TIM DIRVEN: 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 DIRVEN
Largest movements
- Cash -€8,072
down €8,072 (-3.2%), from €253,335 to €245,263
mainly Net result for the year (-€11,696) and Investment in fixed assets (net) (-€8,015)
- Tangible fixed assets -€8,013
down €8,013 (-20.1%), from €39,904 to €31,891
of which Furniture and vehicles: -€12,819
- Receivables within one year -€3,952
down €3,952 (-77.0%), from €5,130 to €1,178
- Profit (loss) carried forward -€11,696
down €11,696 (-13.0%), from €89,657 to €77,961
- Other debts -€4,944
down €4,944 (-98.2%), from €5,032 to €88
- Tax, wage and social debts -€3,235
down €3,235 (-66.3%), from €4,880 to €1,645
- Gross operating margin +€2,130
up €2,130 (+36.4%), from €5,851 to €7,981
- Taxes +€1,574
up €1,574 (+330.5%), from €476 to €2,050
- Other operating charges -€301
down €301 (-16.8%), from €1,789 to €1,488
- Financial charges -€197
down €197 (-63.8%), from €309 to €112
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 | €300,449 | €279,988 | -€20,460 | -6.8% |
| Fixed assets | 21/28 | €39,904 | €31,891 | -€8,013 | -20.1% |
| Tangible fixed assets | 22/27 | €39,904 | €31,891 | -€8,013 | -20.1% |
| Plant, machinery and equipment | 23 | €436 | €5,242 | +€4,807 | +1103.2% |
| Furniture and vehicles | 24 | €39,468 | €26,649 | -€12,819 | -32.5% |
| Current assets | 29/58 | €260,545 | €248,097 | -€12,448 | -4.8% |
| Amounts receivable within one year | 40/41 | €5,130 | €1,178 | -€3,952 | -77.0% |
| Trade receivables | 40 | €5,130 | €1,178 | -€3,952 | -77.0% |
| Cash at bank and in hand | 54/58 | €253,335 | €245,263 | -€8,072 | -3.2% |
| Deferred charges and accrued income | 490/1 | €2,079 | €1,655 | -€424 | -20.4% |
| Total equity and liabilities | 10/49 | €300,449 | €279,988 | -€20,460 | -6.8% |
| Equity | 10/15 | €283,903 | €272,207 | -€11,696 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,646 | €175,646 | = | 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% |
| Distributable reserves | 133 | €173,786 | €173,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,657 | €77,961 | -€11,696 | -13.0% |
| Amounts payable | 17/49 | €16,545 | €7,781 | -€8,764 | -53.0% |
| Amounts payable within one year | 42/48 | €16,545 | €7,781 | -€8,764 | -53.0% |
| Trade debts | 44 | €6,633 | €6,049 | -€585 | -8.8% |
| Suppliers | 440/4 | €6,633 | €6,049 | -€585 | -8.8% |
| Taxes, remuneration and social security | 45 | €4,880 | €1,645 | -€3,235 | -66.3% |
| Taxes | 450/3 | €4,880 | €1,645 | -€3,235 | -66.3% |
| Other amounts payable | 47/48 | €5,032 | €88 | -€4,944 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,955 | €16,027 | +€72 | +0.5% |
| Other operating charges | 640/8 | €1,789 | €1,488 | -€301 | -16.8% |
| Gross operating margin | 9900 | €5,851 | €7,981 | +€2,130 | +36.4% |
| Operating profit (loss) | 9901 | -€11,893 | -€9,535 | +€2,358 | +19.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €309 | €112 | -€197 | -63.8% |
| Recurring financial charges | 65 | €309 | €112 | -€197 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,202 | -€9,646 | +€2,555 | +20.9% |
| Income taxes | 67/77 | €476 | €2,050 | +€1,574 | +330.5% |
| Profit (loss) for the period | 9904 | -€12,678 | -€11,696 | +€982 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,678 | -€11,696 | +€982 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.