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
- Receivables within one year +€20,632
up €20,632 (+64.3%), from €32,091 to €52,723
of which Other amounts receivable: +€15,232
- Tangible fixed assets -€9,966
down €9,966 (-9.2%), from €108,896 to €98,930
of which Leasing and similar rights: -€9,805
- Reserves +€19,500
up €19,500 (+75.7%), from €25,774 to €45,274
- Debts after one year -€11,113
down €11,113 (-11.9%), from €93,618 to €82,506
- Gross operating margin +€10,958
up €10,958 (+34.3%), from €31,983 to €42,940
- Taxes +€4,214
up €4,214 (+116.6%), from €3,616 to €7,830
- Depreciation +€543
up €543 (+5.8%), from €9,423 to €9,966
- Financial charges -€486
down €486 (-13.9%), from €3,483 to €2,997
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 | €150,103 | €158,258 | +€8,155 | +5.4% |
| Fixed assets | 21/28 | €108,896 | €98,930 | -€9,966 | -9.2% |
| Tangible fixed assets | 22/27 | €108,896 | €98,930 | -€9,966 | -9.2% |
| Plant, machinery and equipment | 23 | €1,358 | €1,197 | -€161 | -11.8% |
| Leasing and similar rights | 25 | €107,538 | €97,733 | -€9,805 | -9.1% |
| Current assets | 29/58 | €41,207 | €59,328 | +€18,120 | +44.0% |
| Stocks and contracts in progress | 3 | €488 | €199 | -€289 | -59.2% |
| Stocks | 30/36 | €488 | €199 | -€289 | -59.2% |
| Amounts receivable within one year | 40/41 | €32,091 | €52,723 | +€20,632 | +64.3% |
| Trade receivables | 40 | €391 | €5,791 | +€5,400 | +1380.3% |
| Other amounts receivable | 41 | €31,700 | €46,932 | +€15,232 | +48.1% |
| Cash at bank and in hand | 54/58 | €7,356 | €5,790 | -€1,566 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,272 | €614 | -€657 | -51.7% |
| Total equity and liabilities | 10/49 | €150,103 | €158,258 | +€8,155 | +5.4% |
| Equity | 10/15 | €39,834 | €59,427 | +€19,593 | +49.2% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €25,774 | €45,274 | +€19,500 | +75.7% |
| Distributable reserves | 133 | €25,774 | €45,274 | +€19,500 | +75.7% |
| Profit (loss) carried forward | 14 | €360 | €453 | +€93 | +26.0% |
| Amounts payable | 17/49 | €110,269 | €98,830 | -€11,439 | -10.4% |
| Amounts payable after more than one year | 17 | €93,618 | €82,506 | -€11,113 | -11.9% |
| Financial debts | 170/4 | €93,618 | €82,506 | -€11,113 | -11.9% |
| Amounts payable within one year | 42/48 | €15,874 | €16,010 | +€135 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €14,583 | €13,020 | -€1,563 | -10.7% |
| Trade debts | 44 | €675 | €1,219 | +€544 | +80.7% |
| Suppliers | 440/4 | €675 | €1,219 | +€544 | +80.7% |
| Taxes, remuneration and social security | 45 | €617 | €1,771 | +€1,154 | +187.2% |
| Taxes | 450/3 | €617 | €1,771 | +€1,154 | +187.2% |
| Accrued charges and deferred income | 492/3 | €777 | €315 | -€462 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,423 | €9,966 | +€543 | +5.8% |
| Other operating charges | 640/8 | €2,795 | €2,590 | -€204 | -7.3% |
| Gross operating margin | 9900 | €31,983 | €42,940 | +€10,958 | +34.3% |
| Operating profit (loss) | 9901 | €19,765 | €30,384 | +€10,619 | +53.7% |
| Financial income | 75/76B | €5 | €36 | +€31 | +579.5% |
| Recurring financial income | 75 | €5 | €36 | +€31 | +579.5% |
| Financial charges | 65/66B | €3,483 | €2,997 | -€486 | -13.9% |
| Recurring financial charges | 65 | €3,483 | €2,997 | -€486 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €16,288 | €27,423 | +€11,136 | +68.4% |
| Income taxes | 67/77 | €3,616 | €7,830 | +€4,214 | +116.6% |
| Profit (loss) for the period | 9904 | €12,672 | €19,593 | +€6,921 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,672 | €19,593 | +€6,921 | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.