WOODCREATIONS: 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.
WOODCREATIONS
Largest movements
- Receivables within one year -€30,749
down €30,749 (-69.7%), from €44,128 to €13,379
of which Trade receivables: -€30,525
- Stocks and contracts -€11,942
down €11,942 (-9.5%), from €125,836 to €113,894
- Cash -€10,403
down €10,403 (-46.0%), from €22,606 to €12,203
mainly Net result for the year (-€69,027) and Tax, wage and social debts (-€13,310)
- Tangible fixed assets -€1,998
down €1,998 (-49.9%), from €4,003 to €2,004
of which Furniture and vehicles: -€1,351
- Profit (loss) carried forward -€69,027
down €69,027 (-246%), from -€28,053 to -€97,081
- Trade debts +€17,453
up €17,453 (+68.7%), from €25,411 to €42,864
- Tax, wage and social debts -€13,310
down €13,310 (-74.3%), from €17,902 to €4,592
of which Taxes: -€11,599
- Other debts +€10,291
up €10,291 (+12.7%), from €80,998 to €91,289
- Gross operating margin -€121,058
down €121,058, from €89,991 to -€31,067
- Write-downs +€19,542
up €19,542, from -€775 to €18,767
- Staff costs -€15,693
down €15,693 (-55.8%), from €28,124 to €12,432
- Financial charges +€2,428
up €2,428 (+80.9%), from €3,003 to €5,431
- Depreciation -€1,339
down €1,339 (-40.1%), from €3,337 to €1,998
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 | €196,758 | €141,665 | -€55,093 | -28.0% |
| Fixed assets | 21/28 | €4,188 | €2,189 | -€1,998 | -47.7% |
| Tangible fixed assets | 22/27 | €4,003 | €2,004 | -€1,998 | -49.9% |
| Plant, machinery and equipment | 23 | €1,700 | €1,052 | -€648 | -38.1% |
| Furniture and vehicles | 24 | €2,302 | €952 | -€1,351 | -58.7% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €192,570 | €139,475 | -€53,094 | -27.6% |
| Stocks and contracts in progress | 3 | €125,836 | €113,894 | -€11,942 | -9.5% |
| Stocks | 30/36 | €125,836 | €113,894 | -€11,942 | -9.5% |
| Amounts receivable within one year | 40/41 | €44,128 | €13,379 | -€30,749 | -69.7% |
| Trade receivables | 40 | €43,904 | €13,379 | -€30,525 | -69.5% |
| Other amounts receivable | 41 | €224 | €0 | -€224 | -100% |
| Cash at bank and in hand | 54/58 | €22,606 | €12,203 | -€10,403 | -46.0% |
| Total equity and liabilities | 10/49 | €196,758 | €141,665 | -€55,093 | -28.0% |
| Equity | 10/15 | €46,947 | -€22,081 | -€69,027 | |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€28,053 | -€97,081 | -€69,027 | -246% |
| Amounts payable | 17/49 | €149,811 | €163,745 | +€13,934 | +9.3% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,311 | €138,745 | +€14,434 | +11.6% |
| Trade debts | 44 | €25,411 | €42,864 | +€17,453 | +68.7% |
| Suppliers | 440/4 | €25,411 | €42,864 | +€17,453 | +68.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,902 | €4,592 | -€13,310 | -74.3% |
| Taxes | 450/3 | €15,830 | €4,231 | -€11,599 | -73.3% |
| Remuneration and social security | 454/9 | €2,072 | €362 | -€1,710 | -82.5% |
| Other amounts payable | 47/48 | €80,998 | €91,289 | +€10,291 | +12.7% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Non-recurring operating income | 76A | €19,955 | €0 | -€19,955 | -100% |
| Remuneration, social security and pensions | 62 | €28,124 | €12,432 | -€15,693 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,337 | €1,998 | -€1,339 | -40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€775 | €18,767 | +€19,542 | |
| Other operating charges | 640/8 | €1,992 | €1,628 | -€364 | -18.3% |
| Gross operating margin | 9900 | €89,991 | -€31,067 | -€121,058 | |
| Operating profit (loss) | 9901 | €57,313 | -€65,892 | -€123,205 | |
| Financial income | 75/76B | €1,653 | €2,296 | +€643 | +38.9% |
| Recurring financial income | 75 | €1,653 | €2,296 | +€643 | +38.9% |
| Financial charges | 65/66B | €3,003 | €5,431 | +€2,428 | +80.9% |
| Recurring financial charges | 65 | €3,003 | €5,431 | +€2,428 | +80.9% |
| Profit (loss) for the period before taxes | 9903 | €55,963 | -€69,027 | -€124,990 | |
| Income taxes | 67/77 | €360 | €0 | -€360 | -100% |
| Profit (loss) for the period | 9904 | €55,603 | -€69,027 | -€124,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,603 | -€69,027 | -€124,631 |
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 27 October 2026 via checked.be.