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.
TIM
Largest movements
- Cash -€810,869
down €810,869 (-62.9%), from €1.3m to €478,641
mainly Contributions, distributions and other (-€2.0m) and Net result for the year (-€135,988)
- Receivables within one year -€569,627
down €569,627 (-43.1%), from €1.3m to €752,335
of which Other amounts receivable: -€680,543
- Current investments -€244,000
down €244,000 (-100.0%), from €244,000 to €0
- Tangible fixed assets +€47,081
up €47,081 (+522.4%), from €9,012 to €56,093
- Reserves -€2.0m
down €2.0m (-83.5%), from €2.4m to €392,152
of which Non-distributable reserves: -€1.2m
- Accrued charges and deferred income +€234,383
up €234,383 (+3532.8%), from €6,634 to €241,017
- Tax, wage and social debts +€205,650
up €205,650 (+173.2%), from €118,728 to €324,377
of which Taxes: +€161,248
- Provisions +€155,400
up €155,400 (+204.5%), from €76,000 to €231,400
- Profit (loss) carried forward -€135,988
new in 2025: -€135,988
- Taxes +€317,476
up €317,476 (+636.6%), from €49,869 to €367,345
- Other operating charges -€268,901
down €268,901 (-96.3%), from €279,202 to €10,301
- Gross operating margin +€157,007
up €157,007 (+16.0%), from €984,137 to €1.1m
- Provisions +€155,400
new in 2025: €155,400
- Staff costs +€103,135
up €103,135 (+16.4%), from €626,974 to €730,109
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 | €2,868,822 | €1,287,786 | -€1.6m | -55.1% |
| Formation expenses | 20 | €358 | €358 | = | 0.0% |
| Fixed assets | 21/28 | €9,371 | €56,452 | +€47,081 | +502.4% |
| Tangible fixed assets | 22/27 | €9,012 | €56,093 | +€47,081 | +522.4% |
| Furniture and vehicles | 24 | €9,012 | €56,093 | +€47,081 | +522.4% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €2,859,092 | €1,230,975 | -€1.6m | -56.9% |
| Stocks and contracts in progress | 3 | €3,621 | €0 | -€3,621 | -100.0% |
| Stocks | 30/36 | €3,621 | €0 | -€3,621 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,321,962 | €752,335 | -€569,627 | -43.1% |
| Trade receivables | 40 | €609,769 | €720,686 | +€110,916 | +18.2% |
| Other amounts receivable | 41 | €712,192 | €31,649 | -€680,543 | -95.6% |
| Current investments | 50/53 | €244,000 | €0 | -€244,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,289,509 | €478,641 | -€810,869 | -62.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,868,822 | €1,287,786 | -€1.6m | -55.1% |
| Equity | 10/15 | €2,386,852 | €262,364 | -€2.1m | -89.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,380,652 | €392,152 | -€2.0m | -83.5% |
| Non-distributable reserves | 130/1 | €1,546,052 | €392,152 | -€1.2m | -74.6% |
| Reserves not available under the articles | 1311 | €1,546,052 | €392,152 | -€1.2m | -74.6% |
| Distributable reserves | 133 | €834,600 | €0 | -€834,600 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€135,988 | -€135,988 | |
| Provisions and deferred taxes | 16 | €76,000 | €231,400 | +€155,400 | +204.5% |
| Provisions for liabilities and charges | 160/5 | €76,000 | €231,400 | +€155,400 | +204.5% |
| Other liabilities and charges | 164/5 | €76,000 | €231,400 | +€155,400 | +204.5% |
| Amounts payable | 17/49 | €405,970 | €794,022 | +€388,052 | +95.6% |
| Amounts payable within one year | 42/48 | €399,336 | €553,005 | +€153,669 | +38.5% |
| Trade debts | 44 | €239,428 | €223,538 | -€15,890 | -6.6% |
| Suppliers | 440/4 | €239,428 | €223,538 | -€15,890 | -6.6% |
| Advances received on contracts in progress | 46 | €0 | €5,090 | +€5,090 | |
| Taxes, remuneration and social security | 45 | €118,728 | €324,377 | +€205,650 | +173.2% |
| Taxes | 450/3 | €108,431 | €269,679 | +€161,248 | +148.7% |
| Remuneration and social security | 454/9 | €10,297 | €54,698 | +€44,401 | +431.2% |
| Other amounts payable | 47/48 | €41,181 | €0 | -€41,181 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,634 | €241,017 | +€234,383 | +3532.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €626,974 | €730,109 | +€103,135 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,368 | €9,580 | +€1,212 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,670 | €0 | +€56,670 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €155,400 | +€155,400 | |
| Other operating charges | 640/8 | €279,202 | €10,301 | -€268,901 | -96.3% |
| Non-recurring operating charges | 66A | €2,905 | €12,592 | +€9,687 | +333.5% |
| Gross operating margin | 9900 | €984,137 | €1,141,145 | +€157,007 | +16.0% |
| Operating profit (loss) | 9901 | €123,358 | €223,162 | +€99,803 | +80.9% |
| Financial income | 75/76B | €81,671 | €8,584 | -€73,087 | -89.5% |
| Recurring financial income | 75 | €81,671 | €8,584 | -€73,087 | -89.5% |
| Financial charges | 65/66B | €16,491 | €388 | -€16,103 | -97.6% |
| Recurring financial charges | 65 | €16,491 | €388 | -€16,103 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | €188,537 | €231,357 | +€42,820 | +22.7% |
| Income taxes | 67/77 | €49,869 | €367,345 | +€317,476 | +636.6% |
| Profit (loss) for the period | 9904 | €138,668 | -€135,988 | -€274,656 | |
| Transfer from tax-exempt reserves | 789 | - | €1,153,900 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €138,668 | €1,017,912 | +€879,244 | +634.1% |
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 30 September 2026 via checked.be.