TOMMY TIMMERWERKEN: 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.
TOMMY TIMMERWERKEN
Largest movements
- Receivables within one year -€57,555
down €57,555 (-63.0%), from €91,312 to €33,757
of which Trade receivables: -€57,783
- Tangible fixed assets +€21,050
up €21,050 (+47.2%), from €44,639 to €65,689
of which Leasing and similar rights: +€31,027
- Stocks and contracts +€10,124
up €10,124 (+208%), from €4,864 to €14,988
- Cash -€7,402
down €7,402 (-100%), from €7,402 to €0
mainly Investment in fixed assets (net) (-€52,454) and Trade debts (-€29,261)
- Trade debts -€29,261
down €29,261 (-79.6%), from €36,743 to €7,483
- Accrued charges and deferred income -€25,188
down €25,188 (-98.2%), from €25,643 to €455
- Debts after one year +€17,223
up €17,223 (+230%), from €7,477 to €24,700
- Short-term financial debts +€2,228
new in 2025: €2,228
- Depreciation +€8,322
up €8,322 (+35.7%), from €23,283 to €31,605
- Staff costs +€6,539
up €6,539 (+5.6%), from €116,473 to €123,012
- Taxes -€5,048
down €5,048 (-70.0%), from €7,215 to €2,166
- Gross operating margin +€2,965
up €2,965 (+1.8%), from €160,546 to €163,511
- Financial charges +€2,867
up €2,867 (+143%), from €2,006 to €4,873
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 | €150,586 | €116,437 | -€34,150 | -22.7% |
| Fixed assets | 21/28 | €44,889 | €65,738 | +€20,850 | +46.4% |
| Intangible fixed assets | 21 | €250 | €50 | -€200 | -80.0% |
| Tangible fixed assets | 22/27 | €44,639 | €65,689 | +€21,050 | +47.2% |
| Plant, machinery and equipment | 23 | €15,599 | €8,399 | -€7,200 | -46.2% |
| Furniture and vehicles | 24 | €29,040 | €14,552 | -€14,488 | -49.9% |
| Leasing and similar rights | 25 | - | €31,027 | +€31,027 | |
| Other tangible fixed assets | 26 | - | €11,710 | +€11,710 | |
| Current assets | 29/58 | €105,698 | €50,698 | -€54,999 | -52.0% |
| Stocks and contracts in progress | 3 | €4,864 | €14,988 | +€10,124 | +208% |
| Stocks | 30/36 | €4,864 | €14,988 | +€10,124 | +208% |
| Amounts receivable within one year | 40/41 | €91,312 | €33,757 | -€57,555 | -63.0% |
| Trade receivables | 40 | €59,412 | €1,629 | -€57,783 | -97.3% |
| Other amounts receivable | 41 | €31,899 | €32,128 | +€229 | +0.7% |
| Cash at bank and in hand | 54/58 | €7,402 | €0 | -€7,402 | -100% |
| Deferred charges and accrued income | 490/1 | €2,119 | €1,953 | -€166 | -7.8% |
| Total equity and liabilities | 10/49 | €150,586 | €116,437 | -€34,150 | -22.7% |
| Equity | 10/15 | €44,368 | €45,195 | +€827 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,100 | €40,100 | +€1,000 | +2.6% |
| Distributable reserves | 133 | €39,100 | €40,100 | +€1,000 | +2.6% |
| Profit (loss) carried forward | 14 | €268 | €95 | -€173 | -64.6% |
| Amounts payable | 17/49 | €106,219 | €71,242 | -€34,977 | -32.9% |
| Amounts payable after more than one year | 17 | €7,477 | €24,700 | +€17,223 | +230% |
| Financial debts | 170/4 | €7,477 | €24,700 | +€17,223 | +230% |
| Amounts payable within one year | 42/48 | €73,099 | €46,088 | -€27,011 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €13,702 | €14,358 | +€656 | +4.8% |
| Financial debts | 43 | - | €2,228 | +€2,228 | |
| Credit institutions | 430/8 | - | €2,228 | +€2,228 | |
| Trade debts | 44 | €36,743 | €7,483 | -€29,261 | -79.6% |
| Suppliers | 440/4 | €36,743 | €7,483 | -€29,261 | -79.6% |
| Taxes, remuneration and social security | 45 | €22,654 | €22,019 | -€635 | -2.8% |
| Taxes | 450/3 | €10,873 | €6,759 | -€4,114 | -37.8% |
| Remuneration and social security | 454/9 | €11,780 | €15,260 | +€3,480 | +29.5% |
| Accrued charges and deferred income | 492/3 | €25,643 | €455 | -€25,188 | -98.2% |
| Remuneration, social security and pensions | 62 | €116,473 | €123,012 | +€6,539 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,283 | €31,605 | +€8,322 | +35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€663 | €0 | +€663 | |
| Other operating charges | 640/8 | €2,527 | €3,428 | +€902 | +35.7% |
| Gross operating margin | 9900 | €160,546 | €163,511 | +€2,965 | +1.8% |
| Operating profit (loss) | 9901 | €18,926 | €5,467 | -€13,459 | -71.1% |
| Financial income | 75/76B | €2,244 | €2,400 | +€156 | +6.9% |
| Recurring financial income | 75 | €2,244 | €2,400 | +€156 | +6.9% |
| Financial charges | 65/66B | €2,006 | €4,873 | +€2,867 | +143% |
| Recurring financial charges | 65 | €2,006 | €4,873 | +€2,867 | +143% |
| Profit (loss) for the period before taxes | 9903 | €19,164 | €2,993 | -€16,170 | -84.4% |
| Income taxes | 67/77 | €7,215 | €2,166 | -€5,048 | -70.0% |
| Profit (loss) for the period | 9904 | €11,949 | €827 | -€11,122 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,949 | €827 | -€11,122 | -93.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.