TIMOTHEE: 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.
TIMOTHEE
Largest movements
- Tangible fixed assets -€16,080
down €16,080 (-34.2%), from €46,963 to €30,883
- Cash -€10,242
down €10,242 (-64.1%), from €15,989 to €5,747
mainly Debts after one year (-€9,960) and Receivables within one year (-€7,150)
- Receivables within one year +€7,150
up €7,150 (+152.9%), from €4,677 to €11,827
of which Other amounts receivable: +€5,598
- Deferred charges and accrued income +€1,052
up €1,052 (+232.4%), from €453 to €1,505
- Debts after one year -€9,960
down €9,960 (-32.7%), from €30,415 to €20,455
- Other debts -€7,113
down €7,113 (-90.0%), from €7,901 to €788
- Tax, wage and social debts -€3,423
down €3,423 (-40.1%), from €8,538 to €5,116
- Trade debts +€1,502
up €1,502 (+46.6%), from €3,223 to €4,725
- Depreciation +€3,450
up €3,450 (+46.7%), from €7,382 to €10,831
- Gross operating margin +€2,093
up €2,093 (+14.6%), from €14,323 to €16,417
- Financial charges +€1,220
up €1,220 (+319.1%), from €382 to €1,602
- Other operating charges -€809
down €809 (-50.1%), from €1,615 to €806
- Taxes -€284
down €284 (-9.6%), from €2,961 to €2,676
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 | €68,081 | €49,962 | -€18,120 | -26.6% |
| Fixed assets | 21/28 | €46,963 | €30,883 | -€16,080 | -34.2% |
| Tangible fixed assets | 22/27 | €46,963 | €30,883 | -€16,080 | -34.2% |
| Furniture and vehicles | 24 | €46,963 | €30,883 | -€16,080 | -34.2% |
| Current assets | 29/58 | €21,118 | €19,079 | -€2,039 | -9.7% |
| Amounts receivable within one year | 40/41 | €4,677 | €11,827 | +€7,150 | +152.9% |
| Trade receivables | 40 | €4,677 | €6,229 | +€1,552 | +33.2% |
| Other amounts receivable | 41 | - | €5,598 | +€5,598 | |
| Cash at bank and in hand | 54/58 | €15,989 | €5,747 | -€10,242 | -64.1% |
| Deferred charges and accrued income | 490/1 | €453 | €1,505 | +€1,052 | +232.4% |
| Total equity and liabilities | 10/49 | €68,081 | €49,962 | -€18,120 | -26.6% |
| Equity | 10/15 | €8,419 | €8,919 | +€500 | +5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,219 | €2,719 | +€500 | +22.6% |
| Amounts payable | 17/49 | €59,663 | €41,043 | -€18,620 | -31.2% |
| Amounts payable after more than one year | 17 | €30,415 | €20,455 | -€9,960 | -32.7% |
| Financial debts | 170/4 | €30,415 | €20,455 | -€9,960 | -32.7% |
| Amounts payable within one year | 42/48 | €29,248 | €20,588 | -€8,660 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €9,585 | €9,960 | +€375 | +3.9% |
| Trade debts | 44 | €3,223 | €4,725 | +€1,502 | +46.6% |
| Suppliers | 440/4 | €3,223 | €4,725 | +€1,502 | +46.6% |
| Taxes, remuneration and social security | 45 | €8,538 | €5,116 | -€3,423 | -40.1% |
| Taxes | 450/3 | €8,538 | €5,116 | -€3,423 | -40.1% |
| Other amounts payable | 47/48 | €7,901 | €788 | -€7,113 | -90.0% |
| Non-recurring operating income | 76A | - | €3,438 | +€3,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,382 | €10,831 | +€3,450 | +46.7% |
| Other operating charges | 640/8 | €1,615 | €806 | -€809 | -50.1% |
| Gross operating margin | 9900 | €14,323 | €16,417 | +€2,093 | +14.6% |
| Operating profit (loss) | 9901 | €5,326 | €4,779 | -€547 | -10.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €382 | €1,602 | +€1,220 | +319.1% |
| Recurring financial charges | 65 | €382 | €1,602 | +€1,220 | +319.1% |
| Profit (loss) for the period before taxes | 9903 | €4,945 | €3,177 | -€1,768 | -35.8% |
| Income taxes | 67/77 | €2,961 | €2,676 | -€284 | -9.6% |
| Profit (loss) for the period | 9904 | €1,984 | €500 | -€1,484 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,984 | €500 | -€1,484 | -74.8% |
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 9 October 2026 via checked.be.