Time 2 Drive: 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.
Time 2 Drive
Largest movements
- Receivables within one year +€45,901
up €45,901 (+345%), from €13,311 to €59,212
of which Trade receivables: +€44,226
- Stocks and contracts -€43,390
down €43,390 (-35.9%), from €120,700 to €77,310
- Cash -€39,690
down €39,690 (-13.9%), from €285,852 to €246,162
mainly Receivables within one year (-€45,901) and Net result for the year (-€45,530)
- Tangible fixed assets +€25,987
up €25,987 (+247%), from €10,539 to €36,525
of which Other tangible fixed assets: +€14,268
- Deferred charges and accrued income +€5,963
up €5,963 (+68.4%), from €8,721 to €14,684
- Profit (loss) carried forward -€45,530
new in 2025: -€45,530
- Other debts +€44,425
up €44,425 (+12.9%), from €345,526 to €389,950
- Advances received -€17,900
down €17,900 (-100%), from €17,900 to €0
- Trade debts +€11,097
up €11,097 (+33.5%), from €33,108 to €44,205
- Debts after one year +€6,329
new in 2025: €6,329
- Purchases and services +€1.3m
new in 2025: €1.3m
- Turnover +€1.3m
new in 2025: €1.3m
- Gross operating margin -€44,157
down €44,157, from €12,634 to -€31,523
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 | €439,666 | €438,234 | -€1,432 | -0.3% |
| Fixed assets | 21/28 | €11,081 | €40,866 | +€29,784 | +269% |
| Intangible fixed assets | 21 | - | €4,340 | +€4,340 | |
| Tangible fixed assets | 22/27 | €10,539 | €36,525 | +€25,987 | +247% |
| Plant, machinery and equipment | 23 | €2,527 | €11,254 | +€8,727 | +345% |
| Furniture and vehicles | 24 | €8,011 | €11,003 | +€2,992 | +37.3% |
| Other tangible fixed assets | 26 | - | €14,268 | +€14,268 | |
| Financial fixed assets | 28 | €543 | €0 | -€543 | -100% |
| Current assets | 29/58 | €428,584 | €397,368 | -€31,216 | -7.3% |
| Stocks and contracts in progress | 3 | €120,700 | €77,310 | -€43,390 | -35.9% |
| Stocks | 30/36 | €120,700 | €77,310 | -€43,390 | -35.9% |
| Amounts receivable within one year | 40/41 | €13,311 | €59,212 | +€45,901 | +345% |
| Trade receivables | 40 | €13,311 | €57,537 | +€44,226 | +332% |
| Other amounts receivable | 41 | - | €1,675 | +€1,675 | |
| Cash at bank and in hand | 54/58 | €285,852 | €246,162 | -€39,690 | -13.9% |
| Deferred charges and accrued income | 490/1 | €8,721 | €14,684 | +€5,963 | +68.4% |
| Total equity and liabilities | 10/49 | €439,666 | €438,234 | -€1,432 | -0.3% |
| Equity | 10/15 | €34,688 | -€10,842 | -€45,530 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,688 | €14,688 | = | 0.0% |
| Distributable reserves | 133 | €14,688 | €14,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€45,530 | -€45,530 | |
| Amounts payable | 17/49 | €404,978 | €449,076 | +€44,098 | +10.9% |
| Amounts payable after more than one year | 17 | - | €6,329 | +€6,329 | |
| Financial debts | 170/4 | - | €6,329 | +€6,329 | |
| Amounts payable within one year | 42/48 | €404,821 | €442,197 | +€37,376 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,261 | +€4,261 | |
| Trade debts | 44 | €33,108 | €44,205 | +€11,097 | +33.5% |
| Suppliers | 440/4 | €33,108 | €44,205 | +€11,097 | +33.5% |
| Advances received on contracts in progress | 46 | €17,900 | €0 | -€17,900 | -100% |
| Taxes, remuneration and social security | 45 | €8,288 | €3,780 | -€4,507 | -54.4% |
| Taxes | 450/3 | €8,288 | €3,780 | -€4,507 | -54.4% |
| Other amounts payable | 47/48 | €345,526 | €389,950 | +€44,425 | +12.9% |
| Accrued charges and deferred income | 492/3 | €157 | €550 | +€393 | +250% |
| Turnover | 70 | - | €1,285,951 | +€1.3m | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,317,473 | +€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €6,301 | +€5,607 | +808% |
| Other operating charges | 640/8 | €2,259 | €6,128 | +€3,869 | +171% |
| Gross operating margin | 9900 | €12,634 | -€31,523 | -€44,157 | |
| Operating profit (loss) | 9901 | €9,681 | -€43,952 | -€53,633 | |
| Financial income | 75/76B | €3 | €27 | +€24 | +821% |
| Recurring financial income | 75 | €3 | €27 | +€24 | +821% |
| Financial charges | 65/66B | €222 | €1,605 | +€1,384 | +624% |
| Recurring financial charges | 65 | €222 | €1,605 | +€1,384 | +624% |
| Profit (loss) for the period before taxes | 9903 | €9,463 | -€45,530 | -€54,992 | |
| Income taxes | 67/77 | €2,583 | -€0 | -€2,583 | |
| Profit (loss) for the period | 9904 | €6,880 | -€45,530 | -€52,410 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,880 | -€45,530 | -€52,410 |
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 13 October 2026 via checked.be.