TIMALI: what changed
Two fiscal 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.
TIMALI
Largest movements
- Receivables within one year -€26,921
down €26,921 (-88.8%), from €30,300 to €3,379
of which Trade receivables: -€30,300
- Cash +€16,029
up €16,029 (+237.7%), from €6,742 to €22,771
mainly Receivables within one year (+€26,921) and Tax, wage and social debts (+€15,269)
- Other debts -€18,436
no longer reported in 2025 (was €18,436)
- Tax, wage and social debts +€15,269
up €15,269 (+396.5%), from €3,851 to €19,119
of which Remuneration and social security: +€14,181
- Advances received -€13,848
no longer reported in 2025 (was €13,848)
- Profit (loss) carried forward +€6,872
up €6,872 (+118.1%), from €5,816 to €12,688
- Trade debts -€923
down €923 (-18.1%), from €5,112 to €4,189
- Gross operating margin +€32,168
up €32,168 (+443.3%), from €7,257 to €39,425
- Staff costs +€29,110
new in 2025: €29,110
- Other operating charges +€2,515
new in 2025: €2,515
- Financial charges +€731
up €731 (+3005.8%), from €24 to €755
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 | €50,063 | €38,997 | -€11,066 | -22.1% |
| Fixed assets | 21/28 | €13,021 | €12,847 | -€174 | -1.3% |
| Tangible fixed assets | 22/27 | €521 | €347 | -€174 | -33.3% |
| Plant, machinery and equipment | 23 | €521 | €347 | -€174 | -33.3% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €37,042 | €26,150 | -€10,893 | -29.4% |
| Amounts receivable within one year | 40/41 | €30,300 | €3,379 | -€26,921 | -88.8% |
| Trade receivables | 40 | €30,300 | - | -€30,300 | |
| Other amounts receivable | 41 | - | €3,379 | +€3,379 | |
| Cash at bank and in hand | 54/58 | €6,742 | €22,771 | +€16,029 | +237.7% |
| Total equity and liabilities | 10/49 | €50,063 | €38,997 | -€11,066 | -22.1% |
| Equity | 10/15 | €8,816 | €15,688 | +€6,872 | +77.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,816 | €12,688 | +€6,872 | +118.1% |
| Amounts payable | 17/49 | €41,246 | €23,309 | -€17,938 | -43.5% |
| Amounts payable within one year | 42/48 | €41,246 | €23,309 | -€17,938 | -43.5% |
| Trade debts | 44 | €5,112 | €4,189 | -€923 | -18.1% |
| Suppliers | 440/4 | €5,112 | €4,189 | -€923 | -18.1% |
| Advances received on contracts in progress | 46 | €13,848 | - | -€13,848 | |
| Taxes, remuneration and social security | 45 | €3,851 | €19,119 | +€15,269 | +396.5% |
| Taxes | 450/3 | €1,274 | €2,363 | +€1,088 | +85.4% |
| Remuneration and social security | 454/9 | €2,576 | €16,757 | +€14,181 | +550.4% |
| Other amounts payable | 47/48 | €18,436 | - | -€18,436 | |
| Remuneration, social security and pensions | 62 | - | €29,110 | +€29,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174 | €174 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,515 | +€2,515 | |
| Gross operating margin | 9900 | €7,257 | €39,425 | +€32,168 | +443.3% |
| Operating profit (loss) | 9901 | €7,083 | €7,627 | +€543 | +7.7% |
| Financial charges | 65/66B | €24 | €755 | +€731 | +3005.8% |
| Recurring financial charges | 65 | €24 | €755 | +€731 | +3005.8% |
| Profit (loss) for the period before taxes | 9903 | €7,059 | €6,872 | -€188 | -2.7% |
| Profit (loss) for the period | 9904 | €7,059 | €6,872 | -€188 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,059 | €6,872 | -€188 | -2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.