TIME-CONSULT !: what changed
Two fiscal 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-CONSULT !
Largest movements
- Receivables within one year -€63,053
down €63,053 (-5.5%), from €1.1m to €1.1m
of which Other amounts receivable: -€53,567
- Cash -€14,951
down €14,951 (-14.6%), from €102,388 to €87,437
mainly Contributions, distributions and other (-€109,001) and Tax, wage and social debts (-€32,856)
- Reserves -€115,513
down €115,513 (-9.8%), from €1.2m to €1.1m
of which Distributable reserves: -€113,653
- Other debts +€73,750
new in 2025: €73,750
- Tax, wage and social debts -€32,856
down €32,856 (-51.5%), from €63,815 to €30,959
- Gross operating margin -€69,664
down €69,664 (-93.9%), from €74,188 to €4,524
- Taxes -€22,739
down €22,739 (-86.3%), from €26,345 to €3,606
- Financial income -€9,742
no longer reported in 2025 (was €9,742)
of which Financial income: -€9,742
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.
Cash bridge derived
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 | €1,273,241 | €1,194,978 | -€78,263 | -6.1% |
| Fixed assets | 21/28 | €3 | €3 | = | 0.0% |
| Financial fixed assets | 28 | €3 | €3 | = | 0.0% |
| Current assets | 29/58 | €1,273,238 | €1,194,975 | -€78,263 | -6.1% |
| Stocks and contracts in progress | 3 | €20,439 | €20,106 | -€333 | -1.6% |
| Stocks | 30/36 | €20,439 | €20,106 | -€333 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,149,492 | €1,086,439 | -€63,053 | -5.5% |
| Trade receivables | 40 | €9,485 | - | -€9,485 | |
| Other amounts receivable | 41 | €1,140,006 | €1,086,439 | -€53,567 | -4.7% |
| Cash at bank and in hand | 54/58 | €102,388 | €87,437 | -€14,951 | -14.6% |
| Deferred charges and accrued income | 490/1 | €919 | €994 | +€74 | +8.1% |
| Total equity and liabilities | 10/49 | €1,273,241 | €1,194,978 | -€78,263 | -6.1% |
| Equity | 10/15 | €1,197,015 | €1,083,362 | -€113,653 | -9.5% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,178,415 | €1,062,902 | -€115,513 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,176,555 | €1,062,902 | -€113,653 | -9.7% |
| Amounts payable | 17/49 | €76,226 | €111,617 | +€35,390 | +46.4% |
| Amounts payable within one year | 42/48 | €76,226 | €111,617 | +€35,390 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €1,041 | €1,548 | +€507 | +48.7% |
| Trade debts | 44 | €11,370 | €5,359 | -€6,011 | -52.9% |
| Suppliers | 440/4 | €11,370 | €5,359 | -€6,011 | -52.9% |
| Taxes, remuneration and social security | 45 | €63,815 | €30,959 | -€32,856 | -51.5% |
| Taxes | 450/3 | €63,815 | €30,959 | -€32,856 | -51.5% |
| Other amounts payable | 47/48 | - | €73,750 | +€73,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €222 | €111 | -€111 | -50.0% |
| Other operating charges | 640/8 | €1,938 | €2,674 | +€736 | +38.0% |
| Non-recurring operating charges | 66A | - | €427 | +€427 | |
| Gross operating margin | 9900 | €74,188 | €4,524 | -€69,664 | -93.9% |
| Operating profit (loss) | 9901 | €72,028 | €1,312 | -€70,716 | -98.2% |
| Financial income | 75/76B | €9,742 | - | -€9,742 | |
| Recurring financial income | 75 | €9,742 | - | -€9,742 | |
| Non-recurring financial income | 76B | €9,742 | - | -€9,742 | |
| Financial charges | 65/66B | €1,720 | €2,358 | +€638 | +37.1% |
| Recurring financial charges | 65 | €1,720 | €2,358 | +€638 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €80,050 | -€1,046 | -€81,095 | |
| Income taxes | 67/77 | €26,345 | €3,606 | -€22,739 | -86.3% |
| Profit (loss) for the period | 9904 | €53,705 | -€4,651 | -€58,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,705 | -€4,651 | -€58,356 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.