TIM FRIPON: what changed
Two financial 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 FRIPON
Largest movements
- Cash +€257,964
up €257,964 (+132%), from €195,406 to €453,370
mainly Net result for the year (+€395,665) and Other debts (+€176,000)
- Intangible fixed assets -€80,920
down €80,920 (-10.2%), from €795,233 to €714,313
- Tangible fixed assets +€61,828
up €61,828 (+65.6%), from €94,263 to €156,091
of which Plant, machinery and equipment: +€34,174
- Receivables within one year +€27,766
up €27,766 (+26.6%), from €104,503 to €132,269
of which Other amounts receivable: +€30,212
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Other debts +€176,000
up €176,000 (+118%), from €149,000 to €325,000
- Debts after one year -€91,981
down €91,981 (-11.9%), from €772,657 to €680,676
- Reserves +€70,500
up €70,500 (+181%), from €38,938 to €109,438
- Trade debts +€51,017
up €51,017 (+69.2%), from €73,765 to €124,782
- Tax, wage and social debts +€24,422
up €24,422 (+69.3%), from €35,236 to €59,659
- Gross operating margin +€542,083
up €542,083 (+144%), from €377,513 to €919,595
- Staff costs +€192,514
up €192,514 (+122%), from €157,651 to €350,165
- Depreciation +€76,982
up €76,982 (+168%), from €45,953 to €122,935
- Financial charges +€18,553
up €18,553 (+392%), from €4,730 to €23,282
- Taxes +€10,917
up €10,917 (+44.9%), from €24,288 to €35,205
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.
Derived cash bridge
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 | €1,218,465 | €1,460,362 | +€241,897 | +19.9% |
| Fixed assets | 21/28 | €889,496 | €870,404 | -€19,092 | -2.1% |
| Intangible fixed assets | 21 | €795,233 | €714,313 | -€80,920 | -10.2% |
| Tangible fixed assets | 22/27 | €94,263 | €156,091 | +€61,828 | +65.6% |
| Plant, machinery and equipment | 23 | €1,712 | €35,886 | +€34,174 | +1,996% |
| Furniture and vehicles | 24 | €92,551 | €120,205 | +€27,654 | +29.9% |
| Current assets | 29/58 | €328,969 | €589,959 | +€260,990 | +79.3% |
| Amounts receivable within one year | 40/41 | €104,503 | €132,269 | +€27,766 | +26.6% |
| Trade receivables | 40 | €2,445 | - | -€2,445 | |
| Other amounts receivable | 41 | €102,057 | €132,269 | +€30,212 | +29.6% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €195,406 | €453,370 | +€257,964 | +132% |
| Deferred charges and accrued income | 490/1 | €4,060 | €4,319 | +€259 | +6.4% |
| Total equity and liabilities | 10/49 | €1,218,465 | €1,460,362 | +€241,897 | +19.9% |
| Equity | 10/15 | €40,349 | €111,014 | +€70,665 | +175% |
| Contributions | 10/11 | €1,118 | €1,118 | = | 0.0% |
| Reserves | 13 | €38,938 | €109,438 | +€70,500 | +181% |
| Distributable reserves | 133 | €38,938 | €109,438 | +€70,500 | +181% |
| Profit (loss) carried forward | 14 | €293 | €458 | +€165 | +56.2% |
| Amounts payable | 17/49 | €1,178,115 | €1,349,348 | +€171,233 | +14.5% |
| Amounts payable after more than one year | 17 | €772,657 | €680,676 | -€91,981 | -11.9% |
| Financial debts | 170/4 | €772,657 | €680,676 | -€91,981 | -11.9% |
| Amounts payable within one year | 42/48 | €405,458 | €660,072 | +€254,614 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €147,456 | €150,631 | +€3,175 | +2.2% |
| Trade debts | 44 | €73,765 | €124,782 | +€51,017 | +69.2% |
| Suppliers | 440/4 | €73,765 | €124,782 | +€51,017 | +69.2% |
| Taxes, remuneration and social security | 45 | €35,236 | €59,659 | +€24,422 | +69.3% |
| Remuneration and social security | 454/9 | €35,236 | €59,659 | +€24,422 | +69.3% |
| Other amounts payable | 47/48 | €149,000 | €325,000 | +€176,000 | +118% |
| Accrued charges and deferred income | 492/3 | - | €8,600 | +€8,600 | |
| Non-recurring operating income | 76A | €18,951 | - | -€18,951 | |
| Remuneration, social security and pensions | 62 | €157,651 | €350,165 | +€192,514 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,953 | €122,935 | +€76,982 | +168% |
| Other operating charges | 640/8 | €2,486 | €1,886 | -€600 | -24.1% |
| Gross operating margin | 9900 | €377,513 | €919,595 | +€542,083 | +144% |
| Operating profit (loss) | 9901 | €171,423 | €444,609 | +€273,186 | +159% |
| Financial income | 75/76B | €6,840 | €9,543 | +€2,703 | +39.5% |
| Recurring financial income | 75 | €6,840 | €9,543 | +€2,703 | +39.5% |
| Financial charges | 65/66B | €4,730 | €23,282 | +€18,553 | +392% |
| Recurring financial charges | 65 | €4,730 | €23,282 | +€18,553 | +392% |
| Profit (loss) for the period before taxes | 9903 | €173,533 | €430,869 | +€257,337 | +148% |
| Income taxes | 67/77 | €24,288 | €35,205 | +€10,917 | +44.9% |
| Profit (loss) for the period | 9904 | €149,245 | €395,665 | +€246,420 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €149,245 | €395,665 | +€246,420 | +165% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.