TTP MANAGEMENT: 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.
TTP MANAGEMENT
Largest movements
- Financial fixed assets -€99,448
down €99,448 (-16.3%), from €609,706 to €510,258
- Receivables within one year +€40,440
up €40,440 (+70.9%), from €57,050 to €97,490
of which Other amounts receivable: +€36,379
- Tangible fixed assets +€24,028
up €24,028 (+30.3%), from €79,293 to €103,321
of which Assets under construction and advance payments: +€36,146
- Debts after one year -€20,825
down €20,825 (-10.7%), from €194,287 to €173,462
- Other debts -€19,727
down €19,727 (-19.4%), from €101,471 to €81,744
- Trade debts -€19,034
down €19,034 (-47.9%), from €39,763 to €20,728
- Reserves +€14,518
up €14,518 (+5.0%), from €287,843 to €302,362
- Financial income -€124,982
down €124,982 (-93.8%), from €133,230 to €8,247
- Depreciation +€1,499
up €1,499 (+8.2%), from €18,385 to €19,884
- Financial charges -€1,161
down €1,161 (-7.7%), from €15,062 to €13,902
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.
Derived cash bridge
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 | €792,571 | €754,957 | -€37,614 | -4.7% |
| Fixed assets | 21/28 | €688,999 | €613,579 | -€75,420 | -10.9% |
| Tangible fixed assets | 22/27 | €79,293 | €103,321 | +€24,028 | +30.3% |
| Land and buildings | 22 | €8,075 | €8,075 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €3,658 | +€3,658 | |
| Furniture and vehicles | 24 | €55,561 | €41,035 | -€14,526 | -26.1% |
| Other tangible fixed assets | 26 | €12,082 | €10,832 | -€1,250 | -10.3% |
| Assets under construction and advance payments | 27 | €3,575 | €39,722 | +€36,146 | +1,011% |
| Financial fixed assets | 28 | €609,706 | €510,258 | -€99,448 | -16.3% |
| Current assets | 29/58 | €103,573 | €141,378 | +€37,805 | +36.5% |
| Amounts receivable within one year | 40/41 | €57,050 | €97,490 | +€40,440 | +70.9% |
| Trade receivables | 40 | €13,697 | €17,758 | +€4,061 | +29.6% |
| Other amounts receivable | 41 | €43,353 | €79,732 | +€36,379 | +83.9% |
| Cash at bank and in hand | 54/58 | €17,315 | €14,664 | -€2,651 | -15.3% |
| Deferred charges and accrued income | 490/1 | €29,207 | €29,224 | +€16 | +0.1% |
| Total equity and liabilities | 10/49 | €792,571 | €754,957 | -€37,614 | -4.7% |
| Equity | 10/15 | €385,338 | €399,856 | +€14,518 | +3.8% |
| Contributions | 10/11 | €97,495 | €97,495 | = | 0.0% |
| Reserves | 13 | €287,843 | €302,362 | +€14,518 | +5.0% |
| Distributable reserves | 133 | €287,843 | €302,362 | +€14,518 | +5.0% |
| Amounts payable | 17/49 | €407,233 | €355,101 | -€52,133 | -12.8% |
| Amounts payable after more than one year | 17 | €194,287 | €173,462 | -€20,825 | -10.7% |
| Financial debts | 170/4 | €194,287 | €173,462 | -€20,825 | -10.7% |
| Amounts payable within one year | 42/48 | €181,649 | €150,532 | -€31,117 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €36,174 | €40,816 | +€4,642 | +12.8% |
| Trade debts | 44 | €39,763 | €20,728 | -€19,034 | -47.9% |
| Suppliers | 440/4 | €39,763 | €20,728 | -€19,034 | -47.9% |
| Taxes, remuneration and social security | 45 | €4,242 | €7,244 | +€3,003 | +70.8% |
| Taxes | 450/3 | €4,242 | €7,244 | +€3,003 | +70.8% |
| Other amounts payable | 47/48 | €101,471 | €81,744 | -€19,727 | -19.4% |
| Accrued charges and deferred income | 492/3 | €31,297 | €31,106 | -€190 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,385 | €19,884 | +€1,499 | +8.2% |
| Other operating charges | 640/8 | €2,082 | €2,220 | +€138 | +6.6% |
| Gross operating margin | 9900 | €45,405 | €45,696 | +€291 | +0.6% |
| Operating profit (loss) | 9901 | €24,938 | €23,592 | -€1,346 | -5.4% |
| Financial income | 75/76B | €133,230 | €8,247 | -€124,982 | -93.8% |
| Recurring financial income | 75 | €133,230 | €8,247 | -€124,982 | -93.8% |
| Financial charges | 65/66B | €15,062 | €13,902 | -€1,161 | -7.7% |
| Recurring financial charges | 65 | €15,062 | €13,902 | -€1,161 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €143,105 | €17,938 | -€125,167 | -87.5% |
| Income taxes | 67/77 | €3,521 | €3,420 | -€101 | -2.9% |
| Profit (loss) for the period | 9904 | €139,584 | €14,518 | -€125,066 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,584 | €14,518 | -€125,066 | -89.6% |
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 19 October 2026 via checked.be.