TIM POWER CONSTRUCT: 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 POWER CONSTRUCT
Largest movements
- Receivables within one year +€121,776
up €121,776 (+117.6%), from €103,554 to €225,330
of which Trade receivables: +€109,561
- Tangible fixed assets -€5,748
down €5,748 (-48.8%), from €11,781 to €6,033
- Cash -€5,053
down €5,053 (-33.8%), from €14,942 to €9,889
mainly Receivables within one year (-€121,776) and Investment in fixed assets (net) (-€1,216)
- Trade debts +€107,439
up €107,439 (+139.6%), from €76,946 to €184,385
of which Bills of exchange payable: +€98,755
- Purchases and services +€153,467
up €153,467 (+87.1%), from €176,139 to €329,606
- Gross operating margin -€31,501
down €31,501 (-53.3%), from €59,050 to €27,549
- Staff costs +€13,821
up €13,821 (+403.4%), from €3,426 to €17,247
- Taxes -€9,666
down €9,666 (-90.3%), from €10,709 to €1,043
- Depreciation +€6,033
up €6,033 (+648.0%), from €931 to €6,964
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 | €130,277 | €241,252 | +€110,975 | +85.2% |
| Fixed assets | 21/28 | €11,781 | €6,033 | -€5,748 | -48.8% |
| Tangible fixed assets | 22/27 | €11,781 | €6,033 | -€5,748 | -48.8% |
| Furniture and vehicles | 24 | €11,781 | €6,033 | -€5,748 | -48.8% |
| Current assets | 29/58 | €118,496 | €235,219 | +€116,723 | +98.5% |
| Amounts receivable within one year | 40/41 | €103,554 | €225,330 | +€121,776 | +117.6% |
| Trade receivables | 40 | €100,538 | €210,099 | +€109,561 | +109.0% |
| Other amounts receivable | 41 | €3,016 | €15,231 | +€12,215 | +405.0% |
| Cash at bank and in hand | 54/58 | €14,942 | €9,889 | -€5,053 | -33.8% |
| Total equity and liabilities | 10/49 | €130,277 | €241,252 | +€110,975 | +85.2% |
| Equity | 10/15 | €42,622 | €44,893 | +€2,271 | +5.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,622 | €41,893 | +€2,271 | +5.7% |
| Amounts payable | 17/49 | €87,655 | €196,359 | +€108,704 | +124.0% |
| Amounts payable within one year | 42/48 | €87,655 | €196,359 | +€108,704 | +124.0% |
| Trade debts | 44 | €76,946 | €184,385 | +€107,439 | +139.6% |
| Suppliers | 440/4 | €2,171 | €10,855 | +€8,684 | +400.0% |
| Bills of exchange payable | 441 | €74,775 | €173,530 | +€98,755 | +132.1% |
| Taxes, remuneration and social security | 45 | €10,709 | €11,974 | +€1,265 | +11.8% |
| Taxes | 450/3 | €10,709 | €11,974 | +€1,265 | +11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €176,139 | €329,606 | +€153,467 | +87.1% |
| Remuneration, social security and pensions | 62 | €3,426 | €17,247 | +€13,821 | +403.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €6,964 | +€6,033 | +648.0% |
| Other operating charges | 640/8 | €3,250 | - | -€3,250 | |
| Gross operating margin | 9900 | €59,050 | €27,549 | -€31,501 | -53.3% |
| Operating profit (loss) | 9901 | €51,443 | €3,338 | -€48,105 | -93.5% |
| Financial charges | 65/66B | €1,112 | €24 | -€1,088 | -97.8% |
| Recurring financial charges | 65 | €1,112 | €24 | -€1,088 | -97.8% |
| Profit (loss) for the period before taxes | 9903 | €50,331 | €3,314 | -€47,017 | -93.4% |
| Income taxes | 67/77 | €10,709 | €1,043 | -€9,666 | -90.3% |
| Profit (loss) for the period | 9904 | €39,622 | €2,271 | -€37,351 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,622 | €2,271 | -€37,351 | -94.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.