Timber Industries: 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 Industries
Largest movements
- Current investments +€3.5m
new in 2025: €3.5m
- Financial fixed assets -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Cash +€154,149
up €154,149 (+96.4%), from €159,869 to €314,018
mainly Net result for the year (+€2.5m) and Investment in fixed assets (net) (+€1.2m)
- Reserves +€2.5m
up €2.5m (+507%), from €500,610 to €3.0m
- Other debts -€340,445
down €340,445 (-74.6%), from €456,120 to €115,675
- Tax, wage and social debts +€238,706
up €238,706 (+7,592%), from €3,144 to €241,850
- Financial income +€2.7m
up €2.7m (+2,479%), from €110,014 to €2.8m
of which Non-recurring financial income: +€2.3m
- Taxes +€220,453
up €220,453 (+637%), from €34,595 to €255,049
- Gross operating margin -€165,054
down €165,054 (-96.6%), from €170,919 to €5,865
- Financial charges -€2,661
down €2,661 (-10.6%), from €25,221 to €22,560
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 | €1,391,595 | €3,824,802 | +€2.4m | +175% |
| Fixed assets | 21/28 | €1,206,740 | €6,887 | -€1.2m | -99.4% |
| Tangible fixed assets | 22/27 | €31,740 | €6,887 | -€24,853 | -78.3% |
| Furniture and vehicles | 24 | €31,740 | €6,887 | -€24,853 | -78.3% |
| Financial fixed assets | 28 | €1,175,000 | €0 | -€1.2m | -100% |
| Current assets | 29/58 | €184,855 | €3,817,915 | +€3.6m | +1,965% |
| Amounts receivable within one year | 40/41 | €24,078 | €2,948 | -€21,129 | -87.8% |
| Trade receivables | 40 | €18,673 | €0 | -€18,673 | -100% |
| Other amounts receivable | 41 | €5,405 | €2,948 | -€2,456 | -45.4% |
| Current investments | 50/53 | - | €3,500,000 | +€3.5m | |
| Cash at bank and in hand | 54/58 | €159,869 | €314,018 | +€154,149 | +96.4% |
| Deferred charges and accrued income | 490/1 | €907 | €948 | +€41 | +4.5% |
| Total equity and liabilities | 10/49 | €1,391,595 | €3,824,802 | +€2.4m | +175% |
| Equity | 10/15 | €600,610 | €3,138,541 | +€2.5m | +423% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €500,610 | €3,038,541 | +€2.5m | +507% |
| Distributable reserves | 133 | €500,610 | €3,038,541 | +€2.5m | +507% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €790,985 | €686,261 | -€104,724 | -13.2% |
| Amounts payable after more than one year | 17 | €307,000 | €307,000 | = | 0.0% |
| Other amounts payable | 178/9 | €307,000 | €307,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €459,363 | €357,525 | -€101,838 | -22.2% |
| Trade debts | 44 | €99 | €0 | -€99 | -100% |
| Suppliers | 440/4 | €99 | €0 | -€99 | -100% |
| Taxes, remuneration and social security | 45 | €3,144 | €241,850 | +€238,706 | +7,592% |
| Taxes | 450/3 | €3,144 | €241,850 | +€238,706 | +7,592% |
| Other amounts payable | 47/48 | €456,120 | €115,675 | -€340,445 | -74.6% |
| Accrued charges and deferred income | 492/3 | €24,621 | €21,736 | -€2,886 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,827 | €24,853 | +€25 | +0.1% |
| Other operating charges | 640/8 | €2,609 | €2,426 | -€183 | -7.0% |
| Gross operating margin | 9900 | €170,919 | €5,865 | -€165,054 | -96.6% |
| Operating profit (loss) | 9901 | €143,483 | -€21,414 | -€164,897 | |
| Financial income | 75/76B | €110,014 | €2,836,954 | +€2.7m | +2,479% |
| Recurring financial income | 75 | €110,014 | €511,954 | +€401,940 | +365% |
| Non-recurring financial income | 76B | - | €2,325,000 | +€2.3m | |
| Financial charges | 65/66B | €25,221 | €22,560 | -€2,661 | -10.6% |
| Recurring financial charges | 65 | €25,221 | €22,560 | -€2,661 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €228,275 | €2,792,980 | +€2.6m | +1,124% |
| Income taxes | 67/77 | €34,595 | €255,049 | +€220,453 | +637% |
| Profit (loss) for the period | 9904 | €193,680 | €2,537,931 | +€2.3m | +1,210% |
| Profit (loss) for the period to be appropriated | 9905 | €193,680 | €2,537,931 | +€2.3m | +1,210% |
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 25 October 2026 via checked.be.