TIMBLE: 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.
TIMBLE
Largest movements
- Cash -€55,717
down €55,717 (-30.9%), from €180,484 to €124,767
mainly Net result for the year (-€42,123) and Contributions, distributions and other (-€12,834)
- Receivables within one year +€3,194
up €3,194 (+13.5%), from €23,750 to €26,944
of which Trade receivables: +€3,194
- Profit (loss) carried forward -€42,123
down €42,123, from €0 to -€42,123
- Reserves -€12,834
down €12,834 (-7.2%), from €178,894 to €166,060
- Gross operating margin -€46,957
down €46,957, from €8,106 to -€38,851
- Taxes -€1,644
down €1,644 (-100.0%), from €1,644 to €0
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 | €215,196 | €160,479 | -€54,717 | -25.4% |
| Fixed assets | 21/28 | €4,488 | €2,465 | -€2,023 | -45.1% |
| Tangible fixed assets | 22/27 | €4,488 | €2,465 | -€2,023 | -45.1% |
| Furniture and vehicles | 24 | €4,488 | €2,465 | -€2,023 | -45.1% |
| Current assets | 29/58 | €210,708 | €158,014 | -€52,694 | -25.0% |
| Amounts receivable within one year | 40/41 | €23,750 | €26,944 | +€3,194 | +13.5% |
| Trade receivables | 40 | €15,394 | €18,588 | +€3,194 | +20.8% |
| Other amounts receivable | 41 | €8,356 | €8,356 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,484 | €124,767 | -€55,717 | -30.9% |
| Deferred charges and accrued income | 490/1 | €6,474 | €6,303 | -€171 | -2.6% |
| Total equity and liabilities | 10/49 | €215,196 | €160,479 | -€54,717 | -25.4% |
| Equity | 10/15 | €186,334 | €131,377 | -€54,957 | -29.5% |
| Contributions | 10/11 | €7,440 | €7,440 | = | 0.0% |
| Reserves | 13 | €178,894 | €166,060 | -€12,834 | -7.2% |
| Distributable reserves | 133 | €178,894 | €166,060 | -€12,834 | -7.2% |
| Profit (loss) carried forward | 14 | €0 | -€42,123 | -€42,123 | |
| Amounts payable | 17/49 | €28,863 | €29,102 | +€240 | +0.8% |
| Amounts payable within one year | 42/48 | €28,504 | €29,049 | +€545 | +1.9% |
| Trade debts | 44 | €11,129 | €10,425 | -€704 | -6.3% |
| Suppliers | 440/4 | €11,129 | €10,425 | -€704 | -6.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,950 | €4,341 | +€1,391 | +47.1% |
| Taxes | 450/3 | €2,950 | €4,341 | +€1,391 | +47.1% |
| Other amounts payable | 47/48 | €14,425 | €14,283 | -€142 | -1.0% |
| Accrued charges and deferred income | 492/3 | €359 | €54 | -€305 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214 | €2,023 | -€191 | -8.6% |
| Other operating charges | 640/8 | €719 | €535 | -€184 | -25.6% |
| Gross operating margin | 9900 | €8,106 | -€38,851 | -€46,957 | |
| Operating profit (loss) | 9901 | €5,173 | -€41,410 | -€46,583 | |
| Financial income | 75/76B | €531 | €349 | -€182 | -34.2% |
| Recurring financial income | 75 | €531 | €349 | -€182 | -34.2% |
| Financial charges | 65/66B | €1,149 | €1,062 | -€87 | -7.6% |
| Recurring financial charges | 65 | €1,149 | €1,062 | -€87 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €4,555 | -€42,123 | -€46,678 | |
| Income taxes | 67/77 | €1,644 | €0 | -€1,644 | -100.0% |
| Profit (loss) for the period | 9904 | €2,911 | -€42,123 | -€45,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,911 | -€42,123 | -€45,033 |
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 11 October 2026 via checked.be.