TIMBERGROUP: 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.
TIMBERGROUP
Largest movements
- Stocks and contracts +€28,428
up €28,428 (+92.1%), from €30,863 to €59,290
- Receivables within one year -€22,683
down €22,683 (-18.1%), from €125,553 to €102,869
of which Trade receivables: -€18,500
- Cash -€19,066
down €19,066 (-85.7%), from €22,242 to €3,176
mainly Trade debts (-€31,704) and Stocks and contracts (-€28,428)
- Trade debts -€31,704
down €31,704 (-26.4%), from €120,123 to €88,419
of which Suppliers: -€45,137
- Current portion of long-term debt +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Profit (loss) carried forward -€4,446
down €4,446 (-30.0%), from -€14,816 to -€19,261
- Tax, wage and social debts -€2,891
down €2,891 (-100%), from €2,891 to €0
- Gross operating margin +€58,920
up €58,920, from -€55,931 to €2,989
- Financial charges +€6,372
up €6,372 (+144%), from €4,417 to €10,790
- Financial income +€1,437
up €1,437 (+60.0%), from €2,393 to €3,830
- Other operating charges -€982
down €982 (-99.5%), from €987 to €5
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 | €182,440 | €168,399 | -€14,041 | -7.7% |
| Fixed assets | 21/28 | €2,983 | €2,596 | -€387 | -13.0% |
| Tangible fixed assets | 22/27 | €2,983 | €2,596 | -€387 | -13.0% |
| Land and buildings | 22 | €2,983 | €2,596 | -€387 | -13.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €179,457 | €165,803 | -€13,654 | -7.6% |
| Stocks and contracts in progress | 3 | €30,863 | €59,290 | +€28,428 | +92.1% |
| Stocks | 30/36 | €30,863 | €59,290 | +€28,428 | +92.1% |
| Amounts receivable within one year | 40/41 | €125,553 | €102,869 | -€22,683 | -18.1% |
| Trade receivables | 40 | €99,126 | €80,627 | -€18,500 | -18.7% |
| Other amounts receivable | 41 | €26,426 | €22,243 | -€4,184 | -15.8% |
| Cash at bank and in hand | 54/58 | €22,242 | €3,176 | -€19,066 | -85.7% |
| Deferred charges and accrued income | 490/1 | €800 | €467 | -€333 | -41.6% |
| Total equity and liabilities | 10/49 | €182,440 | €168,399 | -€14,041 | -7.7% |
| Equity | 10/15 | €5,594 | €1,149 | -€4,446 | -79.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,816 | -€19,261 | -€4,446 | -30.0% |
| Amounts payable | 17/49 | €176,846 | €167,250 | -€9,595 | -5.4% |
| Amounts payable within one year | 42/48 | €176,846 | €167,250 | -€9,595 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €120,123 | €88,419 | -€31,704 | -26.4% |
| Suppliers | 440/4 | €119,809 | €74,673 | -€45,137 | -37.7% |
| Bills of exchange payable | 441 | €314 | €13,746 | +€13,432 | +4,277% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,891 | €0 | -€2,891 | -100% |
| Taxes | 450/3 | €2,891 | €0 | -€2,891 | -100% |
| Other amounts payable | 47/48 | €3,831 | €3,831 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €223 | €83 | -€140 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588 | €387 | -€200 | -34.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €987 | €5 | -€982 | -99.5% |
| Gross operating margin | 9900 | -€55,931 | €2,989 | +€58,920 | |
| Operating profit (loss) | 9901 | -€57,729 | €2,514 | +€60,242 | |
| Financial income | 75/76B | €2,393 | €3,830 | +€1,437 | +60.0% |
| Recurring financial income | 75 | €2,393 | €3,830 | +€1,437 | +60.0% |
| Financial charges | 65/66B | €4,417 | €10,790 | +€6,372 | +144% |
| Recurring financial charges | 65 | €4,417 | €10,790 | +€6,372 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€59,752 | -€4,446 | +€55,307 | +92.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€59,752 | -€4,446 | +€55,307 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,752 | -€4,446 | +€55,307 | +92.6% |
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 20 October 2026 via checked.be.