TIEM: 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.
TIEM
Largest movements
- Tangible fixed assets -€64,753
down €64,753 (-13.8%), from €467,958 to €403,205
of which Land and buildings: -€58,773
- Receivables within one year +€51,027
up €51,027 (+15.9%), from €320,086 to €371,112
of which Trade receivables: +€291,444
- Debts after one year -€33,056
down €33,056 (-9.1%), from €363,564 to €330,508
- Trade debts +€18,503
up €18,503 (+752.7%), from €2,458 to €20,961
- Gross operating margin -€15,932
down €15,932 (-15.3%), from €103,850 to €87,917
- Other operating charges +€13,638
up €13,638 (+1299.1%), from €1,050 to €14,688
- Taxes -€4,936
down €4,936 (-81.6%), from €6,052 to €1,116
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 | €815,437 | €798,667 | -€16,770 | -2.1% |
| Fixed assets | 21/28 | €467,958 | €403,205 | -€64,753 | -13.8% |
| Tangible fixed assets | 22/27 | €467,958 | €403,205 | -€64,753 | -13.8% |
| Land and buildings | 22 | €455,984 | €397,211 | -€58,773 | -12.9% |
| Furniture and vehicles | 24 | €11,974 | €5,994 | -€5,980 | -49.9% |
| Current assets | 29/58 | €347,480 | €395,462 | +€47,983 | +13.8% |
| Amounts receivable within one year | 40/41 | €320,086 | €371,112 | +€51,027 | +15.9% |
| Trade receivables | 40 | €8,561 | €300,005 | +€291,444 | +3404.3% |
| Other amounts receivable | 41 | €311,524 | €71,107 | -€240,417 | -77.2% |
| Cash at bank and in hand | 54/58 | €21,113 | €17,675 | -€3,438 | -16.3% |
| Deferred charges and accrued income | 490/1 | €6,281 | €6,675 | +€394 | +6.3% |
| Total equity and liabilities | 10/49 | €815,437 | €798,667 | -€16,770 | -2.1% |
| Equity | 10/15 | €394,608 | €393,130 | -€1,479 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €339,705 | €339,705 | = | 0.0% |
| Distributable reserves | 133 | €339,705 | €339,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,703 | €47,224 | -€1,479 | -3.0% |
| Amounts payable | 17/49 | €420,829 | €405,537 | -€15,292 | -3.6% |
| Amounts payable after more than one year | 17 | €363,564 | €330,508 | -€33,056 | -9.1% |
| Financial debts | 170/4 | €363,564 | €330,508 | -€33,056 | -9.1% |
| Amounts payable within one year | 42/48 | €54,487 | €71,060 | +€16,573 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €33,512 | €33,056 | -€456 | -1.4% |
| Trade debts | 44 | €2,458 | €20,961 | +€18,503 | +752.7% |
| Suppliers | 440/4 | €2,458 | €20,961 | +€18,503 | +752.7% |
| Taxes, remuneration and social security | 45 | €14,992 | €13,518 | -€1,474 | -9.8% |
| Taxes | 450/3 | €10,192 | €8,718 | -€1,474 | -14.5% |
| Remuneration and social security | 454/9 | €4,800 | €4,800 | = | 0.0% |
| Other amounts payable | 47/48 | €3,525 | €3,525 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,778 | €3,970 | +€1,192 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,429 | €64,753 | -€677 | -1.0% |
| Other operating charges | 640/8 | €1,050 | €14,688 | +€13,638 | +1299.1% |
| Gross operating margin | 9900 | €103,850 | €87,917 | -€15,932 | -15.3% |
| Operating profit (loss) | 9901 | €37,371 | €8,476 | -€28,894 | -77.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -28.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -28.6% |
| Financial charges | 65/66B | €9,362 | €8,838 | -€524 | -5.6% |
| Recurring financial charges | 65 | €9,362 | €8,838 | -€524 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €28,008 | -€362 | -€28,370 | |
| Income taxes | 67/77 | €6,052 | €1,116 | -€4,936 | -81.6% |
| Profit (loss) for the period | 9904 | €21,956 | -€1,479 | -€23,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,956 | -€1,479 | -€23,435 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.