SOLID WOOD: what changed
Two fiscal 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.
SOLID WOOD
Largest movements
- Tangible fixed assets -€118,672
down €118,672 (-2.7%), from €4.5m to €4.3m
- Other debts -€200,000
down €200,000 (-60.6%), from €330,000 to €130,000
- Short-term financial debts -€144,000
down €144,000 (-100.0%), from €144,000 to €0
- Trade debts +€140,110
up €140,110 (+10724.4%), from €1,306 to €141,416
- Reserves +€109,460
up €109,460 (+99.7%), from €109,782 to €219,242
of which Tax-exempt reserves: +€109,460
- Profit (loss) carried forward +€99,788
up €99,788, from -€48,907 to €50,881
- Write-downs -€507,229
down €507,229, from €253,615 to -€253,615
- Gross operating margin -€267,063
down €267,063 (-45.8%), from €583,534 to €316,471
- Financial income +€164,017
new in 2025: €164,017
- Financial charges +€58,663
up €58,663 (+39.3%), from €149,108 to €207,771
- Taxes +€51,627
new in 2025: €51,627
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.
Cash bridge derived
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 | €4,544,614 | €4,483,292 | -€61,322 | -1.3% |
| Fixed assets | 21/28 | €4,465,100 | €4,346,428 | -€118,672 | -2.7% |
| Tangible fixed assets | 22/27 | €4,465,100 | €4,346,428 | -€118,672 | -2.7% |
| Land and buildings | 22 | €4,465,100 | €4,346,428 | -€118,672 | -2.7% |
| Current assets | 29/58 | €79,514 | €136,865 | +€57,350 | +72.1% |
| Amounts receivable within one year | 40/41 | €1,814 | €17,593 | +€15,779 | +870.0% |
| Trade receivables | 40 | €1,594 | €0 | -€1,594 | -100.0% |
| Other amounts receivable | 41 | €220 | €17,593 | +€17,373 | +7896.8% |
| Cash at bank and in hand | 54/58 | €44,201 | €85,772 | +€41,571 | +94.1% |
| Deferred charges and accrued income | 490/1 | €33,500 | €33,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,544,614 | €4,483,292 | -€61,322 | -1.3% |
| Equity | 10/15 | €727,542 | €936,790 | +€209,248 | +28.8% |
| Contributions | 10/11 | €666,667 | €666,667 | = | 0.0% |
| Reserves | 13 | €109,782 | €219,242 | +€109,460 | +99.7% |
| Tax-exempt reserves | 132 | - | €109,460 | +€109,460 | |
| Distributable reserves | 133 | €109,782 | €109,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,907 | €50,881 | +€99,788 | |
| Amounts payable | 17/49 | €3,817,072 | €3,546,502 | -€270,570 | -7.1% |
| Amounts payable after more than one year | 17 | €2,987,210 | €3,009,766 | +€22,556 | +0.8% |
| Financial debts | 170/4 | €2,987,210 | €3,009,766 | +€22,556 | +0.8% |
| Amounts payable within one year | 42/48 | €779,735 | €525,648 | -€254,087 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €287,144 | €254,232 | -€32,912 | -11.5% |
| Financial debts | 43 | €144,000 | €0 | -€144,000 | -100.0% |
| Credit institutions | 430/8 | €144,000 | €0 | -€144,000 | -100.0% |
| Trade debts | 44 | €1,306 | €141,416 | +€140,110 | +10724.4% |
| Suppliers | 440/4 | €1,306 | €141,416 | +€140,110 | +10724.4% |
| Taxes, remuneration and social security | 45 | €17,285 | €0 | -€17,285 | -100.0% |
| Taxes | 450/3 | €17,285 | €0 | -€17,285 | -100.0% |
| Other amounts payable | 47/48 | €330,000 | €130,000 | -€200,000 | -60.6% |
| Accrued charges and deferred income | 492/3 | €50,127 | €11,088 | -€39,038 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,070 | €206,072 | +€3,002 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €253,615 | -€253,615 | -€507,229 | |
| Other operating charges | 640/8 | €26,648 | €59,385 | +€32,737 | +122.9% |
| Gross operating margin | 9900 | €583,534 | €316,471 | -€267,063 | -45.8% |
| Operating profit (loss) | 9901 | €100,202 | €304,629 | +€204,427 | +204.0% |
| Financial income | 75/76B | - | €164,017 | +€164,017 | |
| Recurring financial income | 75 | - | €164,017 | +€164,017 | |
| Financial charges | 65/66B | €149,108 | €207,771 | +€58,663 | +39.3% |
| Recurring financial charges | 65 | €149,108 | €207,771 | +€58,663 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,907 | €260,875 | +€309,782 | |
| Income taxes | 67/77 | - | €51,627 | +€51,627 | |
| Profit (loss) for the period | 9904 | -€48,907 | €209,248 | +€258,155 | |
| Transfer to tax-exempt reserves | 689 | - | €109,460 | +€109,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,907 | €99,788 | +€148,695 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.