TIM-COM: 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-COM
Largest movements
- Receivables within one year +€122,747
up €122,747 (+412.1%), from €29,786 to €152,534
- Tangible fixed assets -€15,765
down €15,765 (-3.2%), from €494,258 to €478,493
of which Land and buildings: -€10,831
- Profit (loss) carried forward +€139,616
up €139,616 (+34.4%), from €405,324 to €544,939
- Tax, wage and social debts +€50,889
up €50,889 (+185.1%), from €27,492 to €78,381
of which Taxes: +€38,889
- Debts after one year -€34,143
down €34,143 (-11.8%), from €288,780 to €254,638
- Trade debts -€25,450
down €25,450 (-26.9%), from €94,624 to €69,174
- Other debts -€16,510
down €16,510 (-61.0%), from €27,078 to €10,568
- Gross operating margin +€121,519
up €121,519 (+127.3%), from €95,472 to €216,990
- Taxes +€31,329
up €31,329 (+208.6%), from €15,019 to €46,348
- Depreciation +€2,234
up €2,234 (+14.7%), from €15,158 to €17,392
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 | €896,645 | €1,012,302 | +€115,657 | +12.9% |
| Fixed assets | 21/28 | €494,258 | €478,493 | -€15,765 | -3.2% |
| Tangible fixed assets | 22/27 | €494,258 | €478,493 | -€15,765 | -3.2% |
| Land and buildings | 22 | €485,965 | €475,134 | -€10,831 | -2.2% |
| Plant, machinery and equipment | 23 | €2,432 | €181 | -€2,251 | -92.6% |
| Furniture and vehicles | 24 | €5,860 | €3,178 | -€2,682 | -45.8% |
| Current assets | 29/58 | €402,387 | €533,809 | +€131,422 | +32.7% |
| Stocks and contracts in progress | 3 | €371,021 | €374,076 | +€3,055 | +0.8% |
| Stocks | 30/36 | €371,021 | €374,076 | +€3,055 | +0.8% |
| Amounts receivable within one year | 40/41 | €29,786 | €152,534 | +€122,747 | +412.1% |
| Trade receivables | 40 | €29,786 | €152,534 | +€122,747 | +412.1% |
| Cash at bank and in hand | 54/58 | €1,421 | €6,657 | +€5,235 | +368.4% |
| Deferred charges and accrued income | 490/1 | €159 | €543 | +€384 | +242.4% |
| Total equity and liabilities | 10/49 | €896,645 | €1,012,302 | +€115,657 | +12.9% |
| Equity | 10/15 | €425,784 | €565,399 | +€139,616 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €405,324 | €544,939 | +€139,616 | +34.4% |
| Amounts payable | 17/49 | €470,861 | €446,903 | -€23,958 | -5.1% |
| Amounts payable after more than one year | 17 | €288,780 | €254,638 | -€34,143 | -11.8% |
| Financial debts | 170/4 | €288,780 | €254,638 | -€34,143 | -11.8% |
| Amounts payable within one year | 42/48 | €182,081 | €192,265 | +€10,185 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €32,886 | €34,143 | +€1,257 | +3.8% |
| Trade debts | 44 | €94,624 | €69,174 | -€25,450 | -26.9% |
| Suppliers | 440/4 | €94,624 | €69,174 | -€25,450 | -26.9% |
| Taxes, remuneration and social security | 45 | €27,492 | €78,381 | +€50,889 | +185.1% |
| Taxes | 450/3 | €27,492 | €66,381 | +€38,889 | +141.5% |
| Remuneration and social security | 454/9 | - | €12,000 | +€12,000 | |
| Other amounts payable | 47/48 | €27,078 | €10,568 | -€16,510 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,158 | €17,392 | +€2,234 | +14.7% |
| Other operating charges | 640/8 | €718 | €741 | +€23 | +3.1% |
| Gross operating margin | 9900 | €95,472 | €216,990 | +€121,519 | +127.3% |
| Operating profit (loss) | 9901 | €79,595 | €198,858 | +€119,263 | +149.8% |
| Financial income | 75/76B | €18 | €7 | -€11 | -62.6% |
| Recurring financial income | 75 | €18 | €7 | -€11 | -62.6% |
| Financial charges | 65/66B | €13,560 | €12,901 | -€659 | -4.9% |
| Recurring financial charges | 65 | €13,560 | €12,901 | -€659 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €66,053 | €185,963 | +€119,910 | +181.5% |
| Income taxes | 67/77 | €15,019 | €46,348 | +€31,329 | +208.6% |
| Profit (loss) for the period | 9904 | €51,034 | €139,616 | +€88,582 | +173.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,034 | €139,616 | +€88,582 | +173.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.