WOOD@WORK: 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@WORK
Largest movements
- Cash -€24,674
down €24,674 (-45.9%), from €53,787 to €29,113
mainly Debts after one year (-€33,600) and Investment in fixed assets (net) (-€15,559)
- Tangible fixed assets +€11,010
up €11,010 (+100%), from €10,986 to €21,996
of which Furniture and vehicles: +€9,829
- Debts after one year -€33,600
down €33,600 (-19.1%), from €176,200 to €142,600
- Reserves +€27,640
up €27,640 (+3.5%), from €780,265 to €807,905
of which Distributable reserves: +€27,640
- Gross operating margin -€2,741
down €2,741 (-4.9%), from €55,901 to €53,160
- Taxes -€968
down €968 (-6.9%), from €13,976 to €13,008
- Other operating charges +€904
up €904 (+49.6%), from €1,822 to €2,726
- Depreciation +€660
up €660 (+17.0%), from €3,889 to €4,550
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 | €1,030,846 | €1,017,911 | -€12,934 | -1.3% |
| Fixed assets | 21/28 | €950,986 | €961,996 | +€11,010 | +1.2% |
| Tangible fixed assets | 22/27 | €10,986 | €21,996 | +€11,010 | +100% |
| Plant, machinery and equipment | 23 | - | €2,236 | +€2,236 | |
| Furniture and vehicles | 24 | €2,992 | €12,821 | +€9,829 | +328% |
| Other tangible fixed assets | 26 | €7,994 | €6,939 | -€1,056 | -13.2% |
| Financial fixed assets | 28 | €940,000 | €940,000 | = | 0.0% |
| Current assets | 29/58 | €79,859 | €55,915 | -€23,944 | -30.0% |
| Amounts receivable within one year | 40/41 | €26,073 | €26,183 | +€110 | +0.4% |
| Trade receivables | 40 | €24,839 | €26,183 | +€1,343 | +5.4% |
| Other amounts receivable | 41 | €1,233 | €0 | -€1,233 | -100% |
| Cash at bank and in hand | 54/58 | €53,787 | €29,113 | -€24,674 | -45.9% |
| Deferred charges and accrued income | 490/1 | - | €620 | +€620 | |
| Total equity and liabilities | 10/49 | €1,030,846 | €1,017,911 | -€12,934 | -1.3% |
| Equity | 10/15 | €798,865 | €826,505 | +€27,640 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €780,265 | €807,905 | +€27,640 | +3.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €780,265 | €807,905 | +€27,640 | +3.5% |
| Amounts payable | 17/49 | €231,981 | €191,406 | -€40,575 | -17.5% |
| Amounts payable after more than one year | 17 | €176,200 | €142,600 | -€33,600 | -19.1% |
| Financial debts | 170/4 | €176,200 | €142,600 | -€33,600 | -19.1% |
| Amounts payable within one year | 42/48 | €53,962 | €47,149 | -€6,813 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €33,600 | €33,600 | = | 0.0% |
| Trade debts | 44 | €8,340 | €451 | -€7,889 | -94.6% |
| Suppliers | 440/4 | €8,340 | €451 | -€7,889 | -94.6% |
| Advances received on contracts in progress | 46 | - | €600 | +€600 | |
| Taxes, remuneration and social security | 45 | €8,108 | €7,546 | -€562 | -6.9% |
| Taxes | 450/3 | €8,108 | €7,140 | -€968 | -11.9% |
| Remuneration and social security | 454/9 | - | €406 | +€406 | |
| Other amounts payable | 47/48 | €3,914 | €4,952 | +€1,038 | +26.5% |
| Accrued charges and deferred income | 492/3 | €1,819 | €1,657 | -€161 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €4,550 | +€660 | +17.0% |
| Other operating charges | 640/8 | €1,822 | €2,726 | +€904 | +49.6% |
| Gross operating margin | 9900 | €55,901 | €53,160 | -€2,741 | -4.9% |
| Operating profit (loss) | 9901 | €50,190 | €45,885 | -€4,305 | -8.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €4,972 | €5,241 | +€269 | +5.4% |
| Recurring financial charges | 65 | €4,972 | €5,241 | +€269 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €45,217 | €40,648 | -€4,569 | -10.1% |
| Income taxes | 67/77 | €13,976 | €13,008 | -€968 | -6.9% |
| Profit (loss) for the period | 9904 | €31,241 | €27,640 | -€3,601 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,241 | €27,640 | -€3,601 | -11.5% |
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 29 October 2026 via checked.be.