Time Strategy: 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 Strategy
Largest movements
- Receivables within one year -€5,659
down €5,659 (-63.3%), from €8,936 to €3,278
of which Other amounts receivable: -€5,219
- Stocks and contracts -€3,608
down €3,608 (-28.6%), from €12,602 to €8,994
of which Contracts in progress: -€4,000
- Cash +€1,252
new in 2025: €1,252
mainly Other debts (+€10,503) and Trade debts (+€9,414)
- Short-term financial debts -€34,362
down €34,362 (-89.2%), from €38,529 to €4,167
of which Credit institutions: -€21,862
- Reserves +€19,752
up €19,752 (+92.1%), from €21,452 to €41,204
of which Distributable reserves: +€19,752
- Profit (loss) carried forward -€12,230
down €12,230 (-100.0%), from €12,230 to €0
- Other debts +€10,503
up €10,503 (+664.8%), from €1,580 to €12,083
- Trade debts +€9,414
up €9,414 (+76.4%), from €12,326 to €21,741
- Gross operating margin +€11,794
up €11,794 (+400.4%), from €2,946 to €14,740
- Taxes +€4,120
up €4,120 (+2612.6%), from €158 to €4,278
- Financial charges -€2,463
down €2,463 (-59.1%), from €4,170 to €1,707
- Financial income -€2,202
down €2,202 (-100.0%), from €2,202 to €0
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
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 | €104,751 | €96,605 | -€8,146 | -7.8% |
| Current assets | 29/58 | €104,751 | €96,605 | -€8,146 | -7.8% |
| Amounts receivable after more than one year | 29 | €83,000 | €83,000 | = | 0.0% |
| Other amounts receivable | 291 | €83,000 | €83,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,602 | €8,994 | -€3,608 | -28.6% |
| Stocks | 30/36 | €8,602 | €8,994 | +€392 | +4.6% |
| Contracts in progress | 37 | €4,000 | €0 | -€4,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,936 | €3,278 | -€5,659 | -63.3% |
| Trade receivables | 40 | €3,718 | €3,278 | -€440 | -11.8% |
| Other amounts receivable | 41 | €5,219 | €0 | -€5,219 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €1,252 | +€1,252 | |
| Deferred charges and accrued income | 490/1 | €213 | €81 | -€132 | -62.0% |
| Total equity and liabilities | 10/49 | €104,751 | €96,605 | -€8,146 | -7.8% |
| Equity | 10/15 | €39,882 | €47,404 | +€7,522 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,452 | €41,204 | +€19,752 | +92.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €19,597 | €39,349 | +€19,752 | +100.8% |
| Profit (loss) carried forward | 14 | €12,230 | €0 | -€12,230 | -100.0% |
| Amounts payable | 17/49 | €64,869 | €49,201 | -€15,668 | -24.2% |
| Amounts payable after more than one year | 17 | €2,778 | €0 | -€2,778 | -100.0% |
| Financial debts | 170/4 | €2,778 | €0 | -€2,778 | -100.0% |
| Amounts payable within one year | 42/48 | €56,280 | €42,971 | -€13,309 | -23.6% |
| Financial debts | 43 | €38,529 | €4,167 | -€34,362 | -89.2% |
| Credit institutions | 430/8 | €21,862 | €0 | -€21,862 | -100.0% |
| Other loans | 439 | €16,667 | €4,167 | -€12,500 | -75.0% |
| Trade debts | 44 | €12,326 | €21,741 | +€9,414 | +76.4% |
| Suppliers | 440/4 | €12,326 | €21,741 | +€9,414 | +76.4% |
| Taxes, remuneration and social security | 45 | €3,845 | €4,982 | +€1,136 | +29.6% |
| Taxes | 450/3 | €3,845 | €4,982 | +€1,136 | +29.6% |
| Other amounts payable | 47/48 | €1,580 | €12,083 | +€10,503 | +664.8% |
| Accrued charges and deferred income | 492/3 | €5,811 | €6,230 | +€419 | +7.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,946 | €14,740 | +€11,794 | +400.4% |
| Operating profit (loss) | 9901 | €2,559 | €14,341 | +€11,782 | +460.5% |
| Financial income | 75/76B | €2,202 | €0 | -€2,202 | -100.0% |
| Recurring financial income | 75 | €2,202 | €0 | -€2,202 | -100.0% |
| Financial charges | 65/66B | €4,170 | €1,707 | -€2,463 | -59.1% |
| Recurring financial charges | 65 | €4,170 | €1,707 | -€2,463 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €591 | €12,633 | +€12,042 | +2037.7% |
| Income taxes | 67/77 | €158 | €4,278 | +€4,120 | +2612.6% |
| Profit (loss) for the period | 9904 | €433 | €8,355 | +€7,922 | +1828.4% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €8,355 | +€7,922 | +1828.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.