Timbertec: 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.
Timbertec
Largest movements
- Tangible fixed assets +€63,094
up €63,094 (+894.4%), from €7,054 to €70,148
of which Furniture and vehicles: +€62,855
- Cash -€32,520
down €32,520 (-60.0%), from €54,233 to €21,714
mainly Investment in fixed assets (net) (-€68,749) and Contributions, distributions and other (-€23,000)
- Deferred charges and accrued income +€1,888
up €1,888 (+64.5%), from €2,929 to €4,817
- Debts after one year +€54,956
new in 2025: €54,956
- Reserves -€18,859
down €18,859 (-47.2%), from €39,951 to €21,092
- Tax, wage and social debts -€8,090
down €8,090 (-52.2%), from €15,486 to €7,396
- Current portion of long-term debt +€8,083
new in 2025: €8,083
- Other debts -€2,970
down €2,970 (-29.4%), from €10,114 to €7,144
- Gross operating margin -€16,818
down €16,818 (-47.7%), from €35,223 to €18,406
- Depreciation -€8,490
down €8,490 (-60.0%), from €14,145 to €5,655
- Taxes -€1,363
down €1,363 (-32.7%), from €4,175 to €2,811
- Financial charges +€877
up €877 (+38.7%), from €2,262 to €3,139
- Other operating charges +€542
up €542 (+459.0%), from €118 to €660
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 | €72,674 | €104,415 | +€31,741 | +43.7% |
| Fixed assets | 21/28 | €7,054 | €70,148 | +€63,094 | +894.4% |
| Tangible fixed assets | 22/27 | €7,054 | €70,148 | +€63,094 | +894.4% |
| Plant, machinery and equipment | 23 | €4,903 | €5,142 | +€239 | +4.9% |
| Furniture and vehicles | 24 | €2,152 | €65,006 | +€62,855 | +2921.4% |
| Current assets | 29/58 | €65,620 | €34,267 | -€31,353 | -47.8% |
| Amounts receivable within one year | 40/41 | €8,458 | €7,737 | -€721 | -8.5% |
| Trade receivables | 40 | €8,458 | €7,737 | -€721 | -8.5% |
| Cash at bank and in hand | 54/58 | €54,233 | €21,714 | -€32,520 | -60.0% |
| Deferred charges and accrued income | 490/1 | €2,929 | €4,817 | +€1,888 | +64.5% |
| Total equity and liabilities | 10/49 | €72,674 | €104,415 | +€31,741 | +43.7% |
| Equity | 10/15 | €39,951 | €23,092 | -€16,859 | -42.2% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Reserves | 13 | €39,951 | €21,092 | -€18,859 | -47.2% |
| Distributable reserves | 133 | €39,951 | €21,092 | -€18,859 | -47.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,723 | €81,323 | +€48,600 | +148.5% |
| Amounts payable after more than one year | 17 | - | €54,956 | +€54,956 | |
| Financial debts | 170/4 | - | €54,956 | +€54,956 | |
| Amounts payable within one year | 42/48 | €30,660 | €25,756 | -€4,903 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,083 | +€8,083 | |
| Trade debts | 44 | €5,060 | €3,132 | -€1,927 | -38.1% |
| Suppliers | 440/4 | €5,060 | €3,132 | -€1,927 | -38.1% |
| Taxes, remuneration and social security | 45 | €15,486 | €7,396 | -€8,090 | -52.2% |
| Taxes | 450/3 | €15,486 | €7,396 | -€8,090 | -52.2% |
| Other amounts payable | 47/48 | €10,114 | €7,144 | -€2,970 | -29.4% |
| Accrued charges and deferred income | 492/3 | €2,064 | €611 | -€1,453 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,145 | €5,655 | -€8,490 | -60.0% |
| Other operating charges | 640/8 | €118 | €660 | +€542 | +459.0% |
| Gross operating margin | 9900 | €35,223 | €18,406 | -€16,818 | -47.7% |
| Operating profit (loss) | 9901 | €20,961 | €12,091 | -€8,869 | -42.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,262 | €3,139 | +€877 | +38.7% |
| Recurring financial charges | 65 | €2,262 | €3,139 | +€877 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €18,698 | €8,952 | -€9,746 | -52.1% |
| Income taxes | 67/77 | €4,175 | €2,811 | -€1,363 | -32.7% |
| Profit (loss) for the period | 9904 | €14,523 | €6,141 | -€8,382 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,523 | €6,141 | -€8,382 | -57.7% |
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 7 October 2026 via checked.be.