TIM GLOBAL MEDIA: 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 GLOBAL MEDIA
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-58.2%), from €1.9m to €792,031
of which Trade receivables: -€815,391
- Financial fixed assets -€120,675
down €120,675 (-36.9%), from €326,832 to €206,157
- Cash -€119,254
down €119,254 (-48.3%), from €246,841 to €127,587
mainly Net result for the year (-€737,931) and Trade debts (-€599,659)
- Profit (loss) carried forward -€737,934
down €737,934 (-6.5%), from -€11.4m to -€12.2m
- Trade debts -€599,659
down €599,659 (-59.6%), from €1.0m to €406,945
- Gross operating margin +€269,506
up €269,506 (+81.0%), from -€332,915 to -€63,409
- Other operating charges +€216,288
up €216,288 (+45,534%), from €475 to €216,763
- Write-downs -€129,400
new in 2025: -€129,400
- Staff costs -€4,580
no longer reported in 2025 (was €4,580)
- Financial income +€4,547
up €4,547 (+1,236%), from €368 to €4,915
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 | €2,473,680 | €1,129,267 | -€1.3m | -54.3% |
| Fixed assets | 21/28 | €329,545 | €207,842 | -€121,703 | -36.9% |
| Tangible fixed assets | 22/27 | €2,713 | €1,685 | -€1,028 | -37.9% |
| Furniture and vehicles | 24 | €2,713 | €1,685 | -€1,028 | -37.9% |
| Financial fixed assets | 28 | €326,832 | €206,157 | -€120,675 | -36.9% |
| Current assets | 29/58 | €2,144,135 | €921,425 | -€1.2m | -57.0% |
| Amounts receivable within one year | 40/41 | €1,894,614 | €792,031 | -€1.1m | -58.2% |
| Trade receivables | 40 | €1,378,545 | €563,154 | -€815,391 | -59.1% |
| Other amounts receivable | 41 | €516,069 | €228,877 | -€287,192 | -55.6% |
| Cash at bank and in hand | 54/58 | €246,841 | €127,587 | -€119,254 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,680 | €1,807 | -€873 | -32.6% |
| Total equity and liabilities | 10/49 | €2,473,680 | €1,129,267 | -€1.3m | -54.3% |
| Equity | 10/15 | €61,635 | -€676,299 | -€737,934 | |
| Contributions | 10/11 | €11,492,876 | €11,492,876 | = | 0.0% |
| Reserves | 13 | €3,305 | €3,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,305 | €3,305 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,305 | €3,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,434,546 | -€12,172,480 | -€737,934 | -6.5% |
| Amounts payable | 17/49 | €2,412,045 | €1,805,566 | -€606,479 | -25.1% |
| Amounts payable after more than one year | 17 | €1,395,240 | €1,395,240 | = | 0.0% |
| Financial debts | 170/4 | €1,395,240 | €1,395,240 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,014,555 | €410,326 | -€604,229 | -59.6% |
| Financial debts | 43 | €175 | €174 | -€1 | -0.6% |
| Credit institutions | 430/8 | €175 | €174 | -€1 | -0.6% |
| Trade debts | 44 | €1,006,604 | €406,945 | -€599,659 | -59.6% |
| Suppliers | 440/4 | €1,006,604 | €406,945 | -€599,659 | -59.6% |
| Taxes, remuneration and social security | 45 | €7,652 | €3,192 | -€4,460 | -58.3% |
| Taxes | 450/3 | €1,947 | €1,971 | +€24 | +1.2% |
| Remuneration and social security | 454/9 | €5,705 | €1,221 | -€4,484 | -78.6% |
| Other amounts payable | 47/48 | €124 | €15 | -€109 | -87.9% |
| Accrued charges and deferred income | 492/3 | €2,250 | - | -€2,250 | |
| Non-recurring operating income | 76A | - | €127 | +€127 | |
| Remuneration, social security and pensions | 62 | €4,580 | - | -€4,580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,047 | €1,028 | -€19 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€129,400 | -€129,400 | |
| Other operating charges | 640/8 | €475 | €216,763 | +€216,288 | +45,534% |
| Non-recurring operating charges | 66A | €12,650 | €588,832 | +€576,182 | +4,555% |
| Gross operating margin | 9900 | -€332,915 | -€63,409 | +€269,506 | +81.0% |
| Operating profit (loss) | 9901 | -€351,667 | -€740,632 | -€388,965 | -111% |
| Financial income | 75/76B | €368 | €4,915 | +€4,547 | +1,236% |
| Recurring financial income | 75 | €368 | €4,915 | +€4,547 | +1,236% |
| Financial charges | 65/66B | €1,652 | €1,890 | +€238 | +14.4% |
| Recurring financial charges | 65 | €1,652 | €1,890 | +€238 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€352,951 | -€737,607 | -€384,656 | -109% |
| Income taxes | 67/77 | €334 | €324 | -€10 | -3.0% |
| Profit (loss) for the period | 9904 | -€353,285 | -€737,931 | -€384,646 | -109% |
| Profit (loss) for the period to be appropriated | 9905 | -€353,285 | -€737,931 | -€384,646 | -109% |
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 26 October 2026 via checked.be.