Timepieces Belgium: what changed
Timepieces Belgium
Largest movements
- Receivables within one year +€272,068
up €272,068 (+178%), from €152,973 to €425,041
- Tangible fixed assets +€88,582
up €88,582 (+1,411%), from €6,280 to €94,861
of which Furniture and vehicles: +€87,445
- Cash +€63,729
up €63,729 (+447%), from €14,254 to €77,983
mainly Debts after one year (+€141,742) and Current portion of long-term debt (+€78,805)
- Deferred charges and accrued income +€7,539
new in 2025: €7,539
- Debts after one year +€141,742
up €141,742 (+94.5%), from €150,000 to €291,742
- Current portion of long-term debt +€78,805
new in 2025: €78,805
- Other debts +€72,808
up €72,808 (+99.1%), from €73,445 to €146,253
- Reserves +€69,542
up €69,542 (+285%), from €24,433 to €93,975
- Trade debts +€58,829
new in 2025: €58,829
- Gross operating margin +€86,133
up €86,133 (+256%), from €33,629 to €119,762
- Taxes +€14,529
up €14,529 (+222%), from €6,530 to €21,059
- Financial charges +€13,575
up €13,575 (+1,179%), from €1,152 to €14,726
- Depreciation +€8,308
up €8,308 (+736%), from €1,129 to €9,437
- Other operating charges +€4,613
up €4,613 (+1,200%), from €384 to €4,997
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,395 | €707,313 | +€431,918 | +157% |
| Fixed assets | 21/28 | €6,280 | €94,861 | +€88,582 | +1,411% |
| Tangible fixed assets | 22/27 | €6,280 | €94,861 | +€88,582 | +1,411% |
| Plant, machinery and equipment | 23 | €1,314 | €2,450 | +€1,136 | +86.5% |
| Furniture and vehicles | 24 | €4,966 | €92,411 | +€87,445 | +1,761% |
| Current assets | 29/58 | €269,115 | €612,452 | +€343,337 | +128% |
| Stocks and contracts in progress | 3 | €101,889 | €101,889 | = | 0.0% |
| Stocks | 30/36 | €101,889 | €101,889 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,973 | €425,041 | +€272,068 | +178% |
| Trade receivables | 40 | €152,973 | €425,041 | +€272,068 | +178% |
| Cash at bank and in hand | 54/58 | €14,254 | €77,983 | +€63,729 | +447% |
| Deferred charges and accrued income | 490/1 | - | €7,539 | +€7,539 | |
| Total equity and liabilities | 10/49 | €275,395 | €707,313 | +€431,918 | +157% |
| Equity | 10/15 | €26,433 | €95,975 | +€69,542 | +263% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,433 | €93,975 | +€69,542 | +285% |
| Distributable reserves | 133 | €24,433 | €93,975 | +€69,542 | +285% |
| Amounts payable | 17/49 | €248,962 | €611,339 | +€362,376 | +146% |
| Amounts payable after more than one year | 17 | €150,000 | €291,742 | +€141,742 | +94.5% |
| Financial debts | 170/4 | €150,000 | €291,742 | +€141,742 | +94.5% |
| Amounts payable within one year | 42/48 | €98,617 | €319,596 | +€220,980 | +224% |
| Current portion of amounts payable after more than one year | 42 | - | €78,805 | +€78,805 | |
| Trade debts | 44 | - | €58,829 | +€58,829 | |
| Suppliers | 440/4 | - | €58,829 | +€58,829 | |
| Taxes, remuneration and social security | 45 | €25,172 | €35,709 | +€10,537 | +41.9% |
| Taxes | 450/3 | €25,172 | €35,709 | +€10,537 | +41.9% |
| Other amounts payable | 47/48 | €73,445 | €146,253 | +€72,808 | +99.1% |
| Accrued charges and deferred income | 492/3 | €345 | - | -€345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,129 | €9,437 | +€8,308 | +736% |
| Other operating charges | 640/8 | €384 | €4,997 | +€4,613 | +1,200% |
| Gross operating margin | 9900 | €33,629 | €119,762 | +€86,133 | +256% |
| Operating profit (loss) | 9901 | €32,115 | €105,328 | +€73,213 | +228% |
| Financial charges | 65/66B | €1,152 | €14,726 | +€13,575 | +1,179% |
| Recurring financial charges | 65 | €1,152 | €14,726 | +€13,575 | +1,179% |
| Profit (loss) for the period before taxes | 9903 | €30,963 | €90,601 | +€59,638 | +193% |
| Income taxes | 67/77 | €6,530 | €21,059 | +€14,529 | +222% |
| Profit (loss) for the period | 9904 | €24,433 | €69,542 | +€45,109 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €24,433 | €69,542 | +€45,109 | +185% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.