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
- Tangible fixed assets -€1,959
down €1,959 (-37.5%), from €5,224 to €3,264
of which Furniture and vehicles: -€1,487
- Current investments +€314
up €314 (+19.4%), from €1,621 to €1,935
- Deferred charges and accrued income -€140
down €140 (-18.7%), from €750 to €610
- Receivables within one year +€113
up €113 (+228.5%), from €50 to €163
of which Trade receivables: +€117
- Other debts -€2,662
down €2,662 (-54.4%), from €4,890 to €2,228
- Trade debts +€397
up €397 (+29.8%), from €1,336 to €1,733
- Profit (loss) carried forward +€386
up €386 (+2.1%), from -€18,580 to -€18,194
- Tax, wage and social debts +€294
up €294 (+126.1%), from €233 to €527
- Gross operating margin +€358
up €358 (+12.6%), from €2,845 to €3,203
- Other operating charges +€130
up €130 (+19.4%), from €671 to €802
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,478 | €8,894 | -€1,584 | -15.1% |
| Fixed assets | 21/28 | €5,224 | €3,264 | -€1,959 | -37.5% |
| Tangible fixed assets | 22/27 | €5,224 | €3,264 | -€1,959 | -37.5% |
| Plant, machinery and equipment | 23 | €1,386 | €914 | -€472 | -34.1% |
| Furniture and vehicles | 24 | €3,838 | €2,350 | -€1,487 | -38.8% |
| Current assets | 29/58 | €5,254 | €5,630 | +€375 | +7.1% |
| Stocks and contracts in progress | 3 | €2,834 | €2,922 | +€88 | +3.1% |
| Stocks | 30/36 | €2,834 | €2,922 | +€88 | +3.1% |
| Amounts receivable within one year | 40/41 | €50 | €163 | +€113 | +228.5% |
| Trade receivables | 40 | - | €117 | +€117 | |
| Other amounts receivable | 41 | €50 | €46 | -€4 | -7.4% |
| Current investments | 50/53 | €1,621 | €1,935 | +€314 | +19.4% |
| Deferred charges and accrued income | 490/1 | €750 | €610 | -€140 | -18.7% |
| Total equity and liabilities | 10/49 | €10,478 | €8,894 | -€1,584 | -15.1% |
| Equity | 10/15 | €4,020 | €4,406 | +€386 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,580 | -€18,194 | +€386 | +2.1% |
| Amounts payable | 17/49 | €6,459 | €4,488 | -€1,970 | -30.5% |
| Amounts payable within one year | 42/48 | €6,459 | €4,488 | -€1,970 | -30.5% |
| Trade debts | 44 | €1,336 | €1,733 | +€397 | +29.8% |
| Suppliers | 440/4 | €1,336 | €1,733 | +€397 | +29.8% |
| Taxes, remuneration and social security | 45 | €233 | €527 | +€294 | +126.1% |
| Taxes | 450/3 | €233 | €527 | +€294 | +126.1% |
| Other amounts payable | 47/48 | €4,890 | €2,228 | -€2,662 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,959 | €1,959 | = | 0.0% |
| Other operating charges | 640/8 | €671 | €802 | +€130 | +19.4% |
| Gross operating margin | 9900 | €2,845 | €3,203 | +€358 | +12.6% |
| Operating profit (loss) | 9901 | €214 | €442 | +€228 | +106.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.6% |
| Financial charges | 65/66B | €39 | €55 | +€16 | +40.4% |
| Recurring financial charges | 65 | €39 | €55 | +€16 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €175 | €386 | +€212 | +121.0% |
| Profit (loss) for the period | 9904 | €175 | €386 | +€212 | +121.0% |
| Profit (loss) for the period to be appropriated | 9905 | €175 | €386 | +€212 | +121.0% |
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 7 October 2026 via checked.be.