TIMBRADO: 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.
What changed
TIMBRADO
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,608
2024 · €9,255+€8,353
Equity
€141,900
2024 · €125,892+€16,008
Cash
€3,198
2024 · €2,198+€1,000
Balance sheet total
€667,386
2024 · €701,889-€34,503
Largest movements
Assets
- Tangible fixed assets -€35,625
down €35,625 (-5.1%), from €698,407 to €662,782
of which Land and buildings: -€39,236
Equity and liabilities
- Debts after one year -€53,278
down €53,278 (-14.6%), from €364,583 to €311,306
of which Financial debts: -€55,461
- Reserves +€16,008
up €16,008 (+18.6%), from €85,892 to €101,900
of which Distributable reserves: +€17,687
Income statement
- Gross operating margin +€12,098
up €12,098 (+16.3%), from €74,403 to €86,500
- Taxes +€3,047
up €3,047 (+70.8%), from €4,301 to €7,348
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.
Result 2024
€9,255
Gross operating margin
+€12,098
Depreciation
-€542
Other operating charges
-€161
Financial income
+€0
Financial charges
+€6
Taxes
-€3,047
Result 2025
€17,608
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.
From operations
+€58,543
Investment
-€4,647
Financing
-€52,897
Cash 2024
€2,198
From operations (derived)
+€58,543
Net result for the year
+€17,608
Depreciation
+€40,272
Receivables within one year
-€123
Provisions
-€560
Trade debts
+€3,194
Tax, wage and social debts
+€5,096
Other debts
-€6,197
Accrued charges and deferred income
-€747
Investment (derived)
-€4,647
Investment in fixed assets (net)
-€4,647
Financing
-€52,897
Debts after one year
-€53,278
Current portion of long-term debt
+€1,981
Contributions, distributions and other
-€1,600
Cash 2025
€3,198
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,889 | €667,386 | -€34,503 | -4.9% |
| Fixed assets | 21/28 | €698,407 | €662,782 | -€35,625 | -5.1% |
| Tangible fixed assets | 22/27 | €698,407 | €662,782 | -€35,625 | -5.1% |
| Land and buildings | 22 | €697,595 | €658,360 | -€39,236 | -5.6% |
| Plant, machinery and equipment | 23 | €811 | €4,422 | +€3,611 | +445.0% |
| Current assets | 29/58 | €3,482 | €4,604 | +€1,122 | +32.2% |
| Amounts receivable within one year | 40/41 | €1,284 | €1,407 | +€123 | +9.6% |
| Trade receivables | 40 | €1,284 | €1,407 | +€123 | +9.6% |
| Cash at bank and in hand | 54/58 | €2,198 | €3,198 | +€1,000 | +45.5% |
| Total equity and liabilities | 10/49 | €701,889 | €667,386 | -€34,503 | -4.9% |
| Equity | 10/15 | €125,892 | €141,900 | +€16,008 | +12.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €85,892 | €101,900 | +€16,008 | +18.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,497 | €26,818 | -€1,680 | -5.9% |
| Distributable reserves | 133 | €53,394 | €71,082 | +€17,687 | +33.1% |
| Provisions and deferred taxes | 16 | €9,499 | €8,939 | -€560 | -5.9% |
| Deferred taxes | 168 | €9,499 | €8,939 | -€560 | -5.9% |
| Amounts payable | 17/49 | €566,498 | €516,547 | -€49,951 | -8.8% |
| Amounts payable after more than one year | 17 | €364,583 | €311,306 | -€53,278 | -14.6% |
| Financial debts | 170/4 | €255,983 | €200,522 | -€55,461 | -21.7% |
| Other amounts payable | 178/9 | €108,600 | €110,783 | +€2,183 | +2.0% |
| Amounts payable within one year | 42/48 | €199,895 | €203,969 | +€4,075 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €53,479 | €55,461 | +€1,981 | +3.7% |
| Trade debts | 44 | €756 | €3,950 | +€3,194 | +422.5% |
| Suppliers | 440/4 | €756 | €3,950 | +€3,194 | +422.5% |
| Taxes, remuneration and social security | 45 | €3,510 | €8,606 | +€5,096 | +145.2% |
| Taxes | 450/3 | €3,510 | €8,606 | +€5,096 | +145.2% |
| Other amounts payable | 47/48 | €142,150 | €135,952 | -€6,197 | -4.4% |
| Accrued charges and deferred income | 492/3 | €2,020 | €1,272 | -€747 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,730 | €40,272 | +€542 | +1.4% |
| Other operating charges | 640/8 | €5,192 | €5,353 | +€161 | +3.1% |
| Gross operating margin | 9900 | €74,403 | €86,500 | +€12,098 | +16.3% |
| Operating profit (loss) | 9901 | €29,481 | €40,875 | +€11,394 | +38.6% |
| Financial income | 75/76B | €5 | €5 | +€0 | +3.5% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +3.5% |
| Financial charges | 65/66B | €16,490 | €16,485 | -€6 | 0.0% |
| Recurring financial charges | 65 | €16,490 | €16,485 | -€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €12,996 | €24,396 | +€11,400 | +87.7% |
| Transfer from deferred taxes | 780 | €560 | €560 | = | 0.0% |
| Income taxes | 67/77 | €4,301 | €7,348 | +€3,047 | +70.8% |
| Profit (loss) for the period | 9904 | €9,255 | €17,608 | +€8,353 | +90.3% |
| Transfer from tax-exempt reserves | 789 | €1,680 | €1,680 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,934 | €19,287 | +€8,353 | +76.4% |
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 28 September 2026 via checked.be.