TIME TO ACT: 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 TO ACT
Largest movements
- Tangible fixed assets -€6,334
down €6,334 (-5.5%), from €115,054 to €108,720
of which Land and buildings: -€6,234
- Profit (loss) carried forward -€10,739
down €10,739 (-124%), from -€8,655 to -€19,394
- Other debts +€2,202
up €2,202 (+2.1%), from €102,777 to €104,979
- Short-term financial debts +€1,286
up €1,286 (+14.9%), from €8,636 to €9,922
- Turnover -€11,941
down €11,941 (-75.1%), from €15,891 to €3,950
- Purchases and services -€9,425
down €9,425 (-59.6%), from €15,823 to €6,398
- Gross operating margin -€2,516
down €2,516, from €68 to -€2,448
- Other operating charges -€559
down €559 (-62.7%), from €891 to €332
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 | €115,443 | €109,379 | -€6,064 | -5.3% |
| Fixed assets | 21/28 | €115,054 | €108,720 | -€6,334 | -5.5% |
| Tangible fixed assets | 22/27 | €115,054 | €108,720 | -€6,334 | -5.5% |
| Land and buildings | 22 | €114,878 | €108,644 | -€6,234 | -5.4% |
| Plant, machinery and equipment | 23 | €176 | €76 | -€100 | -56.8% |
| Current assets | 29/58 | €389 | €659 | +€270 | +69.4% |
| Amounts receivable within one year | 40/41 | €321 | €415 | +€94 | +29.3% |
| Other amounts receivable | 41 | €321 | €415 | +€94 | +29.3% |
| Cash at bank and in hand | 54/58 | €68 | - | -€68 | |
| Deferred charges and accrued income | 490/1 | - | €244 | +€244 | |
| Total equity and liabilities | 10/49 | €115,443 | €109,379 | -€6,064 | -5.3% |
| Equity | 10/15 | -€595 | -€11,334 | -€10,739 | -1,805% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,655 | -€19,394 | -€10,739 | -124% |
| Amounts payable | 17/49 | €116,038 | €120,713 | +€4,675 | +4.0% |
| Amounts payable within one year | 42/48 | €116,038 | €120,713 | +€4,675 | +4.0% |
| Financial debts | 43 | €8,636 | €9,922 | +€1,286 | +14.9% |
| Credit institutions | 430/8 | €8,636 | €9,922 | +€1,286 | +14.9% |
| Trade debts | 44 | €1,700 | €2,701 | +€1,001 | +58.9% |
| Suppliers | 440/4 | €1,700 | €2,701 | +€1,001 | +58.9% |
| Taxes, remuneration and social security | 45 | €2,925 | €3,111 | +€186 | +6.4% |
| Taxes | 450/3 | €2,925 | €3,111 | +€186 | +6.4% |
| Other amounts payable | 47/48 | €102,777 | €104,979 | +€2,202 | +2.1% |
| Turnover | 70 | €15,891 | €3,950 | -€11,941 | -75.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,823 | €6,398 | -€9,425 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,334 | €6,334 | = | 0.0% |
| Other operating charges | 640/8 | €891 | €332 | -€559 | -62.7% |
| Gross operating margin | 9900 | €68 | -€2,448 | -€2,516 | |
| Operating profit (loss) | 9901 | -€7,157 | -€9,114 | -€1,957 | -27.3% |
| Financial charges | 65/66B | €1,503 | €1,625 | +€122 | +8.1% |
| Recurring financial charges | 65 | €1,503 | €1,625 | +€122 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,660 | -€10,739 | -€2,079 | -24.0% |
| Profit (loss) for the period | 9904 | -€8,660 | -€10,739 | -€2,079 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,660 | -€10,739 | -€2,079 | -24.0% |
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 26 October 2026 via checked.be.