TIMORA: 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.
TIMORA
Largest movements
- Receivables within one year -€10,032
down €10,032 (-27.0%), from €37,167 to €27,135
of which Other amounts receivable: -€10,032
- Cash +€532
up €532 (+9652.6%), from €6 to €537
mainly Receivables within one year (+€10,032) and Trade debts (+€1,852)
- Reserves -€7,583
down €7,583 (-35.9%), from €21,135 to €13,552
of which Distributable reserves: -€7,583
- Tax, wage and social debts -€6,889
down €6,889 (-95.1%), from €7,244 to €355
- Trade debts +€1,852
up €1,852 (+18.9%), from €9,823 to €11,675
- Short-term financial debts +€1,338
new in 2025: €1,338
- Profit (loss) carried forward +€1,216
up €1,216, from -€1,216 to €0
- Gross operating margin -€35,173
down €35,173, from €29,003 to -€6,171
- Write-downs -€18,019
down €18,019 (-100.0%), from €18,019 to €0
- Taxes -€2,868
down €2,868, from €2,144 to -€725
- Other operating charges -€1,070
down €1,070 (-59.8%), from €1,790 to €720
- Financial income +€486
up €486 (+41.6%), from €1,168 to €1,654
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 | €43,187 | €33,120 | -€10,067 | -23.3% |
| Fixed assets | 21/28 | €247 | €0 | -€247 | -100.0% |
| Tangible fixed assets | 22/27 | €247 | €0 | -€247 | -100.0% |
| Furniture and vehicles | 24 | €247 | €0 | -€247 | -100.0% |
| Current assets | 29/58 | €42,940 | €33,120 | -€9,820 | -22.9% |
| Stocks and contracts in progress | 3 | €5,768 | €5,448 | -€320 | -5.5% |
| Stocks | 30/36 | €5,768 | €5,448 | -€320 | -5.5% |
| Amounts receivable within one year | 40/41 | €37,167 | €27,135 | -€10,032 | -27.0% |
| Trade receivables | 40 | €1,876 | €1,876 | = | 0.0% |
| Other amounts receivable | 41 | €35,291 | €25,259 | -€10,032 | -28.4% |
| Cash at bank and in hand | 54/58 | €6 | €537 | +€532 | +9652.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €43,187 | €33,120 | -€10,067 | -23.3% |
| Equity | 10/15 | €26,119 | €19,752 | -€6,368 | -24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,135 | €13,552 | -€7,583 | -35.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,275 | €11,692 | -€7,583 | -39.3% |
| Profit (loss) carried forward | 14 | -€1,216 | €0 | +€1,216 | |
| Amounts payable | 17/49 | €17,067 | €13,368 | -€3,699 | -21.7% |
| Amounts payable within one year | 42/48 | €17,067 | €13,368 | -€3,699 | -21.7% |
| Financial debts | 43 | - | €1,338 | +€1,338 | |
| Credit institutions | 430/8 | - | €1,338 | +€1,338 | |
| Trade debts | 44 | €9,823 | €11,675 | +€1,852 | +18.9% |
| Suppliers | 440/4 | €9,823 | €11,675 | +€1,852 | +18.9% |
| Taxes, remuneration and social security | 45 | €7,244 | €355 | -€6,889 | -95.1% |
| Taxes | 450/3 | €7,244 | €355 | -€6,889 | -95.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,400 | €0 | -€7,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | €247 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,019 | €0 | -€18,019 | -100.0% |
| Other operating charges | 640/8 | €1,790 | €720 | -€1,070 | -59.8% |
| Non-recurring operating charges | 66A | €3,591 | €1,117 | -€2,475 | -68.9% |
| Gross operating margin | 9900 | €29,003 | -€6,171 | -€35,173 | |
| Operating profit (loss) | 9901 | €5,355 | -€8,255 | -€13,610 | |
| Financial income | 75/76B | €1,168 | €1,654 | +€486 | +41.6% |
| Recurring financial income | 75 | €1,168 | €1,654 | +€486 | +41.6% |
| Financial charges | 65/66B | €907 | €492 | -€415 | -45.8% |
| Recurring financial charges | 65 | €907 | €492 | -€415 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €5,616 | -€7,092 | -€12,708 | |
| Income taxes | 67/77 | €2,144 | -€725 | -€2,868 | |
| Profit (loss) for the period | 9904 | €3,472 | -€6,368 | -€9,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,472 | -€6,368 | -€9,840 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.