T-Times: 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.
T-Times
Largest movements
- Cash -€8,042
down €8,042 (-96.0%), from €8,376 to €334
mainly Other debts (-€7,606) and Tax, wage and social debts (-€3,378)
- Receivables within one year -€2,801
down €2,801 (-5.3%), from €53,056 to €50,254
of which Trade receivables: -€3,200
- Other debts -€7,606
down €7,606 (-15.1%), from €50,279 to €42,673
- Tax, wage and social debts -€3,378
no longer reported in 2025 (was €3,378)
- Trade debts +€2,282
new in 2025: €2,282
- Profit (loss) carried forward -€2,142
down €2,142 (-3.9%), from -€54,332 to -€56,473
- Gross operating margin -€14,797
down €14,797, from €12,911 to -€1,886
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 | €61,432 | €50,588 | -€10,844 | -17.7% |
| Current assets | 29/58 | €61,432 | €50,588 | -€10,844 | -17.7% |
| Amounts receivable within one year | 40/41 | €53,056 | €50,254 | -€2,801 | -5.3% |
| Trade receivables | 40 | €53,050 | €49,850 | -€3,200 | -6.0% |
| Other amounts receivable | 41 | €6 | €404 | +€399 | +7,174% |
| Cash at bank and in hand | 54/58 | €8,376 | €334 | -€8,042 | -96.0% |
| Total equity and liabilities | 10/49 | €61,432 | €50,588 | -€10,844 | -17.7% |
| Equity | 10/15 | €7,775 | €5,634 | -€2,142 | -27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,507 | €43,507 | = | 0.0% |
| Distributable reserves | 133 | €43,507 | €43,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,332 | -€56,473 | -€2,142 | -3.9% |
| Amounts payable | 17/49 | €53,657 | €44,955 | -€8,702 | -16.2% |
| Amounts payable within one year | 42/48 | €53,657 | €44,955 | -€8,702 | -16.2% |
| Trade debts | 44 | - | €2,282 | +€2,282 | |
| Suppliers | 440/4 | - | €2,282 | +€2,282 | |
| Taxes, remuneration and social security | 45 | €3,378 | - | -€3,378 | |
| Taxes | 450/3 | €3,378 | - | -€3,378 | |
| Other amounts payable | 47/48 | €50,279 | €42,673 | -€7,606 | -15.1% |
| Other operating charges | 640/8 | €100 | €214 | +€114 | +114% |
| Gross operating margin | 9900 | €12,911 | -€1,886 | -€14,797 | |
| Operating profit (loss) | 9901 | €12,811 | -€2,099 | -€14,911 | |
| Financial charges | 65/66B | €39 | €42 | +€3 | +6.8% |
| Recurring financial charges | 65 | €39 | €42 | +€3 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €12,772 | -€2,142 | -€14,913 | |
| Profit (loss) for the period | 9904 | €12,772 | -€2,142 | -€14,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,772 | -€2,142 | -€14,913 |
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 28 October 2026 via checked.be.