Timelex: 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.
Timelex
Largest movements
- Cash +€199,389
up €199,389 (+22.1%), from €903,173 to €1.1m
mainly Accrued charges and deferred income (+€250,148) and Receivables within one year (+€87,024)
- Receivables within one year -€87,024
down €87,024 (-6.8%), from €1.3m to €1.2m
of which Other amounts receivable: -€97,821
- Accrued charges and deferred income +€250,148
up €250,148 (+35.2%), from €710,841 to €960,989
- Trade debts -€172,472
down €172,472 (-37.4%), from €461,288 to €288,816
- Reserves +€44,021
up €44,021 (+4.3%), from €1.0m to €1.1m
- Taxes -€6,574
down €6,574 (-25.1%), from €26,212 to €19,638
- Staff costs +€6,025
up €6,025 (+2.6%), from €228,915 to €234,939
- Gross operating margin -€4,338
down €4,338 (-1.4%), from €313,614 to €309,276
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 | €2,228,390 | €2,350,868 | +€122,478 | +5.5% |
| Fixed assets | 21/28 | €34,203 | €42,345 | +€8,142 | +23.8% |
| Tangible fixed assets | 22/27 | €22,038 | €30,180 | +€8,142 | +36.9% |
| Plant, machinery and equipment | 23 | €16,989 | €24,396 | +€7,407 | +43.6% |
| Furniture and vehicles | 24 | €3,895 | €2,288 | -€1,607 | -41.3% |
| Leasing and similar rights | 25 | €1,154 | €3,496 | +€2,342 | +202.9% |
| Financial fixed assets | 28 | €12,165 | €12,165 | = | 0.0% |
| Current assets | 29/58 | €2,194,187 | €2,308,523 | +€114,337 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,285,379 | €1,198,356 | -€87,024 | -6.8% |
| Trade receivables | 40 | €1,082,211 | €1,093,008 | +€10,797 | +1.0% |
| Other amounts receivable | 41 | €203,168 | €105,348 | -€97,821 | -48.1% |
| Current investments | 50/53 | €5,634 | €5,634 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €903,173 | €1,102,562 | +€199,389 | +22.1% |
| Deferred charges and accrued income | 490/1 | - | €1,971 | +€1,971 | |
| Total equity and liabilities | 10/49 | €2,228,390 | €2,350,868 | +€122,478 | +5.5% |
| Equity | 10/15 | €1,034,632 | €1,078,653 | +€44,021 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,028,432 | €1,072,453 | +€44,021 | +4.3% |
| Distributable reserves | 133 | €1,028,432 | €1,072,453 | +€44,021 | +4.3% |
| Amounts payable | 17/49 | €1,193,758 | €1,272,215 | +€78,458 | +6.6% |
| Amounts payable within one year | 42/48 | €482,917 | €311,227 | -€171,690 | -35.6% |
| Trade debts | 44 | €461,288 | €288,816 | -€172,472 | -37.4% |
| Suppliers | 440/4 | €461,288 | €288,816 | -€172,472 | -37.4% |
| Taxes, remuneration and social security | 45 | €21,629 | €22,411 | +€782 | +3.6% |
| Taxes | 450/3 | €5,532 | - | -€5,532 | |
| Remuneration and social security | 454/9 | €16,097 | €22,411 | +€6,314 | +39.2% |
| Accrued charges and deferred income | 492/3 | €710,841 | €960,989 | +€250,148 | +35.2% |
| Remuneration, social security and pensions | 62 | €228,915 | €234,939 | +€6,025 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,317 | €12,403 | +€86 | +0.7% |
| Other operating charges | 640/8 | €1,045 | €1,055 | +€10 | +0.9% |
| Gross operating margin | 9900 | €313,614 | €309,276 | -€4,338 | -1.4% |
| Operating profit (loss) | 9901 | €71,338 | €60,879 | -€10,459 | -14.7% |
| Financial income | 75/76B | €2,267 | €2,780 | +€513 | +22.6% |
| Recurring financial income | 75 | €2,267 | €2,780 | +€513 | +22.6% |
| Financial charges | 65/66B | €1,485 | - | -€1,485 | |
| Recurring financial charges | 65 | €1,485 | - | -€1,485 | |
| Profit (loss) for the period before taxes | 9903 | €72,120 | €63,659 | -€8,461 | -11.7% |
| Income taxes | 67/77 | €26,212 | €19,638 | -€6,574 | -25.1% |
| Profit (loss) for the period | 9904 | €45,907 | €44,021 | -€1,887 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,907 | €44,021 | -€1,887 | -4.1% |
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 30 September 2026 via checked.be.