GL WOOD: what changed
What changed
GL WOOD
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€3,852
2024 · €16,748-€20,601
Equity
€56,208
2024 · €60,060-€3,852
Cash
€33,558
2024 · €33,645-€87
Balance sheet total
€78,642
2024 · €96,705-€18,063
Largest movements
Assets
- Receivables within one year -€17,326
down €17,326 (-54.9%), from €31,562 to €14,236
of which Trade receivables: -€18,052
- Tangible fixed assets -€9,770
down €9,770 (-53.5%), from €18,271 to €8,501
- Stocks and contracts +€9,120
up €9,120 (+71.7%), from €12,727 to €21,847
Equity and liabilities
- Trade debts -€4,979
down €4,979 (-36.0%), from €13,814 to €8,835
- Debts after one year -€4,632
down €4,632 (-100%), from €4,632 to €0
- Profit (loss) carried forward -€3,852
down €3,852 (-9.6%), from €40,060 to €36,208
- Other debts -€3,024
down €3,024 (-93.7%), from €3,227 to €203
- Current portion of long-term debt -€1,377
down €1,377 (-24.1%), from €5,711 to €4,334
Income statement
- Gross operating margin -€39,526
down €39,526 (-25.5%), from €155,228 to €115,701
- Taxes -€6,515
down €6,515 (-97.3%), from €6,695 to €180
- Staff costs -€2,958
down €2,958 (-2.7%), from €110,882 to €107,924
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,748
Gross operating margin
-€39,526
Staff costs
+€2,958
Depreciation
-€725
Other operating charges
+€1,352
Other operating items
+€8,062
Financial income
+€225
Financial charges
+€538
Taxes
+€6,515
Result 2025
-€3,852
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,922
Investment
€0
Financing
-€6,009
Cash 2024
€33,645
From operations (derived)
+€5,922
Net result for the year
-€3,852
Depreciation
+€9,770
Stocks and contracts
-€9,120
Receivables within one year
+€17,326
Trade debts
-€4,979
Tax, wage and social debts
-€199
Other debts
-€3,024
Financing
-€6,009
Debts after one year
-€4,632
Current portion of long-term debt
-€1,377
Cash 2025
€33,558
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,705 | €78,642 | -€18,063 | -18.7% |
| Fixed assets | 21/28 | €18,771 | €9,001 | -€9,770 | -52.0% |
| Tangible fixed assets | 22/27 | €18,271 | €8,501 | -€9,770 | -53.5% |
| Plant, machinery and equipment | 23 | €3,049 | €1,057 | -€1,992 | -65.3% |
| Furniture and vehicles | 24 | €7,238 | €4,238 | -€3,000 | -41.4% |
| Leasing and similar rights | 25 | €7,985 | €3,207 | -€4,778 | -59.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €77,933 | €69,641 | -€8,293 | -10.6% |
| Stocks and contracts in progress | 3 | €12,727 | €21,847 | +€9,120 | +71.7% |
| Stocks | 30/36 | €12,727 | €21,847 | +€9,120 | +71.7% |
| Amounts receivable within one year | 40/41 | €31,562 | €14,236 | -€17,326 | -54.9% |
| Trade receivables | 40 | €21,951 | €3,900 | -€18,052 | -82.2% |
| Other amounts receivable | 41 | €9,610 | €10,337 | +€726 | +7.6% |
| Cash at bank and in hand | 54/58 | €33,645 | €33,558 | -€87 | -0.3% |
| Total equity and liabilities | 10/49 | €96,705 | €78,642 | -€18,063 | -18.7% |
| Equity | 10/15 | €60,060 | €56,208 | -€3,852 | -6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,060 | €36,208 | -€3,852 | -9.6% |
| Amounts payable | 17/49 | €36,644 | €22,434 | -€14,210 | -38.8% |
| Amounts payable after more than one year | 17 | €4,632 | €0 | -€4,632 | -100% |
| Financial debts | 170/4 | €4,632 | €0 | -€4,632 | -100% |
| Amounts payable within one year | 42/48 | €32,013 | €22,434 | -€9,579 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €5,711 | €4,334 | -€1,377 | -24.1% |
| Trade debts | 44 | €13,814 | €8,835 | -€4,979 | -36.0% |
| Suppliers | 440/4 | €13,814 | €8,835 | -€4,979 | -36.0% |
| Taxes, remuneration and social security | 45 | €9,262 | €9,062 | -€199 | -2.2% |
| Taxes | 450/3 | €6,483 | €6,633 | +€149 | +2.3% |
| Remuneration and social security | 454/9 | €2,778 | €2,429 | -€349 | -12.6% |
| Other amounts payable | 47/48 | €3,227 | €203 | -€3,024 | -93.7% |
| Remuneration, social security and pensions | 62 | €110,882 | €107,924 | -€2,958 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,045 | €9,770 | +€725 | +8.0% |
| Other operating charges | 640/8 | €3,070 | €1,718 | -€1,352 | -44.0% |
| Non-recurring operating charges | 66A | €8,062 | €0 | -€8,062 | -100% |
| Gross operating margin | 9900 | €155,228 | €115,701 | -€39,526 | -25.5% |
| Operating profit (loss) | 9901 | €24,168 | -€3,711 | -€27,879 | |
| Financial income | 75/76B | €0 | €225 | +€225 | |
| Recurring financial income | 75 | €0 | €225 | +€225 | |
| Financial charges | 65/66B | €725 | €186 | -€538 | -74.3% |
| Recurring financial charges | 65 | €725 | €186 | -€538 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €23,443 | -€3,672 | -€27,115 | |
| Income taxes | 67/77 | €6,695 | €180 | -€6,515 | -97.3% |
| Profit (loss) for the period | 9904 | €16,748 | -€3,852 | -€20,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,748 | -€3,852 | -€20,601 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.