TIMMI: what changed
Two fiscal 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.
TIMMI
Largest movements
- Cash -€17,971
down €17,971 (-23.3%), from €77,201 to €59,230
mainly Receivables within one year (-€14,734) and Tax, wage and social debts (-€10,278)
- Receivables within one year +€14,734
up €14,734 (+135.3%), from €10,887 to €25,621
of which Trade receivables: +€18,128
- Deferred charges and accrued income +€6,164
new in 2025: €6,164
- Stocks and contracts +€1,886
up €1,886 (+43.1%), from €4,371 to €6,257
of which Stocks: +€1,022
- Profit (loss) carried forward +€19,752
up €19,752 (+26.8%), from €73,685 to €93,437
- Tax, wage and social debts -€10,278
no longer reported in 2025 (was €10,278)
- Trade debts -€3,833
no longer reported in 2025 (was €3,833)
- Gross operating margin +€20,410
up €20,410 (+32.7%), from €62,459 to €82,869
- Taxes +€18,438
up €18,438 (+477.7%), from €3,860 to €22,298
- Staff costs -€9,179
down €9,179 (-22.8%), from €40,310 to €31,131
- Other operating charges +€2,764
up €2,764 (+279.8%), from €988 to €3,752
- Depreciation -€2,449
down €2,449 (-28.4%), from €8,614 to €6,165
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.
Cash bridge derived
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 | €108,831 | €114,472 | +€5,641 | +5.2% |
| Fixed assets | 21/28 | €16,372 | €17,200 | +€828 | +5.1% |
| Tangible fixed assets | 22/27 | €15,997 | €16,825 | +€828 | +5.2% |
| Plant, machinery and equipment | 23 | €11,597 | €11,650 | +€53 | +0.5% |
| Furniture and vehicles | 24 | €4,400 | €5,175 | +€775 | +17.6% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €92,459 | €97,272 | +€4,813 | +5.2% |
| Stocks and contracts in progress | 3 | €4,371 | €6,257 | +€1,886 | +43.1% |
| Stocks | 30/36 | €4,371 | €5,393 | +€1,022 | +23.4% |
| Contracts in progress | 37 | - | €864 | +€864 | |
| Amounts receivable within one year | 40/41 | €10,887 | €25,621 | +€14,734 | +135.3% |
| Trade receivables | 40 | €4,306 | €22,434 | +€18,128 | +421.0% |
| Other amounts receivable | 41 | €6,581 | €3,187 | -€3,394 | -51.6% |
| Cash at bank and in hand | 54/58 | €77,201 | €59,230 | -€17,971 | -23.3% |
| Deferred charges and accrued income | 490/1 | - | €6,164 | +€6,164 | |
| Total equity and liabilities | 10/49 | €108,831 | €114,472 | +€5,641 | +5.2% |
| Equity | 10/15 | €94,720 | €114,472 | +€19,752 | +20.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €2,443 | €2,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,443 | €2,443 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,443 | €2,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,685 | €93,437 | +€19,752 | +26.8% |
| Amounts payable | 17/49 | €14,111 | - | -€14,111 | |
| Amounts payable within one year | 42/48 | €14,111 | - | -€14,111 | |
| Trade debts | 44 | €3,833 | - | -€3,833 | |
| Suppliers | 440/4 | €3,833 | - | -€3,833 | |
| Taxes, remuneration and social security | 45 | €10,278 | - | -€10,278 | |
| Remuneration and social security | 454/9 | €10,278 | - | -€10,278 | |
| Remuneration, social security and pensions | 62 | €40,310 | €31,131 | -€9,179 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,614 | €6,165 | -€2,449 | -28.4% |
| Other operating charges | 640/8 | €988 | €3,752 | +€2,764 | +279.8% |
| Gross operating margin | 9900 | €62,459 | €82,869 | +€20,410 | +32.7% |
| Operating profit (loss) | 9901 | €12,547 | €41,821 | +€29,274 | +233.3% |
| Financial income | 75/76B | €217 | €359 | +€142 | +65.4% |
| Recurring financial income | 75 | €217 | €359 | +€142 | +65.4% |
| Financial charges | 65/66B | €107 | €130 | +€23 | +21.5% |
| Recurring financial charges | 65 | €107 | €130 | +€23 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €12,657 | €42,050 | +€29,393 | +232.2% |
| Income taxes | 67/77 | €3,860 | €22,298 | +€18,438 | +477.7% |
| Profit (loss) for the period | 9904 | €8,797 | €19,752 | +€10,955 | +124.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,797 | €19,752 | +€10,955 | +124.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.