TIMMERMANS: 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
TIMMERMANS
NACE 01.471, Crop and animal production, hunting and related service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€889,311
2024 · €427,382+€461,929
Equity
€2.6m
2024 · €1.8m+€775,239
Cash
€121,394
2024 · €101,793+€19,601
Balance sheet total
€2.6m
2024 · €2.1m+€504,918
Largest movements
Assets
- Tangible fixed assets +€197,610
up €197,610 (+168%), from €117,294 to €314,904
of which Plant, machinery and equipment: +€126,455
- Stocks and contracts +€160,439
up €160,439 (+64.4%), from €249,156 to €409,594
- Current investments +€133,937
up €133,937 (+52.4%), from €255,683 to €389,620
Equity and liabilities
- Reserves +€765,311
up €765,311 (+43.2%), from €1.8m to €2.5m
- Other debts -€144,945
down €144,945 (-95.1%), from €152,385 to €7,441
- Debts after one year -€80,000
no longer reported in 2025 (was €80,000)
- Tax, wage and social debts -€42,639
down €42,639 (-56.7%), from €75,234 to €32,594
of which Taxes: -€42,539
Income statement
- Gross operating margin +€683,110
up €683,110 (+99.2%), from €688,366 to €1.4m
- Taxes +€212,147
up €212,147 (+117%), from €181,492 to €393,640
- Financial charges +€13,938
up €13,938 (+153%), from €9,099 to €23,037
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
€427,382
Gross operating margin
+€683,110
Staff costs
+€9,499
Depreciation
-€11,435
Other operating charges
+€122
Other operating items
-€1,450
Financial income
+€7,873
Financial charges
-€13,938
Taxes
-€212,147
Deferred taxes and other
+€295
Result 2025
€889,311
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
+€577,166
Investment
-€363,493
Financing
-€194,072
Cash 2024
€101,793
From operations (derived)
+€577,166
Net result for the year
+€889,311
Depreciation
+€33,413
Receivables after one year
-€20,000
Stocks and contracts
-€160,439
Receivables within one year
+€25,791
Smaller working-capital items
-€67
Trade debts
-€16,843
Tax, wage and social debts
-€42,639
Other debts
-€144,945
Accrued charges and deferred income
+€13,583
Investment (derived)
-€363,493
Investment in fixed assets (net)
-€229,555
Current investments
-€133,937
Financing
-€194,072
Debts after one year
-€80,000
Contributions, distributions and other
-€114,072
Cash 2025
€121,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,137,442 | €2,642,360 | +€504,918 | +23.6% |
| Fixed assets | 21/28 | €119,012 | €315,154 | +€196,142 | +165% |
| Intangible fixed assets | 21 | €1,468 | - | -€1,468 | |
| Tangible fixed assets | 22/27 | €117,294 | €314,904 | +€197,610 | +168% |
| Land and buildings | 22 | €47,277 | €40,644 | -€6,633 | -14.0% |
| Plant, machinery and equipment | 23 | €68,568 | €195,022 | +€126,455 | +184% |
| Furniture and vehicles | 24 | - | €77,338 | +€77,338 | |
| Other tangible fixed assets | 26 | €1,450 | €1,900 | +€450 | +31.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €2,018,430 | €2,327,206 | +€308,775 | +15.3% |
| Amounts receivable after more than one year | 29 | €710,000 | €730,000 | +€20,000 | +2.8% |
| Other amounts receivable | 291 | €710,000 | €730,000 | +€20,000 | +2.8% |
| Stocks and contracts in progress | 3 | €249,156 | €409,594 | +€160,439 | +64.4% |
| Stocks | 30/36 | €249,156 | €409,594 | +€160,439 | +64.4% |
| Amounts receivable within one year | 40/41 | €689,532 | €663,741 | -€25,791 | -3.7% |
| Trade receivables | 40 | €185,804 | €129,548 | -€56,256 | -30.3% |
| Other amounts receivable | 41 | €503,729 | €534,193 | +€30,465 | +6.0% |
| Current investments | 50/53 | €255,683 | €389,620 | +€133,937 | +52.4% |
| Cash at bank and in hand | 54/58 | €101,793 | €121,394 | +€19,601 | +19.3% |
| Deferred charges and accrued income | 490/1 | €12,266 | €12,856 | +€590 | +4.8% |
| Total equity and liabilities | 10/49 | €2,137,442 | €2,642,360 | +€504,918 | +23.6% |
| Equity | 10/15 | €1,792,001 | €2,567,240 | +€775,239 | +43.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,773,409 | €2,538,720 | +€765,311 | +43.2% |
| Distributable reserves | 133 | €1,773,409 | €2,538,720 | +€765,311 | +43.2% |
| Investment grants | 15 | - | €9,928 | +€9,928 | |
| Provisions and deferred taxes | 16 | - | €523 | +€523 | |
| Deferred taxes | 168 | - | €523 | +€523 | |
| Amounts payable | 17/49 | €345,442 | €74,597 | -€270,844 | -78.4% |
| Amounts payable after more than one year | 17 | €80,000 | - | -€80,000 | |
| Financial debts | 170/4 | €80,000 | - | -€80,000 | |
| Amounts payable within one year | 42/48 | €264,817 | €60,389 | -€204,427 | -77.2% |
| Trade debts | 44 | €37,197 | €20,354 | -€16,843 | -45.3% |
| Suppliers | 440/4 | €37,197 | €20,354 | -€16,843 | -45.3% |
| Taxes, remuneration and social security | 45 | €75,234 | €32,594 | -€42,639 | -56.7% |
| Taxes | 450/3 | €69,075 | €26,536 | -€42,539 | -61.6% |
| Remuneration and social security | 454/9 | €6,159 | €6,059 | -€100 | -1.6% |
| Other amounts payable | 47/48 | €152,385 | €7,441 | -€144,945 | -95.1% |
| Accrued charges and deferred income | 492/3 | €625 | €14,208 | +€13,583 | +2,173% |
| Non-recurring operating income | 76A | - | €7,330 | +€7,330 | |
| Remuneration, social security and pensions | 62 | €60,224 | €50,724 | -€9,499 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,978 | €33,413 | +€11,435 | +52.0% |
| Other operating charges | 640/8 | €11,585 | €11,463 | -€122 | -1.1% |
| Non-recurring operating charges | 66A | - | €1,450 | +€1,450 | |
| Gross operating margin | 9900 | €688,366 | €1,371,476 | +€683,110 | +99.2% |
| Operating profit (loss) | 9901 | €594,579 | €1,274,425 | +€679,846 | +114% |
| Financial income | 75/76B | €23,394 | €31,267 | +€7,873 | +33.7% |
| Recurring financial income | 75 | €23,394 | €31,267 | +€7,873 | +33.7% |
| Financial charges | 65/66B | €9,099 | €23,037 | +€13,938 | +153% |
| Recurring financial charges | 65 | €9,099 | €23,037 | +€13,938 | +153% |
| Profit (loss) for the period before taxes | 9903 | €608,875 | €1,282,656 | +€673,781 | +111% |
| Transfer from deferred taxes | 780 | - | €295 | +€295 | |
| Income taxes | 67/77 | €181,492 | €393,640 | +€212,147 | +117% |
| Profit (loss) for the period | 9904 | €427,382 | €889,311 | +€461,929 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €427,382 | €889,311 | +€461,929 | +108% |
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 16 October 2026 via checked.be.