TIMCON: 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.
TIMCON
Largest movements
- Cash +€3,999
up €3,999 (+244.9%), from €1,633 to €5,632
mainly Net result for the year (+€2,793) and Trade debts (+€1,789)
- Receivables within one year +€3,160
up €3,160 (+51.1%), from €6,187 to €9,347
of which Trade receivables: +€2,966
- Deferred charges and accrued income -€516
down €516 (-32.1%), from €1,609 to €1,093
- Tangible fixed assets -€428
down €428 (-62.1%), from €689 to €261
of which Furniture and vehicles: -€414
- Profit (loss) carried forward +€2,793
up €2,793 (+15.8%), from -€17,636 to -€14,843
- Debts after one year +€1,789
up €1,789 (+19.6%), from €9,146 to €10,935
- Trade debts +€1,789
up €1,789 (+32.5%), from €5,497 to €7,286
- Gross operating margin +€3,428
up €3,428 (+248.4%), from €1,380 to €4,808
- Financial charges -€362
down €362 (-85.6%), from €423 to €61
- Depreciation -€302
down €302 (-41.4%), from €730 to €428
- Other operating charges -€226
down €226 (-18.1%), from €1,250 to €1,024
- Taxes -€124
down €124 (-19.4%), from €639 to €515
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 | €10,118 | €16,333 | +€6,215 | +61.4% |
| Fixed assets | 21/28 | €689 | €261 | -€428 | -62.1% |
| Tangible fixed assets | 22/27 | €689 | €261 | -€428 | -62.1% |
| Plant, machinery and equipment | 23 | €14 | - | -€14 | |
| Furniture and vehicles | 24 | €675 | €261 | -€414 | -61.3% |
| Current assets | 29/58 | €9,429 | €16,072 | +€6,643 | +70.5% |
| Amounts receivable within one year | 40/41 | €6,187 | €9,347 | +€3,160 | +51.1% |
| Trade receivables | 40 | €4,982 | €7,948 | +€2,966 | +59.5% |
| Other amounts receivable | 41 | €1,205 | €1,399 | +€194 | +16.1% |
| Cash at bank and in hand | 54/58 | €1,633 | €5,632 | +€3,999 | +244.9% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,093 | -€516 | -32.1% |
| Total equity and liabilities | 10/49 | €10,118 | €16,333 | +€6,215 | +61.4% |
| Equity | 10/15 | -€5,232 | -€2,439 | +€2,793 | +53.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,204 | €6,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,344 | €4,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,636 | -€14,843 | +€2,793 | +15.8% |
| Amounts payable | 17/49 | €15,350 | €18,772 | +€3,422 | +22.3% |
| Amounts payable after more than one year | 17 | €9,146 | €10,935 | +€1,789 | +19.6% |
| Other amounts payable | 178/9 | €9,146 | €10,935 | +€1,789 | +19.6% |
| Amounts payable within one year | 42/48 | €6,204 | €7,837 | +€1,633 | +26.3% |
| Trade debts | 44 | €5,497 | €7,286 | +€1,789 | +32.5% |
| Suppliers | 440/4 | €5,497 | €7,286 | +€1,789 | +32.5% |
| Taxes, remuneration and social security | 45 | €707 | €551 | -€156 | -22.1% |
| Taxes | 450/3 | €707 | €551 | -€156 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €428 | -€302 | -41.4% |
| Other operating charges | 640/8 | €1,250 | €1,024 | -€226 | -18.1% |
| Gross operating margin | 9900 | €1,380 | €4,808 | +€3,428 | +248.4% |
| Operating profit (loss) | 9901 | -€600 | €3,356 | +€3,956 | |
| Financial income | 75/76B | €1 | €13 | +€12 | +1200.0% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1200.0% |
| Financial charges | 65/66B | €423 | €61 | -€362 | -85.6% |
| Recurring financial charges | 65 | €423 | €61 | -€362 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,022 | €3,308 | +€4,330 | |
| Income taxes | 67/77 | €639 | €515 | -€124 | -19.4% |
| Profit (loss) for the period | 9904 | -€1,661 | €2,793 | +€4,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,661 | €2,793 | +€4,454 |
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 10 October 2026 via checked.be.