TIJM: 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.
TIJM
Largest movements
- Receivables within one year -€36,853
down €36,853 (-42.6%), from €86,503 to €49,650
- Tangible fixed assets -€16,851
down €16,851 (-2.8%), from €595,033 to €578,182
- Cash -€8,970
down €8,970 (-35.5%), from €25,286 to €16,317
mainly Contributions, distributions and other (-€200,000) and Other debts (-€82,890)
- Other debts -€82,890
down €82,890 (-21.4%), from €386,539 to €303,649
- Reserves +€44,540
up €44,540 (+16.4%), from €271,312 to €315,852
of which Distributable reserves: +€44,540
- Trade debts -€12,770
down €12,770 (-55.1%), from €23,181 to €10,411
- Short-term financial debts -€9,319
down €9,319 (-29.0%), from €32,147 to €22,828
- Gross operating margin -€98,066
down €98,066 (-22.3%), from €440,472 to €342,405
- Taxes -€19,986
down €19,986 (-19.4%), from €103,174 to €83,188
- Financial income +€5,231
up €5,231 (+84.3%), from €6,204 to €11,435
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 | €750,978 | €689,362 | -€61,617 | -8.2% |
| Fixed assets | 21/28 | €635,033 | €618,182 | -€16,851 | -2.7% |
| Tangible fixed assets | 22/27 | €595,033 | €578,182 | -€16,851 | -2.8% |
| Land and buildings | 22 | €595,033 | €578,182 | -€16,851 | -2.8% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €115,945 | €71,180 | -€44,765 | -38.6% |
| Amounts receivable within one year | 40/41 | €86,503 | €49,650 | -€36,853 | -42.6% |
| Other amounts receivable | 41 | €86,503 | €49,650 | -€36,853 | -42.6% |
| Cash at bank and in hand | 54/58 | €25,286 | €16,317 | -€8,970 | -35.5% |
| Deferred charges and accrued income | 490/1 | €4,155 | €5,213 | +€1,058 | +25.4% |
| Total equity and liabilities | 10/49 | €750,978 | €689,362 | -€61,617 | -8.2% |
| Equity | 10/15 | €303,960 | €348,500 | +€44,540 | +14.7% |
| Contributions | 10/11 | €32,647 | €32,647 | = | 0.0% |
| Reserves | 13 | €271,312 | €315,852 | +€44,540 | +16.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €266,312 | €310,852 | +€44,540 | +16.7% |
| Amounts payable | 17/49 | €447,019 | €340,862 | -€106,156 | -23.7% |
| Amounts payable within one year | 42/48 | €445,040 | €336,888 | -€108,152 | -24.3% |
| Financial debts | 43 | €32,147 | €22,828 | -€9,319 | -29.0% |
| Credit institutions | 430/8 | €32,147 | €22,828 | -€9,319 | -29.0% |
| Trade debts | 44 | €23,181 | €10,411 | -€12,770 | -55.1% |
| Suppliers | 440/4 | €23,181 | €10,411 | -€12,770 | -55.1% |
| Taxes, remuneration and social security | 45 | €3,174 | - | -€3,174 | |
| Taxes | 450/3 | €3,174 | - | -€3,174 | |
| Other amounts payable | 47/48 | €386,539 | €303,649 | -€82,890 | -21.4% |
| Accrued charges and deferred income | 492/3 | €1,978 | €3,974 | +€1,996 | +100.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,851 | €16,851 | = | 0.0% |
| Other operating charges | 640/8 | €4,403 | €4,788 | +€385 | +8.8% |
| Gross operating margin | 9900 | €440,472 | €342,405 | -€98,066 | -22.3% |
| Operating profit (loss) | 9901 | €419,217 | €320,766 | -€98,452 | -23.5% |
| Financial income | 75/76B | €6,204 | €11,435 | +€5,231 | +84.3% |
| Recurring financial income | 75 | €6,204 | €11,435 | +€5,231 | +84.3% |
| Financial charges | 65/66B | €3,827 | €4,474 | +€646 | +16.9% |
| Recurring financial charges | 65 | €3,827 | €4,474 | +€646 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €421,595 | €327,728 | -€93,867 | -22.3% |
| Income taxes | 67/77 | €103,174 | €83,188 | -€19,986 | -19.4% |
| Profit (loss) for the period | 9904 | €318,421 | €244,540 | -€73,881 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €318,421 | €244,540 | -€73,881 | -23.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.