TIMESMORE: 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.
TIMESMORE
Largest movements
- Receivables within one year +€23,271
up €23,271 (+12.1%), from €192,549 to €215,820
of which Trade receivables: +€22,058
- Tangible fixed assets -€16,887
down €16,887 (-35.7%), from €47,289 to €30,401
of which Other tangible fixed assets: -€8,958
- Cash -€2,888
down €2,888 (-42.8%), from €6,741 to €3,853
mainly Receivables within one year (-€23,271) and Other debts (-€18,500)
- Other debts -€18,500
down €18,500 (-88.1%), from €21,000 to €2,500
- Debts after one year +€16,460
up €16,460 (+11.7%), from €140,331 to €156,791
of which Other amounts payable: +€16,460
- Accrued charges and deferred income +€15,989
up €15,989 (+100%), from €15,989 to €31,978
- Profit (loss) carried forward -€12,309
down €12,309 (-5.0%), from -€247,749 to -€260,058
- Tax, wage and social debts -€3,537
down €3,537 (-9.2%), from €38,436 to €34,899
of which Remuneration and social security: -€8,853
- Turnover +€422,667
new in 2025: €422,667
- Purchases and services +€225,780
new in 2025: €225,780
- Staff costs +€8,941
up €8,941 (+6.0%), from €149,178 to €158,119
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 | €252,686 | €255,476 | +€2,790 | +1.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47,339 | €30,451 | -€16,887 | -35.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €47,289 | €30,401 | -€16,887 | -35.7% |
| Plant, machinery and equipment | 23 | €238 | €0 | -€238 | -100% |
| Furniture and vehicles | 24 | €33,027 | €25,335 | -€7,692 | -23.3% |
| Other tangible fixed assets | 26 | €14,024 | €5,066 | -€8,958 | -63.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €205,347 | €225,024 | +€19,677 | +9.6% |
| Amounts receivable within one year | 40/41 | €192,549 | €215,820 | +€23,271 | +12.1% |
| Trade receivables | 40 | €183,979 | €206,037 | +€22,058 | +12.0% |
| Other amounts receivable | 41 | €8,571 | €9,783 | +€1,212 | +14.1% |
| Cash at bank and in hand | 54/58 | €6,741 | €3,853 | -€2,888 | -42.8% |
| Deferred charges and accrued income | 490/1 | €6,057 | €5,351 | -€705 | -11.6% |
| Total equity and liabilities | 10/49 | €252,686 | €255,476 | +€2,790 | +1.1% |
| Equity | 10/15 | -€15,749 | -€28,058 | -€12,309 | -78.2% |
| Contributions | 10/11 | €232,000 | €232,000 | = | 0.0% |
| Capital | 10 | €232,000 | €232,000 | = | 0.0% |
| Issued capital | 100 | €232,000 | €232,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,749 | -€260,058 | -€12,309 | -5.0% |
| Amounts payable | 17/49 | €268,435 | €283,533 | +€15,098 | +5.6% |
| Amounts payable after more than one year | 17 | €140,331 | €156,791 | +€16,460 | +11.7% |
| Financial debts | 170/4 | €88,500 | €88,500 | = | 0.0% |
| Other amounts payable | 178/9 | €51,831 | €68,291 | +€16,460 | +31.8% |
| Amounts payable within one year | 42/48 | €112,115 | €94,765 | -€17,351 | -15.5% |
| Financial debts | 43 | €4,190 | €7,372 | +€3,183 | +76.0% |
| Credit institutions | 430/8 | €4,190 | €7,372 | +€3,183 | +76.0% |
| Trade debts | 44 | €48,490 | €49,994 | +€1,504 | +3.1% |
| Suppliers | 440/4 | €48,490 | €49,994 | +€1,504 | +3.1% |
| Taxes, remuneration and social security | 45 | €38,436 | €34,899 | -€3,537 | -9.2% |
| Taxes | 450/3 | €11,519 | €16,836 | +€5,316 | +46.1% |
| Remuneration and social security | 454/9 | €26,916 | €18,063 | -€8,853 | -32.9% |
| Other amounts payable | 47/48 | €21,000 | €2,500 | -€18,500 | -88.1% |
| Accrued charges and deferred income | 492/3 | €15,989 | €31,978 | +€15,989 | +100% |
| Turnover | 70 | - | €422,667 | +€422,667 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €225,780 | +€225,780 | |
| Remuneration, social security and pensions | 62 | €149,178 | €158,119 | +€8,941 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,107 | €18,322 | -€785 | -4.1% |
| Other operating charges | 640/8 | €30,232 | €30,708 | +€477 | +1.6% |
| Gross operating margin | 9900 | €199,245 | €201,162 | +€1,916 | +1.0% |
| Operating profit (loss) | 9901 | €729 | -€5,988 | -€6,717 | |
| Financial income | 75/76B | €481 | €498 | +€17 | +3.5% |
| Recurring financial income | 75 | €481 | €498 | +€17 | +3.5% |
| Financial charges | 65/66B | €9,415 | €6,416 | -€2,999 | -31.9% |
| Recurring financial charges | 65 | €9,415 | €6,416 | -€2,999 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,205 | -€11,906 | -€3,701 | -45.1% |
| Income taxes | 67/77 | €422 | €403 | -€20 | -4.6% |
| Profit (loss) for the period | 9904 | -€8,627 | -€12,309 | -€3,682 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,627 | -€12,309 | -€3,682 | -42.7% |
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 17 October 2026 via checked.be.