TIMBER TAILOR: what changed
Two fiscal 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 TAILOR
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+52.9%), from €2.9m to €4.5m
of which Other amounts receivable: +€1.1m
- Stocks and contracts -€762,005
down €762,005 (-98.5%), from €773,575 to €11,570
- Cash -€555,903
down €555,903 (-79.5%), from €699,097 to €143,194
mainly Receivables within one year (-€1.5m) and Contributions, distributions and other (-€774,532)
- Deferred charges and accrued income +€78,315
up €78,315 (+168.2%), from €46,572 to €124,887
- Short-term financial debts +€300,000
up €300,000 (+120.0%), from €250,000 to €550,000
- Trade debts +€248,703
up €248,703 (+29.8%), from €834,498 to €1.1m
- Profit (loss) carried forward -€196,791
down €196,791 (-12.1%), from €1.6m to €1.4m
- Gross operating margin +€796,277
up €796,277 (+37.5%), from €2.1m to €2.9m
- Staff costs +€273,243
up €273,243 (+19.7%), from €1.4m to €1.7m
- Financial charges +€245,897
up €245,897 (+318.0%), from €77,335 to €323,232
- Taxes +€135,040
up €135,040 (+109.9%), from €122,839 to €257,879
- Financial income +€31,541
up €31,541 (+898.0%), from €3,512 to €35,053
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.
Cash bridge derived
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 | €5,009,257 | €5,344,058 | +€334,801 | +6.7% |
| Fixed assets | 21/28 | €574,088 | €605,967 | +€31,879 | +5.6% |
| Tangible fixed assets | 22/27 | €199,110 | €250,014 | +€50,904 | +25.6% |
| Plant, machinery and equipment | 23 | €49,289 | €31,790 | -€17,499 | -35.5% |
| Furniture and vehicles | 24 | €58,740 | €129,883 | +€71,143 | +121.1% |
| Leasing and similar rights | 25 | €85,616 | €84,729 | -€887 | -1.0% |
| Other tangible fixed assets | 26 | €5,464 | €3,612 | -€1,852 | -33.9% |
| Financial fixed assets | 28 | €374,978 | €355,953 | -€19,025 | -5.1% |
| Current assets | 29/58 | €4,435,169 | €4,738,091 | +€302,922 | +6.8% |
| Stocks and contracts in progress | 3 | €773,575 | €11,570 | -€762,005 | -98.5% |
| Stocks | 30/36 | €773,575 | €11,570 | -€762,005 | -98.5% |
| Amounts receivable within one year | 40/41 | €2,915,925 | €4,458,440 | +€1.5m | +52.9% |
| Trade receivables | 40 | €2,483,128 | €2,927,196 | +€444,068 | +17.9% |
| Other amounts receivable | 41 | €432,797 | €1,531,244 | +€1.1m | +253.8% |
| Cash at bank and in hand | 54/58 | €699,097 | €143,194 | -€555,903 | -79.5% |
| Deferred charges and accrued income | 490/1 | €46,572 | €124,887 | +€78,315 | +168.2% |
| Total equity and liabilities | 10/49 | €5,009,257 | €5,344,058 | +€334,801 | +6.7% |
| Equity | 10/15 | €1,722,991 | €1,526,200 | -€196,791 | -11.4% |
| Contributions | 10/11 | €93,592 | €93,592 | -€0 | 0.0% |
| Reserves | 13 | €9,359 | €9,359 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €9,359 | €9,359 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €9,359 | €9,359 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €1,620,040 | €1,423,249 | -€196,791 | -12.1% |
| Amounts payable | 17/49 | €3,286,266 | €3,817,858 | +€531,592 | +16.2% |
| Amounts payable after more than one year | 17 | €231,194 | €179,166 | -€52,028 | -22.5% |
| Financial debts | 170/4 | €231,194 | €179,166 | -€52,028 | -22.5% |
| Amounts payable within one year | 42/48 | €3,055,072 | €3,638,692 | +€583,620 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €202,016 | €249,701 | +€47,685 | +23.6% |
| Financial debts | 43 | €250,000 | €550,000 | +€300,000 | +120.0% |
| Credit institutions | 430/8 | €250,000 | €550,000 | +€300,000 | +120.0% |
| Trade debts | 44 | €834,498 | €1,083,201 | +€248,703 | +29.8% |
| Suppliers | 440/4 | €834,498 | €1,083,201 | +€248,703 | +29.8% |
| Taxes, remuneration and social security | 45 | €197,691 | €150,384 | -€47,307 | -23.9% |
| Taxes | 450/3 | €197,691 | €150,384 | -€47,307 | -23.9% |
| Other amounts payable | 47/48 | €1,570,866 | €1,605,406 | +€34,540 | +2.2% |
| Remuneration, social security and pensions | 62 | €1,388,965 | €1,662,208 | +€273,243 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,762 | €113,646 | +€884 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,250 | - | -€1,250 | |
| Other operating charges | 640/8 | €7,489 | €22,433 | +€14,944 | +199.6% |
| Gross operating margin | 9900 | €2,125,809 | €2,922,086 | +€796,277 | +37.5% |
| Operating profit (loss) | 9901 | €615,344 | €1,123,799 | +€508,455 | +82.6% |
| Financial income | 75/76B | €3,512 | €35,053 | +€31,541 | +898.0% |
| Recurring financial income | 75 | €3,512 | €35,053 | +€31,541 | +898.0% |
| Financial charges | 65/66B | €77,335 | €323,232 | +€245,897 | +318.0% |
| Recurring financial charges | 65 | €77,335 | €323,232 | +€245,897 | +318.0% |
| Profit (loss) for the period before taxes | 9903 | €541,521 | €835,620 | +€294,099 | +54.3% |
| Income taxes | 67/77 | €122,839 | €257,879 | +€135,040 | +109.9% |
| Profit (loss) for the period | 9904 | €418,682 | €577,741 | +€159,059 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €418,682 | €577,741 | +€159,059 | +38.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.