STRUCTUREWOOD: 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.
What changed
STRUCTUREWOOD
NACE 16.230, Manufacture of other builders' carpentry and joinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€114,143
2024 · €343,451-€229,308
Equity
€13.0m
2024 · €13.0m+€37,087
Cash
€209,934
2024 · €448+€209,486
Balance sheet total
€21.0m
2024 · €20.3m+€648,069
Largest movements
Assets
- Receivables within one year -€2.5m
down €2.5m (-26.7%), from €9.4m to €6.9m
of which Other amounts receivable: -€2.6m
- Stocks and contracts +€1.6m
up €1.6m (+47.2%), from €3.3m to €4.9m
- Tangible fixed assets +€1.4m
up €1.4m (+19.6%), from €7.3m to €8.7m
of which Assets under construction and advance payments: +€1.5m
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+48.3%), from €2.3m to €3.4m
- Debts after one year -€514,514
down €514,514 (-17.2%), from €3.0m to €2.5m
- Profit (loss) carried forward +€345,059
up €345,059 (+3.3%), from €10.6m to €10.9m
- Reserves -€230,916
down €230,916 (-17.3%), from €1.3m to €1.1m
of which Tax-exempt reserves: -€230,916
Income statement
- Goods and materials +€2.2m
up €2.2m (+15.2%), from €14.5m to €16.8m
of which Purchases: +€2.8m
- Turnover +€1.7m
up €1.7m (+7.6%), from €22.6m to €24.3m
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
€343,451
Turnover
+€1.7m
Other operating income
-€88,511
Goods and materials
-€2.2m
Services and other goods
-€84,178
Staff costs
-€109,612
Depreciation
-€27,951
Write-downs
-€61,630
Other operating charges
-€660
Other operating items
+€690,831
Financial income
-€119,809
Financial charges
-€4,101
Taxes
+€86,494
Deferred taxes and other
-€8,879
Result 2025
€114,143
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.
From operations
+€3.3m
Investment
-€2.5m
Financing
-€635,084
Cash 2024
€448
From operations (derived)
+€3.3m
Net result for the year
+€114,143
Depreciation
+€1.1m
Stocks and contracts
-€1.6m
Receivables within one year
+€2.5m
Deferred charges and accrued income
-€2,385
Provisions
-€76,972
Trade debts
+€1.1m
Tax, wage and social debts
-€53,412
Advances received
+€177,435
Accrued charges and deferred income
+€9,877
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
-€635,084
Debts after one year
-€514,514
Current portion of long-term debt
-€43,513
Contributions, distributions and other
-€77,056
Cash 2025
€209,934
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,330,675 | €20,978,744 | +€648,069 | +3.2% |
| Fixed assets | 21/28 | €7,563,146 | €8,959,539 | +€1.4m | +18.5% |
| Intangible fixed assets | 21 | €216,599 | €168,466 | -€48,133 | -22.2% |
| Tangible fixed assets | 22/27 | €7,314,134 | €8,748,984 | +€1.4m | +19.6% |
| Land and buildings | 22 | €1,616,953 | €1,975,960 | +€359,007 | +22.2% |
| Plant, machinery and equipment | 23 | €1,190,028 | €1,105,727 | -€84,301 | -7.1% |
| Furniture and vehicles | 24 | €39,737 | €36,418 | -€3,319 | -8.4% |
| Leasing and similar rights | 25 | €3,277,784 | €2,895,430 | -€382,354 | -11.7% |
| Assets under construction and advance payments | 27 | €1,189,631 | €2,735,449 | +€1.5m | +129.9% |
| Financial fixed assets | 28 | €32,414 | €42,089 | +€9,675 | +29.8% |
| Other financial fixed assets | 284/8 | €32,414 | €42,089 | +€9,675 | +29.8% |
| Amounts receivable and cash guarantees | 285/8 | €32,414 | €42,089 | +€9,675 | +29.8% |
| Current assets | 29/58 | €12,767,529 | €12,019,206 | -€748,323 | -5.9% |
| Stocks and contracts in progress | 3 | €3,295,517 | €4,851,406 | +€1.6m | +47.2% |
| Stocks | 30/36 | €3,295,517 | €4,851,406 | +€1.6m | +47.2% |
| Raw materials and consumables | 30/31 | €2,593,049 | €3,594,658 | +€1.0m | +38.6% |
| Work in progress | 32 | €109,373 | €283,492 | +€174,119 | +159.2% |
| Finished goods | 33 | €593,095 | €973,256 | +€380,161 | +64.1% |
| Amounts receivable within one year | 40/41 | €9,418,713 | €6,902,629 | -€2.5m | -26.7% |
| Trade receivables | 40 | €3,714,992 | €3,775,675 | +€60,683 | +1.6% |
| Other amounts receivable | 41 | €5,703,721 | €3,126,954 | -€2.6m | -45.2% |
| Cash at bank and in hand | 54/58 | €448 | €209,934 | +€209,486 | +46716.4% |
| Deferred charges and accrued income | 490/1 | €52,851 | €55,236 | +€2,385 | +4.5% |
| Total equity and liabilities | 10/49 | €20,330,675 | €20,978,744 | +€648,069 | +3.2% |
| Equity | 10/15 | €12,969,601 | €13,006,688 | +€37,087 | +0.3% |
| Contributions | 10/11 | €691,000 | €691,000 | = | 0.0% |
| Capital | 10 | €691,000 | €691,000 | = | 0.0% |
| Issued capital | 100 | €691,000 | €691,000 | = | 0.0% |
| Reserves | 13 | €1,334,845 | €1,103,929 | -€230,916 | -17.3% |
| Non-distributable reserves | 130/1 | €69,100 | €69,100 | = | 0.0% |
| Legal reserve | 130 | €69,100 | €69,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,265,745 | €1,034,829 | -€230,916 | -18.2% |
| Profit (loss) carried forward | 14 | €10,557,797 | €10,902,855 | +€345,059 | +3.3% |
| Investment grants | 15 | €385,959 | €308,903 | -€77,056 | -20.0% |
| Provisions and deferred taxes | 16 | €421,915 | €344,943 | -€76,972 | -18.2% |
| Deferred taxes | 168 | €421,915 | €344,943 | -€76,972 | -18.2% |
| Amounts payable | 17/49 | €6,939,160 | €7,627,114 | +€687,954 | +9.9% |
| Amounts payable after more than one year | 17 | €2,992,455 | €2,477,940 | -€514,514 | -17.2% |
| Financial debts | 170/4 | €2,992,455 | €2,477,940 | -€514,514 | -17.2% |
| Leasing and similar obligations | 172 | €2,513,756 | €2,078,026 | -€435,730 | -17.3% |
| Other loans | 174 | €478,699 | €399,914 | -€78,785 | -16.5% |
| Amounts payable within one year | 42/48 | €3,920,171 | €5,112,762 | +€1.2m | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €849,504 | €805,990 | -€43,513 | -5.1% |
| Trade debts | 44 | €2,304,342 | €3,416,423 | +€1.1m | +48.3% |
| Suppliers | 440/4 | €2,304,342 | €3,416,423 | +€1.1m | +48.3% |
| Advances received on contracts in progress | 46 | €172,569 | €350,004 | +€177,435 | +102.8% |
| Taxes, remuneration and social security | 45 | €593,757 | €540,344 | -€53,412 | -9.0% |
| Taxes | 450/3 | €122,775 | €78,146 | -€44,629 | -36.4% |
| Remuneration and social security | 454/9 | €470,982 | €462,199 | -€8,783 | -1.9% |
| Accrued charges and deferred income | 492/3 | €26,534 | €36,412 | +€9,877 | +37.2% |
| Operating income | 70/76A | €23,319,809 | €25,129,962 | +€1.8m | +7.8% |
| Turnover | 70 | €22,556,304 | €24,266,636 | +€1.7m | +7.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €233,599 | €554,280 | +€320,682 | +137.3% |
| Own construction capitalised | 72 | €217,465 | €85,115 | -€132,350 | -60.9% |
| Other operating income | 74 | €312,442 | €223,931 | -€88,511 | -28.3% |
| Operating charges | 60/66A | €23,190,462 | €25,183,627 | +€2.0m | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €14,545,711 | €16,757,345 | +€2.2m | +15.2% |
| Purchases | 600/8 | €14,922,778 | €17,758,959 | +€2.8m | +19.0% |
| Change in stocks: decrease (increase) | 609 | -€377,067 | -€1,001,614 | -€624,547 | -165.6% |
| Services and other goods | 61 | €3,655,540 | €3,739,718 | +€84,178 | +2.3% |
| Remuneration, social security and pensions | 62 | €3,454,814 | €3,564,427 | +€109,612 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075,773 | €1,103,725 | +€27,951 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,625 | €5 | +€61,630 | |
| Other operating charges | 640/8 | €17,747 | €18,408 | +€660 | +3.7% |
| Non-recurring operating charges | 66A | €502,500 | - | -€502,500 | |
| Operating profit (loss) | 9901 | €129,347 | -€53,665 | -€183,013 | |
| Financial income | 75/76B | €494,104 | €374,295 | -€119,809 | -24.2% |
| Recurring financial income | 75 | €494,104 | €374,295 | -€119,809 | -24.2% |
| Income from current assets | 751 | €395,794 | €229,252 | -€166,543 | -42.1% |
| Other financial income | 752/9 | €98,310 | €145,043 | +€46,733 | +47.5% |
| Financial charges | 65/66B | €165,403 | €169,504 | +€4,101 | +2.5% |
| Recurring financial charges | 65 | €165,403 | €169,504 | +€4,101 | +2.5% |
| Debt charges | 650 | €112,542 | €104,525 | -€8,017 | -7.1% |
| Other financial charges | 652/9 | €52,861 | €64,979 | +€12,117 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €458,048 | €151,126 | -€306,923 | -67.0% |
| Transfer from deferred taxes | 780 | €85,851 | €76,972 | -€8,879 | -10.3% |
| Income taxes | 67/77 | €200,449 | €113,955 | -€86,494 | -43.2% |
| Taxes | 670/3 | €200,449 | €113,955 | -€86,494 | -43.2% |
| Profit (loss) for the period | 9904 | €343,451 | €114,143 | -€229,308 | -66.8% |
| Transfer from tax-exempt reserves | 789 | €257,554 | €230,916 | -€26,638 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €601,005 | €345,059 | -€255,946 | -42.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.