TIMAAR DESIGN: 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.
TIMAAR DESIGN
Largest movements
- Tangible fixed assets +€25,899
up €25,899 (+60.6%), from €42,730 to €68,629
of which Furniture and vehicles: +€26,128
- Receivables within one year +€25,473
up €25,473 (+35.5%), from €71,802 to €97,275
of which Trade receivables: +€16,498
- Other debts +€30,000
new in 2025: €30,000
- Profit (loss) carried forward -€13,392
down €13,392 (-24.2%), from €55,430 to €42,038
- Tax, wage and social debts +€11,205
up €11,205 (+431%), from €2,600 to €13,805
of which Taxes: +€5,845
- Trade debts +€9,459
up €9,459 (+19.8%), from €47,838 to €57,297
of which Bills of exchange payable: +€22,925
- Debts after one year +€7,128
up €7,128 (+72.3%), from €9,857 to €16,984
- Turnover +€189,255
up €189,255 (+28.1%), from €672,688 to €861,943
- Purchases and services +€171,222
up €171,222 (+26.9%), from €636,120 to €807,341
- Gross operating margin +€18,124
up €18,124 (+49.7%), from €36,479 to €54,602
- Depreciation +€10,310
up €10,310 (+109%), from €9,431 to €19,740
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 | €121,184 | €171,677 | +€50,493 | +41.7% |
| Fixed assets | 21/28 | €42,730 | €68,629 | +€25,899 | +60.6% |
| Tangible fixed assets | 22/27 | €42,730 | €68,629 | +€25,899 | +60.6% |
| Plant, machinery and equipment | 23 | €820 | €591 | -€229 | -27.9% |
| Furniture and vehicles | 24 | €41,910 | €68,037 | +€26,128 | +62.3% |
| Current assets | 29/58 | €78,454 | €103,048 | +€24,594 | +31.3% |
| Amounts receivable within one year | 40/41 | €71,802 | €97,275 | +€25,473 | +35.5% |
| Trade receivables | 40 | €10,363 | €26,860 | +€16,498 | +159% |
| Other amounts receivable | 41 | €61,439 | €70,415 | +€8,976 | +14.6% |
| Cash at bank and in hand | 54/58 | €6,653 | €5,773 | -€879 | -13.2% |
| Total equity and liabilities | 10/49 | €121,184 | €171,677 | +€50,493 | +41.7% |
| Equity | 10/15 | €56,430 | €43,038 | -€13,392 | -23.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,430 | €42,038 | -€13,392 | -24.2% |
| Amounts payable | 17/49 | €64,754 | €128,639 | +€63,884 | +98.7% |
| Amounts payable after more than one year | 17 | €9,857 | €16,984 | +€7,128 | +72.3% |
| Financial debts | 170/4 | €9,857 | €16,984 | +€7,128 | +72.3% |
| Amounts payable within one year | 42/48 | €54,898 | €111,654 | +€56,757 | +103% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €10,553 | +€6,093 | +137% |
| Trade debts | 44 | €47,838 | €57,297 | +€9,459 | +19.8% |
| Suppliers | 440/4 | €47,838 | €34,372 | -€13,466 | -28.2% |
| Bills of exchange payable | 441 | - | €22,925 | +€22,925 | |
| Taxes, remuneration and social security | 45 | €2,600 | €13,805 | +€11,205 | +431% |
| Taxes | 450/3 | €2,283 | €8,128 | +€5,845 | +256% |
| Remuneration and social security | 454/9 | €317 | €5,677 | +€5,360 | +1,693% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Turnover | 70 | €672,688 | €861,943 | +€189,255 | +28.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €636,120 | €807,341 | +€171,222 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,431 | €19,740 | +€10,310 | +109% |
| Other operating charges | 640/8 | €4,610 | €3,571 | -€1,039 | -22.5% |
| Gross operating margin | 9900 | €36,479 | €54,602 | +€18,124 | +49.7% |
| Operating profit (loss) | 9901 | €22,438 | €31,291 | +€8,853 | +39.5% |
| Financial charges | 65/66B | €2,671 | €2,738 | +€67 | +2.5% |
| Recurring financial charges | 65 | €2,671 | €2,738 | +€67 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €19,767 | €28,553 | +€8,786 | +44.4% |
| Income taxes | 67/77 | €4,616 | €6,651 | +€2,035 | +44.1% |
| Profit (loss) for the period | 9904 | €15,151 | €21,902 | +€6,751 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,151 | €21,902 | +€6,751 | +44.6% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.