TIAMI: 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.
TIAMI
Largest movements
- Cash -€40,511
down €40,511 (-47.2%), from €85,861 to €45,350
mainly Receivables within one year (-€39,624) and Net result for the year (-€20,682)
- Receivables within one year +€39,624
up €39,624 (+51.1%), from €77,605 to €117,229
of which Other amounts receivable: +€40,124
- Tangible fixed assets -€18,367
down €18,367 (-76.2%), from €24,092 to €5,725
of which Plant, machinery and equipment: -€16,530
- Deferred charges and accrued income -€6,017
down €6,017 (-52.7%), from €11,421 to €5,404
- Profit (loss) carried forward -€20,682
down €20,682 (-38.9%), from -€53,232 to -€73,915
- Tax, wage and social debts -€20,018
down €20,018 (-45.6%), from €43,946 to €23,928
of which Taxes: -€20,365
- Trade debts +€14,531
up €14,531 (+9.3%), from €156,299 to €170,829
- Current portion of long-term debt +€9,184
up €9,184 (+31.7%), from €29,008 to €38,192
- Debts after one year -€7,970
down €7,970 (-16.2%), from €49,167 to €41,198
- Other operating charges +€45,069
up €45,069 (+458%), from €9,834 to €54,903
- Gross operating margin +€42,731
up €42,731 (+21.3%), from €201,041 to €243,772
- Staff costs -€24,172
down €24,172 (-11.7%), from €206,707 to €182,536
- Financial charges +€4,043
up €4,043 (+48.6%), from €8,317 to €12,360
- Depreciation -€3,547
down €3,547 (-16.2%), from €21,914 to €18,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,998 | €251,363 | -€24,635 | -8.9% |
| Fixed assets | 21/28 | €25,692 | €7,325 | -€18,367 | -71.5% |
| Tangible fixed assets | 22/27 | €24,092 | €5,725 | -€18,367 | -76.2% |
| Plant, machinery and equipment | 23 | €21,005 | €4,475 | -€16,530 | -78.7% |
| Furniture and vehicles | 24 | €3,087 | €1,250 | -€1,837 | -59.5% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €250,306 | €244,038 | -€6,268 | -2.5% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,419 | €11,054 | +€635 | +6.1% |
| Stocks | 30/36 | €10,419 | €11,054 | +€635 | +6.1% |
| Amounts receivable within one year | 40/41 | €77,605 | €117,229 | +€39,624 | +51.1% |
| Trade receivables | 40 | €500 | €0 | -€500 | -100% |
| Other amounts receivable | 41 | €77,105 | €117,229 | +€40,124 | +52.0% |
| Cash at bank and in hand | 54/58 | €85,861 | €45,350 | -€40,511 | -47.2% |
| Deferred charges and accrued income | 490/1 | €11,421 | €5,404 | -€6,017 | -52.7% |
| Total equity and liabilities | 10/49 | €275,998 | €251,363 | -€24,635 | -8.9% |
| Equity | 10/15 | -€10,072 | -€30,755 | -€20,682 | -205% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,560 | €24,560 | = | 0.0% |
| Distributable reserves | 133 | €24,560 | €24,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,232 | -€73,915 | -€20,682 | -38.9% |
| Amounts payable | 17/49 | €286,071 | €282,118 | -€3,953 | -1.4% |
| Amounts payable after more than one year | 17 | €49,167 | €41,198 | -€7,970 | -16.2% |
| Financial debts | 170/4 | €49,167 | €41,198 | -€7,970 | -16.2% |
| Amounts payable within one year | 42/48 | €236,272 | €240,920 | +€4,649 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €29,008 | €38,192 | +€9,184 | +31.7% |
| Financial debts | 43 | €7,019 | €7,972 | +€953 | +13.6% |
| Credit institutions | 430/8 | €7,019 | €7,972 | +€953 | +13.6% |
| Trade debts | 44 | €156,299 | €170,829 | +€14,531 | +9.3% |
| Suppliers | 440/4 | €156,299 | €170,829 | +€14,531 | +9.3% |
| Taxes, remuneration and social security | 45 | €43,946 | €23,928 | -€20,018 | -45.6% |
| Taxes | 450/3 | €25,899 | €5,534 | -€20,365 | -78.6% |
| Remuneration and social security | 454/9 | €18,047 | €18,394 | +€347 | +1.9% |
| Accrued charges and deferred income | 492/3 | €632 | €0 | -€632 | -100% |
| Remuneration, social security and pensions | 62 | €206,707 | €182,536 | -€24,172 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,914 | €18,367 | -€3,547 | -16.2% |
| Other operating charges | 640/8 | €9,834 | €54,903 | +€45,069 | +458% |
| Gross operating margin | 9900 | €201,041 | €243,772 | +€42,731 | +21.3% |
| Operating profit (loss) | 9901 | -€37,415 | -€12,034 | +€25,381 | +67.8% |
| Financial income | 75/76B | €3,992 | €4,156 | +€164 | +4.1% |
| Recurring financial income | 75 | €3,992 | €4,156 | +€164 | +4.1% |
| Financial charges | 65/66B | €8,317 | €12,360 | +€4,043 | +48.6% |
| Recurring financial charges | 65 | €8,317 | €12,360 | +€4,043 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,740 | -€20,238 | +€21,502 | +51.5% |
| Income taxes | 67/77 | €444 | €444 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€42,184 | -€20,682 | +€21,502 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,184 | -€20,682 | +€21,502 | +51.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.