CORE WOOD PROJECTS: 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.
CORE WOOD PROJECTS
Largest movements
- Receivables within one year +€24,063
up €24,063 (+157%), from €15,303 to €39,367
of which Other amounts receivable: +€21,419
- Cash -€15,021
down €15,021 (-35.2%), from €42,735 to €27,713
mainly Receivables within one year (-€24,063) and Debts after one year (-€17,300)
- Tangible fixed assets -€13,059
down €13,059 (-19.2%), from €67,955 to €54,896
of which Leasing and similar rights: -€6,609
- Debts after one year -€17,300
down €17,300 (-46.9%), from €36,910 to €19,610
- Reserves +€6,500
up €6,500 (+10.0%), from €65,000 to €71,500
- Trade debts +€6,134
up €6,134 (+124%), from €4,960 to €11,094
- Tax, wage and social debts +€1,627
up €1,627 (+369%), from €441 to €2,068
- Gross operating margin -€31,457
down €31,457 (-50.6%), from €62,141 to €30,684
- Taxes -€8,877
down €8,877 (-74.5%), from €11,912 to €3,035
- Depreciation +€1,127
up €1,127 (+7.7%), from €14,690 to €15,817
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 | €131,527 | €127,912 | -€3,615 | -2.7% |
| Fixed assets | 21/28 | €70,655 | €57,596 | -€13,059 | -18.5% |
| Tangible fixed assets | 22/27 | €67,955 | €54,896 | -€13,059 | -19.2% |
| Plant, machinery and equipment | 23 | €20,308 | €17,441 | -€2,867 | -14.1% |
| Furniture and vehicles | 24 | €20,794 | €17,211 | -€3,582 | -17.2% |
| Leasing and similar rights | 25 | €26,854 | €20,244 | -€6,609 | -24.6% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €60,872 | €70,316 | +€9,444 | +15.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,303 | €39,367 | +€24,063 | +157% |
| Trade receivables | 40 | €8,010 | €10,654 | +€2,644 | +33.0% |
| Other amounts receivable | 41 | €7,294 | €28,713 | +€21,419 | +294% |
| Cash at bank and in hand | 54/58 | €42,735 | €27,713 | -€15,021 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,334 | €1,736 | +€402 | +30.2% |
| Total equity and liabilities | 10/49 | €131,527 | €127,912 | -€3,615 | -2.7% |
| Equity | 10/15 | €70,560 | €76,836 | +€6,276 | +8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €71,500 | +€6,500 | +10.0% |
| Distributable reserves | 133 | €65,000 | €71,500 | +€6,500 | +10.0% |
| Profit (loss) carried forward | 14 | €560 | €336 | -€224 | -40.0% |
| Amounts payable | 17/49 | €60,967 | €51,076 | -€9,891 | -16.2% |
| Amounts payable after more than one year | 17 | €36,910 | €19,610 | -€17,300 | -46.9% |
| Financial debts | 170/4 | €36,910 | €19,610 | -€17,300 | -46.9% |
| Amounts payable within one year | 42/48 | €24,057 | €31,466 | +€7,409 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €16,549 | €17,300 | +€751 | +4.5% |
| Financial debts | 43 | €1,274 | €1,005 | -€269 | -21.1% |
| Credit institutions | 430/8 | €1,274 | €1,005 | -€269 | -21.1% |
| Trade debts | 44 | €4,960 | €11,094 | +€6,134 | +124% |
| Suppliers | 440/4 | €4,960 | €11,094 | +€6,134 | +124% |
| Taxes, remuneration and social security | 45 | €441 | €2,068 | +€1,627 | +369% |
| Taxes | 450/3 | €441 | €2,068 | +€1,627 | +369% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,690 | €15,817 | +€1,127 | +7.7% |
| Other operating charges | 640/8 | €1,409 | €1,607 | +€198 | +14.0% |
| Gross operating margin | 9900 | €62,141 | €30,684 | -€31,457 | -50.6% |
| Operating profit (loss) | 9901 | €46,042 | €13,260 | -€32,782 | -71.2% |
| Financial income | 75/76B | €280 | €74 | -€206 | -73.7% |
| Recurring financial income | 75 | €280 | €74 | -€206 | -73.7% |
| Financial charges | 65/66B | €3,543 | €4,022 | +€479 | +13.5% |
| Recurring financial charges | 65 | €3,543 | €4,022 | +€479 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €42,778 | €9,311 | -€33,467 | -78.2% |
| Income taxes | 67/77 | €11,912 | €3,035 | -€8,877 | -74.5% |
| Profit (loss) for the period | 9904 | €30,866 | €6,276 | -€24,590 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,866 | €6,276 | -€24,590 | -79.7% |
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 17 October 2026 via checked.be.