TIMMERWERKEN NICK: 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 NICK
Largest movements
- Receivables within one year +€11,224
up €11,224 (+44.9%), from €25,012 to €36,235
of which Other amounts receivable: +€18,472
- Cash -€8,624
down €8,624 (-25.1%), from €34,346 to €25,722
mainly Contributions, distributions and other (-€54,275) and Investment in fixed assets (net) (-€25,848)
- Tangible fixed assets +€3,832
up €3,832 (+5.0%), from €76,536 to €80,368
of which Plant, machinery and equipment: +€17,117
- Other debts +€63,289
new in 2025: €63,289
- Reserves -€35,970
down €35,970 (-42.5%), from €84,612 to €48,643
- Tax, wage and social debts -€14,679
down €14,679 (-75.4%), from €19,477 to €4,799
- Trade debts -€8,536
down €8,536 (-43.0%), from €19,839 to €11,303
- Debts after one year +€3,032
up €3,032 (+9.5%), from €31,815 to €34,846
- Gross operating margin +€8,958
up €8,958 (+19.8%), from €45,326 to €54,283
- Depreciation +€8,082
up €8,082 (+58.0%), from €13,934 to €22,016
- Financial charges +€2,977
up €2,977 (+83.8%), from €3,552 to €6,529
- Other operating charges -€919
down €919 (-45.0%), from €2,044 to €1,125
- Taxes -€890
down €890 (-11.0%), from €8,129 to €7,239
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 | €175,823 | €180,897 | +€5,073 | +2.9% |
| Fixed assets | 21/28 | €76,536 | €80,368 | +€3,832 | +5.0% |
| Tangible fixed assets | 22/27 | €76,536 | €80,368 | +€3,832 | +5.0% |
| Plant, machinery and equipment | 23 | €6,879 | €23,996 | +€17,117 | +249% |
| Furniture and vehicles | 24 | €69,657 | €56,372 | -€13,285 | -19.1% |
| Current assets | 29/58 | €99,288 | €100,529 | +€1,241 | +1.3% |
| Amounts receivable after more than one year | 29 | €35,973 | €35,899 | -€74 | -0.2% |
| Other amounts receivable | 291 | €35,973 | €35,899 | -€74 | -0.2% |
| Amounts receivable within one year | 40/41 | €25,012 | €36,235 | +€11,224 | +44.9% |
| Trade receivables | 40 | €15,680 | €8,432 | -€7,248 | -46.2% |
| Other amounts receivable | 41 | €9,332 | €27,804 | +€18,472 | +198% |
| Cash at bank and in hand | 54/58 | €34,346 | €25,722 | -€8,624 | -25.1% |
| Deferred charges and accrued income | 490/1 | €3,957 | €2,672 | -€1,285 | -32.5% |
| Total equity and liabilities | 10/49 | €175,823 | €180,897 | +€5,073 | +2.9% |
| Equity | 10/15 | €89,612 | €53,643 | -€35,970 | -40.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,612 | €48,643 | -€35,970 | -42.5% |
| Distributable reserves | 133 | €84,612 | €48,643 | -€35,970 | -42.5% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €86,211 | €127,254 | +€41,043 | +47.6% |
| Amounts payable after more than one year | 17 | €31,815 | €34,846 | +€3,032 | +9.5% |
| Financial debts | 170/4 | €31,815 | €34,846 | +€3,032 | +9.5% |
| Amounts payable within one year | 42/48 | €53,114 | €92,359 | +€39,245 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €13,798 | €12,968 | -€830 | -6.0% |
| Trade debts | 44 | €19,839 | €11,303 | -€8,536 | -43.0% |
| Suppliers | 440/4 | €19,839 | €11,303 | -€8,536 | -43.0% |
| Taxes, remuneration and social security | 45 | €19,477 | €4,799 | -€14,679 | -75.4% |
| Taxes | 450/3 | €19,477 | €4,799 | -€14,679 | -75.4% |
| Other amounts payable | 47/48 | - | €63,289 | +€63,289 | |
| Accrued charges and deferred income | 492/3 | €1,283 | €49 | -€1,234 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,934 | €22,016 | +€8,082 | +58.0% |
| Other operating charges | 640/8 | €2,044 | €1,125 | -€919 | -45.0% |
| Gross operating margin | 9900 | €45,326 | €54,283 | +€8,958 | +19.8% |
| Operating profit (loss) | 9901 | €29,347 | €31,143 | +€1,795 | +6.1% |
| Financial income | 75/76B | €883 | €931 | +€48 | +5.4% |
| Recurring financial income | 75 | €883 | €931 | +€48 | +5.4% |
| Financial charges | 65/66B | €3,552 | €6,529 | +€2,977 | +83.8% |
| Recurring financial charges | 65 | €3,552 | €6,529 | +€2,977 | +83.8% |
| Profit (loss) for the period before taxes | 9903 | €26,678 | €25,545 | -€1,134 | -4.2% |
| Income taxes | 67/77 | €8,129 | €7,239 | -€890 | -11.0% |
| Profit (loss) for the period | 9904 | €18,549 | €18,306 | -€243 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,549 | €18,306 | -€243 | -1.3% |
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 26 October 2026 via checked.be.