TIMMARK: 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.
TIMMARK
Largest movements
- Cash -€35,424
down €35,424 (-67.8%), from €52,281 to €16,858
mainly Investment in fixed assets (net) (-€30,529) and Trade debts (-€28,277)
- Tangible fixed assets +€15,351
up €15,351 (+186.1%), from €8,250 to €23,601
of which Furniture and vehicles: +€15,853
- Receivables within one year -€7,664
down €7,664 (-10.3%), from €74,451 to €66,787
of which Trade receivables: -€12,272
- Trade debts -€28,277
down €28,277 (-42.0%), from €67,351 to €39,073
- Other debts -€13,556
down €13,556 (-61.7%), from €21,963 to €8,407
- Profit (loss) carried forward +€10,362
up €10,362 (+41.3%), from €25,103 to €35,465
- Tax, wage and social debts +€3,735
up €3,735 (+29.9%), from €12,505 to €16,240
- Gross operating margin -€16,674
down €16,674 (-34.8%), from €47,934 to €31,260
- Depreciation +€10,175
up €10,175 (+203.4%), from €5,003 to €15,178
- Taxes -€5,848
down €5,848 (-61.0%), from €9,582 to €3,735
- Other operating charges -€3,853
down €3,853 (-64.0%), from €6,019 to €2,166
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 | €134,982 | €107,245 | -€27,737 | -20.5% |
| Fixed assets | 21/28 | €8,250 | €23,601 | +€15,351 | +186.1% |
| Tangible fixed assets | 22/27 | €8,250 | €23,601 | +€15,351 | +186.1% |
| Plant, machinery and equipment | 23 | €1,750 | €1,248 | -€502 | -28.7% |
| Furniture and vehicles | 24 | €6,500 | €22,353 | +€15,853 | +243.9% |
| Current assets | 29/58 | €126,732 | €83,645 | -€43,088 | -34.0% |
| Amounts receivable within one year | 40/41 | €74,451 | €66,787 | -€7,664 | -10.3% |
| Trade receivables | 40 | €63,919 | €51,647 | -€12,272 | -19.2% |
| Other amounts receivable | 41 | €10,532 | €15,140 | +€4,608 | +43.7% |
| Cash at bank and in hand | 54/58 | €52,281 | €16,858 | -€35,424 | -67.8% |
| Total equity and liabilities | 10/49 | €134,982 | €107,245 | -€27,737 | -20.5% |
| Equity | 10/15 | €33,163 | €43,525 | +€10,362 | +31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €25,103 | €35,465 | +€10,362 | +41.3% |
| Amounts payable | 17/49 | €101,819 | €63,720 | -€38,099 | -37.4% |
| Amounts payable within one year | 42/48 | €101,819 | €63,720 | -€38,099 | -37.4% |
| Trade debts | 44 | €67,351 | €39,073 | -€28,277 | -42.0% |
| Suppliers | 440/4 | €67,351 | €39,073 | -€28,277 | -42.0% |
| Taxes, remuneration and social security | 45 | €12,505 | €16,240 | +€3,735 | +29.9% |
| Taxes | 450/3 | €12,505 | €16,240 | +€3,735 | +29.9% |
| Other amounts payable | 47/48 | €21,963 | €8,407 | -€13,556 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,003 | €15,178 | +€10,175 | +203.4% |
| Other operating charges | 640/8 | €6,019 | €2,166 | -€3,853 | -64.0% |
| Non-recurring operating charges | 66A | €3,569 | - | -€3,569 | |
| Gross operating margin | 9900 | €47,934 | €31,260 | -€16,674 | -34.8% |
| Operating profit (loss) | 9901 | €33,343 | €13,916 | -€19,427 | -58.3% |
| Financial income | 75/76B | €567 | €638 | +€71 | +12.5% |
| Recurring financial income | 75 | €567 | €638 | +€71 | +12.5% |
| Financial charges | 65/66B | €589 | €457 | -€132 | -22.5% |
| Recurring financial charges | 65 | €589 | €457 | -€132 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €33,321 | €14,097 | -€19,224 | -57.7% |
| Income taxes | 67/77 | €9,582 | €3,735 | -€5,848 | -61.0% |
| Profit (loss) for the period | 9904 | €23,739 | €10,362 | -€13,377 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,739 | €10,362 | -€13,377 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.