Ag. Timco: 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.
Ag. Timco
Largest movements
- Cash +€36,514
up €36,514 (+108.1%), from €33,789 to €70,302
mainly Stocks and contracts (+€35,073) and Depreciation (+€15,515)
- Stocks and contracts -€35,073
down €35,073 (-14.2%), from €247,403 to €212,330
- Current investments +€20,000
new in 2025: €20,000
- Tangible fixed assets -€14,918
down €14,918 (-13.9%), from €107,380 to €92,462
of which Land and buildings: -€13,713
- Debts after one year -€18,246
down €18,246 (-35.8%), from €50,966 to €32,720
- Reserves +€15,194
up €15,194 (+5.0%), from €303,986 to €319,180
of which Distributable reserves: +€15,194
- Gross operating margin -€14,638
down €14,638 (-27.5%), from €53,133 to €38,495
- Taxes -€4,417
down €4,417 (-31.9%), from €13,843 to €9,425
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 | €473,309 | €473,229 | -€80 | 0.0% |
| Fixed assets | 21/28 | €107,380 | €92,462 | -€14,918 | -13.9% |
| Tangible fixed assets | 22/27 | €107,380 | €92,462 | -€14,918 | -13.9% |
| Land and buildings | 22 | €102,122 | €88,409 | -€13,713 | -13.4% |
| Furniture and vehicles | 24 | €5,258 | €4,053 | -€1,205 | -22.9% |
| Current assets | 29/58 | €365,929 | €380,767 | +€14,838 | +4.1% |
| Stocks and contracts in progress | 3 | €247,403 | €212,330 | -€35,073 | -14.2% |
| Stocks | 30/36 | €247,403 | €212,330 | -€35,073 | -14.2% |
| Amounts receivable within one year | 40/41 | €76,240 | €73,172 | -€3,068 | -4.0% |
| Trade receivables | 40 | €73,166 | €68,596 | -€4,570 | -6.2% |
| Other amounts receivable | 41 | €3,074 | €4,576 | +€1,502 | +48.9% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €33,789 | €70,302 | +€36,514 | +108.1% |
| Deferred charges and accrued income | 490/1 | €8,498 | €4,963 | -€3,535 | -41.6% |
| Total equity and liabilities | 10/49 | €473,309 | €473,229 | -€80 | 0.0% |
| Equity | 10/15 | €353,986 | €369,180 | +€15,194 | +4.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €303,986 | €319,180 | +€15,194 | +5.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €298,986 | €314,180 | +€15,194 | +5.1% |
| Amounts payable | 17/49 | €119,322 | €104,049 | -€15,274 | -12.8% |
| Amounts payable after more than one year | 17 | €50,966 | €32,720 | -€18,246 | -35.8% |
| Financial debts | 170/4 | €50,966 | €32,720 | -€18,246 | -35.8% |
| Amounts payable within one year | 42/48 | €68,356 | €71,329 | +€2,972 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €17,925 | €18,246 | +€321 | +1.8% |
| Trade debts | 44 | €24,104 | €28,500 | +€4,396 | +18.2% |
| Suppliers | 440/4 | €24,104 | €28,500 | +€4,396 | +18.2% |
| Taxes, remuneration and social security | 45 | €24,784 | €24,583 | -€201 | -0.8% |
| Taxes | 450/3 | €24,784 | €24,583 | -€201 | -0.8% |
| Other amounts payable | 47/48 | €1,544 | - | -€1,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,382 | €15,515 | +€133 | +0.9% |
| Other operating charges | 640/8 | €1,759 | €1,742 | -€16 | -0.9% |
| Gross operating margin | 9900 | €53,133 | €38,495 | -€14,638 | -27.5% |
| Operating profit (loss) | 9901 | €35,993 | €21,238 | -€14,755 | -41.0% |
| Financial income | 75/76B | €8,687 | €8,745 | +€58 | +0.7% |
| Recurring financial income | 75 | €8,687 | €8,745 | +€58 | +0.7% |
| Financial charges | 65/66B | €4,909 | €5,364 | +€455 | +9.3% |
| Recurring financial charges | 65 | €4,909 | €5,364 | +€455 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €39,771 | €24,619 | -€15,151 | -38.1% |
| Income taxes | 67/77 | €13,843 | €9,425 | -€4,417 | -31.9% |
| Profit (loss) for the period | 9904 | €25,928 | €15,194 | -€10,734 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,928 | €15,194 | -€10,734 | -41.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.