TIJDOK: 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.
TIJDOK
Largest movements
- Tangible fixed assets +€59,959
up €59,959 (+27.9%), from €215,027 to €274,986
of which Land and buildings: +€62,457
- Cash -€17,067
down €17,067 (-14.5%), from €117,948 to €100,881
mainly Investment in fixed assets (net) (-€94,324) and Other debts (-€4,134)
- Receivables within one year -€14,103
down €14,103 (-51.4%), from €27,452 to €13,349
of which Trade receivables: -€10,154
- Reserves +€13,957
up €13,957 (+10.4%), from €134,649 to €148,606
- Current portion of long-term debt +€10,814
up €10,814 (+49.7%), from €21,749 to €32,563
- Debts after one year +€9,631
up €9,631 (+26.1%), from €36,868 to €46,499
- Other debts -€4,134
down €4,134 (-5.9%), from €69,784 to €65,649
- Gross operating margin +€18,208
up €18,208 (+15.3%), from €119,031 to €137,239
- Depreciation +€10,341
up €10,341 (+43.0%), from €24,024 to €34,365
- Staff costs +€7,053
up €7,053 (+11.7%), from €60,222 to €67,274
- Financial charges -€1,633
down €1,633 (-13.3%), from €12,280 to €10,647
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 | €378,706 | €405,697 | +€26,991 | +7.1% |
| Fixed assets | 21/28 | €215,027 | €274,986 | +€59,959 | +27.9% |
| Tangible fixed assets | 22/27 | €215,027 | €274,986 | +€59,959 | +27.9% |
| Land and buildings | 22 | €183,767 | €246,224 | +€62,457 | +34.0% |
| Plant, machinery and equipment | 23 | €28,234 | €26,758 | -€1,476 | -5.2% |
| Furniture and vehicles | 24 | €3,026 | €2,004 | -€1,022 | -33.8% |
| Current assets | 29/58 | €163,679 | €130,711 | -€32,969 | -20.1% |
| Stocks and contracts in progress | 3 | €15,756 | €15,928 | +€172 | +1.1% |
| Stocks | 30/36 | €15,756 | €15,928 | +€172 | +1.1% |
| Amounts receivable within one year | 40/41 | €27,452 | €13,349 | -€14,103 | -51.4% |
| Trade receivables | 40 | €23,092 | €12,938 | -€10,154 | -44.0% |
| Other amounts receivable | 41 | €4,360 | €411 | -€3,949 | -90.6% |
| Cash at bank and in hand | 54/58 | €117,948 | €100,881 | -€17,067 | -14.5% |
| Deferred charges and accrued income | 490/1 | €2,523 | €553 | -€1,971 | -78.1% |
| Total equity and liabilities | 10/49 | €378,706 | €405,697 | +€26,991 | +7.1% |
| Equity | 10/15 | €159,649 | €173,606 | +€13,957 | +8.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €134,649 | €148,606 | +€13,957 | +10.4% |
| Distributable reserves | 133 | €134,649 | €148,606 | +€13,957 | +10.4% |
| Amounts payable | 17/49 | €219,057 | €232,091 | +€13,034 | +5.9% |
| Amounts payable after more than one year | 17 | €36,868 | €46,499 | +€9,631 | +26.1% |
| Financial debts | 170/4 | €36,868 | €46,499 | +€9,631 | +26.1% |
| Amounts payable within one year | 42/48 | €166,257 | €171,954 | +€5,697 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €21,749 | €32,563 | +€10,814 | +49.7% |
| Trade debts | 44 | €22,925 | €24,241 | +€1,316 | +5.7% |
| Suppliers | 440/4 | €22,925 | €24,241 | +€1,316 | +5.7% |
| Advances received on contracts in progress | 46 | €1,247 | €2,124 | +€877 | +70.3% |
| Taxes, remuneration and social security | 45 | €50,552 | €47,377 | -€3,175 | -6.3% |
| Taxes | 450/3 | €36,602 | €34,820 | -€1,782 | -4.9% |
| Remuneration and social security | 454/9 | €13,950 | €12,557 | -€1,393 | -10.0% |
| Other amounts payable | 47/48 | €69,784 | €65,649 | -€4,134 | -5.9% |
| Accrued charges and deferred income | 492/3 | €15,933 | €13,638 | -€2,295 | -14.4% |
| Remuneration, social security and pensions | 62 | €60,222 | €67,274 | +€7,053 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,024 | €34,365 | +€10,341 | +43.0% |
| Other operating charges | 640/8 | €4,884 | €5,655 | +€771 | +15.8% |
| Gross operating margin | 9900 | €119,031 | €137,239 | +€18,208 | +15.3% |
| Operating profit (loss) | 9901 | €29,902 | €29,945 | +€43 | +0.1% |
| Financial income | 75/76B | €899 | €1,279 | +€380 | +42.3% |
| Recurring financial income | 75 | €899 | €1,279 | +€380 | +42.3% |
| Financial charges | 65/66B | €12,280 | €10,647 | -€1,633 | -13.3% |
| Recurring financial charges | 65 | €12,280 | €10,647 | -€1,633 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €18,521 | €20,577 | +€2,057 | +11.1% |
| Income taxes | 67/77 | €6,658 | €6,620 | -€38 | -0.6% |
| Profit (loss) for the period | 9904 | €11,863 | €13,957 | +€2,095 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,863 | €13,957 | +€2,095 | +17.7% |
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 17 October 2026 via checked.be.