JV WOOD: what changed
JV WOOD
Largest movements
- Stocks and contracts +€36,174
up €36,174 (+1,155%), from €3,133 to €39,307
of which Contracts in progress: +€37,500
- Receivables within one year -€31,423
down €31,423 (-21.6%), from €145,226 to €113,803
of which Trade receivables: -€55,158
- Tangible fixed assets -€11,398
down €11,398 (-50.6%), from €22,528 to €11,130
of which Furniture and vehicles: -€6,136
- Cash +€3,062
up €3,062, from €0 to €3,062
mainly Receivables within one year (+€31,423) and Trade debts (+€13,943)
- Accrued charges and deferred income -€15,850
down €15,850 (-96.9%), from €16,356 to €505
- Trade debts +€13,943
up €13,943 (+28.4%), from €49,178 to €63,121
- Debts after one year -€13,442
down €13,442 (-50.4%), from €26,697 to €13,255
- Reserves +€4,062
up €4,062 (+8.5%), from €47,608 to €51,669
- Short-term financial debts +€3,492
up €3,492 (+22.9%), from €15,281 to €18,773
- Gross operating margin -€17,337
down €17,337 (-36.8%), from €47,117 to €29,780
- Staff costs +€6,945
new in 2025: €6,945
- Taxes -€4,791
down €4,791 (-69.5%), from €6,893 to €2,102
- Financial charges -€2,239
down €2,239 (-36.1%), from €6,204 to €3,965
- Financial income +€1,169
up €1,169 (+60.2%), from €1,942 to €3,111
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,913 | €170,768 | -€4,145 | -2.4% |
| Fixed assets | 21/28 | €24,358 | €11,976 | -€12,382 | -50.8% |
| Intangible fixed assets | 21 | €1,830 | €846 | -€984 | -53.8% |
| Tangible fixed assets | 22/27 | €22,528 | €11,130 | -€11,398 | -50.6% |
| Plant, machinery and equipment | 23 | €9,249 | €4,060 | -€5,189 | -56.1% |
| Furniture and vehicles | 24 | €12,754 | €6,618 | -€6,136 | -48.1% |
| Other tangible fixed assets | 26 | €524 | €451 | -€73 | -13.9% |
| Current assets | 29/58 | €150,555 | €158,792 | +€8,237 | +5.5% |
| Stocks and contracts in progress | 3 | €3,133 | €39,307 | +€36,174 | +1,155% |
| Stocks | 30/36 | €3,133 | €1,807 | -€1,326 | -42.3% |
| Contracts in progress | 37 | - | €37,500 | +€37,500 | |
| Amounts receivable within one year | 40/41 | €145,226 | €113,803 | -€31,423 | -21.6% |
| Trade receivables | 40 | €97,525 | €42,367 | -€55,158 | -56.6% |
| Other amounts receivable | 41 | €47,701 | €71,437 | +€23,735 | +49.8% |
| Cash at bank and in hand | 54/58 | €0 | €3,062 | +€3,062 | |
| Deferred charges and accrued income | 490/1 | €2,196 | €2,620 | +€423 | +19.3% |
| Total equity and liabilities | 10/49 | €174,913 | €170,768 | -€4,145 | -2.4% |
| Equity | 10/15 | €50,608 | €54,669 | +€4,062 | +8.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,608 | €51,669 | +€4,062 | +8.5% |
| Distributable reserves | 133 | €47,608 | €51,669 | +€4,062 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,305 | €116,098 | -€8,207 | -6.6% |
| Amounts payable after more than one year | 17 | €26,697 | €13,255 | -€13,442 | -50.4% |
| Financial debts | 170/4 | €26,697 | €13,255 | -€13,442 | -50.4% |
| Amounts payable within one year | 42/48 | €81,253 | €102,339 | +€21,086 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €9,101 | €10,525 | +€1,424 | +15.6% |
| Financial debts | 43 | €15,281 | €18,773 | +€3,492 | +22.9% |
| Credit institutions | 430/8 | €15,281 | €18,773 | +€3,492 | +22.9% |
| Trade debts | 44 | €49,178 | €63,121 | +€13,943 | +28.4% |
| Suppliers | 440/4 | €49,178 | €63,121 | +€13,943 | +28.4% |
| Taxes, remuneration and social security | 45 | €7,692 | €8,254 | +€562 | +7.3% |
| Taxes | 450/3 | €7,692 | €6,954 | -€738 | -9.6% |
| Remuneration and social security | 454/9 | - | €1,300 | +€1,300 | |
| Other amounts payable | 47/48 | €0 | €1,666 | +€1,666 | |
| Accrued charges and deferred income | 492/3 | €16,356 | €505 | -€15,850 | -96.9% |
| Remuneration, social security and pensions | 62 | - | €6,945 | +€6,945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,382 | €12,382 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,159 | €1,769 | +€610 | +52.6% |
| Gross operating margin | 9900 | €47,117 | €29,780 | -€17,337 | -36.8% |
| Operating profit (loss) | 9901 | €33,576 | €8,684 | -€24,892 | -74.1% |
| Financial income | 75/76B | €1,942 | €3,111 | +€1,169 | +60.2% |
| Recurring financial income | 75 | €1,942 | €3,111 | +€1,169 | +60.2% |
| Financial charges | 65/66B | €6,204 | €3,965 | -€2,239 | -36.1% |
| Recurring financial charges | 65 | €6,204 | €3,965 | -€2,239 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €29,313 | €7,830 | -€21,483 | -73.3% |
| Income taxes | 67/77 | €6,893 | €2,102 | -€4,791 | -69.5% |
| Profit (loss) for the period | 9904 | €22,420 | €5,728 | -€16,692 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,420 | €5,728 | -€16,692 | -74.5% |
Next steps
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 4 November 2026 via checked.be.