TIME IS RUNNING OUT: 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 RUNNING OUT
Largest movements
- Cash +€93,837
up €93,837 (+79.3%), from €118,302 to €212,139
mainly Net result for the year (+€81,911) and Receivables within one year (+€19,483)
- Receivables within one year -€19,483
down €19,483 (-97.9%), from €19,892 to €409
of which Trade receivables: -€19,892
- Tangible fixed assets -€11,650
down €11,650 (-31.2%), from €37,321 to €25,671
- Reserves +€81,911
up €81,911 (+58.1%), from €141,006 to €222,916
- Tax, wage and social debts -€19,763
down €19,763 (-66.5%), from €29,718 to €9,955
- Gross operating margin +€11,224
up €11,224 (+10.6%), from €106,362 to €117,586
- Taxes +€3,420
up €3,420 (+17.1%), from €19,967 to €23,387
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 | €175,886 | €238,599 | +€62,713 | +35.7% |
| Fixed assets | 21/28 | €37,321 | €25,671 | -€11,650 | -31.2% |
| Tangible fixed assets | 22/27 | €37,321 | €25,671 | -€11,650 | -31.2% |
| Furniture and vehicles | 24 | €37,321 | €25,671 | -€11,650 | -31.2% |
| Current assets | 29/58 | €138,565 | €212,928 | +€74,363 | +53.7% |
| Amounts receivable within one year | 40/41 | €19,892 | €409 | -€19,483 | -97.9% |
| Trade receivables | 40 | €19,892 | - | -€19,892 | |
| Other amounts receivable | 41 | - | €409 | +€409 | |
| Cash at bank and in hand | 54/58 | €118,302 | €212,139 | +€93,837 | +79.3% |
| Deferred charges and accrued income | 490/1 | €371 | €380 | +€9 | +2.4% |
| Total equity and liabilities | 10/49 | €175,886 | €238,599 | +€62,713 | +35.7% |
| Equity | 10/15 | €146,006 | €227,916 | +€81,911 | +56.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €141,006 | €222,916 | +€81,911 | +58.1% |
| Distributable reserves | 133 | €141,006 | €222,916 | +€81,911 | +58.1% |
| Amounts payable | 17/49 | €29,881 | €10,683 | -€19,198 | -64.2% |
| Amounts payable within one year | 42/48 | €29,881 | €10,683 | -€19,198 | -64.2% |
| Trade debts | 44 | €163 | €729 | +€566 | +347% |
| Suppliers | 440/4 | €163 | €729 | +€566 | +347% |
| Taxes, remuneration and social security | 45 | €29,718 | €9,955 | -€19,763 | -66.5% |
| Taxes | 450/3 | €29,718 | €9,955 | -€19,763 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €11,922 | +€172 | +1.5% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €106,362 | €117,586 | +€11,224 | +10.6% |
| Operating profit (loss) | 9901 | €94,101 | €105,135 | +€11,034 | +11.7% |
| Financial income | 75/76B | - | €261 | +€261 | |
| Recurring financial income | 75 | - | €261 | +€261 | |
| Financial charges | 65/66B | €91 | €99 | +€8 | +8.5% |
| Recurring financial charges | 65 | €91 | €99 | +€8 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €94,010 | €105,297 | +€11,288 | +12.0% |
| Income taxes | 67/77 | €19,967 | €23,387 | +€3,420 | +17.1% |
| Profit (loss) for the period | 9904 | €74,043 | €81,911 | +€7,868 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,043 | €81,911 | +€7,868 | +10.6% |
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.