PLUS 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.
PLUS WOOD
Largest movements
- Cash +€79,537
up €79,537 (+32.5%), from €244,428 to €323,965
mainly Trade debts (+€80,904) and Current investments (+€19,408)
- Receivables within one year +€48,821
up €48,821 (+46.8%), from €104,427 to €153,248
of which Trade receivables: +€48,821
- Current investments -€19,408
down €19,408 (-35.1%), from €55,251 to €35,843
- Stocks and contracts -€13,180
down €13,180 (-28.9%), from €45,562 to €32,382
- Tangible fixed assets -€9,314
down €9,314 (-92.8%), from €10,034 to €721
of which Furniture and vehicles: -€9,314
- Trade debts +€80,904
up €80,904 (+77.8%), from €103,949 to €184,853
- Tax, wage and social debts +€11,170
up €11,170 (+60.7%), from €18,402 to €29,572
of which Remuneration and social security: +€9,461
- Purchases and services +€233,849
new in 2025: €233,849
- Depreciation -€6,144
down €6,144 (-94.0%), from €6,534 to €391
- Gross operating margin -€3,556
down €3,556 (-2.3%), from €155,632 to €152,075
- Staff costs +€2,216
up €2,216 (+1.5%), from €147,807 to €150,023
- Financial income -€1,917
down €1,917 (-11.2%), from €17,087 to €15,171
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 | €479,215 | €571,967 | +€92,752 | +19.4% |
| Fixed assets | 21/28 | €10,084 | €771 | -€9,314 | -92.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,034 | €721 | -€9,314 | -92.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,034 | €721 | -€9,314 | -92.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €469,131 | €571,196 | +€102,065 | +21.8% |
| Stocks and contracts in progress | 3 | €45,562 | €32,382 | -€13,180 | -28.9% |
| Stocks | 30/36 | €45,562 | €32,382 | -€13,180 | -28.9% |
| Amounts receivable within one year | 40/41 | €104,427 | €153,248 | +€48,821 | +46.8% |
| Trade receivables | 40 | €104,427 | €153,248 | +€48,821 | +46.8% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €55,251 | €35,843 | -€19,408 | -35.1% |
| Cash at bank and in hand | 54/58 | €244,428 | €323,965 | +€79,537 | +32.5% |
| Deferred charges and accrued income | 490/1 | €19,463 | €25,758 | +€6,295 | +32.3% |
| Total equity and liabilities | 10/49 | €479,215 | €571,967 | +€92,752 | +19.4% |
| Equity | 10/15 | €356,864 | €357,542 | +€678 | +0.2% |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Contributions outside capital | 11 | €280,000 | - | -€280,000 | |
| Share premium | 1100/10 | €280,000 | - | -€280,000 | |
| Reserves | 13 | €66,575 | €66,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,575 | €66,575 | = | 0.0% |
| Legal reserve | 130 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €66,575 | €66,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,289 | €10,967 | +€678 | +6.6% |
| Amounts payable | 17/49 | €122,351 | €214,425 | +€92,074 | +75.3% |
| Amounts payable within one year | 42/48 | €122,351 | €214,425 | +€92,074 | +75.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €103,949 | €184,853 | +€80,904 | +77.8% |
| Suppliers | 440/4 | €103,949 | €184,853 | +€80,904 | +77.8% |
| Taxes, remuneration and social security | 45 | €18,402 | €29,572 | +€11,170 | +60.7% |
| Taxes | 450/3 | €5,253 | €6,963 | +€1,709 | +32.5% |
| Remuneration and social security | 454/9 | €13,148 | €22,609 | +€9,461 | +72.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €233,849 | +€233,849 | |
| Remuneration, social security and pensions | 62 | €147,807 | €150,023 | +€2,216 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,534 | €391 | -€6,144 | -94.0% |
| Other operating charges | 640/8 | €384 | €197 | -€187 | -48.7% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | €155,632 | €152,075 | -€3,556 | -2.3% |
| Operating profit (loss) | 9901 | €906 | €1,465 | +€559 | +61.7% |
| Financial income | 75/76B | €17,087 | €15,171 | -€1,917 | -11.2% |
| Recurring financial income | 75 | €17,087 | €15,171 | -€1,917 | -11.2% |
| Financial charges | 65/66B | €15,671 | €14,078 | -€1,593 | -10.2% |
| Recurring financial charges | 65 | €15,671 | €14,078 | -€1,593 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €2,323 | €2,557 | +€235 | +10.1% |
| Income taxes | 67/77 | €2,126 | €1,880 | -€246 | -11.6% |
| Profit (loss) for the period | 9904 | €197 | €678 | +€480 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €197 | €678 | +€480 | +244% |
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 31 October 2026 via checked.be.