Time-Out: 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-Out
Largest movements
- Cash -€13,507
down €13,507 (-45.0%), from €30,010 to €16,503
mainly Trade debts (-€15,214) and Debts after one year (-€11,997)
- Tangible fixed assets -€9,744
down €9,744 (-15.5%), from €62,877 to €53,133
- Receivables within one year +€2,997
up €2,997 (+272.9%), from €1,098 to €4,095
of which Trade receivables: +€2,997
- Stocks and contracts +€2,222
up €2,222 (+79.8%), from €2,783 to €5,005
- Deferred charges and accrued income +€1,953
up €1,953 (+186.6%), from €1,047 to €3,001
- Trade debts -€15,214
down €15,214 (-66.1%), from €23,004 to €7,790
- Debts after one year -€11,997
down €11,997 (-18.4%), from €65,363 to €53,366
- Profit (loss) carried forward +€9,576
up €9,576 (+59.0%), from -€16,236 to -€6,660
- Tax, wage and social debts +€4,566
up €4,566 (+112.0%), from €4,077 to €8,643
of which Taxes: +€2,521
- Current portion of long-term debt -€2,660
down €2,660 (-18.1%), from €14,656 to €11,997
- Turnover +€141,459
new in 2022: €141,459
- Purchases and services +€77,398
new in 2022: €77,398
- Staff costs +€34,211
up €34,211 (+210.9%), from €16,220 to €50,432
- Gross operating margin +€17,999
up €17,999 (+32.9%), from €54,686 to €72,686
- Financial charges -€1,467
down €1,467 (-40.5%), from €3,621 to €2,154
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,865 | €81,786 | -€16,079 | -16.4% |
| Fixed assets | 21/28 | €62,927 | €53,183 | -€9,744 | -15.5% |
| Tangible fixed assets | 22/27 | €62,877 | €53,133 | -€9,744 | -15.5% |
| Plant, machinery and equipment | 23 | €62,877 | €53,133 | -€9,744 | -15.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €34,937 | €28,603 | -€6,334 | -18.1% |
| Stocks and contracts in progress | 3 | €2,783 | €5,005 | +€2,222 | +79.8% |
| Stocks | 30/36 | €2,783 | €5,005 | +€2,222 | +79.8% |
| Amounts receivable within one year | 40/41 | €1,098 | €4,095 | +€2,997 | +272.9% |
| Trade receivables | 40 | €1,098 | €4,095 | +€2,997 | +272.9% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €30,010 | €16,503 | -€13,507 | -45.0% |
| Deferred charges and accrued income | 490/1 | €1,047 | €3,001 | +€1,953 | +186.6% |
| Total equity and liabilities | 10/49 | €97,865 | €81,786 | -€16,079 | -16.4% |
| Equity | 10/15 | -€10,036 | -€460 | +€9,576 | +95.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,236 | -€6,660 | +€9,576 | +59.0% |
| Amounts payable | 17/49 | €107,900 | €82,246 | -€25,655 | -23.8% |
| Amounts payable after more than one year | 17 | €65,363 | €53,366 | -€11,997 | -18.4% |
| Financial debts | 170/4 | €65,363 | €53,366 | -€11,997 | -18.4% |
| Amounts payable within one year | 42/48 | €42,537 | €28,879 | -€13,658 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €14,656 | €11,997 | -€2,660 | -18.1% |
| Trade debts | 44 | €23,004 | €7,790 | -€15,214 | -66.1% |
| Suppliers | 440/4 | €23,004 | €7,790 | -€15,214 | -66.1% |
| Taxes, remuneration and social security | 45 | €4,077 | €8,643 | +€4,566 | +112.0% |
| Taxes | 450/3 | €1,308 | €3,828 | +€2,521 | +192.7% |
| Remuneration and social security | 454/9 | €2,769 | €4,815 | +€2,045 | +73.9% |
| Other amounts payable | 47/48 | €800 | €450 | -€350 | -43.8% |
| Turnover | 70 | - | €141,459 | +€141,459 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €77,398 | +€77,398 | |
| Remuneration, social security and pensions | 62 | €16,220 | €50,432 | +€34,211 | +210.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,412 | €10,634 | +€223 | +2.1% |
| Other operating charges | 640/8 | €165 | €155 | -€10 | -6.1% |
| Gross operating margin | 9900 | €54,686 | €72,686 | +€17,999 | +32.9% |
| Operating profit (loss) | 9901 | €27,889 | €11,465 | -€16,424 | -58.9% |
| Financial income | 75/76B | €19 | €265 | +€246 | +1272.9% |
| Recurring financial income | 75 | €19 | €265 | +€246 | +1272.9% |
| Financial charges | 65/66B | €3,621 | €2,154 | -€1,467 | -40.5% |
| Recurring financial charges | 65 | €3,621 | €2,154 | -€1,467 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €24,288 | €9,576 | -€14,712 | -60.6% |
| Profit (loss) for the period | 9904 | €24,288 | €9,576 | -€14,712 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,288 | €9,576 | -€14,712 | -60.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.