THIMEPAU: 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.
THIMEPAU
Largest movements
- Receivables within one year +€257,887
up €257,887 (+119%), from €216,388 to €474,275
of which Other amounts receivable: +€257,947
- Current investments -€232,267
down €232,267 (-29.1%), from €799,228 to €566,962
- Cash +€70,970
up €70,970 (+198%), from €35,879 to €106,850
mainly Current investments (+€232,267) and Net result for the year (+€91,745)
- Profit (loss) carried forward +€50,782
up €50,782, from -€50,782 to €0
- Reserves +€40,963
up €40,963 (+4.2%), from €974,658 to €1.0m
of which Distributable reserves: +€40,963
- Financial income +€97,573
up €97,573 (+423%), from €23,073 to €120,646
- Financial charges +€10,351
up €10,351 (+58.6%), from -€17,650 to -€7,299
- Gross operating margin +€4,679
up €4,679 (+13.1%), from -€35,698 to -€31,019
- Taxes +€4,096
new in 2024: €4,096
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,093,996 | €1,190,586 | +€96,590 | +8.8% |
| Current assets | 29/58 | €1,093,996 | €1,190,586 | +€96,590 | +8.8% |
| Stocks and contracts in progress | 3 | €42,500 | €42,500 | = | 0.0% |
| Stocks | 30/36 | €42,500 | €42,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €216,388 | €474,275 | +€257,887 | +119% |
| Trade receivables | 40 | €60 | €0 | -€60 | -100% |
| Other amounts receivable | 41 | €216,328 | €474,275 | +€257,947 | +119% |
| Current investments | 50/53 | €799,228 | €566,962 | -€232,267 | -29.1% |
| Cash at bank and in hand | 54/58 | €35,879 | €106,850 | +€70,970 | +198% |
| Total equity and liabilities | 10/49 | €1,093,996 | €1,190,586 | +€96,590 | +8.8% |
| Equity | 10/15 | €1,093,876 | €1,185,621 | +€91,745 | +8.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €974,658 | €1,015,621 | +€40,963 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €974,658 | €1,015,621 | +€40,963 | +4.2% |
| Profit (loss) carried forward | 14 | -€50,782 | €0 | +€50,782 | |
| Amounts payable | 17/49 | €120 | €4,966 | +€4,846 | +4,038% |
| Amounts payable within one year | 42/48 | €120 | €4,966 | +€4,846 | +4,038% |
| Trade debts | 44 | €120 | €2,773 | +€2,653 | +2,211% |
| Suppliers | 440/4 | €120 | €2,773 | +€2,653 | +2,211% |
| Taxes, remuneration and social security | 45 | - | €2,193 | +€2,193 | |
| Taxes | 450/3 | - | €2,193 | +€2,193 | |
| Other operating charges | 640/8 | €1,283 | €1,086 | -€197 | -15.4% |
| Gross operating margin | 9900 | -€35,698 | -€31,019 | +€4,679 | +13.1% |
| Operating profit (loss) | 9901 | -€36,981 | -€32,105 | +€4,876 | +13.2% |
| Financial income | 75/76B | €23,073 | €120,646 | +€97,573 | +423% |
| Recurring financial income | 75 | €23,073 | €120,646 | +€97,573 | +423% |
| Financial charges | 65/66B | -€17,650 | -€7,299 | +€10,351 | +58.6% |
| Recurring financial charges | 65 | -€17,650 | -€7,299 | +€10,351 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €3,742 | €95,841 | +€92,099 | +2,461% |
| Income taxes | 67/77 | - | €4,096 | +€4,096 | |
| Profit (loss) for the period | 9904 | €3,742 | €91,745 | +€88,002 | +2,351% |
| Profit (loss) for the period to be appropriated | 9905 | €3,742 | €91,745 | +€88,002 | +2,351% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.