TIM ANTIERENS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
TIM ANTIERENS
Largest movements
- Cash +€36,711
up €36,711 (+126%), from €29,032 to €65,743
mainly Net result for the year (+€38,236) and Tax, wage and social debts (+€5,805)
- Deferred charges and accrued income +€7,591
up €7,591 (+661%), from €1,149 to €8,740
- Tangible fixed assets +€2,511
up €2,511 (+50.9%), from €4,930 to €7,440
- Reserves +€36,518
up €36,518 (+488%), from €7,479 to €43,998
- Tax, wage and social debts +€5,805
up €5,805 (+53.3%), from €10,888 to €16,693
of which Taxes: +€6,010
- Other debts +€3,017
up €3,017 (+189%), from €1,593 to €4,609
- Trade debts +€1,473
up €1,473 (+982%), from €150 to €1,623
- Gross operating margin +€38,996
up €38,996 (+303%), from €12,871 to €51,867
- Taxes +€7,273
up €7,273 (+224%), from €3,248 to €10,521
- Financial charges +€1,754
up €1,754 (+426%), from €411 to €2,165
- Depreciation +€624
up €624 (+941%), from €66 to €690
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,110 | €81,923 | +€46,813 | +133% |
| Fixed assets | 21/28 | €4,930 | €7,440 | +€2,511 | +50.9% |
| Tangible fixed assets | 22/27 | €4,930 | €7,440 | +€2,511 | +50.9% |
| Furniture and vehicles | 24 | €4,930 | €7,440 | +€2,511 | +50.9% |
| Current assets | 29/58 | €30,180 | €74,483 | +€44,302 | +147% |
| Cash at bank and in hand | 54/58 | €29,032 | €65,743 | +€36,711 | +126% |
| Deferred charges and accrued income | 490/1 | €1,149 | €8,740 | +€7,591 | +661% |
| Total equity and liabilities | 10/49 | €35,110 | €81,923 | +€46,813 | +133% |
| Equity | 10/15 | €22,479 | €58,998 | +€36,518 | +162% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €7,479 | €43,998 | +€36,518 | +488% |
| Distributable reserves | 133 | €7,479 | €43,998 | +€36,518 | +488% |
| Amounts payable | 17/49 | €12,631 | €22,925 | +€10,295 | +81.5% |
| Amounts payable within one year | 42/48 | €12,631 | €22,925 | +€10,295 | +81.5% |
| Trade debts | 44 | €150 | €1,623 | +€1,473 | +982% |
| Suppliers | 440/4 | €150 | €1,623 | +€1,473 | +982% |
| Taxes, remuneration and social security | 45 | €10,888 | €16,693 | +€5,805 | +53.3% |
| Taxes | 450/3 | €10,683 | €16,693 | +€6,010 | +56.3% |
| Remuneration and social security | 454/9 | €205 | - | -€205 | |
| Other amounts payable | 47/48 | €1,593 | €4,609 | +€3,017 | +189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66 | €690 | +€624 | +941% |
| Other operating charges | 640/8 | - | €255 | +€255 | |
| Gross operating margin | 9900 | €12,871 | €51,867 | +€38,996 | +303% |
| Operating profit (loss) | 9901 | €12,805 | €50,922 | +€38,117 | +298% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €411 | €2,165 | +€1,754 | +426% |
| Recurring financial charges | 65 | €411 | €2,165 | +€1,754 | +426% |
| Profit (loss) for the period before taxes | 9903 | €12,393 | €48,757 | +€36,364 | +293% |
| Income taxes | 67/77 | €3,248 | €10,521 | +€7,273 | +224% |
| Profit (loss) for the period | 9904 | €9,145 | €38,236 | +€29,091 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €9,145 | €38,236 | +€29,091 | +318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.