Timka: 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.
Timka
Largest movements
- Cash +€35,802
up €35,802 (+122%), from €29,385 to €65,187
mainly Net result for the year (+€38,953) and Tax, wage and social debts (+€7,566)
- Receivables within one year +€10,945
up €10,945 (+16,735%), from €65 to €11,010
of which Trade receivables: +€10,800
- Reserves +€38,953
up €38,953 (+241%), from €16,145 to €55,098
- Tax, wage and social debts +€7,566
up €7,566 (+77.1%), from €9,818 to €17,385
- Gross operating margin +€27,637
up €27,637 (+123%), from €22,446 to €50,083
- Taxes +€4,785
up €4,785 (+86.6%), from €5,527 to €10,312
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 | €29,450 | €76,247 | +€46,797 | +159% |
| Current assets | 29/58 | €29,450 | €76,247 | +€46,797 | +159% |
| Amounts receivable within one year | 40/41 | €65 | €11,010 | +€10,945 | +16,735% |
| Trade receivables | 40 | - | €10,800 | +€10,800 | |
| Other amounts receivable | 41 | €65 | €210 | +€145 | +222% |
| Cash at bank and in hand | 54/58 | €29,385 | €65,187 | +€35,802 | +122% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €29,450 | €76,247 | +€46,797 | +159% |
| Equity | 10/15 | €18,645 | €57,598 | +€38,953 | +209% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €16,145 | €55,098 | +€38,953 | +241% |
| Distributable reserves | 133 | €16,145 | €55,098 | +€38,953 | +241% |
| Amounts payable | 17/49 | €10,805 | €18,649 | +€7,844 | +72.6% |
| Amounts payable within one year | 42/48 | €10,805 | €18,649 | +€7,844 | +72.6% |
| Financial debts | 43 | - | €44 | +€44 | |
| Credit institutions | 430/8 | - | €44 | +€44 | |
| Trade debts | 44 | €986 | €1,221 | +€234 | +23.7% |
| Suppliers | 440/4 | €986 | €1,221 | +€234 | +23.7% |
| Taxes, remuneration and social security | 45 | €9,818 | €17,385 | +€7,566 | +77.1% |
| Taxes | 450/3 | €9,818 | €17,385 | +€7,566 | +77.1% |
| Other operating charges | 640/8 | €761 | €463 | -€298 | -39.1% |
| Gross operating margin | 9900 | €22,446 | €50,083 | +€27,637 | +123% |
| Operating profit (loss) | 9901 | €21,685 | €49,620 | +€27,935 | +129% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €13 | €358 | +€345 | +2,652% |
| Recurring financial charges | 65 | €13 | €358 | +€345 | +2,652% |
| Profit (loss) for the period before taxes | 9903 | €21,672 | €49,264 | +€27,592 | +127% |
| Income taxes | 67/77 | €5,527 | €10,312 | +€4,785 | +86.6% |
| Profit (loss) for the period | 9904 | €16,145 | €38,953 | +€22,808 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €16,145 | €38,953 | +€22,808 | +141% |
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 27 October 2026 via checked.be.