It Is Time: 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.
It Is Time
Largest movements
- Tangible fixed assets -€15,008
down €15,008 (-13.1%), from €114,967 to €99,959
of which Land and buildings: -€7,748
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Formation expenses +€12,413
new in 2025: €12,413
- Receivables within one year -€3,313
down €3,313 (-15.3%), from €21,710 to €18,397
of which Trade receivables: -€5,570
- Cash +€2,455
up €2,455 (+75.9%), from €3,236 to €5,692
mainly Depreciation (+€15,575) and Receivables after one year (+€15,000)
- Other debts -€23,819
down €23,819 (-31.3%), from €76,070 to €52,251
- Current portion of long-term debt -€7,073
no longer reported in 2025 (was €7,073)
- Trade debts +€6,701
up €6,701 (+90.2%), from €7,425 to €14,126
- Tax, wage and social debts +€4,003
up €4,003 (+322.7%), from €1,240 to €5,244
of which Remuneration and social security: +€2,320
- Reserves +€2,716
up €2,716 (+4.7%), from €58,271 to €60,987
- Gross operating margin -€29,965
down €29,965 (-58.9%), from €50,883 to €20,918
- Depreciation -€2,933
down €2,933 (-15.8%), from €18,509 to €15,575
- Other operating charges -€2,181
down €2,181 (-91.1%), from €2,394 to €213
- Taxes -€2,075
down €2,075 (-54.4%), from €3,817 to €1,742
- Financial income +€1,286
new in 2025: €1,286
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 | €165,387 | €146,858 | -€18,529 | -11.2% |
| Formation expenses | 20 | - | €12,413 | +€12,413 | |
| Fixed assets | 21/28 | €115,635 | €100,076 | -€15,558 | -13.5% |
| Intangible fixed assets | 21 | €668 | €118 | -€550 | -82.4% |
| Tangible fixed assets | 22/27 | €114,967 | €99,959 | -€15,008 | -13.1% |
| Land and buildings | 22 | €93,788 | €86,039 | -€7,748 | -8.3% |
| Plant, machinery and equipment | 23 | €2,018 | €1,770 | -€248 | -12.3% |
| Furniture and vehicles | 24 | €19,162 | €12,150 | -€7,012 | -36.6% |
| Current assets | 29/58 | €49,752 | €34,368 | -€15,384 | -30.9% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €21,710 | €18,397 | -€3,313 | -15.3% |
| Trade receivables | 40 | €18,526 | €12,956 | -€5,570 | -30.1% |
| Other amounts receivable | 41 | €3,184 | €5,441 | +€2,257 | +70.9% |
| Cash at bank and in hand | 54/58 | €3,236 | €5,692 | +€2,455 | +75.9% |
| Deferred charges and accrued income | 490/1 | €9,806 | €10,280 | +€474 | +4.8% |
| Total equity and liabilities | 10/49 | €165,387 | €146,858 | -€18,529 | -11.2% |
| Equity | 10/15 | €72,521 | €75,237 | +€2,716 | +3.7% |
| Contributions | 10/11 | €14,250 | €14,250 | = | 0.0% |
| Reserves | 13 | €58,271 | €60,987 | +€2,716 | +4.7% |
| Distributable reserves | 133 | €58,271 | €60,987 | +€2,716 | +4.7% |
| Amounts payable | 17/49 | €92,866 | €71,621 | -€21,245 | -22.9% |
| Amounts payable within one year | 42/48 | €91,809 | €71,621 | -€20,189 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €7,073 | - | -€7,073 | |
| Trade debts | 44 | €7,425 | €14,126 | +€6,701 | +90.2% |
| Suppliers | 440/4 | €7,425 | €14,126 | +€6,701 | +90.2% |
| Taxes, remuneration and social security | 45 | €1,240 | €5,244 | +€4,003 | +322.7% |
| Taxes | 450/3 | €1,175 | €2,858 | +€1,683 | +143.2% |
| Remuneration and social security | 454/9 | €65 | €2,386 | +€2,320 | +3549.0% |
| Other amounts payable | 47/48 | €76,070 | €52,251 | -€23,819 | -31.3% |
| Accrued charges and deferred income | 492/3 | €1,056 | - | -€1,056 | |
| Non-recurring operating income | 76A | - | €620 | +€620 | |
| Remuneration, social security and pensions | 62 | €1,512 | €904 | -€608 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,509 | €15,575 | -€2,933 | -15.8% |
| Other operating charges | 640/8 | €2,394 | €213 | -€2,181 | -91.1% |
| Gross operating margin | 9900 | €50,883 | €20,918 | -€29,965 | -58.9% |
| Operating profit (loss) | 9901 | €28,468 | €4,225 | -€24,243 | -85.2% |
| Financial income | 75/76B | - | €1,286 | +€1,286 | |
| Recurring financial income | 75 | - | €1,286 | +€1,286 | |
| Financial charges | 65/66B | €1,584 | €1,053 | -€531 | -33.5% |
| Recurring financial charges | 65 | €1,584 | €1,053 | -€531 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €26,884 | €4,458 | -€22,426 | -83.4% |
| Income taxes | 67/77 | €3,817 | €1,742 | -€2,075 | -54.4% |
| Profit (loss) for the period | 9904 | €23,067 | €2,716 | -€20,351 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,067 | €2,716 | -€20,351 | -88.2% |
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 9 October 2026 via checked.be.