WOOD WORK: what changed
Two fiscal 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
- Stocks and contracts +€20,000
new in 2025: €20,000
- Tangible fixed assets -€9,056
down €9,056 (-25.1%), from €36,080 to €27,023
of which Furniture and vehicles: -€7,908
- Deferred charges and accrued income +€4,730
up €4,730 (+426.0%), from €1,110 to €5,841
- Cash +€4,028
up €4,028 (+5.6%), from €72,483 to €76,511
mainly Net result for the year (+€19,749) and Depreciation (+€16,921)
- Receivables within one year -€1,542
down €1,542 (-7.5%), from €20,653 to €19,110
of which Other amounts receivable: -€1,397
- Reserves +€19,749
up €19,749 (+28.6%), from €69,157 to €88,906
- Debts after one year -€6,108
down €6,108 (-85.6%), from €7,131 to €1,024
- Trade debts +€4,315
up €4,315 (+226.3%), from €1,907 to €6,222
- Other debts +€1,660
up €1,660 (+373.3%), from €445 to €2,105
- Tax, wage and social debts -€1,516
down €1,516 (-10.9%), from €13,931 to €12,415
of which Taxes: -€1,512
- Staff costs -€11,630
down €11,630 (-96.8%), from €12,011 to €382
- Taxes +€4,472
up €4,472 (+96.7%), from €4,623 to €9,094
- Depreciation -€2,827
down €2,827 (-14.3%), from €19,748 to €16,921
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 | €130,325 | €148,485 | +€18,160 | +13.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €36,080 | €27,023 | -€9,056 | -25.1% |
| Tangible fixed assets | 22/27 | €36,080 | €27,023 | -€9,056 | -25.1% |
| Plant, machinery and equipment | 23 | €9,543 | €8,557 | -€987 | -10.3% |
| Furniture and vehicles | 24 | €25,254 | €17,346 | -€7,908 | -31.3% |
| Other tangible fixed assets | 26 | €1,282 | €1,120 | -€162 | -12.6% |
| Current assets | 29/58 | €94,246 | €121,462 | +€27,216 | +28.9% |
| Stocks and contracts in progress | 3 | - | €20,000 | +€20,000 | |
| Stocks | 30/36 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €20,653 | €19,110 | -€1,542 | -7.5% |
| Trade receivables | 40 | €16,510 | €16,365 | -€145 | -0.9% |
| Other amounts receivable | 41 | €4,142 | €2,746 | -€1,397 | -33.7% |
| Cash at bank and in hand | 54/58 | €72,483 | €76,511 | +€4,028 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,110 | €5,841 | +€4,730 | +426.0% |
| Total equity and liabilities | 10/49 | €130,325 | €148,485 | +€18,160 | +13.9% |
| Equity | 10/15 | €100,864 | €120,613 | +€19,749 | +19.6% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €69,157 | €88,906 | +€19,749 | +28.6% |
| Distributable reserves | 133 | €69,157 | €88,906 | +€19,749 | +28.6% |
| Profit (loss) carried forward | 14 | €31,107 | €31,107 | = | 0.0% |
| Amounts payable | 17/49 | €29,461 | €27,872 | -€1,589 | -5.4% |
| Amounts payable after more than one year | 17 | €7,131 | €1,024 | -€6,108 | -85.6% |
| Financial debts | 170/4 | €7,131 | €1,024 | -€6,108 | -85.6% |
| Amounts payable within one year | 42/48 | €22,330 | €26,848 | +€4,518 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €6,047 | €6,107 | +€60 | +1.0% |
| Trade debts | 44 | €1,907 | €6,222 | +€4,315 | +226.3% |
| Suppliers | 440/4 | €1,907 | €6,222 | +€4,315 | +226.3% |
| Taxes, remuneration and social security | 45 | €13,931 | €12,415 | -€1,516 | -10.9% |
| Taxes | 450/3 | €10,229 | €8,717 | -€1,512 | -14.8% |
| Remuneration and social security | 454/9 | €3,702 | €3,698 | -€4 | -0.1% |
| Other amounts payable | 47/48 | €445 | €2,105 | +€1,660 | +373.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €12,011 | €382 | -€11,630 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,748 | €16,921 | -€2,827 | -14.3% |
| Other operating charges | 640/8 | €791 | €853 | +€61 | +7.8% |
| Non-recurring operating charges | 66A | €174 | - | -€174 | |
| Gross operating margin | 9900 | €46,701 | €47,006 | +€306 | +0.7% |
| Operating profit (loss) | 9901 | €13,977 | €28,851 | +€14,874 | +106.4% |
| Financial income | 75/76B | €417 | €351 | -€66 | -15.9% |
| Recurring financial income | 75 | €417 | €351 | -€66 | -15.9% |
| Financial charges | 65/66B | €429 | €359 | -€69 | -16.2% |
| Recurring financial charges | 65 | €429 | €359 | -€69 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €13,966 | €28,843 | +€14,877 | +106.5% |
| Income taxes | 67/77 | €4,623 | €9,094 | +€4,472 | +96.7% |
| Profit (loss) for the period | 9904 | €9,343 | €19,749 | +€10,406 | +111.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,343 | €19,749 | +€10,406 | +111.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.