Tim Teck: 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 Teck
Largest movements
- Cash -€51,909
down €51,909 (-100.0%), from €51,909 to €0
mainly Receivables within one year (-€14,796) and Net result for the year (-€12,527)
- Receivables within one year +€14,796
up €14,796 (+50.7%), from €29,211 to €44,008
of which Other amounts receivable: +€26,689
- Deferred charges and accrued income +€5,217
up €5,217 (+49.4%), from €10,567 to €15,784
- Tax, wage and social debts -€10,414
down €10,414 (-99.5%), from €10,468 to €55
of which Taxes: -€10,414
- Trade debts -€10,383
down €10,383 (-68.9%), from €15,075 to €4,692
- Profit (loss) carried forward -€10,027
new in 2025: -€10,027
- Short-term financial debts +€5,938
up €5,938 (+457.2%), from €1,299 to €7,237
- Debts after one year -€4,128
down €4,128 (-100.0%), from €4,128 to €0
- Gross operating margin -€44,521
down €44,521, from €33,143 to -€11,378
- Taxes -€11,013
down €11,013 (-97.4%), from €11,308 to €295
- Financial income -€2,522
down €2,522 (-39.4%), from €6,394 to €3,872
- Financial charges +€613
up €613 (+234.0%), from €262 to €875
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 | €183,459 | €149,901 | -€33,558 | -18.3% |
| Fixed assets | 21/28 | €11,772 | €10,109 | -€1,662 | -14.1% |
| Tangible fixed assets | 22/27 | €11,382 | €10,109 | -€1,272 | -11.2% |
| Plant, machinery and equipment | 23 | €11,142 | €10,087 | -€1,055 | -9.5% |
| Furniture and vehicles | 24 | €239 | €22 | -€218 | -90.9% |
| Financial fixed assets | 28 | €390 | €0 | -€390 | -100.0% |
| Current assets | 29/58 | €171,688 | €139,792 | -€31,896 | -18.6% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,211 | €44,008 | +€14,796 | +50.7% |
| Trade receivables | 40 | €11,893 | €0 | -€11,893 | -100.0% |
| Other amounts receivable | 41 | €17,318 | €44,008 | +€26,689 | +154.1% |
| Cash at bank and in hand | 54/58 | €51,909 | €0 | -€51,909 | -100.0% |
| Deferred charges and accrued income | 490/1 | €10,567 | €15,784 | +€5,217 | +49.4% |
| Total equity and liabilities | 10/49 | €183,459 | €149,901 | -€33,558 | -18.3% |
| Equity | 10/15 | €150,257 | €137,730 | -€12,527 | -8.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €125,257 | €122,757 | -€2,500 | -2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €125,257 | €122,757 | -€2,500 | -2.0% |
| Profit (loss) carried forward | 14 | - | -€10,027 | -€10,027 | |
| Amounts payable | 17/49 | €33,202 | €12,171 | -€21,031 | -63.3% |
| Amounts payable after more than one year | 17 | €4,128 | €0 | -€4,128 | -100.0% |
| Financial debts | 170/4 | €4,128 | €0 | -€4,128 | -100.0% |
| Amounts payable within one year | 42/48 | €28,881 | €11,984 | -€16,898 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €2,039 | €0 | -€2,039 | -100.0% |
| Financial debts | 43 | €1,299 | €7,237 | +€5,938 | +457.2% |
| Credit institutions | 430/8 | €1,299 | €7,237 | +€5,938 | +457.2% |
| Trade debts | 44 | €15,075 | €4,692 | -€10,383 | -68.9% |
| Suppliers | 440/4 | €15,075 | €4,692 | -€10,383 | -68.9% |
| Taxes, remuneration and social security | 45 | €10,468 | €55 | -€10,414 | -99.5% |
| Taxes | 450/3 | €10,468 | €55 | -€10,414 | -99.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €193 | €187 | -€6 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €2,465 | +€54 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,558 | €1,387 | -€171 | -11.0% |
| Gross operating margin | 9900 | €33,143 | -€11,378 | -€44,521 | |
| Operating profit (loss) | 9901 | €29,175 | -€15,229 | -€44,404 | |
| Financial income | 75/76B | €6,394 | €3,872 | -€2,522 | -39.4% |
| Recurring financial income | 75 | €6,394 | €3,872 | -€2,522 | -39.4% |
| Financial charges | 65/66B | €262 | €875 | +€613 | +234.0% |
| Recurring financial charges | 65 | €262 | €875 | +€613 | +234.0% |
| Profit (loss) for the period before taxes | 9903 | €35,307 | -€12,232 | -€47,539 | |
| Income taxes | 67/77 | €11,308 | €295 | -€11,013 | -97.4% |
| Profit (loss) for the period | 9904 | €23,999 | -€12,527 | -€36,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,999 | -€12,527 | -€36,526 |
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 1 October 2026 via checked.be.