TIMLIAM: 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.
TIMLIAM
Largest movements
- Receivables within one year +€23,693
up €23,693 (+92.0%), from €25,763 to €49,456
of which Other amounts receivable: +€24,247
- Stocks and contracts +€22,811
up €22,811 (+98.3%), from €23,216 to €46,027
- Intangible fixed assets -€10,710
down €10,710 (-57.1%), from €18,771 to €8,061
- Tangible fixed assets +€9,305
up €9,305 (+2.6%), from €356,296 to €365,602
of which Furniture and vehicles: +€31,872
- Debts after one year -€40,773
down €40,773 (-21.8%), from €187,255 to €146,481
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Reserves +€19,664
up €19,664 (+24.9%), from €79,009 to €98,673
- Tax, wage and social debts +€18,275
up €18,275 (+55.3%), from €33,039 to €51,314
of which Taxes: +€19,625
- Current portion of long-term debt +€17,443
up €17,443 (+30.2%), from €57,676 to €75,119
- Gross operating margin +€95,633
up €95,633 (+35.7%), from €267,642 to €363,275
- Staff costs +€63,330
up €63,330 (+53.0%), from €119,458 to €182,788
- Taxes +€11,909
up €11,909 (+150%), from €7,938 to €19,846
- Other operating charges -€4,478
down €4,478 (-70.3%), from €6,372 to €1,894
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 | €433,427 | €483,545 | +€50,118 | +11.6% |
| Fixed assets | 21/28 | €376,068 | €374,663 | -€1,405 | -0.4% |
| Intangible fixed assets | 21 | €18,771 | €8,061 | -€10,710 | -57.1% |
| Tangible fixed assets | 22/27 | €356,296 | €365,602 | +€9,305 | +2.6% |
| Land and buildings | 22 | €263,055 | €239,517 | -€23,538 | -8.9% |
| Plant, machinery and equipment | 23 | €3,922 | €4,893 | +€971 | +24.8% |
| Furniture and vehicles | 24 | €89,319 | €121,191 | +€31,872 | +35.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €57,360 | €108,882 | +€51,523 | +89.8% |
| Stocks and contracts in progress | 3 | €23,216 | €46,027 | +€22,811 | +98.3% |
| Stocks | 30/36 | €23,216 | €46,027 | +€22,811 | +98.3% |
| Amounts receivable within one year | 40/41 | €25,763 | €49,456 | +€23,693 | +92.0% |
| Trade receivables | 40 | €554 | €0 | -€554 | -100% |
| Other amounts receivable | 41 | €25,209 | €49,456 | +€24,247 | +96.2% |
| Cash at bank and in hand | 54/58 | €7,911 | €8,875 | +€965 | +12.2% |
| Deferred charges and accrued income | 490/1 | €469 | €4,524 | +€4,055 | +864% |
| Total equity and liabilities | 10/49 | €433,427 | €483,545 | +€50,118 | +11.6% |
| Equity | 10/15 | €97,569 | €117,233 | +€19,664 | +20.2% |
| Contributions | 10/11 | €18,560 | €18,560 | = | 0.0% |
| Reserves | 13 | €79,009 | €98,673 | +€19,664 | +24.9% |
| Distributable reserves | 133 | €79,009 | €98,673 | +€19,664 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €335,858 | €366,312 | +€30,454 | +9.1% |
| Amounts payable after more than one year | 17 | €187,255 | €146,481 | -€40,773 | -21.8% |
| Financial debts | 170/4 | €187,255 | €146,481 | -€40,773 | -21.8% |
| Amounts payable within one year | 42/48 | €148,603 | €219,831 | +€71,228 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €57,676 | €75,119 | +€17,443 | +30.2% |
| Trade debts | 44 | €57,888 | €73,399 | +€15,511 | +26.8% |
| Suppliers | 440/4 | €57,888 | €73,399 | +€15,511 | +26.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €33,039 | €51,314 | +€18,275 | +55.3% |
| Taxes | 450/3 | €8,488 | €28,113 | +€19,625 | +231% |
| Remuneration and social security | 454/9 | €24,551 | €23,201 | -€1,351 | -5.5% |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €25,149 | €1,574 | -€23,575 | -93.7% |
| Remuneration, social security and pensions | 62 | €119,458 | €182,788 | +€63,330 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,068 | €88,662 | -€2,406 | -2.6% |
| Other operating charges | 640/8 | €6,372 | €1,894 | -€4,478 | -70.3% |
| Non-recurring operating charges | 66A | €1,094 | €0 | -€1,094 | -100% |
| Gross operating margin | 9900 | €267,642 | €363,275 | +€95,633 | +35.7% |
| Operating profit (loss) | 9901 | €49,651 | €89,931 | +€40,280 | +81.1% |
| Financial income | 75/76B | €327 | €94 | -€234 | -71.4% |
| Recurring financial income | 75 | €327 | €94 | -€234 | -71.4% |
| Financial charges | 65/66B | €19,826 | €21,943 | +€2,117 | +10.7% |
| Recurring financial charges | 65 | €19,826 | €21,943 | +€2,117 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €30,152 | €68,082 | +€37,929 | +126% |
| Income taxes | 67/77 | €7,938 | €19,846 | +€11,909 | +150% |
| Profit (loss) for the period | 9904 | €22,215 | €48,235 | +€26,021 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €22,215 | €48,235 | +€26,021 | +117% |
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 15 October 2026 via checked.be.