Vastgoed Timmers: 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.
Vastgoed Timmers
Largest movements
- Receivables within one year +€19,743
up €19,743 (+330%), from €5,984 to €25,726
of which Other amounts receivable: +€14,885
- Cash -€8,848
down €8,848 (-11.4%), from €77,602 to €68,754
mainly Receivables within one year (-€19,743) and Investment in fixed assets (net) (-€7,224)
- Tangible fixed assets +€5,697
up €5,697 (+110%), from €5,185 to €10,882
of which Furniture and vehicles: +€6,256
- Reserves +€22,349
up €22,349 (+34.4%), from €64,877 to €87,226
- Tax, wage and social debts -€4,132
down €4,132 (-48.4%), from €8,533 to €4,401
- Gross operating margin -€55,579
down €55,579 (-61.5%), from €90,361 to €34,783
- Taxes -€15,518
down €15,518 (-69.0%), from €22,498 to €6,980
- Financial charges +€1,296
up €1,296 (+124%), from €1,046 to €2,342
- Depreciation +€1,100
up €1,100 (+258%), from €427 to €1,527
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 | €90,826 | €107,715 | +€16,889 | +18.6% |
| Fixed assets | 21/28 | €5,185 | €10,882 | +€5,697 | +110% |
| Tangible fixed assets | 22/27 | €5,185 | €10,882 | +€5,697 | +110% |
| Plant, machinery and equipment | 23 | €2,562 | €2,003 | -€559 | -21.8% |
| Furniture and vehicles | 24 | €2,623 | €8,879 | +€6,256 | +238% |
| Current assets | 29/58 | €85,641 | €96,833 | +€11,192 | +13.1% |
| Amounts receivable within one year | 40/41 | €5,984 | €25,726 | +€19,743 | +330% |
| Trade receivables | 40 | €4,482 | €9,340 | +€4,858 | +108% |
| Other amounts receivable | 41 | €1,502 | €16,386 | +€14,885 | +991% |
| Cash at bank and in hand | 54/58 | €77,602 | €68,754 | -€8,848 | -11.4% |
| Deferred charges and accrued income | 490/1 | €2,055 | €2,352 | +€298 | +14.5% |
| Total equity and liabilities | 10/49 | €90,826 | €107,715 | +€16,889 | +18.6% |
| Equity | 10/15 | €65,877 | €88,226 | +€22,349 | +33.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €64,877 | €87,226 | +€22,349 | +34.4% |
| Distributable reserves | 133 | €64,877 | €87,226 | +€22,349 | +34.4% |
| Amounts payable | 17/49 | €24,949 | €19,489 | -€5,460 | -21.9% |
| Amounts payable within one year | 42/48 | €24,949 | €19,489 | -€5,460 | -21.9% |
| Financial debts | 43 | - | €215 | +€215 | |
| Credit institutions | 430/8 | - | €215 | +€215 | |
| Trade debts | 44 | €5,515 | €5,613 | +€98 | +1.8% |
| Suppliers | 440/4 | €5,515 | €5,613 | +€98 | +1.8% |
| Advances received on contracts in progress | 46 | €1,045 | - | -€1,045 | |
| Taxes, remuneration and social security | 45 | €8,533 | €4,401 | -€4,132 | -48.4% |
| Taxes | 450/3 | €8,533 | €4,401 | -€4,132 | -48.4% |
| Other amounts payable | 47/48 | €9,855 | €9,259 | -€596 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €1,527 | +€1,100 | +258% |
| Other operating charges | 640/8 | €1,524 | €1,616 | +€91 | +6.0% |
| Gross operating margin | 9900 | €90,361 | €34,783 | -€55,579 | -61.5% |
| Operating profit (loss) | 9901 | €88,410 | €31,640 | -€56,770 | -64.2% |
| Financial income | 75/76B | €11 | €31 | +€20 | +177% |
| Recurring financial income | 75 | €11 | €31 | +€20 | +177% |
| Financial charges | 65/66B | €1,046 | €2,342 | +€1,296 | +124% |
| Recurring financial charges | 65 | €1,046 | €2,342 | +€1,296 | +124% |
| Profit (loss) for the period before taxes | 9903 | €87,375 | €29,329 | -€58,046 | -66.4% |
| Income taxes | 67/77 | €22,498 | €6,980 | -€15,518 | -69.0% |
| Profit (loss) for the period | 9904 | €64,877 | €22,349 | -€42,528 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,877 | €22,349 | -€42,528 | -65.6% |
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 31 October 2026 via checked.be.