TIMBA: 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.
TIMBA
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+1250.0%), from €128,448 to €1.7m
of which Land and buildings: +€1.6m
- Cash -€266,798
down €266,798 (-71.0%), from €375,952 to €109,154
mainly Investment in fixed assets (net) (-€1.7m) and Current investments (-€185,016)
- Current investments +€185,016
new in 2024: €185,016
- Debts after one year +€1.3m
up €1.3m (+2950.6%), from €44,034 to €1.3m
- Reserves +€122,035
up €122,035 (+40.2%), from €303,710 to €425,744
- Current portion of long-term debt +€73,803
up €73,803 (+493.4%), from €14,957 to €88,760
- Trade debts +€23,687
up €23,687 (+68.7%), from €34,476 to €58,162
- Gross operating margin +€126,041
up €126,041 (+38.9%), from €323,975 to €450,015
- Depreciation +€94,294
up €94,294 (+192.4%), from €48,999 to €143,292
- Staff costs +€11,157
up €11,157 (+11.5%), from €96,803 to €107,960
- Financial charges +€7,953
up €7,953 (+62.7%), from €12,684 to €20,636
- Other operating charges +€6,069
up €6,069 (+6013.4%), from €101 to €6,170
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,242 | €2,074,239 | +€1.5m | +284.7% |
| Fixed assets | 21/28 | €128,448 | €1,734,019 | +€1.6m | +1250.0% |
| Tangible fixed assets | 22/27 | €128,448 | €1,734,019 | +€1.6m | +1250.0% |
| Land and buildings | 22 | €54,604 | €1,682,084 | +€1.6m | +2980.5% |
| Plant, machinery and equipment | 23 | €6,580 | €3,125 | -€3,455 | -52.5% |
| Furniture and vehicles | 24 | €67,264 | €48,810 | -€18,454 | -27.4% |
| Current assets | 29/58 | €410,793 | €340,220 | -€70,573 | -17.2% |
| Stocks and contracts in progress | 3 | €15,863 | €21,207 | +€5,344 | +33.7% |
| Stocks | 30/36 | €15,863 | €21,207 | +€5,344 | +33.7% |
| Amounts receivable within one year | 40/41 | €15,346 | €20,587 | +€5,241 | +34.1% |
| Trade receivables | 40 | €3,291 | €3,179 | -€111 | -3.4% |
| Other amounts receivable | 41 | €12,055 | €17,407 | +€5,352 | +44.4% |
| Current investments | 50/53 | - | €185,016 | +€185,016 | |
| Cash at bank and in hand | 54/58 | €375,952 | €109,154 | -€266,798 | -71.0% |
| Deferred charges and accrued income | 490/1 | €3,632 | €4,256 | +€624 | +17.2% |
| Total equity and liabilities | 10/49 | €539,242 | €2,074,239 | +€1.5m | +284.7% |
| Equity | 10/15 | €372,530 | €494,564 | +€122,035 | +32.8% |
| Contributions | 10/11 | €68,820 | €68,820 | = | 0.0% |
| Reserves | 13 | €303,710 | €425,744 | +€122,035 | +40.2% |
| Distributable reserves | 133 | €303,710 | €425,744 | +€122,035 | +40.2% |
| Amounts payable | 17/49 | €166,712 | €1,579,675 | +€1.4m | +847.5% |
| Amounts payable after more than one year | 17 | €44,034 | €1,343,304 | +€1.3m | +2950.6% |
| Financial debts | 170/4 | €44,034 | €1,343,304 | +€1.3m | +2950.6% |
| Amounts payable within one year | 42/48 | €122,678 | €236,318 | +€113,640 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €14,957 | €88,760 | +€73,803 | +493.4% |
| Trade debts | 44 | €34,476 | €58,162 | +€23,687 | +68.7% |
| Suppliers | 440/4 | €34,476 | €58,162 | +€23,687 | +68.7% |
| Taxes, remuneration and social security | 45 | €71,400 | €84,545 | +€13,145 | +18.4% |
| Taxes | 450/3 | €52,044 | €66,047 | +€14,003 | +26.9% |
| Remuneration and social security | 454/9 | €19,356 | €18,498 | -€858 | -4.4% |
| Other amounts payable | 47/48 | €1,846 | €4,851 | +€3,005 | +162.7% |
| Accrued charges and deferred income | 492/3 | - | €52 | +€52 | |
| Remuneration, social security and pensions | 62 | €96,803 | €107,960 | +€11,157 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,999 | €143,292 | +€94,294 | +192.4% |
| Other operating charges | 640/8 | €101 | €6,170 | +€6,069 | +6013.4% |
| Gross operating margin | 9900 | €323,975 | €450,015 | +€126,041 | +38.9% |
| Operating profit (loss) | 9901 | €178,072 | €192,593 | +€14,520 | +8.2% |
| Financial income | 75/76B | €2,148 | €1,524 | -€624 | -29.1% |
| Recurring financial income | 75 | €2,148 | €1,524 | -€624 | -29.1% |
| Financial charges | 65/66B | €12,684 | €20,636 | +€7,953 | +62.7% |
| Recurring financial charges | 65 | €12,684 | €20,636 | +€7,953 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €167,536 | €173,480 | +€5,944 | +3.5% |
| Income taxes | 67/77 | €49,906 | €51,446 | +€1,539 | +3.1% |
| Profit (loss) for the period | 9904 | €117,630 | €122,035 | +€4,405 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €117,630 | €122,035 | +€4,405 | +3.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.