TIMDEL: 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.
What changed
TIMDEL
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€46,918
2024 · -€71,818+€118,736
Equity
€121,043
2024 · €74,124+€46,918
Cash
€1,661
2024 · €9,806-€8,145
Balance sheet total
€1.4m
2024 · €1.0m+€351,694
Largest movements
Assets
- Tangible fixed assets +€369,534
up €369,534 (+49.7%), from €742,882 to €1.1m
of which Leasing and similar rights: +€430,625
Equity and liabilities
- Reserves +€140,620
new in 2025: €140,620
- Trade debts +€134,078
up €134,078 (+259%), from €51,695 to €185,773
- Profit (loss) carried forward -€93,701
down €93,701 (-100%), from -€93,376 to -€187,077
- Current portion of long-term debt +€87,039
up €87,039 (+48.6%), from €179,100 to €266,139
- Debts after one year +€51,895
up €51,895 (+7.3%), from €707,996 to €759,891
Income statement
- Gross operating margin +€104,880
up €104,880 (+79.2%), from €132,360 to €237,239
- Depreciation -€70,656
down €70,656 (-57.0%), from €123,850 to €53,195
- Financial charges +€43,667
up €43,667 (+250%), from €17,481 to €61,148
- Staff costs -€31,798
down €31,798 (-59.0%), from €53,895 to €22,097
- Other operating charges -€2,742
down €2,742 (-30.6%), from €8,953 to €6,211
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.
Result 2024
-€71,818
Gross operating margin
+€104,880
Staff costs
+€31,798
Depreciation
+€70,656
Other operating charges
+€2,742
Other operating items
-€12,388
Financial income
+€185
Financial charges
-€43,667
Taxes
-€313
Deferred taxes and other
-€35,155
Result 2025
€46,918
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€275,316
Investment
-€422,729
Financing
+€139,267
Cash 2024
€9,806
From operations (derived)
+€275,316
Net result for the year
+€46,918
Depreciation
+€53,195
Receivables within one year
+€4,695
Deferred charges and accrued income
+€5,000
Provisions
+€35,155
Trade debts
+€134,078
Tax, wage and social debts
-€3,724
Investment (derived)
-€422,729
Investment in fixed assets (net)
-€422,729
Financing
+€139,267
Debts after one year
+€51,895
Current portion of long-term debt
+€87,039
Short-term financial debts
+€333
Cash 2025
€1,661
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,033,513 | €1,385,207 | +€351,694 | +34.0% |
| Fixed assets | 21/28 | €746,133 | €1,115,667 | +€369,534 | +49.5% |
| Tangible fixed assets | 22/27 | €742,882 | €1,112,416 | +€369,534 | +49.7% |
| Land and buildings | 22 | €52,436 | €10,412 | -€42,025 | -80.1% |
| Plant, machinery and equipment | 23 | €24,466 | €23,037 | -€1,429 | -5.8% |
| Furniture and vehicles | 24 | €20,102 | €5,087 | -€15,014 | -74.7% |
| Leasing and similar rights | 25 | €642,781 | €1,073,406 | +€430,625 | +67.0% |
| Other tangible fixed assets | 26 | €1,098 | €474 | -€624 | -56.8% |
| Assets under construction and advance payments | 27 | €2,000 | €0 | -€2,000 | -100% |
| Financial fixed assets | 28 | €3,251 | €3,251 | = | 0.0% |
| Current assets | 29/58 | €287,380 | €269,540 | -€17,840 | -6.2% |
| Stocks and contracts in progress | 3 | €21,600 | €21,600 | = | 0.0% |
| Stocks | 30/36 | €21,600 | €21,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,913 | €196,218 | -€4,695 | -2.3% |
| Trade receivables | 40 | €118,372 | €99,334 | -€19,038 | -16.1% |
| Other amounts receivable | 41 | €82,541 | €96,884 | +€14,343 | +17.4% |
| Cash at bank and in hand | 54/58 | €9,806 | €1,661 | -€8,145 | -83.1% |
| Deferred charges and accrued income | 490/1 | €55,061 | €50,061 | -€5,000 | -9.1% |
| Total equity and liabilities | 10/49 | €1,033,513 | €1,385,207 | +€351,694 | +34.0% |
| Equity | 10/15 | €74,124 | €121,043 | +€46,918 | +63.3% |
| Contributions | 10/11 | €167,500 | €167,500 | = | 0.0% |
| Reserves | 13 | - | €140,620 | +€140,620 | |
| Tax-exempt reserves | 132 | - | €140,620 | +€140,620 | |
| Profit (loss) carried forward | 14 | -€93,376 | -€187,077 | -€93,701 | -100% |
| Provisions and deferred taxes | 16 | - | €35,155 | +€35,155 | |
| Deferred taxes | 168 | - | €35,155 | +€35,155 | |
| Amounts payable | 17/49 | €959,388 | €1,229,009 | +€269,621 | +28.1% |
| Amounts payable after more than one year | 17 | €707,996 | €759,891 | +€51,895 | +7.3% |
| Financial debts | 170/4 | €707,996 | €759,891 | +€51,895 | +7.3% |
| Amounts payable within one year | 42/48 | €251,393 | €469,118 | +€217,726 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €179,100 | €266,139 | +€87,039 | +48.6% |
| Financial debts | 43 | €10,052 | €10,384 | +€333 | +3.3% |
| Credit institutions | 430/8 | €10,052 | €10,384 | +€333 | +3.3% |
| Trade debts | 44 | €51,695 | €185,773 | +€134,078 | +259% |
| Suppliers | 440/4 | €51,695 | €185,773 | +€134,078 | +259% |
| Taxes, remuneration and social security | 45 | €10,546 | €6,822 | -€3,724 | -35.3% |
| Taxes | 450/3 | €4,041 | €3,927 | -€114 | -2.8% |
| Remuneration and social security | 454/9 | €6,505 | €2,895 | -€3,610 | -55.5% |
| Remuneration, social security and pensions | 62 | €53,895 | €22,097 | -€31,798 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,850 | €53,195 | -€70,656 | -57.0% |
| Other operating charges | 640/8 | €8,953 | €6,211 | -€2,742 | -30.6% |
| Non-recurring operating charges | 66A | - | €12,388 | +€12,388 | |
| Gross operating margin | 9900 | €132,360 | €237,239 | +€104,880 | +79.2% |
| Operating profit (loss) | 9901 | -€54,338 | €143,349 | +€197,687 | |
| Financial income | 75/76B | €1 | €186 | +€185 | +16,479% |
| Recurring financial income | 75 | €1 | €186 | +€185 | +16,479% |
| Financial charges | 65/66B | €17,481 | €61,148 | +€43,667 | +250% |
| Recurring financial charges | 65 | €17,481 | €61,148 | +€43,667 | +250% |
| Profit (loss) for the period before taxes | 9903 | -€71,818 | €82,386 | +€154,204 | |
| Transfer from deferred taxes | 780 | - | €1,722 | +€1,722 | |
| Transfer to deferred taxes | 680 | - | €36,877 | +€36,877 | |
| Income taxes | 67/77 | - | €313 | +€313 | |
| Profit (loss) for the period | 9904 | -€71,818 | €46,918 | +€118,736 | |
| Transfer from tax-exempt reserves | 789 | - | €6,886 | +€6,886 | |
| Transfer to tax-exempt reserves | 689 | - | €147,506 | +€147,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,818 | -€93,701 | -€21,883 | -30.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.