Timcler: 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.
Timcler
Largest movements
- Tangible fixed assets -€122,679
down €122,679 (-2.0%), from €6.3m to €6.1m
of which Land and buildings: -€121,354
- Profit (loss) carried forward -€224,471
down €224,471 (-59.0%), from -€380,257 to -€604,728
- Other debts +€169,494
up €169,494 (+3.6%), from €4.8m to €4.9m
- Financial charges +€61,372
up €61,372 (+49.4%), from €124,341 to €185,714
- Gross operating margin +€38,774
up €38,774 (+191.6%), from €20,233 to €59,007
- Depreciation +€33,671
up €33,671 (+37.8%), from €89,009 to €122,679
- Other operating charges +€2,778
up €2,778 (+33.8%), from €8,217 to €10,995
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 | €8,970,184 | €8,804,442 | -€165,742 | -1.8% |
| Fixed assets | 21/28 | €8,630,289 | €8,507,609 | -€122,679 | -1.4% |
| Tangible fixed assets | 22/27 | €6,268,689 | €6,146,009 | -€122,679 | -2.0% |
| Land and buildings | 22 | €6,264,069 | €6,142,715 | -€121,354 | -1.9% |
| Furniture and vehicles | 24 | €4,620 | €3,295 | -€1,325 | -28.7% |
| Financial fixed assets | 28 | €2,361,600 | €2,361,600 | = | 0.0% |
| Current assets | 29/58 | €339,895 | €296,833 | -€43,062 | -12.7% |
| Amounts receivable after more than one year | 29 | €80,000 | - | -€80,000 | |
| Other amounts receivable | 291 | €80,000 | - | -€80,000 | |
| Amounts receivable within one year | 40/41 | €246,714 | €253,495 | +€6,781 | +2.7% |
| Other amounts receivable | 41 | €246,714 | €253,495 | +€6,781 | +2.7% |
| Cash at bank and in hand | 54/58 | €3,014 | €23,514 | +€20,500 | +680.2% |
| Deferred charges and accrued income | 490/1 | €10,167 | €19,824 | +€9,657 | +95.0% |
| Total equity and liabilities | 10/49 | €8,970,184 | €8,804,442 | -€165,742 | -1.8% |
| Equity | 10/15 | €2,498,141 | €2,245,325 | -€252,816 | -10.1% |
| Contributions | 10/11 | €2,850,053 | €2,850,053 | = | 0.0% |
| Reserves | 13 | €28,346 | - | -€28,346 | |
| Distributable reserves | 133 | €28,346 | - | -€28,346 | |
| Profit (loss) carried forward | 14 | -€380,257 | -€604,728 | -€224,471 | -59.0% |
| Amounts payable | 17/49 | €6,472,043 | €6,559,117 | +€87,074 | +1.3% |
| Amounts payable after more than one year | 17 | €1,387,085 | €1,304,165 | -€82,920 | -6.0% |
| Financial debts | 170/4 | €1,387,085 | €1,304,165 | -€82,920 | -6.0% |
| Amounts payable within one year | 42/48 | €4,854,762 | €5,024,288 | +€169,526 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €80,317 | €82,920 | +€2,603 | +3.2% |
| Trade debts | 44 | €9,994 | €7,423 | -€2,571 | -25.7% |
| Suppliers | 440/4 | €9,994 | €7,423 | -€2,571 | -25.7% |
| Other amounts payable | 47/48 | €4,764,452 | €4,933,946 | +€169,494 | +3.6% |
| Accrued charges and deferred income | 492/3 | €230,196 | €230,664 | +€468 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,009 | €122,679 | +€33,671 | +37.8% |
| Other operating charges | 640/8 | €8,217 | €10,995 | +€2,778 | +33.8% |
| Gross operating margin | 9900 | €20,233 | €59,007 | +€38,774 | +191.6% |
| Operating profit (loss) | 9901 | -€76,994 | -€74,668 | +€2,326 | +3.0% |
| Financial income | 75/76B | €7,936 | €7,565 | -€371 | -4.7% |
| Recurring financial income | 75 | €7,936 | €7,565 | -€371 | -4.7% |
| Financial charges | 65/66B | €124,341 | €185,714 | +€61,372 | +49.4% |
| Recurring financial charges | 65 | €124,341 | €185,714 | +€61,372 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | -€193,398 | -€252,816 | -€59,418 | -30.7% |
| Profit (loss) for the period | 9904 | -€193,398 | -€252,816 | -€59,418 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,398 | -€252,816 | -€59,418 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.