IDE 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.
What changed
IDE Woods
NACE 16.110, Sawmilling and planing of wood
financial year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€3.5m
2023 · -€3.3m-€167,636
Equity
€5.0m
2023 · €8.6m-€3.6m
Cash
€183,881
2023 · €71,165+€112,717
Balance sheet total
€17.0m
2023 · €18.0m-€988,190
Largest movements
Assets
- Tangible fixed assets -€2.2m
down €2.2m (-22.2%), from €9.9m to €7.7m
of which Leasing and similar rights: -€1.8m
- Stocks and contracts +€694,976
up €694,976 (+20.0%), from €3.5m to €4.2m
- Receivables within one year +€371,262
up €371,262 (+18.8%), from €2.0m to €2.3m
of which Trade receivables: +€326,187
Equity and liabilities
- Reserves -€3.5m
down €3.5m (-77.5%), from €4.5m to €1.0m
of which Distributable reserves: -€3.3m
- Trade debts +€2.0m
up €2.0m (+298.6%), from €664,492 to €2.6m
- Short-term financial debts +€1.9m
up €1.9m (+116.9%), from €1.6m to €3.5m
- Debts after one year -€1.8m
down €1.8m (-36.5%), from €4.9m to €3.1m
- Other debts +€426,169
up €426,169 (+70.5%), from €604,069 to €1.0m
Income statement
- Turnover +€13.5m
up €13.5m (+97.0%), from €14.0m to €27.5m
- Goods and materials +€10.4m
up €10.4m (+103.8%), from €10.0m to €20.3m
of which Purchases: +€13.3m
- Services and other goods +€1.5m
up €1.5m (+38.6%), from €4.0m to €5.5m
- Depreciation +€1.4m
up €1.4m (+81.9%), from €1.7m to €3.0m
- Staff costs +€974,084
up €974,084 (+53.0%), from €1.8m to €2.8m
From the 2023 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.
Result 2023
-€3.3m
Turnover
+€13.5m
Other operating income
+€245,582
Goods and materials
-€10.4m
Services and other goods
-€1.5m
Staff costs
-€974,084
Depreciation
-€1.4m
Write-downs
-€361
Provisions
+€120,000
Other operating charges
-€125,835
Other operating items
+€230,355
Financial income
+€240,148
Financial charges
-€207,713
Taxes
+€13
Deferred taxes and other
+€29,844
Result 2025
-€3.5m
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,988,229 | €17,000,038 | -€988,190 | -5.5% |
| Fixed assets | 21/28 | €9,955,763 | €7,733,675 | -€2.2m | -22.3% |
| Intangible fixed assets | 21 | €91,598 | €57,959 | -€33,639 | -36.7% |
| Tangible fixed assets | 22/27 | €9,864,165 | €7,675,716 | -€2.2m | -22.2% |
| Land and buildings | 22 | €2,443,180 | €1,776,079 | -€667,101 | -27.3% |
| Plant, machinery and equipment | 23 | €2,348,467 | €2,721,755 | +€373,289 | +15.9% |
| Furniture and vehicles | 24 | €7,832 | €11,744 | +€3,911 | +49.9% |
| Leasing and similar rights | 25 | €4,970,764 | €3,166,138 | -€1.8m | -36.3% |
| Assets under construction and advance payments | 27 | €93,922 | €0 | -€93,922 | -100.0% |
| Current assets | 29/58 | €8,032,466 | €9,266,364 | +€1.2m | +15.4% |
| Amounts receivable after more than one year | 29 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,500,000 | €2,500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,483,424 | €4,178,400 | +€694,976 | +20.0% |
| Stocks | 30/36 | €3,483,424 | €4,178,400 | +€694,976 | +20.0% |
| Raw materials and consumables | 30/31 | €3,412,985 | €3,898,236 | +€485,251 | +14.2% |
| Finished goods | 33 | €70,439 | €280,164 | +€209,725 | +297.7% |
| Amounts receivable within one year | 40/41 | €1,969,820 | €2,341,082 | +€371,262 | +18.8% |
| Trade receivables | 40 | €1,969,132 | €2,295,319 | +€326,187 | +16.6% |
| Other amounts receivable | 41 | €688 | €45,763 | +€45,075 | +6552.9% |
| Cash at bank and in hand | 54/58 | €71,165 | €183,881 | +€112,717 | +158.4% |
| Deferred charges and accrued income | 490/1 | €8,057 | €63,000 | +€54,943 | +681.9% |
| Total equity and liabilities | 10/49 | €17,988,229 | €17,000,038 | -€988,190 | -5.5% |
| Equity | 10/15 | €8,628,953 | €5,011,993 | -€3.6m | -41.9% |
| Contributions | 10/11 | €3,800,000 | €3,800,000 | = | 0.0% |
| Reserves | 13 | €4,466,801 | €1,006,499 | -€3.5m | -77.5% |
| Tax-exempt reserves | 132 | €566,801 | €357,895 | -€208,905 | -36.9% |
| Distributable reserves | 133 | €3,900,000 | €648,604 | -€3.3m | -83.4% |
| Profit (loss) carried forward | 14 | €32,740 | €0 | -€32,740 | -100.0% |
| Investment grants | 15 | €329,412 | €205,494 | -€123,918 | -37.6% |
| Provisions and deferred taxes | 16 | €255,974 | €146,339 | -€109,635 | -42.8% |
| Provisions for liabilities and charges | 160/5 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Other liabilities and charges | 164/5 | €80,000 | €40,000 | -€40,000 | -50.0% |
| Deferred taxes | 168 | €175,974 | €106,339 | -€69,635 | -39.6% |
| Amounts payable | 17/49 | €9,103,302 | €11,841,706 | +€2.7m | +30.1% |
| Amounts payable after more than one year | 17 | €4,895,418 | €3,106,755 | -€1.8m | -36.5% |
| Financial debts | 170/4 | €4,895,418 | €3,106,755 | -€1.8m | -36.5% |
| Leasing and similar obligations | 172 | €4,043,297 | €2,558,516 | -€1.5m | -36.7% |
| Credit institutions | 173 | €852,121 | €548,238 | -€303,882 | -35.7% |
| Amounts payable within one year | 42/48 | €4,199,115 | €8,674,879 | +€4.5m | +106.6% |
| Current portion of amounts payable after more than one year | 42 | €1,086,945 | €1,078,687 | -€8,258 | -0.8% |
| Financial debts | 43 | €1,600,000 | €3,470,000 | +€1.9m | +116.9% |
| Credit institutions | 430/8 | €1,600,000 | €3,470,000 | +€1.9m | +116.9% |
| Trade debts | 44 | €664,492 | €2,648,749 | +€2.0m | +298.6% |
| Suppliers | 440/4 | €664,492 | €2,648,749 | +€2.0m | +298.6% |
| Taxes, remuneration and social security | 45 | €243,609 | €447,205 | +€203,597 | +83.6% |
| Taxes | 450/3 | €43,960 | €232,502 | +€188,542 | +428.9% |
| Remuneration and social security | 454/9 | €199,648 | €214,703 | +€15,055 | +7.5% |
| Other amounts payable | 47/48 | €604,069 | €1,030,238 | +€426,169 | +70.5% |
| Accrued charges and deferred income | 492/3 | €8,770 | €60,072 | +€51,302 | +585.0% |
| Operating income | 70/76A | €14,338,873 | €28,357,588 | +€14.0m | +97.8% |
| Turnover | 70 | €13,963,071 | €27,505,849 | +€13.5m | +97.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,498 | €209,725 | +€215,223 | |
| Other operating income | 74 | €381,300 | €626,882 | +€245,582 | +64.4% |
| Non-recurring operating income | 76A | - | €15,132 | +€15,132 | |
| Operating charges | 60/66A | €17,667,061 | €31,915,705 | +€14.2m | +80.7% |
| Goods for resale, raw materials and consumables | 60 | €9,979,578 | €20,333,619 | +€10.4m | +103.8% |
| Purchases | 600/8 | €7,511,550 | €20,818,870 | +€13.3m | +177.2% |
| Change in stocks: decrease (increase) | 609 | €2,468,028 | -€485,251 | -€3.0m | |
| Services and other goods | 61 | €4,001,457 | €5,545,375 | +€1.5m | +38.6% |
| Remuneration, social security and pensions | 62 | €1,836,996 | €2,811,080 | +€974,084 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674,116 | €3,044,520 | +€1.4m | +81.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €361 | +€361 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €80,000 | -€40,000 | -€120,000 | |
| Other operating charges | 640/8 | €94,915 | €220,750 | +€125,835 | +132.6% |
| Operating profit (loss) | 9901 | -€3,328,188 | -€3,558,116 | -€229,928 | -6.9% |
| Financial income | 75/76B | €318,554 | €558,702 | +€240,148 | +75.4% |
| Recurring financial income | 75 | €318,554 | €558,702 | +€240,148 | +75.4% |
| Income from current assets | 751 | €59,228 | €87,500 | +€28,272 | +47.7% |
| Other financial income | 752/9 | €259,326 | €471,202 | +€211,876 | +81.7% |
| Financial charges | 65/66B | €354,016 | €561,729 | +€207,713 | +58.7% |
| Recurring financial charges | 65 | €354,016 | €561,729 | +€207,713 | +58.7% |
| Debt charges | 650 | €266,818 | €437,505 | +€170,687 | +64.0% |
| Other financial charges | 652/9 | €87,198 | €124,225 | +€37,026 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,363,651 | -€3,561,143 | -€197,493 | -5.9% |
| Transfer from deferred taxes | 780 | €39,792 | €69,635 | +€29,844 | +75.0% |
| Income taxes | 67/77 | €1,546 | €1,533 | -€13 | -0.8% |
| Taxes | 670/3 | €1,546 | €1,533 | -€13 | -0.8% |
| Profit (loss) for the period | 9904 | -€3,325,405 | -€3,493,041 | -€167,636 | -5.0% |
| Transfer from tax-exempt reserves | 789 | €119,375 | €208,905 | +€89,531 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,206,031 | -€3,284,136 | -€78,105 | -2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.