BE-WOOD: 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.
BE-WOOD
Largest movements
- Cash +€23,770
up €23,770 (+29.8%), from €79,712 to €103,482
mainly Advances received (+€65,928) and Depreciation (+€48,134)
- Tangible fixed assets +€9,302
up €9,302 (+6.4%), from €145,370 to €154,672
of which Furniture and vehicles: +€18,144
- Deferred charges and accrued income +€3,447
up €3,447 (+48.8%), from €7,063 to €10,510
- Advances received +€65,928
new in 2025: €65,928
- Accrued charges and deferred income -€51,628
down €51,628 (-64.3%), from €80,299 to €28,671
- Profit (loss) carried forward +€25,174
up €25,174 (+85.0%), from €29,600 to €54,774
- Tax, wage and social debts -€9,291
down €9,291 (-37.2%), from €24,982 to €15,691
of which Remuneration and social security: -€7,054
- Current portion of long-term debt +€9,055
up €9,055 (+46.6%), from €19,442 to €28,497
- Gross operating margin -€23,663
down €23,663 (-8.3%), from €283,440 to €259,777
- Staff costs -€13,951
down €13,951 (-7.6%), from €184,429 to €170,478
- Depreciation +€7,086
up €7,086 (+17.3%), from €41,048 to €48,134
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 | €273,850 | €309,526 | +€35,676 | +13.0% |
| Fixed assets | 21/28 | €145,370 | €154,672 | +€9,302 | +6.4% |
| Tangible fixed assets | 22/27 | €145,370 | €154,672 | +€9,302 | +6.4% |
| Furniture and vehicles | 24 | €91,580 | €109,724 | +€18,144 | +19.8% |
| Other tangible fixed assets | 26 | €53,790 | €44,948 | -€8,842 | -16.4% |
| Current assets | 29/58 | €128,480 | €154,854 | +€26,374 | +20.5% |
| Stocks and contracts in progress | 3 | €6,508 | €8,704 | +€2,196 | +33.7% |
| Stocks | 30/36 | €6,508 | €8,704 | +€2,196 | +33.7% |
| Amounts receivable within one year | 40/41 | €35,197 | €32,158 | -€3,039 | -8.6% |
| Trade receivables | 40 | €35,197 | €21,112 | -€14,085 | -40.0% |
| Other amounts receivable | 41 | - | €11,046 | +€11,046 | |
| Cash at bank and in hand | 54/58 | €79,712 | €103,482 | +€23,770 | +29.8% |
| Deferred charges and accrued income | 490/1 | €7,063 | €10,510 | +€3,447 | +48.8% |
| Total equity and liabilities | 10/49 | €273,850 | €309,526 | +€35,676 | +13.0% |
| Equity | 10/15 | €37,660 | €62,834 | +€25,174 | +66.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,600 | €54,774 | +€25,174 | +85.0% |
| Amounts payable | 17/49 | €236,190 | €246,692 | +€10,502 | +4.4% |
| Amounts payable after more than one year | 17 | €77,902 | €82,055 | +€4,153 | +5.3% |
| Financial debts | 170/4 | €77,902 | €82,055 | +€4,153 | +5.3% |
| Amounts payable within one year | 42/48 | €77,989 | €135,966 | +€57,977 | +74.3% |
| Current portion of amounts payable after more than one year | 42 | €19,442 | €28,497 | +€9,055 | +46.6% |
| Trade debts | 44 | €2,800 | €1,933 | -€867 | -31.0% |
| Suppliers | 440/4 | €2,800 | €1,933 | -€867 | -31.0% |
| Advances received on contracts in progress | 46 | - | €65,928 | +€65,928 | |
| Taxes, remuneration and social security | 45 | €24,982 | €15,691 | -€9,291 | -37.2% |
| Taxes | 450/3 | €7,873 | €5,636 | -€2,237 | -28.4% |
| Remuneration and social security | 454/9 | €17,109 | €10,055 | -€7,054 | -41.2% |
| Other amounts payable | 47/48 | €30,765 | €23,917 | -€6,848 | -22.3% |
| Accrued charges and deferred income | 492/3 | €80,299 | €28,671 | -€51,628 | -64.3% |
| Remuneration, social security and pensions | 62 | €184,429 | €170,478 | -€13,951 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,048 | €48,134 | +€7,086 | +17.3% |
| Other operating charges | 640/8 | €3,621 | €3,852 | +€231 | +6.4% |
| Gross operating margin | 9900 | €283,440 | €259,777 | -€23,663 | -8.3% |
| Operating profit (loss) | 9901 | €54,342 | €37,313 | -€17,029 | -31.3% |
| Financial income | 75/76B | €384 | €537 | +€153 | +39.8% |
| Recurring financial income | 75 | €384 | €537 | +€153 | +39.8% |
| Financial charges | 65/66B | €3,997 | €4,101 | +€104 | +2.6% |
| Recurring financial charges | 65 | €3,997 | €4,101 | +€104 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €50,729 | €33,749 | -€16,980 | -33.5% |
| Income taxes | 67/77 | €10,025 | €8,575 | -€1,450 | -14.5% |
| Profit (loss) for the period | 9904 | €40,704 | €25,174 | -€15,530 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,704 | €25,174 | -€15,530 | -38.2% |
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 1 November 2026 via checked.be.