JV 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.
JV WOOD
Largest movements
- Tangible fixed assets -€13,565
down €13,565 (-58.8%), from €23,065 to €9,500
- Receivables within one year -€599
down €599 (-6.7%), from €8,986 to €8,387
of which Other amounts receivable: -€3,244
- Cash -€532
down €532 (-10.1%), from €5,252 to €4,720
mainly Net result for the year (-€16,179) and Debts after one year (-€11,696)
- Deferred charges and accrued income -€454
down €454 (-100%), from €454 to €0
- Profit (loss) carried forward -€16,179
down €16,179 (-171%), from -€9,452 to -€25,630
- Debts after one year -€11,696
down €11,696 (-100%), from €11,696 to €0
- Other debts +€10,017
new in 2025: €10,017
- Trade debts +€2,847
up €2,847 (+260%), from €1,094 to €3,941
- Gross operating margin -€7,043
down €7,043, from €6,421 to -€622
- Depreciation -€926
down €926 (-6.4%), from €14,491 to €13,565
- Other operating charges +€387
up €387 (+260%), from €149 to €536
- Staff costs +€108
up €108 (+42.5%), from €254 to €362
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 | €37,821 | €22,673 | -€15,149 | -40.1% |
| Fixed assets | 21/28 | €23,065 | €9,500 | -€13,565 | -58.8% |
| Tangible fixed assets | 22/27 | €23,065 | €9,500 | -€13,565 | -58.8% |
| Plant, machinery and equipment | 23 | €9,992 | €6,304 | -€3,688 | -36.9% |
| Furniture and vehicles | 24 | €3,738 | €207 | -€3,531 | -94.5% |
| Leasing and similar rights | 25 | €9,336 | €2,990 | -€6,346 | -68.0% |
| Current assets | 29/58 | €14,756 | €13,172 | -€1,584 | -10.7% |
| Amounts receivable within one year | 40/41 | €8,986 | €8,387 | -€599 | -6.7% |
| Trade receivables | 40 | €4,815 | €7,460 | +€2,645 | +54.9% |
| Other amounts receivable | 41 | €4,171 | €927 | -€3,244 | -77.8% |
| Current investments | 50/53 | €65 | €66 | +€0 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,252 | €4,720 | -€532 | -10.1% |
| Deferred charges and accrued income | 490/1 | €454 | €0 | -€454 | -100% |
| Total equity and liabilities | 10/49 | €37,821 | €22,673 | -€15,149 | -40.1% |
| Equity | 10/15 | €17,563 | €1,385 | -€16,179 | -92.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,415 | €8,415 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,515 | €1,515 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,515 | €1,515 | = | 0.0% |
| Distributable reserves | 133 | €6,900 | €6,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,452 | -€25,630 | -€16,179 | -171% |
| Amounts payable | 17/49 | €20,258 | €21,288 | +€1,030 | +5.1% |
| Amounts payable after more than one year | 17 | €11,696 | €0 | -€11,696 | -100% |
| Financial debts | 170/4 | €11,696 | €0 | -€11,696 | -100% |
| Amounts payable within one year | 42/48 | €8,563 | €21,288 | +€12,726 | +149% |
| Current portion of amounts payable after more than one year | 42 | €7,366 | €7,219 | -€147 | -2.0% |
| Trade debts | 44 | €1,094 | €3,941 | +€2,847 | +260% |
| Suppliers | 440/4 | €1,094 | €3,941 | +€2,847 | +260% |
| Taxes, remuneration and social security | 45 | €102 | €112 | +€9 | +8.9% |
| Taxes | 450/3 | €102 | €112 | +€9 | +8.9% |
| Other amounts payable | 47/48 | - | €10,017 | +€10,017 | |
| Remuneration, social security and pensions | 62 | €254 | €362 | +€108 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,491 | €13,565 | -€926 | -6.4% |
| Other operating charges | 640/8 | €149 | €536 | +€387 | +260% |
| Gross operating margin | 9900 | €6,421 | -€622 | -€7,043 | |
| Operating profit (loss) | 9901 | -€8,473 | -€15,085 | -€6,612 | -78.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €981 | €975 | -€6 | -0.6% |
| Recurring financial charges | 65 | €981 | €975 | -€6 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,454 | -€16,060 | -€6,606 | -69.9% |
| Income taxes | 67/77 | €111 | €119 | +€8 | +7.2% |
| Profit (loss) for the period | 9904 | -€9,565 | -€16,179 | -€6,614 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,565 | -€16,179 | -€6,614 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.