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
- Current investments +€435,351
up €435,351 (+72.6%), from €600,000 to €1.0m
- Cash -€434,391
down €434,391 (-72.4%), from €600,300 to €165,909
mainly Current investments (-€435,351) and Contributions, distributions and other (-€379,346)
- Profit (loss) carried forward -€161,565
down €161,565 (-60.7%), from €266,261 to €104,696
- Tax, wage and social debts +€100,883
up €100,883 (+668%), from €15,106 to €115,989
of which Taxes: +€99,627
- Financial income -€985,430
down €985,430 (-89.7%), from €1.1m to €113,738
- Gross operating margin -€71,444
down €71,444 (-20.5%), from €347,662 to €276,218
- Financial charges +€6,199
up €6,199 (+6,408%), from €97 to €6,296
- Taxes -€3,682
down €3,682 (-3.6%), from €102,447 to €98,765
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 | €5,924,802 | €5,902,785 | -€22,017 | -0.4% |
| Fixed assets | 21/28 | €4,535,332 | €4,538,186 | +€2,854 | +0.1% |
| Tangible fixed assets | 22/27 | €761,671 | €742,819 | -€18,852 | -2.5% |
| Land and buildings | 22 | €761,671 | €738,739 | -€22,932 | -3.0% |
| Furniture and vehicles | 24 | - | €1,957 | +€1,957 | |
| Other tangible fixed assets | 26 | - | €2,123 | +€2,123 | |
| Financial fixed assets | 28 | €3,773,661 | €3,795,366 | +€21,706 | +0.6% |
| Current assets | 29/58 | €1,389,470 | €1,364,599 | -€24,871 | -1.8% |
| Stocks and contracts in progress | 3 | €74,597 | €74,753 | +€156 | +0.2% |
| Stocks | 30/36 | €74,597 | €74,753 | +€156 | +0.2% |
| Amounts receivable within one year | 40/41 | €47,150 | €20,531 | -€26,619 | -56.5% |
| Trade receivables | 40 | €25,531 | €20,531 | -€5,000 | -19.6% |
| Other amounts receivable | 41 | €21,619 | €0 | -€21,619 | -100% |
| Current investments | 50/53 | €600,000 | €1,035,351 | +€435,351 | +72.6% |
| Cash at bank and in hand | 54/58 | €600,300 | €165,909 | -€434,391 | -72.4% |
| Deferred charges and accrued income | 490/1 | €67,423 | €68,055 | +€632 | +0.9% |
| Total equity and liabilities | 10/49 | €5,924,802 | €5,902,785 | -€22,017 | -0.4% |
| Equity | 10/15 | €5,847,207 | €5,723,296 | -€123,911 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,562,346 | €5,600,000 | +€37,654 | +0.7% |
| Distributable reserves | 133 | €5,562,346 | €5,600,000 | +€37,654 | +0.7% |
| Profit (loss) carried forward | 14 | €266,261 | €104,696 | -€161,565 | -60.7% |
| Provisions and deferred taxes | 16 | €47,545 | €47,545 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,545 | €47,545 | = | 0.0% |
| Taxes | 161 | €47,545 | €47,545 | = | 0.0% |
| Amounts payable | 17/49 | €30,049 | €131,943 | +€101,894 | +339% |
| Amounts payable within one year | 42/48 | €29,174 | €126,251 | +€97,077 | +333% |
| Trade debts | 44 | €12,873 | €9,067 | -€3,806 | -29.6% |
| Suppliers | 440/4 | €12,873 | €9,067 | -€3,806 | -29.6% |
| Taxes, remuneration and social security | 45 | €15,106 | €115,989 | +€100,883 | +668% |
| Taxes | 450/3 | €12,082 | €111,709 | +€99,627 | +825% |
| Remuneration and social security | 454/9 | €3,024 | €4,280 | +€1,256 | +41.5% |
| Other amounts payable | 47/48 | €1,195 | €1,195 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €875 | €5,693 | +€4,818 | +550% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,478 | €25,224 | +€1,746 | +7.4% |
| Other operating charges | 640/8 | €3,543 | €4,235 | +€692 | +19.5% |
| Gross operating margin | 9900 | €347,662 | €276,218 | -€71,444 | -20.5% |
| Operating profit (loss) | 9901 | €320,641 | €246,759 | -€73,883 | -23.0% |
| Financial income | 75/76B | €1,099,168 | €113,738 | -€985,430 | -89.7% |
| Recurring financial income | 75 | €1,099,168 | €113,738 | -€985,430 | -89.7% |
| Financial charges | 65/66B | €97 | €6,296 | +€6,199 | +6,408% |
| Recurring financial charges | 65 | €97 | €6,296 | +€6,199 | +6,408% |
| Profit (loss) for the period before taxes | 9903 | €1,419,713 | €354,200 | -€1.1m | -75.1% |
| Income taxes | 67/77 | €102,447 | €98,765 | -€3,682 | -3.6% |
| Profit (loss) for the period | 9904 | €1,317,266 | €255,435 | -€1.1m | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,317,266 | €255,435 | -€1.1m | -80.6% |
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 26 October 2026 via checked.be.