TIMBR: 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.
TIMBR
Largest movements
- Tangible fixed assets +€26,796
up €26,796 (+9488.4%), from €282 to €27,079
of which Leasing and similar rights: +€27,079
- Cash +€15,593
up €15,593 (+105.2%), from €14,820 to €30,413
mainly Net result for the year (+€20,538) and Debts after one year (+€19,569)
- Receivables within one year -€13,706
down €13,706 (-63.0%), from €21,753 to €8,047
of which Trade receivables: -€10,845
- Deferred charges and accrued income +€2,304
up €2,304, from €0 to €2,304
- Other debts -€22,299
down €22,299 (-58.5%), from €38,103 to €15,804
- Profit (loss) carried forward +€20,538
up €20,538 (+92.7%), from -€22,147 to -€1,609
- Debts after one year +€19,569
new in 2025: €19,569
- Contributions +€6,150
up €6,150 (+49.6%), from €12,400 to €18,550
- Current portion of long-term debt +€5,430
new in 2025: €5,430
- Taxes +€5,516
up €5,516 (+3984.6%), from €138 to €5,655
- Depreciation +€3,519
up €3,519 (+126.8%), from €2,776 to €6,295
- Gross operating margin -€3,259
down €3,259 (-8.5%), from €38,323 to €35,064
- Financial charges +€830
up €830 (+248.7%), from €334 to €1,164
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 | €36,855 | €68,242 | +€31,387 | +85.2% |
| Fixed assets | 21/28 | €282 | €27,479 | +€27,196 | +9630.0% |
| Tangible fixed assets | 22/27 | €282 | €27,079 | +€26,796 | +9488.4% |
| Furniture and vehicles | 24 | €282 | €0 | -€282 | -100.0% |
| Leasing and similar rights | 25 | - | €27,079 | +€27,079 | |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €36,573 | €40,764 | +€4,191 | +11.5% |
| Amounts receivable within one year | 40/41 | €21,753 | €8,047 | -€13,706 | -63.0% |
| Trade receivables | 40 | €18,891 | €8,047 | -€10,845 | -57.4% |
| Other amounts receivable | 41 | €2,862 | €0 | -€2,862 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,820 | €30,413 | +€15,593 | +105.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,304 | +€2,304 | |
| Total equity and liabilities | 10/49 | €36,855 | €68,242 | +€31,387 | +85.2% |
| Equity | 10/15 | -€9,747 | €16,941 | +€26,688 | |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Profit (loss) carried forward | 14 | -€22,147 | -€1,609 | +€20,538 | +92.7% |
| Amounts payable | 17/49 | €46,602 | €51,301 | +€4,699 | +10.1% |
| Amounts payable after more than one year | 17 | - | €19,569 | +€19,569 | |
| Financial debts | 170/4 | - | €19,569 | +€19,569 | |
| Amounts payable within one year | 42/48 | €46,602 | €31,733 | -€14,869 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,430 | +€5,430 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €39 | €3,063 | +€3,024 | +7735.4% |
| Suppliers | 440/4 | €39 | €3,063 | +€3,024 | +7735.4% |
| Taxes, remuneration and social security | 45 | €8,460 | €7,436 | -€1,025 | -12.1% |
| Taxes | 450/3 | €8,460 | €7,436 | -€1,025 | -12.1% |
| Other amounts payable | 47/48 | €38,103 | €15,804 | -€22,299 | -58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,776 | €6,295 | +€3,519 | +126.8% |
| Other operating charges | 640/8 | €1,294 | €1,413 | +€120 | +9.2% |
| Gross operating margin | 9900 | €38,323 | €35,064 | -€3,259 | -8.5% |
| Operating profit (loss) | 9901 | €34,254 | €27,356 | -€6,897 | -20.1% |
| Financial charges | 65/66B | €334 | €1,164 | +€830 | +248.7% |
| Recurring financial charges | 65 | €334 | €1,164 | +€830 | +248.7% |
| Profit (loss) for the period before taxes | 9903 | €33,920 | €26,193 | -€7,727 | -22.8% |
| Income taxes | 67/77 | €138 | €5,655 | +€5,516 | +3984.6% |
| Profit (loss) for the period | 9904 | €33,782 | €20,538 | -€13,244 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,782 | €20,538 | -€13,244 | -39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.