INVEST TIM: what changed
What changed
INVEST TIM
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Net result for the year
€181,613
2024 · €136,948+€44,665
Equity
€255,082
2024 · €73,468+€181,613
Cash
€629,090
2024 · €4,067+€625,023
Balance sheet total
€8.0m
2024 · €9.1m-€1.1m
Largest movements
Assets
- Tangible fixed assets -€918,727
down €918,727 (-13.4%), from €6.8m to €5.9m
- Stocks and contracts -€776,808
down €776,808 (-36.3%), from €2.1m to €1.4m
- Cash +€625,023
up €625,023 (+15,368%), from €4,067 to €629,090
mainly Stocks and contracts (+€776,808) and Investment in fixed assets (net) (+€740,219)
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-36.7%), from €3.2m to €2.0m
- Profit (loss) carried forward +€185,272
up €185,272, from -€169,313 to €15,959
- Debts after one year -€175,624
down €175,624 (-5.2%), from €3.4m to €3.2m
of which Financial debts: -€175,624
Income statement
- Financial charges -€73,617
down €73,617 (-26.2%), from €280,715 to €207,098
- Gross operating margin -€34,147
down €34,147 (-5.0%), from €681,356 to €647,209
- Taxes +€18,444
up €18,444 (+9,727%), from €190 to €18,633
- Depreciation -€18,313
down €18,313 (-9.3%), from €196,821 to €178,508
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.
Result 2024
€136,948
Gross operating margin
-€34,147
Depreciation
+€18,313
Other operating charges
+€5,148
Financial income
+€179
Financial charges
+€73,617
Taxes
-€18,444
Result 2025
€181,613
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
+€740,219
Financing
-€1.4m
Cash 2024
€4,067
From operations (derived)
+€1.2m
Net result for the year
+€181,613
Depreciation
+€178,508
Stocks and contracts
+€776,808
Receivables within one year
-€14,158
Smaller working-capital items
-€3,287
Trade debts
+€55,781
Tax, wage and social debts
+€21,948
Other debts
+€39,613
Investment (derived)
+€740,219
Investment in fixed assets (net)
+€740,219
Financing
-€1.4m
Debts after one year
-€175,624
Current portion of long-term debt
+€4,250
Short-term financial debts
-€1.2m
Cash 2025
€629,090
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,083,450 | €8,029,163 | -€1.1m | -11.6% |
| Fixed assets | 21/28 | €6,833,473 | €5,914,746 | -€918,727 | -13.4% |
| Tangible fixed assets | 22/27 | €6,833,473 | €5,914,746 | -€918,727 | -13.4% |
| Land and buildings | 22 | €6,833,473 | €5,914,746 | -€918,727 | -13.4% |
| Current assets | 29/58 | €2,249,977 | €2,114,417 | -€135,560 | -6.0% |
| Stocks and contracts in progress | 3 | €2,141,922 | €1,365,114 | -€776,808 | -36.3% |
| Stocks | 30/36 | €2,141,922 | €1,365,114 | -€776,808 | -36.3% |
| Amounts receivable within one year | 40/41 | €85,373 | €99,531 | +€14,158 | +16.6% |
| Trade receivables | 40 | €29,373 | €48,531 | +€19,158 | +65.2% |
| Other amounts receivable | 41 | €56,000 | €51,000 | -€5,000 | -8.9% |
| Cash at bank and in hand | 54/58 | €4,067 | €629,090 | +€625,023 | +15,368% |
| Deferred charges and accrued income | 490/1 | €18,615 | €20,682 | +€2,067 | +11.1% |
| Total equity and liabilities | 10/49 | €9,083,450 | €8,029,163 | -€1.1m | -11.6% |
| Equity | 10/15 | €73,468 | €255,082 | +€181,613 | +247% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €234,721 | €231,063 | -€3,658 | -1.6% |
| Tax-exempt reserves | 132 | €229,721 | €226,063 | -€3,658 | -1.6% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,313 | €15,959 | +€185,272 | |
| Provisions and deferred taxes | 16 | €76,574 | €75,354 | -€1,219 | -1.6% |
| Deferred taxes | 168 | €76,574 | €75,354 | -€1,219 | -1.6% |
| Amounts payable | 17/49 | €8,933,408 | €7,698,727 | -€1.2m | -13.8% |
| Amounts payable after more than one year | 17 | €3,386,082 | €3,210,457 | -€175,624 | -5.2% |
| Financial debts | 170/4 | €3,199,756 | €3,024,132 | -€175,624 | -5.5% |
| Other amounts payable | 178/9 | €186,325 | €186,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,547,327 | €4,488,270 | -€1.1m | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €171,374 | €175,624 | +€4,250 | +2.5% |
| Financial debts | 43 | €3,219,299 | €2,038,650 | -€1.2m | -36.7% |
| Credit institutions | 430/8 | €3,219,299 | €2,038,650 | -€1.2m | -36.7% |
| Trade debts | 44 | €89,850 | €145,631 | +€55,781 | +62.1% |
| Suppliers | 440/4 | €89,850 | €145,631 | +€55,781 | +62.1% |
| Taxes, remuneration and social security | 45 | €10,380 | €32,328 | +€21,948 | +211% |
| Taxes | 450/3 | €10,380 | €32,328 | +€21,948 | +211% |
| Other amounts payable | 47/48 | €2,056,424 | €2,096,036 | +€39,613 | +1.9% |
| Non-recurring operating income | 76A | €61,054 | - | -€61,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,821 | €178,508 | -€18,313 | -9.3% |
| Other operating charges | 640/8 | €67,938 | €62,790 | -€5,148 | -7.6% |
| Gross operating margin | 9900 | €681,356 | €647,209 | -€34,147 | -5.0% |
| Operating profit (loss) | 9901 | €416,598 | €405,911 | -€10,687 | -2.6% |
| Financial income | 75/76B | €35 | €214 | +€179 | +514% |
| Recurring financial income | 75 | €35 | €214 | +€179 | +514% |
| Financial charges | 65/66B | €280,715 | €207,098 | -€73,617 | -26.2% |
| Recurring financial charges | 65 | €280,715 | €207,098 | -€73,617 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €135,918 | €199,027 | +€63,109 | +46.4% |
| Transfer from deferred taxes | 780 | €1,219 | €1,219 | = | 0.0% |
| Income taxes | 67/77 | €190 | €18,633 | +€18,444 | +9,727% |
| Profit (loss) for the period | 9904 | €136,948 | €181,613 | +€44,665 | +32.6% |
| Transfer from tax-exempt reserves | 789 | €3,658 | €3,658 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,606 | €185,272 | +€44,665 | +31.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.