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.
Timber
Largest movements
- Tangible fixed assets +€85,512
up €85,512 (+79.6%), from €107,410 to €192,922
of which Furniture and vehicles: +€70,868
- Receivables within one year -€41,214
down €41,214 (-13.8%), from €298,882 to €257,668
of which Other amounts receivable: -€39,376
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Deferred charges and accrued income -€14,389
down €14,389 (-89.0%), from €16,161 to €1,771
- Cash +€12,007
up €12,007 (+3.0%), from €406,134 to €418,141
mainly Net result for the year (+€42,737) and Receivables within one year (+€41,214)
- Profit (loss) carried forward +€60,718
up €60,718 (+9.9%), from €610,349 to €671,067
- Tax, wage and social debts -€26,844
down €26,844 (-21.8%), from €123,042 to €96,198
of which Remuneration and social security: -€18,826
- Reserves -€17,981
down €17,981 (-32.3%), from €55,694 to €37,713
- Trade debts +€11,317
up €11,317 (+291%), from €3,891 to €15,208
- Gross operating margin +€18,565
up €18,565 (+1.9%), from €952,831 to €971,396
- Depreciation +€15,126
up €15,126 (+101%), from €14,937 to €30,063
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 | €844,101 | €871,016 | +€26,915 | +3.2% |
| Fixed assets | 21/28 | €107,924 | €193,436 | +€85,512 | +79.2% |
| Tangible fixed assets | 22/27 | €107,410 | €192,922 | +€85,512 | +79.6% |
| Land and buildings | 22 | €27,983 | €24,297 | -€3,686 | -13.2% |
| Plant, machinery and equipment | 23 | €10,869 | €29,578 | +€18,709 | +172% |
| Furniture and vehicles | 24 | €65,339 | €136,207 | +€70,868 | +108% |
| Other tangible fixed assets | 26 | €3,219 | €2,840 | -€379 | -11.8% |
| Financial fixed assets | 28 | €514 | €514 | = | 0.0% |
| Current assets | 29/58 | €736,177 | €677,580 | -€58,597 | -8.0% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €298,882 | €257,668 | -€41,214 | -13.8% |
| Trade receivables | 40 | €58,562 | €56,724 | -€1,838 | -3.1% |
| Other amounts receivable | 41 | €240,320 | €200,944 | -€39,376 | -16.4% |
| Cash at bank and in hand | 54/58 | €406,134 | €418,141 | +€12,007 | +3.0% |
| Deferred charges and accrued income | 490/1 | €16,161 | €1,771 | -€14,389 | -89.0% |
| Total equity and liabilities | 10/49 | €844,101 | €871,016 | +€26,915 | +3.2% |
| Equity | 10/15 | €716,317 | €759,054 | +€42,737 | +6.0% |
| Contributions | 10/11 | €50,275 | €50,275 | = | 0.0% |
| Capital | 10 | €50,275 | €50,275 | = | 0.0% |
| Reserves | 13 | €55,694 | €37,713 | -€17,981 | -32.3% |
| Profit (loss) carried forward | 14 | €610,349 | €671,067 | +€60,718 | +9.9% |
| Amounts payable | 17/49 | €127,784 | €111,963 | -€15,821 | -12.4% |
| Amounts payable within one year | 42/48 | €126,933 | €111,406 | -€15,527 | -12.2% |
| Trade debts | 44 | €3,891 | €15,208 | +€11,317 | +291% |
| Suppliers | 440/4 | €3,891 | €15,208 | +€11,317 | +291% |
| Taxes, remuneration and social security | 45 | €123,042 | €96,198 | -€26,844 | -21.8% |
| Taxes | 450/3 | €8,018 | - | -€8,018 | |
| Remuneration and social security | 454/9 | €115,023 | €96,198 | -€18,826 | -16.4% |
| Accrued charges and deferred income | 492/3 | €851 | €557 | -€295 | -34.6% |
| Remuneration, social security and pensions | 62 | €903,784 | €897,815 | -€5,969 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,937 | €30,063 | +€15,126 | +101% |
| Other operating charges | 640/8 | €854 | €674 | -€180 | -21.1% |
| Non-recurring operating charges | 66A | - | €2,107 | +€2,107 | |
| Gross operating margin | 9900 | €952,831 | €971,396 | +€18,565 | +1.9% |
| Operating profit (loss) | 9901 | €33,255 | €40,736 | +€7,481 | +22.5% |
| Financial income | 75/76B | €2,848 | €2,247 | -€601 | -21.1% |
| Recurring financial income | 75 | €2,848 | €2,247 | -€601 | -21.1% |
| Financial charges | 65/66B | €662 | €246 | -€416 | -62.8% |
| Recurring financial charges | 65 | €662 | €246 | -€416 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €35,442 | €42,737 | +€7,295 | +20.6% |
| Profit (loss) for the period | 9904 | €35,442 | €42,737 | +€7,295 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,442 | €42,737 | +€7,295 | +20.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.