Timothy: 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.
Timothy
Largest movements
- Cash +€43,652
up €43,652 (+44.2%), from €98,871 to €142,523
mainly Net result for the year (+€88,245) and Tax, wage and social debts (+€8,213)
- Receivables within one year +€33,449
up €33,449 (+277.3%), from €12,064 to €45,513
of which Trade receivables: +€36,290
- Reserves +€88,245
up €88,245 (+109.3%), from €80,703 to €168,948
- Other debts -€17,634
down €17,634 (-98.8%), from €17,853 to €219
- Tax, wage and social debts +€8,213
up €8,213 (+105.2%), from €7,803 to €16,016
- Gross operating margin +€7,754
up €7,754 (+7.4%), from €104,554 to €112,308
- Taxes +€1,774
up €1,774 (+8.0%), from €22,255 to €24,030
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 | €111,470 | €188,571 | +€77,100 | +69.2% |
| Fixed assets | 21/28 | €535 | €535 | = | 0.0% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €110,935 | €188,036 | +€77,100 | +69.5% |
| Amounts receivable within one year | 40/41 | €12,064 | €45,513 | +€33,449 | +277.3% |
| Trade receivables | 40 | €9,219 | €45,509 | +€36,290 | +393.7% |
| Other amounts receivable | 41 | €2,846 | €5 | -€2,841 | -99.8% |
| Cash at bank and in hand | 54/58 | €98,871 | €142,523 | +€43,652 | +44.2% |
| Total equity and liabilities | 10/49 | €111,470 | €188,571 | +€77,100 | +69.2% |
| Equity | 10/15 | €83,203 | €171,448 | +€88,245 | +106.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €80,703 | €168,948 | +€88,245 | +109.3% |
| Distributable reserves | 133 | €80,703 | €168,948 | +€88,245 | +109.3% |
| Amounts payable | 17/49 | €28,267 | €17,122 | -€11,145 | -39.4% |
| Amounts payable within one year | 42/48 | €28,267 | €17,122 | -€11,145 | -39.4% |
| Trade debts | 44 | €2,610 | €887 | -€1,724 | -66.0% |
| Suppliers | 440/4 | €2,610 | €887 | -€1,724 | -66.0% |
| Taxes, remuneration and social security | 45 | €7,803 | €16,016 | +€8,213 | +105.2% |
| Taxes | 450/3 | €7,803 | €16,016 | +€8,213 | +105.2% |
| Other amounts payable | 47/48 | €17,853 | €219 | -€17,634 | -98.8% |
| Non-recurring operating income | 76A | - | €1,232 | +€1,232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €0 | -€950 | -100.0% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €104,554 | €112,308 | +€7,754 | +7.4% |
| Operating profit (loss) | 9901 | €102,714 | €111,788 | +€9,074 | +8.8% |
| Financial income | 75/76B | €386 | €595 | +€209 | +54.0% |
| Recurring financial income | 75 | €386 | €595 | +€209 | +54.0% |
| Financial charges | 65/66B | €142 | €109 | -€33 | -23.3% |
| Recurring financial charges | 65 | €142 | €109 | -€33 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €102,959 | €112,275 | +€9,316 | +9.0% |
| Income taxes | 67/77 | €22,255 | €24,030 | +€1,774 | +8.0% |
| Profit (loss) for the period | 9904 | €80,703 | €88,245 | +€7,542 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,703 | €88,245 | +€7,542 | +9.3% |
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 12 October 2026 via checked.be.