TIMFROST: what changed
Two fiscal 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
TIMFROST
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€93,938
2024 · €27,546+€66,392
Equity
€2.4m
2024 · €2.3m+€93,938
Cash
€263,675
2024 · €954,640-€690,965
Balance sheet total
€4.3m
2024 · €4.3m-€4,973
Largest movements
Assets
- Cash -€690,965
down €690,965 (-72.4%), from €954,640 to €263,675
mainly Receivables within one year (-€370,963) and Current investments (-€336,000)
- Receivables within one year +€370,963
up €370,963 (+56.9%), from €651,909 to €1.0m
of which Trade receivables: +€371,771
- Current investments +€336,000
new in 2025: €336,000
- Deferred charges and accrued income -€50,013
down €50,013 (-28.9%), from €173,273 to €123,261
Equity and liabilities
- Profit (loss) carried forward +€93,938
up €93,938 (+54397.0%), from €173 to €94,111
- Debts after one year -€82,673
down €82,673 (-12.6%), from €657,060 to €574,386
- Trade debts -€74,650
down €74,650 (-63.4%), from €117,750 to €43,100
Income statement
- Staff costs -€386,202
down €386,202, from €385,569 to -€633
- Gross operating margin -€338,030
down €338,030 (-43.7%), from €773,379 to €435,348
- Depreciation -€38,665
down €38,665 (-15.8%), from €244,642 to €205,977
- Taxes +€21,695
up €21,695 (+178.2%), from €12,177 to €33,872
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
€27,546
Gross operating margin
-€338,030
Staff costs
+€386,202
Depreciation
+€38,665
Other operating charges
+€1,910
Other operating items
-€1,996
Financial income
+€3,809
Financial charges
-€2,473
Taxes
-€21,695
Result 2025
€93,938
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.
From operations
-€30,879
Investment
-€573,518
Financing
-€86,568
Cash 2024
€954,640
From operations (derived)
-€30,879
Net result for the year
+€93,938
Depreciation
+€205,977
Stocks and contracts
+€2,500
Receivables within one year
-€370,963
Deferred charges and accrued income
+€50,013
Provisions
-€3,418
Trade debts
-€74,650
Tax, wage and social debts
+€22,695
Advances received
+€2,068
Other debts
+€40,962
Investment (derived)
-€573,518
Investment in fixed assets (net)
-€237,518
Current investments
-€336,000
Financing
-€86,568
Debts after one year
-€82,673
Current portion of long-term debt
-€3,894
Cash 2025
€263,675
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,267,476 | €4,262,503 | -€4,973 | -0.1% |
| Fixed assets | 21/28 | €2,485,154 | €2,516,696 | +€31,542 | +1.3% |
| Tangible fixed assets | 22/27 | €2,485,154 | €2,516,696 | +€31,542 | +1.3% |
| Land and buildings | 22 | €2,426,277 | €2,272,123 | -€154,154 | -6.4% |
| Plant, machinery and equipment | 23 | €48,337 | €229,091 | +€180,754 | +373.9% |
| Furniture and vehicles | 24 | €10,541 | €15,482 | +€4,942 | +46.9% |
| Current assets | 29/58 | €1,782,322 | €1,745,807 | -€36,515 | -2.0% |
| Stocks and contracts in progress | 3 | €2,500 | €0 | -€2,500 | -100.0% |
| Stocks | 30/36 | €2,500 | €0 | -€2,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €651,909 | €1,022,871 | +€370,963 | +56.9% |
| Trade receivables | 40 | €508,869 | €880,640 | +€371,771 | +73.1% |
| Other amounts receivable | 41 | €143,040 | €142,231 | -€809 | -0.6% |
| Current investments | 50/53 | - | €336,000 | +€336,000 | |
| Cash at bank and in hand | 54/58 | €954,640 | €263,675 | -€690,965 | -72.4% |
| Deferred charges and accrued income | 490/1 | €173,273 | €123,261 | -€50,013 | -28.9% |
| Total equity and liabilities | 10/49 | €4,267,476 | €4,262,503 | -€4,973 | -0.1% |
| Equity | 10/15 | €2,310,325 | €2,404,263 | +€93,938 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,248,152 | €2,248,152 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,591 | €10,591 | = | 0.0% |
| Distributable reserves | 133 | €2,231,361 | €2,231,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173 | €94,111 | +€93,938 | +54397.0% |
| Provisions and deferred taxes | 16 | €636,505 | €633,086 | -€3,418 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €636,505 | €633,086 | -€3,418 | -0.5% |
| Other liabilities and charges | 164/5 | €636,505 | €633,086 | -€3,418 | -0.5% |
| Amounts payable | 17/49 | €1,320,647 | €1,225,154 | -€95,493 | -7.2% |
| Amounts payable after more than one year | 17 | €657,060 | €574,386 | -€82,673 | -12.6% |
| Financial debts | 170/4 | €657,060 | €574,386 | -€82,673 | -12.6% |
| Amounts payable within one year | 42/48 | €650,195 | €637,376 | -€12,819 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €86,568 | €82,673 | -€3,894 | -4.5% |
| Trade debts | 44 | €117,750 | €43,100 | -€74,650 | -63.4% |
| Suppliers | 440/4 | €117,750 | €43,100 | -€74,650 | -63.4% |
| Advances received on contracts in progress | 46 | - | €2,068 | +€2,068 | |
| Taxes, remuneration and social security | 45 | €24,498 | €47,192 | +€22,695 | +92.6% |
| Taxes | 450/3 | €24,034 | €47,192 | +€23,158 | +96.4% |
| Remuneration and social security | 454/9 | €463 | €0 | -€463 | -100.0% |
| Other amounts payable | 47/48 | €421,380 | €462,342 | +€40,962 | +9.7% |
| Accrued charges and deferred income | 492/3 | €13,392 | €13,392 | = | 0.0% |
| Non-recurring operating income | 76A | €81,260 | €22,485 | -€58,774 | -72.3% |
| Remuneration, social security and pensions | 62 | €385,569 | -€633 | -€386,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,642 | €205,977 | -€38,665 | -15.8% |
| Other operating charges | 640/8 | €39,243 | €37,333 | -€1,910 | -4.9% |
| Non-recurring operating charges | 66A | €3,598 | €5,594 | +€1,996 | +55.5% |
| Gross operating margin | 9900 | €773,379 | €435,348 | -€338,030 | -43.7% |
| Operating profit (loss) | 9901 | €100,327 | €187,077 | +€86,751 | +86.5% |
| Financial income | 75/76B | €3,853 | €7,663 | +€3,809 | +98.9% |
| Recurring financial income | 75 | €3,853 | €7,663 | +€3,809 | +98.9% |
| Financial charges | 65/66B | €64,458 | €66,930 | +€2,473 | +3.8% |
| Recurring financial charges | 65 | €64,458 | €66,930 | +€2,473 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €39,722 | €127,810 | +€88,087 | +221.8% |
| Income taxes | 67/77 | €12,177 | €33,872 | +€21,695 | +178.2% |
| Profit (loss) for the period | 9904 | €27,546 | €93,938 | +€66,392 | +241.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,546 | €93,938 | +€66,392 | +241.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.