible fixed assets | 22/27 | €396,672 | €450,439 | +€53,767 | +13.6% |
| Land and buildings | 22 | €278,842 | €304,430 | +€25,588 | +9.2% |
| Plant, machinery and equipment | 23 | €70,087 | €70,491 | +€404 | +0.6% |
| Furniture and vehicles | 24 | €41,593 | €71,111 | +€29,518 | +71.0% |
| Other tangible fixed assets | 26 | €6,150 | €4,407 | -€1,742 | -28.3% |
| Current assets | 29/58 | €378,232 | €573,880 | +€195,648 | +51.7% |
| Amounts receivable within one year | 40/41 | €341,312 | €535,354 | +€194,042 | +56.9% |
| Trade receivables | 40 | €92,555 | €115,068 | +€22,513 | +24.3% |
| Other amounts receivable | 41 | €248,757 | €420,286 | +€171,529 | +69.0% |
| Cash at bank and in hand | 54/58 | €26,529 | €32,070 | +€5,541 | +20.9% |
| Deferred charges and accrued income | 490/1 | €10,391 | €6,457 | -€3,934 | -37.9% |
| Total equity and liabilities | 10/49 | €774,904 | €1,024,320 | +€249,415 | +32.2% |
| Equity | 10/15 | €517,553 | €617,518 | +€99,965 | +19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,446 | €23,446 | -€64,000 | -73.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,586 | €18,586 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €3,000 | -€64,000 | -95.5% |
| Profit (loss) carried forward | 14 | €411,506 | €575,472 | +€163,965 | +39.8% |
| Amounts payable | 17/49 | €257,352 | €406,802 | +€149,450 | +58.1% |
| Amounts payable after more than one year | 17 | €179,650 | €234,880 | +€55,230 | +30.7% |
| Financial debts | 170/4 | €179,650 | €234,880 | +€55,230 | +30.7% |
| Amounts payable within one year | 42/48 | €76,552 | €151,923 | +€75,370 | +98.5% |
| Current portion of amounts payable after more than one year | 42 | €44,257 | €26,158 | -€18,099 | -40.9% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €4,491 | €360 | -€4,131 | -92.0% |
| Suppliers | 440/4 | €4,491 | €360 | -€4,131 | -92.0% |
| Taxes, remuneration and social security | 45 | €27,804 | €31,404 | +€3,600 | +12.9% |
| Taxes | 450/3 | €27,804 | €28,914 | +€1,110 | +4.0% |
| Remuneration and social security | 454/9 | - | €2,490 | +€2,490 | |
| Other amounts payable | 47/48 | - | €64,000 | +€64,000 | |
| Accrued charges and deferred income | 492/3 | €1,150 | €19,999 | +€18,849 | +1639.0% |
| Remuneration, social security and pensions | 62 | - | €20,303 | +€20,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,719 | €48,299 | +€7,580 | +18.6% |
| Other operating charges | 640/8 | - | €1,883 | +€1,883 | |
| Gross operating margin | 9900 | €240,680 | €275,422 | +€34,743 | +14.4% |
| Operating profit (loss) | 9901 | €199,960 | €204,937 | +€4,977 | +2.5% |
| Financial income | 75/76B | €14,499 | €20,456 | +€5,957 | +41.1% |
| Recurring financial income | 75 | €14,499 | €20,456 | +€5,957 | +41.1% |
| Financial charges | 65/66B | €6,822 | €8,266 | +€1,444 | +21.2% |
| Recurring financial charges | 65 | €6,822 | €8,266 | +€1,444 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €207,638 | €217,128 | +€9,490 | +4.6% |
| Income taxes | 67/77 | €49,977 | €53,162 | +€3,186 | +6.4% |
| Profit (loss) for the period | 9904 | €157,661 | €163,965 | +€6,304 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €157,661 | €163,965 | +€6,304 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.