EU-TIMBER: 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.
EU-TIMBER
Largest movements
- Current investments -€186,748
down €186,748 (-93.4%), from €200,000 to €13,252
- Receivables within one year -€71,360
down €71,360 (-25.1%), from €284,839 to €213,479
of which Trade receivables: -€47,682
- Cash -€34,273
down €34,273 (-16.9%), from €202,617 to €168,343
mainly Net result for the year (-€130,413) and Other debts (-€104,067)
- Stocks and contracts -€22,370
down €22,370 (-30.9%), from €72,370 to €50,000
- Tangible fixed assets -€19,232
down €19,232 (-38.9%), from €49,378 to €30,146
of which Furniture and vehicles: -€16,025
- Reserves -€130,413
down €130,413 (-41.4%), from €314,969 to €184,555
- Other debts -€104,067
down €104,067 (-32.6%), from €319,453 to €215,386
- Trade debts -€84,308
down €84,308 (-56.1%), from €150,229 to €65,921
- Short-term financial debts -€15,348
no longer reported in 2025 (was €15,348)
- Gross operating margin -€222,958
down €222,958, from €156,916 to -€66,042
- Other operating charges -€55,130
down €55,130 (-95.8%), from €57,574 to €2,444
- Taxes -€18,255
down €18,255 (-96.9%), from €18,847 to €593
- Staff costs -€10,065
down €10,065 (-20.5%), from €49,208 to €39,143
- Financial charges -€4,917
down €4,917 (-33.6%), from €14,615 to €9,698
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 | €809,203 | €475,220 | -€333,983 | -41.3% |
| Fixed assets | 21/28 | €49,378 | €30,146 | -€19,232 | -38.9% |
| Tangible fixed assets | 22/27 | €49,378 | €30,146 | -€19,232 | -38.9% |
| Plant, machinery and equipment | 23 | €9,330 | €7,762 | -€1,568 | -16.8% |
| Furniture and vehicles | 24 | €26,804 | €10,779 | -€16,025 | -59.8% |
| Other tangible fixed assets | 26 | €13,244 | €11,605 | -€1,638 | -12.4% |
| Current assets | 29/58 | €759,826 | €445,075 | -€314,751 | -41.4% |
| Stocks and contracts in progress | 3 | €72,370 | €50,000 | -€22,370 | -30.9% |
| Stocks | 30/36 | €72,370 | €50,000 | -€22,370 | -30.9% |
| Amounts receivable within one year | 40/41 | €284,839 | €213,479 | -€71,360 | -25.1% |
| Trade receivables | 40 | €190,126 | €142,445 | -€47,682 | -25.1% |
| Other amounts receivable | 41 | €94,713 | €71,035 | -€23,678 | -25.0% |
| Current investments | 50/53 | €200,000 | €13,252 | -€186,748 | -93.4% |
| Cash at bank and in hand | 54/58 | €202,617 | €168,343 | -€34,273 | -16.9% |
| Total equity and liabilities | 10/49 | €809,203 | €475,220 | -€333,983 | -41.3% |
| Equity | 10/15 | €319,970 | €189,556 | -€130,413 | -40.8% |
| Contributions | 10/11 | €5,001 | €5,001 | = | 0.0% |
| Contributions outside capital | 11 | €5,001 | - | -€5,001 | |
| Other | 1109/19 | €5,001 | - | -€5,001 | |
| Reserves | 13 | €314,969 | €184,555 | -€130,413 | -41.4% |
| Distributable reserves | 133 | €314,969 | €184,555 | -€130,413 | -41.4% |
| Amounts payable | 17/49 | €489,234 | €285,664 | -€203,570 | -41.6% |
| Amounts payable within one year | 42/48 | €489,234 | €285,664 | -€203,570 | -41.6% |
| Financial debts | 43 | €15,348 | - | -€15,348 | |
| Credit institutions | 430/8 | €15,348 | - | -€15,348 | |
| Trade debts | 44 | €150,229 | €65,921 | -€84,308 | -56.1% |
| Suppliers | 440/4 | €150,229 | €65,921 | -€84,308 | -56.1% |
| Taxes, remuneration and social security | 45 | €4,204 | €4,357 | +€152 | +3.6% |
| Taxes | 450/3 | - | €149 | +€149 | |
| Remuneration and social security | 454/9 | €4,204 | €4,208 | +€4 | +0.1% |
| Other amounts payable | 47/48 | €319,453 | €215,386 | -€104,067 | -32.6% |
| Remuneration, social security and pensions | 62 | €49,208 | €39,143 | -€10,065 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,232 | €19,232 | -€1,000 | -4.9% |
| Other operating charges | 640/8 | €57,574 | €2,444 | -€55,130 | -95.8% |
| Gross operating margin | 9900 | €156,916 | -€66,042 | -€222,958 | |
| Operating profit (loss) | 9901 | €29,902 | -€126,860 | -€156,762 | |
| Financial income | 75/76B | €11,419 | €6,738 | -€4,681 | -41.0% |
| Recurring financial income | 75 | €11,419 | €6,738 | -€4,681 | -41.0% |
| Financial charges | 65/66B | €14,615 | €9,698 | -€4,917 | -33.6% |
| Recurring financial charges | 65 | €14,615 | €9,698 | -€4,917 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €26,706 | -€129,821 | -€156,527 | |
| Income taxes | 67/77 | €18,847 | €593 | -€18,255 | -96.9% |
| Profit (loss) for the period | 9904 | €7,859 | -€130,413 | -€138,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,859 | -€130,413 | -€138,272 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.