Tim De Craene: 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.
Tim De Craene
Largest movements
- Tangible fixed assets +€135,037
up €135,037 (+267%), from €50,586 to €185,623
- Cash +€105,357
up €105,357 (+245%), from €43,083 to €148,440
mainly Trade debts (+€180,913) and Other debts (+€106,400)
- Receivables within one year +€37,274
up €37,274 (+389%), from €9,571 to €46,845
of which Other amounts receivable: +€38,891
- Trade debts +€180,913
up €180,913 (+11,770%), from €1,537 to €182,450
- Other debts +€106,400
up €106,400 (+2,422%), from €4,394 to €110,794
- Debts after one year -€10,410
down €10,410 (-49.0%), from €21,265 to €10,856
- Gross operating margin -€4,077
down €4,077 (-16.5%), from €24,782 to €20,705
- Depreciation +€2,711
up €2,711 (+15.3%), from €17,753 to €20,464
- Taxes -€964
down €964 (-81.5%), from €1,182 to €218
- Financial charges -€397
down €397 (-24.9%), from €1,598 to €1,200
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 | €106,595 | €381,223 | +€274,628 | +258% |
| Fixed assets | 21/28 | €50,586 | €185,623 | +€135,037 | +267% |
| Tangible fixed assets | 22/27 | €50,586 | €185,623 | +€135,037 | +267% |
| Plant, machinery and equipment | 23 | €50,586 | €185,623 | +€135,037 | +267% |
| Current assets | 29/58 | €56,009 | €195,600 | +€139,591 | +249% |
| Amounts receivable within one year | 40/41 | €9,571 | €46,845 | +€37,274 | +389% |
| Trade receivables | 40 | €9,543 | €7,926 | -€1,617 | -16.9% |
| Other amounts receivable | 41 | €28 | €38,919 | +€38,891 | +136,843% |
| Cash at bank and in hand | 54/58 | €43,083 | €148,440 | +€105,357 | +245% |
| Deferred charges and accrued income | 490/1 | €3,354 | €314 | -€3,040 | -90.6% |
| Total equity and liabilities | 10/49 | €106,595 | €381,223 | +€274,628 | +258% |
| Equity | 10/15 | €63,742 | €61,997 | -€1,745 | -2.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,742 | €51,997 | -€1,745 | -3.2% |
| Amounts payable | 17/49 | €42,854 | €319,226 | +€276,373 | +645% |
| Amounts payable after more than one year | 17 | €21,265 | €10,856 | -€10,410 | -49.0% |
| Financial debts | 170/4 | €21,265 | €10,856 | -€10,410 | -49.0% |
| Amounts payable within one year | 42/48 | €21,588 | €308,371 | +€286,783 | +1,328% |
| Current portion of amounts payable after more than one year | 42 | €9,982 | €12,945 | +€2,962 | +29.7% |
| Trade debts | 44 | €1,537 | €182,450 | +€180,913 | +11,770% |
| Suppliers | 440/4 | €1,537 | €182,450 | +€180,913 | +11,770% |
| Taxes, remuneration and social security | 45 | €5,675 | €2,182 | -€3,493 | -61.5% |
| Taxes | 450/3 | €5,675 | €2,182 | -€3,493 | -61.5% |
| Other amounts payable | 47/48 | €4,394 | €110,794 | +€106,400 | +2,422% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,753 | €20,464 | +€2,711 | +15.3% |
| Other operating charges | 640/8 | €781 | €568 | -€214 | -27.3% |
| Gross operating margin | 9900 | €24,782 | €20,705 | -€4,077 | -16.5% |
| Operating profit (loss) | 9901 | €6,248 | -€326 | -€6,574 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +3,700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,700% |
| Financial charges | 65/66B | €1,598 | €1,200 | -€397 | -24.9% |
| Recurring financial charges | 65 | €1,598 | €1,200 | -€397 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €4,650 | -€1,526 | -€6,176 | |
| Income taxes | 67/77 | €1,182 | €218 | -€964 | -81.5% |
| Profit (loss) for the period | 9904 | €3,468 | -€1,745 | -€5,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,468 | -€1,745 | -€5,213 |
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 23 October 2026 via checked.be.