TIME TOOTH SMILE: 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 TOOTH SMILE
Largest movements
- Receivables within one year +€151,909
up €151,909 (+84.4%), from €180,000 to €331,909
of which Other amounts receivable: +€150,000
- Tangible fixed assets +€60,868
up €60,868 (+4.4%), from €1.4m to €1.4m
of which Furniture and vehicles: +€63,930
- Other debts +€214,850
new in 2025: €214,850
- Reserves -€37,100
down €37,100 (-5.8%), from €641,400 to €604,300
- Current portion of long-term debt +€29,666
up €29,666 (+37.4%), from €79,283 to €108,949
- Trade debts +€27,342
up €27,342 (+605%), from €4,516 to €31,858
- Staff costs +€81,070
up €81,070 (+89.5%), from €90,532 to €171,602
- Gross operating margin +€61,444
up €61,444 (+12.4%), from €497,376 to €558,820
- Taxes -€20,229
down €20,229 (-20.9%), from €96,821 to €76,592
- Depreciation +€14,232
up €14,232 (+13.1%), from €108,525 to €122,757
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 | €1,749,897 | €1,970,939 | +€221,042 | +12.6% |
| Fixed assets | 21/28 | €1,368,590 | €1,429,458 | +€60,868 | +4.4% |
| Tangible fixed assets | 22/27 | €1,368,590 | €1,429,458 | +€60,868 | +4.4% |
| Land and buildings | 22 | €1,117,644 | €1,120,544 | +€2,900 | +0.3% |
| Furniture and vehicles | 24 | €233,059 | €296,990 | +€63,930 | +27.4% |
| Leasing and similar rights | 25 | €17,887 | €11,925 | -€5,962 | -33.3% |
| Current assets | 29/58 | €381,307 | €541,480 | +€160,174 | +42.0% |
| Amounts receivable within one year | 40/41 | €180,000 | €331,909 | +€151,909 | +84.4% |
| Trade receivables | 40 | - | €1,909 | +€1,909 | |
| Other amounts receivable | 41 | €180,000 | €330,000 | +€150,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €200,540 | €207,279 | +€6,740 | +3.4% |
| Deferred charges and accrued income | 490/1 | €767 | €2,292 | +€1,525 | +199% |
| Total equity and liabilities | 10/49 | €1,749,897 | €1,970,939 | +€221,042 | +12.6% |
| Equity | 10/15 | €666,869 | €629,808 | -€37,061 | -5.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €641,400 | €604,300 | -€37,100 | -5.8% |
| Distributable reserves | 133 | €641,400 | €604,300 | -€37,100 | -5.8% |
| Profit (loss) carried forward | 14 | €469 | €508 | +€39 | +8.3% |
| Amounts payable | 17/49 | €1,083,029 | €1,341,131 | +€258,103 | +23.8% |
| Amounts payable after more than one year | 17 | €974,858 | €956,953 | -€17,905 | -1.8% |
| Financial debts | 170/4 | €974,858 | €956,953 | -€17,905 | -1.8% |
| Amounts payable within one year | 42/48 | €108,171 | €384,178 | +€276,007 | +255% |
| Current portion of amounts payable after more than one year | 42 | €79,283 | €108,949 | +€29,666 | +37.4% |
| Trade debts | 44 | €4,516 | €31,858 | +€27,342 | +605% |
| Suppliers | 440/4 | €4,516 | €31,858 | +€27,342 | +605% |
| Taxes, remuneration and social security | 45 | €24,372 | €28,522 | +€4,149 | +17.0% |
| Taxes | 450/3 | €13,744 | €7,400 | -€6,344 | -46.2% |
| Remuneration and social security | 454/9 | €10,628 | €21,122 | +€10,494 | +98.7% |
| Other amounts payable | 47/48 | - | €214,850 | +€214,850 | |
| Remuneration, social security and pensions | 62 | €90,532 | €171,602 | +€81,070 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,525 | €122,757 | +€14,232 | +13.1% |
| Other operating charges | 640/8 | €5,235 | €3,322 | -€1,913 | -36.5% |
| Gross operating margin | 9900 | €497,376 | €558,820 | +€61,444 | +12.4% |
| Operating profit (loss) | 9901 | €293,085 | €261,140 | -€31,945 | -10.9% |
| Financial income | 75/76B | €5,400 | €8,936 | +€3,536 | +65.5% |
| Recurring financial income | 75 | €5,400 | €8,936 | +€3,536 | +65.5% |
| Financial charges | 65/66B | €14,186 | €15,695 | +€1,509 | +10.6% |
| Recurring financial charges | 65 | €14,186 | €15,695 | +€1,509 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €284,299 | €254,381 | -€29,918 | -10.5% |
| Income taxes | 67/77 | €96,821 | €76,592 | -€20,229 | -20.9% |
| Profit (loss) for the period | 9904 | €187,478 | €177,789 | -€9,689 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €187,478 | €177,789 | -€9,689 | -5.2% |
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 19 October 2026 via checked.be.