NF 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.
What changed
NF WOOD
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€221,490
2024 · -€413,913+€635,404
Equity
-€93,587
2024 · -€314,077+€220,490
Cash
€3,205
2024 · €11,553-€8,348
Balance sheet total
€1.5m
2024 · €1.5m-€59,699
Largest movements
Assets
- Tangible fixed assets -€42,169
down €42,169 (-6.4%), from €663,150 to €620,981
of which Land and buildings: -€34,973
Equity and liabilities
- Debts after one year +€329,936
up €329,936 (+53.8%), from €613,290 to €943,227
- Short-term financial debts -€304,090
down €304,090 (-48.2%), from €631,267 to €327,177
- Reserves +€225,279
up €225,279 (+196%), from €115,150 to €340,429
of which Tax-exempt reserves: +€225,279
- Trade debts -€207,372
down €207,372 (-57.3%), from €361,599 to €154,227
- Current portion of long-term debt -€94,110
down €94,110 (-48.2%), from €195,153 to €101,043
Income statement
- Gross operating margin +€259,326
up €259,326 (+1,408%), from €18,416 to €277,743
- Write-downs -€146,488
down €146,488, from €73,244 to -€73,244
- Financial charges -€53,965
down €53,965 (-41.4%), from €130,506 to €76,541
of which Non-recurring financial charges: -€30,701
- Other operating charges -€5,620
down €5,620 (-76.2%), from €7,374 to €1,754
- Staff costs +€4,179
up €4,179 (+152%), from €2,752 to €6,931
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.
Result 2024
-€413,913
Gross operating margin
+€259,326
Staff costs
-€4,179
Depreciation
-€1,553
Write-downs
+€146,488
Other operating charges
+€5,620
Other operating items
+€176,880
Financial income
-€1,136
Financial charges
+€53,965
Taxes
-€8
Result 2025
€221,490
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€64,153
Investment
-€3,236
Financing
-€69,264
Cash 2024
€11,553
From operations (derived)
+€64,153
Net result for the year
+€221,490
Depreciation
+€47,405
Stocks and contracts
+€1,861
Receivables within one year
+€11,275
Deferred charges and accrued income
-€5,954
Trade debts
-€207,372
Tax, wage and social debts
+€2,374
Other debts
+€1,000
Accrued charges and deferred income
-€7,928
Investment (derived)
-€3,236
Investment in fixed assets (net)
-€3,236
Financing
-€69,264
Debts after one year
+€329,936
Current portion of long-term debt
-€94,110
Short-term financial debts
-€304,090
Contributions, distributions and other
-€1,000
Cash 2025
€3,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,535,848 | €1,476,149 | -€59,699 | -3.9% |
| Fixed assets | 21/28 | €669,117 | €624,948 | -€44,169 | -6.6% |
| Intangible fixed assets | 21 | €5,167 | €3,167 | -€2,000 | -38.7% |
| Tangible fixed assets | 22/27 | €663,150 | €620,981 | -€42,169 | -6.4% |
| Land and buildings | 22 | €642,443 | €607,470 | -€34,973 | -5.4% |
| Plant, machinery and equipment | 23 | €7,343 | €6,368 | -€975 | -13.3% |
| Furniture and vehicles | 24 | €13,365 | €7,143 | -€6,222 | -46.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €866,731 | €851,201 | -€15,530 | -1.8% |
| Stocks and contracts in progress | 3 | €451,392 | €449,530 | -€1,861 | -0.4% |
| Stocks | 30/36 | €451,392 | €449,530 | -€1,861 | -0.4% |
| Amounts receivable within one year | 40/41 | €392,427 | €381,152 | -€11,275 | -2.9% |
| Trade receivables | 40 | €306,141 | €285,780 | -€20,361 | -6.7% |
| Other amounts receivable | 41 | €86,286 | €95,372 | +€9,086 | +10.5% |
| Cash at bank and in hand | 54/58 | €11,553 | €3,205 | -€8,348 | -72.3% |
| Deferred charges and accrued income | 490/1 | €11,360 | €17,314 | +€5,954 | +52.4% |
| Total equity and liabilities | 10/49 | €1,535,848 | €1,476,149 | -€59,699 | -3.9% |
| Equity | 10/15 | -€314,077 | -€93,587 | +€220,490 | +70.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €115,150 | €340,429 | +€225,279 | +196% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €225,279 | +€225,279 | |
| Distributable reserves | 133 | €109,000 | €109,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€505,727 | -€509,516 | -€3,789 | -0.7% |
| Investment grants | 15 | €15,000 | €14,000 | -€1,000 | -6.7% |
| Provisions and deferred taxes | 16 | €1 | €1 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1 | €1 | = | 0.0% |
| Environmental obligations | 163 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €1,849,924 | €1,569,735 | -€280,190 | -15.1% |
| Amounts payable after more than one year | 17 | €613,290 | €943,227 | +€329,936 | +53.8% |
| Financial debts | 170/4 | €613,290 | €943,227 | +€329,936 | +53.8% |
| Amounts payable within one year | 42/48 | €1,224,751 | €622,553 | -€602,198 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €195,153 | €101,043 | -€94,110 | -48.2% |
| Financial debts | 43 | €631,267 | €327,177 | -€304,090 | -48.2% |
| Credit institutions | 430/8 | €631,267 | €327,177 | -€304,090 | -48.2% |
| Trade debts | 44 | €361,599 | €154,227 | -€207,372 | -57.3% |
| Suppliers | 440/4 | €361,599 | €154,227 | -€207,372 | -57.3% |
| Taxes, remuneration and social security | 45 | €3,120 | €5,494 | +€2,374 | +76.1% |
| Taxes | 450/3 | €2,639 | €1,100 | -€1,539 | -58.3% |
| Remuneration and social security | 454/9 | €481 | €4,394 | +€3,913 | +813% |
| Other amounts payable | 47/48 | €33,613 | €34,613 | +€1,000 | +3.0% |
| Accrued charges and deferred income | 492/3 | €11,883 | €3,955 | -€7,928 | -66.7% |
| Non-recurring operating income | 76A | - | €225,279 | +€225,279 | |
| Remuneration, social security and pensions | 62 | €2,752 | €6,931 | +€4,179 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,853 | €47,405 | +€1,553 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €73,244 | -€73,244 | -€146,488 | |
| Other operating charges | 640/8 | €7,374 | €1,754 | -€5,620 | -76.2% |
| Non-recurring operating charges | 66A | €176,880 | - | -€176,880 | |
| Gross operating margin | 9900 | €18,416 | €277,743 | +€259,326 | +1,408% |
| Operating profit (loss) | 9901 | -€287,687 | €294,896 | +€582,582 | |
| Financial income | 75/76B | €4,412 | €3,276 | -€1,136 | -25.8% |
| Recurring financial income | 75 | €4,412 | €3,276 | -€1,136 | -25.8% |
| Financial charges | 65/66B | €130,506 | €76,541 | -€53,965 | -41.4% |
| Recurring financial charges | 65 | €99,805 | €76,541 | -€23,265 | -23.3% |
| Non-recurring financial charges | 66B | €30,701 | - | -€30,701 | |
| Profit (loss) for the period before taxes | 9903 | -€413,780 | €221,631 | +€635,411 | |
| Income taxes | 67/77 | €133 | €141 | +€8 | +5.9% |
| Profit (loss) for the period | 9904 | -€413,913 | €221,490 | +€635,404 | |
| Transfer to tax-exempt reserves | 689 | - | €225,279 | +€225,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€413,913 | -€3,789 | +€410,124 | +99.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.