Timmermans Y: 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 Y
Largest movements
- Cash +€66,910
up €66,910 (+39.2%), from €170,763 to €237,673
mainly Net result for the year (+€232,825) and Other debts (+€35,241)
- Tangible fixed assets -€22,369
down €22,369 (-12.6%), from €178,077 to €155,708
- Receivables within one year -€12,085
down €12,085 (-23.0%), from €52,576 to €40,491
of which Trade receivables: -€11,265
- Other debts +€35,241
up €35,241 (+16.2%), from €217,716 to €252,956
- Profit (loss) carried forward -€17,175
down €17,175 (-24.3%), from €70,606 to €53,431
- Trade debts +€11,837
up €11,837 (+118%), from €10,042 to €21,879
- Gross operating margin +€74,421
up €74,421 (+24.9%), from €299,176 to €373,597
- Taxes +€18,989
up €18,989 (+32.1%), from €59,201 to €78,190
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 | €405,340 | €439,505 | +€34,165 | +8.4% |
| Fixed assets | 21/28 | €178,077 | €155,708 | -€22,369 | -12.6% |
| Tangible fixed assets | 22/27 | €178,077 | €155,708 | -€22,369 | -12.6% |
| Land and buildings | 22 | €94,874 | €88,471 | -€6,402 | -6.7% |
| Plant, machinery and equipment | 23 | €1,975 | €2,248 | +€272 | +13.8% |
| Furniture and vehicles | 24 | €29,742 | €18,617 | -€11,126 | -37.4% |
| Other tangible fixed assets | 26 | €51,486 | €46,372 | -€5,114 | -9.9% |
| Current assets | 29/58 | €227,263 | €283,797 | +€56,534 | +24.9% |
| Stocks and contracts in progress | 3 | €2,039 | €4,860 | +€2,822 | +138% |
| Stocks | 30/36 | €2,039 | €4,860 | +€2,822 | +138% |
| Amounts receivable within one year | 40/41 | €52,576 | €40,491 | -€12,085 | -23.0% |
| Trade receivables | 40 | €50,056 | €38,791 | -€11,265 | -22.5% |
| Other amounts receivable | 41 | €2,520 | €1,700 | -€820 | -32.5% |
| Cash at bank and in hand | 54/58 | €170,763 | €237,673 | +€66,910 | +39.2% |
| Deferred charges and accrued income | 490/1 | €1,886 | €773 | -€1,112 | -59.0% |
| Total equity and liabilities | 10/49 | €405,340 | €439,505 | +€34,165 | +8.4% |
| Equity | 10/15 | €145,988 | €128,812 | -€17,175 | -11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,382 | €13,382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,182 | €7,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,606 | €53,431 | -€17,175 | -24.3% |
| Amounts payable | 17/49 | €259,353 | €310,693 | +€51,340 | +19.8% |
| Amounts payable within one year | 42/48 | €259,353 | €310,693 | +€51,340 | +19.8% |
| Trade debts | 44 | €10,042 | €21,879 | +€11,837 | +118% |
| Suppliers | 440/4 | €10,042 | €21,879 | +€11,837 | +118% |
| Taxes, remuneration and social security | 45 | €31,595 | €35,857 | +€4,262 | +13.5% |
| Taxes | 450/3 | €29,262 | €32,895 | +€3,634 | +12.4% |
| Remuneration and social security | 454/9 | €2,333 | €2,962 | +€629 | +27.0% |
| Other amounts payable | 47/48 | €217,716 | €252,956 | +€35,241 | +16.2% |
| Remuneration, social security and pensions | 62 | €38,541 | €39,539 | +€998 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,526 | €27,426 | +€900 | +3.4% |
| Other operating charges | 640/8 | €9,373 | €8,250 | -€1,123 | -12.0% |
| Gross operating margin | 9900 | €299,176 | €373,597 | +€74,421 | +24.9% |
| Operating profit (loss) | 9901 | €224,735 | €298,381 | +€73,646 | +32.8% |
| Financial income | 75/76B | €11,268 | €13,041 | +€1,773 | +15.7% |
| Recurring financial income | 75 | €11,268 | €13,041 | +€1,773 | +15.7% |
| Financial charges | 65/66B | €366 | €407 | +€41 | +11.3% |
| Recurring financial charges | 65 | €366 | €407 | +€41 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €235,637 | €311,015 | +€75,377 | +32.0% |
| Income taxes | 67/77 | €59,201 | €78,190 | +€18,989 | +32.1% |
| Profit (loss) for the period | 9904 | €176,436 | €232,825 | +€56,389 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,436 | €232,825 | +€56,389 | +32.0% |
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 28 October 2026 via checked.be.