T&M TIMIS: 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.
T&M TIMIS
Largest movements
- Tangible fixed assets +€121,965
up €121,965 (+61.2%), from €199,307 to €321,272
of which Leasing and similar rights: +€134,083
- Receivables within one year +€30,077
up €30,077 (+22.7%), from €132,661 to €162,738
of which Trade receivables: +€17,513
- Cash -€23,660
down €23,660 (-99.4%), from €23,803 to €143
mainly Investment in fixed assets (net) (-€244,876) and Receivables within one year (-€30,077)
- Debts after one year +€94,606
up €94,606 (+142%), from €66,741 to €161,347
- Profit (loss) carried forward +€48,466
up €48,466 (+42.7%), from €113,511 to €161,977
- Current portion of long-term debt +€46,576
up €46,576 (+131%), from €35,630 to €82,206
- Short-term financial debts -€27,158
down €27,158 (-65.4%), from €41,547 to €14,389
- Trade debts -€16,570
down €16,570 (-60.8%), from €27,266 to €10,696
- Gross operating margin +€426,540
up €426,540 (+679%), from €62,865 to €489,405
- Turnover -€269,855
no longer reported in 2025 (was €269,855)
- Staff costs +€223,691
up €223,691 (+692%), from €32,318 to €256,009
- Purchases and services -€213,602
no longer reported in 2025 (was €213,602)
- Depreciation +€101,821
up €101,821 (+483%), from €21,090 to €122,911
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,671 | €490,051 | +€127,380 | +35.1% |
| Fixed assets | 21/28 | €204,592 | €326,557 | +€121,965 | +59.6% |
| Tangible fixed assets | 22/27 | €199,307 | €321,272 | +€121,965 | +61.2% |
| Plant, machinery and equipment | 23 | €1,740 | €1,766 | +€26 | +1.5% |
| Furniture and vehicles | 24 | €39,285 | €27,142 | -€12,143 | -30.9% |
| Leasing and similar rights | 25 | €158,281 | €292,364 | +€134,083 | +84.7% |
| Financial fixed assets | 28 | €5,285 | €5,285 | = | 0.0% |
| Current assets | 29/58 | €158,079 | €163,494 | +€5,415 | +3.4% |
| Amounts receivable within one year | 40/41 | €132,661 | €162,738 | +€30,077 | +22.7% |
| Trade receivables | 40 | €132,639 | €150,152 | +€17,513 | +13.2% |
| Other amounts receivable | 41 | €21 | €12,586 | +€12,565 | +58,989% |
| Cash at bank and in hand | 54/58 | €23,803 | €143 | -€23,660 | -99.4% |
| Deferred charges and accrued income | 490/1 | €1,616 | €613 | -€1,003 | -62.1% |
| Total equity and liabilities | 10/49 | €362,671 | €490,051 | +€127,380 | +35.1% |
| Equity | 10/15 | €155,511 | €194,977 | +€39,466 | +25.4% |
| Contributions | 10/11 | €10,000 | €1,000 | -€9,000 | -90.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,511 | €161,977 | +€48,466 | +42.7% |
| Amounts payable | 17/49 | €207,160 | €295,074 | +€87,914 | +42.4% |
| Amounts payable after more than one year | 17 | €66,741 | €161,347 | +€94,606 | +142% |
| Financial debts | 170/4 | €66,741 | €161,347 | +€94,606 | +142% |
| Amounts payable within one year | 42/48 | €139,236 | €133,727 | -€5,509 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €35,630 | €82,206 | +€46,576 | +131% |
| Financial debts | 43 | €41,547 | €14,389 | -€27,158 | -65.4% |
| Credit institutions | 430/8 | €41,547 | €14,389 | -€27,158 | -65.4% |
| Trade debts | 44 | €27,266 | €10,696 | -€16,570 | -60.8% |
| Suppliers | 440/4 | €27,266 | €10,696 | -€16,570 | -60.8% |
| Taxes, remuneration and social security | 45 | €25,330 | €17,711 | -€7,619 | -30.1% |
| Taxes | 450/3 | €17,516 | €10,417 | -€7,099 | -40.5% |
| Remuneration and social security | 454/9 | €7,814 | €7,294 | -€520 | -6.7% |
| Other amounts payable | 47/48 | €9,463 | €8,725 | -€738 | -7.8% |
| Accrued charges and deferred income | 492/3 | €1,183 | - | -€1,183 | |
| Turnover | 70 | €269,855 | - | -€269,855 | |
| Goods, raw materials, services and sundry goods | 60/61 | €213,602 | - | -€213,602 | |
| Remuneration, social security and pensions | 62 | €32,318 | €256,009 | +€223,691 | +692% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,090 | €122,911 | +€101,821 | +483% |
| Other operating charges | 640/8 | €2,571 | €24,627 | +€22,056 | +858% |
| Gross operating margin | 9900 | €62,865 | €489,405 | +€426,540 | +679% |
| Operating profit (loss) | 9901 | €6,885 | €85,858 | +€78,973 | +1,147% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.2% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.2% |
| Financial charges | 65/66B | €4,062 | €19,803 | +€15,741 | +387% |
| Recurring financial charges | 65 | €4,062 | €19,803 | +€15,741 | +387% |
| Profit (loss) for the period before taxes | 9903 | €2,838 | €66,056 | +€63,218 | +2,228% |
| Income taxes | 67/77 | €1,343 | €17,590 | +€16,247 | +1,210% |
| Profit (loss) for the period | 9904 | €1,494 | €48,466 | +€46,972 | +3,143% |
| Profit (loss) for the period to be appropriated | 9905 | €1,494 | €48,466 | +€46,972 | +3,143% |
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 17 October 2026 via checked.be.