TIMA: 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.
TIMA
Largest movements
- Receivables within one year -€10,812
down €10,812 (-25.2%), from €42,965 to €32,152
of which Trade receivables: -€13,490
- Tangible fixed assets -€8,370
down €8,370 (-66.1%), from €12,660 to €4,290
of which Furniture and vehicles: -€8,370
- Cash +€2,160
up €2,160 (+881.2%), from €245 to €2,405
mainly Receivables within one year (+€10,812) and Investment in fixed assets (net) (+€8,370)
- Tax, wage and social debts -€11,427
down €11,427 (-60.5%), from €18,873 to €7,447
- Debts after one year -€4,797
down €4,797 (-100.0%), from €4,797 to €0
- Trade debts -€3,461
down €3,461 (-24.9%), from €13,903 to €10,442
- Accrued charges and deferred income +€3,100
new in 2025: €3,100
- Current portion of long-term debt -€1,151
down €1,151 (-19.4%), from €5,948 to €4,797
- Other operating charges -€28,899
down €28,899 (-85.5%), from €33,794 to €4,895
- Gross operating margin -€17,537
down €17,537 (-61.6%), from €28,487 to €10,949
- Depreciation -€2,222
down €2,222 (-100.0%), from €2,222 to €0
- Taxes +€1,951
up €1,951 (+122.9%), from €1,587 to €3,538
- Financial charges +€446
up €446 (+37.8%), from €1,179 to €1,624
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 | €56,312 | €39,240 | -€17,072 | -30.3% |
| Fixed assets | 21/28 | €12,660 | €4,290 | -€8,370 | -66.1% |
| Tangible fixed assets | 22/27 | €12,660 | €4,290 | -€8,370 | -66.1% |
| Furniture and vehicles | 24 | €8,370 | €0 | -€8,370 | -100.0% |
| Other tangible fixed assets | 26 | €4,290 | €4,290 | = | 0.0% |
| Current assets | 29/58 | €43,652 | €34,950 | -€8,702 | -19.9% |
| Stocks and contracts in progress | 3 | €443 | €393 | -€50 | -11.3% |
| Stocks | 30/36 | €443 | €393 | -€50 | -11.3% |
| Amounts receivable within one year | 40/41 | €42,965 | €32,152 | -€10,812 | -25.2% |
| Trade receivables | 40 | €39,649 | €26,159 | -€13,490 | -34.0% |
| Other amounts receivable | 41 | €3,316 | €5,993 | +€2,678 | +80.8% |
| Cash at bank and in hand | 54/58 | €245 | €2,405 | +€2,160 | +881.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €56,312 | €39,240 | -€17,072 | -30.3% |
| Equity | 10/15 | €12,563 | €13,454 | +€891 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163 | €1,054 | +€891 | +548.2% |
| Amounts payable | 17/49 | €43,749 | €25,786 | -€17,963 | -41.1% |
| Amounts payable after more than one year | 17 | €4,797 | €0 | -€4,797 | -100.0% |
| Financial debts | 170/4 | €4,797 | €0 | -€4,797 | -100.0% |
| Amounts payable within one year | 42/48 | €38,952 | €22,686 | -€16,266 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €5,948 | €4,797 | -€1,151 | -19.4% |
| Financial debts | 43 | €227 | €0 | -€227 | -100.0% |
| Credit institutions | 430/8 | €227 | €0 | -€227 | -100.0% |
| Trade debts | 44 | €13,903 | €10,442 | -€3,461 | -24.9% |
| Suppliers | 440/4 | €13,903 | €10,442 | -€3,461 | -24.9% |
| Taxes, remuneration and social security | 45 | €18,873 | €7,447 | -€11,427 | -60.5% |
| Taxes | 450/3 | €18,873 | €7,447 | -€11,427 | -60.5% |
| Accrued charges and deferred income | 492/3 | - | €3,100 | +€3,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,222 | €0 | -€2,222 | -100.0% |
| Other operating charges | 640/8 | €33,794 | €4,895 | -€28,899 | -85.5% |
| Gross operating margin | 9900 | €28,487 | €10,949 | -€17,537 | -61.6% |
| Operating profit (loss) | 9901 | -€7,529 | €6,054 | +€13,583 | |
| Financial income | 75/76B | €157 | €0 | -€157 | -100.0% |
| Recurring financial income | 75 | €157 | €0 | -€157 | -100.0% |
| Financial charges | 65/66B | €1,179 | €1,624 | +€446 | +37.8% |
| Recurring financial charges | 65 | €1,179 | €1,624 | +€446 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,551 | €4,430 | +€12,981 | |
| Income taxes | 67/77 | €1,587 | €3,538 | +€1,951 | +122.9% |
| Profit (loss) for the period | 9904 | -€10,138 | €891 | +€11,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,138 | €891 | +€11,029 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.