HD 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.
HD WOOD
Largest movements
- Receivables within one year +€7,302
up €7,302 (+109%), from €6,708 to €14,010
of which Trade receivables: +€7,282
- Stocks and contracts -€1,992
down €1,992 (-100%), from €1,992 to €0
- Tangible fixed assets +€341
up €341 (+39.6%), from €862 to €1,203
of which Plant, machinery and equipment: +€472
- Profit (loss) carried forward -€5,570
down €5,570 (-144%), from -€3,860 to -€9,430
- Tax, wage and social debts +€4,612
up €4,612 (+1,823%), from €253 to €4,865
of which Remuneration and social security: +€3,000
- Trade debts +€3,686
up €3,686 (+231%), from €1,597 to €5,283
- Other debts +€2,312
up €2,312 (+45.9%), from €5,034 to €7,346
- Short-term financial debts +€611
up €611 (+470%), from €130 to €741
- Purchases and services +€29,099
up €29,099 (+81.1%), from €35,874 to €64,973
- Gross operating margin -€16,837
down €16,837, from €12,748 to -€4,089
- Turnover +€12,262
up €12,262 (+25.2%), from €48,622 to €60,884
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,562 | €15,213 | +€5,651 | +59.1% |
| Fixed assets | 21/28 | €862 | €1,203 | +€341 | +39.6% |
| Tangible fixed assets | 22/27 | €862 | €1,203 | +€341 | +39.6% |
| Plant, machinery and equipment | 23 | €700 | €1,172 | +€472 | +67.4% |
| Furniture and vehicles | 24 | €162 | €31 | -€131 | -80.9% |
| Current assets | 29/58 | €8,700 | €14,010 | +€5,310 | +61.0% |
| Stocks and contracts in progress | 3 | €1,992 | €0 | -€1,992 | -100% |
| Stocks | 30/36 | €1,992 | €0 | -€1,992 | -100% |
| Amounts receivable within one year | 40/41 | €6,708 | €14,010 | +€7,302 | +109% |
| Trade receivables | 40 | €6,683 | €13,965 | +€7,282 | +109% |
| Other amounts receivable | 41 | €25 | €45 | +€20 | +80.0% |
| Total equity and liabilities | 10/49 | €9,562 | €15,213 | +€5,651 | +59.1% |
| Equity | 10/15 | €2,548 | -€3,022 | -€5,570 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €208 | €208 | = | 0.0% |
| Non-distributable reserves | 130/1 | €208 | €208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €208 | €208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,860 | -€9,430 | -€5,570 | -144% |
| Amounts payable | 17/49 | €7,014 | €18,235 | +€11,221 | +160% |
| Amounts payable within one year | 42/48 | €7,014 | €18,235 | +€11,221 | +160% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €130 | €741 | +€611 | +470% |
| Credit institutions | 430/8 | €130 | €741 | +€611 | +470% |
| Trade debts | 44 | €1,597 | €5,283 | +€3,686 | +231% |
| Suppliers | 440/4 | €1,597 | €5,283 | +€3,686 | +231% |
| Taxes, remuneration and social security | 45 | €253 | €4,865 | +€4,612 | +1,823% |
| Taxes | 450/3 | €253 | €1,865 | +€1,612 | +637% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €5,034 | €7,346 | +€2,312 | +45.9% |
| Turnover | 70 | €48,622 | €60,884 | +€12,262 | +25.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €35,874 | €64,973 | +€29,099 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €960 | -€205 | -17.6% |
| Other operating charges | 640/8 | €149 | €314 | +€165 | +111% |
| Gross operating margin | 9900 | €12,748 | -€4,089 | -€16,837 | |
| Operating profit (loss) | 9901 | €11,434 | -€5,363 | -€16,797 | |
| Financial charges | 65/66B | €343 | €207 | -€136 | -39.7% |
| Recurring financial charges | 65 | €343 | €207 | -€136 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €11,091 | -€5,570 | -€16,661 | |
| Profit (loss) for the period | 9904 | €11,091 | -€5,570 | -€16,661 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,091 | -€5,570 | -€16,661 |
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 28 October 2026 via checked.be.