TIMBERROOF: 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.
TIMBERROOF
Largest movements
- Cash -€35,923
down €35,923 (-68.9%), from €52,157 to €16,235
mainly Net result for the year (-€53,269) and Investment in fixed assets (net) (-€52,150)
- Reserves -€29,407
down €29,407 (-2.4%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€29,407
- Debts after one year -€28,824
down €28,824 (-4.0%), from €714,085 to €685,261
of which Financial debts: -€28,824
- Other debts +€25,262
up €25,262 (+190.0%), from €13,294 to €38,557
- Gross operating margin +€40,985
up €40,985, from -€5,282 to €35,703
- Depreciation +€26,988
up €26,988 (+61.9%), from €43,633 to €70,621
- Financial charges +€9,760
up €9,760 (+103.3%), from €9,451 to €19,211
- Taxes -€4,292
new in 2024: -€4,292
- Financial income -€3,209
no longer reported in 2024 (was €3,209)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,162,267 | €2,109,192 | -€53,075 | -2.5% |
| Fixed assets | 21/28 | €2,107,186 | €2,088,714 | -€18,472 | -0.9% |
| Tangible fixed assets | 22/27 | €2,107,186 | €2,088,714 | -€18,472 | -0.9% |
| Land and buildings | 22 | €2,098,211 | €2,050,625 | -€47,586 | -2.3% |
| Plant, machinery and equipment | 23 | €6,692 | €35,484 | +€28,793 | +430.3% |
| Furniture and vehicles | 24 | €2,284 | €2,605 | +€321 | +14.1% |
| Current assets | 29/58 | €55,081 | €20,478 | -€34,603 | -62.8% |
| Amounts receivable within one year | 40/41 | €1,828 | €1,828 | = | 0.0% |
| Other amounts receivable | 41 | €1,828 | €1,828 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,157 | €16,235 | -€35,923 | -68.9% |
| Deferred charges and accrued income | 490/1 | €1,096 | €2,416 | +€1,320 | +120.5% |
| Total equity and liabilities | 10/49 | €2,162,267 | €2,109,192 | -€53,075 | -2.5% |
| Equity | 10/15 | €1,086,549 | €1,043,083 | -€43,467 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,250,130 | €1,220,723 | -€29,407 | -2.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €941,036 | €911,628 | -€29,407 | -3.1% |
| Distributable reserves | 133 | €302,894 | €302,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,581 | -€239,640 | -€14,059 | -6.2% |
| Provisions and deferred taxes | 16 | €313,679 | €303,876 | -€9,802 | -3.1% |
| Deferred taxes | 168 | €313,679 | €303,876 | -€9,802 | -3.1% |
| Amounts payable | 17/49 | €762,039 | €762,234 | +€194 | 0.0% |
| Amounts payable after more than one year | 17 | €714,085 | €685,261 | -€28,824 | -4.0% |
| Financial debts | 170/4 | €464,085 | €435,261 | -€28,824 | -6.2% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,121 | €72,565 | +€27,443 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €28,100 | €29,252 | +€1,151 | +4.1% |
| Trade debts | 44 | €2,098 | €2,678 | +€580 | +27.6% |
| Suppliers | 440/4 | €2,098 | €2,678 | +€580 | +27.6% |
| Taxes, remuneration and social security | 45 | €1,628 | €2,078 | +€450 | +27.6% |
| Taxes | 450/3 | €1,628 | €2,078 | +€450 | +27.6% |
| Other amounts payable | 47/48 | €13,294 | €38,557 | +€25,262 | +190.0% |
| Accrued charges and deferred income | 492/3 | €2,833 | €4,408 | +€1,575 | +55.6% |
| Non-recurring operating income | 76A | €1,499 | - | -€1,499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,633 | €70,621 | +€26,988 | +61.9% |
| Other operating charges | 640/8 | €3,568 | €3,432 | -€136 | -3.8% |
| Gross operating margin | 9900 | -€5,282 | €35,703 | +€40,985 | |
| Operating profit (loss) | 9901 | -€52,484 | -€38,350 | +€14,134 | +26.9% |
| Financial income | 75/76B | €3,209 | - | -€3,209 | |
| Recurring financial income | 75 | €3,209 | - | -€3,209 | |
| Financial charges | 65/66B | €9,451 | €19,211 | +€9,760 | +103.3% |
| Recurring financial charges | 65 | €9,451 | €19,211 | +€9,760 | +103.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,726 | -€57,561 | +€1,165 | +2.0% |
| Transfer from deferred taxes | 780 | €39,210 | - | -€39,210 | |
| Income taxes | 67/77 | - | -€4,292 | -€4,292 | |
| Profit (loss) for the period | 9904 | -€19,516 | -€53,269 | -€33,753 | -172.9% |
| Transfer from tax-exempt reserves | 789 | - | €39,210 | +€39,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,516 | -€14,059 | +€5,457 | +28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.