Tim Cools: 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.
Tim Cools
Largest movements
- Receivables within one year +€53,825
up €53,825 (+478.5%), from €11,248 to €65,073
of which Other amounts receivable: +€49,739
- Receivables after one year -€50,000
down €50,000 (-79.2%), from €63,150 to €13,150
- Cash +€6,792
up €6,792 (+32.9%), from €20,661 to €27,454
mainly Receivables after one year (+€50,000) and Net result for the year (+€9,549)
- Tangible fixed assets -€1,118
down €1,118 (-27.9%), from €4,005 to €2,888
of which Furniture and vehicles: -€596
- Profit (loss) carried forward +€22,447
up €22,447, from -€22,447 to €0
- Reserves -€12,897
down €12,897 (-11.1%), from €115,810 to €102,913
- Tax, wage and social debts -€1,108
down €1,108 (-82.1%), from €1,350 to €242
- Gross operating margin +€27,897
up €27,897, from -€14,328 to €13,569
- Depreciation -€5,907
down €5,907 (-75.5%), from €7,828 to €1,921
- Financial charges +€2,161
up €2,161 (+374.7%), from €577 to €2,738
- Financial income +€210
up €210 (+14.7%), from €1,425 to €1,635
- Other operating charges -€203
down €203 (-21.2%), from €956 to €753
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 | €99,713 | €109,234 | +€9,520 | +9.5% |
| Fixed assets | 21/28 | €4,005 | €2,888 | -€1,118 | -27.9% |
| Tangible fixed assets | 22/27 | €4,005 | €2,888 | -€1,118 | -27.9% |
| Plant, machinery and equipment | 23 | €1,754 | €1,233 | -€521 | -29.7% |
| Furniture and vehicles | 24 | €2,252 | €1,655 | -€596 | -26.5% |
| Current assets | 29/58 | €95,708 | €106,346 | +€10,638 | +11.1% |
| Amounts receivable after more than one year | 29 | €63,150 | €13,150 | -€50,000 | -79.2% |
| Other amounts receivable | 291 | €63,150 | €13,150 | -€50,000 | -79.2% |
| Amounts receivable within one year | 40/41 | €11,248 | €65,073 | +€53,825 | +478.5% |
| Trade receivables | 40 | €799 | €4,885 | +€4,086 | +511.4% |
| Other amounts receivable | 41 | €10,449 | €60,189 | +€49,739 | +476.0% |
| Cash at bank and in hand | 54/58 | €20,661 | €27,454 | +€6,792 | +32.9% |
| Deferred charges and accrued income | 490/1 | €648 | €669 | +€21 | +3.2% |
| Total equity and liabilities | 10/49 | €99,713 | €109,234 | +€9,520 | +9.5% |
| Equity | 10/15 | €98,363 | €107,913 | +€9,549 | +9.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,810 | €102,913 | -€12,897 | -11.1% |
| Distributable reserves | 133 | €115,810 | €102,913 | -€12,897 | -11.1% |
| Profit (loss) carried forward | 14 | -€22,447 | €0 | +€22,447 | |
| Amounts payable | 17/49 | €1,350 | €1,321 | -€29 | -2.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,350 | €1,321 | -€29 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,079 | +€1,079 | |
| Suppliers | 440/4 | €0 | €1,079 | +€1,079 | |
| Taxes, remuneration and social security | 45 | €1,350 | €242 | -€1,108 | -82.1% |
| Taxes | 450/3 | €1,350 | €242 | -€1,108 | -82.1% |
| Non-recurring operating income | 76A | - | €9,402 | +€9,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,828 | €1,921 | -€5,907 | -75.5% |
| Other operating charges | 640/8 | €956 | €753 | -€203 | -21.2% |
| Gross operating margin | 9900 | -€14,328 | €13,569 | +€27,897 | |
| Operating profit (loss) | 9901 | -€23,112 | €10,895 | +€34,007 | |
| Financial income | 75/76B | €1,425 | €1,635 | +€210 | +14.7% |
| Recurring financial income | 75 | €1,425 | €1,635 | +€210 | +14.7% |
| Financial charges | 65/66B | €577 | €2,738 | +€2,161 | +374.7% |
| Recurring financial charges | 65 | €577 | €2,738 | +€2,161 | +374.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,264 | €9,792 | +€32,056 | |
| Income taxes | 67/77 | €183 | €242 | +€60 | +32.6% |
| Profit (loss) for the period | 9904 | -€22,447 | €9,549 | +€31,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,447 | €9,549 | +€31,996 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.