Time is Ripe: 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 is Ripe
Largest movements
- Cash -€27,491
no longer reported in 2024 (was €27,491)
mainly Trade debts (-€26,337) and Tax, wage and social debts (-€22,400)
- Receivables within one year +€6,606
up €6,606 (+6.6%), from €99,933 to €106,539
of which Trade receivables: +€8,470
- Tangible fixed assets -€5,524
down €5,524 (-28.0%), from €19,738 to €14,214
of which Furniture and vehicles: -€4,844
- Trade debts -€26,337
down €26,337 (-82.6%), from €31,896 to €5,559
- Advances received +€22,869
new in 2024: €22,869
- Tax, wage and social debts -€22,400
down €22,400 (-57.3%), from €39,104 to €16,704
of which Taxes: -€26,047
- Profit (loss) carried forward -€5,205
down €5,205 (-8.4%), from €61,940 to €56,735
- Short-term financial debts +€4,664
new in 2024: €4,664
- Gross operating margin -€59,557
down €59,557 (-90.7%), from €65,694 to €6,137
- Taxes -€12,125
down €12,125 (-78.1%), from €15,525 to €3,400
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,200 | €120,791 | -€26,409 | -17.9% |
| Fixed assets | 21/28 | €19,776 | €14,252 | -€5,524 | -27.9% |
| Tangible fixed assets | 22/27 | €19,738 | €14,214 | -€5,524 | -28.0% |
| Furniture and vehicles | 24 | €17,478 | €12,634 | -€4,844 | -27.7% |
| Other tangible fixed assets | 26 | €2,260 | €1,580 | -€680 | -30.1% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €127,424 | €106,539 | -€20,885 | -16.4% |
| Amounts receivable within one year | 40/41 | €99,933 | €106,539 | +€6,606 | +6.6% |
| Trade receivables | 40 | €10,517 | €18,987 | +€8,470 | +80.5% |
| Other amounts receivable | 41 | €89,416 | €87,552 | -€1,864 | -2.1% |
| Cash at bank and in hand | 54/58 | €27,491 | - | -€27,491 | |
| Total equity and liabilities | 10/49 | €147,200 | €120,791 | -€26,409 | -17.9% |
| Equity | 10/15 | €76,200 | €70,995 | -€5,205 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 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 | €61,940 | €56,735 | -€5,205 | -8.4% |
| Amounts payable | 17/49 | €71,000 | €49,796 | -€21,204 | -29.9% |
| Amounts payable within one year | 42/48 | €71,000 | €49,796 | -€21,204 | -29.9% |
| Financial debts | 43 | - | €4,664 | +€4,664 | |
| Credit institutions | 430/8 | - | €4,664 | +€4,664 | |
| Trade debts | 44 | €31,896 | €5,559 | -€26,337 | -82.6% |
| Suppliers | 440/4 | €31,896 | €5,559 | -€26,337 | -82.6% |
| Advances received on contracts in progress | 46 | - | €22,869 | +€22,869 | |
| Taxes, remuneration and social security | 45 | €39,104 | €16,704 | -€22,400 | -57.3% |
| Taxes | 450/3 | €39,104 | €13,057 | -€26,047 | -66.6% |
| Remuneration and social security | 454/9 | - | €3,647 | +€3,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,285 | €6,966 | -€319 | -4.4% |
| Other operating charges | 640/8 | €20 | - | -€20 | |
| Gross operating margin | 9900 | €65,694 | €6,137 | -€59,557 | -90.7% |
| Operating profit (loss) | 9901 | €58,389 | -€829 | -€59,218 | |
| Financial charges | 65/66B | €729 | €976 | +€247 | +33.9% |
| Recurring financial charges | 65 | €729 | €976 | +€247 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €57,660 | -€1,805 | -€59,465 | |
| Income taxes | 67/77 | €15,525 | €3,400 | -€12,125 | -78.1% |
| Profit (loss) for the period | 9904 | €42,135 | -€5,205 | -€47,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,135 | -€5,205 | -€47,340 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.