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
- Stocks and contracts -€682,899
down €682,899 (-29.0%), from €2.4m to €1.7m
- Cash +€349,511
up €349,511 (+2140.7%), from €16,327 to €365,838
mainly Short-term financial debts (+€774,302) and Stocks and contracts (+€682,899)
- Debts after one year -€1.1m
down €1.1m (-82.9%), from €1.3m to €226,000
- Short-term financial debts +€774,302
new in 2025: €774,302
- Profit (loss) carried forward -€167,696
down €167,696 (-40.8%), from €411,268 to €243,572
- Other debts +€159,286
up €159,286 (+35.3%), from €451,107 to €610,393
- Gross operating margin -€158,736
down €158,736, from €119,813 to -€38,923
- Financial charges -€27,186
down €27,186 (-25.2%), from €107,949 to €80,763
- Other operating charges -€5,052
down €5,052 (-10.8%), from €46,911 to €41,859
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 | €2,389,030 | €2,049,857 | -€339,173 | -14.2% |
| Fixed assets | 21/28 | €20,199 | €14,047 | -€6,152 | -30.5% |
| Tangible fixed assets | 22/27 | €20,199 | €14,047 | -€6,152 | -30.5% |
| Plant, machinery and equipment | 23 | €2,554 | €2,113 | -€441 | -17.3% |
| Furniture and vehicles | 24 | €17,645 | €11,934 | -€5,710 | -32.4% |
| Current assets | 29/58 | €2,368,831 | €2,035,810 | -€333,021 | -14.1% |
| Stocks and contracts in progress | 3 | €2,352,397 | €1,669,498 | -€682,899 | -29.0% |
| Stocks | 30/36 | €2,352,397 | €1,669,498 | -€682,899 | -29.0% |
| Amounts receivable within one year | 40/41 | €107 | €111 | +€4 | +3.8% |
| Trade receivables | 40 | - | €4 | +€4 | |
| Other amounts receivable | 41 | €107 | €107 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,327 | €365,838 | +€349,511 | +2140.7% |
| Deferred charges and accrued income | 490/1 | - | €363 | +€363 | |
| Total equity and liabilities | 10/49 | €2,389,030 | €2,049,857 | -€339,173 | -14.2% |
| Equity | 10/15 | €601,247 | €433,550 | -€167,696 | -27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,379 | €171,379 | = | 0.0% |
| Distributable reserves | 133 | €171,379 | €171,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,268 | €243,572 | -€167,696 | -40.8% |
| Amounts payable | 17/49 | €1,787,783 | €1,616,307 | -€171,477 | -9.6% |
| Amounts payable after more than one year | 17 | €1,324,500 | €226,000 | -€1.1m | -82.9% |
| Financial debts | 170/4 | €1,324,500 | €226,000 | -€1.1m | -82.9% |
| Amounts payable within one year | 42/48 | €463,283 | €1,390,307 | +€927,024 | +200.1% |
| Financial debts | 43 | - | €774,302 | +€774,302 | |
| Credit institutions | 430/8 | - | €774,302 | +€774,302 | |
| Trade debts | 44 | €7,109 | - | -€7,109 | |
| Suppliers | 440/4 | €7,109 | - | -€7,109 | |
| Taxes, remuneration and social security | 45 | €5,067 | €5,612 | +€544 | +10.7% |
| Taxes | 450/3 | €5,067 | €5,612 | +€544 | +10.7% |
| Other amounts payable | 47/48 | €451,107 | €610,393 | +€159,286 | +35.3% |
| Non-recurring operating income | 76A | €67,145 | - | -€67,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,369 | €6,152 | +€782 | +14.6% |
| Other operating charges | 640/8 | €46,911 | €41,859 | -€5,052 | -10.8% |
| Gross operating margin | 9900 | €119,813 | -€38,923 | -€158,736 | |
| Operating profit (loss) | 9901 | €67,533 | -€86,934 | -€154,467 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -58.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -58.8% |
| Financial charges | 65/66B | €107,949 | €80,763 | -€27,186 | -25.2% |
| Recurring financial charges | 65 | €107,949 | €80,763 | -€27,186 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,415 | -€167,696 | -€127,281 | -314.9% |
| Profit (loss) for the period | 9904 | -€40,415 | -€167,696 | -€127,281 | -314.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,415 | -€167,696 | -€127,281 | -314.9% |
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 7 October 2026 via checked.be.