TIMBER WORKS: 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 WORKS
Largest movements
- Receivables within one year +€173,723
up €173,723 (+61.0%), from €284,727 to €458,450
of which Trade receivables: +€229,783
- Tangible fixed assets -€121,503
down €121,503 (-47.5%), from €255,858 to €134,355
of which Plant, machinery and equipment: -€120,065
- Trade debts +€287,379
up €287,379 (+704%), from €40,829 to €328,208
- Accrued charges and deferred income -€125,000
down €125,000 (-100%), from €125,000 to €0
- Profit (loss) carried forward -€84,464
down €84,464 (-11.7%), from -€722,463 to -€806,927
- Debts after one year -€31,819
down €31,819 (-31.6%), from €100,767 to €68,948
- Tax, wage and social debts +€12,133
up €12,133 (+1,454%), from €835 to €12,967
of which Taxes: +€8,721
- Gross operating margin -€130,125
down €130,125 (-39.4%), from €330,605 to €200,480
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 | €779,320 | €834,195 | +€54,875 | +7.0% |
| Fixed assets | 21/28 | €258,813 | €137,310 | -€121,503 | -46.9% |
| Tangible fixed assets | 22/27 | €255,858 | €134,355 | -€121,503 | -47.5% |
| Land and buildings | 22 | €471 | €235 | -€235 | -50.0% |
| Plant, machinery and equipment | 23 | €252,796 | €132,732 | -€120,065 | -47.5% |
| Furniture and vehicles | 24 | €2,591 | €1,388 | -€1,203 | -46.4% |
| Financial fixed assets | 28 | €2,955 | €2,955 | = | 0.0% |
| Current assets | 29/58 | €520,507 | €696,885 | +€176,378 | +33.9% |
| Stocks and contracts in progress | 3 | €205,063 | €211,435 | +€6,373 | +3.1% |
| Stocks | 30/36 | €205,063 | €211,435 | +€6,373 | +3.1% |
| Amounts receivable within one year | 40/41 | €284,727 | €458,450 | +€173,723 | +61.0% |
| Trade receivables | 40 | €128,667 | €358,450 | +€229,783 | +179% |
| Other amounts receivable | 41 | €156,060 | €100,000 | -€56,060 | -35.9% |
| Cash at bank and in hand | 54/58 | €30,717 | €27,000 | -€3,717 | -12.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €779,320 | €834,195 | +€54,875 | +7.0% |
| Equity | 10/15 | €3,787 | -€80,677 | -€84,464 | |
| Contributions | 10/11 | €726,250 | €726,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€722,463 | -€806,927 | -€84,464 | -11.7% |
| Amounts payable | 17/49 | €775,533 | €914,871 | +€139,339 | +18.0% |
| Amounts payable after more than one year | 17 | €100,767 | €68,948 | -€31,819 | -31.6% |
| Financial debts | 170/4 | €100,767 | €68,948 | -€31,819 | -31.6% |
| Amounts payable within one year | 42/48 | €549,766 | €845,924 | +€296,158 | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €36,742 | €31,819 | -€4,923 | -13.4% |
| Financial debts | 43 | €444,490 | €444,490 | = | 0.0% |
| Other loans | 439 | €444,490 | €444,490 | = | 0.0% |
| Trade debts | 44 | €40,829 | €328,208 | +€287,379 | +704% |
| Suppliers | 440/4 | €40,829 | €328,208 | +€287,379 | +704% |
| Taxes, remuneration and social security | 45 | €835 | €12,967 | +€12,133 | +1,454% |
| Taxes | 450/3 | €835 | €9,556 | +€8,721 | +1,045% |
| Remuneration and social security | 454/9 | - | €3,411 | +€3,411 | |
| Other amounts payable | 47/48 | €26,870 | €28,439 | +€1,569 | +5.8% |
| Accrued charges and deferred income | 492/3 | €125,000 | €0 | -€125,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €148,865 | €150,478 | +€1,612 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,001 | €125,753 | +€752 | +0.6% |
| Other operating charges | 640/8 | €3,201 | €2,639 | -€562 | -17.5% |
| Gross operating margin | 9900 | €330,605 | €200,480 | -€130,125 | -39.4% |
| Operating profit (loss) | 9901 | €53,538 | -€78,390 | -€131,928 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €5,834 | €5,289 | -€545 | -9.3% |
| Recurring financial charges | 65 | €5,834 | €5,289 | -€545 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €47,703 | -€83,680 | -€131,383 | |
| Income taxes | 67/77 | €835 | €784 | -€51 | -6.1% |
| Profit (loss) for the period | 9904 | €46,869 | -€84,464 | -€131,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,869 | -€84,464 | -€131,332 |
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.