Timmerman: 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.
What changed
Timmerman
NACE 33.120, Repair and maintenance of machinery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€741,956
2024 · -€181,292-€560,664
Equity
-€946,745
2024 · -€204,788-€741,956
Cash
€289,314
2024 · €368,085-€78,771
Balance sheet total
€945,396
2024 · €3.9m-€2.9m
Largest movements
Assets
- Stocks and contracts -€2.2m
down €2.2m (-97.8%), from €2.2m to €50,000
- Deferred charges and accrued income -€495,479
down €495,479 (-98.6%), from €502,462 to €6,984
- Receivables within one year -€138,326
down €138,326 (-19.4%), from €713,595 to €575,268
of which Trade receivables: -€95,650
- Cash -€78,771
down €78,771 (-21.4%), from €368,085 to €289,314
mainly Other debts (-€2.0m) and Trade debts (-€1.2m)
Equity and liabilities
- Other debts -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Debts after one year +€1.4m
up €1.4m (+13,166%), from €10,459 to €1.4m
of which Other amounts payable: +€1.4m
- Trade debts -€1.2m
down €1.2m (-75.9%), from €1.6m to €376,884
- Profit (loss) carried forward -€741,956
down €741,956 (-183%), from -€404,888 to -€1.1m
- Accrued charges and deferred income -€146,420
down €146,420 (-99.8%), from €146,670 to €250
Income statement
- Turnover -€7.3m
no longer reported in 2025 (was €7.3m)
- Goods and materials -€6.4m
no longer reported in 2025 (was €6.4m)
of which Purchases: -€6.4m
- Services and other goods -€515,982
no longer reported in 2025 (was €515,982)
- Gross operating margin -€384,532
new in 2025: -€384,532
- Write-downs -€231,087
down €231,087, from €224,451 to -€6,636
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.
Result 2024
-€181,292
Turnover
-€7.3m
Other operating income
-€44,719
Goods and materials
+€6.4m
Services and other goods
+€515,982
Staff costs
+€5,866
Depreciation
+€14,938
Write-downs
+€231,087
Other operating charges
-€21,526
Other operating items
-€384,532
Financial income
+€3,651
Financial charges
+€17,393
Result 2025
-€741,956
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.2m
Investment
€0
Financing
+€1.1m
Cash 2024
€368,085
From operations (derived)
-€1.2m
Net result for the year
-€741,956
Depreciation
+€12,292
Stocks and contracts
+€2.2m
Receivables within one year
+€138,326
Deferred charges and accrued income
+€495,479
Trade debts
-€1.2m
Tax, wage and social debts
+€31,084
Other debts
-€2.0m
Accrued charges and deferred income
-€146,420
Financing
+€1.1m
Debts after one year
+€1.4m
Current portion of long-term debt
-€134,738
Short-term financial debts
-€132,350
Cash 2025
€289,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,865,364 | €945,396 | -€2.9m | -75.5% |
| Fixed assets | 21/28 | €36,122 | €23,830 | -€12,292 | -34.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €36,122 | €23,830 | -€12,292 | -34.0% |
| Plant, machinery and equipment | 23 | €22,723 | €17,936 | -€4,787 | -21.1% |
| Furniture and vehicles | 24 | €2,254 | €417 | -€1,837 | -81.5% |
| Leasing and similar rights | 25 | €4,821 | €0 | -€4,821 | -100% |
| Other tangible fixed assets | 26 | €6,324 | €5,477 | -€847 | -13.4% |
| Current assets | 29/58 | €3,829,242 | €921,566 | -€2.9m | -75.9% |
| Stocks and contracts in progress | 3 | €2,245,100 | €50,000 | -€2.2m | -97.8% |
| Stocks | 30/36 | €2,245,100 | €50,000 | -€2.2m | -97.8% |
| Goods purchased for resale | 34 | €2,245,100 | - | -€2.2m | |
| Amounts receivable within one year | 40/41 | €713,595 | €575,268 | -€138,326 | -19.4% |
| Trade receivables | 40 | €670,566 | €574,916 | -€95,650 | -14.3% |
| Other amounts receivable | 41 | €43,029 | €353 | -€42,676 | -99.2% |
| Cash at bank and in hand | 54/58 | €368,085 | €289,314 | -€78,771 | -21.4% |
| Deferred charges and accrued income | 490/1 | €502,462 | €6,984 | -€495,479 | -98.6% |
| Total equity and liabilities | 10/49 | €3,865,364 | €945,396 | -€2.9m | -75.5% |
| Equity | 10/15 | -€204,788 | -€946,745 | -€741,956 | -362% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €0 | -€100 | -100% |
| Reserves not available under the articles | 1311 | €100 | €0 | -€100 | -100% |
| Distributable reserves | 133 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | -€404,888 | -€1,146,845 | -€741,956 | -183% |
| Amounts payable | 17/49 | €4,070,152 | €1,892,141 | -€2.2m | -53.5% |
| Amounts payable after more than one year | 17 | €10,459 | €1,387,463 | +€1.4m | +13,166% |
| Financial debts | 170/4 | €10,459 | €4,925 | -€5,534 | -52.9% |
| Leasing and similar obligations | 172 | €10,459 | - | -€10,459 | |
| Other amounts payable | 178/9 | - | €1,382,538 | +€1.4m | |
| Amounts payable within one year | 42/48 | €3,913,023 | €504,427 | -€3.4m | -87.1% |
| Current portion of amounts payable after more than one year | 42 | €140,271 | €5,534 | -€134,738 | -96.1% |
| Financial debts | 43 | €200,000 | €67,650 | -€132,350 | -66.2% |
| Credit institutions | 430/8 | €200,000 | €67,650 | -€132,350 | -66.2% |
| Trade debts | 44 | €1,562,092 | €376,884 | -€1.2m | -75.9% |
| Suppliers | 440/4 | €1,562,092 | €376,884 | -€1.2m | -75.9% |
| Taxes, remuneration and social security | 45 | €23,275 | €54,359 | +€31,084 | +134% |
| Taxes | 450/3 | €0 | €30,684 | +€30,684 | |
| Remuneration and social security | 454/9 | €23,275 | €23,675 | +€400 | +1.7% |
| Other amounts payable | 47/48 | €1,987,385 | €0 | -€2.0m | -100% |
| Accrued charges and deferred income | 492/3 | €146,670 | €250 | -€146,420 | -99.8% |
| Operating income | 70/76A | €7,308,778 | - | -€7.3m | |
| Turnover | 70 | €7,264,059 | - | -€7.3m | |
| Other operating income | 74 | €44,719 | - | -€44,719 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €7,456,505 | - | -€7.5m | |
| Goods for resale, raw materials and consumables | 60 | €6,365,256 | - | -€6.4m | |
| Purchases | 600/8 | €6,365,256 | - | -€6.4m | |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €515,982 | - | -€515,982 | |
| Remuneration, social security and pensions | 62 | €313,842 | €307,976 | -€5,866 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,230 | €12,292 | -€14,938 | -54.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €224,451 | -€6,636 | -€231,087 | |
| Other operating charges | 640/8 | €9,745 | €31,271 | +€21,526 | +221% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | - | -€384,532 | -€384,532 | |
| Operating profit (loss) | 9901 | -€147,728 | -€729,435 | -€581,707 | -394% |
| Financial income | 75/76B | €2,668 | €6,318 | +€3,651 | +137% |
| Recurring financial income | 75 | €2,668 | €6,318 | +€3,651 | +137% |
| Other financial income | 752/9 | €2,668 | - | -€2,668 | |
| Financial charges | 65/66B | €36,233 | €18,840 | -€17,393 | -48.0% |
| Recurring financial charges | 65 | €36,233 | €18,840 | -€17,393 | -48.0% |
| Debt charges | 650 | €24,463 | - | -€24,463 | |
| Other financial charges | 652/9 | €11,770 | - | -€11,770 | |
| Profit (loss) for the period before taxes | 9903 | -€181,292 | -€741,956 | -€560,664 | -309% |
| Profit (loss) for the period | 9904 | -€181,292 | -€741,956 | -€560,664 | -309% |
| Profit (loss) for the period to be appropriated | 9905 | -€181,292 | -€741,956 | -€560,664 | -309% |
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 19 October 2026 via checked.be.