FIL DU TEMPS: 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.
FIL DU TEMPS
Largest movements
- Tangible fixed assets -€27,810
down €27,810 (-6.2%), from €449,107 to €421,298
of which Land and buildings: -€24,895
- Receivables within one year -€24,902
down €24,902 (-72.1%), from €34,521 to €9,619
of which Other amounts receivable: -€14,178
- Cash -€5,810
down €5,810 (-82.7%), from €7,029 to €1,219
mainly Other debts (-€49,891) and Debts after one year (-€21,563)
- Other debts -€49,891
down €49,891 (-41.5%), from €120,219 to €70,328
- Debts after one year -€21,563
down €21,563 (-6.7%), from €323,891 to €302,329
- Tax, wage and social debts +€18,085
new in 2025: €18,085
- Current portion of long-term debt -€8,197
down €8,197 (-23.6%), from €34,760 to €26,563
- Trade debts +€5,986
new in 2025: €5,986
- Gross operating margin +€21,749
up €21,749 (+20.4%), from €106,515 to €128,264
- Staff costs -€5,811
down €5,811 (-7.5%), from €77,734 to €71,923
- Financial charges +€4,605
up €4,605 (+29.8%), from €15,442 to €20,047
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 | €514,526 | €460,983 | -€53,544 | -10.4% |
| Fixed assets | 21/28 | €449,107 | €421,298 | -€27,810 | -6.2% |
| Tangible fixed assets | 22/27 | €449,107 | €421,298 | -€27,810 | -6.2% |
| Land and buildings | 22 | €443,733 | €418,839 | -€24,895 | -5.6% |
| Plant, machinery and equipment | 23 | €4,065 | €1,704 | -€2,362 | -58.1% |
| Furniture and vehicles | 24 | €1,309 | €755 | -€554 | -42.3% |
| Current assets | 29/58 | €65,419 | €39,685 | -€25,734 | -39.3% |
| Stocks and contracts in progress | 3 | €23,870 | €25,449 | +€1,580 | +6.6% |
| Stocks | 30/36 | €23,870 | €25,449 | +€1,580 | +6.6% |
| Amounts receivable within one year | 40/41 | €34,521 | €9,619 | -€24,902 | -72.1% |
| Trade receivables | 40 | €10,724 | - | -€10,724 | |
| Other amounts receivable | 41 | €23,797 | €9,619 | -€14,178 | -59.6% |
| Cash at bank and in hand | 54/58 | €7,029 | €1,219 | -€5,810 | -82.7% |
| Deferred charges and accrued income | 490/1 | - | €3,398 | +€3,398 | |
| Total equity and liabilities | 10/49 | €514,526 | €460,983 | -€53,544 | -10.4% |
| Equity | 10/15 | €14,475 | €12,118 | -€2,358 | -16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,415 | €4,058 | -€2,358 | -36.8% |
| Amounts payable | 17/49 | €500,051 | €448,865 | -€51,186 | -10.2% |
| Amounts payable after more than one year | 17 | €323,891 | €302,329 | -€21,563 | -6.7% |
| Financial debts | 170/4 | €323,891 | €302,329 | -€21,563 | -6.7% |
| Amounts payable within one year | 42/48 | €176,160 | €146,536 | -€29,623 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €34,760 | €26,563 | -€8,197 | -23.6% |
| Financial debts | 43 | €21,180 | €25,575 | +€4,394 | +20.7% |
| Credit institutions | 430/8 | €21,180 | €25,575 | +€4,394 | +20.7% |
| Trade debts | 44 | - | €5,986 | +€5,986 | |
| Suppliers | 440/4 | - | €5,986 | +€5,986 | |
| Taxes, remuneration and social security | 45 | - | €18,085 | +€18,085 | |
| Taxes | 450/3 | - | €18,085 | +€18,085 | |
| Other amounts payable | 47/48 | €120,219 | €70,328 | -€49,891 | -41.5% |
| Remuneration, social security and pensions | 62 | €77,734 | €71,923 | -€5,811 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,385 | €27,810 | -€575 | -2.0% |
| Other operating charges | 640/8 | €2,362 | €2,647 | +€285 | +12.0% |
| Non-recurring operating charges | 66A | - | €8,040 | +€8,040 | |
| Gross operating margin | 9900 | €106,515 | €128,264 | +€21,749 | +20.4% |
| Operating profit (loss) | 9901 | -€1,966 | €17,845 | +€19,812 | |
| Financial income | 75/76B | €266 | €22 | -€243 | -91.7% |
| Recurring financial income | 75 | €266 | €22 | -€243 | -91.7% |
| Financial charges | 65/66B | €15,442 | €20,047 | +€4,605 | +29.8% |
| Recurring financial charges | 65 | €15,442 | €20,047 | +€4,605 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,143 | -€2,179 | +€14,963 | +87.3% |
| Income taxes | 67/77 | €203 | €178 | -€24 | -12.0% |
| Profit (loss) for the period | 9904 | -€17,346 | -€2,358 | +€14,988 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,346 | -€2,358 | +€14,988 | +86.4% |
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 1 November 2026 via checked.be.