TIMCONSULT: 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.
TIMCONSULT
Largest movements
- Tangible fixed assets -€18,482
down €18,482 (-7.2%), from €256,969 to €238,487
of which Furniture and vehicles: -€10,914
- Intangible fixed assets -€13,500
down €13,500 (-12.4%), from €108,937 to €95,437
- Receivables within one year +€11,322
up €11,322 (+31.9%), from €35,499 to €46,821
of which Trade receivables: +€10,628
- Cash +€8,162
up €8,162 (+20.9%), from €38,964 to €47,126
mainly Net result for the year (+€40,802) and Depreciation (+€34,180)
- Debts after one year -€38,120
down €38,120 (-15.2%), from €250,499 to €212,379
- Reserves +€32,500
up €32,500 (+121.0%), from €26,860 to €59,360
of which Distributable reserves: +€32,500
- Profit (loss) carried forward -€14,005
down €14,005 (-18.5%), from €75,873 to €61,868
- Tax, wage and social debts -€10,044
down €10,044 (-46.0%), from €21,844 to €11,800
of which Taxes: -€10,787
- Trade debts +€8,604
up €8,604 (+343.2%), from €2,507 to €11,111
- Gross operating margin +€10,262
up €10,262 (+7.8%), from €131,029 to €141,291
- Staff costs +€4,257
up €4,257 (+12.1%), from €35,228 to €39,484
- Taxes +€3,864
up €3,864 (+30.4%), from €12,690 to €16,554
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 | €441,646 | €430,159 | -€11,487 | -2.6% |
| Fixed assets | 21/28 | €366,125 | €334,143 | -€31,982 | -8.7% |
| Intangible fixed assets | 21 | €108,937 | €95,437 | -€13,500 | -12.4% |
| Tangible fixed assets | 22/27 | €256,969 | €238,487 | -€18,482 | -7.2% |
| Land and buildings | 22 | €213,092 | €205,524 | -€7,568 | -3.6% |
| Furniture and vehicles | 24 | €43,877 | €32,963 | -€10,914 | -24.9% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €75,521 | €96,016 | +€20,494 | +27.1% |
| Amounts receivable within one year | 40/41 | €35,499 | €46,821 | +€11,322 | +31.9% |
| Trade receivables | 40 | €18,341 | €28,969 | +€10,628 | +57.9% |
| Other amounts receivable | 41 | €17,158 | €17,852 | +€694 | +4.0% |
| Cash at bank and in hand | 54/58 | €38,964 | €47,126 | +€8,162 | +20.9% |
| Deferred charges and accrued income | 490/1 | €1,058 | €2,068 | +€1,011 | +95.6% |
| Total equity and liabilities | 10/49 | €441,646 | €430,159 | -€11,487 | -2.6% |
| Equity | 10/15 | €112,733 | €131,228 | +€18,495 | +16.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,860 | €59,360 | +€32,500 | +121.0% |
| 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 | €25,000 | €57,500 | +€32,500 | +130.0% |
| Profit (loss) carried forward | 14 | €75,873 | €61,868 | -€14,005 | -18.5% |
| Amounts payable | 17/49 | €328,913 | €298,931 | -€29,982 | -9.1% |
| Amounts payable after more than one year | 17 | €250,499 | €212,379 | -€38,120 | -15.2% |
| Financial debts | 170/4 | €250,499 | €212,379 | -€38,120 | -15.2% |
| Amounts payable within one year | 42/48 | €75,568 | €83,338 | +€7,770 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €36,931 | €38,120 | +€1,189 | +3.2% |
| Trade debts | 44 | €2,507 | €11,111 | +€8,604 | +343.2% |
| Suppliers | 440/4 | €2,507 | €11,111 | +€8,604 | +343.2% |
| Taxes, remuneration and social security | 45 | €21,844 | €11,800 | -€10,044 | -46.0% |
| Taxes | 450/3 | €17,427 | €6,641 | -€10,787 | -61.9% |
| Remuneration and social security | 454/9 | €4,417 | €5,160 | +€743 | +16.8% |
| Other amounts payable | 47/48 | €14,286 | €22,307 | +€8,021 | +56.1% |
| Accrued charges and deferred income | 492/3 | €2,846 | €3,214 | +€368 | +12.9% |
| Remuneration, social security and pensions | 62 | €35,228 | €39,484 | +€4,257 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,420 | €34,180 | +€760 | +2.3% |
| Other operating charges | 640/8 | €4,852 | €3,598 | -€1,254 | -25.8% |
| Gross operating margin | 9900 | €131,029 | €141,291 | +€10,262 | +7.8% |
| Operating profit (loss) | 9901 | €57,529 | €64,029 | +€6,499 | +11.3% |
| Financial income | 75/76B | €1,033 | €1,464 | +€430 | +41.6% |
| Recurring financial income | 75 | €1,033 | €1,464 | +€430 | +41.6% |
| Financial charges | 65/66B | €8,711 | €8,136 | -€574 | -6.6% |
| Recurring financial charges | 65 | €8,711 | €8,136 | -€574 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €49,852 | €57,356 | +€7,504 | +15.1% |
| Income taxes | 67/77 | €12,690 | €16,554 | +€3,864 | +30.4% |
| Profit (loss) for the period | 9904 | €37,162 | €40,802 | +€3,640 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,162 | €40,802 | +€3,640 | +9.8% |
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 12 October 2026 via checked.be.