TIM - IMMO: what changed
What changed
TIM - IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€80,160
2024 · -€91,747+€11,587
Equity
€2.1m
2024 · €2.2m-€80,160
Cash
€28,091
2024 · €23,758+€4,333
Balance sheet total
€2.6m
2024 · €2.7m-€118,866
Largest movements
Assets
- Tangible fixed assets -€123,199
down €123,199 (-4.5%), from €2.7m to €2.6m
Equity and liabilities
- Profit (loss) carried forward -€80,160
down €80,160 (-11.5%), from -€694,138 to -€774,298
- Other debts -€30,000
down €30,000 (-5.8%), from €513,364 to €483,364
Income statement
- Financial charges -€8,780
down €8,780 (-19.5%), from €44,983 to €36,203
- Gross operating margin +€2,511
up €2,511 (+2.8%), from €88,850 to €91,361
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€91,747
Gross operating margin
+€2,511
Depreciation
+€135
Other operating charges
+€161
Financial charges
+€8,780
Result 2025
-€80,160
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,333
Investment
€0
Financing
€0
Cash 2024
€23,758
From operations (derived)
+€4,333
Net result for the year
-€80,160
Depreciation
+€123,199
Trade debts
+€434
Tax, wage and social debts
-€2,681
Other debts
-€30,000
Accrued charges and deferred income
-€6,459
Cash 2025
€28,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,743,298 | €2,624,432 | -€118,866 | -4.3% |
| Fixed assets | 21/28 | €2,719,540 | €2,596,342 | -€123,199 | -4.5% |
| Tangible fixed assets | 22/27 | €2,719,540 | €2,596,342 | -€123,199 | -4.5% |
| Land and buildings | 22 | €2,719,540 | €2,596,342 | -€123,199 | -4.5% |
| Current assets | 29/58 | €23,758 | €28,091 | +€4,333 | +18.2% |
| Cash at bank and in hand | 54/58 | €23,758 | €28,091 | +€4,333 | +18.2% |
| Total equity and liabilities | 10/49 | €2,743,298 | €2,624,432 | -€118,866 | -4.3% |
| Equity | 10/15 | €2,180,862 | €2,100,702 | -€80,160 | -3.7% |
| Contributions | 10/11 | €2,875,000 | €2,875,000 | = | 0.0% |
| Capital | 10 | €2,875,000 | €2,875,000 | = | 0.0% |
| Issued capital | 100 | €3,300,000 | €3,300,000 | = | 0.0% |
| Uncalled capital | 101 | €425,000 | €425,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,138 | -€774,298 | -€80,160 | -11.5% |
| Amounts payable | 17/49 | €562,436 | €523,730 | -€38,706 | -6.9% |
| Amounts payable within one year | 42/48 | €526,852 | €494,605 | -€32,247 | -6.1% |
| Trade debts | 44 | - | €434 | +€434 | |
| Suppliers | 440/4 | - | €434 | +€434 | |
| Taxes, remuneration and social security | 45 | €13,488 | €10,807 | -€2,681 | -19.9% |
| Taxes | 450/3 | €13,488 | €10,807 | -€2,681 | -19.9% |
| Other amounts payable | 47/48 | €513,364 | €483,364 | -€30,000 | -5.8% |
| Accrued charges and deferred income | 492/3 | €35,584 | €29,126 | -€6,459 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,333 | €123,199 | -€135 | -0.1% |
| Other operating charges | 640/8 | €12,281 | €12,120 | -€161 | -1.3% |
| Gross operating margin | 9900 | €88,850 | €91,361 | +€2,511 | +2.8% |
| Operating profit (loss) | 9901 | -€46,764 | -€43,957 | +€2,807 | +6.0% |
| Financial charges | 65/66B | €44,983 | €36,203 | -€8,780 | -19.5% |
| Recurring financial charges | 65 | €44,983 | €36,203 | -€8,780 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€91,747 | -€80,160 | +€11,587 | +12.6% |
| Profit (loss) for the period | 9904 | -€91,747 | -€80,160 | +€11,587 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,747 | -€80,160 | +€11,587 | +12.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.