TIMBER COMPANY: 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 COMPANY
Largest movements
- Tangible fixed assets +€18,748
up €18,748 (+29.2%), from €64,212 to €82,960
of which Furniture and vehicles: +€19,487
- Cash -€3,149
down €3,149 (-84.7%), from €3,720 to €571
mainly Investment in fixed assets (net) (-€41,191) and Other debts (-€18,850)
- Other debts -€18,850
no longer reported in 2025 (was €18,850)
- Debts after one year +€13,020
up €13,020 (+43.6%), from €29,856 to €42,876
- Current portion of long-term debt +€9,696
up €9,696 (+120%), from €8,069 to €17,765
- Reserves +€7,195
up €7,195 (+79.0%), from €9,110 to €16,305
- Trade debts +€2,162
up €2,162 (+154%), from €1,401 to €3,563
- Gross operating margin +€15,057
up €15,057 (+58.0%), from €25,944 to €41,001
- Depreciation +€11,227
up €11,227 (+100%), from €11,216 to €22,443
- Financial charges -€1,180
down €1,180 (-33.8%), from €3,490 to €2,310
- Other operating charges +€984
up €984 (+17.0%), from €5,796 to €6,780
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 | €80,035 | €94,825 | +€14,790 | +18.5% |
| Fixed assets | 21/28 | €65,012 | €83,760 | +€18,748 | +28.8% |
| Tangible fixed assets | 22/27 | €64,212 | €82,960 | +€18,748 | +29.2% |
| Plant, machinery and equipment | 23 | €7,759 | €7,020 | -€739 | -9.5% |
| Furniture and vehicles | 24 | €56,453 | €75,940 | +€19,487 | +34.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €15,023 | €11,065 | -€3,958 | -26.3% |
| Amounts receivable within one year | 40/41 | €11,303 | €10,494 | -€809 | -7.2% |
| Trade receivables | 40 | €10,427 | €9,167 | -€1,260 | -12.1% |
| Other amounts receivable | 41 | €876 | €1,327 | +€451 | +51.5% |
| Cash at bank and in hand | 54/58 | €3,720 | €571 | -€3,149 | -84.7% |
| Total equity and liabilities | 10/49 | €80,035 | €94,825 | +€14,790 | +18.5% |
| Equity | 10/15 | €15,310 | €22,505 | +€7,195 | +47.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,110 | €16,305 | +€7,195 | +79.0% |
| Distributable reserves | 133 | €9,110 | €16,305 | +€7,195 | +79.0% |
| Amounts payable | 17/49 | €64,725 | €72,320 | +€7,595 | +11.7% |
| Amounts payable after more than one year | 17 | €29,856 | €42,876 | +€13,020 | +43.6% |
| Financial debts | 170/4 | €29,856 | €42,876 | +€13,020 | +43.6% |
| Amounts payable within one year | 42/48 | €34,869 | €29,444 | -€5,425 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €8,069 | €17,765 | +€9,696 | +120% |
| Trade debts | 44 | €1,401 | €3,563 | +€2,162 | +154% |
| Suppliers | 440/4 | €1,401 | €3,563 | +€2,162 | +154% |
| Taxes, remuneration and social security | 45 | €6,549 | €8,116 | +€1,567 | +23.9% |
| Taxes | 450/3 | €6,549 | €8,116 | +€1,567 | +23.9% |
| Other amounts payable | 47/48 | €18,850 | - | -€18,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,216 | €22,443 | +€11,227 | +100% |
| Other operating charges | 640/8 | €5,796 | €6,780 | +€984 | +17.0% |
| Gross operating margin | 9900 | €25,944 | €41,001 | +€15,057 | +58.0% |
| Operating profit (loss) | 9901 | €8,932 | €11,778 | +€2,846 | +31.9% |
| Financial income | 75/76B | €300 | - | -€300 | |
| Recurring financial income | 75 | €300 | - | -€300 | |
| Financial charges | 65/66B | €3,490 | €2,310 | -€1,180 | -33.8% |
| Recurring financial charges | 65 | €3,490 | €2,310 | -€1,180 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €5,742 | €9,468 | +€3,726 | +64.9% |
| Income taxes | 67/77 | €1,905 | €2,273 | +€368 | +19.3% |
| Profit (loss) for the period | 9904 | €3,837 | €7,195 | +€3,358 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,837 | €7,195 | +€3,358 | +87.5% |
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 30 October 2026 via checked.be.