TIMAGO CONSULTING: 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.
TIMAGO CONSULTING
Largest movements
- Cash +€45,467
up €45,467 (+78.6%), from €57,854 to €103,321
mainly Net result for the year (+€48,080) and Depreciation (+€17,517)
- Current investments +€20,000
up €20,000 (+25.0%), from €80,000 to €100,000
- Tangible fixed assets -€15,320
down €15,320 (-22.3%), from €68,849 to €53,528
of which Leasing and similar rights: -€12,049
- Receivables within one year -€5,780
down €5,780 (-5.6%), from €102,647 to €96,868
of which Trade receivables: -€29,048
- Reserves +€48,080
up €48,080 (+24.8%), from €193,846 to €241,926
- Debts after one year -€7,536
down €7,536 (-27.2%), from €27,748 to €20,212
- Gross operating margin -€12,947
down €12,947 (-13.4%), from €96,611 to €83,663
- Taxes -€3,591
down €3,591 (-14.4%), from €24,931 to €21,340
- Depreciation +€1,069
up €1,069 (+6.5%), from €16,448 to €17,517
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 | €344,966 | €387,530 | +€42,564 | +12.3% |
| Fixed assets | 21/28 | €68,849 | €53,528 | -€15,320 | -22.3% |
| Tangible fixed assets | 22/27 | €68,849 | €53,528 | -€15,320 | -22.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,679 | €7,988 | -€690 | -8.0% |
| Leasing and similar rights | 25 | €41,956 | €29,907 | -€12,049 | -28.7% |
| Other tangible fixed assets | 26 | €18,214 | €15,633 | -€2,581 | -14.2% |
| Current assets | 29/58 | €276,117 | €334,002 | +€57,884 | +21.0% |
| Amounts receivable after more than one year | 29 | €30,550 | €30,550 | = | 0.0% |
| Other amounts receivable | 291 | €30,550 | €30,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €102,647 | €96,868 | -€5,780 | -5.6% |
| Trade receivables | 40 | €51,529 | €22,482 | -€29,048 | -56.4% |
| Other amounts receivable | 41 | €51,118 | €74,386 | +€23,268 | +45.5% |
| Current investments | 50/53 | €80,000 | €100,000 | +€20,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €57,854 | €103,321 | +€45,467 | +78.6% |
| Deferred charges and accrued income | 490/1 | €5,066 | €3,263 | -€1,803 | -35.6% |
| Total equity and liabilities | 10/49 | €344,966 | €387,530 | +€42,564 | +12.3% |
| Equity | 10/15 | €206,246 | €254,326 | +€48,080 | +23.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,846 | €241,926 | +€48,080 | +24.8% |
| Distributable reserves | 133 | €193,846 | €241,926 | +€48,080 | +24.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €72,923 | €72,923 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €72,923 | €72,923 | = | 0.0% |
| Pensions and similar obligations | 160 | €72,923 | €72,923 | = | 0.0% |
| Amounts payable | 17/49 | €65,797 | €60,281 | -€5,516 | -8.4% |
| Amounts payable after more than one year | 17 | €27,748 | €20,212 | -€7,536 | -27.2% |
| Financial debts | 170/4 | €27,748 | €20,212 | -€7,536 | -27.2% |
| Amounts payable within one year | 42/48 | €38,049 | €40,069 | +€2,020 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €7,256 | €7,536 | +€280 | +3.9% |
| Financial debts | 43 | - | €1,552 | +€1,552 | |
| Credit institutions | 430/8 | - | €1,552 | +€1,552 | |
| Trade debts | 44 | €1,172 | €3,098 | +€1,925 | +164% |
| Suppliers | 440/4 | €1,172 | €3,098 | +€1,925 | +164% |
| Taxes, remuneration and social security | 45 | €29,621 | €27,884 | -€1,737 | -5.9% |
| Taxes | 450/3 | €26,464 | €24,709 | -€1,755 | -6.6% |
| Remuneration and social security | 454/9 | €3,157 | €3,174 | +€18 | +0.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,448 | €17,517 | +€1,069 | +6.5% |
| Other operating charges | 640/8 | €1,820 | €2,344 | +€524 | +28.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,611 | €83,663 | -€12,947 | -13.4% |
| Operating profit (loss) | 9901 | €78,343 | €63,803 | -€14,540 | -18.6% |
| Financial income | 75/76B | €7,565 | €7,079 | -€485 | -6.4% |
| Recurring financial income | 75 | €7,565 | €7,079 | -€485 | -6.4% |
| Financial charges | 65/66B | €1,470 | €1,462 | -€8 | -0.6% |
| Recurring financial charges | 65 | €1,470 | €1,462 | -€8 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €84,438 | €69,421 | -€15,017 | -17.8% |
| Income taxes | 67/77 | €24,931 | €21,340 | -€3,591 | -14.4% |
| Profit (loss) for the period | 9904 | €59,506 | €48,080 | -€11,426 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,506 | €48,080 | -€11,426 | -19.2% |
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 20 October 2026 via checked.be.