Time Real Estate: what changed
Time Real Estate
Largest movements
- Cash -€47,916
down €47,916 (-81.2%), from €58,989 to €11,073
mainly Net result for the year (-€35,971) and Receivables within one year (-€23,605)
- Receivables within one year +€23,605
up €23,605 (+102%), from €23,189 to €46,794
of which Trade receivables: +€27,830
- Tangible fixed assets +€1,269
up €1,269 (+481%), from €264 to €1,533
- Profit (loss) carried forward -€35,971
new in 2025: -€35,971
- Trade debts +€8,634
up €8,634 (+9,396%), from €92 to €8,726
- Tax, wage and social debts +€4,295
up €4,295 (+245%), from €1,752 to €6,046
- Gross operating margin -€42,738
down €42,738, from €7,470 to -€35,268
- Taxes -€1,752
no longer reported in 2025 (was €1,752)
- Other operating charges -€572
down €572 (-77.9%), from €734 to €162
- Depreciation +€434
up €434 (+1,317%), from €33 to €467
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,442 | €71,400 | -€23,042 | -24.4% |
| Fixed assets | 21/28 | €264 | €1,533 | +€1,269 | +481% |
| Tangible fixed assets | 22/27 | €264 | €1,533 | +€1,269 | +481% |
| Plant, machinery and equipment | 23 | €264 | €1,533 | +€1,269 | +481% |
| Current assets | 29/58 | €94,178 | €69,867 | -€24,311 | -25.8% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,189 | €46,794 | +€23,605 | +102% |
| Trade receivables | 40 | - | €27,830 | +€27,830 | |
| Other amounts receivable | 41 | €23,189 | €18,964 | -€4,225 | -18.2% |
| Cash at bank and in hand | 54/58 | €58,989 | €11,073 | -€47,916 | -81.2% |
| Total equity and liabilities | 10/49 | €94,442 | €71,400 | -€23,042 | -24.4% |
| Equity | 10/15 | €91,781 | €55,810 | -€35,971 | -39.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,581 | €85,581 | = | 0.0% |
| Distributable reserves | 133 | €85,581 | €85,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,971 | -€35,971 | |
| Amounts payable | 17/49 | €2,661 | €15,590 | +€12,929 | +486% |
| Amounts payable within one year | 42/48 | €2,661 | €15,590 | +€12,929 | +486% |
| Trade debts | 44 | €92 | €8,726 | +€8,634 | +9,396% |
| Suppliers | 440/4 | €92 | €8,726 | +€8,634 | +9,396% |
| Taxes, remuneration and social security | 45 | €1,752 | €6,046 | +€4,295 | +245% |
| Taxes | 450/3 | €1,752 | €6,046 | +€4,295 | +245% |
| Other amounts payable | 47/48 | €817 | €817 | = | 0.0% |
| Non-recurring operating income | 76A | €43,229 | - | -€43,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €467 | +€434 | +1,317% |
| Other operating charges | 640/8 | €734 | €162 | -€572 | -77.9% |
| Gross operating margin | 9900 | €7,470 | -€35,268 | -€42,738 | |
| Operating profit (loss) | 9901 | €6,702 | -€35,898 | -€42,600 | |
| Financial income | 75/76B | €212 | €0 | -€212 | -100.0% |
| Recurring financial income | 75 | €212 | €0 | -€212 | -100.0% |
| Financial charges | 65/66B | €341 | €74 | -€268 | -78.5% |
| Recurring financial charges | 65 | €341 | €74 | -€268 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €6,573 | -€35,971 | -€42,544 | |
| Income taxes | 67/77 | €1,752 | - | -€1,752 | |
| Profit (loss) for the period | 9904 | €4,821 | -€35,971 | -€40,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,821 | -€35,971 | -€40,792 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.