WOODBINE: what changed
WOODBINE
Largest movements
- Tangible fixed assets +€175,550
up €175,550 (+1,136%), from €15,450 to €191,000
- Current investments -€147,095
no longer reported in 2025 (was €147,095)
- Receivables within one year -€23,130
down €23,130 (-10.6%), from €218,710 to €195,580
of which Trade receivables: -€73,500
- Cash -€15,515
down €15,515 (-35.6%), from €43,612 to €28,097
mainly Contributions, distributions and other (-€1.2m) and Investment in fixed assets (net) (-€176,200)
- Contributions -€1.2m
down €1.2m (-99.4%), from €1.2m to €6,652
- Other debts +€1.1m
up €1.1m (+2,554%), from €43,734 to €1.2m
- Reserves +€19,268
up €19,268 (+6.4%), from €299,400 to €318,669
- Financial income +€29,040
up €29,040 (+90.7%), from €32,017 to €61,057
- Other operating charges +€21,291
up €21,291 (+2,327%), from €915 to €22,206
- Financial charges -€2,644
down €2,644 (-50.7%), from €5,217 to €2,574
- Gross operating margin -€1,970
down €1,970 (-38.3%), from -€5,146 to -€7,116
- Taxes -€861
down €861 (-24.9%), from €3,453 to €2,592
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,598 | €1,496,775 | -€12,823 | -0.8% |
| Fixed assets | 21/28 | €1,087,400 | €1,262,950 | +€175,550 | +16.1% |
| Tangible fixed assets | 22/27 | €15,450 | €191,000 | +€175,550 | +1,136% |
| Land and buildings | 22 | €15,450 | €191,000 | +€175,550 | +1,136% |
| Financial fixed assets | 28 | €1,071,950 | €1,071,950 | = | 0.0% |
| Current assets | 29/58 | €422,198 | €233,826 | -€188,373 | -44.6% |
| Amounts receivable within one year | 40/41 | €218,710 | €195,580 | -€23,130 | -10.6% |
| Trade receivables | 40 | €73,500 | - | -€73,500 | |
| Other amounts receivable | 41 | €145,210 | €195,580 | +€50,370 | +34.7% |
| Current investments | 50/53 | €147,095 | - | -€147,095 | |
| Cash at bank and in hand | 54/58 | €43,612 | €28,097 | -€15,515 | -35.6% |
| Deferred charges and accrued income | 490/1 | €12,781 | €10,148 | -€2,633 | -20.6% |
| Total equity and liabilities | 10/49 | €1,509,598 | €1,496,775 | -€12,823 | -0.8% |
| Equity | 10/15 | €1,459,400 | €325,321 | -€1.1m | -77.7% |
| Contributions | 10/11 | €1,160,000 | €6,652 | -€1.2m | -99.4% |
| Reserves | 13 | €299,400 | €318,669 | +€19,268 | +6.4% |
| Distributable reserves | 133 | €299,400 | €318,669 | +€19,268 | +6.4% |
| Amounts payable | 17/49 | €50,198 | €1,171,455 | +€1.1m | +2,234% |
| Amounts payable within one year | 42/48 | €45,449 | €1,171,455 | +€1.1m | +2,478% |
| Trade debts | 44 | €51 | €4,519 | +€4,468 | +8,733% |
| Suppliers | 440/4 | €51 | €4,519 | +€4,468 | +8,733% |
| Taxes, remuneration and social security | 45 | €1,664 | €6,251 | +€4,588 | +276% |
| Taxes | 450/3 | €1,664 | €6,251 | +€4,588 | +276% |
| Other amounts payable | 47/48 | €43,734 | €1,160,685 | +€1.1m | +2,554% |
| Accrued charges and deferred income | 492/3 | €4,749 | - | -€4,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €650 | = | 0.0% |
| Other operating charges | 640/8 | €915 | €22,206 | +€21,291 | +2,327% |
| Gross operating margin | 9900 | -€5,146 | -€7,116 | -€1,970 | -38.3% |
| Operating profit (loss) | 9901 | -€6,711 | -€29,972 | -€23,261 | -347% |
| Financial income | 75/76B | €32,017 | €61,057 | +€29,040 | +90.7% |
| Recurring financial income | 75 | €32,017 | €61,057 | +€29,040 | +90.7% |
| Financial charges | 65/66B | €5,217 | €2,574 | -€2,644 | -50.7% |
| Recurring financial charges | 65 | €5,217 | €2,574 | -€2,644 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €20,089 | €28,512 | +€8,423 | +41.9% |
| Income taxes | 67/77 | €3,453 | €2,592 | -€861 | -24.9% |
| Profit (loss) for the period | 9904 | €16,636 | €25,920 | +€9,284 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,636 | €25,920 | +€9,284 | +55.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.