TIMBER LAKE ESTATES: 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 LAKE ESTATES
Largest movements
- Tangible fixed assets +€490,617
up €490,617 (+212%), from €230,888 to €721,506
of which Land and buildings: +€490,914
- Receivables within one year +€26,111
up €26,111 (+216%), from €12,087 to €38,197
of which Other amounts receivable: +€18,373
- Cash -€15,430
down €15,430 (-23.5%), from €65,594 to €50,163
mainly Investment in fixed assets (net) (-€533,363) and Other debts (-€46,378)
- Current portion of long-term debt +€499,476
new in 2025: €499,476
- Other debts -€46,378
down €46,378 (-100.0%), from €46,400 to €23
- Profit (loss) carried forward +€36,891
up €36,891 (+66.3%), from €55,611 to €92,502
- Gross operating margin +€63,760
up €63,760 (+111%), from €57,354 to €121,115
- Depreciation +€37,364
up €37,364 (+694%), from €5,382 to €42,746
- Financial charges +€23,413
up €23,413 (+679%), from €3,450 to €26,863
- Other operating charges -€2,178
down €2,178 (-78.7%), from €2,768 to €590
- Taxes +€1,493
up €1,493 (+11.7%), from €12,798 to €14,291
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 | €308,569 | €809,867 | +€501,298 | +162% |
| Fixed assets | 21/28 | €230,888 | €721,506 | +€490,617 | +212% |
| Tangible fixed assets | 22/27 | €230,888 | €721,506 | +€490,617 | +212% |
| Land and buildings | 22 | €230,226 | €721,140 | +€490,914 | +213% |
| Plant, machinery and equipment | 23 | €663 | €366 | -€297 | -44.8% |
| Current assets | 29/58 | €77,680 | €88,361 | +€10,680 | +13.7% |
| Amounts receivable within one year | 40/41 | €12,087 | €38,197 | +€26,111 | +216% |
| Trade receivables | 40 | €12,087 | €19,824 | +€7,737 | +64.0% |
| Other amounts receivable | 41 | - | €18,373 | +€18,373 | |
| Cash at bank and in hand | 54/58 | €65,594 | €50,163 | -€15,430 | -23.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €308,569 | €809,867 | +€501,298 | +162% |
| Equity | 10/15 | €250,604 | €287,495 | +€36,891 | +14.7% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Revaluation surpluses | 12 | €96,954 | €96,954 | = | 0.0% |
| Reserves | 13 | €54,658 | €54,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,177 | €14,177 | = | 0.0% |
| Distributable reserves | 133 | €34,284 | €34,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,611 | €92,502 | +€36,891 | +66.3% |
| Amounts payable | 17/49 | €57,965 | €522,372 | +€464,407 | +801% |
| Amounts payable within one year | 42/48 | €54,811 | €517,494 | +€462,683 | +844% |
| Current portion of amounts payable after more than one year | 42 | - | €499,476 | +€499,476 | |
| Trade debts | 44 | €1,373 | €3,512 | +€2,139 | +156% |
| Suppliers | 440/4 | €1,373 | €3,512 | +€2,139 | +156% |
| Taxes, remuneration and social security | 45 | €7,037 | €14,483 | +€7,445 | +106% |
| Taxes | 450/3 | €7,037 | €14,483 | +€7,445 | +106% |
| Other amounts payable | 47/48 | €46,400 | €23 | -€46,378 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,154 | €4,878 | +€1,724 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €42,746 | +€37,364 | +694% |
| Other operating charges | 640/8 | €2,768 | €590 | -€2,178 | -78.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €57,354 | €121,115 | +€63,760 | +111% |
| Operating profit (loss) | 9901 | €49,204 | €77,779 | +€28,575 | +58.1% |
| Financial income | 75/76B | €902 | €266 | -€636 | -70.5% |
| Recurring financial income | 75 | €902 | €266 | -€636 | -70.5% |
| Financial charges | 65/66B | €3,450 | €26,863 | +€23,413 | +679% |
| Recurring financial charges | 65 | €3,450 | €26,863 | +€23,413 | +679% |
| Profit (loss) for the period before taxes | 9903 | €46,656 | €51,182 | +€4,526 | +9.7% |
| Income taxes | 67/77 | €12,798 | €14,291 | +€1,493 | +11.7% |
| Profit (loss) for the period | 9904 | €33,858 | €36,891 | +€3,032 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,858 | €36,891 | +€3,032 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.