Time2inspire: 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.
Time2inspire
Largest movements
- Receivables within one year +€24,078
up €24,078 (+7.5%), from €320,669 to €344,747
of which Other amounts receivable: +€30,620
- Cash +€22,517
up €22,517 (+1390.0%), from €1,620 to €24,136
mainly Other debts (+€76,897) and Debts after one year (+€40,000)
- Tangible fixed assets +€6,915
up €6,915 (+15.8%), from €43,720 to €50,635
of which Other tangible fixed assets: +€13,113
- Other debts +€76,897
up €76,897 (+139.9%), from €54,954 to €131,851
- Debts after one year +€40,000
up €40,000 (+22.2%), from €180,000 to €220,000
- Reserves -€35,928
down €35,928 (-37.1%), from €96,743 to €60,815
- Trade debts -€21,922
down €21,922 (-95.4%), from €22,989 to €1,068
- Gross operating margin -€9,095
down €9,095 (-13.7%), from €66,246 to €57,152
- Taxes -€2,714
down €2,714 (-17.0%), from €15,970 to €13,257
- Financial charges -€1,245
down €1,245 (-65.6%), from €1,898 to €653
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 | €366,307 | €419,933 | +€53,626 | +14.6% |
| Fixed assets | 21/28 | €43,780 | €50,685 | +€6,905 | +15.8% |
| Intangible fixed assets | 21 | €60 | €50 | -€10 | -16.6% |
| Tangible fixed assets | 22/27 | €43,720 | €50,635 | +€6,915 | +15.8% |
| Plant, machinery and equipment | 23 | €1,168 | €3,591 | +€2,423 | +207.5% |
| Furniture and vehicles | 24 | €21,880 | €13,259 | -€8,621 | -39.4% |
| Other tangible fixed assets | 26 | €20,672 | €33,785 | +€13,113 | +63.4% |
| Current assets | 29/58 | €322,527 | €369,248 | +€46,721 | +14.5% |
| Amounts receivable within one year | 40/41 | €320,669 | €344,747 | +€24,078 | +7.5% |
| Trade receivables | 40 | €7,232 | €689 | -€6,542 | -90.5% |
| Other amounts receivable | 41 | €313,437 | €344,058 | +€30,620 | +9.8% |
| Cash at bank and in hand | 54/58 | €1,620 | €24,136 | +€22,517 | +1390.0% |
| Deferred charges and accrued income | 490/1 | €238 | €364 | +€126 | +53.1% |
| Total equity and liabilities | 10/49 | €366,307 | €419,933 | +€53,626 | +14.6% |
| Equity | 10/15 | €98,093 | €62,165 | -€35,928 | -36.6% |
| Contributions | 10/11 | €1,350 | €1,350 | = | 0.0% |
| Reserves | 13 | €96,743 | €60,815 | -€35,928 | -37.1% |
| Distributable reserves | 133 | €96,743 | €60,815 | -€35,928 | -37.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €268,214 | €357,768 | +€89,554 | +33.4% |
| Amounts payable after more than one year | 17 | €180,000 | €220,000 | +€40,000 | +22.2% |
| Financial debts | 170/4 | €180,000 | €220,000 | +€40,000 | +22.2% |
| Amounts payable within one year | 42/48 | €86,784 | €137,716 | +€50,932 | +58.7% |
| Trade debts | 44 | €22,989 | €1,068 | -€21,922 | -95.4% |
| Suppliers | 440/4 | €22,989 | €1,068 | -€21,922 | -95.4% |
| Taxes, remuneration and social security | 45 | €8,840 | €4,797 | -€4,043 | -45.7% |
| Taxes | 450/3 | €8,840 | €4,797 | -€4,043 | -45.7% |
| Other amounts payable | 47/48 | €54,954 | €131,851 | +€76,897 | +139.9% |
| Accrued charges and deferred income | 492/3 | €1,430 | €52 | -€1,378 | -96.4% |
| Non-recurring operating income | 76A | €3,027 | €5,670 | +€2,643 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,465 | €12,969 | +€504 | +4.0% |
| Other operating charges | 640/8 | €1,241 | €1,212 | -€30 | -2.4% |
| Gross operating margin | 9900 | €66,246 | €57,152 | -€9,095 | -13.7% |
| Operating profit (loss) | 9901 | €52,540 | €42,971 | -€9,569 | -18.2% |
| Financial income | 75/76B | €38 | €11 | -€27 | -71.1% |
| Recurring financial income | 75 | €38 | €11 | -€27 | -71.1% |
| Financial charges | 65/66B | €1,898 | €653 | -€1,245 | -65.6% |
| Recurring financial charges | 65 | €1,898 | €653 | -€1,245 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €50,680 | €42,329 | -€8,352 | -16.5% |
| Income taxes | 67/77 | €15,970 | €13,257 | -€2,714 | -17.0% |
| Profit (loss) for the period | 9904 | €34,710 | €29,072 | -€5,638 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,710 | €29,072 | -€5,638 | -16.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.