TIME & SPACES: 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 & SPACES
Largest movements
- Cash -€9,732
down €9,732 (-85.0%), from €11,449 to €1,717
mainly Net result for the year (-€29,731) and Investment in fixed assets (net) (-€16,437)
- Tangible fixed assets +€7,422
new in 2025: €7,422
- Financial fixed assets +€7,350
new in 2025: €7,350
- Formation expenses -€1,195
down €1,195 (-23.0%), from €5,204 to €4,010
- Receivables within one year -€226
down €226 (-27.4%), from €824 to €598
of which Other amounts receivable: -€754
- Profit (loss) carried forward -€29,731
down €29,731 (-5,097%), from -€583 to -€30,314
- Other debts +€24,632
up €24,632 (+201%), from €12,250 to €36,882
- Current portion of long-term debt +€5,000
new in 2025: €5,000
- Accrued charges and deferred income +€2,520
new in 2025: €2,520
- Trade debts +€782
up €782 (+96.5%), from €810 to €1,592
- Gross operating margin -€25,662
down €25,662, from €579 to -€25,083
- Depreciation +€2,091
up €2,091 (+272%), from €769 to €2,860
- Financial charges +€1,231
up €1,231 (+19,452%), from €6 to €1,238
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 | €17,477 | €21,097 | +€3,620 | +20.7% |
| Formation expenses | 20 | €5,204 | €4,010 | -€1,195 | -23.0% |
| Fixed assets | 21/28 | - | €14,772 | +€14,772 | |
| Tangible fixed assets | 22/27 | - | €7,422 | +€7,422 | |
| Plant, machinery and equipment | 23 | - | €7,422 | +€7,422 | |
| Financial fixed assets | 28 | - | €7,350 | +€7,350 | |
| Current assets | 29/58 | €12,273 | €2,315 | -€9,958 | -81.1% |
| Amounts receivable within one year | 40/41 | €824 | €598 | -€226 | -27.4% |
| Trade receivables | 40 | - | €528 | +€528 | |
| Other amounts receivable | 41 | €824 | €70 | -€754 | -91.5% |
| Cash at bank and in hand | 54/58 | €11,449 | €1,717 | -€9,732 | -85.0% |
| Total equity and liabilities | 10/49 | €17,477 | €21,097 | +€3,620 | +20.7% |
| Equity | 10/15 | €4,417 | -€25,314 | -€29,731 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€583 | -€30,314 | -€29,731 | -5,097% |
| Amounts payable | 17/49 | €13,060 | €46,411 | +€33,351 | +255% |
| Amounts payable after more than one year | 17 | - | €417 | +€417 | |
| Financial debts | 170/4 | - | €417 | +€417 | |
| Amounts payable within one year | 42/48 | €13,060 | €43,475 | +€30,414 | +233% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €810 | €1,592 | +€782 | +96.5% |
| Suppliers | 440/4 | €810 | €1,592 | +€782 | +96.5% |
| Other amounts payable | 47/48 | €12,250 | €36,882 | +€24,632 | +201% |
| Accrued charges and deferred income | 492/3 | - | €2,520 | +€2,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €2,860 | +€2,091 | +272% |
| Other operating charges | 640/8 | €387 | €551 | +€164 | +42.3% |
| Gross operating margin | 9900 | €579 | -€25,083 | -€25,662 | |
| Operating profit (loss) | 9901 | -€577 | -€28,493 | -€27,916 | -4,838% |
| Financial charges | 65/66B | €6 | €1,238 | +€1,231 | +19,452% |
| Recurring financial charges | 65 | €6 | €1,238 | +€1,231 | +19,452% |
| Profit (loss) for the period before taxes | 9903 | -€583 | -€29,731 | -€29,148 | -4,997% |
| Profit (loss) for the period | 9904 | -€583 | -€29,731 | -€29,148 | -4,997% |
| Profit (loss) for the period to be appropriated | 9905 | -€583 | -€29,731 | -€29,148 | -4,997% |
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 17 October 2026 via checked.be.