TIMA: what changed
What changed
TIMA
filed annual accounts (NBB)
Net result for the year
-€63,396
2022 · -€29,107-€34,289
Equity
€37,334
2022 · €100,730-€63,396
Cash
€260
2022 · €260
Balance sheet total
€237,369
2022 · €281,117-€43,748
Largest movements
Assets
- Receivables within one year -€41,151
down €41,151 (-35.2%), from €117,022 to €75,871
of which Trade receivables: -€41,151
Equity and liabilities
- Reserves -€64,000
down €64,000 (-78.2%), from €81,860 to €17,860
of which Distributable reserves: -€64,000
- Tax, wage and social debts +€27,329
up €27,329 (+126%), from €21,726 to €49,055
- Other debts -€8,355
down €8,355 (-68.3%), from €12,229 to €3,874
- Trade debts +€3,185
new in 2023: €3,185
Income statement
- Other operating charges +€23,040
up €23,040 (+321%), from €7,167 to €30,207
- Taxes +€9,927
up €9,927 (+166%), from €5,981 to €15,908
- Financial charges +€3,661
up €3,661 (+36.7%), from €9,964 to €13,625
- Financial income +€2,076
new in 2023: €2,076
- Gross operating margin +€262
up €262 (+7.7%), from -€3,398 to -€3,136
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
-€29,107
Gross operating margin
+€262
Other operating charges
-€23,040
Financial income
+€2,076
Financial charges
-€3,661
Taxes
-€9,927
Result 2023
-€63,396
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,510
Investment
€0
Financing
-€2,510
Cash 2022
€260
From operations (derived)
+€2,510
Net result for the year
-€63,396
Depreciation
+€2,596
Receivables within one year
+€41,151
Trade debts
+€3,185
Tax, wage and social debts
+€27,329
Other debts
-€8,355
Financing
-€2,510
Debts after one year
-€2,668
Current portion of long-term debt
+€44
Short-term financial debts
+€114
Cash 2023
€260
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,117 | €237,369 | -€43,748 | -15.6% |
| Fixed assets | 21/28 | €5,954 | €3,358 | -€2,596 | -43.6% |
| Tangible fixed assets | 22/27 | €5,954 | €3,358 | -€2,596 | -43.6% |
| Leasing and similar rights | 25 | €5,954 | €3,358 | -€2,596 | -43.6% |
| Current assets | 29/58 | €275,163 | €234,011 | -€41,151 | -15.0% |
| Stocks and contracts in progress | 3 | €157,881 | €157,881 | = | 0.0% |
| Stocks | 30/36 | €157,881 | €157,881 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €117,022 | €75,871 | -€41,151 | -35.2% |
| Trade receivables | 40 | €101,582 | €60,431 | -€41,151 | -40.5% |
| Other amounts receivable | 41 | €15,440 | €15,440 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €260 | €260 | = | 0.0% |
| Total equity and liabilities | 10/49 | €281,117 | €237,369 | -€43,748 | -15.6% |
| Equity | 10/15 | €100,730 | €37,334 | -€63,396 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,860 | €17,860 | -€64,000 | -78.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €16,000 | -€64,000 | -80.0% |
| Profit (loss) carried forward | 14 | €270 | €874 | +€604 | +224% |
| Amounts payable | 17/49 | €180,387 | €200,035 | +€19,648 | +10.9% |
| Amounts payable after more than one year | 17 | €3,567 | €899 | -€2,668 | -74.8% |
| Financial debts | 170/4 | €3,567 | €899 | -€2,668 | -74.8% |
| Amounts payable within one year | 42/48 | €176,820 | €199,136 | +€22,316 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €2,624 | €2,668 | +€44 | +1.7% |
| Financial debts | 43 | €140,241 | €140,355 | +€114 | +0.1% |
| Credit institutions | 430/8 | €140,241 | €140,355 | +€114 | +0.1% |
| Trade debts | 44 | - | €3,185 | +€3,185 | |
| Suppliers | 440/4 | - | €3,185 | +€3,185 | |
| Taxes, remuneration and social security | 45 | €21,726 | €49,055 | +€27,329 | +126% |
| Taxes | 450/3 | €21,726 | €49,055 | +€27,329 | +126% |
| Other amounts payable | 47/48 | €12,229 | €3,874 | -€8,355 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,596 | €2,596 | = | 0.0% |
| Other operating charges | 640/8 | €7,167 | €30,207 | +€23,040 | +321% |
| Gross operating margin | 9900 | -€3,398 | -€3,136 | +€262 | +7.7% |
| Operating profit (loss) | 9901 | -€13,162 | -€35,939 | -€22,778 | -173% |
| Financial income | 75/76B | - | €2,076 | +€2,076 | |
| Recurring financial income | 75 | - | €2,076 | +€2,076 | |
| Financial charges | 65/66B | €9,964 | €13,625 | +€3,661 | +36.7% |
| Recurring financial charges | 65 | €9,964 | €13,625 | +€3,661 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,126 | -€47,489 | -€24,363 | -105% |
| Income taxes | 67/77 | €5,981 | €15,908 | +€9,927 | +166% |
| Profit (loss) for the period | 9904 | -€29,107 | -€63,396 | -€34,289 | -118% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,107 | -€63,396 | -€34,289 | -118% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.