TIMEFAIR CONSULT: 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.
TIMEFAIR CONSULT
Largest movements
- Cash +€5,215
up €5,215 (+104.9%), from €4,969 to €10,184
mainly Net result for the year (+€2,254) and Tax, wage and social debts (+€1,901)
- Tangible fixed assets -€299
down €299 (-14.2%), from €2,105 to €1,806
- Reserves +€2,254
up €2,254 (+121.2%), from €1,860 to €4,114
of which Distributable reserves: +€2,254
- Tax, wage and social debts +€1,901
up €1,901 (+156.2%), from €1,217 to €3,118
- Trade debts +€860
up €860 (+193.4%), from €445 to €1,305
- Gross operating margin -€668
down €668 (-13.3%), from €5,024 to €4,357
- Taxes +€593
up €593 (+81.5%), from €728 to €1,320
- Other operating charges +€299
up €299 (+351.1%), from €85 to €384
- Financial charges -€231
down €231 (-70.1%), from €329 to €98
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 | €9,896 | €14,911 | +€5,015 | +50.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,105 | €1,806 | -€299 | -14.2% |
| Tangible fixed assets | 22/27 | €2,105 | €1,806 | -€299 | -14.2% |
| Furniture and vehicles | 24 | €2,105 | €1,806 | -€299 | -14.2% |
| Current assets | 29/58 | €7,791 | €13,106 | +€5,315 | +68.2% |
| Amounts receivable within one year | 40/41 | €2,822 | €2,922 | +€100 | +3.5% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,822 | €2,922 | +€100 | +3.5% |
| Cash at bank and in hand | 54/58 | €4,969 | €10,184 | +€5,215 | +104.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,896 | €14,911 | +€5,015 | +50.7% |
| Equity | 10/15 | €8,234 | €10,489 | +€2,254 | +27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €4,114 | +€2,254 | +121.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €2,254 | +€2,254 | |
| Profit (loss) carried forward | 14 | €174 | €174 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,662 | €4,423 | +€2,761 | +166.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,662 | €4,423 | +€2,761 | +166.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €445 | €1,305 | +€860 | +193.4% |
| Suppliers | 440/4 | €445 | €1,305 | +€860 | +193.4% |
| Taxes, remuneration and social security | 45 | €1,217 | €3,118 | +€1,901 | +156.2% |
| Taxes | 450/3 | €1,217 | €3,118 | +€1,901 | +156.2% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €299 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €384 | +€299 | +351.1% |
| Gross operating margin | 9900 | €5,024 | €4,357 | -€668 | -13.3% |
| Operating profit (loss) | 9901 | €4,640 | €3,673 | -€967 | -20.8% |
| Financial charges | 65/66B | €329 | €98 | -€231 | -70.1% |
| Recurring financial charges | 65 | €329 | €98 | -€231 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €4,311 | €3,575 | -€736 | -17.1% |
| Income taxes | 67/77 | €728 | €1,320 | +€593 | +81.5% |
| Profit (loss) for the period | 9904 | €3,583 | €2,254 | -€1,329 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,583 | €2,254 | -€1,329 | -37.1% |
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 12 October 2026 via checked.be.