Tim Tuindesign: what changed
What changed
Tim Tuindesign
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€11,455
2023 · €13,619-€2,164
Equity
€88,868
2023 · €77,414+€11,455
Cash
€60,799
2023 · €50,793+€10,006
Balance sheet total
€168,229
2023 · €157,742+€10,488
Largest movements
Assets
- Tangible fixed assets +€14,122
up €14,122 (+39.1%), from €36,133 to €50,256
of which Furniture and vehicles: +€9,877
- Receivables within one year -€10,933
down €10,933 (-18.2%), from €60,006 to €49,073
of which Trade receivables: -€6,320
- Cash +€10,006
up €10,006 (+19.7%), from €50,793 to €60,799
mainly Depreciation (+€15,550) and Net result for the year (+€11,455)
Equity and liabilities
- Reserves +€11,455
up €11,455 (+16.1%), from €71,214 to €82,668
- Trade debts -€4,736
down €4,736 (-17.3%), from €27,347 to €22,611
- Other debts +€3,132
up €3,132 (+39.3%), from €7,971 to €11,103
- Current portion of long-term debt +€2,391
up €2,391 (+96.6%), from €2,477 to €4,868
- Debts after one year +€2,243
up €2,243 (+21.8%), from €10,280 to €12,524
Income statement
- Gross operating margin +€27,611
up €27,611 (+17.4%), from €158,524 to €186,135
- Staff costs +€21,123
up €21,123 (+16.2%), from €130,176 to €151,299
- Depreciation +€5,851
up €5,851 (+60.3%), from €9,698 to €15,550
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€13,619
Gross operating margin
+€27,611
Staff costs
-€21,123
Depreciation
-€5,851
Other operating charges
+€40
Financial income
-€1,057
Financial charges
-€758
Taxes
-€1,026
Result 2024
€11,455
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€35,044
Investment
-€29,672
Financing
+€4,634
Cash 2023
€50,793
From operations (derived)
+€35,044
Net result for the year
+€11,455
Depreciation
+€15,550
Stocks and contracts
+€1,450
Receivables within one year
+€10,933
Deferred charges and accrued income
+€1,259
Trade debts
-€4,736
Tax, wage and social debts
-€1,824
Other debts
+€3,132
Accrued charges and deferred income
-€2,173
Investment (derived)
-€29,672
Investment in fixed assets (net)
-€29,672
Financing
+€4,634
Debts after one year
+€2,243
Current portion of long-term debt
+€2,391
Cash 2024
€60,799
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,742 | €168,229 | +€10,488 | +6.6% |
| Fixed assets | 21/28 | €36,133 | €50,256 | +€14,122 | +39.1% |
| Tangible fixed assets | 22/27 | €36,133 | €50,256 | +€14,122 | +39.1% |
| Land and buildings | 22 | €2,608 | €1,886 | -€722 | -27.7% |
| Plant, machinery and equipment | 23 | €15,829 | €24,456 | +€8,627 | +54.5% |
| Furniture and vehicles | 24 | €615 | €10,492 | +€9,877 | +1,606% |
| Leasing and similar rights | 25 | €17,082 | €13,423 | -€3,659 | -21.4% |
| Current assets | 29/58 | €121,608 | €117,973 | -€3,635 | -3.0% |
| Stocks and contracts in progress | 3 | €4,000 | €2,550 | -€1,450 | -36.3% |
| Stocks | 30/36 | €4,000 | €2,550 | -€1,450 | -36.3% |
| Amounts receivable within one year | 40/41 | €60,006 | €49,073 | -€10,933 | -18.2% |
| Trade receivables | 40 | €51,995 | €45,675 | -€6,320 | -12.2% |
| Other amounts receivable | 41 | €8,011 | €3,398 | -€4,613 | -57.6% |
| Cash at bank and in hand | 54/58 | €50,793 | €60,799 | +€10,006 | +19.7% |
| Deferred charges and accrued income | 490/1 | €6,810 | €5,551 | -€1,259 | -18.5% |
| Total equity and liabilities | 10/49 | €157,742 | €168,229 | +€10,488 | +6.6% |
| Equity | 10/15 | €77,414 | €88,868 | +€11,455 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,214 | €82,668 | +€11,455 | +16.1% |
| Distributable reserves | 133 | €71,214 | €82,668 | +€11,455 | +16.1% |
| Amounts payable | 17/49 | €80,328 | €79,361 | -€967 | -1.2% |
| Amounts payable after more than one year | 17 | €10,280 | €12,524 | +€2,243 | +21.8% |
| Financial debts | 170/4 | €10,280 | €12,524 | +€2,243 | +21.8% |
| Amounts payable within one year | 42/48 | €67,874 | €66,837 | -€1,037 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €2,477 | €4,868 | +€2,391 | +96.6% |
| Trade debts | 44 | €27,347 | €22,611 | -€4,736 | -17.3% |
| Suppliers | 440/4 | €27,347 | €22,611 | -€4,736 | -17.3% |
| Taxes, remuneration and social security | 45 | €30,079 | €28,255 | -€1,824 | -6.1% |
| Taxes | 450/3 | €7,067 | €7,235 | +€168 | +2.4% |
| Remuneration and social security | 454/9 | €23,012 | €21,020 | -€1,992 | -8.7% |
| Other amounts payable | 47/48 | €7,971 | €11,103 | +€3,132 | +39.3% |
| Accrued charges and deferred income | 492/3 | €2,173 | - | -€2,173 | |
| Remuneration, social security and pensions | 62 | €130,176 | €151,299 | +€21,123 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,698 | €15,550 | +€5,851 | +60.3% |
| Other operating charges | 640/8 | €1,706 | €1,666 | -€40 | -2.4% |
| Gross operating margin | 9900 | €158,524 | €186,135 | +€27,611 | +17.4% |
| Operating profit (loss) | 9901 | €16,944 | €17,621 | +€677 | +4.0% |
| Financial income | 75/76B | €1,525 | €467 | -€1,057 | -69.3% |
| Recurring financial income | 75 | €1,525 | €467 | -€1,057 | -69.3% |
| Financial charges | 65/66B | €779 | €1,537 | +€758 | +97.3% |
| Recurring financial charges | 65 | €779 | €1,537 | +€758 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €17,689 | €16,551 | -€1,138 | -6.4% |
| Income taxes | 67/77 | €4,071 | €5,097 | +€1,026 | +25.2% |
| Profit (loss) for the period | 9904 | €13,619 | €11,455 | -€2,164 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,619 | €11,455 | -€2,164 | -15.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.