International Timber Engineering: 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.
International Timber Engineering
Largest movements
- Receivables within one year +€41,950
up €41,950 (+178%), from €23,612 to €65,562
of which Trade receivables: +€41,487
- Cash -€18,654
down €18,654 (-42.2%), from €44,162 to €25,508
mainly Receivables within one year (-€41,950)
- Tangible fixed assets -€15,388
down €15,388 (-71.7%), from €21,466 to €6,078
of which Furniture and vehicles: -€14,583
- Deferred charges and accrued income -€1,051
down €1,051 (-78.4%), from €1,341 to €290
- Reserves +€4,279
up €4,279 (+5.3%), from €80,291 to €84,570
- Trade debts +€1,740
up €1,740 (+196%), from €886 to €2,626
- Depreciation -€11,616
down €11,616 (-86.0%), from €13,501 to €1,885
- Gross operating margin -€8,930
down €8,930 (-51.0%), from €17,522 to €8,592
- Taxes +€1,102
up €1,102 (+65.1%), from €1,693 to €2,795
- Other operating charges -€489
down €489 (-49.1%), from €997 to €507
- Financial income +€234
up €234 (+31.5%), from €745 to €979
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.
Derived cash bridge
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 | €90,641 | €97,498 | +€6,857 | +7.6% |
| Fixed assets | 21/28 | €21,526 | €6,138 | -€15,388 | -71.5% |
| Tangible fixed assets | 22/27 | €21,466 | €6,078 | -€15,388 | -71.7% |
| Plant, machinery and equipment | 23 | €939 | €134 | -€805 | -85.7% |
| Furniture and vehicles | 24 | €20,526 | €5,944 | -€14,583 | -71.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €69,115 | €91,360 | +€22,245 | +32.2% |
| Amounts receivable within one year | 40/41 | €23,612 | €65,562 | +€41,950 | +178% |
| Trade receivables | 40 | €7,121 | €48,608 | +€41,487 | +583% |
| Other amounts receivable | 41 | €16,491 | €16,954 | +€463 | +2.8% |
| Cash at bank and in hand | 54/58 | €44,162 | €25,508 | -€18,654 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,341 | €290 | -€1,051 | -78.4% |
| Total equity and liabilities | 10/49 | €90,641 | €97,498 | +€6,857 | +7.6% |
| Equity | 10/15 | €86,591 | €90,870 | +€4,279 | +4.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €80,291 | €84,570 | +€4,279 | +5.3% |
| Distributable reserves | 133 | €80,291 | €84,570 | +€4,279 | +5.3% |
| Amounts payable | 17/49 | €4,050 | €6,628 | +€2,578 | +63.6% |
| Amounts payable within one year | 42/48 | €4,050 | €6,628 | +€2,578 | +63.6% |
| Trade debts | 44 | €886 | €2,626 | +€1,740 | +196% |
| Suppliers | 440/4 | €886 | €2,626 | +€1,740 | +196% |
| Taxes, remuneration and social security | 45 | €3,164 | €4,002 | +€838 | +26.5% |
| Taxes | 450/3 | €3,164 | €4,002 | +€838 | +26.5% |
| Non-recurring operating income | 76A | - | €9,385 | +€9,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,501 | €1,885 | -€11,616 | -86.0% |
| Other operating charges | 640/8 | €997 | €507 | -€489 | -49.1% |
| Gross operating margin | 9900 | €17,522 | €8,592 | -€8,930 | -51.0% |
| Operating profit (loss) | 9901 | €3,025 | €6,200 | +€3,175 | +105% |
| Financial income | 75/76B | €745 | €979 | +€234 | +31.5% |
| Recurring financial income | 75 | €745 | €979 | +€234 | +31.5% |
| Financial charges | 65/66B | €155 | €104 | -€51 | -32.8% |
| Recurring financial charges | 65 | €155 | €104 | -€51 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €3,614 | €7,074 | +€3,460 | +95.8% |
| Income taxes | 67/77 | €1,693 | €2,795 | +€1,102 | +65.1% |
| Profit (loss) for the period | 9904 | €1,920 | €4,279 | +€2,359 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €1,920 | €4,279 | +€2,359 | +123% |
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 23 October 2026 via checked.be.