TimeTronics: what changed
Two fiscal 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.
TimeTronics
Largest movements
- Cash +€140,797
up €140,797 (+190.7%), from €73,821 to €214,619
mainly Stocks and contracts (+€122,726) and Net result for the year (+€113,785)
- Stocks and contracts -€122,726
down €122,726 (-18.6%), from €660,643 to €537,916
- Intangible fixed assets -€16,552
down €16,552 (-24.2%), from €68,387 to €51,834
- Other debts -€150,000
down €150,000 (-98.0%), from €153,000 to €3,000
- Profit (loss) carried forward +€113,785
up €113,785 (+56.2%), from -€202,525 to -€88,739
- Trade debts +€75,194
up €75,194 (+41.1%), from €183,151 to €258,345
- Tax, wage and social debts +€59,198
up €59,198 (+861.0%), from €6,875 to €66,073
of which Remuneration and social security: +€35,764
- Debts after one year -€42,205
down €42,205 (-15.0%), from €281,275 to €239,070
- Gross operating margin +€551,208
up €551,208 (+1018.8%), from €54,106 to €605,313
- Staff costs +€29,863
up €29,863 (+7.1%), from €420,628 to €450,491
- Financial charges +€8,911
up €8,911 (+105.3%), from €8,459 to €17,370
- Depreciation -€6,919
down €6,919 (-25.1%), from €27,553 to €20,634
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.
Cash bridge derived
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 | €809,678 | €809,871 | +€193 | 0.0% |
| Fixed assets | 21/28 | €75,052 | €54,418 | -€20,634 | -27.5% |
| Intangible fixed assets | 21 | €68,387 | €51,834 | -€16,552 | -24.2% |
| Tangible fixed assets | 22/27 | €6,666 | €2,584 | -€4,082 | -61.2% |
| Plant, machinery and equipment | 23 | €6,666 | €2,584 | -€4,082 | -61.2% |
| Current assets | 29/58 | €734,626 | €755,453 | +€20,827 | +2.8% |
| Stocks and contracts in progress | 3 | €660,643 | €537,916 | -€122,726 | -18.6% |
| Stocks | 30/36 | €660,643 | €537,916 | -€122,726 | -18.6% |
| Amounts receivable within one year | 40/41 | €162 | €162 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €162 | €162 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,821 | €214,619 | +€140,797 | +190.7% |
| Deferred charges and accrued income | 490/1 | - | €2,757 | +€2,757 | |
| Total equity and liabilities | 10/49 | €809,678 | €809,871 | +€193 | 0.0% |
| Equity | 10/15 | -€154,525 | -€40,739 | +€113,785 | +73.6% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€202,525 | -€88,739 | +€113,785 | +56.2% |
| Amounts payable | 17/49 | €964,203 | €850,610 | -€113,592 | -11.8% |
| Amounts payable after more than one year | 17 | €281,275 | €239,070 | -€42,205 | -15.0% |
| Financial debts | 170/4 | €281,275 | €239,070 | -€42,205 | -15.0% |
| Amounts payable within one year | 42/48 | €662,928 | €611,540 | -€51,387 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €114,751 | €78,972 | -€35,779 | -31.2% |
| Financial debts | 43 | €205,151 | €205,151 | = | 0.0% |
| Credit institutions | 430/8 | €205,151 | €205,151 | = | 0.0% |
| Trade debts | 44 | €183,151 | €258,345 | +€75,194 | +41.1% |
| Suppliers | 440/4 | €183,151 | €258,345 | +€75,194 | +41.1% |
| Taxes, remuneration and social security | 45 | €6,875 | €66,073 | +€59,198 | +861.0% |
| Taxes | 450/3 | €5,048 | €28,482 | +€23,434 | +464.2% |
| Remuneration and social security | 454/9 | €1,827 | €37,591 | +€35,764 | +1957.5% |
| Other amounts payable | 47/48 | €153,000 | €3,000 | -€150,000 | -98.0% |
| Accrued charges and deferred income | 492/3 | €20,000 | €0 | -€20,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €420,628 | €450,491 | +€29,863 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,553 | €20,634 | -€6,919 | -25.1% |
| Other operating charges | 640/8 | €8,075 | €2,561 | -€5,514 | -68.3% |
| Gross operating margin | 9900 | €54,106 | €605,313 | +€551,208 | +1018.8% |
| Operating profit (loss) | 9901 | -€402,151 | €131,627 | +€533,778 | |
| Financial income | 75/76B | €1,461 | €93 | -€1,369 | -93.7% |
| Recurring financial income | 75 | €1,461 | €93 | -€1,369 | -93.7% |
| Financial charges | 65/66B | €8,459 | €17,370 | +€8,911 | +105.3% |
| Recurring financial charges | 65 | €8,459 | €17,370 | +€8,911 | +105.3% |
| Profit (loss) for the period before taxes | 9903 | -€409,149 | €114,350 | +€523,499 | |
| Income taxes | 67/77 | €529 | €564 | +€35 | +6.6% |
| Profit (loss) for the period | 9904 | -€409,678 | €113,785 | +€523,464 | |
| Profit (loss) for the period to be appropriated | 9905 | -€409,678 | €113,785 | +€523,464 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.