PL & WOOD: what changed
PL & WOOD
Largest movements
- Cash +€17,336
up €17,336 (+77.8%), from €22,285 to €39,621
mainly Net result for the year (+€14,125) and Depreciation (+€5,150)
- Tangible fixed assets -€5,150
down €5,150 (-68.2%), from €7,548 to €2,397
- Receivables within one year -€4,588
down €4,588 (-70.4%), from €6,518 to €1,929
of which Other amounts receivable: -€2,812
- Deferred charges and accrued income +€1,728
up €1,728 (+281%), from €615 to €2,343
- Reserves +€14,125
up €14,125 (+53.8%), from €26,250 to €40,375
- Other debts -€6,920
down €6,920 (-78.6%), from €8,798 to €1,879
- Tax, wage and social debts +€3,533
new in 2025: €3,533
- Current portion of long-term debt -€1,386
no longer reported in 2025 (was €1,386)
- Gross operating margin +€16,606
up €16,606 (+152%), from €10,947 to €27,554
- Taxes +€6,626
up €6,626 (+938%), from €706 to €7,333
- Depreciation -€3,278
down €3,278 (-38.9%), from €8,428 to €5,150
- Financial charges -€791
down €791 (-83.8%), from €944 to €153
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 | €36,965 | €46,290 | +€9,325 | +25.2% |
| Fixed assets | 21/28 | €7,548 | €2,397 | -€5,150 | -68.2% |
| Tangible fixed assets | 22/27 | €7,548 | €2,397 | -€5,150 | -68.2% |
| Furniture and vehicles | 24 | €7,548 | €2,397 | -€5,150 | -68.2% |
| Current assets | 29/58 | €29,417 | €43,893 | +€14,476 | +49.2% |
| Amounts receivable within one year | 40/41 | €6,518 | €1,929 | -€4,588 | -70.4% |
| Trade receivables | 40 | €1,776 | - | -€1,776 | |
| Other amounts receivable | 41 | €4,741 | €1,929 | -€2,812 | -59.3% |
| Cash at bank and in hand | 54/58 | €22,285 | €39,621 | +€17,336 | +77.8% |
| Deferred charges and accrued income | 490/1 | €615 | €2,343 | +€1,728 | +281% |
| Total equity and liabilities | 10/49 | €36,965 | €46,290 | +€9,325 | +25.2% |
| Equity | 10/15 | €26,422 | €40,547 | +€14,125 | +53.5% |
| Reserves | 13 | €26,250 | €40,375 | +€14,125 | +53.8% |
| Distributable reserves | 133 | €26,250 | €40,375 | +€14,125 | +53.8% |
| Profit (loss) carried forward | 14 | €172 | €172 | = | 0.0% |
| Amounts payable | 17/49 | €10,543 | €5,744 | -€4,799 | -45.5% |
| Amounts payable within one year | 42/48 | €10,543 | €5,744 | -€4,799 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €1,386 | - | -€1,386 | |
| Trade debts | 44 | €359 | €332 | -€26 | -7.4% |
| Suppliers | 440/4 | €359 | €332 | -€26 | -7.4% |
| Taxes, remuneration and social security | 45 | - | €3,533 | +€3,533 | |
| Taxes | 450/3 | - | €3,533 | +€3,533 | |
| Other amounts payable | 47/48 | €8,798 | €1,879 | -€6,920 | -78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,428 | €5,150 | -€3,278 | -38.9% |
| Other operating charges | 640/8 | €761 | €794 | +€32 | +4.2% |
| Gross operating margin | 9900 | €10,947 | €27,554 | +€16,606 | +152% |
| Operating profit (loss) | 9901 | €1,758 | €21,610 | +€19,852 | +1,129% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €944 | €153 | -€791 | -83.8% |
| Recurring financial charges | 65 | €944 | €153 | -€791 | -83.8% |
| Profit (loss) for the period before taxes | 9903 | €879 | €21,457 | +€20,579 | +2,342% |
| Income taxes | 67/77 | €706 | €7,333 | +€6,626 | +938% |
| Profit (loss) for the period | 9904 | €172 | €14,125 | +€13,953 | +8,106% |
| Profit (loss) for the period to be appropriated | 9905 | €172 | €14,125 | +€13,953 | +8,106% |
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 5 November 2026 via checked.be.