TIMMERMANS 1845: 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.
TIMMERMANS 1845
Largest movements
- Stocks and contracts -€23,772
down €23,772 (-7.2%), from €329,242 to €305,469
- Tangible fixed assets +€14,087
up €14,087 (+13.7%), from €102,666 to €116,753
of which Land and buildings: +€19,744
- Cash -€14,051
down €14,051 (-37.3%), from €37,654 to €23,603
mainly Investment in fixed assets (net) (-€35,468) and Trade debts (-€23,843)
- Intangible fixed assets -€6,506
down €6,506 (-71.3%), from €9,126 to €2,620
- Trade debts -€23,843
down €23,843 (-54.0%), from €44,188 to €20,344
- Profit (loss) carried forward -€14,950
down €14,950 (-4.1%), from -€364,988 to -€379,938
- Debts after one year +€8,746
up €8,746 (+1.2%), from €730,802 to €739,548
- Staff costs +€5,369
up €5,369 (+3.7%), from €143,233 to €148,601
- Other operating charges +€4,355
up €4,355 (+628%), from €693 to €5,048
- Financial income +€3,251
up €3,251 (+683%), from €476 to €3,727
- Gross operating margin +€2,782
up €2,782 (+1.7%), from €168,540 to €171,322
- Depreciation -€2,522
down €2,522 (-8.3%), from €30,409 to €27,887
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 | €483,408 | €455,175 | -€28,233 | -5.8% |
| Fixed assets | 21/28 | €111,792 | €119,374 | +€7,581 | +6.8% |
| Intangible fixed assets | 21 | €9,126 | €2,620 | -€6,506 | -71.3% |
| Tangible fixed assets | 22/27 | €102,666 | €116,753 | +€14,087 | +13.7% |
| Land and buildings | 22 | €76,718 | €96,462 | +€19,744 | +25.7% |
| Plant, machinery and equipment | 23 | €3,956 | €2,813 | -€1,143 | -28.9% |
| Furniture and vehicles | 24 | €21,993 | €17,479 | -€4,514 | -20.5% |
| Current assets | 29/58 | €371,615 | €335,801 | -€35,814 | -9.6% |
| Stocks and contracts in progress | 3 | €329,242 | €305,469 | -€23,772 | -7.2% |
| Stocks | 30/36 | €329,242 | €305,469 | -€23,772 | -7.2% |
| Amounts receivable within one year | 40/41 | €4,120 | €6,129 | +€2,009 | +48.8% |
| Trade receivables | 40 | €3,003 | €4,820 | +€1,817 | +60.5% |
| Other amounts receivable | 41 | €1,117 | €1,309 | +€192 | +17.2% |
| Cash at bank and in hand | 54/58 | €37,654 | €23,603 | -€14,051 | -37.3% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €483,408 | €455,175 | -€28,233 | -5.8% |
| Equity | 10/15 | -€314,765 | -€329,714 | -€14,950 | -4.7% |
| Contributions | 10/11 | €50,223 | €50,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€364,988 | -€379,938 | -€14,950 | -4.1% |
| Amounts payable | 17/49 | €798,172 | €784,889 | -€13,283 | -1.7% |
| Amounts payable after more than one year | 17 | €730,802 | €739,548 | +€8,746 | +1.2% |
| Financial debts | 170/4 | €730,802 | €739,548 | +€8,746 | +1.2% |
| Amounts payable within one year | 42/48 | €67,370 | €45,341 | -€22,029 | -32.7% |
| Financial debts | 43 | - | €104 | +€104 | |
| Credit institutions | 430/8 | - | €104 | +€104 | |
| Trade debts | 44 | €44,188 | €20,344 | -€23,843 | -54.0% |
| Suppliers | 440/4 | €44,188 | €20,344 | -€23,843 | -54.0% |
| Taxes, remuneration and social security | 45 | €23,183 | €24,893 | +€1,710 | +7.4% |
| Taxes | 450/3 | €13,995 | €15,442 | +€1,447 | +10.3% |
| Remuneration and social security | 454/9 | €9,187 | €9,451 | +€263 | +2.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €143,233 | €148,601 | +€5,369 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,409 | €27,887 | -€2,522 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€248 | -€2,228 | -€1,979 | -797% |
| Other operating charges | 640/8 | €693 | €5,048 | +€4,355 | +628% |
| Gross operating margin | 9900 | €168,540 | €171,322 | +€2,782 | +1.7% |
| Operating profit (loss) | 9901 | -€5,546 | -€7,986 | -€2,440 | -44.0% |
| Financial income | 75/76B | €476 | €3,727 | +€3,251 | +683% |
| Recurring financial income | 75 | €476 | €3,727 | +€3,251 | +683% |
| Financial charges | 65/66B | €10,568 | €10,690 | +€122 | +1.2% |
| Recurring financial charges | 65 | €10,568 | €10,690 | +€122 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,639 | -€14,950 | +€689 | +4.4% |
| Profit (loss) for the period | 9904 | -€15,639 | -€14,950 | +€689 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,639 | -€14,950 | +€689 | +4.4% |
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 17 October 2026 via checked.be.