The Time Hub: 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 Time Hub
Largest movements
- Receivables within one year -€8,750
down €8,750 (-55.0%), from €15,901 to €7,151
of which Trade receivables: -€13,251
- Cash +€2,147
up €2,147 (+24.2%), from €8,876 to €11,023
mainly Receivables within one year (+€8,750) and Depreciation (+€2,736)
- Intangible fixed assets -€2,138
down €2,138 (-32.1%), from €6,650 to €4,512
- Deferred charges and accrued income -€749
down €749 (-68.4%), from €1,095 to €346
- Tangible fixed assets -€598
down €598 (-26.1%), from €2,294 to €1,696
- Trade debts -€4,514
down €4,514 (-45.1%), from €10,012 to €5,498
- Other debts -€3,417
down €3,417 (-100%), from €3,417 to €0
- Debts after one year -€2,314
down €2,314 (-11.2%), from €20,573 to €18,259
- Tax, wage and social debts -€1,957
down €1,957 (-82.3%), from €2,379 to €422
- Short-term financial debts +€1,703
up €1,703 (+395%), from €431 to €2,135
- Gross operating margin +€10,459
up €10,459, from -€4,858 to €5,601
- Other operating charges -€447
down €447 (-44.6%), from €1,001 to €555
- Financial charges -€251
down €251 (-19.2%), from €1,307 to €1,056
- Taxes +€164
up €164, from €0 to €164
- Financial income +€128
up €128, from €0 to €128
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 | €34,816 | €24,728 | -€10,088 | -29.0% |
| Fixed assets | 21/28 | €8,945 | €6,209 | -€2,736 | -30.6% |
| Intangible fixed assets | 21 | €6,650 | €4,512 | -€2,138 | -32.1% |
| Tangible fixed assets | 22/27 | €2,294 | €1,696 | -€598 | -26.1% |
| Furniture and vehicles | 24 | €2,294 | €1,696 | -€598 | -26.1% |
| Current assets | 29/58 | €25,872 | €18,520 | -€7,352 | -28.4% |
| Amounts receivable within one year | 40/41 | €15,901 | €7,151 | -€8,750 | -55.0% |
| Trade receivables | 40 | €14,310 | €1,059 | -€13,251 | -92.6% |
| Other amounts receivable | 41 | €1,591 | €6,092 | +€4,501 | +283% |
| Cash at bank and in hand | 54/58 | €8,876 | €11,023 | +€2,147 | +24.2% |
| Deferred charges and accrued income | 490/1 | €1,095 | €346 | -€749 | -68.4% |
| Total equity and liabilities | 10/49 | €34,816 | €24,728 | -€10,088 | -29.0% |
| Equity | 10/15 | -€5,617 | -€3,899 | +€1,718 | +30.6% |
| Contributions | 10/11 | €2,500 | €3,000 | +€500 | +20.0% |
| Reserves | 13 | €1,731 | €1,731 | = | 0.0% |
| Distributable reserves | 133 | €1,731 | €1,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,848 | -€8,630 | +€1,218 | +12.4% |
| Amounts payable | 17/49 | €40,433 | €28,628 | -€11,806 | -29.2% |
| Amounts payable after more than one year | 17 | €20,573 | €18,259 | -€2,314 | -11.2% |
| Financial debts | 170/4 | €20,573 | €18,259 | -€2,314 | -11.2% |
| Amounts payable within one year | 42/48 | €18,260 | €10,368 | -€7,892 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €2,021 | €2,314 | +€292 | +14.5% |
| Financial debts | 43 | €431 | €2,135 | +€1,703 | +395% |
| Credit institutions | 430/8 | €431 | €2,135 | +€1,703 | +395% |
| Trade debts | 44 | €10,012 | €5,498 | -€4,514 | -45.1% |
| Suppliers | 440/4 | €10,012 | €5,498 | -€4,514 | -45.1% |
| Taxes, remuneration and social security | 45 | €2,379 | €422 | -€1,957 | -82.3% |
| Taxes | 450/3 | €2,379 | €422 | -€1,957 | -82.3% |
| Other amounts payable | 47/48 | €3,417 | €0 | -€3,417 | -100% |
| Accrued charges and deferred income | 492/3 | €1,600 | €0 | -€1,600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,682 | €2,736 | +€55 | +2.0% |
| Other operating charges | 640/8 | €1,001 | €555 | -€447 | -44.6% |
| Gross operating margin | 9900 | -€4,858 | €5,601 | +€10,459 | |
| Operating profit (loss) | 9901 | -€8,541 | €2,310 | +€10,851 | |
| Financial income | 75/76B | €0 | €128 | +€128 | |
| Recurring financial income | 75 | €0 | €128 | +€128 | |
| Financial charges | 65/66B | €1,307 | €1,056 | -€251 | -19.2% |
| Recurring financial charges | 65 | €1,307 | €1,056 | -€251 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,848 | €1,382 | +€11,230 | |
| Income taxes | 67/77 | €0 | €164 | +€164 | |
| Profit (loss) for the period | 9904 | -€9,848 | €1,218 | +€11,066 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,848 | €1,218 | +€11,066 |
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 26 October 2026 via checked.be.