TIMCO INVEST: 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 INVEST
Largest movements
- Cash -€12,669
down €12,669 (-10.1%), from €124,986 to €112,318
mainly Contributions, distributions and other (-€15,000) and Receivables within one year (-€8,500)
- Receivables within one year +€8,500
new in 2025: €8,500
- Reserves -€11,850
down €11,850 (-61.4%), from €19,300 to €7,450
- Gross operating margin +€1,580
up €1,580 (+9.4%), from €16,851 to €18,431
- Taxes +€678
up €678 (+49.6%), from €1,368 to €2,047
- Other operating charges +€495
up €495 (+4.0%), from €12,386 to €12,881
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 | €636,307 | €631,321 | -€4,985 | -0.8% |
| Fixed assets | 21/28 | €510,082 | €509,214 | -€869 | -0.2% |
| Tangible fixed assets | 22/27 | €510,082 | €509,214 | -€869 | -0.2% |
| Land and buildings | 22 | €510,082 | €509,214 | -€869 | -0.2% |
| Current assets | 29/58 | €126,224 | €122,108 | -€4,117 | -3.3% |
| Amounts receivable within one year | 40/41 | - | €8,500 | +€8,500 | |
| Other amounts receivable | 41 | - | €8,500 | +€8,500 | |
| Cash at bank and in hand | 54/58 | €124,986 | €112,318 | -€12,669 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,290 | +€52 | +4.2% |
| Total equity and liabilities | 10/49 | €636,307 | €631,321 | -€4,985 | -0.8% |
| Equity | 10/15 | €634,677 | €622,829 | -€11,848 | -1.9% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Reserves | 13 | €19,300 | €7,450 | -€11,850 | -61.4% |
| Distributable reserves | 133 | €19,300 | €7,450 | -€11,850 | -61.4% |
| Profit (loss) carried forward | 14 | €80,377 | €80,379 | +€2 | 0.0% |
| Amounts payable | 17/49 | €1,630 | €8,493 | +€6,863 | +421% |
| Amounts payable within one year | 42/48 | €1,242 | €6,883 | +€5,641 | +454% |
| Taxes, remuneration and social security | 45 | €1,242 | €1,883 | +€641 | +51.6% |
| Taxes | 450/3 | €1,242 | €1,883 | +€641 | +51.6% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €387 | €1,610 | +€1,222 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869 | €869 | = | 0.0% |
| Other operating charges | 640/8 | €12,386 | €12,881 | +€495 | +4.0% |
| Gross operating margin | 9900 | €16,851 | €18,431 | +€1,580 | +9.4% |
| Operating profit (loss) | 9901 | €3,597 | €4,681 | +€1,084 | +30.1% |
| Financial income | 75/76B | €420 | €546 | +€126 | +29.9% |
| Recurring financial income | 75 | €420 | €546 | +€126 | +29.9% |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €3,993 | €5,199 | +€1,205 | +30.2% |
| Income taxes | 67/77 | €1,368 | €2,047 | +€678 | +49.6% |
| Profit (loss) for the period | 9904 | €2,625 | €3,152 | +€527 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,625 | €3,152 | +€527 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.