Lost 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.
Lost Time
Largest movements
- Cash -€52,040
down €52,040 (-55.0%), from €94,679 to €42,639
mainly Contributions, distributions and other (-€175,000) and Other debts (-€79,400)
- Receivables within one year -€39,113
down €39,113 (-97.4%), from €40,141 to €1,029
of which Trade receivables: -€39,003
- Other debts -€79,400
down €79,400 (-96.9%), from €81,950 to €2,550
- Tax, wage and social debts -€19,719
down €19,719 (-77.9%), from €25,320 to €5,601
- Reserves +€7,952
up €7,952 (+48.2%), from €16,484 to €24,436
- Gross operating margin +€4,625
up €4,625 (+1.9%), from €243,188 to €247,814
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 | €143,258 | €51,181 | -€92,077 | -64.3% |
| Fixed assets | 21/28 | €4,933 | €3,540 | -€1,393 | -28.2% |
| Tangible fixed assets | 22/27 | €4,933 | €3,540 | -€1,393 | -28.2% |
| Plant, machinery and equipment | 23 | €1,444 | €1,124 | -€319 | -22.1% |
| Furniture and vehicles | 24 | €3,489 | €2,416 | -€1,073 | -30.8% |
| Current assets | 29/58 | €138,325 | €47,641 | -€90,685 | -65.6% |
| Amounts receivable within one year | 40/41 | €40,141 | €1,029 | -€39,113 | -97.4% |
| Trade receivables | 40 | €40,032 | €1,029 | -€39,003 | -97.4% |
| Other amounts receivable | 41 | €109 | - | -€109 | |
| Cash at bank and in hand | 54/58 | €94,679 | €42,639 | -€52,040 | -55.0% |
| Deferred charges and accrued income | 490/1 | €3,505 | €3,973 | +€468 | +13.4% |
| Total equity and liabilities | 10/49 | €143,258 | €51,181 | -€92,077 | -64.3% |
| Equity | 10/15 | €35,034 | €42,986 | +€7,952 | +22.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,484 | €24,436 | +€7,952 | +48.2% |
| Distributable reserves | 133 | €16,484 | €24,436 | +€7,952 | +48.2% |
| Amounts payable | 17/49 | €108,224 | €8,195 | -€100,029 | -92.4% |
| Amounts payable within one year | 42/48 | €108,224 | €8,195 | -€100,029 | -92.4% |
| Trade debts | 44 | €954 | €44 | -€910 | -95.4% |
| Suppliers | 440/4 | €954 | €44 | -€910 | -95.4% |
| Taxes, remuneration and social security | 45 | €25,320 | €5,601 | -€19,719 | -77.9% |
| Taxes | 450/3 | €25,320 | €5,601 | -€19,719 | -77.9% |
| Other amounts payable | 47/48 | €81,950 | €2,550 | -€79,400 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €1,393 | +€304 | +28.0% |
| Other operating charges | 640/8 | €591 | €607 | +€16 | +2.7% |
| Gross operating margin | 9900 | €243,188 | €247,814 | +€4,625 | +1.9% |
| Operating profit (loss) | 9901 | €241,509 | €245,814 | +€4,305 | +1.8% |
| Financial income | 75/76B | €10 | €207 | +€197 | +2063.3% |
| Recurring financial income | 75 | €10 | €207 | +€197 | +2063.3% |
| Financial charges | 65/66B | €139 | €180 | +€41 | +29.3% |
| Recurring financial charges | 65 | €139 | €180 | +€41 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €241,379 | €245,841 | +€4,461 | +1.8% |
| Income taxes | 67/77 | €61,684 | €62,889 | +€1,205 | +2.0% |
| Profit (loss) for the period | 9904 | €179,695 | €182,952 | +€3,257 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €179,695 | €182,952 | +€3,257 | +1.8% |
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 12 October 2026 via checked.be.