time2develop: 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.
time2develop
Largest movements
- Cash +€18,318
up €18,318 (+16.6%), from €110,283 to €128,601
mainly Net result for the year (+€13,995) and Depreciation (+€7,861)
- Tangible fixed assets -€7,861
down €7,861 (-14.8%), from €52,970 to €45,109
of which Furniture and vehicles: -€7,111
- Receivables within one year +€3,497
up €3,497 (+26.3%), from €13,301 to €16,798
of which Other amounts receivable: +€2,035
- Reserves +€13,995
up €13,995 (+9.2%), from €152,090 to €166,085
- Gross operating margin -€7,388
down €7,388 (-22.1%), from €33,458 to €26,070
- Financial income +€1,878
up €1,878 (+485.3%), from €387 to €2,265
- Taxes -€1,458
down €1,458 (-20.3%), from €7,165 to €5,707
- Other operating charges -€499
down €499 (-40.7%), from €1,226 to €727
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.
Cash bridge derived
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 | €178,093 | €192,456 | +€14,363 | +8.1% |
| Fixed assets | 21/28 | €52,970 | €45,109 | -€7,861 | -14.8% |
| Tangible fixed assets | 22/27 | €52,970 | €45,109 | -€7,861 | -14.8% |
| Furniture and vehicles | 24 | €47,408 | €40,297 | -€7,111 | -15.0% |
| Other tangible fixed assets | 26 | €5,562 | €4,812 | -€750 | -13.5% |
| Current assets | 29/58 | €125,123 | €147,347 | +€22,224 | +17.8% |
| Amounts receivable within one year | 40/41 | €13,301 | €16,798 | +€3,497 | +26.3% |
| Trade receivables | 40 | €10,366 | €11,828 | +€1,462 | +14.1% |
| Other amounts receivable | 41 | €2,935 | €4,970 | +€2,035 | +69.3% |
| Cash at bank and in hand | 54/58 | €110,283 | €128,601 | +€18,318 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,539 | €1,948 | +€409 | +26.6% |
| Total equity and liabilities | 10/49 | €178,093 | €192,456 | +€14,363 | +8.1% |
| Equity | 10/15 | €172,550 | €186,545 | +€13,995 | +8.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €152,090 | €166,085 | +€13,995 | +9.2% |
| Distributable reserves | 133 | €152,090 | €166,085 | +€13,995 | +9.2% |
| Amounts payable | 17/49 | €5,543 | €5,911 | +€368 | +6.6% |
| Amounts payable within one year | 42/48 | €3,681 | €5,911 | +€2,230 | +60.6% |
| Trade debts | 44 | €1,488 | €1,513 | +€25 | +1.7% |
| Suppliers | 440/4 | €1,488 | €1,513 | +€25 | +1.7% |
| Taxes, remuneration and social security | 45 | €2,193 | €2,536 | +€343 | +15.6% |
| Taxes | 450/3 | €2,193 | €2,536 | +€343 | +15.6% |
| Other amounts payable | 47/48 | - | €1,862 | +€1,862 | |
| Accrued charges and deferred income | 492/3 | €1,862 | - | -€1,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,861 | €7,861 | = | 0.0% |
| Other operating charges | 640/8 | €1,226 | €727 | -€499 | -40.7% |
| Gross operating margin | 9900 | €33,458 | €26,070 | -€7,388 | -22.1% |
| Operating profit (loss) | 9901 | €24,371 | €17,482 | -€6,889 | -28.3% |
| Financial income | 75/76B | €387 | €2,265 | +€1,878 | +485.3% |
| Recurring financial income | 75 | €387 | €2,265 | +€1,878 | +485.3% |
| Financial charges | 65/66B | €47 | €45 | -€2 | -4.3% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €24,711 | €19,702 | -€5,009 | -20.3% |
| Income taxes | 67/77 | €7,165 | €5,707 | -€1,458 | -20.3% |
| Profit (loss) for the period | 9904 | €17,546 | €13,995 | -€3,551 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,546 | €13,995 | -€3,551 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.