TIM VAN AERSCHOT: 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 VAN AERSCHOT
Largest movements
- Cash +€62,448
up €62,448 (+79.3%), from €78,797 to €141,245
mainly Net result for the year (+€45,691) and Tax, wage and social debts (+€15,481)
- Receivables within one year +€8,295
up €8,295 (+65.8%), from €12,605 to €20,900
of which Trade receivables: +€12,168
- Tangible fixed assets -€3,041
down €3,041 (-44.5%), from €6,831 to €3,790
of which Furniture and vehicles: -€1,977
- Profit (loss) carried forward +€45,691
up €45,691 (+56.0%), from €81,528 to €127,219
- Tax, wage and social debts +€15,481
up €15,481 (+63.0%), from €24,571 to €40,052
of which Taxes: +€14,423
- Trade debts +€8,036
new in 2025: €8,036
- Gross operating margin -€44,773
down €44,773 (-27.9%), from €160,342 to €115,569
- Taxes -€10,334
down €10,334 (-45.0%), from €22,971 to €12,637
- Staff costs +€2,399
up €2,399 (+4.7%), from €50,741 to €53,140
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 | €119,065 | €187,494 | +€68,429 | +57.5% |
| Fixed assets | 21/28 | €6,831 | €3,790 | -€3,041 | -44.5% |
| Tangible fixed assets | 22/27 | €6,831 | €3,790 | -€3,041 | -44.5% |
| Plant, machinery and equipment | 23 | €4,278 | €3,214 | -€1,064 | -24.9% |
| Furniture and vehicles | 24 | €2,553 | €576 | -€1,977 | -77.4% |
| Current assets | 29/58 | €112,234 | €183,704 | +€71,470 | +63.7% |
| Stocks and contracts in progress | 3 | €20,802 | €20,963 | +€161 | +0.8% |
| Stocks | 30/36 | €20,802 | €20,963 | +€161 | +0.8% |
| Amounts receivable within one year | 40/41 | €12,605 | €20,900 | +€8,295 | +65.8% |
| Trade receivables | 40 | €8,634 | €20,801 | +€12,168 | +141% |
| Other amounts receivable | 41 | €3,971 | €98 | -€3,873 | -97.5% |
| Cash at bank and in hand | 54/58 | €78,797 | €141,245 | +€62,448 | +79.3% |
| Deferred charges and accrued income | 490/1 | €31 | €597 | +€566 | +1,831% |
| Total equity and liabilities | 10/49 | €119,065 | €187,494 | +€68,429 | +57.5% |
| Equity | 10/15 | €91,528 | €137,219 | +€45,691 | +49.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,528 | €127,219 | +€45,691 | +56.0% |
| Amounts payable | 17/49 | €27,537 | €50,276 | +€22,739 | +82.6% |
| Amounts payable within one year | 42/48 | €24,571 | €48,089 | +€23,517 | +95.7% |
| Trade debts | 44 | - | €8,036 | +€8,036 | |
| Suppliers | 440/4 | - | €8,036 | +€8,036 | |
| Taxes, remuneration and social security | 45 | €24,571 | €40,052 | +€15,481 | +63.0% |
| Taxes | 450/3 | €22,971 | €37,394 | +€14,423 | +62.8% |
| Remuneration and social security | 454/9 | €1,600 | €2,658 | +€1,058 | +66.1% |
| Accrued charges and deferred income | 492/3 | €2,966 | €2,187 | -€779 | -26.3% |
| Remuneration, social security and pensions | 62 | €50,741 | €53,140 | +€2,399 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,818 | €3,041 | +€222 | +7.9% |
| Other operating charges | 640/8 | €2,237 | €1,085 | -€1,151 | -51.5% |
| Gross operating margin | 9900 | €160,342 | €115,569 | -€44,773 | -27.9% |
| Operating profit (loss) | 9901 | €104,546 | €58,303 | -€46,243 | -44.2% |
| Financial income | 75/76B | €28 | €80 | +€52 | +189% |
| Recurring financial income | 75 | €28 | €80 | +€52 | +189% |
| Financial charges | 65/66B | €74 | €54 | -€20 | -27.0% |
| Recurring financial charges | 65 | €74 | €54 | -€20 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €104,499 | €58,328 | -€46,171 | -44.2% |
| Income taxes | 67/77 | €22,971 | €12,637 | -€10,334 | -45.0% |
| Profit (loss) for the period | 9904 | €81,528 | €45,691 | -€35,837 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,528 | €45,691 | -€35,837 | -44.0% |
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 29 October 2026 via checked.be.