TIMBRE: 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.
TIMBRE
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+4520.1%), from €34,332 to €1.6m
of which Other amounts receivable: +€1.6m
- Financial fixed assets -€797,801
down €797,801 (-94.0%), from €848,551 to €50,750
- Cash -€166,869
down €166,869 (-44.9%), from €371,985 to €205,117
mainly Receivables within one year (-€1.6m) and Debts after one year (-€87,952)
- Tangible fixed assets +€78,281
up €78,281 (+13.4%), from €584,104 to €662,385
of which Land and buildings: +€423,903
- Reserves +€755,004
up €755,004 (+47.8%), from €1.6m to €2.3m
- Debts after one year -€87,952
down €87,952 (-26.2%), from €335,354 to €247,402
- Financial income +€477,714
up €477,714 (+470.0%), from €101,649 to €579,362
of which Non-recurring financial income: +€428,223
- Other operating charges +€22,586
up €22,586 (+850.8%), from €2,655 to €25,241
- Gross operating margin -€15,739
down €15,739 (-3.9%), from €399,265 to €383,526
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 | €2,062,309 | €2,712,632 | +€650,323 | +31.5% |
| Fixed assets | 21/28 | €1,432,655 | €713,135 | -€719,520 | -50.2% |
| Tangible fixed assets | 22/27 | €584,104 | €662,385 | +€78,281 | +13.4% |
| Land and buildings | 22 | €236,228 | €660,131 | +€423,903 | +179.4% |
| Furniture and vehicles | 24 | €2,898 | €2,254 | -€645 | -22.2% |
| Other tangible fixed assets | 26 | €344,978 | - | -€344,978 | |
| Financial fixed assets | 28 | €848,551 | €50,750 | -€797,801 | -94.0% |
| Current assets | 29/58 | €629,655 | €1,999,498 | +€1.4m | +217.6% |
| Amounts receivable after more than one year | 29 | €170,000 | €180,720 | +€10,720 | +6.3% |
| Other amounts receivable | 291 | €170,000 | €180,720 | +€10,720 | +6.3% |
| Amounts receivable within one year | 40/41 | €34,332 | €1,586,163 | +€1.6m | +4520.1% |
| Trade receivables | 40 | €31,460 | - | -€31,460 | |
| Other amounts receivable | 41 | €2,872 | €1,586,163 | +€1.6m | +55134.7% |
| Cash at bank and in hand | 54/58 | €371,985 | €205,117 | -€166,869 | -44.9% |
| Deferred charges and accrued income | 490/1 | €53,338 | €27,499 | -€25,839 | -48.4% |
| Total equity and liabilities | 10/49 | €2,062,309 | €2,712,632 | +€650,323 | +31.5% |
| Equity | 10/15 | €1,591,575 | €2,346,579 | +€755,004 | +47.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,579,175 | €2,334,179 | +€755,004 | +47.8% |
| Distributable reserves | 133 | €1,579,175 | €2,334,179 | +€755,004 | +47.8% |
| Amounts payable | 17/49 | €470,734 | €366,053 | -€104,681 | -22.2% |
| Amounts payable after more than one year | 17 | €335,354 | €247,402 | -€87,952 | -26.2% |
| Financial debts | 170/4 | €335,354 | €247,402 | -€87,952 | -26.2% |
| Amounts payable within one year | 42/48 | €135,381 | €118,652 | -€16,729 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €96,211 | €87,952 | -€8,259 | -8.6% |
| Trade debts | 44 | €802 | €3,215 | +€2,413 | +300.7% |
| Suppliers | 440/4 | €802 | €3,215 | +€2,413 | +300.7% |
| Advances received on contracts in progress | 46 | €2,785 | - | -€2,785 | |
| Taxes, remuneration and social security | 45 | €20,823 | €19,859 | -€964 | -4.6% |
| Taxes | 450/3 | €20,823 | €17,359 | -€3,464 | -16.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €14,759 | €7,625 | -€7,134 | -48.3% |
| Non-recurring operating income | 76A | - | €35,269 | +€35,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,267 | €18,621 | -€646 | -3.4% |
| Other operating charges | 640/8 | €2,655 | €25,241 | +€22,586 | +850.8% |
| Non-recurring operating charges | 66A | €7,959 | - | -€7,959 | |
| Gross operating margin | 9900 | €399,265 | €383,526 | -€15,739 | -3.9% |
| Operating profit (loss) | 9901 | €369,384 | €339,665 | -€29,720 | -8.0% |
| Financial income | 75/76B | €101,649 | €579,362 | +€477,714 | +470.0% |
| Recurring financial income | 75 | €101,649 | €151,140 | +€49,491 | +48.7% |
| Non-recurring financial income | 76B | - | €428,223 | +€428,223 | |
| Financial charges | 65/66B | €5,747 | €4,675 | -€1,072 | -18.6% |
| Recurring financial charges | 65 | €5,747 | €4,675 | -€1,072 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €465,286 | €914,352 | +€449,066 | +96.5% |
| Income taxes | 67/77 | €92,621 | €89,796 | -€2,825 | -3.1% |
| Profit (loss) for the period | 9904 | €372,664 | €824,556 | +€451,891 | +121.3% |
| Profit (loss) for the period to be appropriated | 9905 | €372,664 | €824,556 | +€451,891 | +121.3% |
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.