TIME GOLD: 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 GOLD
Largest movements
- Receivables within one year -€25,955
down €25,955 (-92.0%), from €28,211 to €2,256
of which Trade receivables: -€26,168
- Tangible fixed assets -€4,567
down €4,567 (-41.9%), from €10,893 to €6,326
of which Leasing and similar rights: -€9,810
- Cash +€500
up €500 (+9.6%), from €5,182 to €5,681
mainly Other debts (+€46,581) and Receivables within one year (+€25,955)
- Trade debts -€47,182
down €47,182 (-86.6%), from €54,459 to €7,277
- Other debts +€46,581
up €46,581 (+187%), from €24,878 to €71,459
- Current portion of long-term debt -€15,469
no longer reported in 2025 (was €15,469)
- Tax, wage and social debts -€15,354
down €15,354 (-72.9%), from €21,067 to €5,713
of which Remuneration and social security: -€8,614
- Profit (loss) carried forward +€5,694
up €5,694 (+5.3%), from -€108,010 to -€102,315
- Turnover -€90,243
down €90,243 (-48.3%), from €186,936 to €96,693
- Purchases and services -€83,400
down €83,400 (-52.4%), from €159,029 to €75,628
- Staff costs -€18,376
no longer reported in 2025 (was €18,376)
- Gross operating margin -€6,842
down €6,842 (-24.5%), from €27,907 to €21,065
- Other operating charges -€2,940
down €2,940 (-53.3%), from €5,511 to €2,571
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 | €44,630 | €14,607 | -€30,022 | -67.3% |
| Fixed assets | 21/28 | €11,237 | €6,670 | -€4,567 | -40.6% |
| Tangible fixed assets | 22/27 | €10,893 | €6,326 | -€4,567 | -41.9% |
| Plant, machinery and equipment | 23 | - | €3,562 | +€3,562 | |
| Furniture and vehicles | 24 | €1,083 | €2,765 | +€1,681 | +155% |
| Leasing and similar rights | 25 | €9,810 | - | -€9,810 | |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €33,392 | €7,937 | -€25,455 | -76.2% |
| Amounts receivable within one year | 40/41 | €28,211 | €2,256 | -€25,955 | -92.0% |
| Trade receivables | 40 | €26,168 | - | -€26,168 | |
| Other amounts receivable | 41 | €2,042 | €2,256 | +€213 | +10.5% |
| Cash at bank and in hand | 54/58 | €5,182 | €5,681 | +€500 | +9.6% |
| Total equity and liabilities | 10/49 | €44,630 | €14,607 | -€30,022 | -67.3% |
| Equity | 10/15 | -€87,550 | -€81,855 | +€5,694 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,010 | -€102,315 | +€5,694 | +5.3% |
| Amounts payable | 17/49 | €132,179 | €96,463 | -€35,717 | -27.0% |
| Amounts payable after more than one year | 17 | €4,292 | - | -€4,292 | |
| Financial debts | 170/4 | €4,292 | - | -€4,292 | |
| Amounts payable within one year | 42/48 | €118,183 | €86,759 | -€31,424 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €15,469 | - | -€15,469 | |
| Financial debts | 43 | €2,309 | €2,309 | = | 0.0% |
| Credit institutions | 430/8 | €2,309 | €2,309 | = | 0.0% |
| Trade debts | 44 | €54,459 | €7,277 | -€47,182 | -86.6% |
| Suppliers | 440/4 | €54,459 | €7,277 | -€47,182 | -86.6% |
| Taxes, remuneration and social security | 45 | €21,067 | €5,713 | -€15,354 | -72.9% |
| Taxes | 450/3 | €12,453 | €5,713 | -€6,740 | -54.1% |
| Remuneration and social security | 454/9 | €8,614 | - | -€8,614 | |
| Other amounts payable | 47/48 | €24,878 | €71,459 | +€46,581 | +187% |
| Accrued charges and deferred income | 492/3 | €9,704 | €9,704 | = | 0.0% |
| Turnover | 70 | €186,936 | €96,693 | -€90,243 | -48.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €159,029 | €75,628 | -€83,400 | -52.4% |
| Remuneration, social security and pensions | 62 | €18,376 | - | -€18,376 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,294 | €12,005 | -€290 | -2.4% |
| Other operating charges | 640/8 | €5,511 | €2,571 | -€2,940 | -53.3% |
| Gross operating margin | 9900 | €27,907 | €21,065 | -€6,842 | -24.5% |
| Operating profit (loss) | 9901 | -€8,274 | €6,489 | +€14,763 | |
| Financial income | 75/76B | €77 | €2,389 | +€2,313 | +3,020% |
| Recurring financial income | 75 | €77 | €2,389 | +€2,313 | +3,020% |
| Financial charges | 65/66B | €1,545 | €685 | -€860 | -55.7% |
| Recurring financial charges | 65 | €1,545 | €685 | -€860 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,742 | €8,194 | +€17,936 | |
| Income taxes | 67/77 | €1,354 | €2,500 | +€1,146 | +84.7% |
| Profit (loss) for the period | 9904 | -€11,096 | €5,694 | +€16,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,096 | €5,694 | +€16,790 |
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.