BELGIAN TIMBER: 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.
BELGIAN TIMBER
Largest movements
- Receivables within one year +€20,484
up €20,484 (+9.4%), from €217,940 to €238,424
of which Other amounts receivable: +€29,428
- Trade debts +€23,566
up €23,566 (+616.9%), from €3,820 to €27,386
- Tax, wage and social debts -€5,506
down €5,506 (-53.7%), from €10,253 to €4,747
of which Remuneration and social security: -€5,691
- Profit (loss) carried forward +€4,214
up €4,214 (+4.4%), from -€95,099 to -€90,885
- Gross operating margin -€35,828
down €35,828 (-35.1%), from €102,064 to €66,237
- Staff costs -€34,172
down €34,172 (-35.4%), from €96,439 to €62,268
- Financial income -€1,219
down €1,219 (-39.4%), from €3,097 to €1,878
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,037 | €243,311 | +€22,275 | +10.1% |
| Current assets | 29/58 | €221,037 | €243,311 | +€22,275 | +10.1% |
| Amounts receivable within one year | 40/41 | €217,940 | €238,424 | +€20,484 | +9.4% |
| Trade receivables | 40 | €25,344 | €16,400 | -€8,944 | -35.3% |
| Other amounts receivable | 41 | €192,596 | €222,024 | +€29,428 | +15.3% |
| Deferred charges and accrued income | 490/1 | €3,097 | €4,887 | +€1,790 | +57.8% |
| Total equity and liabilities | 10/49 | €221,037 | €243,311 | +€22,275 | +10.1% |
| Equity | 10/15 | €206,847 | €211,062 | +€4,214 | +2.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,947 | €1,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,947 | €1,947 | = | 0.0% |
| Legal reserve | 130 | €1,947 | €1,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,099 | -€90,885 | +€4,214 | +4.4% |
| Provisions and deferred taxes | 16 | €117 | €117 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €117 | €117 | = | 0.0% |
| Pensions and similar obligations | 160 | €117 | €117 | = | 0.0% |
| Amounts payable | 17/49 | €14,073 | €32,133 | +€18,060 | +128.3% |
| Amounts payable within one year | 42/48 | €14,073 | €32,133 | +€18,060 | +128.3% |
| Trade debts | 44 | €3,820 | €27,386 | +€23,566 | +616.9% |
| Suppliers | 440/4 | €3,820 | €27,386 | +€23,566 | +616.9% |
| Taxes, remuneration and social security | 45 | €10,253 | €4,747 | -€5,506 | -53.7% |
| Taxes | 450/3 | €106 | €291 | +€185 | +173.8% |
| Remuneration and social security | 454/9 | €10,146 | €4,455 | -€5,691 | -56.1% |
| Remuneration, social security and pensions | 62 | €96,439 | €62,268 | -€34,172 | -35.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €102,064 | €66,237 | -€35,828 | -35.1% |
| Operating profit (loss) | 9901 | €5,112 | €3,441 | -€1,670 | -32.7% |
| Financial income | 75/76B | €3,097 | €1,878 | -€1,219 | -39.4% |
| Recurring financial income | 75 | €3,097 | €1,878 | -€1,219 | -39.4% |
| Financial charges | 65/66B | €1,033 | €1,105 | +€72 | +6.9% |
| Recurring financial charges | 65 | €1,033 | €1,105 | +€72 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €7,175 | €4,214 | -€2,961 | -41.3% |
| Profit (loss) for the period | 9904 | €7,175 | €4,214 | -€2,961 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,175 | €4,214 | -€2,961 | -41.3% |
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 3 October 2026 via checked.be.