TimWorks: 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.
TimWorks
Largest movements
- Cash +€102,926
up €102,926 (+71.9%), from €143,193 to €246,120
mainly Net result for the year (+€71,744) and Depreciation (+€55,599)
- Tangible fixed assets -€43,546
down €43,546 (-10.4%), from €419,535 to €375,990
of which Furniture and vehicles: -€26,419
- Receivables after one year -€26,000
down €26,000 (-100.0%), from €26,000 to €0
- Stocks and contracts -€17,323
down €17,323 (-34.1%), from €50,807 to €33,484
of which Contracts in progress: -€27,244
- Intangible fixed assets -€9,995
down €9,995 (-35.2%), from €28,368 to €18,373
- Debts after one year -€45,909
down €45,909 (-15.7%), from €293,250 to €247,341
- Other debts +€30,900
up €30,900 (+30.8%), from €100,228 to €131,128
- Reserves +€19,835
up €19,835 (+11.6%), from €171,245 to €191,080
of which Distributable reserves: +€19,835
- Tax, wage and social debts +€12,271
up €12,271 (+35423.0%), from €35 to €12,305
- Current portion of long-term debt -€11,998
down €11,998 (-20.7%), from €57,907 to €45,909
- Depreciation -€48,100
down €48,100 (-46.4%), from €103,699 to €55,599
- Gross operating margin +€21,856
up €21,856 (+14.2%), from €153,955 to €175,811
- Taxes +€18,855
up €18,855 (+124.0%), from €15,206 to €34,061
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 | €750,776 | €752,029 | +€1,252 | +0.2% |
| Fixed assets | 21/28 | €448,548 | €395,008 | -€53,540 | -11.9% |
| Intangible fixed assets | 21 | €28,368 | €18,373 | -€9,995 | -35.2% |
| Tangible fixed assets | 22/27 | €419,535 | €375,990 | -€43,546 | -10.4% |
| Land and buildings | 22 | €375,588 | €360,101 | -€15,487 | -4.1% |
| Plant, machinery and equipment | 23 | €5,943 | €4,303 | -€1,640 | -27.6% |
| Furniture and vehicles | 24 | €38,004 | €11,586 | -€26,419 | -69.5% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €302,228 | €357,020 | +€54,793 | +18.1% |
| Amounts receivable after more than one year | 29 | €26,000 | €0 | -€26,000 | -100.0% |
| Other amounts receivable | 291 | €26,000 | €0 | -€26,000 | -100.0% |
| Stocks and contracts in progress | 3 | €50,807 | €33,484 | -€17,323 | -34.1% |
| Stocks | 30/36 | €18,469 | €28,390 | +€9,921 | +53.7% |
| Contracts in progress | 37 | €32,338 | €5,094 | -€27,244 | -84.2% |
| Amounts receivable within one year | 40/41 | €66,811 | €64,260 | -€2,552 | -3.8% |
| Trade receivables | 40 | €60,733 | €53,595 | -€7,138 | -11.8% |
| Other amounts receivable | 41 | €6,078 | €10,665 | +€4,586 | +75.5% |
| Cash at bank and in hand | 54/58 | €143,193 | €246,120 | +€102,926 | +71.9% |
| Deferred charges and accrued income | 490/1 | €15,416 | €13,157 | -€2,259 | -14.7% |
| Total equity and liabilities | 10/49 | €750,776 | €752,029 | +€1,252 | +0.2% |
| Equity | 10/15 | €282,706 | €302,541 | +€19,835 | +7.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €171,245 | €191,080 | +€19,835 | +11.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €171,245 | €191,080 | +€19,835 | +11.6% |
| Profit (loss) carried forward | 14 | €36,462 | €36,462 | = | 0.0% |
| Amounts payable | 17/49 | €468,070 | €449,487 | -€18,583 | -4.0% |
| Amounts payable after more than one year | 17 | €293,250 | €247,341 | -€45,909 | -15.7% |
| Financial debts | 170/4 | €293,250 | €247,341 | -€45,909 | -15.7% |
| Amounts payable within one year | 42/48 | €174,820 | €199,584 | +€24,764 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €57,907 | €45,909 | -€11,998 | -20.7% |
| Trade debts | 44 | €16,651 | €9,827 | -€6,824 | -41.0% |
| Suppliers | 440/4 | €16,651 | €9,827 | -€6,824 | -41.0% |
| Advances received on contracts in progress | 46 | - | €415 | +€415 | |
| Taxes, remuneration and social security | 45 | €35 | €12,305 | +€12,271 | +35423.0% |
| Taxes | 450/3 | €35 | €12,305 | +€12,271 | +35423.0% |
| Other amounts payable | 47/48 | €100,228 | €131,128 | +€30,900 | +30.8% |
| Accrued charges and deferred income | 492/3 | - | €2,562 | +€2,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,699 | €55,599 | -€48,100 | -46.4% |
| Other operating charges | 640/8 | €6,905 | €7,409 | +€504 | +7.3% |
| Gross operating margin | 9900 | €153,955 | €175,811 | +€21,856 | +14.2% |
| Operating profit (loss) | 9901 | €43,351 | €112,802 | +€69,452 | +160.2% |
| Financial income | 75/76B | €6,122 | €6,955 | +€833 | +13.6% |
| Recurring financial income | 75 | €6,122 | €6,955 | +€833 | +13.6% |
| Financial charges | 65/66B | €12,828 | €13,951 | +€1,123 | +8.8% |
| Recurring financial charges | 65 | €12,828 | €13,951 | +€1,123 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €36,644 | €105,806 | +€69,162 | +188.7% |
| Income taxes | 67/77 | €15,206 | €34,061 | +€18,855 | +124.0% |
| Profit (loss) for the period | 9904 | €21,438 | €71,744 | +€50,306 | +234.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,438 | €71,744 | +€50,306 | +234.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.