TIMNUS: 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.
TIMNUS
Largest movements
- Receivables within one year -€12,632
down €12,632 (-45.3%), from €27,897 to €15,264
of which Trade receivables: -€12,723
- Cash +€8,861
up €8,861 (+56.0%), from €15,837 to €24,698
mainly Net result for the year (+€63,891) and Receivables within one year (+€12,632)
- Reserves +€63,891
up €63,891 (+20.7%), from €308,860 to €372,751
- Other debts -€53,461
down €53,461 (-96.3%), from €55,515 to €2,054
- Trade debts -€11,786
down €11,786 (-97.4%), from €12,095 to €309
- Gross operating margin +€55,777
up €55,777 (+149.6%), from €37,291 to €93,068
- Taxes +€21,189
up €21,189 (+176.5%), from €12,007 to €33,196
- Financial charges -€2,110
down €2,110 (-65.2%), from €3,235 to €1,125
- Other operating charges +€1,058
up €1,058 (+273.2%), from €387 to €1,446
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 | €446,823 | €446,363 | -€460 | -0.1% |
| Fixed assets | 21/28 | €3,079 | €6,040 | +€2,961 | +96.2% |
| Tangible fixed assets | 22/27 | €3,079 | €6,040 | +€2,961 | +96.2% |
| Furniture and vehicles | 24 | €878 | €4,220 | +€3,342 | +380.7% |
| Other tangible fixed assets | 26 | €2,201 | €1,820 | -€381 | -17.3% |
| Current assets | 29/58 | €443,745 | €440,323 | -€3,421 | -0.8% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,897 | €15,264 | -€12,632 | -45.3% |
| Trade receivables | 40 | €27,897 | €15,173 | -€12,723 | -45.6% |
| Other amounts receivable | 41 | - | €91 | +€91 | |
| Cash at bank and in hand | 54/58 | €15,837 | €24,698 | +€8,861 | +56.0% |
| Deferred charges and accrued income | 490/1 | €11 | €361 | +€350 | +3239.0% |
| Total equity and liabilities | 10/49 | €446,823 | €446,363 | -€460 | -0.1% |
| Equity | 10/15 | €328,740 | €392,631 | +€63,891 | +19.4% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €308,860 | €372,751 | +€63,891 | +20.7% |
| Distributable reserves | 133 | €308,860 | €372,751 | +€63,891 | +20.7% |
| Profit (loss) carried forward | 14 | €13,556 | €13,556 | = | 0.0% |
| Amounts payable | 17/49 | €118,083 | €53,732 | -€64,351 | -54.5% |
| Amounts payable within one year | 42/48 | €117,979 | €53,732 | -€64,246 | -54.5% |
| Trade debts | 44 | €12,095 | €309 | -€11,786 | -97.4% |
| Suppliers | 440/4 | €12,095 | €309 | -€11,786 | -97.4% |
| Taxes, remuneration and social security | 45 | €50,369 | €51,369 | +€1,000 | +2.0% |
| Taxes | 450/3 | €50,369 | €51,369 | +€1,000 | +2.0% |
| Other amounts payable | 47/48 | €55,515 | €2,054 | -€53,461 | -96.3% |
| Accrued charges and deferred income | 492/3 | €105 | €0 | -€105 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,951 | €1,410 | -€541 | -27.7% |
| Other operating charges | 640/8 | €387 | €1,446 | +€1,058 | +273.2% |
| Gross operating margin | 9900 | €37,291 | €93,068 | +€55,777 | +149.6% |
| Operating profit (loss) | 9901 | €34,952 | €90,212 | +€55,260 | +158.1% |
| Financial income | 75/76B | €8,000 | €8,000 | +€0 | 0.0% |
| Recurring financial income | 75 | €8,000 | €8,000 | +€0 | 0.0% |
| Financial charges | 65/66B | €3,235 | €1,125 | -€2,110 | -65.2% |
| Recurring financial charges | 65 | €3,235 | €1,125 | -€2,110 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €39,717 | €97,087 | +€57,370 | +144.4% |
| Income taxes | 67/77 | €12,007 | €33,196 | +€21,189 | +176.5% |
| Profit (loss) for the period | 9904 | €27,710 | €63,891 | +€36,181 | +130.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,710 | €63,891 | +€36,181 | +130.6% |
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 10 October 2026 via checked.be.