THE RIGHT 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.
THE RIGHT TIME
Largest movements
- Stocks and contracts -€10,673
down €10,673 (-40.9%), from €26,110 to €15,437
- Receivables within one year +€5,186
up €5,186 (+8.9%), from €58,557 to €63,743
of which Trade receivables: +€5,750
- Trade debts -€31,759
down €31,759 (-73.1%), from €43,472 to €11,713
- Profit (loss) carried forward +€27,250
up €27,250 (+37.6%), from -€72,467 to -€45,217
- Tax, wage and social debts +€13,430
up €13,430 (+62.2%), from €21,600 to €35,030
- Other debts -€13,414
down €13,414 (-9.5%), from €140,932 to €127,518
- Gross operating margin +€29,440
up €29,440 (+19,876%), from €148 to €29,588
- Financial income -€5,936
no longer reported in 2025 (was €5,936)
of which Financial income: -€5,936
- Other operating charges -€463
down €463 (-33.4%), from €1,388 to €925
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 | €172,254 | €167,644 | -€4,611 | -2.7% |
| Fixed assets | 21/28 | €745 | €415 | -€330 | -44.3% |
| Tangible fixed assets | 22/27 | €745 | €415 | -€330 | -44.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €745 | €415 | -€330 | -44.3% |
| Current assets | 29/58 | €171,509 | €167,228 | -€4,280 | -2.5% |
| Stocks and contracts in progress | 3 | €26,110 | €15,437 | -€10,673 | -40.9% |
| Stocks | 30/36 | €26,110 | €15,437 | -€10,673 | -40.9% |
| Amounts receivable within one year | 40/41 | €58,557 | €63,743 | +€5,186 | +8.9% |
| Trade receivables | 40 | €56,913 | €62,663 | +€5,750 | +10.1% |
| Other amounts receivable | 41 | €1,644 | €1,080 | -€564 | -34.3% |
| Cash at bank and in hand | 54/58 | €86,593 | €87,997 | +€1,404 | +1.6% |
| Deferred charges and accrued income | 490/1 | €249 | €52 | -€197 | -79.2% |
| Total equity and liabilities | 10/49 | €172,254 | €167,644 | -€4,611 | -2.7% |
| Equity | 10/15 | -€53,867 | -€26,617 | +€27,250 | +50.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,467 | -€45,217 | +€27,250 | +37.6% |
| Amounts payable | 17/49 | €226,122 | €194,261 | -€31,861 | -14.1% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €206,004 | €174,261 | -€31,743 | -15.4% |
| Trade debts | 44 | €43,472 | €11,713 | -€31,759 | -73.1% |
| Suppliers | 440/4 | €43,472 | €11,713 | -€31,759 | -73.1% |
| Taxes, remuneration and social security | 45 | €21,600 | €35,030 | +€13,430 | +62.2% |
| Taxes | 450/3 | €21,600 | €35,030 | +€13,430 | +62.2% |
| Other amounts payable | 47/48 | €140,932 | €127,518 | -€13,414 | -9.5% |
| Accrued charges and deferred income | 492/3 | €118 | €0 | -€118 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €330 | -€81 | -19.7% |
| Other operating charges | 640/8 | €1,388 | €925 | -€463 | -33.4% |
| Gross operating margin | 9900 | €148 | €29,588 | +€29,440 | +19,876% |
| Operating profit (loss) | 9901 | -€1,651 | €28,333 | +€29,984 | |
| Financial income | 75/76B | €5,936 | - | -€5,936 | |
| Recurring financial income | 75 | €5,936 | - | -€5,936 | |
| Non-recurring financial income | 76B | €5,936 | - | -€5,936 | |
| Financial charges | 65/66B | €758 | €656 | -€101 | -13.4% |
| Recurring financial charges | 65 | €758 | €656 | -€101 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €3,528 | €27,677 | +€24,149 | +685% |
| Income taxes | 67/77 | €353 | €427 | +€73 | +20.8% |
| Profit (loss) for the period | 9904 | €3,174 | €27,250 | +€24,076 | +758% |
| Profit (loss) for the period to be appropriated | 9905 | €3,174 | €27,250 | +€24,076 | +758% |
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.