TiMa 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.
TiMa Projects
Largest movements
- Cash +€24,723
up €24,723 (+81.0%), from €30,541 to €55,264
mainly Net result for the year (+€30,220) and Depreciation (+€1,976)
- Profit (loss) carried forward +€30,220
new in 2025: €30,220
- Debts after one year -€2,000
no longer reported in 2025 (was €2,000)
- Current portion of long-term debt -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Accrued charges and deferred income -€1,590
no longer reported in 2025 (was €1,590)
- Other debts -€926
down €926 (-86.5%), from €1,070 to €144
- Gross operating margin +€16,868
up €16,868 (+68.5%), from €24,614 to €41,482
- Taxes +€3,646
up €3,646 (+77.5%), from €4,701 to €8,347
- Depreciation -€527
down €527 (-21.1%), from €2,503 to €1,976
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 | €49,622 | €73,485 | +€23,863 | +48.1% |
| Fixed assets | 21/28 | €7,034 | €6,574 | -€461 | -6.5% |
| Tangible fixed assets | 22/27 | €7,034 | €6,574 | -€461 | -6.5% |
| Plant, machinery and equipment | 23 | €5,687 | €3,986 | -€1,701 | -29.9% |
| Furniture and vehicles | 24 | €15 | €1,395 | +€1,380 | +9382.9% |
| Other tangible fixed assets | 26 | €1,332 | €1,192 | -€140 | -10.5% |
| Current assets | 29/58 | €42,588 | €66,912 | +€24,324 | +57.1% |
| Amounts receivable within one year | 40/41 | €11,623 | €11,149 | -€475 | -4.1% |
| Trade receivables | 40 | €10,311 | €9,983 | -€329 | -3.2% |
| Other amounts receivable | 41 | €1,312 | €1,166 | -€146 | -11.1% |
| Cash at bank and in hand | 54/58 | €30,541 | €55,264 | +€24,723 | +81.0% |
| Deferred charges and accrued income | 490/1 | €424 | €499 | +€75 | +17.6% |
| Total equity and liabilities | 10/49 | €49,622 | €73,485 | +€23,863 | +48.1% |
| Equity | 10/15 | €36,454 | €66,673 | +€30,220 | +82.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,454 | €31,454 | = | 0.0% |
| Distributable reserves | 133 | €31,454 | €31,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €30,220 | +€30,220 | |
| Amounts payable | 17/49 | €13,169 | €6,812 | -€6,357 | -48.3% |
| Amounts payable after more than one year | 17 | €2,000 | - | -€2,000 | |
| Financial debts | 170/4 | €2,000 | - | -€2,000 | |
| Amounts payable within one year | 42/48 | €9,579 | €6,812 | -€2,767 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Trade debts | 44 | €1,618 | €1,816 | +€198 | +12.3% |
| Suppliers | 440/4 | €1,618 | €1,816 | +€198 | +12.3% |
| Taxes, remuneration and social security | 45 | €2,891 | €2,852 | -€39 | -1.4% |
| Taxes | 450/3 | €2,891 | €2,852 | -€39 | -1.4% |
| Other amounts payable | 47/48 | €1,070 | €144 | -€926 | -86.5% |
| Accrued charges and deferred income | 492/3 | €1,590 | - | -€1,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,503 | €1,976 | -€527 | -21.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €24,614 | €41,482 | +€16,868 | +68.5% |
| Operating profit (loss) | 9901 | €21,661 | €39,044 | +€17,383 | +80.2% |
| Financial charges | 65/66B | €665 | €477 | -€188 | -28.2% |
| Recurring financial charges | 65 | €665 | €477 | -€188 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €20,996 | €38,567 | +€17,571 | +83.7% |
| Income taxes | 67/77 | €4,701 | €8,347 | +€3,646 | +77.5% |
| Profit (loss) for the period | 9904 | €16,295 | €30,220 | +€13,925 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,295 | €30,220 | +€13,925 | +85.5% |
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 5 October 2026 via checked.be.