TIMAYA: 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.
TIMAYA
Largest movements
- Receivables within one year +€18,569
up €18,569 (+34.5%), from €53,877 to €72,446
of which Trade receivables: +€12,994
- Cash -€14,518
down €14,518 (-17.7%), from €82,157 to €67,638
mainly Investment in fixed assets (net) (-€43,215) and Receivables within one year (-€18,569)
- Tangible fixed assets +€6,917
up €6,917 (+5.9%), from €117,404 to €124,321
of which Furniture and vehicles: +€6,937
- Stocks and contracts -€5,677
down €5,677 (-26.8%), from €21,184 to €15,507
- Deferred charges and accrued income +€2,928
up €2,928 (+119.1%), from €2,459 to €5,387
- Reserves +€42,000
up €42,000 (+102.4%), from €41,000 to €83,000
- Other debts -€16,326
down €16,326 (-44.3%), from €36,884 to €20,559
- Tax, wage and social debts -€13,497
down €13,497 (-19.0%), from €70,952 to €57,455
of which Remuneration and social security: -€17,978
- Debts after one year -€2,898
down €2,898 (-7.7%), from €37,408 to €34,511
- Staff costs -€88,366
down €88,366 (-39.9%), from €221,445 to €133,079
- Gross operating margin -€76,004
down €76,004 (-24.1%), from €315,582 to €239,578
- Depreciation -€15,933
down €15,933 (-30.5%), from €52,230 to €36,298
- Taxes +€6,190
up €6,190 (+58.3%), from €10,610 to €16,800
- Other operating charges +€5,824
up €5,824 (+194.1%), from €3,001 to €8,826
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 | €277,080 | €285,299 | +€8,220 | +3.0% |
| Fixed assets | 21/28 | €117,404 | €124,321 | +€6,917 | +5.9% |
| Tangible fixed assets | 22/27 | €117,404 | €124,321 | +€6,917 | +5.9% |
| Plant, machinery and equipment | 23 | €14,059 | €10,093 | -€3,966 | -28.2% |
| Furniture and vehicles | 24 | €52,791 | €59,728 | +€6,937 | +13.1% |
| Other tangible fixed assets | 26 | €50,553 | €54,500 | +€3,947 | +7.8% |
| Current assets | 29/58 | €159,676 | €160,978 | +€1,302 | +0.8% |
| Stocks and contracts in progress | 3 | €21,184 | €15,507 | -€5,677 | -26.8% |
| Stocks | 30/36 | €21,184 | €15,507 | -€5,677 | -26.8% |
| Amounts receivable within one year | 40/41 | €53,877 | €72,446 | +€18,569 | +34.5% |
| Trade receivables | 40 | €50,620 | €63,614 | +€12,994 | +25.7% |
| Other amounts receivable | 41 | €3,257 | €8,832 | +€5,575 | +171.2% |
| Cash at bank and in hand | 54/58 | €82,157 | €67,638 | -€14,518 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,459 | €5,387 | +€2,928 | +119.1% |
| Total equity and liabilities | 10/49 | €277,080 | €285,299 | +€8,220 | +3.0% |
| Equity | 10/15 | €59,755 | €102,219 | +€42,464 | +71.1% |
| Contributions | 10/11 | €16,060 | €16,060 | = | 0.0% |
| Outside capital | 11 | €16,060 | €16,060 | = | 0.0% |
| Other | 1109/19 | €16,060 | €16,060 | = | 0.0% |
| Reserves | 13 | €41,000 | €83,000 | +€42,000 | +102.4% |
| Distributable reserves | 133 | €41,000 | €83,000 | +€42,000 | +102.4% |
| Profit (loss) carried forward | 14 | €2,695 | €3,159 | +€464 | +17.2% |
| Amounts payable | 17/49 | €217,325 | €183,080 | -€34,245 | -15.8% |
| Amounts payable after more than one year | 17 | €37,408 | €34,511 | -€2,898 | -7.7% |
| Financial debts | 170/4 | €37,408 | €34,511 | -€2,898 | -7.7% |
| Amounts payable within one year | 42/48 | €179,431 | €148,570 | -€30,861 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €31,067 | €31,575 | +€508 | +1.6% |
| Trade debts | 44 | €40,527 | €38,981 | -€1,546 | -3.8% |
| Suppliers | 440/4 | €40,527 | €38,981 | -€1,546 | -3.8% |
| Taxes, remuneration and social security | 45 | €70,952 | €57,455 | -€13,497 | -19.0% |
| Taxes | 450/3 | €26,866 | €31,347 | +€4,481 | +16.7% |
| Remuneration and social security | 454/9 | €44,086 | €26,108 | -€17,978 | -40.8% |
| Other amounts payable | 47/48 | €36,884 | €20,559 | -€16,326 | -44.3% |
| Accrued charges and deferred income | 492/3 | €486 | - | -€486 | |
| Non-recurring operating income | 76A | - | €90,410 | +€90,410 | |
| Remuneration, social security and pensions | 62 | €221,445 | €133,079 | -€88,366 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,230 | €36,298 | -€15,933 | -30.5% |
| Other operating charges | 640/8 | €3,001 | €8,826 | +€5,824 | +194.1% |
| Gross operating margin | 9900 | €315,582 | €239,578 | -€76,004 | -24.1% |
| Operating profit (loss) | 9901 | €38,906 | €61,376 | +€22,470 | +57.8% |
| Financial income | 75/76B | €519 | €7 | -€512 | -98.7% |
| Recurring financial income | 75 | €519 | €7 | -€512 | -98.7% |
| Financial charges | 65/66B | €2,710 | €2,119 | -€591 | -21.8% |
| Recurring financial charges | 65 | €2,710 | €2,119 | -€591 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €36,715 | €59,264 | +€22,549 | +61.4% |
| Income taxes | 67/77 | €10,610 | €16,800 | +€6,190 | +58.3% |
| Profit (loss) for the period | 9904 | €26,105 | €42,464 | +€16,359 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,105 | €42,464 | +€16,359 | +62.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.