TIMO SALES: 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.
TIMO SALES
Largest movements
- Deferred charges and accrued income +€169,457
up €169,457 (+2,865%), from €5,915 to €175,372
- Cash -€145,432
down €145,432 (-61.0%), from €238,482 to €93,050
mainly Deferred charges and accrued income (-€169,457) and Contributions, distributions and other (-€160,000)
- Receivables within one year -€116,602
down €116,602 (-74.5%), from €156,582 to €39,980
of which Other amounts receivable: -€60,509
- Tangible fixed assets -€14,936
down €14,936 (-4.8%), from €312,291 to €297,355
of which Land and buildings: -€28,666
- Debts after one year -€115,364
down €115,364 (-28.0%), from €412,123 to €296,759
- Tax, wage and social debts +€16,524
up €16,524 (+158%), from €10,466 to €26,990
of which Remuneration and social security: +€8,978
- Other operating charges -€37,302
down €37,302 (-90.7%), from €41,132 to €3,829
- Gross operating margin -€33,024
down €33,024 (-35.2%), from €93,724 to €60,700
- Financial income -€19,880
down €19,880 (-10.9%), from €181,780 to €161,900
- Taxes +€3,064
up €3,064 (+17.2%), from €17,865 to €20,930
- Financial charges -€1,029
down €1,029 (-6.3%), from €16,455 to €15,426
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 | €1,338,271 | €1,230,757 | -€107,513 | -8.0% |
| Fixed assets | 21/28 | €937,291 | €922,355 | -€14,936 | -1.6% |
| Tangible fixed assets | 22/27 | €312,291 | €297,355 | -€14,936 | -4.8% |
| Land and buildings | 22 | €302,425 | €273,759 | -€28,666 | -9.5% |
| Plant, machinery and equipment | 23 | €5,302 | €13,283 | +€7,981 | +151% |
| Furniture and vehicles | 24 | €4,564 | €10,313 | +€5,749 | +126% |
| Financial fixed assets | 28 | €625,000 | €625,000 | = | 0.0% |
| Current assets | 29/58 | €400,979 | €308,402 | -€92,577 | -23.1% |
| Amounts receivable within one year | 40/41 | €156,582 | €39,980 | -€116,602 | -74.5% |
| Trade receivables | 40 | €59,053 | €2,961 | -€56,093 | -95.0% |
| Other amounts receivable | 41 | €97,529 | €37,019 | -€60,509 | -62.0% |
| Cash at bank and in hand | 54/58 | €238,482 | €93,050 | -€145,432 | -61.0% |
| Deferred charges and accrued income | 490/1 | €5,915 | €175,372 | +€169,457 | +2,865% |
| Total equity and liabilities | 10/49 | €1,338,271 | €1,230,757 | -€107,513 | -8.0% |
| Equity | 10/15 | €721,430 | €708,968 | -€12,462 | -1.7% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €720,330 | €707,868 | -€12,462 | -1.7% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €716,330 | €703,868 | -€12,462 | -1.7% |
| Amounts payable | 17/49 | €616,841 | €521,790 | -€95,051 | -15.4% |
| Amounts payable after more than one year | 17 | €412,123 | €296,759 | -€115,364 | -28.0% |
| Financial debts | 170/4 | €412,123 | €296,759 | -€115,364 | -28.0% |
| Amounts payable within one year | 42/48 | €204,718 | €225,030 | +€20,313 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €142,511 | €137,004 | -€5,507 | -3.9% |
| Trade debts | 44 | €51,741 | €61,036 | +€9,295 | +18.0% |
| Suppliers | 440/4 | €51,741 | €61,036 | +€9,295 | +18.0% |
| Taxes, remuneration and social security | 45 | €10,466 | €26,990 | +€16,524 | +158% |
| Taxes | 450/3 | €10,272 | €17,818 | +€7,546 | +73.5% |
| Remuneration and social security | 454/9 | €194 | €9,173 | +€8,978 | +4,624% |
| Remuneration, social security and pensions | 62 | €584 | - | -€584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,717 | €34,877 | -€840 | -2.4% |
| Other operating charges | 640/8 | €41,132 | €3,829 | -€37,302 | -90.7% |
| Gross operating margin | 9900 | €93,724 | €60,700 | -€33,024 | -35.2% |
| Operating profit (loss) | 9901 | €16,291 | €21,994 | +€5,702 | +35.0% |
| Financial income | 75/76B | €181,780 | €161,900 | -€19,880 | -10.9% |
| Recurring financial income | 75 | €181,780 | €161,900 | -€19,880 | -10.9% |
| Financial charges | 65/66B | €16,455 | €15,426 | -€1,029 | -6.3% |
| Recurring financial charges | 65 | €16,455 | €15,426 | -€1,029 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €181,617 | €168,467 | -€13,149 | -7.2% |
| Income taxes | 67/77 | €17,865 | €20,930 | +€3,064 | +17.2% |
| Profit (loss) for the period | 9904 | €163,751 | €147,538 | -€16,213 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €163,751 | €147,538 | -€16,213 | -9.9% |
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 15 October 2026 via checked.be.