TIMELESS REAL ESTATE: 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 REAL ESTATE
Largest movements
- Cash -€27,338
down €27,338 (-53.7%), from €50,883 to €23,545
mainly Net result for the year (-€57,154) and Current portion of long-term debt (-€36,000)
- Other debts +€81,000
up €81,000 (+6.3%), from €1.3m to €1.4m
- Profit (loss) carried forward -€57,154
down €57,154 (-27.0%), from €211,424 to €154,270
- Current portion of long-term debt -€36,000
down €36,000 (-42.4%), from €85,000 to €49,000
- Debts after one year -€28,000
no longer reported in 2025 (was €28,000)
- Other operating charges +€6,946
up €6,946 (+101%), from €6,868 to €13,815
- Financial charges +€4,253
up €4,253 (+9,777%), from €44 to €4,296
- Gross operating margin +€694
up €694 (+4.4%), from -€15,833 to -€15,139
- Depreciation +€674
up €674 (+2.9%), from €23,230 to €23,904
- Financial income -€457
no longer reported in 2025 (was €457)
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 | €2,688,132 | €2,646,302 | -€41,830 | -1.6% |
| Fixed assets | 21/28 | €1,354,089 | €1,339,596 | -€14,493 | -1.1% |
| Tangible fixed assets | 22/27 | €1,354,089 | €1,339,596 | -€14,493 | -1.1% |
| Land and buildings | 22 | €1,354,089 | €1,339,596 | -€14,493 | -1.1% |
| Current assets | 29/58 | €1,334,043 | €1,306,705 | -€27,338 | -2.0% |
| Stocks and contracts in progress | 3 | €1,283,160 | €1,283,160 | = | 0.0% |
| Stocks | 30/36 | €1,283,160 | €1,283,160 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,883 | €23,545 | -€27,338 | -53.7% |
| Total equity and liabilities | 10/49 | €2,688,132 | €2,646,302 | -€41,830 | -1.6% |
| Equity | 10/15 | €1,288,924 | €1,231,770 | -€57,154 | -4.4% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €52,500 | €52,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,500 | €52,500 | = | 0.0% |
| Legal reserve | 130 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,424 | €154,270 | -€57,154 | -27.0% |
| Amounts payable | 17/49 | €1,399,208 | €1,414,532 | +€15,323 | +1.1% |
| Amounts payable after more than one year | 17 | €28,000 | - | -€28,000 | |
| Other amounts payable | 178/9 | €28,000 | - | -€28,000 | |
| Amounts payable within one year | 42/48 | €1,371,208 | €1,414,532 | +€43,323 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €85,000 | €49,000 | -€36,000 | -42.4% |
| Trade debts | 44 | €2,426 | €749 | -€1,677 | -69.1% |
| Suppliers | 440/4 | €2,426 | €749 | -€1,677 | -69.1% |
| Other amounts payable | 47/48 | €1,283,783 | €1,364,783 | +€81,000 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,230 | €23,904 | +€674 | +2.9% |
| Other operating charges | 640/8 | €6,868 | €13,815 | +€6,946 | +101% |
| Gross operating margin | 9900 | -€15,833 | -€15,139 | +€694 | +4.4% |
| Operating profit (loss) | 9901 | -€45,931 | -€52,858 | -€6,927 | -15.1% |
| Financial income | 75/76B | €457 | - | -€457 | |
| Recurring financial income | 75 | €457 | - | -€457 | |
| Financial charges | 65/66B | €44 | €4,296 | +€4,253 | +9,777% |
| Recurring financial charges | 65 | €44 | €4,296 | +€4,253 | +9,777% |
| Profit (loss) for the period before taxes | 9903 | -€45,517 | -€57,154 | -€11,636 | -25.6% |
| Profit (loss) for the period | 9904 | -€45,517 | -€57,154 | -€11,636 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,517 | -€57,154 | -€11,636 | -25.6% |
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 27 October 2026 via checked.be.