WOOD-B: 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.
WOOD-B
Largest movements
- Tangible fixed assets +€271,485
up €271,485 (+97.1%), from €279,700 to €551,185
of which Plant, machinery and equipment: +€140,634
- Receivables within one year -€136,064
down €136,064 (-51.8%), from €262,632 to €126,568
of which Trade receivables: -€164,790
- Cash -€53,170
down €53,170 (-26.2%), from €202,970 to €149,800
mainly Investment in fixed assets (net) (-€333,179) and Other debts (-€54,665)
- Debts after one year +€114,577
up €114,577 (+83.0%), from €138,098 to €252,675
- Other debts -€54,665
down €54,665 (-74.0%), from €73,870 to €19,206
- Current portion of long-term debt +€20,760
up €20,760 (+106%), from €19,506 to €40,266
- Trade debts -€18,829
down €18,829 (-20.9%), from €90,000 to €71,172
- Advances received +€9,853
up €9,853, from €0 to €9,853
- Gross operating margin -€149,221
down €149,221 (-38.4%), from €388,790 to €239,569
- Taxes -€51,331
down €51,331 (-99.1%), from €51,796 to €465
- Depreciation +€7,992
up €7,992 (+15.7%), from €50,824 to €58,816
- Staff costs +€5,179
up €5,179 (+3.3%), from €159,200 to €164,379
- Financial charges +€4,647
up €4,647 (+94.3%), from €4,931 to €9,578
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 | €787,413 | €865,022 | +€77,609 | +9.9% |
| Fixed assets | 21/28 | €281,392 | €555,755 | +€274,363 | +97.5% |
| Intangible fixed assets | 21 | €1,557 | €4,435 | +€2,878 | +185% |
| Tangible fixed assets | 22/27 | €279,700 | €551,185 | +€271,485 | +97.1% |
| Land and buildings | 22 | €180,260 | €200,168 | +€19,909 | +11.0% |
| Plant, machinery and equipment | 23 | €41,139 | €181,773 | +€140,634 | +342% |
| Furniture and vehicles | 24 | €58,301 | €169,243 | +€110,942 | +190% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €506,021 | €309,267 | -€196,754 | -38.9% |
| Stocks and contracts in progress | 3 | €40,104 | €32,585 | -€7,520 | -18.8% |
| Stocks | 30/36 | €33,474 | €32,585 | -€890 | -2.7% |
| Contracts in progress | 37 | €6,630 | €0 | -€6,630 | -100% |
| Amounts receivable within one year | 40/41 | €262,632 | €126,568 | -€136,064 | -51.8% |
| Trade receivables | 40 | €235,266 | €70,476 | -€164,790 | -70.0% |
| Other amounts receivable | 41 | €27,366 | €56,092 | +€28,726 | +105% |
| Cash at bank and in hand | 54/58 | €202,970 | €149,800 | -€53,170 | -26.2% |
| Deferred charges and accrued income | 490/1 | €315 | €315 | = | 0.0% |
| Total equity and liabilities | 10/49 | €787,413 | €865,022 | +€77,609 | +9.9% |
| Equity | 10/15 | €422,056 | €425,389 | +€3,333 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,456 | €406,789 | +€3,333 | +0.8% |
| Distributable reserves | 133 | €403,456 | €406,789 | +€3,333 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €365,357 | €439,634 | +€74,277 | +20.3% |
| Amounts payable after more than one year | 17 | €138,098 | €252,675 | +€114,577 | +83.0% |
| Financial debts | 170/4 | €138,098 | €252,675 | +€114,577 | +83.0% |
| Amounts payable within one year | 42/48 | €223,170 | €179,574 | -€43,595 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €19,506 | €40,266 | +€20,760 | +106% |
| Trade debts | 44 | €90,000 | €71,172 | -€18,829 | -20.9% |
| Suppliers | 440/4 | €90,000 | €71,172 | -€18,829 | -20.9% |
| Advances received on contracts in progress | 46 | €0 | €9,853 | +€9,853 | |
| Taxes, remuneration and social security | 45 | €39,793 | €39,077 | -€716 | -1.8% |
| Taxes | 450/3 | €22,461 | €16,707 | -€5,754 | -25.6% |
| Remuneration and social security | 454/9 | €17,332 | €22,371 | +€5,039 | +29.1% |
| Other amounts payable | 47/48 | €73,870 | €19,206 | -€54,665 | -74.0% |
| Accrued charges and deferred income | 492/3 | €4,089 | €7,384 | +€3,295 | +80.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €159,200 | €164,379 | +€5,179 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,824 | €58,816 | +€7,992 | +15.7% |
| Other operating charges | 640/8 | €6,466 | €4,040 | -€2,426 | -37.5% |
| Gross operating margin | 9900 | €388,790 | €239,569 | -€149,221 | -38.4% |
| Operating profit (loss) | 9901 | €172,301 | €12,334 | -€159,967 | -92.8% |
| Financial income | 75/76B | €847 | €1,042 | +€195 | +23.0% |
| Recurring financial income | 75 | €847 | €1,042 | +€195 | +23.0% |
| Financial charges | 65/66B | €4,931 | €9,578 | +€4,647 | +94.3% |
| Recurring financial charges | 65 | €4,931 | €9,578 | +€4,647 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €168,217 | €3,798 | -€164,419 | -97.7% |
| Income taxes | 67/77 | €51,796 | €465 | -€51,331 | -99.1% |
| Profit (loss) for the period | 9904 | €116,421 | €3,333 | -€113,088 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,421 | €3,333 | -€113,088 | -97.1% |
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 30 October 2026 via checked.be.