TIM COLLIER: 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 COLLIER
Largest movements
- Receivables within one year +€198,859
up €198,859 (+280.9%), from €70,786 to €269,645
of which Other amounts receivable: +€147,239
- Cash -€123,519
down €123,519 (-61.8%), from €199,945 to €76,426
mainly Receivables within one year (-€198,859) and Investment in fixed assets (net) (-€117,525)
- Financial fixed assets +€105,000
new in 2025: €105,000
- Receivables after one year -€29,691
down €29,691 (-56.7%), from €52,386 to €22,695
- Reserves +€93,374
up €93,374 (+35.0%), from €266,573 to €359,948
- Trade debts +€46,198
up €46,198 (+159.4%), from €28,983 to €75,181
- Tax, wage and social debts +€23,285
up €23,285 (+2534.2%), from €919 to €24,204
of which Taxes: +€24,204
- Debts after one year -€15,840
down €15,840 (-10.7%), from €147,405 to €131,565
- Gross operating margin +€110,364
up €110,364 (+115.2%), from €95,842 to €206,206
- Taxes +€29,666
up €29,666 (+121.0%), from €24,517 to €54,182
- Financial income -€10,913
down €10,913 (-95.7%), from €11,401 to €488
- Financial charges +€3,406
up €3,406 (+40.1%), from €8,492 to €11,898
- Depreciation +€2,112
up €2,112 (+15.8%), from €13,380 to €15,492
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 | €482,698 | €630,451 | +€147,754 | +30.6% |
| Fixed assets | 21/28 | €157,907 | €259,939 | +€102,033 | +64.6% |
| Tangible fixed assets | 22/27 | €157,907 | €154,939 | -€2,967 | -1.9% |
| Land and buildings | 22 | €143,627 | €133,209 | -€10,418 | -7.3% |
| Plant, machinery and equipment | 23 | €2,272 | €1,498 | -€773 | -34.0% |
| Furniture and vehicles | 24 | €12,008 | €20,232 | +€8,224 | +68.5% |
| Financial fixed assets | 28 | - | €105,000 | +€105,000 | |
| Current assets | 29/58 | €324,791 | €370,512 | +€45,721 | +14.1% |
| Amounts receivable after more than one year | 29 | €52,386 | €22,695 | -€29,691 | -56.7% |
| Other amounts receivable | 291 | €52,386 | €22,695 | -€29,691 | -56.7% |
| Amounts receivable within one year | 40/41 | €70,786 | €269,645 | +€198,859 | +280.9% |
| Trade receivables | 40 | €3,025 | €54,645 | +€51,620 | +1706.4% |
| Other amounts receivable | 41 | €67,761 | €215,000 | +€147,239 | +217.3% |
| Cash at bank and in hand | 54/58 | €199,945 | €76,426 | -€123,519 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,675 | €1,746 | +€71 | +4.3% |
| Total equity and liabilities | 10/49 | €482,698 | €630,451 | +€147,754 | +30.6% |
| Equity | 10/15 | €286,573 | €379,948 | +€93,374 | +32.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €266,573 | €359,948 | +€93,374 | +35.0% |
| Distributable reserves | 133 | €266,573 | €359,948 | +€93,374 | +35.0% |
| Amounts payable | 17/49 | €196,124 | €250,504 | +€54,379 | +27.7% |
| Amounts payable after more than one year | 17 | €147,405 | €131,565 | -€15,840 | -10.7% |
| Financial debts | 170/4 | €147,405 | €131,565 | -€15,840 | -10.7% |
| Amounts payable within one year | 42/48 | €48,720 | €118,939 | +€70,219 | +144.1% |
| Current portion of amounts payable after more than one year | 42 | €15,139 | €15,840 | +€701 | +4.6% |
| Trade debts | 44 | €28,983 | €75,181 | +€46,198 | +159.4% |
| Suppliers | 440/4 | €28,983 | €75,181 | +€46,198 | +159.4% |
| Taxes, remuneration and social security | 45 | €919 | €24,204 | +€23,285 | +2534.2% |
| Taxes | 450/3 | - | €24,204 | +€24,204 | |
| Remuneration and social security | 454/9 | €919 | - | -€919 | |
| Other amounts payable | 47/48 | €3,679 | €3,714 | +€35 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,380 | €15,492 | +€2,112 | +15.8% |
| Other operating charges | 640/8 | €743 | €494 | -€249 | -33.5% |
| Gross operating margin | 9900 | €95,842 | €206,206 | +€110,364 | +115.2% |
| Operating profit (loss) | 9901 | €81,719 | €190,220 | +€108,501 | +132.8% |
| Financial income | 75/76B | €11,401 | €488 | -€10,913 | -95.7% |
| Recurring financial income | 75 | €11,401 | €488 | -€10,913 | -95.7% |
| Financial charges | 65/66B | €8,492 | €11,898 | +€3,406 | +40.1% |
| Recurring financial charges | 65 | €8,492 | €11,898 | +€3,406 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €84,628 | €178,810 | +€94,182 | +111.3% |
| Income taxes | 67/77 | €24,517 | €54,182 | +€29,666 | +121.0% |
| Profit (loss) for the period | 9904 | €60,111 | €124,628 | +€64,517 | +107.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,111 | €124,628 | +€64,517 | +107.3% |
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 4 October 2026 via checked.be.