ON TIME SOLUTIONS: 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.
What changed
ON TIME SOLUTIONS
NACE 53.200, Other postal and courier activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€678,904
2024 · €1.0m-€337,002
Equity
€3.4m
2024 · €2.8m+€678,904
Cash
€399,827
2024 · €428,018-€28,191
Balance sheet total
€8.0m
2024 · €6.4m+€1.6m
Largest movements
Assets
- Financial fixed assets +€1.2m
up €1.2m (+31.6%), from €3.7m to €4.9m
of which Affiliated companies: +€1.2m
- Receivables within one year +€291,814
up €291,814 (+14.1%), from €2.1m to €2.4m
of which Trade receivables: +€412,470
- Tangible fixed assets +€80,494
up €80,494 (+57.2%), from €140,641 to €221,135
of which Furniture and vehicles: +€91,403
Equity and liabilities
- Reserves +€679,000
up €679,000 (+36.5%), from €1.9m to €2.5m
of which Distributable reserves: +€679,000
- Trade debts +€526,754
up €526,754 (+52.1%), from €1.0m to €1.5m
- Tax, wage and social debts +€244,123
up €244,123 (+44.8%), from €544,570 to €788,693
of which Taxes: +€139,365
- Current portion of long-term debt +€198,408
new in 2025: €198,408
- Accrued charges and deferred income -€92,167
down €92,167 (-67.0%), from €137,495 to €45,327
Income statement
- Turnover +€1.8m
up €1.8m (+13.9%), from €12.9m to €14.7m
- Financial income -€1.5m
down €1.5m (-100.0%), from €1.5m to €217
of which Non-recurring financial income: -€1.2m
- Financial charges -€1.1m
down €1.1m (-93.9%), from €1.1m to €70,459
of which Non-recurring financial charges: -€1.1m
- Goods and materials +€1.0m
up €1.0m (+15.6%), from €6.6m to €7.6m
- Staff costs +€340,457
up €340,457 (+8.9%), from €3.8m to €4.1m
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.
Result 2024
€1.0m
Turnover
+€1.8m
Other operating income
-€221,791
Goods and materials
-€1.0m
Services and other goods
+€149,912
Staff costs
-€340,457
Depreciation
-€53,607
Write-downs
+€46,108
Other operating charges
+€6,239
Other operating items
-€1,157
Financial income
-€1.5m
Financial charges
+€1.1m
Taxes
-€250,484
Result 2025
€678,904
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€1.4m
Financing
+€198,408
Cash 2024
€428,018
From operations (derived)
+€1.1m
Net result for the year
+€678,904
Depreciation
+€112,507
Receivables within one year
-€291,814
Deferred charges and accrued income
-€51,232
Trade debts
+€526,754
Tax, wage and social debts
+€244,123
Other debts
+€12,787
Accrued charges and deferred income
-€92,167
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€198,408
Current portion of long-term debt
+€198,408
Cash 2025
€399,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,409,163 | €7,977,971 | +€1.6m | +24.5% |
| Fixed assets | 21/28 | €3,855,381 | €5,109,334 | +€1.3m | +32.5% |
| Intangible fixed assets | 21 | €27,422 | €35,881 | +€8,459 | +30.8% |
| Tangible fixed assets | 22/27 | €140,641 | €221,135 | +€80,494 | +57.2% |
| Land and buildings | 22 | €2,319 | €3,366 | +€1,047 | +45.2% |
| Plant, machinery and equipment | 23 | €114,338 | €102,381 | -€11,956 | -10.5% |
| Furniture and vehicles | 24 | €23,984 | €115,387 | +€91,403 | +381% |
| Financial fixed assets | 28 | €3,687,318 | €4,852,318 | +€1.2m | +31.6% |
| Affiliated companies | 280/1 | €3,543,201 | €4,708,201 | +€1.2m | +32.9% |
| Participating interests | 280 | €3,543,201 | €4,708,201 | +€1.2m | +32.9% |
| Other financial fixed assets | 284/8 | €144,117 | €144,117 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €144,117 | €144,117 | = | 0.0% |
| Current assets | 29/58 | €2,553,782 | €2,868,637 | +€314,855 | +12.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,075,084 | €2,366,898 | +€291,814 | +14.1% |
| Trade receivables | 40 | €1,915,268 | €2,327,739 | +€412,470 | +21.5% |
| Other amounts receivable | 41 | €159,816 | €39,159 | -€120,657 | -75.5% |
| Cash at bank and in hand | 54/58 | €428,018 | €399,827 | -€28,191 | -6.6% |
| Deferred charges and accrued income | 490/1 | €50,679 | €101,911 | +€51,232 | +101% |
| Total equity and liabilities | 10/49 | €6,409,163 | €7,977,971 | +€1.6m | +24.5% |
| Equity | 10/15 | €2,766,959 | €3,445,863 | +€678,904 | +24.5% |
| Contributions | 10/11 | €907,653 | €907,653 | = | 0.0% |
| Capital | 10 | €907,653 | €907,653 | = | 0.0% |
| Issued capital | 100 | €907,653 | €907,653 | = | 0.0% |
| Reserves | 13 | €1,858,765 | €2,537,765 | +€679,000 | +36.5% |
| Non-distributable reserves | 130/1 | €90,765 | €90,765 | = | 0.0% |
| Legal reserve | 130 | €90,765 | €90,765 | = | 0.0% |
| Distributable reserves | 133 | €1,768,000 | €2,447,000 | +€679,000 | +38.4% |
| Profit (loss) carried forward | 14 | €540 | €444 | -€96 | -17.8% |
| Amounts payable | 17/49 | €3,642,204 | €4,532,108 | +€889,904 | +24.4% |
| Amounts payable within one year | 42/48 | €3,504,709 | €4,486,781 | +€982,071 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €198,408 | +€198,408 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,011,776 | €1,538,530 | +€526,754 | +52.1% |
| Suppliers | 440/4 | €1,011,776 | €1,538,530 | +€526,754 | +52.1% |
| Taxes, remuneration and social security | 45 | €544,570 | €788,693 | +€244,123 | +44.8% |
| Taxes | 450/3 | €156,690 | €296,056 | +€139,365 | +88.9% |
| Remuneration and social security | 454/9 | €387,880 | €492,637 | +€104,757 | +27.0% |
| Other amounts payable | 47/48 | €1,948,363 | €1,961,150 | +€12,787 | +0.7% |
| Accrued charges and deferred income | 492/3 | €137,495 | €45,327 | -€92,167 | -67.0% |
| Operating income | 70/76A | €13,721,631 | €15,291,290 | +€1.6m | +11.4% |
| Turnover | 70 | €12,867,733 | €14,660,339 | +€1.8m | +13.9% |
| Own construction capitalised | 72 | €6,423 | €5,266 | -€1,157 | -18.0% |
| Other operating income | 74 | €847,476 | €625,685 | -€221,791 | -26.2% |
| Operating charges | 60/66A | €13,070,064 | €14,286,621 | +€1.2m | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €6,571,439 | €7,596,191 | +€1.0m | +15.6% |
| Purchases | 600/8 | €6,571,439 | €7,596,191 | +€1.0m | +15.6% |
| Services and other goods | 61 | €2,559,398 | €2,409,486 | -€149,912 | -5.9% |
| Remuneration, social security and pensions | 62 | €3,806,126 | €4,146,583 | +€340,457 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,901 | €112,507 | +€53,607 | +91.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,580 | -€7,528 | -€46,108 | |
| Other operating charges | 640/8 | €35,620 | €29,381 | -€6,239 | -17.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €651,567 | €1,004,669 | +€353,103 | +54.2% |
| Financial income | 75/76B | €1,517,987 | €217 | -€1.5m | -100.0% |
| Recurring financial income | 75 | €306,832 | €217 | -€306,615 | -99.9% |
| Income from financial fixed assets | 750 | €301,000 | €0 | -€301,000 | -100% |
| Income from current assets | 751 | €7 | €23 | +€15 | +220% |
| Other financial income | 752/9 | €5,825 | €194 | -€5,630 | -96.7% |
| Non-recurring financial income | 76B | €1,211,155 | €0 | -€1.2m | -100% |
| Financial charges | 65/66B | €1,148,609 | €70,459 | -€1.1m | -93.9% |
| Recurring financial charges | 65 | €76,908 | €70,459 | -€6,449 | -8.4% |
| Debt charges | 650 | €68,632 | €61,855 | -€6,777 | -9.9% |
| Other financial charges | 652/9 | €8,276 | €8,604 | +€328 | +4.0% |
| Non-recurring financial charges | 66B | €1,071,701 | €0 | -€1.1m | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,020,944 | €934,427 | -€86,517 | -8.5% |
| Income taxes | 67/77 | €5,039 | €255,523 | +€250,484 | +4,971% |
| Taxes | 670/3 | €5,039 | €255,523 | +€250,484 | +4,971% |
| Profit (loss) for the period | 9904 | €1,015,906 | €678,904 | -€337,002 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,015,906 | €678,904 | -€337,002 | -33.2% |
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 16 October 2026 via checked.be.