Timothy Van Dessel Services: 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 Van Dessel Services
Largest movements
- Receivables within one year +€87,463
up €87,463 (+46.0%), from €190,322 to €277,785
of which Other amounts receivable: +€83,957
- Tangible fixed assets -€9,070
down €9,070 (-2.2%), from €411,985 to €402,915
of which Land and buildings: -€10,323
- Short-term financial debts +€68,472
up €68,472, from €0 to €68,472
- Reserves +€44,557
up €44,557 (+27.1%), from €164,166 to €208,723
- Debts after one year -€31,877
down €31,877 (-9.2%), from €344,829 to €312,952
- Trade debts -€12,610
down €12,610 (-100%), from €12,610 to €0
- Gross operating margin -€11,533
down €11,533 (-12.2%), from €94,916 to €83,383
- Taxes -€3,305
down €3,305 (-16.4%), from €20,113 to €16,807
- Financial income +€2,430
up €2,430 (+27.3%), from €8,915 to €11,346
- Financial charges -€1,956
down €1,956 (-12.4%), from €15,821 to €13,865
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 | €612,729 | €682,521 | +€69,792 | +11.4% |
| Fixed assets | 21/28 | €411,985 | €402,915 | -€9,070 | -2.2% |
| Tangible fixed assets | 22/27 | €411,985 | €402,915 | -€9,070 | -2.2% |
| Land and buildings | 22 | €403,839 | €393,515 | -€10,323 | -2.6% |
| Furniture and vehicles | 24 | €8,146 | €9,400 | +€1,254 | +15.4% |
| Current assets | 29/58 | €200,744 | €279,606 | +€78,862 | +39.3% |
| Amounts receivable within one year | 40/41 | €190,322 | €277,785 | +€87,463 | +46.0% |
| Trade receivables | 40 | €4,500 | €8,005 | +€3,505 | +77.9% |
| Other amounts receivable | 41 | €185,822 | €269,779 | +€83,957 | +45.2% |
| Cash at bank and in hand | 54/58 | €7,616 | €1,200 | -€6,416 | -84.2% |
| Deferred charges and accrued income | 490/1 | €2,806 | €621 | -€2,185 | -77.9% |
| Total equity and liabilities | 10/49 | €612,729 | €682,521 | +€69,792 | +11.4% |
| Equity | 10/15 | €182,766 | €227,323 | +€44,557 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,166 | €208,723 | +€44,557 | +27.1% |
| Distributable reserves | 133 | €164,166 | €208,723 | +€44,557 | +27.1% |
| Amounts payable | 17/49 | €429,963 | €455,198 | +€25,235 | +5.9% |
| Amounts payable after more than one year | 17 | €344,829 | €312,952 | -€31,877 | -9.2% |
| Financial debts | 170/4 | €344,829 | €312,952 | -€31,877 | -9.2% |
| Amounts payable within one year | 42/48 | €83,516 | €142,246 | +€58,730 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | €34,958 | €36,854 | +€1,896 | +5.4% |
| Financial debts | 43 | €0 | €68,472 | +€68,472 | |
| Credit institutions | 430/8 | €0 | €68,472 | +€68,472 | |
| Trade debts | 44 | €12,610 | €0 | -€12,610 | -100% |
| Suppliers | 440/4 | €12,610 | €0 | -€12,610 | -100% |
| Taxes, remuneration and social security | 45 | €35,948 | €36,920 | +€972 | +2.7% |
| Taxes | 450/3 | €35,948 | €36,920 | +€972 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,618 | €0 | -€1,618 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,271 | €14,683 | +€412 | +2.9% |
| Other operating charges | 640/8 | €4,060 | €4,817 | +€756 | +18.6% |
| Gross operating margin | 9900 | €94,916 | €83,383 | -€11,533 | -12.2% |
| Operating profit (loss) | 9901 | €76,585 | €63,884 | -€12,701 | -16.6% |
| Financial income | 75/76B | €8,915 | €11,346 | +€2,430 | +27.3% |
| Recurring financial income | 75 | €8,915 | €11,346 | +€2,430 | +27.3% |
| Financial charges | 65/66B | €15,821 | €13,865 | -€1,956 | -12.4% |
| Recurring financial charges | 65 | €15,821 | €13,865 | -€1,956 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €69,679 | €61,364 | -€8,315 | -11.9% |
| Income taxes | 67/77 | €20,113 | €16,807 | -€3,305 | -16.4% |
| Profit (loss) for the period | 9904 | €49,567 | €44,557 | -€5,010 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,567 | €44,557 | -€5,010 | -10.1% |
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 25 October 2026 via checked.be.