VERBESTEL TIM: 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.
VERBESTEL TIM
Largest movements
- Stocks and contracts +€590,717
new in 2024: €590,717
- Tangible fixed assets +€193,849
up €193,849 (+41.4%), from €468,534 to €662,382
of which Land and buildings: +€196,799
- Current investments +€74,763
up €74,763 (+1,183%), from €6,321 to €81,084
- Cash +€73,799
up €73,799 (+581%), from €12,698 to €86,497
mainly Debts after one year (+€782,531) and Net result for the year (+€160,361)
- Receivables within one year +€31,988
up €31,988 (+91.2%), from €35,081 to €67,069
of which Trade receivables: +€47,262
- Debts after one year +€782,531
up €782,531 (+256%), from €305,693 to €1.1m
- Profit (loss) carried forward +€53,993
up €53,993 (+13.0%), from €414,268 to €468,261
- Tax, wage and social debts +€48,453
up €48,453 (+357%), from €13,576 to €62,029
- Reserves +€42,100
up €42,100 (+84.7%), from €49,722 to €91,822
of which Tax-exempt reserves: +€42,100
- Trade debts +€24,542
up €24,542 (+152%), from €16,183 to €40,725
- Gross operating margin +€113,230
up €113,230 (+76.3%), from €148,376 to €261,607
- Financial charges +€21,018
up €21,018 (+400%), from €5,252 to €26,270
- Taxes +€17,264
up €17,264 (+56.9%), from €30,355 to €47,619
- Financial income +€5,131
up €5,131 (+263%), from €1,951 to €7,082
- Other operating charges +€4,625
up €4,625 (+143%), from €3,225 to €7,850
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,539 | €1,817,286 | +€967,746 | +114% |
| Fixed assets | 21/28 | €757,740 | €951,588 | +€193,849 | +25.6% |
| Tangible fixed assets | 22/27 | €468,534 | €662,382 | +€193,849 | +41.4% |
| Land and buildings | 22 | €427,816 | €624,616 | +€196,799 | +46.0% |
| Plant, machinery and equipment | 23 | €1,689 | €839 | -€851 | -50.4% |
| Furniture and vehicles | 24 | €34,081 | €33,816 | -€265 | -0.8% |
| Other tangible fixed assets | 26 | €4,947 | €3,112 | -€1,835 | -37.1% |
| Financial fixed assets | 28 | €289,206 | €289,206 | = | 0.0% |
| Current assets | 29/58 | €91,800 | €865,698 | +€773,898 | +843% |
| Amounts receivable after more than one year | 29 | €36,941 | €36,941 | = | 0.0% |
| Other amounts receivable | 291 | €36,941 | €36,941 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €590,717 | +€590,717 | |
| Stocks | 30/36 | - | €590,717 | +€590,717 | |
| Amounts receivable within one year | 40/41 | €35,081 | €67,069 | +€31,988 | +91.2% |
| Trade receivables | 40 | €2,427 | €49,689 | +€47,262 | +1,947% |
| Other amounts receivable | 41 | €32,654 | €17,380 | -€15,274 | -46.8% |
| Current investments | 50/53 | €6,321 | €81,084 | +€74,763 | +1,183% |
| Cash at bank and in hand | 54/58 | €12,698 | €86,497 | +€73,799 | +581% |
| Deferred charges and accrued income | 490/1 | €759 | €3,389 | +€2,631 | +347% |
| Total equity and liabilities | 10/49 | €849,539 | €1,817,286 | +€967,746 | +114% |
| Equity | 10/15 | €482,990 | €579,083 | +€96,093 | +19.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €49,722 | €91,822 | +€42,100 | +84.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €47,822 | €89,922 | +€42,100 | +88.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €414,268 | €468,261 | +€53,993 | +13.0% |
| Amounts payable | 17/49 | €366,550 | €1,238,203 | +€871,653 | +238% |
| Amounts payable after more than one year | 17 | €305,693 | €1,088,224 | +€782,531 | +256% |
| Financial debts | 170/4 | €305,693 | €1,088,224 | +€782,531 | +256% |
| Amounts payable within one year | 42/48 | €56,541 | €143,542 | +€87,001 | +154% |
| Current portion of amounts payable after more than one year | 42 | €23,182 | €29,516 | +€6,334 | +27.3% |
| Trade debts | 44 | €16,183 | €40,725 | +€24,542 | +152% |
| Suppliers | 440/4 | €16,183 | €40,725 | +€24,542 | +152% |
| Advances received on contracts in progress | 46 | €921 | €921 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,576 | €62,029 | +€48,453 | +357% |
| Taxes | 450/3 | €13,576 | €62,029 | +€48,453 | +357% |
| Other amounts payable | 47/48 | €2,678 | €10,351 | +€7,672 | +286% |
| Accrued charges and deferred income | 492/3 | €4,317 | €6,437 | +€2,120 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,143 | €25,029 | -€2,115 | -7.8% |
| Other operating charges | 640/8 | €3,225 | €7,850 | +€4,625 | +143% |
| Non-recurring operating charges | 66A | €0 | €1,560 | +€1,560 | |
| Gross operating margin | 9900 | €148,376 | €261,607 | +€113,230 | +76.3% |
| Operating profit (loss) | 9901 | €118,008 | €227,168 | +€109,160 | +92.5% |
| Financial income | 75/76B | €1,951 | €7,082 | +€5,131 | +263% |
| Recurring financial income | 75 | €1,951 | €7,082 | +€5,131 | +263% |
| Financial charges | 65/66B | €5,252 | €26,270 | +€21,018 | +400% |
| Recurring financial charges | 65 | €5,252 | €26,270 | +€21,018 | +400% |
| Profit (loss) for the period before taxes | 9903 | €114,707 | €207,980 | +€93,273 | +81.3% |
| Income taxes | 67/77 | €30,355 | €47,619 | +€17,264 | +56.9% |
| Profit (loss) for the period | 9904 | €84,352 | €160,361 | +€76,009 | +90.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,252 | €118,261 | +€76,009 | +180% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.