TIME TO CREATE: 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 CREATE
Largest movements
- Cash -€6,268
down €6,268 (-35.1%), from €17,870 to €11,602
mainly Net result for the year (-€6,703) and Tax, wage and social debts (-€4,303)
- Receivables within one year -€2,260
down €2,260 (-10.4%), from €21,733 to €19,473
of which Trade receivables: -€2,826
- Profit (loss) carried forward -€6,703
down €6,703 (-27.5%), from €24,389 to €17,686
- Tax, wage and social debts -€4,303
down €4,303 (-77.3%), from €5,567 to €1,265
of which Taxes: -€3,897
- Advances received +€2,698
up €2,698 (+6,746%), from €40 to €2,738
- Other debts -€1,700
down €1,700 (-30.8%), from €5,515 to €3,815
- Accrued charges and deferred income +€1,200
new in 2024: €1,200
- Gross operating margin -€42,287
down €42,287, from €35,899 to -€6,388
- Taxes -€6,097
no longer reported in 2024 (was €6,097)
- Staff costs -€4,418
down €4,418 (-99.2%), from €4,455 to €37
- Financial charges -€679
down €679 (-70.9%), from €958 to €278
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,603 | €31,075 | -€8,528 | -21.5% |
| Current assets | 29/58 | €39,603 | €31,075 | -€8,528 | -21.5% |
| Amounts receivable within one year | 40/41 | €21,733 | €19,473 | -€2,260 | -10.4% |
| Trade receivables | 40 | €13,304 | €10,478 | -€2,826 | -21.2% |
| Other amounts receivable | 41 | €8,429 | €8,996 | +€567 | +6.7% |
| Cash at bank and in hand | 54/58 | €17,870 | €11,602 | -€6,268 | -35.1% |
| Total equity and liabilities | 10/49 | €39,603 | €31,075 | -€8,528 | -21.5% |
| Equity | 10/15 | €24,489 | €17,786 | -€6,703 | -27.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,389 | €17,686 | -€6,703 | -27.5% |
| Amounts payable | 17/49 | €15,114 | €13,289 | -€1,825 | -12.1% |
| Amounts payable within one year | 42/48 | €15,114 | €12,089 | -€3,025 | -20.0% |
| Trade debts | 44 | €3,992 | €4,271 | +€280 | +7.0% |
| Suppliers | 440/4 | €3,992 | €4,271 | +€280 | +7.0% |
| Advances received on contracts in progress | 46 | €40 | €2,738 | +€2,698 | +6,746% |
| Taxes, remuneration and social security | 45 | €5,567 | €1,265 | -€4,303 | -77.3% |
| Taxes | 450/3 | €5,162 | €1,265 | -€3,897 | -75.5% |
| Remuneration and social security | 454/9 | €405 | - | -€405 | |
| Other amounts payable | 47/48 | €5,515 | €3,815 | -€1,700 | -30.8% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Remuneration, social security and pensions | 62 | €4,455 | €37 | -€4,418 | -99.2% |
| Gross operating margin | 9900 | €35,899 | -€6,388 | -€42,287 | |
| Operating profit (loss) | 9901 | €31,444 | -€6,425 | -€37,869 | |
| Financial charges | 65/66B | €958 | €278 | -€679 | -70.9% |
| Recurring financial charges | 65 | €958 | €278 | -€679 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €30,487 | -€6,703 | -€37,190 | |
| Income taxes | 67/77 | €6,097 | - | -€6,097 | |
| Profit (loss) for the period | 9904 | €24,389 | -€6,703 | -€31,092 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,389 | -€6,703 | -€31,092 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.