TYTGAT TIMO: 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.
TYTGAT TIMO
Largest movements
- Cash +€112,240
up €112,240 (+133%), from €84,305 to €196,545
mainly Net result for the year (+€106,373) and Depreciation (+€33,411)
- Tangible fixed assets -€11,841
down €11,841 (-14.3%), from €82,948 to €71,107
of which Furniture and vehicles: -€9,017
- Reserves +€105,540
up €105,540 (+52.9%), from €199,405 to €304,945
- Other debts -€30,374
down €30,374 (-30.7%), from €98,865 to €68,490
- Tax, wage and social debts +€29,922
up €29,922 (+808%), from €3,701 to €33,624
of which Taxes: +€29,300
- Debts after one year -€8,781
down €8,781 (-15.2%), from €57,905 to €49,123
- Gross operating margin +€100,868
up €100,868 (+90.2%), from €111,851 to €212,718
- Taxes +€36,761
up €36,761 (+271%), from €13,543 to €50,304
- Financial income +€3,108
up €3,108 (+82.3%), from €3,775 to €6,884
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.
Derived cash bridge
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 | €378,346 | €478,745 | +€100,400 | +26.5% |
| Fixed assets | 21/28 | €83,270 | €71,129 | -€12,141 | -14.6% |
| Intangible fixed assets | 21 | €322 | €22 | -€300 | -93.1% |
| Tangible fixed assets | 22/27 | €82,948 | €71,107 | -€11,841 | -14.3% |
| Land and buildings | 22 | €48,932 | €44,499 | -€4,433 | -9.1% |
| Plant, machinery and equipment | 23 | €2,656 | €4,265 | +€1,610 | +60.6% |
| Furniture and vehicles | 24 | €31,360 | €22,343 | -€9,017 | -28.8% |
| Current assets | 29/58 | €295,076 | €407,616 | +€112,540 | +38.1% |
| Stocks and contracts in progress | 3 | €118,415 | €119,702 | +€1,287 | +1.1% |
| Stocks | 30/36 | €118,415 | €119,702 | +€1,287 | +1.1% |
| Amounts receivable within one year | 40/41 | €31,537 | €30,479 | -€1,058 | -3.4% |
| Trade receivables | 40 | €19,639 | €20,970 | +€1,331 | +6.8% |
| Other amounts receivable | 41 | €11,898 | €9,509 | -€2,389 | -20.1% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,305 | €196,545 | +€112,240 | +133% |
| Deferred charges and accrued income | 490/1 | €818 | €889 | +€71 | +8.6% |
| Total equity and liabilities | 10/49 | €378,346 | €478,745 | +€100,400 | +26.5% |
| Equity | 10/15 | €201,405 | €306,945 | +€105,540 | +52.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €199,405 | €304,945 | +€105,540 | +52.9% |
| Distributable reserves | 133 | €199,405 | €304,945 | +€105,540 | +52.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €176,941 | €171,800 | -€5,140 | -2.9% |
| Amounts payable after more than one year | 17 | €57,905 | €49,123 | -€8,781 | -15.2% |
| Financial debts | 170/4 | €57,905 | €49,123 | -€8,781 | -15.2% |
| Amounts payable within one year | 42/48 | €114,566 | €118,159 | +€3,593 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €8,651 | €8,781 | +€131 | +1.5% |
| Trade debts | 44 | €3,349 | €7,264 | +€3,915 | +117% |
| Suppliers | 440/4 | €3,349 | €7,264 | +€3,915 | +117% |
| Taxes, remuneration and social security | 45 | €3,701 | €33,624 | +€29,922 | +808% |
| Taxes | 450/3 | €1,509 | €30,808 | +€29,300 | +1,942% |
| Remuneration and social security | 454/9 | €2,193 | €2,815 | +€623 | +28.4% |
| Other amounts payable | 47/48 | €98,865 | €68,490 | -€30,374 | -30.7% |
| Accrued charges and deferred income | 492/3 | €4,470 | €4,518 | +€48 | +1.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €23,906 | €22,287 | -€1,619 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,899 | €33,411 | +€1,512 | +4.7% |
| Other operating charges | 640/8 | €1,393 | €1,439 | +€46 | +3.3% |
| Gross operating margin | 9900 | €111,851 | €212,718 | +€100,868 | +90.2% |
| Operating profit (loss) | 9901 | €54,652 | €155,581 | +€100,929 | +185% |
| Financial income | 75/76B | €3,775 | €6,884 | +€3,108 | +82.3% |
| Recurring financial income | 75 | €3,775 | €6,884 | +€3,108 | +82.3% |
| Financial charges | 65/66B | €5,663 | €5,787 | +€125 | +2.2% |
| Recurring financial charges | 65 | €5,663 | €5,787 | +€125 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €52,765 | €156,677 | +€103,912 | +197% |
| Income taxes | 67/77 | €13,543 | €50,304 | +€36,761 | +271% |
| Profit (loss) for the period | 9904 | €39,222 | €106,373 | +€67,151 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €39,222 | €106,373 | +€67,151 | +171% |
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 23 October 2026 via checked.be.