TIMBERA: what changed
TIMBERA
Largest movements
- Cash +€7,113
up €7,113 (+89.0%), from €7,994 to €15,108
mainly Trade debts (+€8,670) and Depreciation (+€7,023)
- Tangible fixed assets -€7,023
down €7,023 (-30.2%), from €23,278 to €16,255
of which Plant, machinery and equipment: -€5,726
- Stocks and contracts -€1,022
down €1,022 (-11.4%), from €8,947 to €7,925
- Deferred charges and accrued income +€744
new in 2026: €744
- Trade debts +€8,670
up €8,670 (+79.6%), from €10,888 to €19,558
- Profit (loss) carried forward -€4,828
new in 2026: -€4,828
- Reserves -€3,819
no longer reported in 2026 (was €3,819)
- Gross operating margin +€1,207
up €1,207 (+44.5%), from -€2,713 to -€1,506
- Depreciation -€774
down €774 (-9.9%), from €7,797 to €7,023
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,207 | €42,230 | +€23 | +0.1% |
| Fixed assets | 21/28 | €23,278 | €16,255 | -€7,023 | -30.2% |
| Tangible fixed assets | 22/27 | €23,278 | €16,255 | -€7,023 | -30.2% |
| Plant, machinery and equipment | 23 | €21,910 | €16,184 | -€5,726 | -26.1% |
| Furniture and vehicles | 24 | €1,368 | €71 | -€1,298 | -94.8% |
| Current assets | 29/58 | €18,929 | €25,975 | +€7,046 | +37.2% |
| Stocks and contracts in progress | 3 | €8,947 | €7,925 | -€1,022 | -11.4% |
| Stocks | 30/36 | €8,947 | €7,925 | -€1,022 | -11.4% |
| Amounts receivable within one year | 40/41 | €1,988 | €2,199 | +€211 | +10.6% |
| Trade receivables | 40 | €1,535 | €1,535 | = | 0.0% |
| Other amounts receivable | 41 | €453 | €664 | +€211 | +46.6% |
| Cash at bank and in hand | 54/58 | €7,994 | €15,108 | +€7,113 | +89.0% |
| Deferred charges and accrued income | 490/1 | - | €744 | +€744 | |
| Total equity and liabilities | 10/49 | €42,207 | €42,230 | +€23 | +0.1% |
| Equity | 10/15 | €8,819 | €172 | -€8,647 | -98.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,819 | - | -€3,819 | |
| Distributable reserves | 133 | €3,819 | - | -€3,819 | |
| Profit (loss) carried forward | 14 | - | -€4,828 | -€4,828 | |
| Amounts payable | 17/49 | €33,388 | €42,058 | +€8,670 | +26.0% |
| Amounts payable within one year | 42/48 | €33,388 | €42,058 | +€8,670 | +26.0% |
| Trade debts | 44 | €10,888 | €19,558 | +€8,670 | +79.6% |
| Suppliers | 440/4 | €10,888 | €19,558 | +€8,670 | +79.6% |
| Other amounts payable | 47/48 | €22,500 | €22,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,797 | €7,023 | -€774 | -9.9% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€2,713 | -€1,506 | +€1,207 | +44.5% |
| Operating profit (loss) | 9901 | -€10,572 | -€8,592 | +€1,980 | +18.7% |
| Financial charges | 65/66B | €54 | €56 | +€2 | +2.8% |
| Recurring financial charges | 65 | €54 | €56 | +€2 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,626 | -€8,647 | +€1,979 | +18.6% |
| Profit (loss) for the period | 9904 | -€10,626 | -€8,647 | +€1,979 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,626 | -€8,647 | +€1,979 | +18.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.