INTERWOOD PRODUCT: what changed
What changed
INTERWOOD PRODUCT
NACE 16.110, Sawmilling and planing of wood
filed annual accounts (NBB)
Net result for the year
€128,160
2024 · €143,733-€15,574
Equity
€3.7m
2024 · €3.6m+€128,160
Cash
€213,434
2024 · €78,695+€134,739
Balance sheet total
€6.4m
2024 · €6.4m-€20,783
Largest movements
Assets
- Tangible fixed assets -€200,461
down €200,461 (-5.5%), from €3.6m to €3.4m
of which Land and buildings: -€178,988
- Cash +€134,739
up €134,739 (+171%), from €78,695 to €213,434
mainly Depreciation (+€148,007) and Net result for the year (+€128,160)
Equity and liabilities
- Short-term financial debts -€197,995
down €197,995 (-14.9%), from €1.3m to €1.1m
- Reserves +€128,000
up €128,000 (+8.9%), from €1.4m to €1.6m
of which Distributable reserves: +€128,000
- Tax, wage and social debts +€85,898
up €85,898 (+755%), from €11,376 to €97,274
of which Taxes: +€81,792
Income statement
- Gross operating margin +€184,123
up €184,123 (+43.3%), from €425,614 to €609,737
- Taxes +€158,251
up €158,251, from -€1,933 to €156,317
- Financial charges -€30,055
down €30,055 (-31.2%), from €96,481 to €66,426
- Staff costs +€19,458
up €19,458 (+48.9%), from €39,788 to €59,246
- Other operating charges +€12,027
up €12,027 (+30.2%), from €39,771 to €51,799
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
€143,733
Gross operating margin
+€184,123
Staff costs
-€19,458
Depreciation
-€1,612
Other operating charges
-€12,027
Financial income
-€11,685
Financial charges
+€30,055
Taxes
-€158,251
Deferred taxes and other
-€26,719
Result 2025
€128,160
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
+€361,234
Investment
+€25,975
Financing
-€252,470
Cash 2024
€78,695
From operations (derived)
+€361,234
Net result for the year
+€128,160
Depreciation
+€148,007
Receivables within one year
-€19,003
Deferred charges and accrued income
+€543
Trade debts
-€2,716
Tax, wage and social debts
+€85,898
Other debts
+€20,346
Investment (derived)
+€25,975
Investment in fixed assets (net)
+€25,975
Financing
-€252,470
Debts after one year
-€9,690
Current portion of long-term debt
-€44,785
Short-term financial debts
-€197,995
Cash 2025
€213,434
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,398,994 | €6,378,211 | -€20,783 | -0.3% |
| Fixed assets | 21/28 | €4,202,488 | €4,028,506 | -€173,982 | -4.1% |
| Tangible fixed assets | 22/27 | €3,647,766 | €3,447,304 | -€200,461 | -5.5% |
| Land and buildings | 22 | €3,402,373 | €3,223,385 | -€178,988 | -5.3% |
| Plant, machinery and equipment | 23 | €219,239 | €196,583 | -€22,656 | -10.3% |
| Furniture and vehicles | 24 | €14,088 | €15,271 | +€1,183 | +8.4% |
| Other tangible fixed assets | 26 | €12,066 | €12,066 | = | 0.0% |
| Financial fixed assets | 28 | €554,723 | €581,202 | +€26,479 | +4.8% |
| Current assets | 29/58 | €2,196,506 | €2,349,705 | +€153,199 | +7.0% |
| Amounts receivable after more than one year | 29 | €1,200,000 | €1,200,000 | = | 0.0% |
| Trade receivables | 290 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €700,000 | €700,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €907,356 | €926,359 | +€19,003 | +2.1% |
| Trade receivables | 40 | €45,451 | €39,955 | -€5,497 | -12.1% |
| Other amounts receivable | 41 | €861,904 | €886,404 | +€24,500 | +2.8% |
| Cash at bank and in hand | 54/58 | €78,695 | €213,434 | +€134,739 | +171% |
| Deferred charges and accrued income | 490/1 | €10,456 | €9,912 | -€543 | -5.2% |
| Total equity and liabilities | 10/49 | €6,398,994 | €6,378,211 | -€20,783 | -0.3% |
| Equity | 10/15 | €3,555,136 | €3,683,296 | +€128,160 | +3.6% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Revaluation surpluses | 12 | €1,515,550 | €1,515,550 | = | 0.0% |
| Reserves | 13 | €1,442,724 | €1,570,724 | +€128,000 | +8.9% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €666,247 | €666,247 | = | 0.0% |
| Distributable reserves | 133 | €773,750 | €901,750 | +€128,000 | +16.5% |
| Profit (loss) carried forward | 14 | €569,594 | €569,754 | +€160 | 0.0% |
| Provisions and deferred taxes | 16 | €252,985 | €252,985 | = | 0.0% |
| Deferred taxes | 168 | €252,985 | €252,985 | = | 0.0% |
| Amounts payable | 17/49 | €2,590,873 | €2,441,930 | -€148,942 | -5.7% |
| Amounts payable after more than one year | 17 | €74,440 | €64,749 | -€9,690 | -13.0% |
| Financial debts | 170/4 | €73,525 | €63,834 | -€9,690 | -13.2% |
| Other amounts payable | 178/9 | €915 | €915 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,516,433 | €2,377,181 | -€139,252 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €57,324 | €12,540 | -€44,785 | -78.1% |
| Financial debts | 43 | €1,324,903 | €1,126,908 | -€197,995 | -14.9% |
| Credit institutions | 430/8 | €1,324,903 | €1,126,908 | -€197,995 | -14.9% |
| Trade debts | 44 | €42,509 | €39,793 | -€2,716 | -6.4% |
| Suppliers | 440/4 | €42,509 | €39,793 | -€2,716 | -6.4% |
| Advances received on contracts in progress | 46 | €3,970 | €3,970 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,376 | €97,274 | +€85,898 | +755% |
| Taxes | 450/3 | €4,293 | €86,085 | +€81,792 | +1,905% |
| Remuneration and social security | 454/9 | €7,084 | €11,189 | +€4,105 | +58.0% |
| Other amounts payable | 47/48 | €1,076,350 | €1,096,696 | +€20,346 | +1.9% |
| Non-recurring operating income | 76A | €99,433 | €192,605 | +€93,173 | +93.7% |
| Remuneration, social security and pensions | 62 | €39,788 | €59,246 | +€19,458 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,395 | €148,007 | +€1,612 | +1.1% |
| Other operating charges | 640/8 | €39,771 | €51,799 | +€12,027 | +30.2% |
| Gross operating margin | 9900 | €425,614 | €609,737 | +€184,123 | +43.3% |
| Operating profit (loss) | 9901 | €199,659 | €350,685 | +€151,026 | +75.6% |
| Financial income | 75/76B | €11,902 | €217 | -€11,685 | -98.2% |
| Recurring financial income | 75 | €11,902 | €217 | -€11,685 | -98.2% |
| Financial charges | 65/66B | €96,481 | €66,426 | -€30,055 | -31.2% |
| Recurring financial charges | 65 | €96,481 | €66,426 | -€30,055 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €115,081 | €284,477 | +€169,396 | +147% |
| Transfer from deferred taxes | 780 | €26,719 | - | -€26,719 | |
| Income taxes | 67/77 | -€1,933 | €156,317 | +€158,251 | |
| Profit (loss) for the period | 9904 | €143,733 | €128,160 | -€15,574 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €143,733 | €128,160 | -€15,574 | -10.8% |
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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 3 November 2026 via checked.be.