TIMES Nach: what changed
TIMES Nach
Largest movements
- Tangible fixed assets -€9,333
down €9,333 (-58.9%), from €15,854 to €6,521
- Cash -€8,159
down €8,159 (-32.5%), from €25,097 to €16,938
mainly Other debts (-€15,211) and Debts after one year (-€6,348)
- Receivables within one year -€3,955
down €3,955 (-71.0%), from €5,572 to €1,617
of which Trade receivables: -€2,167
- Stocks and contracts -€3,791
down €3,791 (-6.2%), from €61,619 to €57,828
- Other debts -€15,211
down €15,211 (-20.5%), from €74,061 to €58,850
- Debts after one year -€6,348
no longer reported in 2025 (was €6,348)
- Trade debts -€6,014
down €6,014 (-64.5%), from €9,326 to €3,312
- Profit (loss) carried forward +€4,481
up €4,481, from -€4,446 to €34
- Current portion of long-term debt -€1,748
down €1,748 (-21.6%), from €8,095 to €6,348
- Gross operating margin +€2,381
up €2,381 (+11.5%), from €20,624 to €23,005
- Taxes +€1,637
up €1,637 (+243%), from €674 to €2,311
- Other operating charges -€1,616
down €1,616 (-23.1%), from €6,999 to €5,383
- Financial charges -€468
down €468 (-22.2%), from €2,109 to €1,640
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 | €114,726 | €89,489 | -€25,237 | -22.0% |
| Fixed assets | 21/28 | €22,354 | €13,021 | -€9,333 | -41.8% |
| Tangible fixed assets | 22/27 | €15,854 | €6,521 | -€9,333 | -58.9% |
| Furniture and vehicles | 24 | €15,854 | €6,521 | -€9,333 | -58.9% |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €92,372 | €76,468 | -€15,904 | -17.2% |
| Stocks and contracts in progress | 3 | €61,619 | €57,828 | -€3,791 | -6.2% |
| Stocks | 30/36 | €61,619 | €57,828 | -€3,791 | -6.2% |
| Amounts receivable within one year | 40/41 | €5,572 | €1,617 | -€3,955 | -71.0% |
| Trade receivables | 40 | €3,326 | €1,159 | -€2,167 | -65.2% |
| Other amounts receivable | 41 | €2,245 | €458 | -€1,787 | -79.6% |
| Cash at bank and in hand | 54/58 | €25,097 | €16,938 | -€8,159 | -32.5% |
| Deferred charges and accrued income | 490/1 | €84 | €85 | +€1 | +1.0% |
| Total equity and liabilities | 10/49 | €114,726 | €89,489 | -€25,237 | -22.0% |
| Equity | 10/15 | €14,187 | €18,668 | +€4,481 | +31.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €83 | €83 | = | 0.0% |
| Distributable reserves | 133 | €83 | €83 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,446 | €34 | +€4,481 | |
| Amounts payable | 17/49 | €100,538 | €70,821 | -€29,718 | -29.6% |
| Amounts payable after more than one year | 17 | €6,348 | - | -€6,348 | |
| Financial debts | 170/4 | €6,348 | - | -€6,348 | |
| Amounts payable within one year | 42/48 | €94,191 | €70,821 | -€23,370 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €8,095 | €6,348 | -€1,748 | -21.6% |
| Trade debts | 44 | €9,326 | €3,312 | -€6,014 | -64.5% |
| Suppliers | 440/4 | €9,326 | €3,312 | -€6,014 | -64.5% |
| Taxes, remuneration and social security | 45 | €2,708 | €2,311 | -€397 | -14.7% |
| Taxes | 450/3 | €2,708 | €2,311 | -€397 | -14.7% |
| Other amounts payable | 47/48 | €74,061 | €58,850 | -€15,211 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,333 | €9,333 | = | 0.0% |
| Other operating charges | 640/8 | €6,999 | €5,383 | -€1,616 | -23.1% |
| Gross operating margin | 9900 | €20,624 | €23,005 | +€2,381 | +11.5% |
| Operating profit (loss) | 9901 | €4,292 | €8,289 | +€3,998 | +93.2% |
| Financial income | 75/76B | €121 | €143 | +€21 | +17.6% |
| Recurring financial income | 75 | €121 | €143 | +€21 | +17.6% |
| Financial charges | 65/66B | €2,109 | €1,640 | -€468 | -22.2% |
| Recurring financial charges | 65 | €2,109 | €1,640 | -€468 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €2,304 | €6,791 | +€4,487 | +195% |
| Income taxes | 67/77 | €674 | €2,311 | +€1,637 | +243% |
| Profit (loss) for the period | 9904 | €1,631 | €4,481 | +€2,850 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €1,631 | €4,481 | +€2,850 | +175% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.