EURO TIME CONSTRUCT: 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.
EURO TIME CONSTRUCT
Largest movements
- Cash +€36,395
up €36,395 (+240.1%), from €15,159 to €51,553
mainly Depreciation (+€32,005) and Net result for the year (+€27,352)
- Receivables within one year +€31,393
up €31,393 (+101.8%), from €30,829 to €62,222
of which Trade receivables: +€27,996
- Tangible fixed assets -€26,830
down €26,830 (-17.7%), from €151,913 to €125,083
of which Furniture and vehicles: -€27,347
- Stocks and contracts -€11,500
down €11,500 (-86.5%), from €13,300 to €1,800
of which Contracts in progress: -€11,500
- Deferred charges and accrued income -€8,058
no longer reported in 2025 (was €8,058)
- Profit (loss) carried forward +€27,352
up €27,352 (+73.0%), from -€37,491 to -€10,140
- Debts after one year -€16,740
down €16,740 (-48.3%), from €34,649 to €17,909
- Trade debts +€8,407
up €8,407 (+51.9%), from €16,184 to €24,591
- Gross operating margin +€21,954
up €21,954 (+10.3%), from €212,904 to €234,859
- Staff costs -€19,455
down €19,455 (-10.5%), from €185,273 to €165,819
- Depreciation +€7,849
up €7,849 (+32.5%), from €24,156 to €32,005
- Other operating charges -€3,384
down €3,384 (-28.8%), from €11,746 to €8,362
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 | €219,395 | €240,794 | +€21,399 | +9.8% |
| Fixed assets | 21/28 | €152,048 | €125,218 | -€26,830 | -17.6% |
| Tangible fixed assets | 22/27 | €151,913 | €125,083 | -€26,830 | -17.7% |
| Land and buildings | 22 | €36,336 | €33,799 | -€2,537 | -7.0% |
| Plant, machinery and equipment | 23 | €6,933 | €9,987 | +€3,054 | +44.1% |
| Furniture and vehicles | 24 | €108,645 | €81,297 | -€27,347 | -25.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €67,346 | €115,576 | +€48,230 | +71.6% |
| Stocks and contracts in progress | 3 | €13,300 | €1,800 | -€11,500 | -86.5% |
| Stocks | 30/36 | €1,800 | €1,800 | = | 0.0% |
| Contracts in progress | 37 | €11,500 | - | -€11,500 | |
| Amounts receivable within one year | 40/41 | €30,829 | €62,222 | +€31,393 | +101.8% |
| Trade receivables | 40 | €27,223 | €55,219 | +€27,996 | +102.8% |
| Other amounts receivable | 41 | €3,606 | €7,003 | +€3,397 | +94.2% |
| Cash at bank and in hand | 54/58 | €15,159 | €51,553 | +€36,395 | +240.1% |
| Deferred charges and accrued income | 490/1 | €8,058 | - | -€8,058 | |
| Total equity and liabilities | 10/49 | €219,395 | €240,794 | +€21,399 | +9.8% |
| Equity | 10/15 | €141,259 | €168,610 | +€27,352 | +19.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €28,750 | €28,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,750 | €13,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,491 | -€10,140 | +€27,352 | +73.0% |
| Amounts payable | 17/49 | €78,136 | €72,183 | -€5,953 | -7.6% |
| Amounts payable after more than one year | 17 | €34,649 | €17,909 | -€16,740 | -48.3% |
| Financial debts | 170/4 | €34,649 | €17,909 | -€16,740 | -48.3% |
| Amounts payable within one year | 42/48 | €43,389 | €54,201 | +€10,812 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €16,694 | €17,401 | +€707 | +4.2% |
| Trade debts | 44 | €16,184 | €24,591 | +€8,407 | +51.9% |
| Suppliers | 440/4 | €16,184 | €24,591 | +€8,407 | +51.9% |
| Taxes, remuneration and social security | 45 | €6,659 | €8,516 | +€1,856 | +27.9% |
| Taxes | 450/3 | €540 | €467 | -€73 | -13.5% |
| Remuneration and social security | 454/9 | €6,119 | €8,049 | +€1,930 | +31.5% |
| Other amounts payable | 47/48 | €3,851 | €3,694 | -€157 | -4.1% |
| Accrued charges and deferred income | 492/3 | €98 | €73 | -€25 | -25.3% |
| Non-recurring operating income | 76A | €22,791 | €2,880 | -€19,911 | -87.4% |
| Remuneration, social security and pensions | 62 | €185,273 | €165,819 | -€19,455 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,156 | €32,005 | +€7,849 | +32.5% |
| Other operating charges | 640/8 | €11,746 | €8,362 | -€3,384 | -28.8% |
| Gross operating margin | 9900 | €212,904 | €234,859 | +€21,954 | +10.3% |
| Operating profit (loss) | 9901 | -€8,271 | €28,673 | +€36,944 | |
| Financial income | 75/76B | €1,716 | €1,488 | -€227 | -13.3% |
| Recurring financial income | 75 | €1,716 | €1,488 | -€227 | -13.3% |
| Financial charges | 65/66B | €2,973 | €2,342 | -€631 | -21.2% |
| Recurring financial charges | 65 | €2,973 | €2,342 | -€631 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,529 | €27,819 | +€37,348 | |
| Income taxes | 67/77 | €540 | €467 | -€73 | -13.5% |
| Profit (loss) for the period | 9904 | -€10,069 | €27,352 | +€37,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,069 | €27,352 | +€37,421 |
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 5 October 2026 via checked.be.