TIMBRA: 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.
TIMBRA
Largest movements
- Current investments +€400,000
up €400,000 (+18169.5%), from €2,201 to €402,201
- Receivables within one year -€390,069
no longer reported in 2025 (was €390,069)
- Tangible fixed assets +€80,186
up €80,186 (+18.5%), from €432,750 to €512,936
of which Furniture and vehicles: +€49,647
- Cash +€23,347
up €23,347 (+16.5%), from €141,636 to €164,983
mainly Receivables within one year (+€390,069) and Net result for the year (+€100,310)
- Reserves +€100,310
up €100,310 (+40.9%), from €245,235 to €345,545
of which Distributable reserves: +€110,607
- Other debts +€17,899
up €17,899 (+4.2%), from €426,631 to €444,530
- Gross operating margin +€168,453
up €168,453 (+1600.8%), from €10,523 to €178,976
- Taxes +€43,631
up €43,631 (+1904.5%), from €2,291 to €45,922
- Financial income -€18,534
down €18,534 (-49.8%), from €37,249 to €18,715
- Depreciation +€4,045
up €4,045 (+17.3%), from €23,391 to €27,435
- Financial charges -€2,758
down €2,758 (-10.1%), from €27,345 to €24,587
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 | €966,657 | €1,081,092 | +€114,436 | +11.8% |
| Fixed assets | 21/28 | €432,750 | €512,936 | +€80,186 | +18.5% |
| Tangible fixed assets | 22/27 | €432,750 | €512,936 | +€80,186 | +18.5% |
| Land and buildings | 22 | €432,750 | €449,410 | +€16,660 | +3.8% |
| Plant, machinery and equipment | 23 | - | €13,880 | +€13,880 | |
| Furniture and vehicles | 24 | - | €49,647 | +€49,647 | |
| Current assets | 29/58 | €533,907 | €568,156 | +€34,250 | +6.4% |
| Amounts receivable within one year | 40/41 | €390,069 | - | -€390,069 | |
| Other amounts receivable | 41 | €390,069 | - | -€390,069 | |
| Current investments | 50/53 | €2,201 | €402,201 | +€400,000 | +18169.5% |
| Cash at bank and in hand | 54/58 | €141,636 | €164,983 | +€23,347 | +16.5% |
| Deferred charges and accrued income | 490/1 | - | €972 | +€972 | |
| Total equity and liabilities | 10/49 | €966,657 | €1,081,092 | +€114,436 | +11.8% |
| Equity | 10/15 | €455,132 | €555,442 | +€100,310 | +22.0% |
| Contributions | 10/11 | €209,897 | €209,897 | = | 0.0% |
| Reserves | 13 | €245,235 | €345,545 | +€100,310 | +40.9% |
| Tax-exempt reserves | 132 | €109,018 | €98,721 | -€10,298 | -9.4% |
| Distributable reserves | 133 | €136,217 | €246,824 | +€110,607 | +81.2% |
| Provisions and deferred taxes | 16 | €56,136 | €50,833 | -€5,302 | -9.4% |
| Deferred taxes | 168 | €56,136 | €50,833 | -€5,302 | -9.4% |
| Amounts payable | 17/49 | €455,389 | €474,817 | +€19,428 | +4.3% |
| Amounts payable within one year | 42/48 | €436,301 | €457,664 | +€21,363 | +4.9% |
| Taxes, remuneration and social security | 45 | €9,670 | €13,134 | +€3,463 | +35.8% |
| Taxes | 450/3 | €9,670 | €13,134 | +€3,463 | +35.8% |
| Other amounts payable | 47/48 | €426,631 | €444,530 | +€17,899 | +4.2% |
| Accrued charges and deferred income | 492/3 | €19,088 | €17,153 | -€1,934 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,391 | €27,435 | +€4,045 | +17.3% |
| Other operating charges | 640/8 | €4,236 | €4,740 | +€503 | +11.9% |
| Gross operating margin | 9900 | €10,523 | €178,976 | +€168,453 | +1600.8% |
| Operating profit (loss) | 9901 | -€17,104 | €146,801 | +€163,905 | |
| Financial income | 75/76B | €37,249 | €18,715 | -€18,534 | -49.8% |
| Recurring financial income | 75 | €37,249 | €18,715 | -€18,534 | -49.8% |
| Financial charges | 65/66B | €27,345 | €24,587 | -€2,758 | -10.1% |
| Recurring financial charges | 65 | €27,345 | €24,587 | -€2,758 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,200 | €140,929 | +€148,129 | |
| Transfer from deferred taxes | 780 | €5,302 | €5,302 | = | 0.0% |
| Income taxes | 67/77 | €2,291 | €45,922 | +€43,631 | +1904.5% |
| Profit (loss) for the period | 9904 | -€4,188 | €100,310 | +€104,498 | |
| Transfer from tax-exempt reserves | 789 | €10,298 | €10,298 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,109 | €110,607 | +€104,498 | +1710.5% |
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 7 October 2026 via checked.be.