Real Timing: 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.
Real Timing
Largest movements
- Cash +€62,257
up €62,257 (+67.4%), from €92,380 to €154,637
mainly Net result for the year (+€100,142) and Depreciation (+€10,036)
- Profit (loss) carried forward +€100,142
up €100,142 (+78.6%), from €127,466 to €227,608
- Tax, wage and social debts -€32,628
down €32,628 (-72.1%), from €45,245 to €12,617
of which Taxes: -€30,374
- Trade debts +€4,443
up €4,443 (+985%), from €451 to €4,895
- Depreciation -€31,553
down €31,553 (-75.9%), from €41,589 to €10,036
- Gross operating margin +€25,057
up €25,057 (+20.8%), from €120,407 to €145,464
- Taxes +€11,703
up €11,703 (+76.1%), from €15,388 to €27,091
- Financial charges +€2,148
up €2,148 (+33.0%), from €6,501 to €8,649
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 | €357,656 | €426,840 | +€69,185 | +19.3% |
| Fixed assets | 21/28 | €235,205 | €239,098 | +€3,893 | +1.7% |
| Tangible fixed assets | 22/27 | €235,205 | €239,098 | +€3,893 | +1.7% |
| Land and buildings | 22 | €235,205 | €228,012 | -€7,193 | -3.1% |
| Furniture and vehicles | 24 | - | €11,086 | +€11,086 | |
| Current assets | 29/58 | €122,451 | €187,743 | +€65,292 | +53.3% |
| Amounts receivable within one year | 40/41 | €30,071 | €33,106 | +€3,035 | +10.1% |
| Trade receivables | 40 | €30,059 | €33,088 | +€3,029 | +10.1% |
| Other amounts receivable | 41 | €12 | €18 | +€6 | +50.0% |
| Cash at bank and in hand | 54/58 | €92,380 | €154,637 | +€62,257 | +67.4% |
| Total equity and liabilities | 10/49 | €357,656 | €426,840 | +€69,185 | +19.3% |
| Equity | 10/15 | €130,466 | €230,608 | +€100,142 | +76.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,466 | €227,608 | +€100,142 | +78.6% |
| Amounts payable | 17/49 | €227,190 | €196,232 | -€30,958 | -13.6% |
| Amounts payable after more than one year | 17 | €174,940 | €171,931 | -€3,010 | -1.7% |
| Other amounts payable | 178/9 | €174,940 | €171,931 | -€3,010 | -1.7% |
| Amounts payable within one year | 42/48 | €52,249 | €24,301 | -€27,948 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €6,553 | €6,790 | +€236 | +3.6% |
| Trade debts | 44 | €451 | €4,895 | +€4,443 | +985% |
| Suppliers | 440/4 | €451 | €4,895 | +€4,443 | +985% |
| Taxes, remuneration and social security | 45 | €45,245 | €12,617 | -€32,628 | -72.1% |
| Taxes | 450/3 | €42,991 | €12,617 | -€30,374 | -70.7% |
| Remuneration and social security | 454/9 | €2,253 | - | -€2,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,589 | €10,036 | -€31,553 | -75.9% |
| Other operating charges | 640/8 | €1,365 | €881 | -€483 | -35.4% |
| Gross operating margin | 9900 | €120,407 | €145,464 | +€25,057 | +20.8% |
| Operating profit (loss) | 9901 | €77,453 | €134,547 | +€57,093 | +73.7% |
| Financial income | 75/76B | €395 | €1,335 | +€940 | +238% |
| Recurring financial income | 75 | €395 | €1,335 | +€940 | +238% |
| Financial charges | 65/66B | €6,501 | €8,649 | +€2,148 | +33.0% |
| Recurring financial charges | 65 | €6,501 | €8,649 | +€2,148 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €71,348 | €127,233 | +€55,885 | +78.3% |
| Income taxes | 67/77 | €15,388 | €27,091 | +€11,703 | +76.1% |
| Profit (loss) for the period | 9904 | €55,960 | €100,142 | +€44,183 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,960 | €100,142 | +€44,183 | +79.0% |
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 13 October 2026 via checked.be.