TIMELINE STUDIO: 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.
TIMELINE STUDIO
Largest movements
- Cash +€10,452
up €10,452 (+49.9%), from €20,945 to €31,397
mainly Debts after one year (+€33,633) and Depreciation (+€5,895)
- Tangible fixed assets -€5,895
down €5,895 (-11.3%), from €51,944 to €46,050
- Receivables within one year -€1,098
down €1,098 (-8.6%), from €12,760 to €11,662
- Debts after one year +€33,633
new in 2025: €33,633
- Profit (loss) carried forward -€24,045
down €24,045 (-86.2%), from €27,894 to €3,850
- Other debts -€12,310
down €12,310 (-39.3%), from €31,328 to €19,018
- Current portion of long-term debt +€5,118
new in 2025: €5,118
- Trade debts +€3,983
up €3,983 (+31.0%), from €12,840 to €16,822
- Gross operating margin -€28,251
down €28,251, from €12,402 to -€15,849
- Taxes -€1,761
down €1,761 (-91.1%), from €1,933 to €172
- Financial charges -€799
down €799 (-53.5%), from €1,494 to €695
- Depreciation +€679
up €679 (+13.0%), from €5,215 to €5,895
- Staff costs +€640
new in 2025: €640
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 | €85,812 | €89,324 | +€3,512 | +4.1% |
| Fixed assets | 21/28 | €51,944 | €46,050 | -€5,895 | -11.3% |
| Tangible fixed assets | 22/27 | €51,944 | €46,050 | -€5,895 | -11.3% |
| Other tangible fixed assets | 26 | €51,944 | €46,050 | -€5,895 | -11.3% |
| Current assets | 29/58 | €33,868 | €43,274 | +€9,407 | +27.8% |
| Amounts receivable within one year | 40/41 | €12,760 | €11,662 | -€1,098 | -8.6% |
| Trade receivables | 40 | €12,760 | €11,662 | -€1,098 | -8.6% |
| Cash at bank and in hand | 54/58 | €20,945 | €31,397 | +€10,452 | +49.9% |
| Deferred charges and accrued income | 490/1 | €163 | €216 | +€53 | +32.3% |
| Total equity and liabilities | 10/49 | €85,812 | €89,324 | +€3,512 | +4.1% |
| Equity | 10/15 | €35,954 | €11,910 | -€24,045 | -66.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,894 | €3,850 | -€24,045 | -86.2% |
| Amounts payable | 17/49 | €49,858 | €77,414 | +€27,557 | +55.3% |
| Amounts payable after more than one year | 17 | - | €33,633 | +€33,633 | |
| Financial debts | 170/4 | - | €33,633 | +€33,633 | |
| Amounts payable within one year | 42/48 | €47,394 | €43,781 | -€3,613 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,118 | +€5,118 | |
| Trade debts | 44 | €12,840 | €16,822 | +€3,983 | +31.0% |
| Suppliers | 440/4 | €12,840 | €16,822 | +€3,983 | +31.0% |
| Taxes, remuneration and social security | 45 | €3,227 | €2,823 | -€404 | -12.5% |
| Taxes | 450/3 | €3,227 | €2,823 | -€404 | -12.5% |
| Other amounts payable | 47/48 | €31,328 | €19,018 | -€12,310 | -39.3% |
| Accrued charges and deferred income | 492/3 | €2,463 | - | -€2,463 | |
| Remuneration, social security and pensions | 62 | - | €640 | +€640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,215 | €5,895 | +€679 | +13.0% |
| Other operating charges | 640/8 | €519 | €794 | +€275 | +52.9% |
| Gross operating margin | 9900 | €12,402 | -€15,849 | -€28,251 | |
| Operating profit (loss) | 9901 | €6,668 | -€23,178 | -€29,845 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €1,494 | €695 | -€799 | -53.5% |
| Recurring financial charges | 65 | €1,494 | €695 | -€799 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €5,176 | -€23,872 | -€29,048 | |
| Income taxes | 67/77 | €1,933 | €172 | -€1,761 | -91.1% |
| Profit (loss) for the period | 9904 | €3,243 | -€24,045 | -€27,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,243 | -€24,045 | -€27,287 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.