TIMMERMANS PATRICK: 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 PATRICK
Largest movements
- Receivables within one year -€90,150
down €90,150 (-89.9%), from €100,240 to €10,090
of which Trade receivables: -€93,301
- Cash +€58,079
up €58,079 (+2,706%), from €2,146 to €60,225
mainly Receivables within one year (+€90,150) and Depreciation (+€12,773)
- Tangible fixed assets -€11,096
down €11,096 (-57.4%), from €19,321 to €8,225
of which Furniture and vehicles: -€12,638
- Tax, wage and social debts -€26,937
down €26,937 (-99.1%), from €27,169 to €232
of which Remuneration and social security: -€19,433
- Trade debts -€10,468
down €10,468 (-66.4%), from €15,756 to €5,288
- Debts after one year -€9,980
down €9,980 (-62.9%), from €15,861 to €5,881
- Other debts +€3,033
up €3,033 (+8.5%), from €35,858 to €38,891
- Other operating charges +€7,905
up €7,905 (+134%), from €5,888 to €13,793
- Gross operating margin +€5,916
up €5,916 (+24.7%), from €23,909 to €29,825
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,685 | €89,385 | -€43,300 | -32.6% |
| Fixed assets | 21/28 | €19,346 | €8,250 | -€11,096 | -57.4% |
| Tangible fixed assets | 22/27 | €19,321 | €8,225 | -€11,096 | -57.4% |
| Plant, machinery and equipment | 23 | €0 | €1,542 | +€1,542 | |
| Furniture and vehicles | 24 | €19,321 | €6,683 | -€12,638 | -65.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €113,339 | €81,136 | -€32,203 | -28.4% |
| Stocks and contracts in progress | 3 | €7,590 | €8,231 | +€641 | +8.5% |
| Stocks | 30/36 | €7,590 | €8,231 | +€641 | +8.5% |
| Amounts receivable within one year | 40/41 | €100,240 | €10,090 | -€90,150 | -89.9% |
| Trade receivables | 40 | €99,946 | €6,644 | -€93,301 | -93.4% |
| Other amounts receivable | 41 | €294 | €3,445 | +€3,151 | +1,072% |
| Cash at bank and in hand | 54/58 | €2,146 | €60,225 | +€58,079 | +2,706% |
| Deferred charges and accrued income | 490/1 | €3,364 | €2,590 | -€774 | -23.0% |
| Total equity and liabilities | 10/49 | €132,685 | €89,385 | -€43,300 | -32.6% |
| Equity | 10/15 | €28,189 | €29,113 | +€924 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,589 | €10,513 | +€924 | +9.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €7,729 | €10,513 | +€2,784 | +36.0% |
| Amounts payable | 17/49 | €104,496 | €60,272 | -€44,224 | -42.3% |
| Amounts payable after more than one year | 17 | €15,861 | €5,881 | -€9,980 | -62.9% |
| Financial debts | 170/4 | €15,861 | €5,881 | -€9,980 | -62.9% |
| Amounts payable within one year | 42/48 | €88,635 | €54,391 | -€34,244 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €9,852 | €9,980 | +€128 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,756 | €5,288 | -€10,468 | -66.4% |
| Suppliers | 440/4 | €15,756 | €5,288 | -€10,468 | -66.4% |
| Taxes, remuneration and social security | 45 | €27,169 | €232 | -€26,937 | -99.1% |
| Taxes | 450/3 | €7,736 | €232 | -€7,504 | -97.0% |
| Remuneration and social security | 454/9 | €19,433 | €0 | -€19,433 | -100% |
| Other amounts payable | 47/48 | €35,858 | €38,891 | +€3,033 | +8.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €12,773 | -€273 | -2.1% |
| Other operating charges | 640/8 | €5,888 | €13,793 | +€7,905 | +134% |
| Gross operating margin | 9900 | €23,909 | €29,825 | +€5,916 | +24.7% |
| Operating profit (loss) | 9901 | €4,975 | €3,258 | -€1,717 | -34.5% |
| Financial income | 75/76B | €5 | €31 | +€26 | +541% |
| Recurring financial income | 75 | €5 | €31 | +€26 | +541% |
| Financial charges | 65/66B | €2,176 | €2,133 | -€43 | -2.0% |
| Recurring financial charges | 65 | €2,176 | €2,133 | -€43 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | €1,156 | -€1,647 | -58.8% |
| Income taxes | 67/77 | €374 | €232 | -€142 | -38.1% |
| Profit (loss) for the period | 9904 | €2,429 | €924 | -€1,505 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,429 | €924 | -€1,505 | -61.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.