MENUISERIE TIMMERMANS: what changed
What changed
MENUISERIE TIMMERMANS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€22,379
2024 · €12,863+€9,516
Equity
€192,045
2024 · €170,310+€21,734
Cash
€125,838
2024 · €125,616+€222
Balance sheet total
€265,517
2024 · €249,716+€15,801
Largest movements
Assets
- Receivables within one year +€29,833
up €29,833 (+68.3%), from €43,648 to €73,481
of which Trade receivables: +€27,633
- Tangible fixed assets -€11,765
down €11,765 (-17.0%), from €69,126 to €57,361
of which Furniture and vehicles: -€21,877
Equity and liabilities
- Reserves +€22,000
up €22,000 (+20.7%), from €106,359 to €128,359
of which Distributable reserves: +€22,000
- Debts after one year -€12,988
down €12,988 (-49.2%), from €26,374 to €13,386
- Trade debts +€6,002
up €6,002 (+29.1%), from €20,601 to €26,603
- Current portion of long-term debt -€5,903
down €5,903 (-31.4%), from €18,809 to €12,906
- Tax, wage and social debts +€5,847
up €5,847 (+61.5%), from €9,501 to €15,348
of which Remuneration and social security: +€7,844
Income statement
- Gross operating margin +€50,355
up €50,355 (+33.4%), from €150,802 to €201,157
- Staff costs +€30,603
up €30,603 (+27.7%), from €110,556 to €141,159
- Depreciation +€5,931
up €5,931 (+33.5%), from €17,684 to €23,615
- Taxes +€3,991
up €3,991 (+82.5%), from €4,839 to €8,830
Change in the result, 2024 to 2025
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 2024
€12,863
Gross operating margin
+€50,355
Staff costs
-€30,603
Depreciation
-€5,931
Other operating charges
+€179
Financial income
+€0
Financial charges
-€493
Taxes
-€3,991
Result 2025
€22,379
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,608
Investment
-€11,850
Financing
-€19,536
Cash 2024
€125,616
From operations (derived)
+€31,608
Net result for the year
+€22,379
Depreciation
+€23,615
Stocks and contracts
+€1,006
Receivables within one year
-€29,833
Deferred charges and accrued income
+€1,483
Trade debts
+€6,002
Tax, wage and social debts
+€5,847
Other debts
+€1,147
Accrued charges and deferred income
-€38
Investment (derived)
-€11,850
Investment in fixed assets (net)
-€11,850
Financing
-€19,536
Debts after one year
-€12,988
Current portion of long-term debt
-€5,903
Contributions, distributions and other
-€645
Cash 2025
€125,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,716 | €265,517 | +€15,801 | +6.3% |
| Fixed assets | 21/28 | €69,126 | €57,361 | -€11,765 | -17.0% |
| Tangible fixed assets | 22/27 | €69,126 | €57,361 | -€11,765 | -17.0% |
| Land and buildings | 22 | €14,229 | €14,229 | = | 0.0% |
| Plant, machinery and equipment | 23 | €588 | €10,700 | +€10,112 | +1,720% |
| Furniture and vehicles | 24 | €54,309 | €32,432 | -€21,877 | -40.3% |
| Current assets | 29/58 | €180,590 | €208,156 | +€27,566 | +15.3% |
| Stocks and contracts in progress | 3 | €7,436 | €6,430 | -€1,006 | -13.5% |
| Stocks | 30/36 | €7,436 | €6,430 | -€1,006 | -13.5% |
| Amounts receivable within one year | 40/41 | €43,648 | €73,481 | +€29,833 | +68.3% |
| Trade receivables | 40 | €37,420 | €65,052 | +€27,633 | +73.8% |
| Other amounts receivable | 41 | €6,228 | €8,429 | +€2,200 | +35.3% |
| Cash at bank and in hand | 54/58 | €125,616 | €125,838 | +€222 | +0.2% |
| Deferred charges and accrued income | 490/1 | €3,890 | €2,407 | -€1,483 | -38.1% |
| Total equity and liabilities | 10/49 | €249,716 | €265,517 | +€15,801 | +6.3% |
| Equity | 10/15 | €170,310 | €192,045 | +€21,734 | +12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €106,359 | €128,359 | +€22,000 | +20.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €104,500 | €126,500 | +€22,000 | +21.1% |
| Profit (loss) carried forward | 14 | €44,279 | €44,658 | +€379 | +0.9% |
| Investment grants | 15 | €1,080 | €435 | -€645 | -59.7% |
| Amounts payable | 17/49 | €79,406 | €73,472 | -€5,933 | -7.5% |
| Amounts payable after more than one year | 17 | €26,374 | €13,386 | -€12,988 | -49.2% |
| Financial debts | 170/4 | €26,374 | €13,386 | -€12,988 | -49.2% |
| Amounts payable within one year | 42/48 | €52,994 | €60,086 | +€7,093 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €18,809 | €12,906 | -€5,903 | -31.4% |
| Trade debts | 44 | €20,601 | €26,603 | +€6,002 | +29.1% |
| Suppliers | 440/4 | €20,601 | €26,603 | +€6,002 | +29.1% |
| Taxes, remuneration and social security | 45 | €9,501 | €15,348 | +€5,847 | +61.5% |
| Taxes | 450/3 | €1,997 | €0 | -€1,997 | -100% |
| Remuneration and social security | 454/9 | €7,504 | €15,348 | +€7,844 | +105% |
| Other amounts payable | 47/48 | €4,083 | €5,229 | +€1,147 | +28.1% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Remuneration, social security and pensions | 62 | €110,556 | €141,159 | +€30,603 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,684 | €23,615 | +€5,931 | +33.5% |
| Other operating charges | 640/8 | €4,845 | €4,666 | -€179 | -3.7% |
| Gross operating margin | 9900 | €150,802 | €201,157 | +€50,355 | +33.4% |
| Operating profit (loss) | 9901 | €17,716 | €31,717 | +€14,000 | +79.0% |
| Financial income | 75/76B | €645 | €645 | +€0 | 0.0% |
| Recurring financial income | 75 | €645 | €645 | +€0 | 0.0% |
| Financial charges | 65/66B | €660 | €1,153 | +€493 | +74.7% |
| Recurring financial charges | 65 | €660 | €1,153 | +€493 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €17,702 | €31,209 | +€13,507 | +76.3% |
| Income taxes | 67/77 | €4,839 | €8,830 | +€3,991 | +82.5% |
| Profit (loss) for the period | 9904 | €12,863 | €22,379 | +€9,516 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,863 | €22,379 | +€9,516 | +74.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.