TIMYNOS: 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.
TIMYNOS
Largest movements
- Tangible fixed assets +€161,208
up €161,208 (+28303.5%), from €570 to €161,778
of which Plant, machinery and equipment: +€115,262
- Receivables within one year +€132,565
up €132,565 (+170.9%), from €77,582 to €210,148
of which Trade receivables: +€204,983
- Cash +€97,927
up €97,927 (+113.4%), from €86,323 to €184,250
mainly Debts within one year (+€205,886) and Debts after one year (+€175,023)
- Formation expenses -€96,481
no longer reported in 2022 (was €96,481)
- Financial fixed assets +€32,000
up €32,000 (+416.7%), from €7,680 to €39,680
- Debts within one year +€205,886
up €205,886 (+167.9%), from €122,606 to €328,492
of which Trade debts: +€157,847
- Debts after one year +€175,023
up €175,023 (+577.5%), from €30,306 to €205,330
- Profit (loss) carried forward -€57,451
down €57,451 (-50.8%), from €113,054 to €55,603
- Gross operating margin -€373,697
down €373,697 (-85.1%), from €439,192 to €65,495
- Staff costs +€102,672
new in 2022: €102,672
- Taxes -€20,612
down €20,612 (-98.8%), from €20,867 to €255
- Financial charges +€15,095
new in 2022: €15,095
- Depreciation -€6,133
down €6,133 (-69.2%), from €8,868 to €2,734
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,966 | €611,424 | +€323,458 | +112.3% |
| Formation expenses | 20 | €96,481 | - | -€96,481 | |
| Fixed assets | 21/28 | €18,250 | €211,458 | +€193,208 | +1058.7% |
| Intangible fixed assets | 21 | €10,000 | €10,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €570 | €161,778 | +€161,208 | +28303.5% |
| Plant, machinery and equipment | 23 | - | €115,262 | +€115,262 | |
| Furniture and vehicles | 24 | - | €26,601 | +€26,601 | |
| Other tangible fixed assets | 26 | - | €19,915 | +€19,915 | |
| Financial fixed assets | 28 | €7,680 | €39,680 | +€32,000 | +416.7% |
| Current assets | 29/58 | €173,235 | €399,966 | +€226,732 | +130.9% |
| Stocks and contracts in progress | 3 | €9,224 | €5,498 | -€3,725 | -40.4% |
| Stocks | 30/36 | - | €5,498 | +€5,498 | |
| Amounts receivable within one year | 40/41 | €77,582 | €210,148 | +€132,565 | +170.9% |
| Trade receivables | 40 | - | €204,983 | +€204,983 | |
| Other amounts receivable | 41 | - | €5,164 | +€5,164 | |
| Cash at bank and in hand | 54/58 | €86,323 | €184,250 | +€97,927 | +113.4% |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €287,966 | €611,424 | +€323,458 | +112.3% |
| Equity | 10/15 | €135,054 | €77,603 | -€57,451 | -42.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | - | €20,000 | +€20,000 | |
| Issued capital | 100 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Legal reserve | 130 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €113,054 | €55,603 | -€57,451 | -50.8% |
| Amounts payable | 17/49 | €152,912 | €533,821 | +€380,910 | +249.1% |
| Amounts payable after more than one year | 17 | €30,306 | €205,330 | +€175,023 | +577.5% |
| Financial debts | 170/4 | - | €205,330 | +€205,330 | |
| Amounts payable within one year | 42/48 | €122,606 | €328,492 | +€205,886 | +167.9% |
| Current portion of amounts payable after more than one year | 42 | - | €27,235 | +€27,235 | |
| Trade debts | 44 | €10,235 | €168,082 | +€157,847 | +1542.2% |
| Suppliers | 440/4 | - | €168,082 | +€168,082 | |
| Taxes, remuneration and social security | 45 | - | €11,858 | +€11,858 | |
| Taxes | 450/3 | - | €7,783 | +€7,783 | |
| Remuneration and social security | 454/9 | - | €4,075 | +€4,075 | |
| Other amounts payable | 47/48 | - | €121,317 | +€121,317 | |
| Remuneration, social security and pensions | 62 | - | €102,672 | +€102,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,868 | €2,734 | -€6,133 | -69.2% |
| Other operating charges | 640/8 | - | €2,190 | +€2,190 | |
| Gross operating margin | 9900 | €439,192 | €65,495 | -€373,697 | -85.1% |
| Operating profit (loss) | 9901 | €131,393 | -€42,101 | -€173,494 | |
| Financial charges | 65/66B | - | €15,095 | +€15,095 | |
| Recurring financial charges | 65 | €42,053 | €15,095 | -€26,958 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €89,340 | -€57,196 | -€146,536 | |
| Income taxes | 67/77 | €20,867 | €255 | -€20,612 | -98.8% |
| Profit (loss) for the period | 9904 | €68,473 | -€57,451 | -€125,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,473 | -€57,451 | -€125,924 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.