TIMMO: 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.
TIMMO
Largest movements
- Receivables within one year +€85,916
up €85,916 (+78.6%), from €109,333 to €195,249
- Cash +€21,705
up €21,705 (+244.8%), from €8,867 to €30,571
mainly Net result for the year (+€75,431) and Tax, wage and social debts (+€29,944)
- Reserves +€75,431
up €75,431 (+22.4%), from €336,806 to €412,237
of which Distributable reserves: +€75,431
- Provisions -€33,373
down €33,373 (-55.4%), from €60,273 to €26,899
- Tax, wage and social debts +€29,944
up €29,944 (+38.1%), from €78,586 to €108,530
of which Taxes: +€27,848
- Accrued charges and deferred income +€17,100
up €17,100 (+49.6%), from €34,453 to €51,553
- Trade debts +€15,983
up €15,983 (+64.5%), from €24,779 to €40,762
- Provisions -€60,273
no longer reported in 2025 (was €60,273)
- Gross operating margin -€43,721
down €43,721 (-17.3%), from €253,396 to €209,675
- Staff costs +€11,018
up €11,018 (+36.9%), from €29,834 to €40,852
- Write-downs +€9,050
up €9,050 (+56.7%), from €15,950 to €25,000
- Other operating charges -€7,978
down €7,978 (-30.8%), from €25,916 to €17,939
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 | €807,314 | €912,876 | +€105,562 | +13.1% |
| Fixed assets | 21/28 | €368,546 | €364,430 | -€4,116 | -1.1% |
| Tangible fixed assets | 22/27 | €362,954 | €358,838 | -€4,116 | -1.1% |
| Land and buildings | 22 | €324,813 | €328,088 | +€3,275 | +1.0% |
| Plant, machinery and equipment | 23 | €36,856 | €30,329 | -€6,527 | -17.7% |
| Furniture and vehicles | 24 | €1,285 | €422 | -€864 | -67.2% |
| Financial fixed assets | 28 | €5,592 | €5,592 | = | 0.0% |
| Current assets | 29/58 | €438,768 | €548,446 | +€109,678 | +25.0% |
| Amounts receivable after more than one year | 29 | €320,568 | €322,625 | +€2,057 | +0.6% |
| Other amounts receivable | 291 | €320,568 | €322,625 | +€2,057 | +0.6% |
| Amounts receivable within one year | 40/41 | €109,333 | €195,249 | +€85,916 | +78.6% |
| Trade receivables | 40 | €109,333 | €195,249 | +€85,916 | +78.6% |
| Cash at bank and in hand | 54/58 | €8,867 | €30,571 | +€21,705 | +244.8% |
| Total equity and liabilities | 10/49 | €807,314 | €912,876 | +€105,562 | +13.1% |
| Equity | 10/15 | €471,984 | €547,415 | +€75,431 | +16.0% |
| 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 | €336,806 | €412,237 | +€75,431 | +22.4% |
| Non-distributable reserves | 130/1 | €25,490 | €25,490 | = | 0.0% |
| Legal reserve | 130 | €12,524 | €12,524 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,967 | - | -€12,967 | |
| Other | 1319 | - | €12,967 | +€12,967 | |
| Distributable reserves | 133 | €311,316 | €386,747 | +€75,431 | +24.2% |
| Profit (loss) carried forward | 14 | €73,178 | €73,178 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,273 | €26,899 | -€33,373 | -55.4% |
| Provisions for liabilities and charges | 160/5 | €60,273 | €26,899 | -€33,373 | -55.4% |
| Taxes | 161 | €60,273 | €26,899 | -€33,373 | -55.4% |
| Amounts payable | 17/49 | €275,058 | €338,562 | +€63,504 | +23.1% |
| Amounts payable after more than one year | 17 | €48,067 | €34,628 | -€13,439 | -28.0% |
| Financial debts | 170/4 | €48,067 | €34,628 | -€13,439 | -28.0% |
| Amounts payable within one year | 42/48 | €192,537 | €252,381 | +€59,843 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €13,210 | €13,439 | +€229 | +1.7% |
| Trade debts | 44 | €24,779 | €40,762 | +€15,983 | +64.5% |
| Suppliers | 440/4 | €24,779 | €40,762 | +€15,983 | +64.5% |
| Taxes, remuneration and social security | 45 | €78,586 | €108,530 | +€29,944 | +38.1% |
| Taxes | 450/3 | €71,356 | €99,204 | +€27,848 | +39.0% |
| Remuneration and social security | 454/9 | €7,230 | €9,326 | +€2,096 | +29.0% |
| Other amounts payable | 47/48 | €75,962 | €89,649 | +€13,687 | +18.0% |
| Accrued charges and deferred income | 492/3 | €34,453 | €51,553 | +€17,100 | +49.6% |
| Remuneration, social security and pensions | 62 | €29,834 | €40,852 | +€11,018 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,537 | €10,041 | +€503 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,950 | €25,000 | +€9,050 | +56.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €60,273 | - | -€60,273 | |
| Other operating charges | 640/8 | €25,916 | €17,939 | -€7,978 | -30.8% |
| Gross operating margin | 9900 | €253,396 | €209,675 | -€43,721 | -17.3% |
| Operating profit (loss) | 9901 | €111,886 | €115,843 | +€3,958 | +3.5% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €1,946 | €2,491 | +€545 | +28.0% |
| Recurring financial charges | 65 | €1,946 | €2,491 | +€545 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €109,960 | €113,352 | +€3,393 | +3.1% |
| Income taxes | 67/77 | €37,408 | €37,921 | +€514 | +1.4% |
| Profit (loss) for the period | 9904 | €72,552 | €75,431 | +€2,879 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,552 | €75,431 | +€2,879 | +4.0% |
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 2 October 2026 via checked.be.