Timoti: 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.
Timoti
Largest movements
- Tangible fixed assets -€680,927
down €680,927 (-42.0%), from €1.6m to €939,358
of which Land and buildings: -€673,391
- Current investments +€540,000
new in 2025: €540,000
- Cash -€19,816
down €19,816 (-64.0%), from €30,943 to €11,127
mainly Current investments (-€540,000) and Debts after one year (-€288,239)
- Reserves +€408,540
up €408,540 (+66.2%), from €617,056 to €1.0m
of which Non-distributable reserves: +€440,208
- Debts after one year -€288,239
down €288,239 (-100.0%), from €288,239 to €0
- Other debts -€265,942
down €265,942 (-100.0%), from €265,942 to €0
- Tax, wage and social debts +€48,329
new in 2025: €48,329
- Current portion of long-term debt -€31,851
down €31,851 (-100.0%), from €31,851 to €0
- Gross operating margin +€598,129
up €598,129 (+1409.4%), from €42,440 to €640,569
- Taxes +€199,481
up €199,481 (+332467616.7%), from €0 to €199,481
- Depreciation -€19,583
down €19,583 (-38.5%), from €50,918 to €31,334
- Financial charges -€11,917
down €11,917 (-52.3%), from €22,806 to €10,889
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 | €1,651,237 | €1,490,494 | -€160,742 | -9.7% |
| Fixed assets | 21/28 | €1,620,285 | €939,358 | -€680,927 | -42.0% |
| Tangible fixed assets | 22/27 | €1,620,285 | €939,358 | -€680,927 | -42.0% |
| Land and buildings | 22 | €1,560,630 | €887,239 | -€673,391 | -43.1% |
| Plant, machinery and equipment | 23 | €59,654 | €52,119 | -€7,536 | -12.6% |
| Current assets | 29/58 | €30,952 | €551,137 | +€520,184 | +1680.6% |
| Amounts receivable within one year | 40/41 | €10 | €10 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Current investments | 50/53 | - | €540,000 | +€540,000 | |
| Cash at bank and in hand | 54/58 | €30,943 | €11,127 | -€19,816 | -64.0% |
| Total equity and liabilities | 10/49 | €1,651,237 | €1,490,494 | -€160,742 | -9.7% |
| Equity | 10/15 | €793,621 | €1,202,162 | +€408,540 | +51.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €617,056 | €1,025,597 | +€408,540 | +66.2% |
| Non-distributable reserves | 130/1 | - | €440,208 | +€440,208 | |
| Other | 1319 | - | €440,208 | +€440,208 | |
| Tax-exempt reserves | 132 | €602,056 | €570,389 | -€31,667 | -5.3% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,565 | €26,565 | = | 0.0% |
| Provisions and deferred taxes | 16 | €200,685 | €190,130 | -€10,556 | -5.3% |
| Deferred taxes | 168 | €200,685 | €190,130 | -€10,556 | -5.3% |
| Amounts payable | 17/49 | €656,930 | €98,203 | -€558,727 | -85.1% |
| Amounts payable after more than one year | 17 | €288,239 | €0 | -€288,239 | -100.0% |
| Financial debts | 170/4 | €288,239 | €0 | -€288,239 | -100.0% |
| Amounts payable within one year | 42/48 | €307,045 | €57,320 | -€249,725 | -81.3% |
| Current portion of amounts payable after more than one year | 42 | €31,851 | €0 | -€31,851 | -100.0% |
| Trade debts | 44 | €9,252 | €8,990 | -€262 | -2.8% |
| Suppliers | 440/4 | €9,252 | €8,990 | -€262 | -2.8% |
| Taxes, remuneration and social security | 45 | - | €48,329 | +€48,329 | |
| Taxes | 450/3 | - | €48,329 | +€48,329 | |
| Other amounts payable | 47/48 | €265,942 | €0 | -€265,942 | -100.0% |
| Accrued charges and deferred income | 492/3 | €61,646 | €40,883 | -€20,762 | -33.7% |
| Non-recurring operating income | 76A | - | €678,261 | +€678,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,918 | €31,334 | -€19,583 | -38.5% |
| Other operating charges | 640/8 | €9,419 | €5,527 | -€3,892 | -41.3% |
| Gross operating margin | 9900 | €42,440 | €640,569 | +€598,129 | +1409.4% |
| Operating profit (loss) | 9901 | -€17,897 | €603,707 | +€621,604 | |
| Financial income | 75/76B | €0 | €4,647 | +€4,647 | +1549030.0% |
| Recurring financial income | 75 | €0 | €4,647 | +€4,647 | +1549030.0% |
| Financial charges | 65/66B | €22,806 | €10,889 | -€11,917 | -52.3% |
| Recurring financial charges | 65 | €22,806 | €10,889 | -€11,917 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,703 | €597,465 | +€638,168 | |
| Transfer from deferred taxes | 780 | €10,556 | €10,556 | = | 0.0% |
| Income taxes | 67/77 | €0 | €199,481 | +€199,481 | +332467616.7% |
| Profit (loss) for the period | 9904 | -€30,147 | €408,540 | +€438,688 | |
| Transfer from tax-exempt reserves | 789 | €31,667 | €31,667 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,520 | €440,208 | +€438,688 | +28860.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.