Tim Slaats: 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 Slaats
Largest movements
- Cash -€9,887
down €9,887 (-96.6%), from €10,237 to €350
mainly Other debts (-€4,767) and Net result for the year (-€4,325)
- Receivables within one year -€1,800
down €1,800 (-57.5%), from €3,128 to €1,328
of which Other amounts receivable: -€1,886
- Tangible fixed assets -€1,302
down €1,302 (-15.2%), from €8,543 to €7,241
of which Plant, machinery and equipment: -€3,138
- Deferred charges and accrued income +€564
up €564 (+522%), from €108 to €672
- Other debts -€4,767
down €4,767 (-15.8%), from €30,147 to €25,380
- Profit (loss) carried forward -€4,325
down €4,325 (-15.7%), from -€27,479 to -€31,804
- Advances received -€3,177
down €3,177 (-83.2%), from €3,820 to €643
- Trade debts -€342
down €342 (-41.2%), from €831 to €489
- Gross operating margin -€2,129
down €2,129 (-95.3%), from €2,235 to €106
- Depreciation +€212
up €212 (+5.4%), from €3,912 to €4,124
- Other operating charges -€75
down €75 (-24.7%), from €304 to €229
- Financial income -€30
no longer reported in 2025 (was €30)
of which Financial income: -€30
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 | €22,016 | €9,591 | -€12,425 | -56.4% |
| Fixed assets | 21/28 | €8,543 | €7,241 | -€1,302 | -15.2% |
| Tangible fixed assets | 22/27 | €8,543 | €7,241 | -€1,302 | -15.2% |
| Plant, machinery and equipment | 23 | €8,543 | €5,405 | -€3,138 | -36.7% |
| Furniture and vehicles | 24 | - | €1,836 | +€1,836 | |
| Current assets | 29/58 | €13,473 | €2,350 | -€11,123 | -82.6% |
| Amounts receivable within one year | 40/41 | €3,128 | €1,328 | -€1,800 | -57.5% |
| Trade receivables | 40 | €632 | €718 | +€86 | +13.6% |
| Other amounts receivable | 41 | €2,496 | €610 | -€1,886 | -75.6% |
| Cash at bank and in hand | 54/58 | €10,237 | €350 | -€9,887 | -96.6% |
| Deferred charges and accrued income | 490/1 | €108 | €672 | +€564 | +522% |
| Total equity and liabilities | 10/49 | €22,016 | €9,591 | -€12,425 | -56.4% |
| Equity | 10/15 | -€21,479 | -€25,804 | -€4,325 | -20.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,479 | -€31,804 | -€4,325 | -15.7% |
| Amounts payable | 17/49 | €43,495 | €35,395 | -€8,100 | -18.6% |
| Amounts payable within one year | 42/48 | €43,495 | €35,395 | -€8,100 | -18.6% |
| Trade debts | 44 | €831 | €489 | -€342 | -41.2% |
| Suppliers | 440/4 | €831 | €489 | -€342 | -41.2% |
| Advances received on contracts in progress | 46 | €3,820 | €643 | -€3,177 | -83.2% |
| Taxes, remuneration and social security | 45 | €8,697 | €8,883 | +€186 | +2.1% |
| Taxes | 450/3 | €1,875 | €2,061 | +€186 | +9.9% |
| Remuneration and social security | 454/9 | €6,822 | €6,822 | = | 0.0% |
| Other amounts payable | 47/48 | €30,147 | €25,380 | -€4,767 | -15.8% |
| Non-recurring operating income | 76A | €588 | €666 | +€78 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,912 | €4,124 | +€212 | +5.4% |
| Other operating charges | 640/8 | €304 | €229 | -€75 | -24.7% |
| Gross operating margin | 9900 | €2,235 | €106 | -€2,129 | -95.3% |
| Operating profit (loss) | 9901 | -€1,981 | -€4,247 | -€2,266 | -114% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €92 | €78 | -€14 | -15.2% |
| Recurring financial charges | 65 | €92 | €78 | -€14 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,043 | -€4,325 | -€2,282 | -112% |
| Profit (loss) for the period | 9904 | -€2,043 | -€4,325 | -€2,282 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,043 | -€4,325 | -€2,282 | -112% |
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 19 October 2026 via checked.be.