TIMMERWERKEN JORIS: 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.
TIMMERWERKEN JORIS
Largest movements
- Current investments -€400,000
down €400,000 (-47.1%), from €849,238 to €449,238
- Receivables within one year +€262,190
up €262,190 (+34.0%), from €771,983 to €1.0m
of which Trade receivables: +€222,386
- Tangible fixed assets -€72,213
down €72,213 (-50.6%), from €142,726 to €70,513
- Deferred charges and accrued income +€28,455
up €28,455 (+222%), from €12,828 to €41,283
- Reserves -€228,690
down €228,690 (-11.9%), from €1.9m to €1.7m
- Other debts +€163,974
up €163,974 (+102%), from €161,306 to €325,280
- Debts after one year -€100,000
down €100,000 (-85.7%), from €116,666 to €16,666
- Trade debts -€69,263
down €69,263 (-26.1%), from €265,649 to €196,386
- Tax, wage and social debts +€29,053
up €29,053 (+14.0%), from €206,802 to €235,855
of which Taxes: +€27,494
- Gross operating margin +€161,162
up €161,162 (+19.3%), from €836,267 to €997,429
- Financial income -€49,229
down €49,229 (-37.7%), from €130,521 to €81,292
- Taxes +€27,522
up €27,522 (+14.8%), from €186,021 to €213,543
- Staff costs +€21,429
up €21,429 (+6.6%), from €325,989 to €347,418
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 | €2,809,894 | €2,604,968 | -€204,926 | -7.3% |
| Fixed assets | 21/28 | €143,126 | €70,913 | -€72,213 | -50.5% |
| Tangible fixed assets | 22/27 | €142,726 | €70,513 | -€72,213 | -50.6% |
| Land and buildings | 22 | €23,438 | €1,296 | -€22,142 | -94.5% |
| Plant, machinery and equipment | 23 | €66,423 | €40,693 | -€25,730 | -38.7% |
| Furniture and vehicles | 24 | €49,200 | €25,420 | -€23,780 | -48.3% |
| Other tangible fixed assets | 26 | €3,665 | €3,104 | -€561 | -15.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €2,666,768 | €2,534,055 | -€132,713 | -5.0% |
| Amounts receivable after more than one year | 29 | €650,000 | €650,000 | = | 0.0% |
| Other amounts receivable | 291 | €650,000 | €650,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,363 | €6,363 | = | 0.0% |
| Stocks | 30/36 | €6,363 | €6,363 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €771,983 | €1,034,173 | +€262,190 | +34.0% |
| Trade receivables | 40 | €208,353 | €430,739 | +€222,386 | +107% |
| Other amounts receivable | 41 | €563,630 | €603,434 | +€39,804 | +7.1% |
| Current investments | 50/53 | €849,238 | €449,238 | -€400,000 | -47.1% |
| Cash at bank and in hand | 54/58 | €376,356 | €352,998 | -€23,358 | -6.2% |
| Deferred charges and accrued income | 490/1 | €12,828 | €41,283 | +€28,455 | +222% |
| Total equity and liabilities | 10/49 | €2,809,894 | €2,604,968 | -€204,926 | -7.3% |
| Equity | 10/15 | €1,929,471 | €1,700,781 | -€228,690 | -11.9% |
| Reserves | 13 | €1,929,471 | €1,700,781 | -€228,690 | -11.9% |
| Distributable reserves | 133 | €1,929,471 | €1,700,781 | -€228,690 | -11.9% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €850,423 | €874,187 | +€23,764 | +2.8% |
| Amounts payable after more than one year | 17 | €116,666 | €16,666 | -€100,000 | -85.7% |
| Financial debts | 170/4 | €116,666 | €16,666 | -€100,000 | -85.7% |
| Amounts payable within one year | 42/48 | €733,757 | €857,521 | +€123,764 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €265,649 | €196,386 | -€69,263 | -26.1% |
| Suppliers | 440/4 | €265,649 | €196,386 | -€69,263 | -26.1% |
| Taxes, remuneration and social security | 45 | €206,802 | €235,855 | +€29,053 | +14.0% |
| Taxes | 450/3 | €187,091 | €214,585 | +€27,494 | +14.7% |
| Remuneration and social security | 454/9 | €19,711 | €21,270 | +€1,559 | +7.9% |
| Other amounts payable | 47/48 | €161,306 | €325,280 | +€163,974 | +102% |
| Remuneration, social security and pensions | 62 | €325,989 | €347,418 | +€21,429 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,412 | €50,374 | -€6,038 | -10.7% |
| Other operating charges | 640/8 | €2,649 | €2,412 | -€237 | -8.9% |
| Non-recurring operating charges | 66A | - | €1,213 | +€1,213 | |
| Gross operating margin | 9900 | €836,267 | €997,429 | +€161,162 | +19.3% |
| Operating profit (loss) | 9901 | €451,217 | €596,012 | +€144,795 | +32.1% |
| Financial income | 75/76B | €130,521 | €81,292 | -€49,229 | -37.7% |
| Recurring financial income | 75 | €130,521 | €81,292 | -€49,229 | -37.7% |
| Financial charges | 65/66B | €2,973 | €3,078 | +€105 | +3.5% |
| Recurring financial charges | 65 | €2,973 | €3,078 | +€105 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €578,765 | €674,226 | +€95,461 | +16.5% |
| Income taxes | 67/77 | €186,021 | €213,543 | +€27,522 | +14.8% |
| Profit (loss) for the period | 9904 | €392,744 | €460,683 | +€67,939 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €392,744 | €460,683 | +€67,939 | +17.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.