DF 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.
DF WOOD
Largest movements
- Cash -€8,813
down €8,813 (-40.2%), from €21,900 to €13,086
mainly Current portion of long-term debt (-€55,000) and Stocks and contracts (-€8,000)
- Stocks and contracts +€8,000
up €8,000 (+7.0%), from €115,012 to €123,012
- Receivables within one year -€6,201
down €6,201 (-73.7%), from €8,409 to €2,208
of which Trade receivables: -€7,715
- Tangible fixed assets -€2,907
down €2,907 (-37.2%), from €7,810 to €4,903
of which Furniture and vehicles: -€2,369
- Current portion of long-term debt -€55,000
down €55,000 (-84.6%), from €65,000 to €10,000
- Debts after one year +€45,000
new in 2025: €45,000
- Tax, wage and social debts -€3,127
down €3,127 (-43.2%), from €7,239 to €4,112
- Trade debts +€1,570
new in 2025: €1,570
- Gross operating margin -€13,845
down €13,845 (-70.8%), from €19,566 to €5,720
- Taxes -€3,302
down €3,302 (-89.1%), from €3,707 to €405
- Staff costs +€518
up €518 (+213%), from €243 to €762
- Depreciation +€417
up €417 (+12.4%), from €3,368 to €3,785
- Financial charges +€230
up €230 (+39.1%), from €589 to €820
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 | €155,225 | €144,716 | -€10,509 | -6.8% |
| Fixed assets | 21/28 | €7,840 | €4,933 | -€2,907 | -37.1% |
| Tangible fixed assets | 22/27 | €7,810 | €4,903 | -€2,907 | -37.2% |
| Plant, machinery and equipment | 23 | €2,138 | €1,600 | -€538 | -25.2% |
| Furniture and vehicles | 24 | €5,672 | €3,304 | -€2,369 | -41.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €147,385 | €139,783 | -€7,602 | -5.2% |
| Stocks and contracts in progress | 3 | €115,012 | €123,012 | +€8,000 | +7.0% |
| Stocks | 30/36 | €115,012 | €123,012 | +€8,000 | +7.0% |
| Amounts receivable within one year | 40/41 | €8,409 | €2,208 | -€6,201 | -73.7% |
| Trade receivables | 40 | €7,715 | €0 | -€7,715 | -100% |
| Other amounts receivable | 41 | €694 | €2,208 | +€1,513 | +218% |
| Cash at bank and in hand | 54/58 | €21,900 | €13,086 | -€8,813 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,064 | €1,477 | -€587 | -28.5% |
| Total equity and liabilities | 10/49 | €155,225 | €144,716 | -€10,509 | -6.8% |
| Equity | 10/15 | €79,238 | €78,921 | -€318 | -0.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,238 | €70,921 | -€318 | -0.4% |
| Amounts payable | 17/49 | €75,986 | €65,795 | -€10,191 | -13.4% |
| Amounts payable after more than one year | 17 | - | €45,000 | +€45,000 | |
| Financial debts | 170/4 | - | €45,000 | +€45,000 | |
| Amounts payable within one year | 42/48 | €75,986 | €20,795 | -€55,191 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €65,000 | €10,000 | -€55,000 | -84.6% |
| Trade debts | 44 | - | €1,570 | +€1,570 | |
| Suppliers | 440/4 | - | €1,570 | +€1,570 | |
| Taxes, remuneration and social security | 45 | €7,239 | €4,112 | -€3,127 | -43.2% |
| Taxes | 450/3 | €7,239 | €4,112 | -€3,127 | -43.2% |
| Other amounts payable | 47/48 | €3,747 | €5,113 | +€1,366 | +36.5% |
| Remuneration, social security and pensions | 62 | €243 | €762 | +€518 | +213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,368 | €3,785 | +€417 | +12.4% |
| Other operating charges | 640/8 | €90 | €267 | +€177 | +196% |
| Gross operating margin | 9900 | €19,566 | €5,720 | -€13,845 | -70.8% |
| Operating profit (loss) | 9901 | €15,864 | €907 | -€14,957 | -94.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €589 | €820 | +€230 | +39.1% |
| Recurring financial charges | 65 | €589 | €820 | +€230 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €15,279 | €88 | -€15,191 | -99.4% |
| Income taxes | 67/77 | €3,707 | €405 | -€3,302 | -89.1% |
| Profit (loss) for the period | 9904 | €11,572 | -€318 | -€11,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,572 | -€318 | -€11,889 |
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 22 October 2026 via checked.be.