TIMELESS: 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.
TIMELESS
Largest movements
- Cash +€24,133
up €24,133 (+16.1%), from €149,569 to €173,702
mainly Depreciation (+€17,697) and Net result for the year (+€10,572)
- Tangible fixed assets -€11,628
down €11,628 (-3.0%), from €388,518 to €376,890
of which Land and buildings: -€16,047
- Receivables within one year +€6,723
up €6,723 (+1185.7%), from €567 to €7,290
of which Other amounts receivable: +€7,278
- Profit (loss) carried forward +€10,572
up €10,572 (+9.6%), from -€110,256 to -€99,684
- Trade debts +€6,077
up €6,077 (+165.2%), from €3,678 to €9,755
- Gross operating margin -€29,390
down €29,390 (-50.6%), from €58,070 to €28,680
- Turnover -€23,033
down €23,033 (-35.7%), from €64,561 to €41,528
- Financial income +€7,445
new in 2025: €7,445
of which Financial income: +€7,445
- Purchases and services +€6,357
up €6,357 (+97.9%), from €6,491 to €12,848
- Depreciation +€1,077
up €1,077 (+6.5%), from €16,620 to €17,697
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 | €541,557 | €560,848 | +€19,291 | +3.6% |
| Fixed assets | 21/28 | €388,518 | €376,890 | -€11,628 | -3.0% |
| Tangible fixed assets | 22/27 | €388,518 | €376,890 | -€11,628 | -3.0% |
| Land and buildings | 22 | €387,267 | €371,220 | -€16,047 | -4.1% |
| Plant, machinery and equipment | 23 | €1,251 | €5,670 | +€4,419 | +353.2% |
| Current assets | 29/58 | €153,039 | €183,958 | +€30,919 | +20.2% |
| Amounts receivable within one year | 40/41 | €567 | €7,290 | +€6,723 | +1185.7% |
| Trade receivables | 40 | €555 | - | -€555 | |
| Other amounts receivable | 41 | €12 | €7,290 | +€7,278 | +60650.0% |
| Cash at bank and in hand | 54/58 | €149,569 | €173,702 | +€24,133 | +16.1% |
| Deferred charges and accrued income | 490/1 | €2,903 | €2,966 | +€63 | +2.2% |
| Total equity and liabilities | 10/49 | €541,557 | €560,848 | +€19,291 | +3.6% |
| Equity | 10/15 | €189,744 | €200,316 | +€10,572 | +5.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,256 | -€99,684 | +€10,572 | +9.6% |
| Amounts payable | 17/49 | €351,813 | €360,532 | +€8,719 | +2.5% |
| Amounts payable after more than one year | 17 | €13,228 | €15,934 | +€2,706 | +20.5% |
| Other amounts payable | 178/9 | €13,228 | €15,934 | +€2,706 | +20.5% |
| Amounts payable within one year | 42/48 | €338,585 | €344,598 | +€6,013 | +1.8% |
| Trade debts | 44 | €3,678 | €9,755 | +€6,077 | +165.2% |
| Suppliers | 440/4 | €3,678 | €9,755 | +€6,077 | +165.2% |
| Taxes, remuneration and social security | 45 | €63 | - | -€63 | |
| Taxes | 450/3 | €63 | - | -€63 | |
| Other amounts payable | 47/48 | €334,844 | €334,843 | -€1 | 0.0% |
| Turnover | 70 | €64,561 | €41,528 | -€23,033 | -35.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,491 | €12,848 | +€6,357 | +97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,620 | €17,697 | +€1,077 | +6.5% |
| Other operating charges | 640/8 | €7,521 | €7,811 | +€290 | +3.9% |
| Gross operating margin | 9900 | €58,070 | €28,680 | -€29,390 | -50.6% |
| Operating profit (loss) | 9901 | €33,929 | €3,172 | -€30,757 | -90.7% |
| Financial income | 75/76B | - | €7,445 | +€7,445 | |
| Recurring financial income | 75 | - | €7,445 | +€7,445 | |
| Non-recurring financial income | 76B | - | €7,445 | +€7,445 | |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.8% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €33,878 | €10,572 | -€23,306 | -68.8% |
| Profit (loss) for the period | 9904 | €33,878 | €10,572 | -€23,306 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,878 | €10,572 | -€23,306 | -68.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.