To be on Time: 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.
To be on Time
Largest movements
- Tangible fixed assets +€37,828
new in 2025: €37,828
- Cash +€20,786
new in 2025: €20,786
mainly Other debts (+€113,677) and Net result for the year (+€18,358)
- Stocks and contracts +€18,917
up €18,917 (+15.3%), from €124,014 to €142,931
- Receivables within one year -€14,529
down €14,529 (-11.1%), from €131,235 to €116,706
of which Trade receivables: -€8,222
- Other debts +€113,677
up €113,677 (+878%), from €12,941 to €126,618
- Advances received -€27,190
down €27,190 (-100%), from €27,190 to €0
- Trade debts -€22,611
down €22,611 (-28.0%), from €80,807 to €58,197
- Profit (loss) carried forward +€18,358
up €18,358, from -€9,479 to €8,879
- Debts after one year -€13,768
down €13,768 (-34.0%), from €40,502 to €26,734
- Gross operating margin +€42,490
up €42,490, from -€4,150 to €38,339
- Depreciation +€6,172
new in 2025: €6,172
- Other operating charges -€2,943
down €2,943 (-49.0%), from €6,009 to €3,066
- Financial charges -€1,788
down €1,788 (-16.6%), from €10,774 to €8,985
of which Financial charges: -€1,788
- Taxes +€1,615
up €1,615 (+708%), from €228 to €1,843
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 | €258,292 | €320,722 | +€62,430 | +24.2% |
| Fixed assets | 21/28 | €360 | €38,188 | +€37,828 | +10,508% |
| Tangible fixed assets | 22/27 | - | €37,828 | +€37,828 | |
| Furniture and vehicles | 24 | - | €37,828 | +€37,828 | |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €257,932 | €282,534 | +€24,602 | +9.5% |
| Stocks and contracts in progress | 3 | €124,014 | €142,931 | +€18,917 | +15.3% |
| Stocks | 30/36 | €124,014 | €142,931 | +€18,917 | +15.3% |
| Amounts receivable within one year | 40/41 | €131,235 | €116,706 | -€14,529 | -11.1% |
| Trade receivables | 40 | €124,928 | €116,706 | -€8,222 | -6.6% |
| Other amounts receivable | 41 | €6,307 | €0 | -€6,307 | -100% |
| Cash at bank and in hand | 54/58 | - | €20,786 | +€20,786 | |
| Deferred charges and accrued income | 490/1 | €2,682 | €2,111 | -€571 | -21.3% |
| Total equity and liabilities | 10/49 | €258,292 | €320,722 | +€62,430 | +24.2% |
| Equity | 10/15 | €9,121 | €27,479 | +€18,358 | +201% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,479 | €8,879 | +€18,358 | |
| Amounts payable | 17/49 | €249,171 | €293,243 | +€44,072 | +17.7% |
| Amounts payable after more than one year | 17 | €40,502 | €26,734 | -€13,768 | -34.0% |
| Financial debts | 170/4 | €40,502 | €26,734 | -€13,768 | -34.0% |
| Amounts payable within one year | 42/48 | €208,669 | €266,509 | +€57,840 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €13,223 | €13,768 | +€546 | +4.1% |
| Financial debts | 43 | €68,227 | €62,862 | -€5,365 | -7.9% |
| Credit institutions | 430/8 | €68,227 | €62,862 | -€5,365 | -7.9% |
| Trade debts | 44 | €80,807 | €58,197 | -€22,611 | -28.0% |
| Suppliers | 440/4 | €80,807 | €58,197 | -€22,611 | -28.0% |
| Advances received on contracts in progress | 46 | €27,190 | €0 | -€27,190 | -100% |
| Taxes, remuneration and social security | 45 | €6,280 | €5,064 | -€1,217 | -19.4% |
| Taxes | 450/3 | €6,280 | €5,064 | -€1,217 | -19.4% |
| Other amounts payable | 47/48 | €12,941 | €126,618 | +€113,677 | +878% |
| Remuneration, social security and pensions | 62 | €21 | €0 | -€21 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,172 | +€6,172 | |
| Other operating charges | 640/8 | €6,009 | €3,066 | -€2,943 | -49.0% |
| Gross operating margin | 9900 | -€4,150 | €38,339 | +€42,490 | |
| Operating profit (loss) | 9901 | -€10,180 | €29,101 | +€39,281 | |
| Financial income | 75/76B | €412 | €86 | -€326 | -79.2% |
| Recurring financial income | 75 | €412 | €86 | -€326 | -79.2% |
| Financial charges | 65/66B | €10,774 | €8,985 | -€1,788 | -16.6% |
| Recurring financial charges | 65 | €10,774 | €8,985 | -€1,788 | -16.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€20,542 | €20,201 | +€40,743 | |
| Income taxes | 67/77 | €228 | €1,843 | +€1,615 | +708% |
| Profit (loss) for the period | 9904 | -€20,770 | €18,358 | +€39,128 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,770 | €18,358 | +€39,128 |
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 31 October 2026 via checked.be.