WOODCOX: 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.
WOODCOX
Largest movements
- Receivables within one year -€39,035
down €39,035 (-38.7%), from €100,934 to €61,899
of which Trade receivables: -€51,075
- Tangible fixed assets -€15,710
down €15,710 (-25.1%), from €62,541 to €46,831
of which Furniture and vehicles: -€18,847
- Deferred charges and accrued income -€6,460
down €6,460 (-80.0%), from €8,076 to €1,616
- Cash +€6,449
up €6,449 (+26.0%), from €24,853 to €31,302
mainly Net result for the year (+€40,016) and Receivables within one year (+€39,035)
- Stocks and contracts +€3,500
up €3,500 (+58.3%), from €6,000 to €9,500
- Trade debts -€18,993
down €18,993 (-32.7%), from €58,013 to €39,020
- Reserves +€16,258
up €16,258 (+262%), from €6,217 to €22,475
- Profit (loss) carried forward -€14,445
no longer reported in 2025 (was €14,445)
- Advances received -€13,900
no longer reported in 2025 (was €13,900)
- Other debts -€12,528
down €12,528 (-62.6%), from €20,000 to €7,472
- Gross operating margin +€13,576
up €13,576 (+23.3%), from €58,176 to €71,752
- Taxes +€4,860
up €4,860 (+51.2%), from €9,483 to €14,343
- Depreciation -€2,467
down €2,467 (-18.7%), from €13,217 to €10,749
- Staff costs -€1,230
no longer reported in 2025 (was €1,230)
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 | €202,891 | €151,486 | -€51,405 | -25.3% |
| Fixed assets | 21/28 | €63,029 | €47,169 | -€15,860 | -25.2% |
| Intangible fixed assets | 21 | €407 | €257 | -€150 | -36.8% |
| Tangible fixed assets | 22/27 | €62,541 | €46,831 | -€15,710 | -25.1% |
| Land and buildings | 22 | €15,618 | €14,910 | -€708 | -4.5% |
| Plant, machinery and equipment | 23 | €11,789 | €15,634 | +€3,845 | +32.6% |
| Furniture and vehicles | 24 | €35,134 | €16,288 | -€18,847 | -53.6% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €139,862 | €104,317 | -€35,545 | -25.4% |
| Stocks and contracts in progress | 3 | €6,000 | €9,500 | +€3,500 | +58.3% |
| Stocks | 30/36 | €6,000 | €9,500 | +€3,500 | +58.3% |
| Amounts receivable within one year | 40/41 | €100,934 | €61,899 | -€39,035 | -38.7% |
| Trade receivables | 40 | €86,429 | €35,353 | -€51,075 | -59.1% |
| Other amounts receivable | 41 | €14,505 | €26,546 | +€12,040 | +83.0% |
| Cash at bank and in hand | 54/58 | €24,853 | €31,302 | +€6,449 | +26.0% |
| Deferred charges and accrued income | 490/1 | €8,076 | €1,616 | -€6,460 | -80.0% |
| Total equity and liabilities | 10/49 | €202,891 | €151,486 | -€51,405 | -25.3% |
| Equity | 10/15 | €40,662 | €42,475 | +€1,813 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,217 | €22,475 | +€16,258 | +262% |
| Distributable reserves | 133 | €6,217 | €22,475 | +€16,258 | +262% |
| Profit (loss) carried forward | 14 | €14,445 | - | -€14,445 | |
| Amounts payable | 17/49 | €162,229 | €109,011 | -€53,218 | -32.8% |
| Amounts payable after more than one year | 17 | €21,248 | €13,065 | -€8,183 | -38.5% |
| Financial debts | 170/4 | €21,248 | €13,065 | -€8,183 | -38.5% |
| Amounts payable within one year | 42/48 | €140,982 | €95,946 | -€45,035 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €7,785 | €8,183 | +€398 | +5.1% |
| Trade debts | 44 | €58,013 | €39,020 | -€18,993 | -32.7% |
| Suppliers | 440/4 | €58,013 | €39,020 | -€18,993 | -32.7% |
| Advances received on contracts in progress | 46 | €13,900 | - | -€13,900 | |
| Taxes, remuneration and social security | 45 | €41,283 | €41,271 | -€12 | 0.0% |
| Taxes | 450/3 | €37,583 | €37,469 | -€115 | -0.3% |
| Remuneration and social security | 454/9 | €3,700 | €3,802 | +€102 | +2.8% |
| Other amounts payable | 47/48 | €20,000 | €7,472 | -€12,528 | -62.6% |
| Non-recurring operating income | 76A | - | €10,726 | +€10,726 | |
| Remuneration, social security and pensions | 62 | €1,230 | - | -€1,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,217 | €10,749 | -€2,467 | -18.7% |
| Other operating charges | 640/8 | €2,005 | €1,423 | -€581 | -29.0% |
| Non-recurring operating charges | 66A | - | €3,355 | +€3,355 | |
| Gross operating margin | 9900 | €58,176 | €71,752 | +€13,576 | +23.3% |
| Operating profit (loss) | 9901 | €41,725 | €56,224 | +€14,499 | +34.8% |
| Financial income | 75/76B | €96 | €184 | +€87 | +90.6% |
| Recurring financial income | 75 | €96 | €184 | +€87 | +90.6% |
| Financial charges | 65/66B | €2,592 | €2,050 | -€542 | -20.9% |
| Recurring financial charges | 65 | €2,592 | €2,050 | -€542 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €39,229 | €54,358 | +€15,129 | +38.6% |
| Income taxes | 67/77 | €9,483 | €14,343 | +€4,860 | +51.2% |
| Profit (loss) for the period | 9904 | €29,746 | €40,016 | +€10,269 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,746 | €40,016 | +€10,269 | +34.5% |
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 20 October 2026 via checked.be.