TIMELESS BUILDING: 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 BUILDING
Largest movements
- Receivables within one year +€686,524
up €686,524 (+2838.3%), from €24,188 to €710,712
of which Trade receivables: +€673,948
- Cash -€539,848
down €539,848 (-80.3%), from €672,120 to €132,272
mainly Receivables within one year (-€686,524) and Short-term financial debts (-€495,964)
- Other debts +€597,330
up €597,330 (+907.3%), from €65,834 to €663,164
- Short-term financial debts -€495,964
down €495,964 (-8.4%), from €5.9m to €5.4m
- Reserves +€97,450
up €97,450 (+10.4%), from €936,883 to €1.0m
of which Distributable reserves: +€97,450
- Financial charges +€179,070
up €179,070 (+156.9%), from €114,121 to €293,191
- Taxes -€25,814
down €25,814 (-30.2%), from €85,576 to €59,762
- Gross operating margin +€7,220
up €7,220 (+1.2%), from €588,350 to €595,570
- Staff costs +€7,189
up €7,189 (+10.3%), from €69,829 to €77,017
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 | €8,056,675 | €8,252,596 | +€195,921 | +2.4% |
| Fixed assets | 21/28 | €455,331 | €393,487 | -€61,844 | -13.6% |
| Tangible fixed assets | 22/27 | €455,331 | €393,487 | -€61,844 | -13.6% |
| Land and buildings | 22 | €381,546 | €339,535 | -€42,011 | -11.0% |
| Plant, machinery and equipment | 23 | €21,397 | €17,447 | -€3,950 | -18.5% |
| Furniture and vehicles | 24 | €27,574 | €17,136 | -€10,438 | -37.9% |
| Other tangible fixed assets | 26 | €24,813 | €19,368 | -€5,445 | -21.9% |
| Current assets | 29/58 | €7,601,344 | €7,859,109 | +€257,765 | +3.4% |
| Stocks and contracts in progress | 3 | €6,900,099 | €6,978,889 | +€78,790 | +1.1% |
| Stocks | 30/36 | €6,900,099 | €6,978,889 | +€78,790 | +1.1% |
| Amounts receivable within one year | 40/41 | €24,188 | €710,712 | +€686,524 | +2838.3% |
| Trade receivables | 40 | €8,805 | €682,754 | +€673,948 | +7654.0% |
| Other amounts receivable | 41 | €15,383 | €27,959 | +€12,576 | +81.8% |
| Cash at bank and in hand | 54/58 | €672,120 | €132,272 | -€539,848 | -80.3% |
| Deferred charges and accrued income | 490/1 | €4,937 | €37,236 | +€32,300 | +654.3% |
| Total equity and liabilities | 10/49 | €8,056,675 | €8,252,596 | +€195,921 | +2.4% |
| Equity | 10/15 | €1,516,907 | €1,614,377 | +€97,470 | +6.4% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Capital | 10 | €580,000 | €580,000 | = | 0.0% |
| Issued capital | 100 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €936,883 | €1,034,333 | +€97,450 | +10.4% |
| Non-distributable reserves | 130/1 | €58,000 | €58,000 | = | 0.0% |
| Legal reserve | 130 | €58,000 | €58,000 | = | 0.0% |
| Distributable reserves | 133 | €878,883 | €976,333 | +€97,450 | +11.1% |
| Profit (loss) carried forward | 14 | €24 | €44 | +€20 | +83.1% |
| Amounts payable | 17/49 | €6,539,768 | €6,638,219 | +€98,451 | +1.5% |
| Amounts payable after more than one year | 17 | €315,000 | €315,000 | = | 0.0% |
| Financial debts | 170/4 | €315,000 | €315,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,224,768 | €6,323,219 | +€98,451 | +1.6% |
| Financial debts | 43 | €5,913,331 | €5,417,367 | -€495,964 | -8.4% |
| Credit institutions | 430/8 | €5,913,331 | €5,417,367 | -€495,964 | -8.4% |
| Trade debts | 44 | €243,842 | €193,357 | -€50,485 | -20.7% |
| Suppliers | 440/4 | €243,842 | €193,357 | -€50,485 | -20.7% |
| Taxes, remuneration and social security | 45 | €1,761 | €49,331 | +€47,570 | +2701.6% |
| Taxes | 450/3 | €929 | €43,699 | +€42,770 | +4604.6% |
| Remuneration and social security | 454/9 | €832 | €5,632 | +€4,800 | +577.0% |
| Other amounts payable | 47/48 | €65,834 | €663,164 | +€597,330 | +907.3% |
| Remuneration, social security and pensions | 62 | €69,829 | €77,017 | +€7,189 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,311 | €69,225 | -€86 | -0.1% |
| Other operating charges | 640/8 | €7,548 | €4,259 | -€3,289 | -43.6% |
| Gross operating margin | 9900 | €588,350 | €595,570 | +€7,220 | +1.2% |
| Operating profit (loss) | 9901 | €441,662 | €445,068 | +€3,405 | +0.8% |
| Financial income | 75/76B | €3,444 | €5,356 | +€1,912 | +55.5% |
| Recurring financial income | 75 | €3,444 | €5,356 | +€1,912 | +55.5% |
| Financial charges | 65/66B | €114,121 | €293,191 | +€179,070 | +156.9% |
| Recurring financial charges | 65 | €114,121 | €293,191 | +€179,070 | +156.9% |
| Profit (loss) for the period before taxes | 9903 | €330,985 | €157,233 | -€173,753 | -52.5% |
| Income taxes | 67/77 | €85,576 | €59,762 | -€25,814 | -30.2% |
| Profit (loss) for the period | 9904 | €245,409 | €97,470 | -€147,939 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €245,409 | €97,470 | -€147,939 | -60.3% |
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 10 October 2026 via checked.be.