TIM and Co: 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.
TIM and Co
Largest movements
- Tangible fixed assets -€63,385
down €63,385 (-13.9%), from €454,833 to €391,448
of which Land and buildings: -€48,927
- Cash -€48,164
down €48,164 (-65.5%), from €73,505 to €25,341
mainly Contributions, distributions and other (-€290,000) and Debts after one year (-€50,000)
- Profit (loss) carried forward -€285,302
down €285,302 (-99.1%), from €287,967 to €2,665
- Other debts +€160,000
up €160,000 (+123%), from €130,226 to €290,226
- Reserves +€94,231
up €94,231 (+15.8%), from €595,215 to €689,445
of which Distributable reserves: +€150,598
- Debts after one year -€50,000
down €50,000 (-10.8%), from €462,500 to €412,500
- Tax, wage and social debts -€23,285
down €23,285 (-66.9%), from €34,785 to €11,500
- Gross operating margin -€104,085
down €104,085 (-42.5%), from €244,766 to €140,681
- Taxes -€27,418
down €27,418 (-63.8%), from €42,951 to €15,533
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.
Derived cash bridge
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 | €1,981,919 | €1,867,677 | -€114,242 | -5.8% |
| Fixed assets | 21/28 | €454,833 | €391,448 | -€63,385 | -13.9% |
| Tangible fixed assets | 22/27 | €454,833 | €391,448 | -€63,385 | -13.9% |
| Land and buildings | 22 | €418,618 | €369,692 | -€48,927 | -11.7% |
| Furniture and vehicles | 24 | €36,214 | €21,756 | -€14,459 | -39.9% |
| Current assets | 29/58 | €1,527,086 | €1,476,229 | -€50,857 | -3.3% |
| Amounts receivable within one year | 40/41 | €14 | €9,005 | +€8,991 | +64,871% |
| Other amounts receivable | 41 | €14 | €9,005 | +€8,991 | +64,871% |
| Current investments | 50/53 | €1,452,441 | €1,436,393 | -€16,048 | -1.1% |
| Cash at bank and in hand | 54/58 | €73,505 | €25,341 | -€48,164 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,126 | €5,490 | +€4,364 | +387% |
| Total equity and liabilities | 10/49 | €1,981,919 | €1,867,677 | -€114,242 | -5.8% |
| Equity | 10/15 | €1,239,157 | €1,048,085 | -€191,071 | -15.4% |
| Contributions | 10/11 | €355,975 | €355,975 | = | 0.0% |
| Reserves | 13 | €595,215 | €689,445 | +€94,231 | +15.8% |
| Non-distributable reserves | 130/1 | €35,598 | - | -€35,598 | |
| Reserves not available under the articles | 1311 | €35,598 | - | -€35,598 | |
| Tax-exempt reserves | 132 | €169,617 | €148,848 | -€20,769 | -12.2% |
| Distributable reserves | 133 | €390,000 | €540,598 | +€150,598 | +38.6% |
| Profit (loss) carried forward | 14 | €287,967 | €2,665 | -€285,302 | -99.1% |
| Provisions and deferred taxes | 16 | €56,539 | €49,616 | -€6,923 | -12.2% |
| Deferred taxes | 168 | €56,539 | €49,616 | -€6,923 | -12.2% |
| Amounts payable | 17/49 | €686,223 | €769,976 | +€83,752 | +12.2% |
| Amounts payable after more than one year | 17 | €462,500 | €412,500 | -€50,000 | -10.8% |
| Financial debts | 170/4 | €462,500 | €412,500 | -€50,000 | -10.8% |
| Amounts payable within one year | 42/48 | €219,178 | €351,726 | +€132,548 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €54,167 | €50,000 | -€4,167 | -7.7% |
| Taxes, remuneration and social security | 45 | €34,785 | €11,500 | -€23,285 | -66.9% |
| Taxes | 450/3 | €34,785 | €11,500 | -€23,285 | -66.9% |
| Other amounts payable | 47/48 | €130,226 | €290,226 | +€160,000 | +123% |
| Accrued charges and deferred income | 492/3 | €4,546 | €5,750 | +€1,204 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,460 | €63,385 | -€74 | -0.1% |
| Other operating charges | 640/8 | €5,126 | €5,302 | +€176 | +3.4% |
| Gross operating margin | 9900 | €244,766 | €140,681 | -€104,085 | -42.5% |
| Operating profit (loss) | 9901 | €176,180 | €71,994 | -€104,186 | -59.1% |
| Financial income | 75/76B | €44,538 | €43,417 | -€1,121 | -2.5% |
| Recurring financial income | 75 | €44,538 | €43,417 | -€1,121 | -2.5% |
| Financial charges | 65/66B | €8,589 | €7,872 | -€717 | -8.4% |
| Recurring financial charges | 65 | €8,589 | €7,872 | -€717 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €212,129 | €107,538 | -€104,590 | -49.3% |
| Transfer from deferred taxes | 780 | €6,923 | €6,923 | = | 0.0% |
| Income taxes | 67/77 | €42,951 | €15,533 | -€27,418 | -63.8% |
| Profit (loss) for the period | 9904 | €176,101 | €98,929 | -€77,172 | -43.8% |
| Transfer from tax-exempt reserves | 789 | €20,769 | €20,769 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,870 | €119,698 | -€77,172 | -39.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.