Team n 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.
Team n Time
Largest movements
- Receivables within one year +€265,270
up €265,270 (+389%), from €68,239 to €333,509
of which Other amounts receivable: +€208,252
- Cash -€101,596
down €101,596 (-34.4%), from €295,766 to €194,170
mainly Net result for the year (-€1.5m) and Investment in fixed assets (net) (-€485,754)
- Profit (loss) carried forward -€1.5m
down €1.5m (-201%), from -€728,902 to -€2.2m
- Contributions +€810,836
up €810,836 (+45.6%), from €1.8m to €2.6m
- Debts after one year +€640,069
up €640,069 (+142%), from €451,500 to €1.1m
- Trade debts +€170,799
up €170,799 (+176%), from €97,292 to €268,090
- Current portion of long-term debt +€127,704
new in 2025: €127,704
- Gross operating margin -€1.2m
down €1.2m, from €475,425 to -€689,633
- Depreciation +€360,919
up €360,919 (+321%), from €112,340 to €473,259
- Other operating charges -€70,168
down €70,168 (-99.8%), from €70,309 to €141
- Staff costs +€43,810
up €43,810 (+24.9%), from €176,083 to €219,893
- Financial charges +€12,290
up €12,290 (+18.0%), from €68,339 to €80,629
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 | €1,890,950 | €2,081,453 | +€190,504 | +10.1% |
| Fixed assets | 21/28 | €1,513,527 | €1,526,022 | +€12,495 | +0.8% |
| Intangible fixed assets | 21 | €1,508,931 | €1,510,740 | +€1,810 | +0.1% |
| Tangible fixed assets | 22/27 | €1,221 | €9,682 | +€8,461 | +693% |
| Furniture and vehicles | 24 | €1,221 | €9,682 | +€8,461 | +693% |
| Financial fixed assets | 28 | €3,375 | €5,600 | +€2,225 | +65.9% |
| Current assets | 29/58 | €377,423 | €555,432 | +€178,008 | +47.2% |
| Amounts receivable within one year | 40/41 | €68,239 | €333,509 | +€265,270 | +389% |
| Trade receivables | 40 | €0 | €57,018 | +€57,018 | |
| Other amounts receivable | 41 | €68,239 | €276,491 | +€208,252 | +305% |
| Cash at bank and in hand | 54/58 | €295,766 | €194,170 | -€101,596 | -34.4% |
| Deferred charges and accrued income | 490/1 | €13,418 | €27,753 | +€14,335 | +107% |
| Total equity and liabilities | 10/49 | €1,890,950 | €2,081,453 | +€190,504 | +10.1% |
| Equity | 10/15 | €1,108,346 | €455,225 | -€653,121 | -58.9% |
| Contributions | 10/11 | €1,778,159 | €2,588,994 | +€810,836 | +45.6% |
| Reserves | 13 | €59,089 | €59,089 | = | 0.0% |
| Tax-exempt reserves | 132 | €117 | €117 | = | 0.0% |
| Distributable reserves | 133 | €58,972 | €58,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€728,902 | -€2,192,858 | -€1.5m | -201% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €782,604 | €1,626,229 | +€843,625 | +108% |
| Amounts payable after more than one year | 17 | €451,500 | €1,091,569 | +€640,069 | +142% |
| Financial debts | 170/4 | €451,500 | €1,091,569 | +€640,069 | +142% |
| Amounts payable within one year | 42/48 | €183,945 | €435,860 | +€251,915 | +137% |
| Current portion of amounts payable after more than one year | 42 | - | €127,704 | +€127,704 | |
| Trade debts | 44 | €97,292 | €268,090 | +€170,799 | +176% |
| Suppliers | 440/4 | €97,292 | €268,090 | +€170,799 | +176% |
| Taxes, remuneration and social security | 45 | €40,785 | €39,197 | -€1,587 | -3.9% |
| Taxes | 450/3 | €21,948 | €4,328 | -€17,620 | -80.3% |
| Remuneration and social security | 454/9 | €18,837 | €34,870 | +€16,033 | +85.1% |
| Other amounts payable | 47/48 | €45,868 | €868 | -€45,000 | -98.1% |
| Accrued charges and deferred income | 492/3 | €147,159 | €98,800 | -€48,360 | -32.9% |
| Remuneration, social security and pensions | 62 | €176,083 | €219,893 | +€43,810 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,340 | €473,259 | +€360,919 | +321% |
| Other operating charges | 640/8 | €70,309 | €141 | -€70,168 | -99.8% |
| Gross operating margin | 9900 | €475,425 | -€689,633 | -€1.2m | |
| Operating profit (loss) | 9901 | €116,692 | -€1,382,925 | -€1.5m | |
| Financial income | 75/76B | €25 | €1 | -€25 | -97.2% |
| Recurring financial income | 75 | €25 | €1 | -€25 | -97.2% |
| Financial charges | 65/66B | €68,339 | €80,629 | +€12,290 | +18.0% |
| Recurring financial charges | 65 | €68,339 | €80,629 | +€12,290 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €48,379 | -€1,463,554 | -€1.5m | |
| Income taxes | 67/77 | €236 | €403 | +€166 | +70.3% |
| Profit (loss) for the period | 9904 | €48,142 | -€1,463,956 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €48,142 | -€1,463,956 | -€1.5m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.