TIMGO Accounting: 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.
TIMGO Accounting
Largest movements
- Current investments +€130,921
up €130,921 (+131%), from €100,005 to €230,926
- Cash -€22,460
down €22,460 (-80.4%), from €27,928 to €5,468
mainly Current investments (-€130,921) and Contributions, distributions and other (-€74,961)
- Tangible fixed assets -€21,840
down €21,840 (-28.3%), from €77,265 to €55,425
of which Furniture and vehicles: -€21,238
- Receivables within one year -€21,096
down €21,096 (-15.8%), from €133,126 to €112,030
of which Other amounts receivable: -€47,459
- Reserves +€36,861
up €36,861 (+15.9%), from €231,740 to €268,601
- Tax, wage and social debts +€32,593
up €32,593 (+137%), from €23,722 to €56,315
- Provisions +€20,000
new in 2026: €20,000
- Debts after one year -€12,430
down €12,430 (-47.0%), from €26,472 to €14,042
- Other debts -€9,740
down €9,740 (-38.4%), from €25,369 to €15,629
- Gross operating margin +€102,180
up €102,180 (+96.7%), from €105,710 to €207,890
- Taxes +€31,691
up €31,691 (+127%), from €24,866 to €56,557
- Provisions +€20,000
new in 2026: €20,000
- Financial charges -€2,081
down €2,081 (-45.5%), from €4,576 to €2,495
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €338,325 | €403,850 | +€65,525 | +19.4% |
| Fixed assets | 21/28 | €77,265 | €55,425 | -€21,840 | -28.3% |
| Tangible fixed assets | 22/27 | €77,265 | €55,425 | -€21,840 | -28.3% |
| Furniture and vehicles | 24 | €72,504 | €51,267 | -€21,238 | -29.3% |
| Other tangible fixed assets | 26 | €4,760 | €4,158 | -€602 | -12.6% |
| Current assets | 29/58 | €261,060 | €348,425 | +€87,365 | +33.5% |
| Amounts receivable within one year | 40/41 | €133,126 | €112,030 | -€21,096 | -15.8% |
| Trade receivables | 40 | €852 | €27,214 | +€26,362 | +3,096% |
| Other amounts receivable | 41 | €132,275 | €84,816 | -€47,459 | -35.9% |
| Current investments | 50/53 | €100,005 | €230,926 | +€130,921 | +131% |
| Cash at bank and in hand | 54/58 | €27,928 | €5,468 | -€22,460 | -80.4% |
| Total equity and liabilities | 10/49 | €338,325 | €403,850 | +€65,525 | +19.4% |
| Equity | 10/15 | €244,140 | €281,001 | +€36,861 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €231,740 | €268,601 | +€36,861 | +15.9% |
| Distributable reserves | 133 | €231,740 | €268,601 | +€36,861 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €20,000 | +€20,000 | |
| Provisions for liabilities and charges | 160/5 | - | €20,000 | +€20,000 | |
| Other liabilities and charges | 164/5 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €94,185 | €102,849 | +€8,664 | +9.2% |
| Amounts payable after more than one year | 17 | €26,472 | €14,042 | -€12,430 | -47.0% |
| Financial debts | 170/4 | €26,472 | €14,042 | -€12,430 | -47.0% |
| Amounts payable within one year | 42/48 | €67,538 | €88,632 | +€21,094 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €11,941 | €12,430 | +€490 | +4.1% |
| Trade debts | 44 | €6,507 | €4,258 | -€2,249 | -34.6% |
| Suppliers | 440/4 | €6,507 | €4,258 | -€2,249 | -34.6% |
| Taxes, remuneration and social security | 45 | €23,722 | €56,315 | +€32,593 | +137% |
| Taxes | 450/3 | €23,722 | €56,315 | +€32,593 | +137% |
| Other amounts payable | 47/48 | €25,369 | €15,629 | -€9,740 | -38.4% |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,780 | €23,981 | +€201 | +0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €20,000 | +€20,000 | |
| Other operating charges | 640/8 | €121 | €66 | -€55 | -45.6% |
| Gross operating margin | 9900 | €105,710 | €207,890 | +€102,180 | +96.7% |
| Operating profit (loss) | 9901 | €81,809 | €163,844 | +€82,034 | +100% |
| Financial income | 75/76B | €8,201 | €7,031 | -€1,171 | -14.3% |
| Recurring financial income | 75 | €8,201 | €7,031 | -€1,171 | -14.3% |
| Financial charges | 65/66B | €4,576 | €2,495 | -€2,081 | -45.5% |
| Recurring financial charges | 65 | €4,576 | €2,495 | -€2,081 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €85,434 | €168,379 | +€82,945 | +97.1% |
| Income taxes | 67/77 | €24,866 | €56,557 | +€31,691 | +127% |
| Profit (loss) for the period | 9904 | €60,569 | €111,822 | +€51,254 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,569 | €111,822 | +€51,254 | +84.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.