ROELS TIM: what changed
Two fiscal 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.
ROELS TIM
Largest movements
- Financial fixed assets -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Receivables within one year -€6,319
down €6,319 (-85.1%), from €7,424 to €1,105
of which Trade receivables: -€7,424
- Profit (loss) carried forward -€122,739
new in 2025: -€122,739
- Debts after one year -€19,895
down €19,895 (-26.5%), from €75,207 to €55,312
- Trade debts +€11,426
up €11,426 (+198.9%), from €5,744 to €17,170
- Current portion of long-term debt -€4,350
down €4,350 (-18.5%), from €23,481 to €19,131
- Other debts +€4,317
up €4,317 (+21.7%), from €19,890 to €24,206
- Financial charges +€125,798
up €125,798 (+2302.0%), from €5,465 to €131,262
of which Non-recurring financial charges: +€125,000
- Gross operating margin -€8,414
down €8,414 (-22.8%), from €36,923 to €28,508
- Taxes -€5,490
down €5,490 (-89.4%), from €6,138 to €648
- Write-downs +€5,260
new in 2025: €5,260
- Depreciation +€3,247
up €3,247 (+73.1%), from €4,441 to €7,688
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 | €174,133 | €40,751 | -€133,382 | -76.6% |
| Fixed assets | 21/28 | €165,752 | €39,050 | -€126,702 | -76.4% |
| Tangible fixed assets | 22/27 | €40,752 | €39,050 | -€1,702 | -4.2% |
| Plant, machinery and equipment | 23 | - | €5,779 | +€5,779 | |
| Furniture and vehicles | 24 | €4,163 | €2,273 | -€1,890 | -45.4% |
| Leasing and similar rights | 25 | €36,589 | €30,997 | -€5,591 | -15.3% |
| Financial fixed assets | 28 | €125,000 | €0 | -€125,000 | -100.0% |
| Current assets | 29/58 | €8,381 | €1,701 | -€6,680 | -79.7% |
| Amounts receivable within one year | 40/41 | €7,424 | €1,105 | -€6,319 | -85.1% |
| Trade receivables | 40 | €7,424 | €0 | -€7,424 | -100.0% |
| Other amounts receivable | 41 | €0 | €1,105 | +€1,105 | |
| Cash at bank and in hand | 54/58 | €719 | €408 | -€311 | -43.3% |
| Deferred charges and accrued income | 490/1 | €238 | €189 | -€50 | -20.8% |
| Total equity and liabilities | 10/49 | €174,133 | €40,751 | -€133,382 | -76.6% |
| Equity | 10/15 | €38,588 | -€84,151 | -€122,739 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €36,088 | €36,088 | = | 0.0% |
| Distributable reserves | 133 | €36,088 | €36,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€122,739 | -€122,739 | |
| Amounts payable | 17/49 | €135,546 | €124,902 | -€10,643 | -7.9% |
| Amounts payable after more than one year | 17 | €75,207 | €55,312 | -€19,895 | -26.5% |
| Financial debts | 170/4 | €75,207 | €55,312 | -€19,895 | -26.5% |
| Amounts payable within one year | 42/48 | €60,338 | €69,590 | +€9,252 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €23,481 | €19,131 | -€4,350 | -18.5% |
| Trade debts | 44 | €5,744 | €17,170 | +€11,426 | +198.9% |
| Suppliers | 440/4 | €5,744 | €17,170 | +€11,426 | +198.9% |
| Taxes, remuneration and social security | 45 | €11,223 | €9,082 | -€2,141 | -19.1% |
| Taxes | 450/3 | €8,273 | €9,082 | +€809 | +9.8% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100.0% |
| Other amounts payable | 47/48 | €19,890 | €24,206 | +€4,317 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,441 | €7,688 | +€3,247 | +73.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,260 | +€5,260 | |
| Other operating charges | 640/8 | €1,360 | €1,888 | +€529 | +38.9% |
| Non-recurring operating charges | 66A | - | €4,500 | +€4,500 | |
| Gross operating margin | 9900 | €36,923 | €28,508 | -€8,414 | -22.8% |
| Operating profit (loss) | 9901 | €31,122 | €9,172 | -€21,950 | -70.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,465 | €131,262 | +€125,798 | +2302.0% |
| Recurring financial charges | 65 | €5,465 | €6,262 | +€798 | +14.6% |
| Non-recurring financial charges | 66B | - | €125,000 | +€125,000 | |
| Profit (loss) for the period before taxes | 9903 | €25,657 | -€122,090 | -€147,748 | |
| Income taxes | 67/77 | €6,138 | €648 | -€5,490 | -89.4% |
| Profit (loss) for the period | 9904 | €19,519 | -€122,739 | -€142,258 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,519 | -€122,739 | -€142,258 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.