TIMES SQUARE: 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.
TIMES SQUARE
Largest movements
- Receivables within one year +€17,044
up €17,044 (+74.0%), from €23,027 to €40,071
of which Other amounts receivable: +€15,000
- Cash -€6,004
down €6,004 (-8.7%), from €68,793 to €62,789
mainly Receivables within one year (-€17,044) and Other debts (-€4,886)
- Tangible fixed assets -€5,437
down €5,437 (-60.7%), from €8,958 to €3,521
of which Furniture and vehicles: -€4,161
- Deferred charges and accrued income -€2,564
down €2,564 (-72.0%), from €3,560 to €996
- Profit (loss) carried forward +€6,591
up €6,591 (+283%), from €2,327 to €8,919
- Other debts -€4,886
down €4,886 (-97.7%), from €5,000 to €114
- Tax, wage and social debts +€4,855
up €4,855 (+102%), from €4,752 to €9,607
of which Taxes: +€7,109
- Trade debts -€3,655
down €3,655 (-35.6%), from €10,258 to €6,603
- Turnover -€66,040
down €66,040 (-27.9%), from €236,442 to €170,402
- Purchases and services -€21,323
down €21,323 (-11.4%), from €186,466 to €165,144
- Gross operating margin -€21,055
down €21,055 (-38.2%), from €55,097 to €34,042
- Taxes -€5,629
down €5,629 (-63.7%), from €8,833 to €3,204
- Staff costs +€2,997
up €2,997 (+21.0%), from €14,283 to €17,280
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 | €204,338 | €207,377 | +€3,040 | +1.5% |
| Fixed assets | 21/28 | €8,958 | €3,521 | -€5,437 | -60.7% |
| Tangible fixed assets | 22/27 | €8,958 | €3,521 | -€5,437 | -60.7% |
| Plant, machinery and equipment | 23 | €1,266 | €590 | -€676 | -53.4% |
| Furniture and vehicles | 24 | €4,765 | €603 | -€4,161 | -87.3% |
| Other tangible fixed assets | 26 | €2,928 | €2,328 | -€600 | -20.5% |
| Current assets | 29/58 | €195,379 | €203,856 | +€8,477 | +4.3% |
| Amounts receivable within one year | 40/41 | €23,027 | €40,071 | +€17,044 | +74.0% |
| Trade receivables | 40 | €1,860 | €3,905 | +€2,044 | +110% |
| Other amounts receivable | 41 | €21,167 | €36,167 | +€15,000 | +70.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,793 | €62,789 | -€6,004 | -8.7% |
| Deferred charges and accrued income | 490/1 | €3,560 | €996 | -€2,564 | -72.0% |
| Total equity and liabilities | 10/49 | €204,338 | €207,377 | +€3,040 | +1.5% |
| Equity | 10/15 | €184,327 | €190,919 | +€6,591 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €162,000 | €162,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,327 | €8,919 | +€6,591 | +283% |
| Amounts payable | 17/49 | €20,010 | €16,459 | -€3,552 | -17.7% |
| Amounts payable within one year | 42/48 | €20,010 | €16,324 | -€3,686 | -18.4% |
| Trade debts | 44 | €10,258 | €6,603 | -€3,655 | -35.6% |
| Suppliers | 440/4 | €10,258 | €6,603 | -€3,655 | -35.6% |
| Taxes, remuneration and social security | 45 | €4,752 | €9,607 | +€4,855 | +102% |
| Taxes | 450/3 | €2,498 | €9,607 | +€7,109 | +285% |
| Remuneration and social security | 454/9 | €2,254 | - | -€2,254 | |
| Other amounts payable | 47/48 | €5,000 | €114 | -€4,886 | -97.7% |
| Accrued charges and deferred income | 492/3 | - | €134 | +€134 | |
| Turnover | 70 | €236,442 | €170,402 | -€66,040 | -27.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €186,466 | €165,144 | -€21,323 | -11.4% |
| Remuneration, social security and pensions | 62 | €14,283 | €17,280 | +€2,997 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,044 | €5,437 | +€393 | +7.8% |
| Other operating charges | 640/8 | €993 | €1,455 | +€461 | +46.4% |
| Gross operating margin | 9900 | €55,097 | €34,042 | -€21,055 | -38.2% |
| Operating profit (loss) | 9901 | €34,777 | €9,870 | -€24,907 | -71.6% |
| Financial income | 75/76B | €187 | €354 | +€167 | +89.7% |
| Recurring financial income | 75 | €187 | €354 | +€167 | +89.7% |
| Financial charges | 65/66B | €622 | €429 | -€193 | -31.0% |
| Recurring financial charges | 65 | €622 | €429 | -€193 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €34,342 | €9,795 | -€24,546 | -71.5% |
| Income taxes | 67/77 | €8,833 | €3,204 | -€5,629 | -63.7% |
| Profit (loss) for the period | 9904 | €25,508 | €6,591 | -€18,917 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,508 | €6,591 | -€18,917 | -74.2% |
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 24 October 2026 via checked.be.