TIMMERMAN JOKE: 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 JOKE
Largest movements
- Cash +€50,902
up €50,902 (+82.5%), from €61,673 to €112,575
mainly Net result for the year (+€79,436) and Depreciation (+€36,411)
- Tangible fixed assets -€26,643
down €26,643 (-2.7%), from €968,866 to €942,223
of which Land and buildings: -€28,534
- Reserves +€69,436
up €69,436 (+35.7%), from €194,698 to €264,134
- Debts after one year -€54,160
down €54,160 (-7.6%), from €715,299 to €661,139
- Other debts +€17,171
up €17,171 (+82.4%), from €20,827 to €37,998
- Gross operating margin +€26,273
up €26,273 (+19.8%), from €132,719 to €158,992
- Taxes +€8,117
up €8,117 (+34.4%), from €23,618 to €31,735
- Financial income +€2,039
up €2,039 (+116%), from €1,758 to €3,797
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 | €1,110,624 | €1,145,366 | +€34,742 | +3.1% |
| Fixed assets | 21/28 | €968,866 | €942,223 | -€26,643 | -2.7% |
| Tangible fixed assets | 22/27 | €968,866 | €942,223 | -€26,643 | -2.7% |
| Land and buildings | 22 | €964,109 | €935,575 | -€28,534 | -3.0% |
| Plant, machinery and equipment | 23 | €1,505 | €2,180 | +€675 | +44.8% |
| Furniture and vehicles | 24 | €3,251 | €4,468 | +€1,217 | +37.4% |
| Current assets | 29/58 | €141,759 | €203,143 | +€61,384 | +43.3% |
| Current investments | 50/53 | €80,086 | €90,568 | +€10,482 | +13.1% |
| Cash at bank and in hand | 54/58 | €61,673 | €112,575 | +€50,902 | +82.5% |
| Total equity and liabilities | 10/49 | €1,110,624 | €1,145,366 | +€34,742 | +3.1% |
| Equity | 10/15 | €304,698 | €374,134 | +€69,436 | +22.8% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €194,698 | €264,134 | +€69,436 | +35.7% |
| Distributable reserves | 133 | €194,698 | €264,134 | +€69,436 | +35.7% |
| Amounts payable | 17/49 | €805,927 | €771,232 | -€34,694 | -4.3% |
| Amounts payable after more than one year | 17 | €715,299 | €661,139 | -€54,160 | -7.6% |
| Financial debts | 170/4 | €715,299 | €661,139 | -€54,160 | -7.6% |
| Amounts payable within one year | 42/48 | €83,566 | €102,753 | +€19,188 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €53,329 | €54,160 | +€831 | +1.6% |
| Trade debts | 44 | €1,320 | - | -€1,320 | |
| Suppliers | 440/4 | €1,320 | - | -€1,320 | |
| Taxes, remuneration and social security | 45 | €8,090 | €10,596 | +€2,505 | +31.0% |
| Taxes | 450/3 | €8,090 | €10,596 | +€2,505 | +31.0% |
| Other amounts payable | 47/48 | €20,827 | €37,998 | +€17,171 | +82.4% |
| Accrued charges and deferred income | 492/3 | €7,062 | €7,340 | +€278 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,926 | €36,411 | -€1,515 | -4.0% |
| Other operating charges | 640/8 | €3,290 | €3,393 | +€103 | +3.1% |
| Gross operating margin | 9900 | €132,719 | €158,992 | +€26,273 | +19.8% |
| Operating profit (loss) | 9901 | €91,503 | €119,189 | +€27,686 | +30.3% |
| Financial income | 75/76B | €1,758 | €3,797 | +€2,039 | +116% |
| Recurring financial income | 75 | €1,758 | €3,797 | +€2,039 | +116% |
| Financial charges | 65/66B | €12,481 | €11,815 | -€666 | -5.3% |
| Recurring financial charges | 65 | €12,481 | €11,815 | -€666 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €80,780 | €111,171 | +€30,391 | +37.6% |
| Income taxes | 67/77 | €23,618 | €31,735 | +€8,117 | +34.4% |
| Profit (loss) for the period | 9904 | €57,162 | €79,436 | +€22,274 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,162 | €79,436 | +€22,274 | +39.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.