TIMUR: 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.
TIMUR
Largest movements
- Cash +€732
up €732 (+60.3%), from €1,214 to €1,947
mainly Net result for the year (+€36,230) and Depreciation (+€674)
- Tangible fixed assets -€674
down €674 (-53.2%), from €1,268 to €594
- Profit (loss) carried forward +€36,230
up €36,230 (+26.4%), from -€137,459 to -€101,229
- Trade debts -€35,814
down €35,814 (-58.5%), from €61,217 to €25,403
- Gross operating margin -€8,115
down €8,115 (-17.3%), from €46,792 to €38,677
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 | €60,023 | €60,239 | +€216 | +0.4% |
| Fixed assets | 21/28 | €1,268 | €594 | -€674 | -53.2% |
| Tangible fixed assets | 22/27 | €1,268 | €594 | -€674 | -53.2% |
| Other tangible fixed assets | 26 | €1,268 | €594 | -€674 | -53.2% |
| Current assets | 29/58 | €58,755 | €59,645 | +€890 | +1.5% |
| Amounts receivable within one year | 40/41 | €57,541 | €57,698 | +€158 | +0.3% |
| Trade receivables | 40 | €4,653 | €4,653 | = | 0.0% |
| Other amounts receivable | 41 | €52,888 | €53,045 | +€158 | +0.3% |
| Cash at bank and in hand | 54/58 | €1,214 | €1,947 | +€732 | +60.3% |
| Total equity and liabilities | 10/49 | €60,023 | €60,239 | +€216 | +0.4% |
| Equity | 10/15 | -€118,867 | -€82,637 | +€36,230 | +30.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,459 | -€101,229 | +€36,230 | +26.4% |
| Amounts payable | 17/49 | €178,890 | €142,876 | -€36,014 | -20.1% |
| Amounts payable after more than one year | 17 | €10,742 | €10,742 | = | 0.0% |
| Other amounts payable | 178/9 | €10,742 | €10,742 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,661 | €29,647 | -€36,014 | -54.8% |
| Trade debts | 44 | €61,217 | €25,403 | -€35,814 | -58.5% |
| Suppliers | 440/4 | €61,217 | €25,403 | -€35,814 | -58.5% |
| Other amounts payable | 47/48 | €4,444 | €4,244 | -€200 | -4.5% |
| Accrued charges and deferred income | 492/3 | €102,487 | €102,487 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €674 | = | 0.0% |
| Other operating charges | 640/8 | €2,052 | €1,606 | -€446 | -21.7% |
| Gross operating margin | 9900 | €46,792 | €38,677 | -€8,115 | -17.3% |
| Operating profit (loss) | 9901 | €44,065 | €36,397 | -€7,668 | -17.4% |
| Financial charges | 65/66B | €153 | €167 | +€14 | +8.9% |
| Recurring financial charges | 65 | €153 | €167 | +€14 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €43,912 | €36,230 | -€7,682 | -17.5% |
| Profit (loss) for the period | 9904 | €43,912 | €36,230 | -€7,682 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,912 | €36,230 | -€7,682 | -17.5% |
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 15 October 2026 via checked.be.