MARIO TIMMERS MANAGEMENT: 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.
MARIO TIMMERS MANAGEMENT
Largest movements
- Current investments +€855,000
up €855,000 (+37050.0%), from €2,308 to €857,308
- Receivables within one year -€275,499
down €275,499 (-19.6%), from €1.4m to €1.1m
of which Other amounts receivable: -€287,845
- Cash +€191,268
up €191,268 (+167.0%), from €114,563 to €305,831
mainly Short-term financial debts (+€886,396) and Receivables within one year (+€275,499)
- Tangible fixed assets -€45,874
down €45,874 (-36.9%), from €124,167 to €78,293
of which Furniture and vehicles: -€38,082
- Financial fixed assets +€25,000
new in 2025: €25,000
- Short-term financial debts +€886,396
up €886,396 (+1060.2%), from €83,604 to €970,000
- Reserves -€170,361
down €170,361 (-10.8%), from €1.6m to €1.4m
of which Distributable reserves: -€170,361
- Tax, wage and social debts +€28,795
up €28,795 (+287.8%), from €10,004 to €38,799
- Gross operating margin -€299,016
down €299,016 (-82.4%), from €363,080 to €64,064
- Taxes -€84,185
down €84,185 (-86.4%), from €97,469 to €13,284
- Depreciation -€41,626
down €41,626 (-69.0%), from €60,354 to €18,728
- Financial charges +€17,832
up €17,832 (+118.5%), from €15,052 to €32,884
- Staff costs +€8,003
no longer reported in 2025 (was -€8,003)
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 | €1,717,986 | €2,445,935 | +€727,950 | +42.4% |
| Fixed assets | 21/28 | €124,167 | €103,293 | -€20,874 | -16.8% |
| Tangible fixed assets | 22/27 | €124,167 | €78,293 | -€45,874 | -36.9% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €62,057 | €23,976 | -€38,082 | -61.4% |
| Other tangible fixed assets | 26 | €62,110 | €54,318 | -€7,792 | -12.5% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €1,593,818 | €2,342,642 | +€748,824 | +47.0% |
| Amounts receivable after more than one year | 29 | €60,495 | €50,000 | -€10,495 | -17.3% |
| Other amounts receivable | 291 | €60,495 | €50,000 | -€10,495 | -17.3% |
| Amounts receivable within one year | 40/41 | €1,405,003 | €1,129,503 | -€275,499 | -19.6% |
| Trade receivables | 40 | €359,543 | €371,888 | +€12,345 | +3.4% |
| Other amounts receivable | 41 | €1,045,460 | €757,615 | -€287,845 | -27.5% |
| Current investments | 50/53 | €2,308 | €857,308 | +€855,000 | +37050.0% |
| Cash at bank and in hand | 54/58 | €114,563 | €305,831 | +€191,268 | +167.0% |
| Deferred charges and accrued income | 490/1 | €11,450 | - | -€11,450 | |
| Total equity and liabilities | 10/49 | €1,717,986 | €2,445,935 | +€727,950 | +42.4% |
| Equity | 10/15 | €1,597,560 | €1,427,199 | -€170,361 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,578,960 | €1,408,599 | -€170,361 | -10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,577,100 | €1,406,739 | -€170,361 | -10.8% |
| Amounts payable | 17/49 | €120,425 | €1,018,736 | +€898,311 | +746.0% |
| Amounts payable within one year | 42/48 | €120,425 | €1,018,736 | +€898,311 | +746.0% |
| Financial debts | 43 | €83,604 | €970,000 | +€886,396 | +1060.2% |
| Credit institutions | 430/8 | €83,604 | €970,000 | +€886,396 | +1060.2% |
| Trade debts | 44 | €26,817 | €9,938 | -€16,879 | -62.9% |
| Suppliers | 440/4 | €26,817 | €9,938 | -€16,879 | -62.9% |
| Taxes, remuneration and social security | 45 | €10,004 | €38,799 | +€28,795 | +287.8% |
| Taxes | 450/3 | €10,004 | €38,799 | +€28,795 | +287.8% |
| Remuneration, social security and pensions | 62 | -€8,003 | - | +€8,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,354 | €18,728 | -€41,626 | -69.0% |
| Other operating charges | 640/8 | €6,259 | €2,439 | -€3,820 | -61.0% |
| Gross operating margin | 9900 | €363,080 | €64,064 | -€299,016 | -82.4% |
| Operating profit (loss) | 9901 | €304,470 | €42,897 | -€261,573 | -85.9% |
| Financial income | 75/76B | €16,552 | €15,360 | -€1,191 | -7.2% |
| Recurring financial income | 75 | €16,552 | €15,360 | -€1,191 | -7.2% |
| Financial charges | 65/66B | €15,052 | €32,884 | +€17,832 | +118.5% |
| Recurring financial charges | 65 | €15,052 | €32,884 | +€17,832 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €305,970 | €25,373 | -€280,596 | -91.7% |
| Income taxes | 67/77 | €97,469 | €13,284 | -€84,185 | -86.4% |
| Profit (loss) for the period | 9904 | €208,500 | €12,089 | -€196,411 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €208,500 | €12,089 | -€196,411 | -94.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.