TIMAB BELGIQUE: 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.
What changed
TIMAB BELGIQUE
NACE 46.120, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,760
2024 · €64,217-€61,458
Equity
€201,383
2024 · €198,624+€2,760
Cash
€1,575
2024 · €2,675-€1,101
Balance sheet total
€253,197
2024 · €1.4m-€1.1m
Largest movements
Assets
- Current investments -€628,000
down €628,000 (-87.0%), from €722,000 to €94,000
- Receivables within one year -€511,867
down €511,867 (-76.5%), from €669,489 to €157,622
of which Trade receivables: -€516,490
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-95.6%), from €1.2m to €51,472
- Tax, wage and social debts -€31,863
no longer reported in 2025 (was €31,863)
Income statement
- Turnover -€2.7m
down €2.7m (-99.8%), from €2.7m to €5,452
- Goods and materials -€2.2m
down €2.2m (-99.8%), from €2.2m to €5,452
of which Purchases: -€2.3m
- Services and other goods -€327,844
down €327,844 (-84.8%), from €386,480 to €58,636
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.
Result 2024
€64,217
Turnover
-€2.7m
Other operating income
-€4,395
Goods and materials
+€2.2m
Services and other goods
+€327,844
Other operating charges
-€31
Other operating items
+€57,997
Financial income
-€20,818
Financial charges
+€41
Taxes
+€20,486
Result 2025
€2,760
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€629,101
Investment
+€628,000
Financing
€0
Cash 2024
€2,675
From operations (derived)
-€629,101
Net result for the year
+€2,760
Stocks and contracts
+€5,452
Receivables within one year
+€511,867
Trade debts
-€1.1m
Tax, wage and social debts
-€31,863
Accrued charges and deferred income
-€20
Investment (derived)
+€628,000
Current investments
+€628,000
Cash 2025
€1,575
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,399,616 | €253,197 | -€1.1m | -81.9% |
| Current assets | 29/58 | €1,399,616 | €253,197 | -€1.1m | -81.9% |
| Stocks and contracts in progress | 3 | €5,452 | - | -€5,452 | |
| Stocks | 30/36 | €5,452 | - | -€5,452 | |
| Goods purchased for resale | 34 | €5,452 | - | -€5,452 | |
| Amounts receivable within one year | 40/41 | €669,489 | €157,622 | -€511,867 | -76.5% |
| Trade receivables | 40 | €529,000 | €12,509 | -€516,490 | -97.6% |
| Other amounts receivable | 41 | €140,489 | €145,113 | +€4,623 | +3.3% |
| Current investments | 50/53 | €722,000 | €94,000 | -€628,000 | -87.0% |
| Other investments | 51/53 | €722,000 | €94,000 | -€628,000 | -87.0% |
| Cash at bank and in hand | 54/58 | €2,675 | €1,575 | -€1,101 | -41.1% |
| Total equity and liabilities | 10/49 | €1,399,616 | €253,197 | -€1.1m | -81.9% |
| Equity | 10/15 | €198,624 | €201,383 | +€2,760 | +1.4% |
| Contributions | 10/11 | €78,830 | €78,830 | = | 0.0% |
| Capital | 10 | €78,343 | €78,343 | = | 0.0% |
| Issued capital | 100 | €78,343 | €78,343 | = | 0.0% |
| Contributions outside capital | 11 | €488 | €488 | = | 0.0% |
| Share premium | 1100/10 | €488 | €488 | = | 0.0% |
| Reserves | 13 | €36,351 | €36,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,834 | €7,834 | = | 0.0% |
| Legal reserve | 130 | €7,834 | €7,834 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,504 | €28,504 | = | 0.0% |
| Distributable reserves | 133 | €13 | €13 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,442 | €86,202 | +€2,760 | +3.3% |
| Amounts payable | 17/49 | €1,200,993 | €51,813 | -€1.1m | -95.7% |
| Amounts payable within one year | 42/48 | €1,200,632 | €51,472 | -€1.1m | -95.7% |
| Trade debts | 44 | €1,168,770 | €51,472 | -€1.1m | -95.6% |
| Suppliers | 440/4 | €1,168,770 | €51,472 | -€1.1m | -95.6% |
| Taxes, remuneration and social security | 45 | €31,863 | - | -€31,863 | |
| Taxes | 450/3 | €31,863 | - | -€31,863 | |
| Accrued charges and deferred income | 492/3 | €361 | €341 | -€20 | -5.5% |
| Operating income | 70/76A | €2,697,008 | €66,562 | -€2.6m | -97.5% |
| Turnover | 70 | €2,689,501 | €5,452 | -€2.7m | -99.8% |
| Other operating income | 74 | €7,508 | €3,113 | -€4,395 | -58.5% |
| Non-recurring operating income | 76A | - | €57,997 | +€57,997 | |
| Operating charges | 60/66A | €2,634,366 | €65,087 | -€2.6m | -97.5% |
| Goods for resale, raw materials and consumables | 60 | €2,246,919 | €5,452 | -€2.2m | -99.8% |
| Purchases | 600/8 | €2,252,371 | - | -€2.3m | |
| Change in stocks: decrease (increase) | 609 | -€5,452 | €5,452 | +€10,904 | |
| Services and other goods | 61 | €386,480 | €58,636 | -€327,844 | -84.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €62,642 | €1,476 | -€61,167 | -97.6% |
| Financial income | 75/76B | €24,959 | €4,141 | -€20,818 | -83.4% |
| Recurring financial income | 75 | €24,959 | €4,141 | -€20,818 | -83.4% |
| Other financial income | 752/9 | €24,959 | €4,141 | -€20,818 | -83.4% |
| Financial charges | 65/66B | €1,978 | €1,937 | -€41 | -2.1% |
| Recurring financial charges | 65 | €1,978 | €1,937 | -€41 | -2.1% |
| Debt charges | 650 | €43 | - | -€43 | |
| Other financial charges | 652/9 | €1,934 | €1,937 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €85,623 | €3,680 | -€81,943 | -95.7% |
| Income taxes | 67/77 | €21,406 | €920 | -€20,486 | -95.7% |
| Taxes | 670/3 | €21,406 | €920 | -€20,486 | -95.7% |
| Profit (loss) for the period | 9904 | €64,217 | €2,760 | -€61,458 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,217 | €2,760 | -€61,458 | -95.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.