John 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.
John Wood
Largest movements
- Receivables within one year -€22,060
down €22,060 (-79.4%), from €27,779 to €5,719
of which Trade receivables: -€23,364
- Cash +€6,118
up €6,118 (+17.2%), from €35,663 to €41,780
mainly Debts after one year (+€34,646) and Receivables within one year (+€22,060)
- Tangible fixed assets -€4,088
down €4,088 (-2.2%), from €187,893 to €183,805
of which Furniture and vehicles: -€5,499
- Debts after one year +€34,646
up €34,646 (+26.1%), from €132,504 to €167,150
of which Other amounts payable: +€39,803
- Current portion of long-term debt -€32,141
down €32,141 (-63.6%), from €50,530 to €18,389
- Trade debts -€14,159
down €14,159 (-74.2%), from €19,070 to €4,911
- Tax, wage and social debts -€7,974
down €7,974 (-75.8%), from €10,514 to €2,540
of which Taxes: -€7,593
- Advances received -€3,703
down €3,703 (-64.9%), from €5,703 to €2,000
- Gross operating margin -€4,599
down €4,599 (-10.1%), from €45,656 to €41,056
- Financial charges +€3,662
up €3,662 (+120%), from €3,042 to €6,704
- Staff costs +€3,136
up €3,136 (+29.3%), from €10,696 to €13,833
- Depreciation +€2,098
up €2,098 (+18.8%), from €11,131 to €13,229
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 | €254,013 | €234,324 | -€19,689 | -7.8% |
| Fixed assets | 21/28 | €187,893 | €183,805 | -€4,088 | -2.2% |
| Tangible fixed assets | 22/27 | €187,893 | €183,805 | -€4,088 | -2.2% |
| Land and buildings | 22 | €180,290 | €181,594 | +€1,303 | +0.7% |
| Plant, machinery and equipment | 23 | - | €1,066 | +€1,066 | |
| Furniture and vehicles | 24 | €6,644 | €1,145 | -€5,499 | -82.8% |
| Assets under construction and advance payments | 27 | €959 | - | -€959 | |
| Current assets | 29/58 | €66,120 | €50,519 | -€15,601 | -23.6% |
| Amounts receivable within one year | 40/41 | €27,779 | €5,719 | -€22,060 | -79.4% |
| Trade receivables | 40 | €26,765 | €3,401 | -€23,364 | -87.3% |
| Other amounts receivable | 41 | €1,014 | €2,318 | +€1,304 | +129% |
| Cash at bank and in hand | 54/58 | €35,663 | €41,780 | +€6,118 | +17.2% |
| Deferred charges and accrued income | 490/1 | €2,679 | €3,020 | +€341 | +12.7% |
| Total equity and liabilities | 10/49 | €254,013 | €234,324 | -€19,689 | -7.8% |
| Equity | 10/15 | €34,713 | €37,828 | +€3,114 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,513 | €31,628 | +€3,114 | +10.9% |
| Amounts payable | 17/49 | €219,300 | €196,496 | -€22,803 | -10.4% |
| Amounts payable after more than one year | 17 | €132,504 | €167,150 | +€34,646 | +26.1% |
| Financial debts | 170/4 | €132,504 | €127,347 | -€5,158 | -3.9% |
| Other amounts payable | 178/9 | - | €39,803 | +€39,803 | |
| Amounts payable within one year | 42/48 | €86,795 | €28,986 | -€57,809 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €50,530 | €18,389 | -€32,141 | -63.6% |
| Trade debts | 44 | €19,070 | €4,911 | -€14,159 | -74.2% |
| Suppliers | 440/4 | €19,070 | €4,911 | -€14,159 | -74.2% |
| Advances received on contracts in progress | 46 | €5,703 | €2,000 | -€3,703 | -64.9% |
| Taxes, remuneration and social security | 45 | €10,514 | €2,540 | -€7,974 | -75.8% |
| Taxes | 450/3 | €8,905 | €1,313 | -€7,593 | -85.3% |
| Remuneration and social security | 454/9 | €1,609 | €1,228 | -€381 | -23.7% |
| Other amounts payable | 47/48 | €978 | €1,147 | +€169 | +17.2% |
| Accrued charges and deferred income | 492/3 | - | €360 | +€360 | |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | €10,696 | €13,833 | +€3,136 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,131 | €13,229 | +€2,098 | +18.8% |
| Other operating charges | 640/8 | €1,304 | €1,007 | -€297 | -22.8% |
| Gross operating margin | 9900 | €45,656 | €41,056 | -€4,599 | -10.1% |
| Operating profit (loss) | 9901 | €22,524 | €12,988 | -€9,536 | -42.3% |
| Financial income | 75/76B | €41 | €31 | -€9 | -22.5% |
| Recurring financial income | 75 | €41 | €31 | -€9 | -22.5% |
| Financial charges | 65/66B | €3,042 | €6,704 | +€3,662 | +120% |
| Recurring financial charges | 65 | €3,042 | €6,704 | +€3,662 | +120% |
| Profit (loss) for the period before taxes | 9903 | €19,523 | €6,316 | -€13,207 | -67.7% |
| Income taxes | 67/77 | €2,561 | €2,368 | -€193 | -7.5% |
| Profit (loss) for the period | 9904 | €16,962 | €3,947 | -€13,015 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,962 | €3,947 | -€13,015 | -76.7% |
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 24 October 2026 via checked.be.