TIMTECH: 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.
TIMTECH
Largest movements
- Current investments -€126,862
down €126,862 (-1.8%), from €6.9m to €6.8m
- Cash -€88,988
down €88,988 (-16.6%), from €536,279 to €447,291
mainly Other debts (-€119,979) and Contributions, distributions and other (-€95,000)
- Other debts -€119,979
down €119,979 (-29.4%), from €407,987 to €288,008
- Financial income -€29,942
down €29,942 (-14.4%), from €208,520 to €178,577
of which Non-recurring financial income: -€16,559
- Financial charges -€19,156
down €19,156 (-46.2%), from €41,432 to €22,276
of which Non-recurring financial charges: -€18,550
- Depreciation +€13,726
up €13,726 (+29.9%), from €45,904 to €59,630
- Gross operating margin -€10,449
down €10,449 (-176%), from -€5,934 to -€16,383
- Taxes -€2,958
down €2,958 (-30.6%), from €9,666 to €6,708
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 | €8,597,180 | €8,432,402 | -€164,779 | -1.9% |
| Fixed assets | 21/28 | €1,124,833 | €1,152,333 | +€27,499 | +2.4% |
| Tangible fixed assets | 22/27 | €789,439 | €814,948 | +€25,508 | +3.2% |
| Land and buildings | 22 | €786,184 | €793,709 | +€7,525 | +1.0% |
| Plant, machinery and equipment | 23 | €3,020 | €2,979 | -€41 | -1.4% |
| Furniture and vehicles | 24 | €235 | €18,260 | +€18,024 | +7,656% |
| Financial fixed assets | 28 | €335,394 | €337,385 | +€1,991 | +0.6% |
| Current assets | 29/58 | €7,472,347 | €7,280,069 | -€192,278 | -2.6% |
| Amounts receivable within one year | 40/41 | €21,725 | €44,583 | +€22,858 | +105% |
| Trade receivables | 40 | - | €714 | +€714 | |
| Other amounts receivable | 41 | €21,725 | €43,869 | +€22,144 | +102% |
| Current investments | 50/53 | €6,914,343 | €6,787,481 | -€126,862 | -1.8% |
| Cash at bank and in hand | 54/58 | €536,279 | €447,291 | -€88,988 | -16.6% |
| Deferred charges and accrued income | 490/1 | - | €714 | +€714 | |
| Total equity and liabilities | 10/49 | €8,597,180 | €8,432,402 | -€164,779 | -1.9% |
| Equity | 10/15 | €8,153,130 | €8,117,081 | -€36,049 | -0.4% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €6,742,000 | €6,705,500 | -€36,500 | -0.5% |
| Distributable reserves | 133 | €6,742,000 | €6,705,500 | -€36,500 | -0.5% |
| Profit (loss) carried forward | 14 | €311,130 | €311,581 | +€451 | +0.1% |
| Amounts payable | 17/49 | €444,050 | €315,320 | -€128,729 | -29.0% |
| Amounts payable within one year | 42/48 | €417,017 | €291,493 | -€125,525 | -30.1% |
| Trade debts | 44 | €517 | €1,427 | +€910 | +176% |
| Suppliers | 440/4 | €517 | €1,427 | +€910 | +176% |
| Taxes, remuneration and social security | 45 | €8,514 | €2,058 | -€6,456 | -75.8% |
| Taxes | 450/3 | €8,514 | €2,058 | -€6,456 | -75.8% |
| Other amounts payable | 47/48 | €407,987 | €288,008 | -€119,979 | -29.4% |
| Accrued charges and deferred income | 492/3 | €27,032 | €23,828 | -€3,205 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,904 | €59,630 | +€13,726 | +29.9% |
| Other operating charges | 640/8 | €17,297 | €14,630 | -€2,667 | -15.4% |
| Gross operating margin | 9900 | -€5,934 | -€16,383 | -€10,449 | -176% |
| Operating profit (loss) | 9901 | -€69,135 | -€90,642 | -€21,507 | -31.1% |
| Financial income | 75/76B | €208,520 | €178,577 | -€29,942 | -14.4% |
| Recurring financial income | 75 | €189,970 | €176,586 | -€13,383 | -7.0% |
| Non-recurring financial income | 76B | €18,550 | €1,991 | -€16,559 | -89.3% |
| Financial charges | 65/66B | €41,432 | €22,276 | -€19,156 | -46.2% |
| Recurring financial charges | 65 | €22,882 | €22,276 | -€606 | -2.6% |
| Non-recurring financial charges | 66B | €18,550 | - | -€18,550 | |
| Profit (loss) for the period before taxes | 9903 | €97,952 | €65,659 | -€32,293 | -33.0% |
| Income taxes | 67/77 | €9,666 | €6,708 | -€2,958 | -30.6% |
| Profit (loss) for the period | 9904 | €88,287 | €58,951 | -€29,336 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,287 | €58,951 | -€29,336 | -33.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.