GP 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.
GP Wood
Largest movements
- Tangible fixed assets -€9,262
down €9,262 (-54.1%), from €17,133 to €7,871
of which Furniture and vehicles: -€6,265
- Cash +€7,712
up €7,712 (+30,651%), from €25 to €7,737
mainly Other debts (+€12,984) and Depreciation (+€9,262)
- Receivables within one year +€3,106
up €3,106 (+15.8%), from €19,710 to €22,816
of which Other amounts receivable: +€2,361
- Stocks and contracts +€1,686
up €1,686 (+30.2%), from €5,590 to €7,276
- Other debts +€12,984
up €12,984 (+18.2%), from €71,443 to €84,427
- Current portion of long-term debt -€9,451
down €9,451 (-95.6%), from €9,883 to €432
- Trade debts +€7,814
up €7,814 (+95.0%), from €8,225 to €16,039
- Profit (loss) carried forward -€4,452
down €4,452 (-8.1%), from -€54,875 to -€59,327
- Advances received -€3,060
no longer reported in 2025 (was €3,060)
- Gross operating margin +€8,652
up €8,652, from -€2,236 to €6,417
- Depreciation -€1,522
down €1,522 (-14.1%), from €10,784 to €9,262
- Other operating charges +€935
up €935 (+628%), from €149 to €1,083
- Financial charges -€832
down €832 (-70.2%), from €1,185 to €353
- Staff costs -€614
down €614 (-78.3%), from €784 to €170
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 | €43,262 | €46,654 | +€3,393 | +7.8% |
| Fixed assets | 21/28 | €17,666 | €8,404 | -€9,262 | -52.4% |
| Tangible fixed assets | 22/27 | €17,133 | €7,871 | -€9,262 | -54.1% |
| Plant, machinery and equipment | 23 | €6,085 | €3,087 | -€2,997 | -49.3% |
| Furniture and vehicles | 24 | €11,048 | €4,783 | -€6,265 | -56.7% |
| Financial fixed assets | 28 | €534 | €534 | = | 0.0% |
| Current assets | 29/58 | €25,595 | €38,250 | +€12,655 | +49.4% |
| Stocks and contracts in progress | 3 | €5,590 | €7,276 | +€1,686 | +30.2% |
| Stocks | 30/36 | €5,590 | €7,276 | +€1,686 | +30.2% |
| Amounts receivable within one year | 40/41 | €19,710 | €22,816 | +€3,106 | +15.8% |
| Trade receivables | 40 | €18,334 | €19,080 | +€746 | +4.1% |
| Other amounts receivable | 41 | €1,376 | €3,736 | +€2,361 | +172% |
| Cash at bank and in hand | 54/58 | €25 | €7,737 | +€7,712 | +30,651% |
| Deferred charges and accrued income | 490/1 | €270 | €421 | +€151 | +55.9% |
| Total equity and liabilities | 10/49 | €43,262 | €46,654 | +€3,393 | +7.8% |
| Equity | 10/15 | -€49,875 | -€54,327 | -€4,452 | -8.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,875 | -€59,327 | -€4,452 | -8.1% |
| Amounts payable | 17/49 | €93,136 | €100,981 | +€7,845 | +8.4% |
| Amounts payable after more than one year | 17 | €432 | - | -€432 | |
| Financial debts | 170/4 | €432 | - | -€432 | |
| Amounts payable within one year | 42/48 | €92,611 | €100,981 | +€8,370 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €9,883 | €432 | -€9,451 | -95.6% |
| Trade debts | 44 | €8,225 | €16,039 | +€7,814 | +95.0% |
| Suppliers | 440/4 | €8,225 | €16,039 | +€7,814 | +95.0% |
| Advances received on contracts in progress | 46 | €3,060 | - | -€3,060 | |
| Taxes, remuneration and social security | 45 | - | €83 | +€83 | |
| Taxes | 450/3 | - | €83 | +€83 | |
| Other amounts payable | 47/48 | €71,443 | €84,427 | +€12,984 | +18.2% |
| Accrued charges and deferred income | 492/3 | €93 | €0 | -€93 | -99.8% |
| Remuneration, social security and pensions | 62 | €784 | €170 | -€614 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,784 | €9,262 | -€1,522 | -14.1% |
| Other operating charges | 640/8 | €149 | €1,083 | +€935 | +628% |
| Gross operating margin | 9900 | -€2,236 | €6,417 | +€8,652 | |
| Operating profit (loss) | 9901 | -€13,953 | -€4,099 | +€9,854 | +70.6% |
| Financial charges | 65/66B | €1,185 | €353 | -€832 | -70.2% |
| Recurring financial charges | 65 | €1,185 | €353 | -€832 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,139 | -€4,452 | +€10,686 | +70.6% |
| Profit (loss) for the period | 9904 | -€15,139 | -€4,452 | +€10,686 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,139 | -€4,452 | +€10,686 | +70.6% |
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 20 October 2026 via checked.be.