Belgian Timber Solutions: 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 Solutions
Largest movements
- Cash -€40,176
down €40,176 (-64.0%), from €62,823 to €22,647
mainly Other debts (-€36,803) and Net result for the year (-€2,072)
- Other debts -€36,803
down €36,803 (-100.0%), from €36,803 to €0
- Profit (loss) carried forward -€2,072
down €2,072, from €0 to -€2,072
- Tax, wage and social debts -€990
down €990 (-14.2%), from €6,974 to €5,984
- Gross operating margin -€23,851
down €23,851, from €22,506 to -€1,344
- Taxes -€5,984
down €5,984 (-100.0%), from €5,984 to €0
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
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 | €62,823 | €22,967 | -€39,856 | -63.4% |
| Current assets | 29/58 | €62,823 | €22,967 | -€39,856 | -63.4% |
| Amounts receivable within one year | 40/41 | - | €320 | +€320 | |
| Other amounts receivable | 41 | - | €320 | +€320 | |
| Cash at bank and in hand | 54/58 | €62,823 | €22,647 | -€40,176 | -64.0% |
| Total equity and liabilities | 10/49 | €62,823 | €22,967 | -€39,856 | -63.4% |
| Equity | 10/15 | €18,600 | €16,528 | -€2,072 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | -€2,072 | -€2,072 | |
| Amounts payable | 17/49 | €44,223 | €6,439 | -€37,784 | -85.4% |
| Amounts payable within one year | 42/48 | €43,923 | €6,439 | -€37,484 | -85.3% |
| Trade debts | 44 | €145 | €455 | +€310 | +213.5% |
| Suppliers | 440/4 | €145 | €455 | +€310 | +213.5% |
| Taxes, remuneration and social security | 45 | €6,974 | €5,984 | -€990 | -14.2% |
| Taxes | 450/3 | €6,974 | €5,984 | -€990 | -14.2% |
| Other amounts payable | 47/48 | €36,803 | €0 | -€36,803 | -100.0% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100.0% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Other operating charges | 640/8 | €456 | €663 | +€206 | +45.2% |
| Gross operating margin | 9900 | €22,506 | -€1,344 | -€23,851 | |
| Operating profit (loss) | 9901 | €22,050 | -€2,007 | -€24,057 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €90 | €65 | -€25 | -27.4% |
| Recurring financial charges | 65 | €90 | €65 | -€25 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €21,960 | -€2,072 | -€24,033 | |
| Income taxes | 67/77 | €5,984 | €0 | -€5,984 | -100.0% |
| Profit (loss) for the period | 9904 | €15,976 | -€2,072 | -€18,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,976 | -€2,072 | -€18,048 |
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 7 October 2026 via checked.be.