TimberTree: 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.
TimberTree
Largest movements
- Cash -€13,044
down €13,044 (-23.1%), from €56,455 to €43,412
mainly Contributions, distributions and other (-€25,143) and Net result for the year (-€9,214)
- Tangible fixed assets -€2,602
down €2,602 (-27.9%), from €9,338 to €6,736
of which Plant, machinery and equipment: -€1,990
- Receivables within one year -€1,405
down €1,405 (-9.9%), from €14,234 to €12,829
of which Other amounts receivable: -€2,671
- Profit (loss) carried forward -€33,462
down €33,462, from €24,248 to -€9,214
- Other debts +€21,316
up €21,316 (+319%), from €6,675 to €27,991
- Reserves -€13,245
down €13,245 (-33.6%), from €39,400 to €26,154
of which Distributable reserves: -€13,245
- Contributions +€12,350
up €12,350 (+199%), from €6,200 to €18,550
- Trade debts -€4,241
no longer reported in 2025 (was €4,241)
- Gross operating margin -€45,785
down €45,785, from €41,144 to -€4,641
- Taxes -€13,251
down €13,251, from €12,476 to -€775
- Depreciation +€438
up €438 (+12.0%), from €3,640 to €4,079
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 | €80,764 | €63,481 | -€17,283 | -21.4% |
| Fixed assets | 21/28 | €9,338 | €6,736 | -€2,602 | -27.9% |
| Tangible fixed assets | 22/27 | €9,338 | €6,736 | -€2,602 | -27.9% |
| Plant, machinery and equipment | 23 | €5,933 | €3,943 | -€1,990 | -33.5% |
| Furniture and vehicles | 24 | €3,405 | €2,793 | -€612 | -18.0% |
| Current assets | 29/58 | €71,426 | €56,746 | -€14,681 | -20.6% |
| Amounts receivable within one year | 40/41 | €14,234 | €12,829 | -€1,405 | -9.9% |
| Trade receivables | 40 | €3,317 | €4,582 | +€1,265 | +38.1% |
| Other amounts receivable | 41 | €10,917 | €8,246 | -€2,671 | -24.5% |
| Cash at bank and in hand | 54/58 | €56,455 | €43,412 | -€13,044 | -23.1% |
| Deferred charges and accrued income | 490/1 | €737 | €505 | -€232 | -31.4% |
| Total equity and liabilities | 10/49 | €80,764 | €63,481 | -€17,283 | -21.4% |
| Equity | 10/15 | €69,847 | €35,490 | -€34,358 | -49.2% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199% |
| Reserves | 13 | €39,400 | €26,154 | -€13,245 | -33.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €37,545 | €24,299 | -€13,245 | -35.3% |
| Profit (loss) carried forward | 14 | €24,248 | -€9,214 | -€33,462 | |
| Amounts payable | 17/49 | €10,917 | €27,991 | +€17,075 | +156% |
| Amounts payable within one year | 42/48 | €10,917 | €27,991 | +€17,075 | +156% |
| Trade debts | 44 | €4,241 | - | -€4,241 | |
| Suppliers | 440/4 | €4,241 | - | -€4,241 | |
| Other amounts payable | 47/48 | €6,675 | €27,991 | +€21,316 | +319% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,640 | €4,079 | +€438 | +12.0% |
| Other operating charges | 640/8 | €852 | €1,236 | +€384 | +45.1% |
| Gross operating margin | 9900 | €41,144 | -€4,641 | -€45,785 | |
| Operating profit (loss) | 9901 | €36,652 | -€9,956 | -€46,607 | |
| Financial income | 75/76B | €226 | €39 | -€188 | -82.9% |
| Recurring financial income | 75 | €226 | €39 | -€188 | -82.9% |
| Financial charges | 65/66B | €155 | €72 | -€82 | -53.2% |
| Recurring financial charges | 65 | €155 | €72 | -€82 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €36,724 | -€9,989 | -€46,713 | |
| Income taxes | 67/77 | €12,476 | -€775 | -€13,251 | |
| Profit (loss) for the period | 9904 | €24,248 | -€9,214 | -€33,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,248 | -€9,214 | -€33,462 |
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 16 October 2026 via checked.be.