BEAR 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.
BEAR WOOD
Largest movements
- Receivables within one year +€49,049
up €49,049 (+333%), from €14,711 to €63,761
of which Trade receivables: +€52,289
- Stocks and contracts -€34,142
down €34,142 (-30.8%), from €110,890 to €76,748
- Tangible fixed assets -€20,090
down €20,090 (-34.1%), from €58,876 to €38,786
of which Furniture and vehicles: -€16,665
- Cash -€17,837
down €17,837 (-87.8%), from €20,316 to €2,479
mainly Receivables within one year (-€49,049) and Net result for the year (-€42,405)
- Trade debts +€57,692
up €57,692 (+100%), from €57,440 to €115,132
- Profit (loss) carried forward -€42,405
down €42,405 (-42.0%), from -€100,852 to -€143,257
- Debts after one year -€35,028
down €35,028 (-29.5%), from €118,805 to €83,777
- Advances received -€26,129
no longer reported in 2024 (was €26,129)
- Other debts +€21,363
up €21,363 (+51,701%), from €41 to €21,404
- Gross operating margin +€61,284
up €61,284 (+82.9%), from -€73,936 to -€12,651
- Financial charges +€3,776
up €3,776 (+145%), from €2,602 to €6,377
- Depreciation -€3,020
down €3,020 (-13.1%), from €23,111 to €20,090
- Financial income -€2,258
down €2,258 (-50.9%), from €4,435 to €2,177
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,509 | €187,277 | -€23,232 | -11.0% |
| Fixed assets | 21/28 | €64,351 | €44,289 | -€20,062 | -31.2% |
| Tangible fixed assets | 22/27 | €58,876 | €38,786 | -€20,090 | -34.1% |
| Plant, machinery and equipment | 23 | €5,037 | €2,225 | -€2,812 | -55.8% |
| Furniture and vehicles | 24 | €51,032 | €34,367 | -€16,665 | -32.7% |
| Other tangible fixed assets | 26 | €2,807 | €2,194 | -€612 | -21.8% |
| Financial fixed assets | 28 | €5,475 | €5,503 | +€28 | +0.5% |
| Current assets | 29/58 | €146,158 | €142,988 | -€3,170 | -2.2% |
| Stocks and contracts in progress | 3 | €110,890 | €76,748 | -€34,142 | -30.8% |
| Stocks | 30/36 | €110,890 | €76,748 | -€34,142 | -30.8% |
| Amounts receivable within one year | 40/41 | €14,711 | €63,761 | +€49,049 | +333% |
| Trade receivables | 40 | €8,687 | €60,976 | +€52,289 | +602% |
| Other amounts receivable | 41 | €6,024 | €2,785 | -€3,240 | -53.8% |
| Cash at bank and in hand | 54/58 | €20,316 | €2,479 | -€17,837 | -87.8% |
| Deferred charges and accrued income | 490/1 | €241 | - | -€241 | |
| Total equity and liabilities | 10/49 | €210,509 | €187,277 | -€23,232 | -11.0% |
| Equity | 10/15 | -€38,815 | -€81,220 | -€42,405 | -109% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,837 | €55,837 | = | 0.0% |
| Distributable reserves | 133 | €55,837 | €55,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,852 | -€143,257 | -€42,405 | -42.0% |
| Amounts payable | 17/49 | €249,324 | €268,497 | +€19,173 | +7.7% |
| Amounts payable after more than one year | 17 | €118,805 | €83,777 | -€35,028 | -29.5% |
| Financial debts | 170/4 | €118,805 | €83,777 | -€35,028 | -29.5% |
| Amounts payable within one year | 42/48 | €130,519 | €184,720 | +€54,201 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €46,220 | €35,483 | -€10,737 | -23.2% |
| Trade debts | 44 | €57,440 | €115,132 | +€57,692 | +100% |
| Suppliers | 440/4 | €57,440 | €115,132 | +€57,692 | +100% |
| Advances received on contracts in progress | 46 | €26,129 | - | -€26,129 | |
| Taxes, remuneration and social security | 45 | €688 | €12,701 | +€12,013 | +1,745% |
| Taxes | 450/3 | €688 | €12,701 | +€12,013 | +1,745% |
| Other amounts payable | 47/48 | €41 | €21,404 | +€21,363 | +51,701% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,111 | €20,090 | -€3,020 | -13.1% |
| Other operating charges | 640/8 | €5,423 | €5,165 | -€258 | -4.8% |
| Gross operating margin | 9900 | -€73,936 | -€12,651 | +€61,284 | +82.9% |
| Operating profit (loss) | 9901 | -€102,469 | -€37,906 | +€64,563 | +63.0% |
| Financial income | 75/76B | €4,435 | €2,177 | -€2,258 | -50.9% |
| Recurring financial income | 75 | €4,435 | €2,177 | -€2,258 | -50.9% |
| Financial charges | 65/66B | €2,602 | €6,377 | +€3,776 | +145% |
| Recurring financial charges | 65 | €2,602 | €6,377 | +€3,776 | +145% |
| Profit (loss) for the period before taxes | 9903 | -€100,636 | -€42,107 | +€58,529 | +58.2% |
| Income taxes | 67/77 | €216 | €298 | +€83 | +38.2% |
| Profit (loss) for the period | 9904 | -€100,852 | -€42,405 | +€58,447 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€100,852 | -€42,405 | +€58,447 | +58.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.