TIMO-TRANS: 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.
TIMO-TRANS
Largest movements
- Receivables within one year -€579,742
down €579,742 (-74.0%), from €783,520 to €203,778
of which Trade receivables: -€377,803
- Deferred charges and accrued income +€202,541
new in 2025: €202,541
- Tangible fixed assets +€140,355
up €140,355 (+78.9%), from €177,815 to €318,170
of which Furniture and vehicles: +€81,852
- Trade debts -€299,519
down €299,519 (-70.3%), from €426,306 to €126,787
- Current portion of long-term debt +€41,353
up €41,353 (+66.3%), from €62,339 to €103,692
- Debts after one year +€39,728
up €39,728 (+48.2%), from €82,498 to €122,226
- Tax, wage and social debts -€33,940
down €33,940 (-12.2%), from €279,233 to €245,293
of which Taxes: -€39,449
- Profit (loss) carried forward +€20,437
up €20,437 (+10.1%), from €202,402 to €222,839
- Purchases and services -€115,361
down €115,361 (-9.5%), from €1.2m to €1.1m
- Turnover -€98,010
down €98,010 (-4.5%), from €2.2m to €2.1m
- Depreciation +€23,194
up €23,194 (+28.4%), from €81,587 to €104,781
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 | €1,069,138 | €837,197 | -€231,941 | -21.7% |
| Fixed assets | 21/28 | €232,240 | €372,730 | +€140,490 | +60.5% |
| Tangible fixed assets | 22/27 | €177,815 | €318,170 | +€140,355 | +78.9% |
| Plant, machinery and equipment | 23 | €4,716 | €5,321 | +€605 | +12.8% |
| Furniture and vehicles | 24 | €12,220 | €94,072 | +€81,852 | +670% |
| Leasing and similar rights | 25 | €160,879 | €218,777 | +€57,898 | +36.0% |
| Financial fixed assets | 28 | €54,425 | €54,560 | +€135 | +0.2% |
| Current assets | 29/58 | €836,898 | €464,467 | -€372,431 | -44.5% |
| Amounts receivable within one year | 40/41 | €783,520 | €203,778 | -€579,742 | -74.0% |
| Trade receivables | 40 | €547,774 | €169,971 | -€377,803 | -69.0% |
| Other amounts receivable | 41 | €235,746 | €33,807 | -€201,939 | -85.7% |
| Cash at bank and in hand | 54/58 | €53,378 | €58,148 | +€4,770 | +8.9% |
| Deferred charges and accrued income | 490/1 | - | €202,541 | +€202,541 | |
| Total equity and liabilities | 10/49 | €1,069,138 | €837,197 | -€231,941 | -21.7% |
| Equity | 10/15 | €218,762 | €239,199 | +€20,437 | +9.3% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,402 | €222,839 | +€20,437 | +10.1% |
| Amounts payable | 17/49 | €850,376 | €597,998 | -€252,378 | -29.7% |
| Amounts payable after more than one year | 17 | €82,498 | €122,226 | +€39,728 | +48.2% |
| Financial debts | 170/4 | €82,498 | €122,226 | +€39,728 | +48.2% |
| Amounts payable within one year | 42/48 | €767,878 | €475,772 | -€292,106 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €62,339 | €103,692 | +€41,353 | +66.3% |
| Trade debts | 44 | €426,306 | €126,787 | -€299,519 | -70.3% |
| Suppliers | 440/4 | €426,306 | €126,787 | -€299,519 | -70.3% |
| Taxes, remuneration and social security | 45 | €279,233 | €245,293 | -€33,940 | -12.2% |
| Taxes | 450/3 | €112,732 | €73,283 | -€39,449 | -35.0% |
| Remuneration and social security | 454/9 | €166,501 | €172,010 | +€5,509 | +3.3% |
| Turnover | 70 | €2,181,856 | €2,083,846 | -€98,010 | -4.5% |
| Non-recurring operating income | 76A | €332 | - | -€332 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,210,783 | €1,095,422 | -€115,361 | -9.5% |
| Remuneration, social security and pensions | 62 | €833,284 | €824,095 | -€9,189 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,587 | €104,781 | +€23,194 | +28.4% |
| Other operating charges | 640/8 | €2,158 | €10,662 | +€8,504 | +394% |
| Non-recurring operating charges | 66A | €13,063 | €5,017 | -€8,046 | -61.6% |
| Gross operating margin | 9900 | €974,001 | €993,639 | +€19,638 | +2.0% |
| Operating profit (loss) | 9901 | €43,909 | €49,084 | +€5,175 | +11.8% |
| Financial income | 75/76B | €3 | €20 | +€17 | +567% |
| Recurring financial income | 75 | €3 | €20 | +€17 | +567% |
| Financial charges | 65/66B | €17,288 | €18,904 | +€1,616 | +9.3% |
| Recurring financial charges | 65 | €17,288 | €18,904 | +€1,616 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €26,624 | €30,200 | +€3,576 | +13.4% |
| Income taxes | 67/77 | - | €9,763 | +€9,763 | |
| Profit (loss) for the period | 9904 | €26,624 | €20,437 | -€6,187 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,624 | €20,437 | -€6,187 | -23.2% |
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 27 October 2026 via checked.be.