Timeless 04: 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.
Timeless 04
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Stocks and contracts -€123,190
down €123,190 (-21.2%), from €580,520 to €457,330
- Cash -€121,801
down €121,801 (-24.6%), from €495,179 to €373,378
mainly Contributions, distributions and other (-€700,000) and Current investments (-€400,000)
- Tangible fixed assets -€76,173
down €76,173 (-44.1%), from €172,743 to €96,570
of which Other tangible fixed assets: -€65,510
- Intangible fixed assets -€14,454
down €14,454 (-60.1%), from €24,035 to €9,581
- Other debts +€350,193
up €350,193 (+97.0%), from €360,931 to €711,125
- Reserves -€321,414
down €321,414 (-47.3%), from €679,233 to €357,819
- Trade debts +€58,227
up €58,227 (+57.4%), from €101,354 to €159,580
- Tax, wage and social debts -€17,809
down €17,809 (-11.4%), from €155,567 to €137,758
of which Taxes: -€21,429
- Purchases and services +€451,447
up €451,447 (+8.7%), from €5.2m to €5.7m
- Turnover +€431,179
up €431,179 (+6.9%), from €6.3m to €6.7m
- Staff costs -€133,150
down €133,150 (-25.2%), from €529,283 to €396,133
- Taxes +€126,832
up €126,832 (+1,470%), from €8,630 to €135,462
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 | €1,316,823 | €1,384,882 | +€68,059 | +5.2% |
| Fixed assets | 21/28 | €201,898 | €109,151 | -€92,747 | -45.9% |
| Intangible fixed assets | 21 | €24,035 | €9,581 | -€14,454 | -60.1% |
| Tangible fixed assets | 22/27 | €172,743 | €96,570 | -€76,173 | -44.1% |
| Plant, machinery and equipment | 23 | €4,270 | €1,199 | -€3,071 | -71.9% |
| Furniture and vehicles | 24 | €10,964 | €3,371 | -€7,592 | -69.2% |
| Other tangible fixed assets | 26 | €157,509 | €92,000 | -€65,510 | -41.6% |
| Financial fixed assets | 28 | €5,120 | €3,000 | -€2,120 | -41.4% |
| Current assets | 29/58 | €1,114,925 | €1,275,731 | +€160,806 | +14.4% |
| Stocks and contracts in progress | 3 | €580,520 | €457,330 | -€123,190 | -21.2% |
| Stocks | 30/36 | €580,520 | €457,330 | -€123,190 | -21.2% |
| Amounts receivable within one year | 40/41 | €37,646 | €43,120 | +€5,474 | +14.5% |
| Trade receivables | 40 | €36,403 | €24,903 | -€11,500 | -31.6% |
| Other amounts receivable | 41 | €1,243 | €18,217 | +€16,974 | +1,365% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €495,179 | €373,378 | -€121,801 | -24.6% |
| Deferred charges and accrued income | 490/1 | €1,580 | €1,903 | +€323 | +20.5% |
| Total equity and liabilities | 10/49 | €1,316,823 | €1,384,882 | +€68,059 | +5.2% |
| Equity | 10/15 | €697,833 | €376,419 | -€321,414 | -46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €679,233 | €357,819 | -€321,414 | -47.3% |
| Distributable reserves | 133 | €679,233 | €357,819 | -€321,414 | -47.3% |
| Amounts payable | 17/49 | €618,990 | €1,008,463 | +€389,473 | +62.9% |
| Amounts payable within one year | 42/48 | €617,851 | €1,008,463 | +€390,611 | +63.2% |
| Trade debts | 44 | €101,354 | €159,580 | +€58,227 | +57.4% |
| Suppliers | 440/4 | €101,354 | €159,580 | +€58,227 | +57.4% |
| Taxes, remuneration and social security | 45 | €155,567 | €137,758 | -€17,809 | -11.4% |
| Taxes | 450/3 | €117,307 | €95,878 | -€21,429 | -18.3% |
| Remuneration and social security | 454/9 | €38,259 | €41,880 | +€3,621 | +9.5% |
| Other amounts payable | 47/48 | €360,931 | €711,125 | +€350,193 | +97.0% |
| Accrued charges and deferred income | 492/3 | €1,138 | - | -€1,138 | |
| Turnover | 70 | €6,254,109 | €6,685,287 | +€431,179 | +6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,213,859 | €5,665,305 | +€451,447 | +8.7% |
| Remuneration, social security and pensions | 62 | €529,283 | €396,133 | -€133,150 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,357 | €92,451 | -€9,906 | -9.7% |
| Other operating charges | 640/8 | €10,494 | €2,767 | -€7,727 | -73.6% |
| Non-recurring operating charges | 66A | €26,457 | - | -€26,457 | |
| Gross operating margin | 9900 | €1,048,258 | €1,025,201 | -€23,057 | -2.2% |
| Operating profit (loss) | 9901 | €379,666 | €533,849 | +€154,183 | +40.6% |
| Financial income | 75/76B | €1,655 | €7,106 | +€5,451 | +329% |
| Recurring financial income | 75 | €1,655 | €7,106 | +€5,451 | +329% |
| Financial charges | 65/66B | €30,344 | €26,908 | -€3,436 | -11.3% |
| Recurring financial charges | 65 | €30,344 | €26,908 | -€3,436 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €350,978 | €514,047 | +€163,070 | +46.5% |
| Income taxes | 67/77 | €8,630 | €135,462 | +€126,832 | +1,470% |
| Profit (loss) for the period | 9904 | €342,348 | €378,586 | +€36,238 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €342,348 | €378,586 | +€36,238 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.