TIMIS CONSTRUCT: 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.
TIMIS CONSTRUCT
Largest movements
- Receivables within one year -€26,761
down €26,761 (-35.0%), from €76,518 to €49,757
of which Other amounts receivable: -€28,028
- Cash -€7,112
down €7,112 (-68.3%), from €10,417 to €3,305
mainly Contributions, distributions and other (-€80,000) and Current portion of long-term debt (-€847)
- Tangible fixed assets -€6,205
down €6,205 (-66.9%), from €9,270 to €3,064
of which Furniture and vehicles: -€5,006
- Profit (loss) carried forward -€67,320
down €67,320 (-93.9%), from €71,692 to €4,372
- Tax, wage and social debts +€23,562
up €23,562 (+518.0%), from €4,549 to €28,110
- Trade debts +€4,096
up €4,096 (+110.9%), from €3,692 to €7,788
- Gross operating margin -€22,343
down €22,343 (-49.1%), from €45,514 to €23,171
- Taxes +€1,878
up €1,878 (+35.8%), from €5,248 to €7,125
- Financial income +€1,229
up €1,229 (+36.5%), from €3,365 to €4,594
- Financial charges -€1,109
down €1,109 (-62.1%), from €1,784 to €675
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 | €98,884 | €58,482 | -€40,402 | -40.9% |
| Fixed assets | 21/28 | €9,270 | €3,064 | -€6,205 | -66.9% |
| Tangible fixed assets | 22/27 | €9,270 | €3,064 | -€6,205 | -66.9% |
| Plant, machinery and equipment | 23 | €2,451 | €1,251 | -€1,199 | -48.9% |
| Furniture and vehicles | 24 | €6,819 | €1,813 | -€5,006 | -73.4% |
| Current assets | 29/58 | €89,614 | €55,418 | -€34,197 | -38.2% |
| Stocks and contracts in progress | 3 | €1,418 | €1,418 | = | 0.0% |
| Stocks | 30/36 | €1,418 | €1,418 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,518 | €49,757 | -€26,761 | -35.0% |
| Trade receivables | 40 | €4,092 | €5,359 | +€1,267 | +31.0% |
| Other amounts receivable | 41 | €72,426 | €44,398 | -€28,028 | -38.7% |
| Cash at bank and in hand | 54/58 | €10,417 | €3,305 | -€7,112 | -68.3% |
| Deferred charges and accrued income | 490/1 | €1,261 | €938 | -€324 | -25.7% |
| Total equity and liabilities | 10/49 | €98,884 | €58,482 | -€40,402 | -40.9% |
| Equity | 10/15 | €88,552 | €21,232 | -€67,320 | -76.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,692 | €4,372 | -€67,320 | -93.9% |
| Amounts payable | 17/49 | €10,332 | €37,250 | +€26,918 | +260.5% |
| Amounts payable within one year | 42/48 | €10,332 | €37,143 | +€26,810 | +259.5% |
| Current portion of amounts payable after more than one year | 42 | €2,091 | €1,244 | -€847 | -40.5% |
| Trade debts | 44 | €3,692 | €7,788 | +€4,096 | +110.9% |
| Suppliers | 440/4 | €3,692 | €7,788 | +€4,096 | +110.9% |
| Taxes, remuneration and social security | 45 | €4,549 | €28,110 | +€23,562 | +518.0% |
| Taxes | 450/3 | €4,549 | €28,110 | +€23,562 | +518.0% |
| Accrued charges and deferred income | 492/3 | - | €107 | +€107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,755 | €6,726 | -€28 | -0.4% |
| Other operating charges | 640/8 | €384 | €557 | +€173 | +45.0% |
| Gross operating margin | 9900 | €45,514 | €23,171 | -€22,343 | -49.1% |
| Operating profit (loss) | 9901 | €38,375 | €15,887 | -€22,488 | -58.6% |
| Financial income | 75/76B | €3,365 | €4,594 | +€1,229 | +36.5% |
| Recurring financial income | 75 | €3,365 | €4,594 | +€1,229 | +36.5% |
| Financial charges | 65/66B | €1,784 | €675 | -€1,109 | -62.1% |
| Recurring financial charges | 65 | €1,784 | €675 | -€1,109 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €39,955 | €19,806 | -€20,150 | -50.4% |
| Income taxes | 67/77 | €5,248 | €7,125 | +€1,878 | +35.8% |
| Profit (loss) for the period | 9904 | €34,708 | €12,680 | -€22,028 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,708 | €12,680 | -€22,028 | -63.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.