TIMETOSHAPE: 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.
TIMETOSHAPE
Largest movements
- Cash +€56,965
up €56,965 (+332%), from €17,148 to €74,112
mainly Net result for the year (+€71,115) and Tax, wage and social debts (+€20,478)
- Receivables within one year +€19,006
up €19,006 (+30.5%), from €62,405 to €81,411
of which Other amounts receivable: +€12,109
- Deferred charges and accrued income +€3,295
up €3,295 (+328%), from €1,004 to €4,299
- Profit (loss) carried forward +€71,115
up €71,115 (+198%), from €35,978 to €107,093
- Tax, wage and social debts +€20,478
up €20,478 (+64.1%), from €31,929 to €52,406
- Trade debts -€15,809
down €15,809 (-72.3%), from €21,862 to €6,052
- Current portion of long-term debt +€2,353
up €2,353 (+29.8%), from €7,897 to €10,250
- Gross operating margin +€34,173
up €34,173 (+44.5%), from €76,850 to €111,023
- Financial charges -€13,196
down €13,196 (-80.2%), from €16,461 to €3,266
of which Non-recurring financial charges: -€12,500
- Taxes +€8,768
up €8,768 (+79.1%), from €11,089 to €19,857
- Depreciation +€5,087
up €5,087 (+39.8%), from €12,792 to €17,879
- Financial income +€1,411
up €1,411 (+102%), from €1,380 to €2,791
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 | €134,500 | €214,628 | +€80,128 | +59.6% |
| Fixed assets | 21/28 | €53,943 | €54,805 | +€862 | +1.6% |
| Tangible fixed assets | 22/27 | €53,943 | €54,805 | +€862 | +1.6% |
| Plant, machinery and equipment | 23 | - | €2,057 | +€2,057 | |
| Furniture and vehicles | 24 | €53,943 | €49,390 | -€4,553 | -8.4% |
| Other tangible fixed assets | 26 | - | €3,358 | +€3,358 | |
| Current assets | 29/58 | €80,557 | €159,823 | +€79,266 | +98.4% |
| Amounts receivable within one year | 40/41 | €62,405 | €81,411 | +€19,006 | +30.5% |
| Trade receivables | 40 | €16,966 | €23,863 | +€6,897 | +40.7% |
| Other amounts receivable | 41 | €45,439 | €57,548 | +€12,109 | +26.6% |
| Cash at bank and in hand | 54/58 | €17,148 | €74,112 | +€56,965 | +332% |
| Deferred charges and accrued income | 490/1 | €1,004 | €4,299 | +€3,295 | +328% |
| Total equity and liabilities | 10/49 | €134,500 | €214,628 | +€80,128 | +59.6% |
| Equity | 10/15 | €37,278 | €108,393 | +€71,115 | +191% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,978 | €107,093 | +€71,115 | +198% |
| Amounts payable | 17/49 | €97,221 | €106,235 | +€9,013 | +9.3% |
| Amounts payable after more than one year | 17 | €35,534 | €37,526 | +€1,992 | +5.6% |
| Financial debts | 170/4 | €35,534 | €37,526 | +€1,992 | +5.6% |
| Amounts payable within one year | 42/48 | €61,687 | €68,709 | +€7,021 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €7,897 | €10,250 | +€2,353 | +29.8% |
| Trade debts | 44 | €21,862 | €6,052 | -€15,809 | -72.3% |
| Suppliers | 440/4 | €21,862 | €6,052 | -€15,809 | -72.3% |
| Taxes, remuneration and social security | 45 | €31,929 | €52,406 | +€20,478 | +64.1% |
| Taxes | 450/3 | €31,929 | €52,406 | +€20,478 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,792 | €17,879 | +€5,087 | +39.8% |
| Other operating charges | 640/8 | €1,910 | €1,697 | -€213 | -11.1% |
| Gross operating margin | 9900 | €76,850 | €111,023 | +€34,173 | +44.5% |
| Operating profit (loss) | 9901 | €62,148 | €91,447 | +€29,299 | +47.1% |
| Financial income | 75/76B | €1,380 | €2,791 | +€1,411 | +102% |
| Recurring financial income | 75 | €1,380 | €2,791 | +€1,411 | +102% |
| Financial charges | 65/66B | €16,461 | €3,266 | -€13,196 | -80.2% |
| Recurring financial charges | 65 | €3,961 | €3,266 | -€696 | -17.6% |
| Non-recurring financial charges | 66B | €12,500 | - | -€12,500 | |
| Profit (loss) for the period before taxes | 9903 | €47,067 | €90,973 | +€43,905 | +93.3% |
| Income taxes | 67/77 | €11,089 | €19,857 | +€8,768 | +79.1% |
| Profit (loss) for the period | 9904 | €35,978 | €71,115 | +€35,137 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,978 | €71,115 | +€35,137 | +97.7% |
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 13 October 2026 via checked.be.