Timmermans frères: what changed
What changed
Timmermans frères
NACE 43.341, Painting of buildings
not consecutivefiled annual accounts (NBB)
Net result for the year
€6,183
2023 · -€2,415+€8,597
Equity
€106,650
2023 · €100,274+€6,376
Cash
€74,829
2023 · €68,186+€6,643
Balance sheet total
€110,163
2023 · €101,476+€8,687
Largest movements
Assets
- Cash +€6,643
up €6,643 (+9.7%), from €68,186 to €74,829
- Tangible fixed assets +€2,082
up €2,082 (+7.6%), from €27,268 to €29,350
of which Furniture and vehicles: +€2,082
Equity and liabilities
- Profit (loss) carried forward +€6,376
up €6,376 (+40.0%), from -€15,937 to -€9,561
- Trade debts +€1,997
up €1,997 (+346%), from €576 to €2,574
Income statement
- Staff costs -€4,809
down €4,809 (-71.6%), from €6,715 to €1,906
- Gross operating margin +€3,974
up €3,974 (+67.8%), from €5,862 to €9,837
- Other operating charges +€580
up €580 (+72.0%), from €805 to €1,385
- Financial charges -€394
down €394 (-52.1%), from €757 to €363
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€2,415
Gross operating margin
+€3,974
Staff costs
+€4,809
Other operating charges
-€580
Financial income
-€0
Financial charges
+€394
Result 2025
€6,183
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,476 | €110,163 | +€8,687 | +8.6% |
| Fixed assets | 21/28 | €27,268 | €29,350 | +€2,082 | +7.6% |
| Tangible fixed assets | 22/27 | €27,268 | €29,350 | +€2,082 | +7.6% |
| Land and buildings | 22 | €27,268 | €27,268 | = | 0.0% |
| Furniture and vehicles | 24 | - | €2,082 | +€2,082 | |
| Current assets | 29/58 | €74,208 | €80,813 | +€6,605 | +8.9% |
| Amounts receivable within one year | 40/41 | €5,859 | €5,984 | +€126 | +2.1% |
| Trade receivables | 40 | €3,213 | €5,065 | +€1,852 | +57.6% |
| Other amounts receivable | 41 | €2,646 | €920 | -€1,726 | -65.2% |
| Cash at bank and in hand | 54/58 | €68,186 | €74,829 | +€6,643 | +9.7% |
| Deferred charges and accrued income | 490/1 | €164 | €0 | -€164 | -100% |
| Total equity and liabilities | 10/49 | €101,476 | €110,163 | +€8,687 | +8.6% |
| Equity | 10/15 | €100,274 | €106,650 | +€6,376 | +6.4% |
| Contributions | 10/11 | €55,600 | €55,600 | = | 0.0% |
| Capital | 10 | €55,600 | - | -€55,600 | |
| Issued capital | 100 | €55,600 | - | -€55,600 | |
| Revaluation surpluses | 12 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €38,301 | €38,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,426 | €20,426 | = | 0.0% |
| Legal reserve | 130 | €20,426 | - | -€20,426 | |
| Reserves not available under the articles | 1311 | - | €20,426 | +€20,426 | |
| Tax-exempt reserves | 132 | €8,180 | €8,180 | = | 0.0% |
| Distributable reserves | 133 | €9,694 | €9,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,937 | -€9,561 | +€6,376 | +40.0% |
| Amounts payable | 17/49 | €1,202 | €3,513 | +€2,311 | +192% |
| Amounts payable within one year | 42/48 | €1,202 | €3,513 | +€2,311 | +192% |
| Trade debts | 44 | €576 | €2,574 | +€1,997 | +346% |
| Suppliers | 440/4 | €576 | €2,574 | +€1,997 | +346% |
| Taxes, remuneration and social security | 45 | €528 | €0 | -€528 | -100% |
| Taxes | 450/3 | €306 | €0 | -€306 | -100% |
| Remuneration and social security | 454/9 | €221 | - | -€221 | |
| Other amounts payable | 47/48 | €98 | €939 | +€841 | +862% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €6,715 | €1,906 | -€4,809 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | = | |
| Other operating charges | 640/8 | €805 | €1,385 | +€580 | +72.0% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €5,862 | €9,837 | +€3,974 | +67.8% |
| Operating profit (loss) | 9901 | -€1,658 | €6,545 | +€8,203 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €757 | €363 | -€394 | -52.1% |
| Recurring financial charges | 65 | €757 | €363 | -€394 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,415 | €6,183 | +€8,597 | |
| Profit (loss) for the period | 9904 | -€2,415 | €6,183 | +€8,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,415 | €6,183 | +€8,597 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.