TIMARO HOLDING: 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.
TIMARO HOLDING
Largest movements
- Cash -€612,549
down €612,549 (-86.4%), from €708,770 to €96,221
mainly Current investments (-€604,128) and Deferred charges and accrued income (-€18,730)
- Current investments +€604,128
up €604,128 (+46.5%), from €1.3m to €1.9m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€732,861
down €732,861 (-91.8%), from €798,272 to €65,410
- Taxes -€66,967
down €66,967 (-83.1%), from €80,568 to €13,601
- Gross operating margin -€12,528
down €12,528 (-109%), from -€11,501 to -€24,029
- Financial charges +€6,307
up €6,307 (+232%), from €2,723 to €9,030
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 | €6,446,303 | €6,460,910 | +€14,607 | +0.2% |
| Fixed assets | 21/28 | €3,573,333 | €3,573,333 | = | 0.0% |
| Financial fixed assets | 28 | €3,573,333 | €3,573,333 | = | 0.0% |
| Current assets | 29/58 | €2,872,969 | €2,887,576 | +€14,607 | +0.5% |
| Amounts receivable after more than one year | 29 | €832,377 | €827,877 | -€4,500 | -0.5% |
| Other amounts receivable | 291 | €832,377 | €827,877 | -€4,500 | -0.5% |
| Amounts receivable within one year | 40/41 | €14,690 | €23,488 | +€8,797 | +59.9% |
| Trade receivables | 40 | €1,100 | €140 | -€960 | -87.3% |
| Other amounts receivable | 41 | €13,590 | €23,348 | +€9,758 | +71.8% |
| Current investments | 50/53 | €1,300,000 | €1,904,128 | +€604,128 | +46.5% |
| Cash at bank and in hand | 54/58 | €708,770 | €96,221 | -€612,549 | -86.4% |
| Deferred charges and accrued income | 490/1 | €17,132 | €35,862 | +€18,730 | +109% |
| Total equity and liabilities | 10/49 | €6,446,303 | €6,460,910 | +€14,607 | +0.2% |
| Equity | 10/15 | €5,745,446 | €5,763,019 | +€17,573 | +0.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €5,679,228 | €5,703,019 | +€23,791 | +0.4% |
| Distributable reserves | 133 | €5,679,228 | €5,703,019 | +€23,791 | +0.4% |
| Profit (loss) carried forward | 14 | €6,218 | - | -€6,218 | |
| Amounts payable | 17/49 | €700,856 | €697,891 | -€2,966 | -0.4% |
| Amounts payable after more than one year | 17 | €618,888 | €618,888 | = | 0.0% |
| Other amounts payable | 178/9 | €618,888 | €618,888 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,968 | €79,003 | -€2,966 | -3.6% |
| Trade debts | 44 | €6,255 | €1,181 | -€5,075 | -81.1% |
| Suppliers | 440/4 | €6,255 | €1,181 | -€5,075 | -81.1% |
| Taxes, remuneration and social security | 45 | €74,936 | €77,822 | +€2,886 | +3.9% |
| Taxes | 450/3 | €74,936 | €77,822 | +€2,886 | +3.9% |
| Other amounts payable | 47/48 | €777 | - | -€777 | |
| Other operating charges | 640/8 | €1,147 | €1,177 | +€31 | +2.7% |
| Gross operating margin | 9900 | -€11,501 | -€24,029 | -€12,528 | -109% |
| Operating profit (loss) | 9901 | -€12,647 | -€25,207 | -€12,559 | -99.3% |
| Financial income | 75/76B | €798,272 | €65,410 | -€732,861 | -91.8% |
| Recurring financial income | 75 | €798,272 | €65,410 | -€732,861 | -91.8% |
| Financial charges | 65/66B | €2,723 | €9,030 | +€6,307 | +232% |
| Recurring financial charges | 65 | €2,723 | €9,030 | +€6,307 | +232% |
| Profit (loss) for the period before taxes | 9903 | €782,901 | €31,174 | -€751,728 | -96.0% |
| Income taxes | 67/77 | €80,568 | €13,601 | -€66,967 | -83.1% |
| Profit (loss) for the period | 9904 | €702,333 | €17,573 | -€684,761 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €702,333 | €17,573 | -€684,761 | -97.5% |
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 27 October 2026 via checked.be.