Timbolo: 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.
Timbolo
Largest movements
- Tangible fixed assets +€35,042
up €35,042 (+52.8%), from €66,420 to €101,462
of which Furniture and vehicles: +€35,559
- Intangible fixed assets +€17,320
new in 2024: €17,320
- Receivables within one year +€11,192
up €11,192 (+301.3%), from €3,715 to €14,907
of which Trade receivables: +€7,929
- Stocks and contracts -€7,727
down €7,727 (-40.1%), from €19,263 to €11,536
- Deferred charges and accrued income +€4,009
up €4,009 (+574.5%), from €698 to €4,707
- Debts after one year +€80,882
up €80,882 (+254.5%), from €31,779 to €112,661
of which Other amounts payable: +€42,224
- Profit (loss) carried forward -€29,180
down €29,180, from €24,540 to -€4,640
- Current portion of long-term debt +€7,550
up €7,550 (+172.5%), from €4,376 to €11,925
- Gross operating margin -€21,061
down €21,061 (-92.0%), from €22,898 to €1,837
- Depreciation +€4,191
up €4,191 (+24.3%), from €17,253 to €21,444
- Financial charges +€2,814
up €2,814 (+269.1%), from €1,045 to €3,859
- Taxes -€1,568
no longer reported in 2024 (was €1,568)
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 | €95,257 | €154,431 | +€59,175 | +62.1% |
| Fixed assets | 21/28 | €66,520 | €118,881 | +€52,362 | +78.7% |
| Intangible fixed assets | 21 | - | €17,320 | +€17,320 | |
| Tangible fixed assets | 22/27 | €66,420 | €101,462 | +€35,042 | +52.8% |
| Furniture and vehicles | 24 | €64,136 | €99,695 | +€35,559 | +55.4% |
| Other tangible fixed assets | 26 | €2,283 | €1,766 | -€517 | -22.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €28,737 | €35,550 | +€6,813 | +23.7% |
| Stocks and contracts in progress | 3 | €19,263 | €11,536 | -€7,727 | -40.1% |
| Stocks | 30/36 | €19,263 | €11,536 | -€7,727 | -40.1% |
| Amounts receivable within one year | 40/41 | €3,715 | €14,907 | +€11,192 | +301.3% |
| Trade receivables | 40 | €118 | €8,047 | +€7,929 | +6708.7% |
| Other amounts receivable | 41 | €3,597 | €6,860 | +€3,263 | +90.7% |
| Cash at bank and in hand | 54/58 | €5,061 | €4,400 | -€661 | -13.1% |
| Deferred charges and accrued income | 490/1 | €698 | €4,707 | +€4,009 | +574.5% |
| Total equity and liabilities | 10/49 | €95,257 | €154,431 | +€59,175 | +62.1% |
| Equity | 10/15 | €43,140 | €13,960 | -€29,180 | -67.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,540 | -€4,640 | -€29,180 | |
| Amounts payable | 17/49 | €52,117 | €140,471 | +€88,354 | +169.5% |
| Amounts payable after more than one year | 17 | €31,779 | €112,661 | +€80,882 | +254.5% |
| Financial debts | 170/4 | €16,669 | €55,327 | +€38,658 | +231.9% |
| Other amounts payable | 178/9 | €15,110 | €57,334 | +€42,224 | +279.4% |
| Amounts payable within one year | 42/48 | €20,338 | €27,810 | +€7,472 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €4,376 | €11,925 | +€7,550 | +172.5% |
| Trade debts | 44 | €9,974 | €10,638 | +€664 | +6.7% |
| Suppliers | 440/4 | €9,974 | €10,638 | +€664 | +6.7% |
| Taxes, remuneration and social security | 45 | €2,592 | €1,568 | -€1,025 | -39.5% |
| Taxes | 450/3 | €2,592 | €1,568 | -€1,025 | -39.5% |
| Other amounts payable | 47/48 | €3,396 | €3,679 | +€283 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,253 | €21,444 | +€4,191 | +24.3% |
| Other operating charges | 640/8 | €1,179 | €997 | -€182 | -15.5% |
| Non-recurring operating charges | 66A | - | €4,717 | +€4,717 | |
| Gross operating margin | 9900 | €22,898 | €1,837 | -€21,061 | -92.0% |
| Operating profit (loss) | 9901 | €4,466 | -€25,320 | -€29,786 | |
| Financial charges | 65/66B | €1,045 | €3,859 | +€2,814 | +269.1% |
| Recurring financial charges | 65 | €1,045 | €3,859 | +€2,814 | +269.1% |
| Profit (loss) for the period before taxes | 9903 | €3,421 | -€29,180 | -€32,600 | |
| Income taxes | 67/77 | €1,568 | - | -€1,568 | |
| Profit (loss) for the period | 9904 | €1,853 | -€29,180 | -€31,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,853 | -€29,180 | -€31,033 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.