Timinvest: 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.
Timinvest
Largest movements
- Deferred charges and accrued income +€20,100
up €20,100 (+11.0%), from €182,315 to €202,415
- Tangible fixed assets -€11,781
down €11,781 (-3.0%), from €391,383 to €379,602
- Profit (loss) carried forward +€49,626
up €49,626 (+41.3%), from -€120,197 to -€70,571
- Debts after one year -€19,264
down €19,264 (-11.6%), from €165,540 to €146,276
- Current portion of long-term debt -€16,855
down €16,855 (-41.6%), from €40,533 to €23,678
- Gross operating margin +€17,933
up €17,933 (+32.4%), from €55,308 to €73,241
- Depreciation -€12,080
down €12,080 (-50.6%), from €23,861 to €11,781
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 | €574,190 | €582,100 | +€7,910 | +1.4% |
| Fixed assets | 21/28 | €391,383 | €379,602 | -€11,781 | -3.0% |
| Tangible fixed assets | 22/27 | €391,383 | €379,602 | -€11,781 | -3.0% |
| Land and buildings | 22 | €391,383 | €379,602 | -€11,781 | -3.0% |
| Current assets | 29/58 | €182,806 | €202,498 | +€19,691 | +10.8% |
| Cash at bank and in hand | 54/58 | €491 | €83 | -€409 | -83.1% |
| Deferred charges and accrued income | 490/1 | €182,315 | €202,415 | +€20,100 | +11.0% |
| Total equity and liabilities | 10/49 | €574,190 | €582,100 | +€7,910 | +1.4% |
| Equity | 10/15 | €326,012 | €375,637 | +€49,626 | +15.2% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,197 | -€70,571 | +€49,626 | +41.3% |
| Amounts payable | 17/49 | €248,178 | €206,463 | -€41,715 | -16.8% |
| Amounts payable after more than one year | 17 | €165,540 | €146,276 | -€19,264 | -11.6% |
| Financial debts | 170/4 | €165,540 | €146,276 | -€19,264 | -11.6% |
| Amounts payable within one year | 42/48 | €82,638 | €60,187 | -€22,452 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €40,533 | €23,678 | -€16,855 | -41.6% |
| Financial debts | 43 | €3,531 | €1,051 | -€2,481 | -70.2% |
| Credit institutions | 430/8 | €3,531 | €1,051 | -€2,481 | -70.2% |
| Trade debts | 44 | €23,574 | €20,458 | -€3,116 | -13.2% |
| Suppliers | 440/4 | €23,574 | €20,458 | -€3,116 | -13.2% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,861 | €11,781 | -€12,080 | -50.6% |
| Other operating charges | 640/8 | €8,652 | €8,962 | +€310 | +3.6% |
| Gross operating margin | 9900 | €55,308 | €73,241 | +€17,933 | +32.4% |
| Operating profit (loss) | 9901 | €22,795 | €52,498 | +€29,703 | +130% |
| Financial charges | 65/66B | €3,347 | €2,872 | -€476 | -14.2% |
| Recurring financial charges | 65 | €3,347 | €2,872 | -€476 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €19,447 | €49,626 | +€30,178 | +155% |
| Profit (loss) for the period | 9904 | €19,447 | €49,626 | +€30,178 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €19,447 | €49,626 | +€30,178 | +155% |
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 17 October 2026 via checked.be.