TIMi: 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.
TIMi
Largest movements
- Receivables within one year -€240,487
down €240,487 (-69.3%), from €346,877 to €106,390
of which Trade receivables: -€229,403
- Cash -€122,502
down €122,502 (-37.3%), from €328,294 to €205,792
mainly Net result for the year (-€399,491) and Receivables after one year (-€50,164)
- Deferred charges and accrued income -€68,493
down €68,493 (-61.1%), from €112,135 to €43,642
- Receivables after one year +€50,164
up €50,164 (+14.6%), from €344,564 to €394,728
- Tangible fixed assets -€24,235
down €24,235 (-26.6%), from €91,187 to €66,952
of which Plant, machinery and equipment: -€17,786
- Profit (loss) carried forward -€399,491
down €399,491 (-46.9%), from €852,144 to €452,653
- Accrued charges and deferred income +€40,517
up €40,517 (+22.0%), from €184,190 to €224,707
- Tax, wage and social debts -€32,947
down €32,947 (-33.3%), from €98,843 to €65,896
of which Taxes: -€53,427
- Trade debts -€12,795
down €12,795 (-26.4%), from €48,418 to €35,622
- Gross operating margin -€456,979
down €456,979, from €446,266 to -€10,712
- Turnover -€367,499
down €367,499 (-39.4%), from €933,488 to €565,989
- Write-downs +€69,000
up €69,000 (+322%), from €21,438 to €90,438
- Taxes -€68,604
down €68,604 (-81.8%), from €83,916 to €15,313
- Staff costs +€44,332
up €44,332 (+22.1%), from €200,713 to €245,045
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 | €1,223,243 | €817,691 | -€405,553 | -33.2% |
| Fixed assets | 21/28 | €91,373 | €67,138 | -€24,235 | -26.5% |
| Tangible fixed assets | 22/27 | €91,187 | €66,952 | -€24,235 | -26.6% |
| Plant, machinery and equipment | 23 | €51,777 | €33,991 | -€17,786 | -34.4% |
| Furniture and vehicles | 24 | €14,277 | €9,853 | -€4,424 | -31.0% |
| Other tangible fixed assets | 26 | €25,133 | €23,108 | -€2,025 | -8.1% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €1,131,870 | €750,553 | -€381,317 | -33.7% |
| Amounts receivable after more than one year | 29 | €344,564 | €394,728 | +€50,164 | +14.6% |
| Other amounts receivable | 291 | €344,564 | €394,728 | +€50,164 | +14.6% |
| Amounts receivable within one year | 40/41 | €346,877 | €106,390 | -€240,487 | -69.3% |
| Trade receivables | 40 | €321,375 | €91,972 | -€229,403 | -71.4% |
| Other amounts receivable | 41 | €25,502 | €14,418 | -€11,084 | -43.5% |
| Cash at bank and in hand | 54/58 | €328,294 | €205,792 | -€122,502 | -37.3% |
| Deferred charges and accrued income | 490/1 | €112,135 | €43,642 | -€68,493 | -61.1% |
| Total equity and liabilities | 10/49 | €1,223,243 | €817,691 | -€405,553 | -33.2% |
| Equity | 10/15 | €872,604 | €473,113 | -€399,491 | -45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €852,144 | €452,653 | -€399,491 | -46.9% |
| Amounts payable | 17/49 | €350,640 | €344,578 | -€6,062 | -1.7% |
| Amounts payable within one year | 42/48 | €166,450 | €119,872 | -€46,578 | -28.0% |
| Financial debts | 43 | €2,326 | €2,653 | +€327 | +14.1% |
| Other loans | 439 | €2,326 | €2,653 | +€327 | +14.1% |
| Trade debts | 44 | €48,418 | €35,622 | -€12,795 | -26.4% |
| Suppliers | 440/4 | €48,418 | €35,622 | -€12,795 | -26.4% |
| Taxes, remuneration and social security | 45 | €98,843 | €65,896 | -€32,947 | -33.3% |
| Taxes | 450/3 | €79,790 | €26,364 | -€53,427 | -67.0% |
| Remuneration and social security | 454/9 | €19,053 | €39,533 | +€20,480 | +107% |
| Other amounts payable | 47/48 | €16,863 | €15,700 | -€1,163 | -6.9% |
| Accrued charges and deferred income | 492/3 | €184,190 | €224,707 | +€40,517 | +22.0% |
| Turnover | 70 | €933,488 | €565,989 | -€367,499 | -39.4% |
| Remuneration, social security and pensions | 62 | €200,713 | €245,045 | +€44,332 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,316 | €32,333 | -€5,983 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,438 | €90,438 | +€69,000 | +322% |
| Other operating charges | 640/8 | €6,134 | €7,841 | +€1,707 | +27.8% |
| Non-recurring operating charges | 66A | - | €10,529 | +€10,529 | |
| Gross operating margin | 9900 | €446,266 | -€10,712 | -€456,979 | |
| Operating profit (loss) | 9901 | €179,666 | -€396,898 | -€576,564 | |
| Financial income | 75/76B | €41,958 | €22,759 | -€19,199 | -45.8% |
| Recurring financial income | 75 | €10,958 | €22,759 | +€11,801 | +108% |
| Non-recurring financial income | 76B | €31,000 | - | -€31,000 | |
| Financial charges | 65/66B | €5,017 | €10,040 | +€5,022 | +100% |
| Recurring financial charges | 65 | €4,756 | €10,040 | +€5,284 | +111% |
| Non-recurring financial charges | 66B | €261 | - | -€261 | |
| Profit (loss) for the period before taxes | 9903 | €216,607 | -€384,178 | -€600,785 | |
| Income taxes | 67/77 | €83,916 | €15,313 | -€68,604 | -81.8% |
| Profit (loss) for the period | 9904 | €132,691 | -€399,491 | -€532,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €132,691 | -€399,491 | -€532,182 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.