TIMMERMAN ELS: 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.
TIMMERMAN ELS
Largest movements
- Cash -€18,552
down €18,552 (-3.7%), from €507,755 to €489,203
mainly Contributions, distributions and other (-€61,470) and Other debts (-€59,290)
- Tangible fixed assets -€16,078
down €16,078 (-31.6%), from €50,801 to €34,723
of which Plant, machinery and equipment: -€14,490
- Other debts -€59,290
down €59,290 (-49.1%), from €120,760 to €61,470
- Reserves +€29,671
up €29,671 (+6.9%), from €431,973 to €461,643
- Trade debts -€6,639
down €6,639 (-30.5%), from €21,742 to €15,103
- Financial income +€15,890
up €15,890 (+1,090%), from €1,457 to €17,347
- Taxes +€11,598
up €11,598 (+36.3%), from €31,954 to €43,552
- Gross operating margin +€4,330
up €4,330 (+3.3%), from €130,701 to €135,031
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 | €587,443 | €553,566 | -€33,877 | -5.8% |
| Fixed assets | 21/28 | €50,826 | €34,748 | -€16,078 | -31.6% |
| Tangible fixed assets | 22/27 | €50,801 | €34,723 | -€16,078 | -31.6% |
| Plant, machinery and equipment | 23 | €45,130 | €30,640 | -€14,490 | -32.1% |
| Furniture and vehicles | 24 | €4,307 | €3,841 | -€466 | -10.8% |
| Other tangible fixed assets | 26 | €1,364 | €242 | -€1,122 | -82.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €536,617 | €518,817 | -€17,799 | -3.3% |
| Amounts receivable within one year | 40/41 | €27,740 | €28,397 | +€657 | +2.4% |
| Trade receivables | 40 | €5,507 | €4,672 | -€835 | -15.2% |
| Other amounts receivable | 41 | €22,233 | €23,726 | +€1,492 | +6.7% |
| Cash at bank and in hand | 54/58 | €507,755 | €489,203 | -€18,552 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,122 | €1,217 | +€95 | +8.5% |
| Total equity and liabilities | 10/49 | €587,443 | €553,566 | -€33,877 | -5.8% |
| Equity | 10/15 | €444,373 | €474,043 | +€29,671 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €431,973 | €461,643 | +€29,671 | +6.9% |
| Distributable reserves | 133 | €431,973 | €461,643 | +€29,671 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,070 | €79,522 | -€63,548 | -44.4% |
| Amounts payable within one year | 42/48 | €142,502 | €79,522 | -€62,980 | -44.2% |
| Trade debts | 44 | €21,742 | €15,103 | -€6,639 | -30.5% |
| Suppliers | 440/4 | €21,742 | €15,103 | -€6,639 | -30.5% |
| Taxes, remuneration and social security | 45 | - | €2,949 | +€2,949 | |
| Remuneration and social security | 454/9 | - | €2,949 | +€2,949 | |
| Other amounts payable | 47/48 | €120,760 | €61,470 | -€59,290 | -49.1% |
| Accrued charges and deferred income | 492/3 | €568 | €0 | -€568 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,027 | €16,078 | +€1,051 | +7.0% |
| Other operating charges | 640/8 | €711 | €723 | +€12 | +1.8% |
| Gross operating margin | 9900 | €130,701 | €135,031 | +€4,330 | +3.3% |
| Operating profit (loss) | 9901 | €114,963 | €118,229 | +€3,267 | +2.8% |
| Financial income | 75/76B | €1,457 | €17,347 | +€15,890 | +1,090% |
| Recurring financial income | 75 | €1,457 | €17,347 | +€15,890 | +1,090% |
| Financial charges | 65/66B | €1,402 | €884 | -€519 | -37.0% |
| Recurring financial charges | 65 | €1,402 | €884 | -€519 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €115,017 | €134,693 | +€19,675 | +17.1% |
| Income taxes | 67/77 | €31,954 | €43,552 | +€11,598 | +36.3% |
| Profit (loss) for the period | 9904 | €83,064 | €91,141 | +€8,077 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,064 | €91,141 | +€8,077 | +9.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.