TIM Bouwwerken: what changed
What changed
TIM Bouwwerken
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€32,419
2024 · €35,011-€2,592
Equity
€138,300
2024 · €105,882+€32,419
Cash
€3,817
2024 · €1,692+€2,125
Balance sheet total
€384,493
2024 · €387,834-€3,342
Largest movements
Assets
- Deferred charges and accrued income +€51,912
up €51,912 (+1,503%), from €3,455 to €55,367
- Receivables within one year -€46,808
down €46,808 (-14.2%), from €329,686 to €282,878
of which Trade receivables: -€30,710
- Tangible fixed assets -€18,673
down €18,673 (-44.2%), from €42,252 to €23,578
of which Furniture and vehicles: -€15,162
- Current investments +€8,102
up €8,102 (+75.4%), from €10,750 to €18,852
Equity and liabilities
- Trade debts -€35,353
down €35,353 (-20.7%), from €170,824 to €135,471
- Reserves +€25,000
up €25,000 (+16.8%), from €149,160 to €174,160
- Current portion of long-term debt -€13,351
down €13,351 (-68.6%), from €19,467 to €6,115
- Advances received +€9,000
new in 2025: €9,000
- Profit (loss) carried forward +€7,419
up €7,419 (+15.0%), from -€49,478 to -€42,060
Income statement
- Staff costs -€147,901
down €147,901 (-49.0%), from €301,575 to €153,673
- Gross operating margin -€142,046
down €142,046 (-36.5%), from €388,887 to €246,841
- Other operating charges +€7,324
up €7,324 (+29.1%), from €25,173 to €32,497
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.
Result 2024
€35,011
Gross operating margin
-€142,046
Staff costs
+€147,901
Depreciation
+€1,585
Other operating charges
-€7,324
Financial income
-€1,185
Financial charges
-€355
Taxes
-€1,169
Result 2025
€32,419
raises the resultlowers the result
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.
From operations
+€29,135
Investment
-€8,102
Financing
-€18,907
Cash 2024
€1,692
From operations (derived)
+€29,135
Net result for the year
+€32,419
Depreciation
+€18,673
Receivables within one year
+€46,808
Deferred charges and accrued income
-€51,912
Trade debts
-€35,353
Tax, wage and social debts
+€7,110
Advances received
+€9,000
Other debts
+€2,391
Investment (derived)
-€8,102
Current investments
-€8,102
Financing
-€18,907
Debts after one year
-€6,990
Current portion of long-term debt
-€13,351
Short-term financial debts
+€1,434
Cash 2025
€3,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,834 | €384,493 | -€3,342 | -0.9% |
| Fixed assets | 21/28 | €42,252 | €23,578 | -€18,673 | -44.2% |
| Tangible fixed assets | 22/27 | €42,252 | €23,578 | -€18,673 | -44.2% |
| Plant, machinery and equipment | 23 | €10,066 | €6,554 | -€3,512 | -34.9% |
| Furniture and vehicles | 24 | €32,186 | €17,024 | -€15,162 | -47.1% |
| Current assets | 29/58 | €345,582 | €360,914 | +€15,332 | +4.4% |
| Amounts receivable within one year | 40/41 | €329,686 | €282,878 | -€46,808 | -14.2% |
| Trade receivables | 40 | €133,497 | €102,787 | -€30,710 | -23.0% |
| Other amounts receivable | 41 | €196,189 | €180,091 | -€16,098 | -8.2% |
| Current investments | 50/53 | €10,750 | €18,852 | +€8,102 | +75.4% |
| Cash at bank and in hand | 54/58 | €1,692 | €3,817 | +€2,125 | +126% |
| Deferred charges and accrued income | 490/1 | €3,455 | €55,367 | +€51,912 | +1,503% |
| Total equity and liabilities | 10/49 | €387,834 | €384,493 | -€3,342 | -0.9% |
| Equity | 10/15 | €105,882 | €138,300 | +€32,419 | +30.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €149,160 | €174,160 | +€25,000 | +16.8% |
| Distributable reserves | 133 | €149,160 | €174,160 | +€25,000 | +16.8% |
| Profit (loss) carried forward | 14 | -€49,478 | -€42,060 | +€7,419 | +15.0% |
| Amounts payable | 17/49 | €281,952 | €246,192 | -€35,760 | -12.7% |
| Amounts payable after more than one year | 17 | €6,990 | - | -€6,990 | |
| Financial debts | 170/4 | €6,990 | - | -€6,990 | |
| Amounts payable within one year | 42/48 | €274,962 | €246,192 | -€28,770 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €19,467 | €6,115 | -€13,351 | -68.6% |
| Financial debts | 43 | €8,508 | €9,942 | +€1,434 | +16.9% |
| Credit institutions | 430/8 | €8,508 | €9,942 | +€1,434 | +16.9% |
| Trade debts | 44 | €170,824 | €135,471 | -€35,353 | -20.7% |
| Suppliers | 440/4 | €170,824 | €135,471 | -€35,353 | -20.7% |
| Advances received on contracts in progress | 46 | - | €9,000 | +€9,000 | |
| Taxes, remuneration and social security | 45 | €47,024 | €54,134 | +€7,110 | +15.1% |
| Taxes | 450/3 | €18,940 | €33,610 | +€14,670 | +77.5% |
| Remuneration and social security | 454/9 | €28,084 | €20,524 | -€7,560 | -26.9% |
| Other amounts payable | 47/48 | €29,139 | €31,530 | +€2,391 | +8.2% |
| Remuneration, social security and pensions | 62 | €301,575 | €153,673 | -€147,901 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,258 | €18,673 | -€1,585 | -7.8% |
| Other operating charges | 640/8 | €25,173 | €32,497 | +€7,324 | +29.1% |
| Gross operating margin | 9900 | €388,887 | €246,841 | -€142,046 | -36.5% |
| Operating profit (loss) | 9901 | €41,881 | €41,997 | +€116 | +0.3% |
| Financial income | 75/76B | €8,593 | €7,407 | -€1,185 | -13.8% |
| Recurring financial income | 75 | €8,593 | €7,407 | -€1,185 | -13.8% |
| Financial charges | 65/66B | €2,634 | €2,989 | +€355 | +13.5% |
| Recurring financial charges | 65 | €2,634 | €2,989 | +€355 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €47,839 | €46,416 | -€1,423 | -3.0% |
| Income taxes | 67/77 | €12,829 | €13,997 | +€1,169 | +9.1% |
| Profit (loss) for the period | 9904 | €35,011 | €32,419 | -€2,592 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,011 | €32,419 | -€2,592 | -7.4% |
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Calculation and sources
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 6 November 2026 via checked.be.