TIMVEST: 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.
TIMVEST
Largest movements
- Receivables within one year +€4.0m
up €4.0m (+416.9%), from €960,300 to €5.0m
- Other debts +€4.0m
up €4.0m (+35.9%), from €11.2m to €15.2m
- Gross operating margin -€322
down €322 (-78.7%), from -€408 to -€730
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 | €11,248,211 | €15,276,274 | +€4.0m | +35.8% |
| Fixed assets | 21/28 | €10,287,911 | €10,287,911 | = | 0.0% |
| Financial fixed assets | 28 | €10,287,911 | €10,287,911 | = | 0.0% |
| Current assets | 29/58 | €960,300 | €4,988,363 | +€4.0m | +419.5% |
| Amounts receivable within one year | 40/41 | €960,300 | €4,963,432 | +€4.0m | +416.9% |
| Other amounts receivable | 41 | €960,300 | €4,963,432 | +€4.0m | +416.9% |
| Cash at bank and in hand | 54/58 | - | €24,932 | +€24,932 | |
| Total equity and liabilities | 10/49 | €11,248,211 | €15,276,274 | +€4.0m | +35.8% |
| Equity | 10/15 | €44,781 | €47,114 | +€2,333 | +5.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | - | -€100,000 | |
| Other | 1109/19 | €100,000 | - | -€100,000 | |
| Profit (loss) carried forward | 14 | -€55,219 | -€52,886 | +€2,333 | +4.2% |
| Amounts payable | 17/49 | €11,203,430 | €15,229,160 | +€4.0m | +35.9% |
| Amounts payable within one year | 42/48 | €11,203,359 | €15,228,760 | +€4.0m | +35.9% |
| Trade debts | 44 | €163 | €493 | +€330 | +202.4% |
| Suppliers | 440/4 | €163 | €493 | +€330 | +202.4% |
| Other amounts payable | 47/48 | €11,203,196 | €15,228,267 | +€4.0m | +35.9% |
| Accrued charges and deferred income | 492/3 | €71 | €400 | +€329 | +463.0% |
| Gross operating margin | 9900 | -€408 | -€730 | -€322 | -78.7% |
| Operating profit (loss) | 9901 | -€408 | -€730 | -€322 | -78.7% |
| Financial income | 75/76B | €3,132 | €3,132 | = | 0.0% |
| Recurring financial income | 75 | €3,132 | €3,132 | = | 0.0% |
| Financial charges | 65/66B | €71 | €68 | -€3 | -3.8% |
| Recurring financial charges | 65 | €71 | €68 | -€3 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €2,652 | €2,333 | -€319 | -12.0% |
| Profit (loss) for the period | 9904 | €2,652 | €2,333 | -€319 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,652 | €2,333 | -€319 | -12.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.