TIJDSGEEST: 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.
TIJDSGEEST
Largest movements
- Stocks and contracts -€160,628
down €160,628 (-88.5%), from €181,599 to €20,971
- Cash +€152,550
up €152,550 (+84.3%), from €180,879 to €333,429
mainly Stocks and contracts (+€160,628) and Net result for the year (+€33,276)
- Tangible fixed assets -€11,343
down €11,343 (-16.0%), from €70,968 to €59,625
of which Furniture and vehicles: -€10,226
- Trade debts -€43,237
down €43,237 (-21.6%), from €200,394 to €157,157
- Profit (loss) carried forward +€33,276
up €33,276 (+796%), from €4,178 to €37,454
- Tax, wage and social debts -€6,470
down €6,470 (-25.5%), from €25,409 to €18,939
of which Taxes: -€8,237
- Turnover -€242,478
down €242,478 (-25.4%), from €953,035 to €710,557
- Purchases and services -€191,355
down €191,355 (-25.9%), from €739,051 to €547,696
- Gross operating margin -€51,123
down €51,123 (-23.9%), from €213,984 to €162,861
- Provisions +€32,326
new in 2025: €32,326
- Taxes -€29,008
down €29,008 (-70.4%), from €41,189 to €12,181
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 | €485,350 | €467,756 | -€17,594 | -3.6% |
| Fixed assets | 21/28 | €70,968 | €59,625 | -€11,343 | -16.0% |
| Tangible fixed assets | 22/27 | €70,968 | €59,625 | -€11,343 | -16.0% |
| Land and buildings | 22 | €10,847 | €8,360 | -€2,487 | -22.9% |
| Plant, machinery and equipment | 23 | €12,076 | €13,446 | +€1,370 | +11.3% |
| Furniture and vehicles | 24 | €48,045 | €37,819 | -€10,226 | -21.3% |
| Current assets | 29/58 | €414,382 | €408,131 | -€6,251 | -1.5% |
| Stocks and contracts in progress | 3 | €181,599 | €20,971 | -€160,628 | -88.5% |
| Stocks | 30/36 | €181,599 | €20,971 | -€160,628 | -88.5% |
| Amounts receivable within one year | 40/41 | €51,904 | €53,731 | +€1,827 | +3.5% |
| Trade receivables | 40 | €29,170 | €28,432 | -€738 | -2.5% |
| Other amounts receivable | 41 | €22,734 | €25,299 | +€2,565 | +11.3% |
| Cash at bank and in hand | 54/58 | €180,879 | €333,429 | +€152,550 | +84.3% |
| Total equity and liabilities | 10/49 | €485,350 | €467,756 | -€17,594 | -3.6% |
| Equity | 10/15 | €200,746 | €234,022 | +€33,276 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,368 | €190,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,494 | €1,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,494 | €1,494 | = | 0.0% |
| Distributable reserves | 133 | €188,874 | €188,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,178 | €37,454 | +€33,276 | +796% |
| Amounts payable | 17/49 | €284,604 | €233,734 | -€50,870 | -17.9% |
| Amounts payable within one year | 42/48 | €281,319 | €228,854 | -€52,465 | -18.6% |
| Trade debts | 44 | €200,394 | €157,157 | -€43,237 | -21.6% |
| Suppliers | 440/4 | €200,394 | €157,157 | -€43,237 | -21.6% |
| Taxes, remuneration and social security | 45 | €25,409 | €18,939 | -€6,470 | -25.5% |
| Taxes | 450/3 | €15,732 | €7,495 | -€8,237 | -52.4% |
| Remuneration and social security | 454/9 | €9,677 | €11,444 | +€1,767 | +18.3% |
| Other amounts payable | 47/48 | €55,516 | €52,758 | -€2,758 | -5.0% |
| Accrued charges and deferred income | 492/3 | €3,285 | €4,880 | +€1,595 | +48.6% |
| Turnover | 70 | €953,035 | €710,557 | -€242,478 | -25.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €739,051 | €547,696 | -€191,355 | -25.9% |
| Remuneration, social security and pensions | 62 | €55,341 | €57,579 | +€2,238 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,549 | €18,958 | -€12,591 | -39.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €32,326 | +€32,326 | |
| Other operating charges | 640/8 | €641 | €9,785 | +€9,144 | +1,427% |
| Gross operating margin | 9900 | €213,984 | €162,861 | -€51,123 | -23.9% |
| Operating profit (loss) | 9901 | €126,453 | €44,213 | -€82,240 | -65.0% |
| Financial income | 75/76B | €602 | €1,610 | +€1,008 | +167% |
| Recurring financial income | 75 | €602 | €1,610 | +€1,008 | +167% |
| Financial charges | 65/66B | €551 | €366 | -€185 | -33.6% |
| Recurring financial charges | 65 | €551 | €366 | -€185 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €126,504 | €45,457 | -€81,047 | -64.1% |
| Income taxes | 67/77 | €41,189 | €12,181 | -€29,008 | -70.4% |
| Profit (loss) for the period | 9904 | €85,315 | €33,276 | -€52,039 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,315 | €33,276 | -€52,039 | -61.0% |
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 20 October 2026 via checked.be.