TIM RENOVATION: 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 RENOVATION
Largest movements
- Tangible fixed assets +€21,619
up €21,619 (+816%), from €2,649 to €24,268
of which Furniture and vehicles: +€19,205
- Cash +€6,156
up €6,156 (+38.6%), from €15,928 to €22,084
mainly Net result for the year (+€28,200) and Debts after one year (+€12,935)
- Debts after one year +€12,935
new in 2025: €12,935
- Profit (loss) carried forward +€8,200
up €8,200 (+19.9%), from €41,172 to €49,372
- Other debts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Current portion of long-term debt +€4,462
new in 2025: €4,462
- Tax, wage and social debts +€3,080
up €3,080 (+98.6%), from €3,123 to €6,203
- Turnover +€71,050
up €71,050 (+40.6%), from €175,149 to €246,199
- Purchases and services +€57,061
up €57,061 (+40.0%), from €142,579 to €199,640
- Gross operating margin +€13,989
up €13,989 (+43.0%), from €32,570 to €46,559
- Financial income -€6,584
down €6,584 (-100.0%), from €6,584 to €0
of which Non-recurring financial income: -€6,584
- Depreciation +€5,696
up €5,696 (+490%), from €1,164 to €6,859
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 | €98,714 | €127,696 | +€28,982 | +29.4% |
| Fixed assets | 21/28 | €2,649 | €24,268 | +€21,619 | +816% |
| Tangible fixed assets | 22/27 | €2,649 | €24,268 | +€21,619 | +816% |
| Plant, machinery and equipment | 23 | €1,517 | €3,931 | +€2,415 | +159% |
| Furniture and vehicles | 24 | €1,133 | €20,337 | +€19,205 | +1,696% |
| Current assets | 29/58 | €96,065 | €103,427 | +€7,363 | +7.7% |
| Amounts receivable within one year | 40/41 | €80,136 | €81,343 | +€1,207 | +1.5% |
| Trade receivables | 40 | €39,806 | €29,619 | -€10,187 | -25.6% |
| Other amounts receivable | 41 | €40,330 | €51,724 | +€11,394 | +28.3% |
| Cash at bank and in hand | 54/58 | €15,928 | €22,084 | +€6,156 | +38.6% |
| Total equity and liabilities | 10/49 | €98,714 | €127,696 | +€28,982 | +29.4% |
| Equity | 10/15 | €46,172 | €54,372 | +€8,200 | +17.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,172 | €49,372 | +€8,200 | +19.9% |
| Amounts payable | 17/49 | €52,542 | €73,324 | +€20,781 | +39.6% |
| Amounts payable after more than one year | 17 | - | €12,935 | +€12,935 | |
| Financial debts | 170/4 | - | €12,935 | +€12,935 | |
| Amounts payable within one year | 42/48 | €52,542 | €60,389 | +€7,847 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €4,462 | +€4,462 | |
| Financial debts | 43 | €2,550 | - | -€2,550 | |
| Credit institutions | 430/8 | €2,550 | - | -€2,550 | |
| Trade debts | 44 | €31,869 | €29,723 | -€2,145 | -6.7% |
| Suppliers | 440/4 | €1,941 | €9,974 | +€8,033 | +414% |
| Bills of exchange payable | 441 | €29,928 | €19,749 | -€10,179 | -34.0% |
| Taxes, remuneration and social security | 45 | €3,123 | €6,203 | +€3,080 | +98.6% |
| Taxes | 450/3 | €3,123 | €6,203 | +€3,080 | +98.6% |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Turnover | 70 | €175,149 | €246,199 | +€71,050 | +40.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,579 | €199,640 | +€57,061 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €6,859 | +€5,696 | +490% |
| Other operating charges | 640/8 | €7,723 | €4,366 | -€3,357 | -43.5% |
| Non-recurring operating charges | 66A | €7,029 | - | -€7,029 | |
| Gross operating margin | 9900 | €32,570 | €46,559 | +€13,989 | +43.0% |
| Operating profit (loss) | 9901 | €16,655 | €35,334 | +€18,679 | +112% |
| Financial income | 75/76B | €6,584 | €0 | -€6,584 | -100.0% |
| Recurring financial income | 75 | €6,584 | €0 | -€6,584 | -100.0% |
| Non-recurring financial income | 76B | €6,584 | - | -€6,584 | |
| Financial charges | 65/66B | €1,778 | €2,491 | +€713 | +40.1% |
| Recurring financial charges | 65 | €1,778 | €2,491 | +€713 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €21,462 | €32,844 | +€11,382 | +53.0% |
| Income taxes | 67/77 | €3,123 | €4,643 | +€1,520 | +48.7% |
| Profit (loss) for the period | 9904 | €18,339 | €28,200 | +€9,862 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,339 | €28,200 | +€9,862 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.