TIMELO: what changed
TIMELO
Largest movements
- Cash +€116,510
up €116,510 (+110%), from €106,171 to €222,682
mainly Other debts (+€198,050) and Net result for the year (+€131,942)
- Financial fixed assets +€15,000
new in 2025: €15,000
- Receivables within one year +€9,090
up €9,090 (+14.9%), from €61,002 to €70,092
of which Trade receivables: +€9,090
- Tangible fixed assets -€8,640
down €8,640 (-24.5%), from €35,206 to €26,566
of which Furniture and vehicles: -€8,375
- Other debts +€198,050
up €198,050 (+10,156%), from €1,950 to €200,000
- Profit (loss) carried forward -€68,058
down €68,058 (-39.2%), from €173,704 to €105,646
- Debts after one year -€4,459
down €4,459 (-39.1%), from €11,392 to €6,932
- Gross operating margin +€18,230
up €18,230 (+11.3%), from €161,094 to €179,324
- Taxes +€4,561
up €4,561 (+13.6%), from €33,472 to €38,033
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,002 | €335,276 | +€130,274 | +63.5% |
| Fixed assets | 21/28 | €35,206 | €41,566 | +€6,360 | +18.1% |
| Tangible fixed assets | 22/27 | €35,206 | €26,566 | -€8,640 | -24.5% |
| Plant, machinery and equipment | 23 | €2,378 | €2,113 | -€265 | -11.1% |
| Furniture and vehicles | 24 | €32,828 | €24,453 | -€8,375 | -25.5% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €169,797 | €293,711 | +€123,914 | +73.0% |
| Amounts receivable within one year | 40/41 | €61,002 | €70,092 | +€9,090 | +14.9% |
| Trade receivables | 40 | €58,583 | €67,674 | +€9,090 | +15.5% |
| Other amounts receivable | 41 | €2,419 | €2,419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,171 | €222,682 | +€116,510 | +110% |
| Deferred charges and accrued income | 490/1 | €2,623 | €936 | -€1,687 | -64.3% |
| Total equity and liabilities | 10/49 | €205,002 | €335,276 | +€130,274 | +63.5% |
| Equity | 10/15 | €178,704 | €110,646 | -€68,058 | -38.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,704 | €105,646 | -€68,058 | -39.2% |
| Amounts payable | 17/49 | €26,298 | €224,630 | +€198,332 | +754% |
| Amounts payable after more than one year | 17 | €11,392 | €6,932 | -€4,459 | -39.1% |
| Financial debts | 170/4 | €11,392 | €6,932 | -€4,459 | -39.1% |
| Amounts payable within one year | 42/48 | €14,907 | €217,698 | +€202,791 | +1,360% |
| Current portion of amounts payable after more than one year | 42 | €4,334 | €4,459 | +€125 | +2.9% |
| Trade debts | 44 | €3,197 | €5,504 | +€2,307 | +72.1% |
| Suppliers | 440/4 | €3,197 | €5,504 | +€2,307 | +72.1% |
| Taxes, remuneration and social security | 45 | €5,425 | €7,735 | +€2,309 | +42.6% |
| Taxes | 450/3 | €4,671 | €7,735 | +€3,063 | +65.6% |
| Remuneration and social security | 454/9 | €754 | - | -€754 | |
| Other amounts payable | 47/48 | €1,950 | €200,000 | +€198,050 | +10,156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,640 | €8,640 | = | 0.0% |
| Other operating charges | 640/8 | €159 | €197 | +€38 | +23.6% |
| Gross operating margin | 9900 | €161,094 | €179,324 | +€18,230 | +11.3% |
| Operating profit (loss) | 9901 | €152,296 | €170,488 | +€18,192 | +11.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €643 | €512 | -€131 | -20.3% |
| Recurring financial charges | 65 | €643 | €512 | -€131 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €151,653 | €169,976 | +€18,322 | +12.1% |
| Income taxes | 67/77 | €33,472 | €38,033 | +€4,561 | +13.6% |
| Profit (loss) for the period | 9904 | €118,181 | €131,942 | +€13,761 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,181 | €131,942 | +€13,761 | +11.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.