TIMBRIAN EUROPE: what changed
TIMBRIAN EUROPE
Largest movements
- Cash +€177,834
up €177,834 (+1,401%), from €12,697 to €190,532
mainly Receivables within one year (+€176,933) and Trade debts (+€43,131)
- Receivables within one year -€176,933
down €176,933 (-25.6%), from €689,855 to €512,921
of which Trade receivables: -€167,371
- Tangible fixed assets -€51,845
down €51,845 (-28.7%), from €180,357 to €128,513
of which Furniture and vehicles: -€41,142
- Stocks and contracts -€20,633
down €20,633 (-100%), from €20,633 to €0
- Reserves -€52,754
down €52,754 (-12.6%), from €419,932 to €367,178
of which Distributable reserves: -€52,754
- Other debts -€52,080
down €52,080 (-100%), from €52,080 to €0
- Trade debts +€43,131
up €43,131 (+14.4%), from €299,539 to €342,670
- Debts after one year -€15,203
down €15,203 (-41.7%), from €36,431 to €21,228
- Gross operating margin -€120,060
down €120,060 (-42.1%), from €285,217 to €165,157
- Taxes -€19,902
down €19,902 (-100%), from €19,902 to €0
- Financial charges +€10,698
up €10,698 (+12.8%), from €83,490 to €94,188
- Depreciation -€7,940
down €7,940 (-40.3%), from €19,717 to €11,777
- Financial income -€4,813
down €4,813 (-10.6%), from €45,293 to €40,479
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,896 | €841,583 | -€66,313 | -7.3% |
| Fixed assets | 21/28 | €180,552 | €136,700 | -€43,852 | -24.3% |
| Intangible fixed assets | 21 | €195 | €8,188 | +€7,993 | +4,105% |
| Tangible fixed assets | 22/27 | €180,357 | €128,513 | -€51,845 | -28.7% |
| Land and buildings | 22 | €134,711 | €124,193 | -€10,518 | -7.8% |
| Plant, machinery and equipment | 23 | €1,755 | €1,570 | -€185 | -10.6% |
| Furniture and vehicles | 24 | €43,892 | €2,750 | -€41,142 | -93.7% |
| Current assets | 29/58 | €727,344 | €704,883 | -€22,461 | -3.1% |
| Stocks and contracts in progress | 3 | €20,633 | €0 | -€20,633 | -100% |
| Stocks | 30/36 | €20,633 | €0 | -€20,633 | -100% |
| Amounts receivable within one year | 40/41 | €689,855 | €512,921 | -€176,933 | -25.6% |
| Trade receivables | 40 | €661,145 | €493,774 | -€167,371 | -25.3% |
| Other amounts receivable | 41 | €28,710 | €19,148 | -€9,562 | -33.3% |
| Cash at bank and in hand | 54/58 | €12,697 | €190,532 | +€177,834 | +1,401% |
| Deferred charges and accrued income | 490/1 | €4,159 | €1,430 | -€2,729 | -65.6% |
| Total equity and liabilities | 10/49 | €907,896 | €841,583 | -€66,313 | -7.3% |
| Equity | 10/15 | €489,932 | €437,178 | -€52,754 | -10.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €419,932 | €367,178 | -€52,754 | -12.6% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €412,932 | €360,178 | -€52,754 | -12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €417,964 | €404,405 | -€13,559 | -3.2% |
| Amounts payable after more than one year | 17 | €36,431 | €21,228 | -€15,203 | -41.7% |
| Financial debts | 170/4 | €36,431 | €21,228 | -€15,203 | -41.7% |
| Amounts payable within one year | 42/48 | €381,533 | €375,375 | -€6,157 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €14,615 | €15,203 | +€589 | +4.0% |
| Trade debts | 44 | €299,539 | €342,670 | +€43,131 | +14.4% |
| Suppliers | 440/4 | €299,539 | €342,670 | +€43,131 | +14.4% |
| Taxes, remuneration and social security | 45 | €15,299 | €17,502 | +€2,203 | +14.4% |
| Taxes | 450/3 | €120 | €0 | -€120 | -100% |
| Remuneration and social security | 454/9 | €15,179 | €17,502 | +€2,324 | +15.3% |
| Other amounts payable | 47/48 | €52,080 | €0 | -€52,080 | -100% |
| Accrued charges and deferred income | 492/3 | - | €7,802 | +€7,802 | |
| Non-recurring operating income | 76A | €756 | €7,704 | +€6,948 | +919% |
| Remuneration, social security and pensions | 62 | €154,576 | €150,856 | -€3,721 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,717 | €11,777 | -€7,940 | -40.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €745 | €1,570 | +€825 | +111% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €285,217 | €165,157 | -€120,060 | -42.1% |
| Operating profit (loss) | 9901 | €110,178 | €954 | -€109,224 | -99.1% |
| Financial income | 75/76B | €45,293 | €40,479 | -€4,813 | -10.6% |
| Recurring financial income | 75 | €45,293 | €40,479 | -€4,813 | -10.6% |
| Financial charges | 65/66B | €83,490 | €94,188 | +€10,698 | +12.8% |
| Recurring financial charges | 65 | €83,490 | €94,188 | +€10,698 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €71,981 | -€52,754 | -€124,735 | |
| Income taxes | 67/77 | €19,902 | €0 | -€19,902 | -100% |
| Profit (loss) for the period | 9904 | €52,080 | -€52,754 | -€104,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,080 | -€52,754 | -€104,834 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.