TIMS Development: 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.
TIMS Development
Largest movements
- Receivables within one year +€8,441
up €8,441 (+203%), from €4,151 to €12,592
of which Trade receivables: +€8,421
- Tangible fixed assets -€5,898
down €5,898 (-2.9%), from €201,928 to €196,030
of which Land and buildings: -€5,506
- Deferred charges and accrued income -€2,358
no longer reported in 2025 (was €2,358)
- Debts after one year -€5,888
down €5,888 (-4.1%), from €143,362 to €137,474
- Other debts +€5,660
up €5,660 (+17.4%), from €32,618 to €38,278
- Trade debts +€2,990
up €2,990 (+21.3%), from €14,056 to €17,046
- Tax, wage and social debts -€2,377
down €2,377 (-23.8%), from €9,996 to €7,619
- Gross operating margin +€37,356
up €37,356, from -€23,488 to €13,868
- Other operating charges -€911
down €911 (-38.9%), from €2,344 to €1,433
- Financial charges +€259
up €259 (+3.8%), from €6,805 to €7,064
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 | €209,336 | €210,623 | +€1,287 | +0.6% |
| Fixed assets | 21/28 | €201,928 | €196,030 | -€5,898 | -2.9% |
| Tangible fixed assets | 22/27 | €201,928 | €196,030 | -€5,898 | -2.9% |
| Land and buildings | 22 | €194,480 | €188,974 | -€5,506 | -2.8% |
| Other tangible fixed assets | 26 | €7,448 | €7,056 | -€392 | -5.3% |
| Current assets | 29/58 | €7,408 | €14,593 | +€7,185 | +97.0% |
| Amounts receivable within one year | 40/41 | €4,151 | €12,592 | +€8,441 | +203% |
| Trade receivables | 40 | €4,118 | €12,539 | +€8,421 | +204% |
| Other amounts receivable | 41 | €33 | €53 | +€20 | +62.4% |
| Cash at bank and in hand | 54/58 | €899 | €2,001 | +€1,101 | +122% |
| Deferred charges and accrued income | 490/1 | €2,358 | - | -€2,358 | |
| Total equity and liabilities | 10/49 | €209,336 | €210,623 | +€1,287 | +0.6% |
| Equity | 10/15 | €3,664 | €2,624 | -€1,040 | -28.4% |
| Contributions | 10/11 | €61,000 | €61,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,336 | -€58,376 | -€1,040 | -1.8% |
| Amounts payable | 17/49 | €205,672 | €207,999 | +€2,327 | +1.1% |
| Amounts payable after more than one year | 17 | €143,362 | €137,474 | -€5,888 | -4.1% |
| Financial debts | 170/4 | €143,362 | €137,474 | -€5,888 | -4.1% |
| Amounts payable within one year | 42/48 | €62,310 | €70,525 | +€8,215 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,640 | €5,888 | +€248 | +4.4% |
| Trade debts | 44 | €14,056 | €17,046 | +€2,990 | +21.3% |
| Suppliers | 440/4 | €14,056 | €17,046 | +€2,990 | +21.3% |
| Advances received on contracts in progress | 46 | - | €1,694 | +€1,694 | |
| Taxes, remuneration and social security | 45 | €9,996 | €7,619 | -€2,377 | -23.8% |
| Taxes | 450/3 | €9,996 | €7,619 | -€2,377 | -23.8% |
| Other amounts payable | 47/48 | €32,618 | €38,278 | +€5,660 | +17.4% |
| Non-recurring operating income | 76A | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,898 | €5,898 | = | 0.0% |
| Other operating charges | 640/8 | €2,344 | €1,433 | -€911 | -38.9% |
| Non-recurring operating charges | 66A | €0 | €513 | +€513 | +512,740% |
| Gross operating margin | 9900 | -€23,488 | €13,868 | +€37,356 | |
| Operating profit (loss) | 9901 | -€31,730 | €6,024 | +€37,754 | |
| Financial charges | 65/66B | €6,805 | €7,064 | +€259 | +3.8% |
| Recurring financial charges | 65 | €6,805 | €7,064 | +€259 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,535 | -€1,040 | +€37,495 | +97.3% |
| Profit (loss) for the period | 9904 | -€38,535 | -€1,040 | +€37,495 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,535 | -€1,040 | +€37,495 | +97.3% |
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 20 October 2026 via checked.be.