AD WOOD CONCEPT: what changed
AD WOOD CONCEPT
Largest movements
- Stocks and contracts +€18,025
new in 2025: €18,025
- Receivables within one year -€16,249
down €16,249 (-21.6%), from €75,091 to €58,842
of which Trade receivables: -€11,970
- Cash +€10,487
up €10,487 (+128%), from €8,216 to €18,703
mainly Net result for the year (+€17,324) and Receivables within one year (+€16,249)
- Tangible fixed assets -€1,081
down €1,081 (-31.2%), from €3,460 to €2,380
of which Furniture and vehicles: -€1,135
- Trade debts -€27,437
down €27,437 (-47.8%), from €57,447 to €30,010
- Profit (loss) carried forward +€17,926
up €17,926, from -€17,926 to €0
- Reserves +€9,924
up €9,924 (+51.3%), from €19,347 to €29,270
- Tax, wage and social debts +€6,324
up €6,324 (+23.1%), from €27,399 to €33,724
of which Taxes: +€11,324
- Other debts +€5,126
new in 2025: €5,126
- Gross operating margin +€39,830
up €39,830, from -€14,926 to €24,904
- Taxes +€2,159
up €2,159 (+270%), from €800 to €2,959
- Other operating charges +€1,160
up €1,160 (+216%), from €536 to €1,696
- Depreciation -€741
down €741 (-56.0%), from €1,323 to €582
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 | €86,768 | €98,630 | +€11,863 | +13.7% |
| Fixed assets | 21/28 | €3,460 | €2,380 | -€1,081 | -31.2% |
| Tangible fixed assets | 22/27 | €3,460 | €2,380 | -€1,081 | -31.2% |
| Plant, machinery and equipment | 23 | €1,857 | €1,911 | +€54 | +2.9% |
| Furniture and vehicles | 24 | €1,603 | €469 | -€1,135 | -70.8% |
| Current assets | 29/58 | €83,307 | €96,250 | +€12,943 | +15.5% |
| Stocks and contracts in progress | 3 | - | €18,025 | +€18,025 | |
| Stocks | 30/36 | - | €18,025 | +€18,025 | |
| Amounts receivable within one year | 40/41 | €75,091 | €58,842 | -€16,249 | -21.6% |
| Trade receivables | 40 | €69,663 | €57,693 | -€11,970 | -17.2% |
| Other amounts receivable | 41 | €5,428 | €1,149 | -€4,279 | -78.8% |
| Cash at bank and in hand | 54/58 | €8,216 | €18,703 | +€10,487 | +128% |
| Deferred charges and accrued income | 490/1 | €0 | €680 | +€680 | |
| Total equity and liabilities | 10/49 | €86,768 | €98,630 | +€11,863 | +13.7% |
| Equity | 10/15 | €1,921 | €29,770 | +€27,849 | +1,450% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €19,347 | €29,270 | +€9,924 | +51.3% |
| Distributable reserves | 133 | €19,347 | €29,270 | +€9,924 | +51.3% |
| Profit (loss) carried forward | 14 | -€17,926 | €0 | +€17,926 | |
| Amounts payable | 17/49 | €84,847 | €68,860 | -€15,987 | -18.8% |
| Amounts payable within one year | 42/48 | €84,847 | €68,860 | -€15,987 | -18.8% |
| Trade debts | 44 | €57,447 | €30,010 | -€27,437 | -47.8% |
| Suppliers | 440/4 | €57,447 | €30,010 | -€27,437 | -47.8% |
| Taxes, remuneration and social security | 45 | €27,399 | €33,724 | +€6,324 | +23.1% |
| Taxes | 450/3 | €9,487 | €20,811 | +€11,324 | +119% |
| Remuneration and social security | 454/9 | €17,912 | €12,912 | -€5,000 | -27.9% |
| Other amounts payable | 47/48 | - | €5,126 | +€5,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,323 | €582 | -€741 | -56.0% |
| Other operating charges | 640/8 | €536 | €1,696 | +€1,160 | +216% |
| Non-recurring operating charges | 66A | - | €1,950 | +€1,950 | |
| Gross operating margin | 9900 | -€14,926 | €24,904 | +€39,830 | |
| Operating profit (loss) | 9901 | -€16,785 | €20,677 | +€37,462 | |
| Financial income | 75/76B | €3 | €6 | +€3 | +92.0% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +92.0% |
| Financial charges | 65/66B | €344 | €400 | +€55 | +16.1% |
| Recurring financial charges | 65 | €344 | €400 | +€55 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,126 | €20,283 | +€37,409 | |
| Income taxes | 67/77 | €800 | €2,959 | +€2,159 | +270% |
| Profit (loss) for the period | 9904 | -€17,926 | €17,324 | +€35,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,926 | €17,324 | +€35,250 |
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.