TIMMERS DIDIER: 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.
TIMMERS DIDIER
Largest movements
- Tangible fixed assets +€16,809
up €16,809 (+17.5%), from €96,055 to €112,864
of which Plant, machinery and equipment: +€18,738
- Cash +€5,913
up €5,913 (+8.2%), from €72,301 to €78,214
mainly Net result for the year (+€31,823) and Depreciation (+€22,017)
- Reserves +€31,823
up €31,823 (+1,711%), from €1,860 to €33,683
- Debts after one year -€9,280
down €9,280 (-56.3%), from €16,475 to €7,195
- Staff costs -€66,962
down €66,962, from €63,963 to -€2,998
- Gross operating margin -€38,198
down €38,198 (-39.6%), from €96,340 to €58,141
- Depreciation -€4,319
down €4,319 (-16.4%), from €26,336 to €22,017
- Taxes +€3,418
up €3,418 (+813%), from €420 to €3,838
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 | €198,432 | €221,087 | +€22,655 | +11.4% |
| Fixed assets | 21/28 | €101,668 | €117,796 | +€16,128 | +15.9% |
| Intangible fixed assets | 21 | €5,612 | €4,932 | -€680 | -12.1% |
| Tangible fixed assets | 22/27 | €96,055 | €112,864 | +€16,809 | +17.5% |
| Plant, machinery and equipment | 23 | €93,818 | €112,557 | +€18,738 | +20.0% |
| Furniture and vehicles | 24 | €2,237 | €307 | -€1,930 | -86.3% |
| Current assets | 29/58 | €96,764 | €103,291 | +€6,527 | +6.7% |
| Stocks and contracts in progress | 3 | €1,246 | €3,303 | +€2,056 | +165% |
| Stocks | 30/36 | €1,246 | €3,303 | +€2,056 | +165% |
| Amounts receivable within one year | 40/41 | €15,545 | €16,033 | +€488 | +3.1% |
| Trade receivables | 40 | €10,668 | €5,966 | -€4,702 | -44.1% |
| Other amounts receivable | 41 | €4,877 | €10,067 | +€5,189 | +106% |
| Cash at bank and in hand | 54/58 | €72,301 | €78,214 | +€5,913 | +8.2% |
| Deferred charges and accrued income | 490/1 | €7,671 | €5,741 | -€1,930 | -25.2% |
| Total equity and liabilities | 10/49 | €198,432 | €221,087 | +€22,655 | +11.4% |
| Equity | 10/15 | €165,856 | €197,482 | +€31,625 | +19.1% |
| Contributions | 10/11 | €17,112 | €17,112 | = | 0.0% |
| Reserves | 13 | €1,860 | €33,683 | +€31,823 | +1,711% |
| Distributable reserves | 133 | €1,860 | €33,683 | +€31,823 | +1,711% |
| Profit (loss) carried forward | 14 | €146,505 | €146,505 | = | 0.0% |
| Investment grants | 15 | €379 | €181 | -€198 | -52.2% |
| Amounts payable | 17/49 | €32,575 | €23,605 | -€8,970 | -27.5% |
| Amounts payable after more than one year | 17 | €16,475 | €7,195 | -€9,280 | -56.3% |
| Financial debts | 170/4 | €16,475 | €7,195 | -€9,280 | -56.3% |
| Amounts payable within one year | 42/48 | €14,171 | €16,410 | +€2,239 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €8,934 | €9,280 | +€346 | +3.9% |
| Trade debts | 44 | €682 | €1,310 | +€628 | +92.1% |
| Suppliers | 440/4 | €682 | €1,310 | +€628 | +92.1% |
| Taxes, remuneration and social security | 45 | €4,556 | €5,820 | +€1,264 | +27.7% |
| Taxes | 450/3 | €1,110 | €2,220 | +€1,110 | +100% |
| Remuneration and social security | 454/9 | €3,446 | €3,600 | +€154 | +4.5% |
| Accrued charges and deferred income | 492/3 | €1,929 | - | -€1,929 | |
| Non-recurring operating income | 76A | €613 | €5,200 | +€4,587 | +749% |
| Remuneration, social security and pensions | 62 | €63,963 | -€2,998 | -€66,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,336 | €22,017 | -€4,319 | -16.4% |
| Other operating charges | 640/8 | €1,228 | €1,529 | +€301 | +24.5% |
| Non-recurring operating charges | 66A | €227 | €396 | +€169 | +74.3% |
| Gross operating margin | 9900 | €96,340 | €58,141 | -€38,198 | -39.6% |
| Operating profit (loss) | 9901 | €4,585 | €37,198 | +€32,613 | +711% |
| Financial income | 75/76B | €450 | €252 | -€199 | -44.1% |
| Recurring financial income | 75 | €450 | €252 | -€199 | -44.1% |
| Financial charges | 65/66B | €1,341 | €1,787 | +€447 | +33.3% |
| Recurring financial charges | 65 | €1,341 | €1,787 | +€447 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €3,694 | €35,662 | +€31,968 | +865% |
| Income taxes | 67/77 | €420 | €3,838 | +€3,418 | +813% |
| Profit (loss) for the period | 9904 | €3,274 | €31,823 | +€28,549 | +872% |
| Profit (loss) for the period to be appropriated | 9905 | €3,274 | €31,823 | +€28,549 | +872% |
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 23 October 2026 via checked.be.