TIMECO: 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.
TIMECO
Largest movements
- Cash -€2,212
down €2,212 (-9.3%), from €23,722 to €21,509
mainly Debts after one year (-€6,200) and Current portion of long-term debt (-€3,872)
- Tangible fixed assets -€1,324
down €1,324 (-22.3%), from €5,924 to €4,600
- Deferred charges and accrued income +€1,210
new in 2025: €1,210
- Receivables within one year -€642
down €642 (-3.6%), from €17,938 to €17,297
of which Trade receivables: -€7,754
- Debts after one year -€6,200
no longer reported in 2025 (was €6,200)
- Reserves +€5,580
up €5,580 (+21.3%), from €26,196 to €31,776
- Current portion of long-term debt -€3,872
down €3,872 (-100%), from €3,872 to €0
- Accrued charges and deferred income +€2,844
new in 2025: €2,844
- Tax, wage and social debts -€1,604
down €1,604 (-42.3%), from €3,793 to €2,189
- Gross operating margin -€36,414
down €36,414 (-71.5%), from €50,901 to €14,487
- Depreciation -€15,899
down €15,899 (-92.3%), from €17,223 to €1,324
- Taxes -€4,246
down €4,246 (-48.1%), from €8,827 to €4,581
- Financial charges -€577
down €577 (-82.8%), from €696 to €120
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 | €47,584 | €44,616 | -€2,968 | -6.2% |
| Fixed assets | 21/28 | €5,924 | €4,600 | -€1,324 | -22.3% |
| Tangible fixed assets | 22/27 | €5,924 | €4,600 | -€1,324 | -22.3% |
| Furniture and vehicles | 24 | €5,924 | €4,600 | -€1,324 | -22.3% |
| Current assets | 29/58 | €41,660 | €40,016 | -€1,644 | -3.9% |
| Amounts receivable within one year | 40/41 | €17,938 | €17,297 | -€642 | -3.6% |
| Trade receivables | 40 | €9,074 | €1,321 | -€7,754 | -85.4% |
| Other amounts receivable | 41 | €8,864 | €15,976 | +€7,112 | +80.2% |
| Cash at bank and in hand | 54/58 | €23,722 | €21,509 | -€2,212 | -9.3% |
| Deferred charges and accrued income | 490/1 | - | €1,210 | +€1,210 | |
| Total equity and liabilities | 10/49 | €47,584 | €44,616 | -€2,968 | -6.2% |
| Equity | 10/15 | €32,020 | €37,600 | +€5,580 | +17.4% |
| Contributions | 10/11 | €5,824 | €5,824 | = | 0.0% |
| Reserves | 13 | €26,196 | €31,776 | +€5,580 | +21.3% |
| Distributable reserves | 133 | €26,196 | €31,776 | +€5,580 | +21.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,564 | €7,016 | -€8,548 | -54.9% |
| Amounts payable after more than one year | 17 | €6,200 | - | -€6,200 | |
| Financial debts | 170/4 | €6,200 | - | -€6,200 | |
| Amounts payable within one year | 42/48 | €9,364 | €4,172 | -€5,192 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €3,872 | €0 | -€3,872 | -100% |
| Trade debts | 44 | - | €318 | +€318 | |
| Suppliers | 440/4 | - | €318 | +€318 | |
| Taxes, remuneration and social security | 45 | €3,793 | €2,189 | -€1,604 | -42.3% |
| Taxes | 450/3 | €3,793 | €2,189 | -€1,604 | -42.3% |
| Other amounts payable | 47/48 | €1,700 | €1,666 | -€34 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €2,844 | +€2,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,223 | €1,324 | -€15,899 | -92.3% |
| Other operating charges | 640/8 | €1,595 | €1,234 | -€361 | -22.6% |
| Gross operating margin | 9900 | €50,901 | €14,487 | -€36,414 | -71.5% |
| Operating profit (loss) | 9901 | €32,083 | €11,929 | -€20,154 | -62.8% |
| Financial income | 75/76B | €3 | €17 | +€14 | +570% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +570% |
| Financial charges | 65/66B | €696 | €120 | -€577 | -82.8% |
| Recurring financial charges | 65 | €696 | €120 | -€577 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €31,389 | €11,826 | -€19,563 | -62.3% |
| Income taxes | 67/77 | €8,827 | €4,581 | -€4,246 | -48.1% |
| Profit (loss) for the period | 9904 | €22,562 | €7,246 | -€15,317 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,562 | €7,246 | -€15,317 | -67.9% |
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 14 October 2026 via checked.be.