TIM VDB CONSULTING: 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 VDB CONSULTING
Largest movements
- Cash -€17,019
down €17,019 (-20.7%), from €82,116 to €65,097
mainly Contributions, distributions and other (-€85,000) and Investment in fixed assets (net) (-€16,751)
- Tangible fixed assets +€9,660
up €9,660 (+155.2%), from €6,225 to €15,885
of which Furniture and vehicles: +€8,591
- Current portion of long-term debt -€3,671
no longer reported in 2025 (was €3,671)
- Profit (loss) carried forward -€2,869
down €2,869 (-3.3%), from €85,743 to €82,874
- Gross operating margin -€10,761
down €10,761 (-8.4%), from €128,468 to €117,707
- Depreciation -€5,630
down €5,630 (-44.3%), from €12,721 to €7,091
- Taxes -€1,690
down €1,690 (-5.8%), from €29,238 to €27,548
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 | €105,678 | €98,191 | -€7,488 | -7.1% |
| Fixed assets | 21/28 | €6,225 | €15,885 | +€9,660 | +155.2% |
| Tangible fixed assets | 22/27 | €6,225 | €15,885 | +€9,660 | +155.2% |
| Plant, machinery and equipment | 23 | €435 | €1,504 | +€1,068 | +245.4% |
| Furniture and vehicles | 24 | €5,789 | €14,381 | +€8,591 | +148.4% |
| Current assets | 29/58 | €99,453 | €82,306 | -€17,147 | -17.2% |
| Amounts receivable within one year | 40/41 | €17,337 | €17,209 | -€128 | -0.7% |
| Trade receivables | 40 | €16,437 | €17,209 | +€772 | +4.7% |
| Other amounts receivable | 41 | €900 | - | -€900 | |
| Cash at bank and in hand | 54/58 | €82,116 | €65,097 | -€17,019 | -20.7% |
| Total equity and liabilities | 10/49 | €105,678 | €98,191 | -€7,488 | -7.1% |
| Equity | 10/15 | €90,743 | €87,874 | -€2,869 | -3.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,743 | €82,874 | -€2,869 | -3.3% |
| Amounts payable | 17/49 | €14,935 | €10,316 | -€4,619 | -30.9% |
| Amounts payable within one year | 42/48 | €14,935 | €10,316 | -€4,619 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €3,671 | - | -€3,671 | |
| Trade debts | 44 | €894 | - | -€894 | |
| Suppliers | 440/4 | €894 | - | -€894 | |
| Taxes, remuneration and social security | 45 | €9,099 | €8,590 | -€509 | -5.6% |
| Taxes | 450/3 | €9,099 | €8,590 | -€509 | -5.6% |
| Other amounts payable | 47/48 | €1,271 | €1,726 | +€455 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,721 | €7,091 | -€5,630 | -44.3% |
| Other operating charges | 640/8 | €528 | €719 | +€191 | +36.1% |
| Gross operating margin | 9900 | €128,468 | €117,707 | -€10,761 | -8.4% |
| Operating profit (loss) | 9901 | €115,219 | €109,897 | -€5,322 | -4.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €243 | €218 | -€25 | -10.4% |
| Recurring financial charges | 65 | €243 | €218 | -€25 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €114,981 | €109,679 | -€5,302 | -4.6% |
| Income taxes | 67/77 | €29,238 | €27,548 | -€1,690 | -5.8% |
| Profit (loss) for the period | 9904 | €85,743 | €82,131 | -€3,612 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,743 | €82,131 | -€3,612 | -4.2% |
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 12 October 2026 via checked.be.