TIMSOCK'S: 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.
TIMSOCK'S
Largest movements
- Cash -€47,063
down €47,063 (-89.5%), from €52,564 to €5,501
mainly Net result for the year (-€17,833) and Stocks and contracts (-€12,890)
- Stocks and contracts +€12,890
up €12,890 (+156%), from €8,257 to €21,147
- Receivables within one year +€6,228
new in 2024: €6,228
- Deferred charges and accrued income -€4,991
down €4,991 (-86.9%), from €5,744 to €753
- Tangible fixed assets -€920
down €920 (-39.1%), from €2,352 to €1,432
of which Plant, machinery and equipment: -€700
- Profit (loss) carried forward -€17,833
down €17,833 (-23.1%), from -€77,274 to -€95,107
- Other debts -€10,028
no longer reported in 2024 (was €10,028)
- Tax, wage and social debts -€3,011
down €3,011 (-86.8%), from €3,470 to €459
- Trade debts -€2,984
down €2,984 (-85.7%), from €3,481 to €497
- Turnover -€78,223
down €78,223 (-89.4%), from €87,452 to €9,229
- Purchases and services -€62,537
down €62,537 (-67.0%), from €93,355 to €30,818
- Gross operating margin -€20,353
down €20,353, from €7,465 to -€12,888
- Financial charges -€1,001
down €1,001 (-43.3%), from €2,312 to €1,311
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,917 | €35,061 | -€33,856 | -49.1% |
| Fixed assets | 21/28 | €2,352 | €1,432 | -€920 | -39.1% |
| Tangible fixed assets | 22/27 | €2,352 | €1,432 | -€920 | -39.1% |
| Plant, machinery and equipment | 23 | €1,260 | €560 | -€700 | -55.5% |
| Furniture and vehicles | 24 | €1,092 | €872 | -€220 | -20.1% |
| Current assets | 29/58 | €66,565 | €33,628 | -€32,937 | -49.5% |
| Stocks and contracts in progress | 3 | €8,257 | €21,147 | +€12,890 | +156% |
| Stocks | 30/36 | €8,257 | €21,147 | +€12,890 | +156% |
| Amounts receivable within one year | 40/41 | - | €6,228 | +€6,228 | |
| Other amounts receivable | 41 | - | €6,228 | +€6,228 | |
| Cash at bank and in hand | 54/58 | €52,564 | €5,501 | -€47,063 | -89.5% |
| Deferred charges and accrued income | 490/1 | €5,744 | €753 | -€4,991 | -86.9% |
| Total equity and liabilities | 10/49 | €68,917 | €35,061 | -€33,856 | -49.1% |
| Equity | 10/15 | €51,938 | €34,105 | -€17,833 | -34.3% |
| Contributions | 10/11 | €110,351 | €110,351 | = | 0.0% |
| Reserves | 13 | €18,861 | €18,861 | = | 0.0% |
| Distributable reserves | 133 | €18,861 | €18,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,274 | -€95,107 | -€17,833 | -23.1% |
| Amounts payable | 17/49 | €16,979 | €956 | -€16,023 | -94.4% |
| Amounts payable within one year | 42/48 | €16,979 | €956 | -€16,023 | -94.4% |
| Trade debts | 44 | €3,481 | €497 | -€2,984 | -85.7% |
| Suppliers | 440/4 | €3,481 | €497 | -€2,984 | -85.7% |
| Taxes, remuneration and social security | 45 | €3,470 | €459 | -€3,011 | -86.8% |
| Taxes | 450/3 | €3,470 | €459 | -€3,011 | -86.8% |
| Other amounts payable | 47/48 | €10,028 | - | -€10,028 | |
| Turnover | 70 | €87,452 | €9,229 | -€78,223 | -89.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,355 | €30,818 | -€62,537 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,204 | €920 | -€284 | -23.6% |
| Other operating charges | 640/8 | €2,852 | €2,192 | -€660 | -23.1% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €7,465 | -€12,888 | -€20,353 | |
| Operating profit (loss) | 9901 | €3,409 | -€16,063 | -€19,472 | |
| Financial income | 75/76B | €197 | - | -€197 | |
| Recurring financial income | 75 | €197 | - | -€197 | |
| Financial charges | 65/66B | €2,312 | €1,311 | -€1,001 | -43.3% |
| Recurring financial charges | 65 | €2,312 | €1,311 | -€1,001 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €1,293 | -€17,374 | -€18,668 | |
| Income taxes | 67/77 | €34 | €459 | +€425 | +1,244% |
| Profit (loss) for the period | 9904 | €1,259 | -€17,833 | -€19,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,259 | -€17,833 | -€19,093 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.