TIME2TRACE: 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.
TIME2TRACE
Largest movements
- Cash +€31,341
up €31,341 (+47.6%), from €65,828 to €97,169
mainly Net result for the year (+€21,446) and Deferred charges and accrued income (+€11,494)
- Deferred charges and accrued income -€11,494
down €11,494 (-80.8%), from €14,222 to €2,727
- Receivables within one year -€10,406
down €10,406 (-15.0%), from €69,190 to €58,783
of which Other amounts receivable: -€14,443
- Tangible fixed assets +€3,040
up €3,040 (+80.3%), from €3,785 to €6,825
of which Plant, machinery and equipment: +€2,336
- Reserves +€21,446
up €21,446 (+28.7%), from €74,800 to €96,246
of which Distributable reserves: +€21,446
- Trade debts -€19,646
down €19,646 (-69.8%), from €28,150 to €8,504
- Tax, wage and social debts +€5,175
up €5,175 (+22.8%), from €22,706 to €27,882
of which Taxes: +€2,779
- Other debts +€4,857
up €4,857 (+23.4%), from €20,731 to €25,588
- Gross operating margin +€36,649
up €36,649 (+42.1%), from €86,956 to €123,606
- Staff costs +€23,036
up €23,036 (+35.2%), from €65,406 to €88,443
- Taxes +€3,787
up €3,787 (+54.3%), from €6,973 to €10,760
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 | €153,388 | €165,867 | +€12,479 | +8.1% |
| Fixed assets | 21/28 | €4,148 | €7,188 | +€3,040 | +73.3% |
| Tangible fixed assets | 22/27 | €3,785 | €6,825 | +€3,040 | +80.3% |
| Plant, machinery and equipment | 23 | €3,785 | €6,121 | +€2,336 | +61.7% |
| Furniture and vehicles | 24 | - | €703 | +€703 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €149,240 | €158,679 | +€9,440 | +6.3% |
| Amounts receivable within one year | 40/41 | €69,190 | €58,783 | -€10,406 | -15.0% |
| Trade receivables | 40 | €51,654 | €55,691 | +€4,037 | +7.8% |
| Other amounts receivable | 41 | €17,535 | €3,092 | -€14,443 | -82.4% |
| Cash at bank and in hand | 54/58 | €65,828 | €97,169 | +€31,341 | +47.6% |
| Deferred charges and accrued income | 490/1 | €14,222 | €2,727 | -€11,494 | -80.8% |
| Total equity and liabilities | 10/49 | €153,388 | €165,867 | +€12,479 | +8.1% |
| Equity | 10/15 | €81,800 | €103,246 | +€21,446 | +26.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €74,800 | €96,246 | +€21,446 | +28.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,940 | €94,386 | +€21,446 | +29.4% |
| Amounts payable | 17/49 | €71,588 | €62,621 | -€8,967 | -12.5% |
| Amounts payable within one year | 42/48 | €71,588 | €61,974 | -€9,614 | -13.4% |
| Trade debts | 44 | €28,150 | €8,504 | -€19,646 | -69.8% |
| Suppliers | 440/4 | €28,150 | €8,504 | -€19,646 | -69.8% |
| Taxes, remuneration and social security | 45 | €22,706 | €27,882 | +€5,175 | +22.8% |
| Taxes | 450/3 | €7,982 | €10,760 | +€2,779 | +34.8% |
| Remuneration and social security | 454/9 | €14,725 | €17,122 | +€2,397 | +16.3% |
| Other amounts payable | 47/48 | €20,731 | €25,588 | +€4,857 | +23.4% |
| Accrued charges and deferred income | 492/3 | - | €647 | +€647 | |
| Remuneration, social security and pensions | 62 | €65,406 | €88,443 | +€23,036 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,206 | €1,759 | +€554 | +45.9% |
| Other operating charges | 640/8 | €148 | €932 | +€784 | +529% |
| Gross operating margin | 9900 | €86,956 | €123,606 | +€36,649 | +42.1% |
| Operating profit (loss) | 9901 | €20,196 | €32,472 | +€12,276 | +60.8% |
| Financial income | 75/76B | €1,059 | €736 | -€323 | -30.5% |
| Recurring financial income | 75 | €1,059 | €736 | -€323 | -30.5% |
| Financial charges | 65/66B | €992 | €1,002 | +€10 | +1.0% |
| Recurring financial charges | 65 | €992 | €1,002 | +€10 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €20,263 | €32,206 | +€11,943 | +58.9% |
| Income taxes | 67/77 | €6,973 | €10,760 | +€3,787 | +54.3% |
| Profit (loss) for the period | 9904 | €13,290 | €21,446 | +€8,155 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,290 | €21,446 | +€8,155 | +61.4% |
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 15 October 2026 via checked.be.