D-WOODS: 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.
D-WOODS
Largest movements
- Tangible fixed assets +€4,900
up €4,900 (+24.7%), from €19,824 to €24,724
- Cash -€2,131
down €2,131 (-48.3%), from €4,410 to €2,279
mainly Other debts (-€7,354) and Investment in fixed assets (net) (-€7,309)
- Stocks and contracts -€1,602
down €1,602 (-54.2%), from €2,957 to €1,356
- Receivables within one year -€1,253
down €1,253 (-10.8%), from €11,595 to €10,342
of which Other amounts receivable: -€4,102
- Other debts -€7,354
no longer reported in 2025 (was €7,354)
- Trade debts +€6,419
up €6,419 (+87.5%), from €7,335 to €13,754
- Debts after one year -€2,644
down €2,644 (-23.7%), from €11,177 to €8,533
- Tax, wage and social debts +€2,399
up €2,399 (+42.9%), from €5,594 to €7,993
- Accrued charges and deferred income +€815
new in 2025: €815
- Gross operating margin -€1,547
down €1,547 (-18.9%), from €8,206 to €6,659
- Depreciation +€1,143
up €1,143 (+90.2%), from €1,267 to €2,409
- Taxes +€456
up €456 (+27.6%), from €1,656 to €2,112
- Other operating charges -€269
down €269 (-17.6%), from €1,532 to €1,263
- Financial charges +€178
up €178 (+28.3%), from €627 to €804
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.
Cash bridge derived
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 | €39,303 | €39,147 | -€155 | -0.4% |
| Fixed assets | 21/28 | €19,824 | €24,724 | +€4,900 | +24.7% |
| Tangible fixed assets | 22/27 | €19,824 | €24,724 | +€4,900 | +24.7% |
| Other tangible fixed assets | 26 | €19,824 | €24,724 | +€4,900 | +24.7% |
| Current assets | 29/58 | €19,479 | €14,424 | -€5,055 | -26.0% |
| Stocks and contracts in progress | 3 | €2,957 | €1,356 | -€1,602 | -54.2% |
| Stocks | 30/36 | €2,957 | €1,356 | -€1,602 | -54.2% |
| Amounts receivable within one year | 40/41 | €11,595 | €10,342 | -€1,253 | -10.8% |
| Trade receivables | 40 | €6,447 | €9,296 | +€2,849 | +44.2% |
| Other amounts receivable | 41 | €5,148 | €1,046 | -€4,102 | -79.7% |
| Cash at bank and in hand | 54/58 | €4,410 | €2,279 | -€2,131 | -48.3% |
| Deferred charges and accrued income | 490/1 | €517 | €447 | -€69 | -13.4% |
| Total equity and liabilities | 10/49 | €39,303 | €39,147 | -€155 | -0.4% |
| Equity | 10/15 | €5,331 | €5,409 | +€78 | +1.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,331 | €2,409 | +€78 | +3.4% |
| Distributable reserves | 133 | €2,331 | €2,409 | +€78 | +3.4% |
| Amounts payable | 17/49 | €33,972 | €33,738 | -€234 | -0.7% |
| Amounts payable after more than one year | 17 | €11,177 | €8,533 | -€2,644 | -23.7% |
| Financial debts | 170/4 | €11,177 | €8,533 | -€2,644 | -23.7% |
| Amounts payable within one year | 42/48 | €22,795 | €24,391 | +€1,596 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €2,512 | €2,644 | +€132 | +5.3% |
| Trade debts | 44 | €7,335 | €13,754 | +€6,419 | +87.5% |
| Suppliers | 440/4 | €7,335 | €13,754 | +€6,419 | +87.5% |
| Taxes, remuneration and social security | 45 | €5,594 | €7,993 | +€2,399 | +42.9% |
| Taxes | 450/3 | €5,594 | €7,993 | +€2,399 | +42.9% |
| Other amounts payable | 47/48 | €7,354 | - | -€7,354 | |
| Accrued charges and deferred income | 492/3 | - | €815 | +€815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,267 | €2,409 | +€1,143 | +90.2% |
| Other operating charges | 640/8 | €1,532 | €1,263 | -€269 | -17.6% |
| Gross operating margin | 9900 | €8,206 | €6,659 | -€1,547 | -18.9% |
| Operating profit (loss) | 9901 | €5,407 | €2,986 | -€2,421 | -44.8% |
| Financial income | 75/76B | €11 | €8 | -€3 | -26.5% |
| Recurring financial income | 75 | €11 | €8 | -€3 | -26.5% |
| Financial charges | 65/66B | €627 | €804 | +€178 | +28.3% |
| Recurring financial charges | 65 | €627 | €804 | +€178 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €4,791 | €2,190 | -€2,601 | -54.3% |
| Income taxes | 67/77 | €1,656 | €2,112 | +€456 | +27.6% |
| Profit (loss) for the period | 9904 | €3,136 | €78 | -€3,057 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,136 | €78 | -€3,057 | -97.5% |
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 12 October 2026 via checked.be.