TIMELO: 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.
TIMELO
Largest movements
- Cash +€116,510
up €116,510 (+109.7%), from €106,171 to €222,682
mainly Other debts (+€198,050) and Net result for the year (+€131,942)
- Financial fixed assets +€15,000
new in 2025: €15,000
- Receivables within one year +€9,090
up €9,090 (+14.9%), from €61,002 to €70,092
of which Trade receivables: +€9,090
- Tangible fixed assets -€8,640
down €8,640 (-24.5%), from €35,206 to €26,566
of which Furniture and vehicles: -€8,375
- Other debts +€198,050
up €198,050 (+10156.4%), from €1,950 to €200,000
- Profit (loss) carried forward -€68,058
down €68,058 (-39.2%), from €173,704 to €105,646
- Debts after one year -€4,459
down €4,459 (-39.1%), from €11,392 to €6,932
- Gross operating margin +€18,230
up €18,230 (+11.3%), from €161,094 to €179,324
- Taxes +€4,561
up €4,561 (+13.6%), from €33,472 to €38,033
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 | €205,002 | €335,276 | +€130,274 | +63.5% |
| Fixed assets | 21/28 | €35,206 | €41,566 | +€6,360 | +18.1% |
| Tangible fixed assets | 22/27 | €35,206 | €26,566 | -€8,640 | -24.5% |
| Plant, machinery and equipment | 23 | €2,378 | €2,113 | -€265 | -11.1% |
| Furniture and vehicles | 24 | €32,828 | €24,453 | -€8,375 | -25.5% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €169,797 | €293,711 | +€123,914 | +73.0% |
| Amounts receivable within one year | 40/41 | €61,002 | €70,092 | +€9,090 | +14.9% |
| Trade receivables | 40 | €58,583 | €67,674 | +€9,090 | +15.5% |
| Other amounts receivable | 41 | €2,419 | €2,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,171 | €222,682 | +€116,510 | +109.7% |
| Deferred charges and accrued income | 490/1 | €2,623 | €936 | -€1,687 | -64.3% |
| Total equity and liabilities | 10/49 | €205,002 | €335,276 | +€130,274 | +63.5% |
| Equity | 10/15 | €178,704 | €110,646 | -€68,058 | -38.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,704 | €105,646 | -€68,058 | -39.2% |
| Amounts payable | 17/49 | €26,298 | €224,630 | +€198,332 | +754.2% |
| Amounts payable after more than one year | 17 | €11,392 | €6,932 | -€4,459 | -39.1% |
| Financial debts | 170/4 | €11,392 | €6,932 | -€4,459 | -39.1% |
| Amounts payable within one year | 42/48 | €14,907 | €217,698 | +€202,791 | +1360.4% |
| Current portion of amounts payable after more than one year | 42 | €4,334 | €4,459 | +€125 | +2.9% |
| Trade debts | 44 | €3,197 | €5,504 | +€2,307 | +72.1% |
| Suppliers | 440/4 | €3,197 | €5,504 | +€2,307 | +72.1% |
| Taxes, remuneration and social security | 45 | €5,425 | €7,735 | +€2,309 | +42.6% |
| Taxes | 450/3 | €4,671 | €7,735 | +€3,063 | +65.6% |
| Remuneration and social security | 454/9 | €754 | - | -€754 | |
| Other amounts payable | 47/48 | €1,950 | €200,000 | +€198,050 | +10156.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,640 | €8,640 | = | 0.0% |
| Other operating charges | 640/8 | €159 | €197 | +€38 | +23.6% |
| Gross operating margin | 9900 | €161,094 | €179,324 | +€18,230 | +11.3% |
| Operating profit (loss) | 9901 | €152,296 | €170,488 | +€18,192 | +11.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €643 | €512 | -€131 | -20.3% |
| Recurring financial charges | 65 | €643 | €512 | -€131 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €151,653 | €169,976 | +€18,322 | +12.1% |
| Income taxes | 67/77 | €33,472 | €38,033 | +€4,561 | +13.6% |
| Profit (loss) for the period | 9904 | €118,181 | €131,942 | +€13,761 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,181 | €131,942 | +€13,761 | +11.6% |
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 11 October 2026 via checked.be.