AD TIM: 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.
AD TIM
Largest movements
- Cash -€426,487
down €426,487 (-26.5%), from €1.6m to €1.2m
mainly Contributions, distributions and other (-€381,825) and Net result for the year (-€78,510)
- Contributions -€355,472
down €355,472 (-85.1%), from €417,472 to €62,000
- Profit (loss) carried forward -€78,510
down €78,510 (-1629.8%), from -€4,817 to -€83,327
- Trade debts +€26,955
up €26,955 (+4.4%), from €614,581 to €641,536
- Reserves -€26,353
down €26,353 (-13.9%), from €190,236 to €163,883
of which Non-distributable reserves: -€31,170
- Gross operating margin -€103,676
down €103,676, from €46,464 to -€57,212
- Staff costs -€40,897
down €40,897 (-65.4%), from €62,496 to €21,599
- Financial income -€5,933
down €5,933 (-30.4%), from €19,518 to €13,585
- Depreciation -€5,232
down €5,232 (-90.4%), from €5,786 to €554
- Write-downs +€3,963
new in 2025: €3,963
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.
Cash bridge derived
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 | €1,649,368 | €1,216,805 | -€432,564 | -26.2% |
| Fixed assets | 21/28 | €983 | €429 | -€554 | -56.3% |
| Tangible fixed assets | 22/27 | €928 | €375 | -€554 | -59.6% |
| Furniture and vehicles | 24 | €928 | €375 | -€554 | -59.6% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €1,648,385 | €1,216,375 | -€432,010 | -26.2% |
| Amounts receivable within one year | 40/41 | €30,759 | €25,420 | -€5,340 | -17.4% |
| Trade receivables | 40 | €21,249 | €15,584 | -€5,665 | -26.7% |
| Other amounts receivable | 41 | €9,510 | €9,836 | +€325 | +3.4% |
| Cash at bank and in hand | 54/58 | €1,611,600 | €1,185,113 | -€426,487 | -26.5% |
| Deferred charges and accrued income | 490/1 | €6,027 | €5,843 | -€184 | -3.1% |
| Total equity and liabilities | 10/49 | €1,649,368 | €1,216,805 | -€432,564 | -26.2% |
| Equity | 10/15 | €602,891 | €142,556 | -€460,335 | -76.4% |
| Contributions | 10/11 | €417,472 | €62,000 | -€355,472 | -85.1% |
| Capital | 10 | €417,472 | €62,000 | -€355,472 | -85.1% |
| Issued capital | 100 | €417,472 | €62,000 | -€355,472 | -85.1% |
| Reserves | 13 | €190,236 | €163,883 | -€26,353 | -13.9% |
| Non-distributable reserves | 130/1 | €37,370 | €6,200 | -€31,170 | -83.4% |
| Legal reserve | 130 | €37,370 | €6,200 | -€31,170 | -83.4% |
| Distributable reserves | 133 | €152,866 | €157,683 | +€4,817 | +3.2% |
| Profit (loss) carried forward | 14 | -€4,817 | -€83,327 | -€78,510 | -1629.8% |
| Amounts payable | 17/49 | €1,046,477 | €1,074,248 | +€27,771 | +2.7% |
| Amounts payable within one year | 42/48 | €614,917 | €642,688 | +€27,771 | +4.5% |
| Trade debts | 44 | €614,581 | €641,536 | +€26,955 | +4.4% |
| Suppliers | 440/4 | €614,581 | €641,536 | +€26,955 | +4.4% |
| Taxes, remuneration and social security | 45 | €336 | €1,152 | +€816 | +243.3% |
| Taxes | 450/3 | €336 | €989 | +€653 | +194.7% |
| Remuneration and social security | 454/9 | - | €163 | +€163 | |
| Accrued charges and deferred income | 492/3 | €431,561 | €431,561 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €62,496 | €21,599 | -€40,897 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,786 | €554 | -€5,232 | -90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,963 | +€3,963 | |
| Other operating charges | 640/8 | €2,481 | €1,924 | -€558 | -22.5% |
| Non-recurring operating charges | 66A | €986 | - | -€986 | |
| Gross operating margin | 9900 | €46,464 | -€57,212 | -€103,676 | |
| Operating profit (loss) | 9901 | -€25,285 | -€85,251 | -€59,967 | -237.2% |
| Financial income | 75/76B | €19,518 | €13,585 | -€5,933 | -30.4% |
| Recurring financial income | 75 | €19,518 | €13,585 | -€5,933 | -30.4% |
| Financial charges | 65/66B | €4,648 | €3,520 | -€1,128 | -24.3% |
| Recurring financial charges | 65 | €4,648 | €3,520 | -€1,128 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,415 | -€75,186 | -€64,771 | -621.9% |
| Income taxes | 67/77 | €2,369 | €3,324 | +€955 | +40.3% |
| Profit (loss) for the period | 9904 | -€12,784 | -€78,510 | -€65,726 | -514.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,784 | -€78,510 | -€65,726 | -514.1% |
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 11 October 2026 via checked.be.