WOOD CHIPS: 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 CHIPS
Largest movements
- Receivables within one year -€105,242
down €105,242 (-54.3%), from €193,978 to €88,736
of which Trade receivables: -€127,795
- Cash -€8,210
down €8,210 (-37.4%), from €21,948 to €13,738
mainly Trade debts (-€109,374) and Other debts (-€10,564)
- Stocks and contracts +€3,864
up €3,864 (+23.9%), from €16,162 to €20,026
of which Contracts in progress: +€4,519
- Trade debts -€109,374
down €109,374 (-67.8%), from €161,355 to €51,981
- Other debts -€10,564
down €10,564 (-44.2%), from €23,911 to €13,347
- Profit (loss) carried forward +€7,789
up €7,789 (+29.8%), from €26,098 to €33,887
- Gross operating margin -€47,445
down €47,445 (-27.9%), from €170,008 to €122,563
- Staff costs -€9,335
down €9,335 (-10.3%), from €90,199 to €80,864
- Depreciation -€2,162
down €2,162 (-24.0%), from €9,000 to €6,838
- Taxes -€1,875
down €1,875 (-24.2%), from €7,748 to €5,873
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,022 | €137,429 | -€111,594 | -44.8% |
| Fixed assets | 21/28 | €16,622 | €14,468 | -€2,154 | -13.0% |
| Tangible fixed assets | 22/27 | €14,436 | €12,282 | -€2,154 | -14.9% |
| Plant, machinery and equipment | 23 | €9,788 | €5,696 | -€4,092 | -41.8% |
| Furniture and vehicles | 24 | €3,887 | €6,015 | +€2,128 | +54.7% |
| Other tangible fixed assets | 26 | €761 | €571 | -€190 | -25.0% |
| Financial fixed assets | 28 | €2,186 | €2,186 | = | 0.0% |
| Current assets | 29/58 | €232,400 | €122,961 | -€109,439 | -47.1% |
| Stocks and contracts in progress | 3 | €16,162 | €20,026 | +€3,864 | +23.9% |
| Stocks | 30/36 | €7,183 | €6,528 | -€655 | -9.1% |
| Contracts in progress | 37 | €8,979 | €13,498 | +€4,519 | +50.3% |
| Amounts receivable within one year | 40/41 | €193,978 | €88,736 | -€105,242 | -54.3% |
| Trade receivables | 40 | €182,122 | €54,328 | -€127,795 | -70.2% |
| Other amounts receivable | 41 | €11,856 | €34,408 | +€22,552 | +190% |
| Cash at bank and in hand | 54/58 | €21,948 | €13,738 | -€8,210 | -37.4% |
| Deferred charges and accrued income | 490/1 | €312 | €461 | +€149 | +47.7% |
| Total equity and liabilities | 10/49 | €249,022 | €137,429 | -€111,594 | -44.8% |
| Equity | 10/15 | €48,958 | €56,747 | +€7,789 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,260 | €4,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,098 | €33,887 | +€7,789 | +29.8% |
| Amounts payable | 17/49 | €200,064 | €80,681 | -€119,383 | -59.7% |
| Amounts payable within one year | 42/48 | €200,064 | €80,681 | -€119,383 | -59.7% |
| Trade debts | 44 | €161,355 | €51,981 | -€109,374 | -67.8% |
| Suppliers | 440/4 | €161,355 | €51,981 | -€109,374 | -67.8% |
| Taxes, remuneration and social security | 45 | €14,798 | €15,353 | +€555 | +3.7% |
| Taxes | 450/3 | €11,060 | €12,430 | +€1,371 | +12.4% |
| Remuneration and social security | 454/9 | €3,739 | €2,923 | -€816 | -21.8% |
| Other amounts payable | 47/48 | €23,911 | €13,347 | -€10,564 | -44.2% |
| Remuneration, social security and pensions | 62 | €90,199 | €80,864 | -€9,335 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €6,838 | -€2,162 | -24.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,404 | €1,823 | +€419 | +29.8% |
| Other operating charges | 640/8 | €1,673 | €1,148 | -€526 | -31.4% |
| Gross operating margin | 9900 | €170,008 | €122,563 | -€47,445 | -27.9% |
| Operating profit (loss) | 9901 | €67,731 | €31,890 | -€35,841 | -52.9% |
| Financial income | 75/76B | - | €593 | +€593 | |
| Recurring financial income | 75 | - | €593 | +€593 | |
| Financial charges | 65/66B | €18,914 | €18,820 | -€94 | -0.5% |
| Recurring financial charges | 65 | €18,914 | €18,820 | -€94 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €48,817 | €13,662 | -€35,155 | -72.0% |
| Income taxes | 67/77 | €7,748 | €5,873 | -€1,875 | -24.2% |
| Profit (loss) for the period | 9904 | €41,069 | €7,789 | -€33,280 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,069 | €7,789 | -€33,280 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.