Timbers Design: 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.
Timbers Design
Largest movements
- Receivables within one year +€32,176
up €32,176 (+79.2%), from €40,649 to €72,825
of which Trade receivables: +€19,581
- Tangible fixed assets -€13,637
down €13,637 (-39.3%), from €34,660 to €21,023
of which Furniture and vehicles: -€8,800
- Cash +€4,897
up €4,897 (+31.6%), from €15,511 to €20,408
mainly Net result for the year (+€17,181) and Depreciation (+€13,637)
- Profit (loss) carried forward +€17,180
up €17,180 (+72.1%), from €23,814 to €40,994
- Trade debts +€9,263
up €9,263 (+95.7%), from €9,678 to €18,941
- Tax, wage and social debts -€3,024
down €3,024 (-43.8%), from €6,904 to €3,880
of which Taxes: -€4,620
- Gross operating margin -€6,843
down €6,843 (-6.5%), from €104,921 to €98,078
- Other operating charges -€3,215
down €3,215 (-60.2%), from €5,338 to €2,123
- Staff costs +€2,189
up €2,189 (+3.8%), from €56,956 to €59,145
- Taxes -€1,978
down €1,978 (-30.4%), from €6,508 to €4,530
- Financial charges +€1,497
up €1,497 (+1,970%), from €76 to €1,573
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 | €91,396 | €114,815 | +€23,419 | +25.6% |
| Fixed assets | 21/28 | €34,660 | €21,023 | -€13,637 | -39.3% |
| Tangible fixed assets | 22/27 | €34,660 | €21,023 | -€13,637 | -39.3% |
| Plant, machinery and equipment | 23 | €16,050 | €11,213 | -€4,837 | -30.1% |
| Furniture and vehicles | 24 | €18,610 | €9,810 | -€8,800 | -47.3% |
| Current assets | 29/58 | €56,736 | €93,792 | +€37,056 | +65.3% |
| Amounts receivable within one year | 40/41 | €40,649 | €72,825 | +€32,176 | +79.2% |
| Trade receivables | 40 | €15,650 | €35,231 | +€19,581 | +125% |
| Other amounts receivable | 41 | €24,999 | €37,594 | +€12,595 | +50.4% |
| Cash at bank and in hand | 54/58 | €15,511 | €20,408 | +€4,897 | +31.6% |
| Deferred charges and accrued income | 490/1 | €576 | €559 | -€17 | -3.0% |
| Total equity and liabilities | 10/49 | €91,396 | €114,815 | +€23,419 | +25.6% |
| Equity | 10/15 | €24,814 | €41,994 | +€17,180 | +69.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,814 | €40,994 | +€17,180 | +72.1% |
| Amounts payable | 17/49 | €66,582 | €72,821 | +€6,239 | +9.4% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,582 | €22,821 | +€6,239 | +37.6% |
| Trade debts | 44 | €9,678 | €18,941 | +€9,263 | +95.7% |
| Suppliers | 440/4 | €9,678 | €18,941 | +€9,263 | +95.7% |
| Taxes, remuneration and social security | 45 | €6,904 | €3,880 | -€3,024 | -43.8% |
| Taxes | 450/3 | €6,904 | €2,284 | -€4,620 | -66.9% |
| Remuneration and social security | 454/9 | - | €1,596 | +€1,596 | |
| Remuneration, social security and pensions | 62 | €56,956 | €59,145 | +€2,189 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,242 | €13,637 | +€1,395 | +11.4% |
| Other operating charges | 640/8 | €5,338 | €2,123 | -€3,215 | -60.2% |
| Gross operating margin | 9900 | €104,921 | €98,078 | -€6,843 | -6.5% |
| Operating profit (loss) | 9901 | €30,385 | €23,173 | -€7,212 | -23.7% |
| Financial income | 75/76B | €13 | €111 | +€98 | +754% |
| Recurring financial income | 75 | €13 | €111 | +€98 | +754% |
| Financial charges | 65/66B | €76 | €1,573 | +€1,497 | +1,970% |
| Recurring financial charges | 65 | €76 | €1,573 | +€1,497 | +1,970% |
| Profit (loss) for the period before taxes | 9903 | €30,322 | €21,711 | -€8,611 | -28.4% |
| Income taxes | 67/77 | €6,508 | €4,530 | -€1,978 | -30.4% |
| Profit (loss) for the period | 9904 | €23,814 | €17,181 | -€6,633 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,814 | €17,181 | -€6,633 | -27.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.