TIMMERWERK: 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.
TIMMERWERK
Largest movements
- Receivables within one year -€41,759
down €41,759 (-54.3%), from €76,946 to €35,187
of which Trade receivables: -€22,508
- Cash +€12,635
up €12,635 (+44.7%), from €28,288 to €40,923
mainly Receivables within one year (+€41,759) and Stocks and contracts (+€7,000)
- Stocks and contracts -€7,000
no longer reported in 2025 (was €7,000)
- Tangible fixed assets -€6,477
down €6,477 (-66.4%), from €9,761 to €3,284
of which Furniture and vehicles: -€5,917
- Other debts -€38,693
down €38,693 (-51.2%), from €75,640 to €36,947
- Profit (loss) carried forward +€5,307
up €5,307 (+31.9%), from -€16,621 to -€11,315
- Tax, wage and social debts -€4,092
no longer reported in 2025 (was €4,092)
- Debts after one year -€2,913
no longer reported in 2025 (was €2,913)
- Trade debts -€2,209
down €2,209 (-28.6%), from €7,712 to €5,502
- Gross operating margin -€30,663
down €30,663 (-24.9%), from €123,058 to €92,395
- Staff costs -€19,414
down €19,414 (-19.5%), from €99,424 to €80,009
- Taxes -€15,730
no longer reported in 2025 (was €15,730)
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 | €121,995 | €79,394 | -€42,601 | -34.9% |
| Fixed assets | 21/28 | €9,761 | €3,284 | -€6,477 | -66.4% |
| Tangible fixed assets | 22/27 | €9,761 | €3,284 | -€6,477 | -66.4% |
| Plant, machinery and equipment | 23 | €560 | - | -€560 | |
| Furniture and vehicles | 24 | €9,201 | €3,284 | -€5,917 | -64.3% |
| Current assets | 29/58 | €112,234 | €76,110 | -€36,124 | -32.2% |
| Stocks and contracts in progress | 3 | €7,000 | - | -€7,000 | |
| Contracts in progress | 37 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €76,946 | €35,187 | -€41,759 | -54.3% |
| Trade receivables | 40 | €43,818 | €21,310 | -€22,508 | -51.4% |
| Other amounts receivable | 41 | €33,128 | €13,877 | -€19,251 | -58.1% |
| Cash at bank and in hand | 54/58 | €28,288 | €40,923 | +€12,635 | +44.7% |
| Total equity and liabilities | 10/49 | €121,995 | €79,394 | -€42,601 | -34.9% |
| Equity | 10/15 | €31,637 | €36,944 | +€5,307 | +16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,667 | €29,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,126 | €1,126 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,126 | €1,126 | = | 0.0% |
| Distributable reserves | 133 | €28,541 | €28,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,621 | -€11,315 | +€5,307 | +31.9% |
| Amounts payable | 17/49 | €90,358 | €42,450 | -€47,908 | -53.0% |
| Amounts payable after more than one year | 17 | €2,913 | - | -€2,913 | |
| Financial debts | 170/4 | €2,913 | - | -€2,913 | |
| Amounts payable within one year | 42/48 | €87,445 | €42,450 | -€44,995 | -51.5% |
| Trade debts | 44 | €7,712 | €5,502 | -€2,209 | -28.6% |
| Suppliers | 440/4 | €7,712 | €5,502 | -€2,209 | -28.6% |
| Taxes, remuneration and social security | 45 | €4,092 | - | -€4,092 | |
| Remuneration and social security | 454/9 | €4,092 | - | -€4,092 | |
| Other amounts payable | 47/48 | €75,640 | €36,947 | -€38,693 | -51.2% |
| Non-recurring operating income | 76A | €3,513 | €750 | -€2,763 | -78.7% |
| Remuneration, social security and pensions | 62 | €99,424 | €80,009 | -€19,414 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,044 | €6,477 | -€567 | -8.1% |
| Gross operating margin | 9900 | €123,058 | €92,395 | -€30,663 | -24.9% |
| Operating profit (loss) | 9901 | €16,591 | €5,909 | -€10,682 | -64.4% |
| Financial charges | 65/66B | €363 | €602 | +€239 | +65.9% |
| Recurring financial charges | 65 | €363 | €602 | +€239 | +65.9% |
| Profit (loss) for the period before taxes | 9903 | €16,228 | €5,307 | -€10,921 | -67.3% |
| Income taxes | 67/77 | €15,730 | - | -€15,730 | |
| Profit (loss) for the period | 9904 | €497 | €5,307 | +€4,809 | +967% |
| Profit (loss) for the period to be appropriated | 9905 | €497 | €5,307 | +€4,809 | +967% |
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 23 October 2026 via checked.be.