Timut: 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.
Timut
Largest movements
- Receivables within one year -€4,479
down €4,479 (-28.5%), from €15,718 to €11,239
of which Trade receivables: -€3,735
- Debts after one year -€26,429
no longer reported in 2025 (was €26,429)
- Advances received +€20,203
new in 2025: €20,203
- Current portion of long-term debt -€3,612
down €3,612 (-12.0%), from €30,041 to €26,429
- Gross operating margin -€13,695
down €13,695 (-42.7%), from €32,099 to €18,404
- Financial charges -€5,166
down €5,166 (-43.1%), from €11,975 to €6,809
of which Non-recurring financial charges: -€7,609
- Other operating charges +€3,527
up €3,527 (+434.3%), from €812 to €4,339
- Taxes -€1,917
down €1,917 (-45.3%), from €4,228 to €2,311
- Staff costs +€800
new in 2025: €800
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 | €325,737 | €317,644 | -€8,093 | -2.5% |
| Fixed assets | 21/28 | €306,433 | €303,777 | -€2,656 | -0.9% |
| Tangible fixed assets | 22/27 | €6,433 | €3,777 | -€2,656 | -41.3% |
| Plant, machinery and equipment | 23 | €6,433 | €3,777 | -€2,656 | -41.3% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €19,304 | €13,867 | -€5,436 | -28.2% |
| Amounts receivable within one year | 40/41 | €15,718 | €11,239 | -€4,479 | -28.5% |
| Trade receivables | 40 | €3,735 | - | -€3,735 | |
| Other amounts receivable | 41 | €11,984 | €11,239 | -€744 | -6.2% |
| Cash at bank and in hand | 54/58 | €3,053 | €2,585 | -€469 | -15.3% |
| Deferred charges and accrued income | 490/1 | €532 | €43 | -€489 | -91.8% |
| Total equity and liabilities | 10/49 | €325,737 | €317,644 | -€8,093 | -2.5% |
| Equity | 10/15 | €251,760 | €253,249 | +€1,489 | +0.6% |
| Contributions | 10/11 | €344,072 | €344,072 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,312 | -€90,823 | +€1,489 | +1.6% |
| Amounts payable | 17/49 | €73,977 | €64,395 | -€9,581 | -13.0% |
| Amounts payable after more than one year | 17 | €26,429 | - | -€26,429 | |
| Financial debts | 170/4 | €26,429 | - | -€26,429 | |
| Amounts payable within one year | 42/48 | €47,548 | €64,395 | +€16,847 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €30,041 | €26,429 | -€3,612 | -12.0% |
| Trade debts | 44 | €6,175 | €6,368 | +€194 | +3.1% |
| Suppliers | 440/4 | €6,175 | €6,368 | +€194 | +3.1% |
| Advances received on contracts in progress | 46 | - | €20,203 | +€20,203 | |
| Taxes, remuneration and social security | 45 | €11,333 | €10,160 | -€1,173 | -10.3% |
| Taxes | 450/3 | €11,333 | €10,160 | -€1,173 | -10.3% |
| Other amounts payable | 47/48 | - | €1,236 | +€1,236 | |
| Remuneration, social security and pensions | 62 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,656 | €2,656 | +€0 | 0.0% |
| Other operating charges | 640/8 | €812 | €4,339 | +€3,527 | +434.3% |
| Gross operating margin | 9900 | €32,099 | €18,404 | -€13,695 | -42.7% |
| Operating profit (loss) | 9901 | €28,630 | €10,609 | -€18,022 | -62.9% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €11,975 | €6,809 | -€5,166 | -43.1% |
| Recurring financial charges | 65 | €4,366 | €6,809 | +€2,443 | +55.9% |
| Non-recurring financial charges | 66B | €7,609 | - | -€7,609 | |
| Profit (loss) for the period before taxes | 9903 | €16,678 | €3,800 | -€12,878 | -77.2% |
| Income taxes | 67/77 | €4,228 | €2,311 | -€1,917 | -45.3% |
| Profit (loss) for the period | 9904 | €12,449 | €1,489 | -€10,960 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,449 | €1,489 | -€10,960 | -88.0% |
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 1 October 2026 via checked.be.