TIMBERTECH: 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.
TIMBERTECH
Largest movements
- Cash +€537,479
up €537,479 (+237%), from €226,500 to €763,979
mainly Net result for the year (+€767,916) and Trade debts (+€457,687)
- Stocks and contracts +€219,375
up €219,375 (+83.4%), from €263,075 to €482,450
of which Contracts in progress: +€200,000
- Current investments +€55,229
up €55,229 (+1.7%), from €3.2m to €3.3m
- Reserves +€496,683
up €496,683 (+17.2%), from €2.9m to €3.4m
- Trade debts +€457,687
up €457,687 (+102%), from €449,601 to €907,288
- Tax, wage and social debts -€119,727
down €119,727 (-42.8%), from €279,802 to €160,074
of which Taxes: -€105,678
- Financial income +€196,539
up €196,539 (+229%), from €85,991 to €282,530
- Gross operating margin +€111,550
up €111,550 (+11.4%), from €982,672 to €1.1m
- Taxes +€95,424
up €95,424 (+37.0%), from €257,936 to €353,360
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 | €4,051,261 | €4,863,994 | +€812,732 | +20.1% |
| Fixed assets | 21/28 | €204,057 | €184,639 | -€19,418 | -9.5% |
| Tangible fixed assets | 22/27 | €203,995 | €184,578 | -€19,418 | -9.5% |
| Land and buildings | 22 | €164,932 | €153,286 | -€11,646 | -7.1% |
| Plant, machinery and equipment | 23 | €36,659 | €29,774 | -€6,885 | -18.8% |
| Furniture and vehicles | 24 | €2,404 | €1,517 | -€887 | -36.9% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €3,847,204 | €4,679,354 | +€832,150 | +21.6% |
| Stocks and contracts in progress | 3 | €263,075 | €482,450 | +€219,375 | +83.4% |
| Stocks | 30/36 | €263,075 | €282,450 | +€19,375 | +7.4% |
| Contracts in progress | 37 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €116,166 | €135,443 | +€19,277 | +16.6% |
| Trade receivables | 40 | €97,400 | €116,159 | +€18,760 | +19.3% |
| Other amounts receivable | 41 | €18,767 | €19,284 | +€518 | +2.8% |
| Current investments | 50/53 | €3,228,515 | €3,283,744 | +€55,229 | +1.7% |
| Cash at bank and in hand | 54/58 | €226,500 | €763,979 | +€537,479 | +237% |
| Deferred charges and accrued income | 490/1 | €12,948 | €13,738 | +€790 | +6.1% |
| Total equity and liabilities | 10/49 | €4,051,261 | €4,863,994 | +€812,732 | +20.1% |
| Equity | 10/15 | €2,898,589 | €3,395,271 | +€496,683 | +17.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,879,997 | €3,376,679 | +€496,683 | +17.2% |
| Distributable reserves | 133 | €2,879,997 | €3,376,679 | +€496,683 | +17.2% |
| Amounts payable | 17/49 | €1,152,672 | €1,468,722 | +€316,050 | +27.4% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €752,657 | €1,068,683 | +€316,027 | +42.0% |
| Trade debts | 44 | €449,601 | €907,288 | +€457,687 | +102% |
| Suppliers | 440/4 | €449,601 | €907,288 | +€457,687 | +102% |
| Advances received on contracts in progress | 46 | - | €535 | +€535 | |
| Taxes, remuneration and social security | 45 | €279,802 | €160,074 | -€119,727 | -42.8% |
| Taxes | 450/3 | €259,555 | €153,877 | -€105,678 | -40.7% |
| Remuneration and social security | 454/9 | €20,247 | €6,198 | -€14,049 | -69.4% |
| Other amounts payable | 47/48 | €23,254 | €785 | -€22,468 | -96.6% |
| Accrued charges and deferred income | 492/3 | €16 | €39 | +€23 | +148% |
| Non-recurring operating income | 76A | €131,819 | - | -€131,819 | |
| Remuneration, social security and pensions | 62 | €160,052 | €153,719 | -€6,334 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,415 | €24,196 | +€3,781 | +18.5% |
| Other operating charges | 640/8 | €19,081 | €12,402 | -€6,679 | -35.0% |
| Non-recurring operating charges | 66A | €7,422 | - | -€7,422 | |
| Gross operating margin | 9900 | €982,672 | €1,094,221 | +€111,550 | +11.4% |
| Operating profit (loss) | 9901 | €775,700 | €903,905 | +€128,204 | +16.5% |
| Financial income | 75/76B | €85,991 | €282,530 | +€196,539 | +229% |
| Recurring financial income | 75 | €85,991 | €282,530 | +€196,539 | +229% |
| Financial charges | 65/66B | €69,946 | €65,159 | -€4,787 | -6.8% |
| Recurring financial charges | 65 | €69,946 | €65,159 | -€4,787 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €791,745 | €1,121,276 | +€329,531 | +41.6% |
| Income taxes | 67/77 | €257,936 | €353,360 | +€95,424 | +37.0% |
| Profit (loss) for the period | 9904 | €533,809 | €767,916 | +€234,107 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €533,809 | €767,916 | +€234,107 | +43.9% |
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 13 October 2026 via checked.be.