TIMECO SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€11,915
down €11,915 (-7.3%), from €162,860 to €150,944
of which Trade receivables: -€15,233
- Tangible fixed assets -€6,507
down €6,507 (-25.4%), from €25,612 to €19,104
- Cash +€4,809
up €4,809 (+31.1%), from €15,467 to €20,277
mainly Net result for the year (+€16,916) and Receivables within one year (+€11,915)
- Debts after one year -€30,715
down €30,715 (-61.5%), from €49,949 to €19,234
- Profit (loss) carried forward +€16,916
up €16,916 (+40.1%), from €42,141 to €59,057
- Tax, wage and social debts -€7,285
down €7,285 (-44.5%), from €16,352 to €9,068
- Trade debts +€5,662
up €5,662 (+78.8%), from €7,183 to €12,845
- Gross operating margin -€1,882
down €1,882 (-5.3%), from €35,783 to €33,901
- Depreciation +€1,430
up €1,430 (+28.2%), from €5,078 to €6,507
- Financial charges -€510
down €510 (-16.9%), from €3,015 to €2,505
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 | €206,834 | €191,918 | -€14,916 | -7.2% |
| Fixed assets | 21/28 | €25,612 | €19,104 | -€6,507 | -25.4% |
| Tangible fixed assets | 22/27 | €25,612 | €19,104 | -€6,507 | -25.4% |
| Furniture and vehicles | 24 | €25,612 | €19,104 | -€6,507 | -25.4% |
| Current assets | 29/58 | €181,223 | €172,814 | -€8,409 | -4.6% |
| Amounts receivable within one year | 40/41 | €162,860 | €150,944 | -€11,915 | -7.3% |
| Trade receivables | 40 | €15,233 | €0 | -€15,233 | -100% |
| Other amounts receivable | 41 | €147,627 | €150,944 | +€3,317 | +2.2% |
| Cash at bank and in hand | 54/58 | €15,467 | €20,277 | +€4,809 | +31.1% |
| Deferred charges and accrued income | 490/1 | €2,896 | €1,593 | -€1,303 | -45.0% |
| Total equity and liabilities | 10/49 | €206,834 | €191,918 | -€14,916 | -7.2% |
| Equity | 10/15 | €103,141 | €120,057 | +€16,916 | +16.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,141 | €59,057 | +€16,916 | +40.1% |
| Amounts payable | 17/49 | €103,693 | €71,862 | -€31,832 | -30.7% |
| Amounts payable after more than one year | 17 | €49,949 | €19,234 | -€30,715 | -61.5% |
| Financial debts | 170/4 | €49,949 | €19,234 | -€30,715 | -61.5% |
| Amounts payable within one year | 42/48 | €53,744 | €52,628 | -€1,117 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €30,209 | €30,715 | +€506 | +1.7% |
| Trade debts | 44 | €7,183 | €12,845 | +€5,662 | +78.8% |
| Suppliers | 440/4 | €7,183 | €12,845 | +€5,662 | +78.8% |
| Taxes, remuneration and social security | 45 | €16,352 | €9,068 | -€7,285 | -44.5% |
| Taxes | 450/3 | €16,352 | €9,068 | -€7,285 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,078 | €6,507 | +€1,430 | +28.2% |
| Other operating charges | 640/8 | €1,561 | €1,376 | -€185 | -11.9% |
| Gross operating margin | 9900 | €35,783 | €33,901 | -€1,882 | -5.3% |
| Operating profit (loss) | 9901 | €29,144 | €26,018 | -€3,127 | -10.7% |
| Financial income | 75/76B | €0 | €142 | +€142 | |
| Recurring financial income | 75 | €0 | €142 | +€142 | |
| Financial charges | 65/66B | €3,015 | €2,505 | -€510 | -16.9% |
| Recurring financial charges | 65 | €3,015 | €2,505 | -€510 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €26,129 | €23,654 | -€2,475 | -9.5% |
| Income taxes | 67/77 | €6,743 | €6,739 | -€4 | -0.1% |
| Profit (loss) for the period | 9904 | €19,387 | €16,916 | -€2,471 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,387 | €16,916 | -€2,471 | -12.7% |
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 13 October 2026 via checked.be.