TIMBERFRAMING: 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.
TIMBERFRAMING
Largest movements
- Cash -€219,967
down €219,967 (-62.9%), from €349,917 to €129,950
mainly Investment in fixed assets (net) (-€159,958) and Deferred charges and accrued income (-€118,472)
- Deferred charges and accrued income +€118,472
up €118,472 (+1421.8%), from €8,333 to €126,805
- Tangible fixed assets +€101,878
up €101,878 (+87.9%), from €115,879 to €217,757
of which Furniture and vehicles: +€127,224
- Stocks and contracts +€53,321
new in 2025: €53,321
- Receivables after one year -€42,312
down €42,312 (-26.1%), from €162,193 to €119,881
- Other debts +€213,486
up €213,486 (+158.0%), from €135,148 to €348,634
- Advances received -€73,166
down €73,166 (-59.7%), from €122,616 to €49,450
- Profit (loss) carried forward -€69,307
down €69,307, from €0 to -€69,307
- Debts after one year -€37,851
down €37,851 (-18.8%), from €201,300 to €163,449
- Trade debts -€17,107
down €17,107 (-10.3%), from €166,443 to €149,336
- Gross operating margin -€170,562
down €170,562 (-18.1%), from €940,641 to €770,079
- Taxes -€30,267
down €30,267 (-100.0%), from €30,267 to €0
- Staff costs +€28,917
up €28,917 (+3.8%), from €751,746 to €780,663
- Write-downs -€25,617
down €25,617 (-100.0%), from €25,617 to €0
- Depreciation -€13,881
down €13,881 (-21.0%), from €66,180 to €52,299
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 | €1,196,937 | €1,197,275 | +€337 | 0.0% |
| Fixed assets | 21/28 | €132,449 | €240,108 | +€107,659 | +81.3% |
| Intangible fixed assets | 21 | €6,162 | €10,012 | +€3,849 | +62.5% |
| Tangible fixed assets | 22/27 | €115,879 | €217,757 | +€101,878 | +87.9% |
| Plant, machinery and equipment | 23 | €56,623 | €31,277 | -€25,346 | -44.8% |
| Furniture and vehicles | 24 | €59,256 | €186,480 | +€127,224 | +214.7% |
| Financial fixed assets | 28 | €10,408 | €12,340 | +€1,932 | +18.6% |
| Current assets | 29/58 | €1,064,488 | €957,166 | -€107,322 | -10.1% |
| Amounts receivable after more than one year | 29 | €162,193 | €119,881 | -€42,312 | -26.1% |
| Other amounts receivable | 291 | €162,193 | €119,881 | -€42,312 | -26.1% |
| Stocks and contracts in progress | 3 | - | €53,321 | +€53,321 | |
| Stocks | 30/36 | - | €53,321 | +€53,321 | |
| Amounts receivable within one year | 40/41 | €544,045 | €527,209 | -€16,837 | -3.1% |
| Trade receivables | 40 | €402,739 | €476,709 | +€73,970 | +18.4% |
| Other amounts receivable | 41 | €141,306 | €50,499 | -€90,807 | -64.3% |
| Cash at bank and in hand | 54/58 | €349,917 | €129,950 | -€219,967 | -62.9% |
| Deferred charges and accrued income | 490/1 | €8,333 | €126,805 | +€118,472 | +1421.8% |
| Total equity and liabilities | 10/49 | €1,196,937 | €1,197,275 | +€337 | 0.0% |
| Equity | 10/15 | €487,201 | €417,893 | -€69,307 | -14.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €481,001 | €481,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €479,146 | €479,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€69,307 | -€69,307 | |
| Amounts payable | 17/49 | €709,736 | €779,381 | +€69,645 | +9.8% |
| Amounts payable after more than one year | 17 | €201,300 | €163,449 | -€37,851 | -18.8% |
| Financial debts | 170/4 | €201,300 | €163,449 | -€37,851 | -18.8% |
| Amounts payable within one year | 42/48 | €496,363 | €608,496 | +€112,133 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €37,333 | €37,851 | +€518 | +1.4% |
| Trade debts | 44 | €166,443 | €149,336 | -€17,107 | -10.3% |
| Suppliers | 440/4 | €166,443 | €149,336 | -€17,107 | -10.3% |
| Advances received on contracts in progress | 46 | €122,616 | €49,450 | -€73,166 | -59.7% |
| Taxes, remuneration and social security | 45 | €34,822 | €23,225 | -€11,597 | -33.3% |
| Taxes | 450/3 | €281 | €0 | -€281 | -100.0% |
| Remuneration and social security | 454/9 | €34,541 | €23,225 | -€11,316 | -32.8% |
| Other amounts payable | 47/48 | €135,148 | €348,634 | +€213,486 | +158.0% |
| Accrued charges and deferred income | 492/3 | €12,073 | €7,436 | -€4,637 | -38.4% |
| Remuneration, social security and pensions | 62 | €751,746 | €780,663 | +€28,917 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,180 | €52,299 | -€13,881 | -21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,617 | €0 | -€25,617 | -100.0% |
| Other operating charges | 640/8 | €3,349 | €3,585 | +€236 | +7.0% |
| Gross operating margin | 9900 | €940,641 | €770,079 | -€170,562 | -18.1% |
| Operating profit (loss) | 9901 | €93,748 | -€66,468 | -€160,216 | |
| Financial income | 75/76B | €935 | €439 | -€497 | -53.1% |
| Recurring financial income | 75 | €935 | €439 | -€497 | -53.1% |
| Financial charges | 65/66B | €3,906 | €3,278 | -€627 | -16.1% |
| Recurring financial charges | 65 | €3,906 | €3,278 | -€627 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €90,778 | -€69,307 | -€160,085 | |
| Income taxes | 67/77 | €30,267 | €0 | -€30,267 | -100.0% |
| Profit (loss) for the period | 9904 | €60,511 | -€69,307 | -€129,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,511 | -€69,307 | -€129,818 |
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 3 October 2026 via checked.be.