TIMELESS: what changed
TIMELESS
Largest movements
- Stocks and contracts -€57,590
down €57,590 (-82.2%), from €70,046 to €12,456
- Receivables within one year +€15,334
up €15,334 (+893%), from €1,717 to €17,052
of which Other amounts receivable: +€15,334
- Tangible fixed assets -€12,507
down €12,507 (-15.1%), from €82,645 to €70,138
- Cash -€2,579
down €2,579 (-8.5%), from €30,447 to €27,868
mainly Other debts (-€53,091) and Receivables within one year (-€15,334)
- Other debts -€53,091
down €53,091 (-100%), from €53,091 to €0
- Tax, wage and social debts -€3,601
down €3,601 (-46.5%), from €7,743 to €4,143
- Gross operating margin -€12,738
down €12,738 (-40.8%), from €31,208 to €18,470
- Taxes -€2,984
down €2,984 (-74.2%), from €4,024 to €1,040
- Other operating charges +€596
up €596 (+10.4%), from €5,740 to €6,336
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,855 | €127,513 | -€57,342 | -31.0% |
| Fixed assets | 21/28 | €82,645 | €70,138 | -€12,507 | -15.1% |
| Tangible fixed assets | 22/27 | €82,645 | €70,138 | -€12,507 | -15.1% |
| Land and buildings | 22 | €58,721 | €52,711 | -€6,010 | -10.2% |
| Plant, machinery and equipment | 23 | €1,600 | €684 | -€916 | -57.3% |
| Furniture and vehicles | 24 | €22,325 | €16,743 | -€5,581 | -25.0% |
| Current assets | 29/58 | €102,210 | €57,375 | -€44,835 | -43.9% |
| Stocks and contracts in progress | 3 | €70,046 | €12,456 | -€57,590 | -82.2% |
| Stocks | 30/36 | €70,046 | €12,456 | -€57,590 | -82.2% |
| Amounts receivable within one year | 40/41 | €1,717 | €17,052 | +€15,334 | +893% |
| Trade receivables | 40 | €1,717 | €1,717 | = | 0.0% |
| Other amounts receivable | 41 | - | €15,334 | +€15,334 | |
| Cash at bank and in hand | 54/58 | €30,447 | €27,868 | -€2,579 | -8.5% |
| Total equity and liabilities | 10/49 | €184,855 | €127,513 | -€57,342 | -31.0% |
| Equity | 10/15 | €114,974 | €114,546 | -€429 | -0.4% |
| Contributions | 10/11 | €118,171 | €118,171 | = | 0.0% |
| Reserves | 13 | €7,347 | €5,969 | -€1,378 | -18.7% |
| Tax-exempt reserves | 132 | €7,347 | €5,969 | -€1,378 | -18.7% |
| Profit (loss) carried forward | 14 | -€13,914 | -€12,432 | +€1,481 | +10.6% |
| Investment grants | 15 | €3,370 | €2,838 | -€532 | -15.8% |
| Provisions and deferred taxes | 16 | €5,518 | €4,535 | -€983 | -17.8% |
| Deferred taxes | 168 | €5,518 | €4,535 | -€983 | -17.8% |
| Amounts payable | 17/49 | €64,363 | €8,433 | -€55,930 | -86.9% |
| Amounts payable within one year | 42/48 | €64,363 | €8,433 | -€55,930 | -86.9% |
| Trade debts | 44 | €3,528 | €4,290 | +€762 | +21.6% |
| Suppliers | 440/4 | €3,528 | €4,290 | +€762 | +21.6% |
| Taxes, remuneration and social security | 45 | €7,743 | €4,143 | -€3,601 | -46.5% |
| Taxes | 450/3 | €7,743 | €4,143 | -€3,601 | -46.5% |
| Other amounts payable | 47/48 | €53,091 | €0 | -€53,091 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,507 | €12,507 | = | 0.0% |
| Other operating charges | 640/8 | €5,740 | €6,336 | +€596 | +10.4% |
| Gross operating margin | 9900 | €31,208 | €18,470 | -€12,738 | -40.8% |
| Operating profit (loss) | 9901 | €12,962 | -€372 | -€13,334 | |
| Financial income | 75/76B | €532 | €532 | = | 0.0% |
| Recurring financial income | 75 | €532 | €532 | = | 0.0% |
| Financial charges | 65/66B | €21 | €0 | -€21 | -100% |
| Recurring financial charges | 65 | €21 | €0 | -€21 | -100% |
| Profit (loss) for the period before taxes | 9903 | €13,474 | €160 | -€13,314 | -98.8% |
| Transfer from deferred taxes | 780 | €983 | €983 | = | 0.0% |
| Income taxes | 67/77 | €4,024 | €1,040 | -€2,984 | -74.2% |
| Profit (loss) for the period | 9904 | €10,433 | €104 | -€10,329 | -99.0% |
| Transfer from tax-exempt reserves | 789 | €1,378 | €1,378 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,810 | €1,481 | -€10,329 | -87.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.