Timber21: 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.
Timber21
Largest movements
- Receivables after one year +€117,000
new in 2025: €117,000
- Receivables within one year -€35,347
down €35,347 (-18.3%), from €193,531 to €158,185
of which Other amounts receivable: -€28,134
- Cash -€6,681
down €6,681 (-91.4%), from €7,313 to €632
mainly Receivables after one year (-€117,000) and Other debts (-€33,150)
- Reserves +€107,020
up €107,020 (+7,710%), from €1,388 to €108,408
- Other debts -€33,150
no longer reported in 2025 (was €33,150)
- Short-term financial debts +€24,962
new in 2025: €24,962
- Tax, wage and social debts -€14,499
down €14,499 (-9.9%), from €146,042 to €131,543
- Trade debts -€11,445
down €11,445 (-58.5%), from €19,547 to €8,103
- Financial charges +€5,053
up €5,053 (+272%), from €1,855 to €6,908
- Gross operating margin +€3,600
up €3,600 (+2.4%), from €149,492 to €153,092
- Financial income -€1,584
down €1,584 (-11.8%), from €13,462 to €11,877
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 | €205,127 | €278,016 | +€72,889 | +35.5% |
| Fixed assets | 21/28 | €1,755 | €1,911 | +€156 | +8.9% |
| Tangible fixed assets | 22/27 | €1,755 | €1,911 | +€156 | +8.9% |
| Furniture and vehicles | 24 | €683 | €1,132 | +€448 | +65.6% |
| Other tangible fixed assets | 26 | €1,071 | €779 | -€292 | -27.3% |
| Current assets | 29/58 | €203,372 | €276,105 | +€72,733 | +35.8% |
| Amounts receivable after more than one year | 29 | - | €117,000 | +€117,000 | |
| Other amounts receivable | 291 | - | €117,000 | +€117,000 | |
| Amounts receivable within one year | 40/41 | €193,531 | €158,185 | -€35,347 | -18.3% |
| Trade receivables | 40 | €7,213 | - | -€7,213 | |
| Other amounts receivable | 41 | €186,318 | €158,185 | -€28,134 | -15.1% |
| Cash at bank and in hand | 54/58 | €7,313 | €632 | -€6,681 | -91.4% |
| Deferred charges and accrued income | 490/1 | €2,527 | €289 | -€2,239 | -88.6% |
| Total equity and liabilities | 10/49 | €205,127 | €278,016 | +€72,889 | +35.5% |
| Equity | 10/15 | €6,388 | €113,408 | +€107,020 | +1,675% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,388 | €108,408 | +€107,020 | +7,710% |
| Distributable reserves | 133 | €1,388 | €108,408 | +€107,020 | +7,710% |
| Amounts payable | 17/49 | €198,739 | €164,608 | -€34,131 | -17.2% |
| Amounts payable within one year | 42/48 | €198,739 | €164,608 | -€34,131 | -17.2% |
| Financial debts | 43 | - | €24,962 | +€24,962 | |
| Credit institutions | 430/8 | - | €24,962 | +€24,962 | |
| Trade debts | 44 | €19,547 | €8,103 | -€11,445 | -58.5% |
| Suppliers | 440/4 | €19,547 | €8,103 | -€11,445 | -58.5% |
| Taxes, remuneration and social security | 45 | €146,042 | €131,543 | -€14,499 | -9.9% |
| Taxes | 450/3 | €146,042 | €131,543 | -€14,499 | -9.9% |
| Other amounts payable | 47/48 | €33,150 | - | -€33,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €605 | +€177 | +41.3% |
| Other operating charges | 640/8 | €1,196 | €66 | -€1,131 | -94.5% |
| Gross operating margin | 9900 | €149,492 | €153,092 | +€3,600 | +2.4% |
| Operating profit (loss) | 9901 | €147,868 | €152,421 | +€4,554 | +3.1% |
| Financial income | 75/76B | €13,462 | €11,877 | -€1,584 | -11.8% |
| Recurring financial income | 75 | €13,462 | €11,877 | -€1,584 | -11.8% |
| Financial charges | 65/66B | €1,855 | €6,908 | +€5,053 | +272% |
| Recurring financial charges | 65 | €1,855 | €6,908 | +€5,053 | +272% |
| Profit (loss) for the period before taxes | 9903 | €159,475 | €157,391 | -€2,084 | -1.3% |
| Income taxes | 67/77 | €49,902 | €50,370 | +€468 | +0.9% |
| Profit (loss) for the period | 9904 | €109,572 | €107,020 | -€2,552 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,572 | €107,020 | -€2,552 | -2.3% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.