TRYWOOD: 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.
TRYWOOD
Largest movements
- Tangible fixed assets -€124,271
down €124,271 (-31.0%), from €401,001 to €276,730
of which Plant, machinery and equipment: -€94,078
- Receivables within one year -€21,166
down €21,166 (-95.6%), from €22,135 to €969
of which Trade receivables: -€21,412
- Cash +€7,145
up €7,145 (+101.8%), from €7,016 to €14,161
mainly Depreciation (+€125,919) and Receivables within one year (+€21,166)
- Profit (loss) carried forward -€88,185
down €88,185 (-69.1%), from -€127,580 to -€215,765
- Debts after one year -€37,237
down €37,237 (-10.9%), from €342,428 to €305,190
- Trade debts -€26,357
down €26,357 (-61.6%), from €42,768 to €16,411
- Other debts +€20,915
up €20,915 (+34.8%), from €60,033 to €80,948
- Current portion of long-term debt -€16,411
down €16,411 (-17.8%), from €92,053 to €75,642
- Gross operating margin -€97,626
down €97,626 (-66.8%), from €146,123 to €48,497
- Depreciation -€25,763
down €25,763 (-17.0%), from €151,682 to €125,919
- Financial charges -€18,214
down €18,214 (-63.8%), from €28,554 to €10,340
- Other operating charges -€11,014
down €11,014 (-95.4%), from €11,547 to €533
- Financial income -€2,355
down €2,355 (-95.5%), from €2,465 to €110
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 | €431,701 | €293,409 | -€138,292 | -32.0% |
| Fixed assets | 21/28 | €402,550 | €278,279 | -€124,271 | -30.9% |
| Tangible fixed assets | 22/27 | €401,001 | €276,730 | -€124,271 | -31.0% |
| Plant, machinery and equipment | 23 | €315,852 | €221,775 | -€94,078 | -29.8% |
| Furniture and vehicles | 24 | €85,149 | €54,955 | -€30,194 | -35.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,549 | €1,549 | = | 0.0% |
| Current assets | 29/58 | €29,151 | €15,130 | -€14,021 | -48.1% |
| Amounts receivable within one year | 40/41 | €22,135 | €969 | -€21,166 | -95.6% |
| Trade receivables | 40 | €21,412 | €0 | -€21,412 | -100.0% |
| Other amounts receivable | 41 | €723 | €969 | +€246 | +34.0% |
| Cash at bank and in hand | 54/58 | €7,016 | €14,161 | +€7,145 | +101.8% |
| Total equity and liabilities | 10/49 | €431,701 | €293,409 | -€138,292 | -32.0% |
| Equity | 10/15 | -€105,580 | -€193,765 | -€88,185 | -83.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,580 | -€215,765 | -€88,185 | -69.1% |
| Amounts payable | 17/49 | €537,281 | €487,174 | -€50,108 | -9.3% |
| Amounts payable after more than one year | 17 | €342,428 | €305,190 | -€37,237 | -10.9% |
| Financial debts | 170/4 | €342,428 | €305,190 | -€37,237 | -10.9% |
| Amounts payable within one year | 42/48 | €194,854 | €181,984 | -€12,870 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €92,053 | €75,642 | -€16,411 | -17.8% |
| Trade debts | 44 | €42,768 | €16,411 | -€26,357 | -61.6% |
| Suppliers | 440/4 | €42,768 | €16,411 | -€26,357 | -61.6% |
| Advances received on contracts in progress | 46 | - | €8,982 | +€8,982 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €60,033 | €80,948 | +€20,915 | +34.8% |
| Remuneration, social security and pensions | 62 | €161 | €0 | -€161 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,682 | €125,919 | -€25,763 | -17.0% |
| Other operating charges | 640/8 | €11,547 | €533 | -€11,014 | -95.4% |
| Gross operating margin | 9900 | €146,123 | €48,497 | -€97,626 | -66.8% |
| Operating profit (loss) | 9901 | -€17,267 | -€77,955 | -€60,687 | -351.5% |
| Financial income | 75/76B | €2,465 | €110 | -€2,355 | -95.5% |
| Recurring financial income | 75 | €2,465 | €110 | -€2,355 | -95.5% |
| Financial charges | 65/66B | €28,554 | €10,340 | -€18,214 | -63.8% |
| Recurring financial charges | 65 | €28,554 | €10,340 | -€18,214 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,356 | -€88,185 | -€44,828 | -103.4% |
| Profit (loss) for the period | 9904 | -€43,356 | -€88,185 | -€44,828 | -103.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,356 | -€88,185 | -€44,828 | -103.4% |
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 10 October 2026 via checked.be.