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
- Financial fixed assets +€761,325
new in 2025: €761,325
- Tangible fixed assets -€33,840
down €33,840 (-2.2%), from €1.5m to €1.5m
of which Land and buildings: -€34,556
- Debts after one year +€570,666
up €570,666 (+60.8%), from €939,338 to €1.5m
- Current portion of long-term debt +€96,791
up €96,791 (+170%), from €56,798 to €153,589
- Reserves +€60,015
up €60,015 (+20.7%), from €290,534 to €350,549
- Other debts -€60,000
down €60,000 (-19.4%), from €310,000 to €250,000
- Gross operating margin +€51,391
up €51,391 (+21.1%), from €244,051 to €295,441
- Staff costs +€34,698
up €34,698 (+46.7%), from €74,299 to €108,997
- Financial charges +€8,336
up €8,336 (+33.0%), from €25,296 to €33,632
- Other operating charges +€6,873
up €6,873 (+96.0%), from €7,157 to €14,030
- Taxes +€3,411
up €3,411 (+14.2%), from €24,049 to €27,460
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 | €1,642,984 | €2,327,584 | +€684,600 | +41.7% |
| Fixed assets | 21/28 | €1,523,108 | €2,250,594 | +€727,485 | +47.8% |
| Tangible fixed assets | 22/27 | €1,523,108 | €1,489,269 | -€33,840 | -2.2% |
| Land and buildings | 22 | €1,522,868 | €1,488,312 | -€34,556 | -2.3% |
| Plant, machinery and equipment | 23 | €240 | €117 | -€123 | -51.1% |
| Furniture and vehicles | 24 | - | €839 | +€839 | |
| Financial fixed assets | 28 | - | €761,325 | +€761,325 | |
| Current assets | 29/58 | €119,876 | €76,990 | -€42,885 | -35.8% |
| Amounts receivable within one year | 40/41 | €36,013 | €13,038 | -€22,974 | -63.8% |
| Trade receivables | 40 | €36,013 | €7,648 | -€28,364 | -78.8% |
| Other amounts receivable | 41 | - | €5,390 | +€5,390 | |
| Cash at bank and in hand | 54/58 | €81,369 | €61,667 | -€19,703 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,494 | €2,285 | -€208 | -8.4% |
| Total equity and liabilities | 10/49 | €1,642,984 | €2,327,584 | +€684,600 | +41.7% |
| Equity | 10/15 | €290,534 | €350,549 | +€60,015 | +20.7% |
| Reserves | 13 | €290,534 | €350,549 | +€60,015 | +20.7% |
| Distributable reserves | 133 | €290,534 | €350,549 | +€60,015 | +20.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,352,450 | €1,977,035 | +€624,586 | +46.2% |
| Amounts payable after more than one year | 17 | €939,338 | €1,510,004 | +€570,666 | +60.8% |
| Financial debts | 170/4 | €939,338 | €1,510,004 | +€570,666 | +60.8% |
| Amounts payable within one year | 42/48 | €396,755 | €453,720 | +€56,966 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €56,798 | €153,589 | +€96,791 | +170% |
| Trade debts | 44 | €11,206 | €24,037 | +€12,831 | +114% |
| Suppliers | 440/4 | €11,206 | €24,037 | +€12,831 | +114% |
| Taxes, remuneration and social security | 45 | €18,750 | €26,095 | +€7,344 | +39.2% |
| Taxes | 450/3 | €18,750 | €26,095 | +€7,344 | +39.2% |
| Other amounts payable | 47/48 | €310,000 | €250,000 | -€60,000 | -19.4% |
| Accrued charges and deferred income | 492/3 | €16,357 | €13,311 | -€3,046 | -18.6% |
| Remuneration, social security and pensions | 62 | €74,299 | €108,997 | +€34,698 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,944 | €51,308 | +€2,364 | +4.8% |
| Other operating charges | 640/8 | €7,157 | €14,030 | +€6,873 | +96.0% |
| Gross operating margin | 9900 | €244,051 | €295,441 | +€51,391 | +21.1% |
| Operating profit (loss) | 9901 | €113,650 | €121,106 | +€7,456 | +6.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25,296 | €33,632 | +€8,336 | +33.0% |
| Recurring financial charges | 65 | €25,296 | €33,632 | +€8,336 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €88,354 | €87,475 | -€880 | -1.0% |
| Income taxes | 67/77 | €24,049 | €27,460 | +€3,411 | +14.2% |
| Profit (loss) for the period | 9904 | €64,305 | €60,015 | -€4,290 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,305 | €60,015 | -€4,290 | -6.7% |
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 20 October 2026 via checked.be.