ON TIME PRODUCTS: 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.
ON TIME PRODUCTS
Largest movements
- Tangible fixed assets -€184,037
down €184,037 (-42.9%), from €429,286 to €245,248
of which Plant, machinery and equipment: -€162,201
- Receivables within one year -€22,310
down €22,310 (-20.0%), from €111,776 to €89,466
of which Trade receivables: -€14,763
- Cash +€19,742
up €19,742 (+27.2%), from €72,638 to €92,381
mainly Depreciation (+€185,117) and Receivables within one year (+€22,310)
- Deferred charges and accrued income +€6,606
new in 2025: €6,606
- Debts after one year -€121,515
down €121,515 (-32.0%), from €379,853 to €258,338
- Profit (loss) carried forward -€44,326
down €44,326, from €16,488 to -€27,837
- Current portion of long-term debt -€21,401
down €21,401 (-14.5%), from €147,142 to €125,741
- Gross operating margin -€38,833
down €38,833 (-18.5%), from €210,439 to €171,606
- Depreciation -€8,936
down €8,936 (-4.6%), from €194,053 to €185,117
- Taxes -€6,941
no longer reported in 2025 (was €6,941)
- Financial charges -€6,380
down €6,380 (-25.3%), from €25,228 to €18,848
- Staff costs +€3,593
new in 2025: €3,593
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 | €613,700 | €433,701 | -€179,999 | -29.3% |
| Fixed assets | 21/28 | €429,286 | €245,248 | -€184,037 | -42.9% |
| Tangible fixed assets | 22/27 | €429,286 | €245,248 | -€184,037 | -42.9% |
| Land and buildings | 22 | €70,306 | €57,596 | -€12,711 | -18.1% |
| Plant, machinery and equipment | 23 | €328,819 | €166,618 | -€162,201 | -49.3% |
| Furniture and vehicles | 24 | €30,161 | €21,035 | -€9,126 | -30.3% |
| Current assets | 29/58 | €184,414 | €188,452 | +€4,038 | +2.2% |
| Amounts receivable within one year | 40/41 | €111,776 | €89,466 | -€22,310 | -20.0% |
| Trade receivables | 40 | €66,789 | €52,026 | -€14,763 | -22.1% |
| Other amounts receivable | 41 | €44,987 | €37,439 | -€7,548 | -16.8% |
| Cash at bank and in hand | 54/58 | €72,638 | €92,381 | +€19,742 | +27.2% |
| Deferred charges and accrued income | 490/1 | - | €6,606 | +€6,606 | |
| Total equity and liabilities | 10/49 | €613,700 | €433,701 | -€179,999 | -29.3% |
| Equity | 10/15 | €46,940 | €2,615 | -€44,326 | -94.4% |
| Contributions | 10/11 | €8,360 | €8,360 | = | 0.0% |
| Reserves | 13 | €22,092 | €22,092 | = | 0.0% |
| Distributable reserves | 133 | €22,092 | €22,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,488 | -€27,837 | -€44,326 | |
| Amounts payable | 17/49 | €566,760 | €431,086 | -€135,674 | -23.9% |
| Amounts payable after more than one year | 17 | €379,853 | €258,338 | -€121,515 | -32.0% |
| Financial debts | 170/4 | €379,853 | €258,338 | -€121,515 | -32.0% |
| Amounts payable within one year | 42/48 | €186,907 | €172,748 | -€14,158 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €147,142 | €125,741 | -€21,401 | -14.5% |
| Financial debts | 43 | - | €4,078 | +€4,078 | |
| Credit institutions | 430/8 | - | €4,078 | +€4,078 | |
| Trade debts | 44 | €5,059 | €3,123 | -€1,936 | -38.3% |
| Suppliers | 440/4 | €5,059 | €3,123 | -€1,936 | -38.3% |
| Taxes, remuneration and social security | 45 | - | €5,101 | +€5,101 | |
| Taxes | 450/3 | - | €5,101 | +€5,101 | |
| Other amounts payable | 47/48 | €34,706 | €34,706 | = | 0.0% |
| Non-recurring operating income | 76A | €275 | - | -€275 | |
| Remuneration, social security and pensions | 62 | - | €3,593 | +€3,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,053 | €185,117 | -€8,936 | -4.6% |
| Other operating charges | 640/8 | €6,886 | €8,387 | +€1,501 | +21.8% |
| Gross operating margin | 9900 | €210,439 | €171,606 | -€38,833 | -18.5% |
| Operating profit (loss) | 9901 | €9,500 | -€25,491 | -€34,991 | |
| Financial income | 75/76B | €2 | €13 | +€11 | +573% |
| Recurring financial income | 75 | €2 | €13 | +€11 | +573% |
| Financial charges | 65/66B | €25,228 | €18,848 | -€6,380 | -25.3% |
| Recurring financial charges | 65 | €25,228 | €18,848 | -€6,380 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,726 | -€44,326 | -€28,599 | -182% |
| Income taxes | 67/77 | €6,941 | - | -€6,941 | |
| Profit (loss) for the period | 9904 | -€22,667 | -€44,326 | -€21,658 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,667 | -€44,326 | -€21,658 | -95.5% |
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.