TTS Construct: 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.
TTS Construct
Largest movements
- Tangible fixed assets +€41,112
up €41,112 (+297.3%), from €13,828 to €54,940
- Receivables within one year +€10,977
up €10,977 (+21.7%), from €50,599 to €61,576
of which Other amounts receivable: +€7,026
- Cash +€8,087
up €8,087 (+262.1%), from €3,086 to €11,173
mainly Debts after one year (+€38,179) and Net result for the year (+€14,118)
- Debts after one year +€38,179
up €38,179 (+262.4%), from €14,550 to €52,729
- Profit (loss) carried forward +€14,118
up €14,118 (+49.8%), from €28,332 to €42,450
- Trade debts +€9,436
up €9,436 (+47.7%), from €19,768 to €29,204
- Gross operating margin +€18,067
up €18,067 (+143.4%), from €12,597 to €30,663
- Taxes -€8,304
down €8,304 (-95.1%), from €8,730 to €426
- Depreciation +€3,426
up €3,426 (+46.7%), from €7,342 to €10,769
- Other operating charges +€2,696
up €2,696 (+167.8%), from €1,607 to €4,302
- Staff costs -€450
no longer reported in 2025 (was €450)
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 | €67,513 | €127,973 | +€60,460 | +89.6% |
| Fixed assets | 21/28 | €13,828 | €54,940 | +€41,112 | +297.3% |
| Tangible fixed assets | 22/27 | €13,828 | €54,940 | +€41,112 | +297.3% |
| Furniture and vehicles | 24 | €13,828 | €54,940 | +€41,112 | +297.3% |
| Current assets | 29/58 | €53,685 | €73,033 | +€19,348 | +36.0% |
| Amounts receivable within one year | 40/41 | €50,599 | €61,576 | +€10,977 | +21.7% |
| Trade receivables | 40 | €39,583 | €43,534 | +€3,951 | +10.0% |
| Other amounts receivable | 41 | €11,017 | €18,043 | +€7,026 | +63.8% |
| Cash at bank and in hand | 54/58 | €3,086 | €11,173 | +€8,087 | +262.1% |
| Deferred charges and accrued income | 490/1 | - | €284 | +€284 | |
| Total equity and liabilities | 10/49 | €67,513 | €127,973 | +€60,460 | +89.6% |
| Equity | 10/15 | €28,382 | €42,500 | +€14,118 | +49.7% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Contributions outside capital | 11 | €50 | €50 | = | 0.0% |
| Other | 1109/19 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,332 | €42,450 | +€14,118 | +49.8% |
| Amounts payable | 17/49 | €39,131 | €85,473 | +€46,342 | +118.4% |
| Amounts payable after more than one year | 17 | €14,550 | €52,729 | +€38,179 | +262.4% |
| Financial debts | 170/4 | €14,550 | €52,729 | +€38,179 | +262.4% |
| Amounts payable within one year | 42/48 | €24,581 | €32,743 | +€8,162 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €3,540 | €3,540 | = | 0.0% |
| Trade debts | 44 | €19,768 | €29,204 | +€9,436 | +47.7% |
| Suppliers | 440/4 | €19,768 | €29,204 | +€9,436 | +47.7% |
| Other amounts payable | 47/48 | €1,273 | - | -€1,273 | |
| Non-recurring operating income | 76A | €1,642 | - | -€1,642 | |
| Remuneration, social security and pensions | 62 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,342 | €10,769 | +€3,426 | +46.7% |
| Other operating charges | 640/8 | €1,607 | €4,302 | +€2,696 | +167.8% |
| Gross operating margin | 9900 | €12,597 | €30,663 | +€18,067 | +143.4% |
| Operating profit (loss) | 9901 | €3,198 | €15,592 | +€12,395 | +387.6% |
| Financial charges | 65/66B | €1,166 | €1,048 | -€118 | -10.1% |
| Recurring financial charges | 65 | €1,166 | €1,048 | -€118 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €2,031 | €14,544 | +€12,513 | +616.0% |
| Income taxes | 67/77 | €8,730 | €426 | -€8,304 | -95.1% |
| Profit (loss) for the period | 9904 | -€6,699 | €14,118 | +€20,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,699 | €14,118 | +€20,817 |
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 10 October 2026 via checked.be.