Timaecon: 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.
Timaecon
Largest movements
- Cash +€35,239
up €35,239 (+49.0%), from €71,932 to €107,172
mainly Net result for the year (+€47,211) and Depreciation (+€3,809)
- Receivables within one year +€6,277
up €6,277 (+62.2%), from €10,094 to €16,371
of which Trade receivables: +€7,535
- Deferred charges and accrued income -€3,333
down €3,333 (-76.3%), from €4,371 to €1,037
- Intangible fixed assets -€1,500
down €1,500 (-14.1%), from €10,625 to €9,125
- Reserves +€47,211
up €47,211 (+67.6%), from €69,816 to €117,026
- Trade debts -€6,899
down €6,899 (-79.8%), from €8,641 to €1,742
- Tax, wage and social debts -€3,904
down €3,904 (-22.9%), from €17,010 to €13,106
of which Remuneration and social security: -€2,856
- Gross operating margin +€13,659
up €13,659 (+25.4%), from €53,791 to €67,449
- Financial charges +€1,757
up €1,757 (+159.5%), from €1,101 to €2,858
- Other operating charges -€1,058
down €1,058 (-55.8%), from €1,894 to €837
- Taxes -€1,047
down €1,047 (-7.6%), from €13,844 to €12,796
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 | €101,189 | €137,325 | +€36,135 | +35.7% |
| Fixed assets | 21/28 | €14,792 | €12,744 | -€2,048 | -13.8% |
| Intangible fixed assets | 21 | €10,625 | €9,125 | -€1,500 | -14.1% |
| Tangible fixed assets | 22/27 | €4,167 | €3,619 | -€548 | -13.1% |
| Plant, machinery and equipment | 23 | €4,167 | €3,619 | -€548 | -13.1% |
| Current assets | 29/58 | €86,397 | €124,581 | +€38,183 | +44.2% |
| Amounts receivable within one year | 40/41 | €10,094 | €16,371 | +€6,277 | +62.2% |
| Trade receivables | 40 | €8,257 | €15,792 | +€7,535 | +91.3% |
| Other amounts receivable | 41 | €1,837 | €579 | -€1,258 | -68.5% |
| Cash at bank and in hand | 54/58 | €71,932 | €107,172 | +€35,239 | +49.0% |
| Deferred charges and accrued income | 490/1 | €4,371 | €1,037 | -€3,333 | -76.3% |
| Total equity and liabilities | 10/49 | €101,189 | €137,325 | +€36,135 | +35.7% |
| Equity | 10/15 | €74,816 | €122,026 | +€47,211 | +63.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,816 | €117,026 | +€47,211 | +67.6% |
| Distributable reserves | 133 | €69,816 | €117,026 | +€47,211 | +67.6% |
| Amounts payable | 17/49 | €26,374 | €15,298 | -€11,075 | -42.0% |
| Amounts payable within one year | 42/48 | €25,651 | €15,298 | -€10,353 | -40.4% |
| Trade debts | 44 | €8,641 | €1,742 | -€6,899 | -79.8% |
| Suppliers | 440/4 | €8,641 | €1,742 | -€6,899 | -79.8% |
| Taxes, remuneration and social security | 45 | €17,010 | €13,106 | -€3,904 | -22.9% |
| Taxes | 450/3 | €14,154 | €13,106 | -€1,047 | -7.4% |
| Remuneration and social security | 454/9 | €2,856 | - | -€2,856 | |
| Other amounts payable | 47/48 | - | €450 | +€450 | |
| Accrued charges and deferred income | 492/3 | €723 | - | -€723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,809 | +€309 | +8.8% |
| Other operating charges | 640/8 | €1,894 | €837 | -€1,058 | -55.8% |
| Gross operating margin | 9900 | €53,791 | €67,449 | +€13,659 | +25.4% |
| Operating profit (loss) | 9901 | €48,396 | €62,804 | +€14,407 | +29.8% |
| Financial income | 75/76B | €24 | €61 | +€37 | +152.8% |
| Recurring financial income | 75 | €24 | €61 | +€37 | +152.8% |
| Financial charges | 65/66B | €1,101 | €2,858 | +€1,757 | +159.5% |
| Recurring financial charges | 65 | €1,101 | €2,858 | +€1,757 | +159.5% |
| Profit (loss) for the period before taxes | 9903 | €47,319 | €60,007 | +€12,688 | +26.8% |
| Income taxes | 67/77 | €13,844 | €12,796 | -€1,047 | -7.6% |
| Profit (loss) for the period | 9904 | €33,476 | €47,211 | +€13,735 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,476 | €47,211 | +€13,735 | +41.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.