Timco Consulting: what changed
Two financial 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.
Timco Consulting
Largest movements
- Cash +€78,388
up €78,388 (+108%), from €72,753 to €151,142
mainly Net result for the year (+€122,897) and Tax, wage and social debts (+€41,305)
- Tangible fixed assets +€68,444
up €68,444 (+5,221%), from €1,311 to €69,754
of which Furniture and vehicles: +€66,316
- Receivables within one year +€3,006
up €3,006 (+15.2%), from €19,732 to €22,738
of which Trade receivables: +€3,006
- Formation expenses -€2,853
down €2,853 (-100%), from €2,853 to €0
- Tax, wage and social debts +€41,305
up €41,305 (+138%), from €29,983 to €71,288
of which Taxes: +€40,032
- Reserves +€34,897
new in 2025: €34,897
- Other debts +€34,188
up €34,188 (+63.1%), from €54,179 to €88,367
- Debts after one year +€32,115
new in 2025: €32,115
- Current portion of long-term debt +€12,035
new in 2025: €12,035
- Gross operating margin +€107,134
up €107,134 (+148%), from €72,415 to €179,550
- Taxes +€22,299
up €22,299 (+155%), from €14,399 to €36,698
- Depreciation +€17,705
up €17,705 (+1,817%), from €974 to €18,679
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.
Derived cash bridge
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 | €96,788 | €244,749 | +€147,961 | +153% |
| Formation expenses | 20 | €2,853 | €0 | -€2,853 | -100% |
| Fixed assets | 21/28 | €1,311 | €69,754 | +€68,444 | +5,221% |
| Tangible fixed assets | 22/27 | €1,311 | €69,754 | +€68,444 | +5,221% |
| Plant, machinery and equipment | 23 | €1,311 | €3,439 | +€2,128 | +162% |
| Furniture and vehicles | 24 | - | €66,316 | +€66,316 | |
| Current assets | 29/58 | €92,624 | €174,995 | +€82,371 | +88.9% |
| Amounts receivable within one year | 40/41 | €19,732 | €22,738 | +€3,006 | +15.2% |
| Trade receivables | 40 | €19,594 | €22,600 | +€3,006 | +15.3% |
| Other amounts receivable | 41 | €138 | €138 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,753 | €151,142 | +€78,388 | +108% |
| Deferred charges and accrued income | 490/1 | €138 | €1,115 | +€977 | +708% |
| Total equity and liabilities | 10/49 | €96,788 | €244,749 | +€147,961 | +153% |
| Equity | 10/15 | €2,953 | €37,850 | +€34,897 | +1,182% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €34,897 | +€34,897 | |
| Distributable reserves | 133 | - | €34,897 | +€34,897 | |
| Profit (loss) carried forward | 14 | €2,853 | €2,853 | = | 0.0% |
| Amounts payable | 17/49 | €93,835 | €206,899 | +€113,064 | +120% |
| Amounts payable after more than one year | 17 | - | €32,115 | +€32,115 | |
| Financial debts | 170/4 | - | €32,115 | +€32,115 | |
| Amounts payable within one year | 42/48 | €91,335 | €172,284 | +€80,949 | +88.6% |
| Current portion of amounts payable after more than one year | 42 | - | €12,035 | +€12,035 | |
| Trade debts | 44 | €7,173 | €593 | -€6,580 | -91.7% |
| Suppliers | 440/4 | €7,173 | €593 | -€6,580 | -91.7% |
| Taxes, remuneration and social security | 45 | €29,983 | €71,288 | +€41,305 | +138% |
| Taxes | 450/3 | €29,856 | €69,888 | +€40,032 | +134% |
| Remuneration and social security | 454/9 | €127 | €1,400 | +€1,273 | +1,006% |
| Other amounts payable | 47/48 | €54,179 | €88,367 | +€34,188 | +63.1% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €974 | €18,679 | +€17,705 | +1,817% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €72,415 | €179,550 | +€107,134 | +148% |
| Operating profit (loss) | 9901 | €71,441 | €160,751 | +€89,310 | +125% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €10 | €1,340 | +€1,330 | +13,303% |
| Recurring financial charges | 65 | €10 | €1,340 | +€1,330 | +13,303% |
| Profit (loss) for the period before taxes | 9903 | €71,431 | €159,595 | +€88,164 | +123% |
| Income taxes | 67/77 | €14,399 | €36,698 | +€22,299 | +155% |
| Profit (loss) for the period | 9904 | €57,032 | €122,897 | +€65,865 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €57,032 | €122,897 | +€65,865 | +115% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.