TIMBA CONSTRUCT: 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.
TIMBA CONSTRUCT
Largest movements
- Tangible fixed assets +€12,973
up €12,973 (+61.8%), from €20,997 to €33,970
of which Furniture and vehicles: +€11,167
- Receivables within one year -€9,675
down €9,675 (-62.9%), from €15,370 to €5,696
of which Trade receivables: -€10,804
- Stocks and contracts +€3,200
up €3,200 (+24.1%), from €13,300 to €16,500
of which Contracts in progress: +€2,500
- Deferred charges and accrued income -€1,286
down €1,286 (-30.8%), from €4,183 to €2,897
- Debts after one year +€10,583
new in 2025: €10,583
- Current portion of long-term debt +€2,823
up €2,823, from €0 to €2,823
- Other debts -€2,766
down €2,766 (-16.6%), from €16,700 to €13,935
- Profit (loss) carried forward -€1,506
down €1,506 (-24.1%), from -€6,260 to -€7,765
- Accrued charges and deferred income -€1,400
down €1,400 (-31.1%), from €4,500 to €3,100
- Gross operating margin -€3,297
down €3,297 (-9.0%), from €36,786 to €33,490
- Depreciation -€1,371
down €1,371 (-10.4%), from €13,164 to €11,793
- Staff costs +€787
up €787 (+4.0%), from €19,786 to €20,573
- Financial charges +€414
up €414 (+205%), from €201 to €615
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 | €57,849 | €63,496 | +€5,648 | +9.8% |
| Fixed assets | 21/28 | €20,997 | €33,970 | +€12,973 | +61.8% |
| Tangible fixed assets | 22/27 | €20,997 | €33,970 | +€12,973 | +61.8% |
| Plant, machinery and equipment | 23 | €6,636 | €3,255 | -€3,380 | -50.9% |
| Furniture and vehicles | 24 | €8,489 | €19,656 | +€11,167 | +132% |
| Other tangible fixed assets | 26 | €5,873 | €11,059 | +€5,187 | +88.3% |
| Current assets | 29/58 | €36,851 | €29,526 | -€7,325 | -19.9% |
| Stocks and contracts in progress | 3 | €13,300 | €16,500 | +€3,200 | +24.1% |
| Stocks | 30/36 | €3,300 | €4,000 | +€700 | +21.2% |
| Contracts in progress | 37 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Amounts receivable within one year | 40/41 | €15,370 | €5,696 | -€9,675 | -62.9% |
| Trade receivables | 40 | €15,370 | €4,567 | -€10,804 | -70.3% |
| Other amounts receivable | 41 | €0 | €1,129 | +€1,129 | |
| Cash at bank and in hand | 54/58 | €3,998 | €4,434 | +€436 | +10.9% |
| Deferred charges and accrued income | 490/1 | €4,183 | €2,897 | -€1,286 | -30.8% |
| Total equity and liabilities | 10/49 | €57,849 | €63,496 | +€5,648 | +9.8% |
| Equity | 10/15 | €23,808 | €22,302 | -€1,506 | -6.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €15,067 | €15,067 | = | 0.0% |
| Distributable reserves | 133 | €15,067 | €15,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,260 | -€7,765 | -€1,506 | -24.1% |
| Amounts payable | 17/49 | €34,041 | €41,194 | +€7,154 | +21.0% |
| Amounts payable after more than one year | 17 | - | €10,583 | +€10,583 | |
| Financial debts | 170/4 | - | €10,583 | +€10,583 | |
| Amounts payable within one year | 42/48 | €29,541 | €27,511 | -€2,030 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €2,823 | +€2,823 | |
| Trade debts | 44 | €8,885 | €7,520 | -€1,365 | -15.4% |
| Suppliers | 440/4 | €8,885 | €7,520 | -€1,365 | -15.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,956 | €3,234 | -€722 | -18.2% |
| Taxes | 450/3 | €848 | €288 | -€559 | -66.0% |
| Remuneration and social security | 454/9 | €3,108 | €2,945 | -€162 | -5.2% |
| Other amounts payable | 47/48 | €16,700 | €13,935 | -€2,766 | -16.6% |
| Accrued charges and deferred income | 492/3 | €4,500 | €3,100 | -€1,400 | -31.1% |
| Remuneration, social security and pensions | 62 | €19,786 | €20,573 | +€787 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,164 | €11,793 | -€1,371 | -10.4% |
| Other operating charges | 640/8 | €1,664 | €1,867 | +€203 | +12.2% |
| Gross operating margin | 9900 | €36,786 | €33,490 | -€3,297 | -9.0% |
| Operating profit (loss) | 9901 | €2,172 | -€744 | -€2,916 | |
| Financial income | 75/76B | €118 | €0 | -€118 | -100% |
| Recurring financial income | 75 | €118 | €0 | -€118 | -100% |
| Financial charges | 65/66B | €201 | €615 | +€414 | +205% |
| Recurring financial charges | 65 | €201 | €615 | +€414 | +205% |
| Profit (loss) for the period before taxes | 9903 | €2,089 | -€1,360 | -€3,449 | |
| Income taxes | 67/77 | €142 | €146 | +€4 | +2.6% |
| Profit (loss) for the period | 9904 | €1,947 | -€1,506 | -€3,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,947 | -€1,506 | -€3,452 |
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 14 October 2026 via checked.be.