TIM PROJECTS: 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 PROJECTS
Largest movements
- Cash -€9,377
down €9,377 (-55.6%), from €16,858 to €7,481
mainly Net result for the year (-€12,606) and Other debts (-€5,468)
- Tangible fixed assets -€4,407
down €4,407 (-41.8%), from €10,548 to €6,141
of which Furniture and vehicles: -€4,967
- Deferred charges and accrued income +€1,184
new in 2025: €1,184
- Profit (loss) carried forward -€12,606
down €12,606, from €4,410 to -€8,196
- Other debts -€5,468
down €5,468 (-24.4%), from €22,430 to €16,962
- Contributions +€2,500
new in 2025: €2,500
- Tax, wage and social debts +€2,120
up €2,120 (+756.9%), from €280 to €2,400
of which Remuneration and social security: +€2,050
- Trade debts +€1,085
up €1,085 (+54.1%), from €2,007 to €3,093
- Gross operating margin -€17,230
down €17,230, from €11,529 to -€5,701
- Staff costs -€1,832
no longer reported in 2025 (was €1,832)
- Taxes +€882
new in 2025: €882
- Other operating charges +€463
up €463 (+257.1%), from €180 to €643
- Depreciation +€290
up €290 (+5.8%), from €5,029 to €5,319
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 | €29,127 | €16,759 | -€12,369 | -42.5% |
| Fixed assets | 21/28 | €10,548 | €6,141 | -€4,407 | -41.8% |
| Tangible fixed assets | 22/27 | €10,548 | €6,141 | -€4,407 | -41.8% |
| Plant, machinery and equipment | 23 | €568 | €1,128 | +€560 | +98.5% |
| Furniture and vehicles | 24 | €9,980 | €5,014 | -€4,967 | -49.8% |
| Current assets | 29/58 | €18,579 | €10,617 | -€7,962 | -42.9% |
| Amounts receivable within one year | 40/41 | €1,721 | €1,953 | +€232 | +13.5% |
| Trade receivables | 40 | €1,506 | - | -€1,506 | |
| Other amounts receivable | 41 | €215 | €1,953 | +€1,738 | +809.3% |
| Cash at bank and in hand | 54/58 | €16,858 | €7,481 | -€9,377 | -55.6% |
| Deferred charges and accrued income | 490/1 | - | €1,184 | +€1,184 | |
| Total equity and liabilities | 10/49 | €29,127 | €16,759 | -€12,369 | -42.5% |
| Equity | 10/15 | €4,410 | -€5,696 | -€10,106 | |
| Contributions | 10/11 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €4,410 | -€8,196 | -€12,606 | |
| Amounts payable | 17/49 | €24,717 | €22,454 | -€2,263 | -9.2% |
| Amounts payable within one year | 42/48 | €24,717 | €22,454 | -€2,263 | -9.2% |
| Trade debts | 44 | €2,007 | €3,093 | +€1,085 | +54.1% |
| Suppliers | 440/4 | €2,007 | €3,093 | +€1,085 | +54.1% |
| Taxes, remuneration and social security | 45 | €280 | €2,400 | +€2,120 | +756.9% |
| Taxes | 450/3 | €280 | €350 | +€70 | +25.0% |
| Remuneration and social security | 454/9 | - | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €22,430 | €16,962 | -€5,468 | -24.4% |
| Remuneration, social security and pensions | 62 | €1,832 | - | -€1,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,029 | €5,319 | +€290 | +5.8% |
| Other operating charges | 640/8 | €180 | €643 | +€463 | +257.1% |
| Gross operating margin | 9900 | €11,529 | -€5,701 | -€17,230 | |
| Operating profit (loss) | 9901 | €4,489 | -€11,663 | -€16,151 | |
| Financial income | 75/76B | €47 | €1 | -€45 | -97.4% |
| Recurring financial income | 75 | €47 | €1 | -€45 | -97.4% |
| Financial charges | 65/66B | €125 | €62 | -€63 | -50.3% |
| Recurring financial charges | 65 | €125 | €62 | -€63 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €4,410 | -€11,724 | -€16,134 | |
| Income taxes | 67/77 | - | €882 | +€882 | |
| Profit (loss) for the period | 9904 | €4,410 | -€12,606 | -€17,016 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,410 | -€12,606 | -€17,016 |
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 29 September 2026 via checked.be.