TIM DECOCK: 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.
TIM DECOCK
Largest movements
- Cash +€311,089
up €311,089 (+294%), from €105,875 to €416,964
mainly Current investments (+€168,768) and Net result for the year (+€141,649)
- Current investments -€168,768
down €168,768 (-32.2%), from €523,362 to €354,594
- Tangible fixed assets +€20,246
up €20,246 (+81.8%), from €24,741 to €44,987
of which Plant, machinery and equipment: +€16,290
- Deferred charges and accrued income +€11,714
up €11,714 (+49.6%), from €23,616 to €35,330
- Receivables within one year -€9,333
down €9,333 (-13.6%), from €68,689 to €59,356
of which Other amounts receivable: -€8,611
- Reserves +€141,000
up €141,000 (+20.3%), from €693,860 to €834,860
- Tax, wage and social debts +€25,037
up €25,037 (+516%), from €4,849 to €29,886
of which Taxes: +€25,836
- Taxes +€15,186
up €15,186 (+29.8%), from €50,919 to €66,105
- Gross operating margin +€14,132
up €14,132 (+7.7%), from €183,230 to €197,362
- Financial income +€7,315
up €7,315 (+66.6%), from €10,988 to €18,303
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 | €746,283 | €911,231 | +€164,949 | +22.1% |
| Fixed assets | 21/28 | €24,741 | €44,987 | +€20,246 | +81.8% |
| Tangible fixed assets | 22/27 | €24,741 | €44,987 | +€20,246 | +81.8% |
| Plant, machinery and equipment | 23 | €23,045 | €39,335 | +€16,290 | +70.7% |
| Furniture and vehicles | 24 | €1,696 | €5,652 | +€3,956 | +233% |
| Current assets | 29/58 | €721,542 | €866,244 | +€144,703 | +20.1% |
| Amounts receivable within one year | 40/41 | €68,689 | €59,356 | -€9,333 | -13.6% |
| Trade receivables | 40 | €1,269 | €547 | -€722 | -56.9% |
| Other amounts receivable | 41 | €67,420 | €58,809 | -€8,611 | -12.8% |
| Current investments | 50/53 | €523,362 | €354,594 | -€168,768 | -32.2% |
| Cash at bank and in hand | 54/58 | €105,875 | €416,964 | +€311,089 | +294% |
| Deferred charges and accrued income | 490/1 | €23,616 | €35,330 | +€11,714 | +49.6% |
| Total equity and liabilities | 10/49 | €746,283 | €911,231 | +€164,949 | +22.1% |
| Equity | 10/15 | €714,605 | €856,254 | +€141,649 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €693,860 | €834,860 | +€141,000 | +20.3% |
| Distributable reserves | 133 | €693,860 | €834,860 | +€141,000 | +20.3% |
| Profit (loss) carried forward | 14 | €2,145 | €2,794 | +€649 | +30.3% |
| Amounts payable | 17/49 | €31,678 | €54,977 | +€23,299 | +73.6% |
| Amounts payable within one year | 42/48 | €12,139 | €34,493 | +€22,354 | +184% |
| Trade debts | 44 | €2,050 | €2,657 | +€606 | +29.6% |
| Suppliers | 440/4 | €2,050 | €2,657 | +€606 | +29.6% |
| Taxes, remuneration and social security | 45 | €4,849 | €29,886 | +€25,037 | +516% |
| Taxes | 450/3 | - | €25,836 | +€25,836 | |
| Remuneration and social security | 454/9 | €4,849 | €4,050 | -€799 | -16.5% |
| Other amounts payable | 47/48 | €5,240 | €1,951 | -€3,289 | -62.8% |
| Accrued charges and deferred income | 492/3 | €19,539 | €20,484 | +€945 | +4.8% |
| Non-recurring operating income | 76A | €42,000 | - | -€42,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,098 | €7,022 | +€924 | +15.1% |
| Other operating charges | 640/8 | €518 | €525 | +€7 | +1.3% |
| Non-recurring operating charges | 66A | €4,335 | - | -€4,335 | |
| Gross operating margin | 9900 | €183,230 | €197,362 | +€14,132 | +7.7% |
| Operating profit (loss) | 9901 | €172,279 | €189,815 | +€17,536 | +10.2% |
| Financial income | 75/76B | €10,988 | €18,303 | +€7,315 | +66.6% |
| Recurring financial income | 75 | €10,988 | €18,303 | +€7,315 | +66.6% |
| Financial charges | 65/66B | €194 | €364 | +€171 | +88.1% |
| Recurring financial charges | 65 | €194 | €364 | +€171 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €183,073 | €207,754 | +€24,680 | +13.5% |
| Income taxes | 67/77 | €50,919 | €66,105 | +€15,186 | +29.8% |
| Profit (loss) for the period | 9904 | €132,155 | €141,649 | +€9,494 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,155 | €141,649 | +€9,494 | +7.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.